还有 3 页未读 ，您可以 继续阅读 或 下载文档
报告派所有资源均由用户上传分享，仅供网友学习交流，未经上传用户书面授权，请勿作商用。
1、本文档共计 3 页，下载后文档不带水印，支持完整阅读内容或进行编辑。
2、当您下载文档后，并不意味着拥有了版权，文档仅供网友学习交流，不得用于其他商业用途。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！
4、本本所有内容不构成任何投资建议，不具有任何指导和买卖意见。
5、如文档内容存在违规，或者侵犯商业秘密、侵犯著作权等，请点击“违规举报”。
中泰证券ZHONGTAI SECURITIES公司点评会计年度20222023E2024E2025E会计年度20222023E2024E2025E2.7966.6158.92612.190管业收入15.99322.05129,75240.63441100012.53617.37523.28931.7544.3475.8127.62310.3021672122721172613494762202653874883.2564.4907.2108.24142348568497500007519921,3391,8691.5081.8172.4523.348-12168139102流动资产合计12.43518.99626.56034.5587168-652525252532411421421421420008.7268.2377.8597.5803939393.5543.6543,6543.55462621.22813381.4841.8421.9782.6033,6885.1701.4021.51666非流动资产合计15.07614.83614.64214.45824141627.51033.83141.20149.0161.9602,5993,6805,1601.1332.6921.7692613004426342.9874.71161478.1561.8994.5284,82852139.7171-2025915归属母公司净利润1.7002.3013.2404.529397536731NOPLAT1.6892,4483,3604.618202020201.542.092.944.1123232360771191512129.62113.79218.21521.644会计年度2022E2023E2024E2025E2,8252.8752,8052.3572.3572,3572.35739.5%34.9%36.6%547547547547EBT增长单64.8%420%38.0%37.8%5.7305,71067.1%353%40.8%39.8%负债合计15.35019.57223.92427.43412.12914.23117.25121.55921.6%212%21,7%21.9%312910.6%10.4%10.9%11.1%12.16014.28017.27721.593ROE14.0%18.1%18.8%21.0%27.51033.83141.20149.016ROIC11.1%13.0%15.2%19.0%55.8%57.9%58.1%56.0%会计年度2022E2023E2024E2025E56.6%59.6%53.5%35.1%3.3732,7126.0281.3141.52.5223.5201.01.11.112-1235-2.720-1.031-1.226-1.1562.7660.62.2612.1343,2634,67685838179-314110-37748311610495-5.106773-789782808090-5.665-789-78312001.542.092.944.11571202.073.062.465.474,2971.220387-199111.01129115.6519.564,7951.609746-1.659-397-755-876-1.150P/E3418130000P/B433其他影响-101366517828EV/EBITDA16612174-2-请务必阅读正文之后的重要声明部分
转换为Word/PPT