附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E28959320023468639909449963016732172346433630537644现金1459817855207112513130853营业成本190912031821671221872274112512413516123192391249525402581其他应收款67568350282352140974200438145914757预付寒款22828226330928416931473147315441368存货349341523841439740283163434550其他流动资产98408907921891149149421-565-674-826非流动贵产1760418309180591751116788资产减值损失-189-269-73-84366368387406425556543550546548固定资产1015011023111551089710446公允价值变动收益253164132175无形资产24812558233021291933186170101145其他非流动资产46084361418740793983482-1000046563503125274557420617844455500160196964792518259196721925219905196283026246225232230231营业外支出9141613应付票据及应付寒款3298366234003949354344795006602569757927其他流动负债14715157851561915726158551223120114461674190245114368441543994405325638054579530160240000少数股东损益10194123138159其他非流动负债4511436844154399440531553711445651625866负债合计2276924039236672430424033EBITDA51475562653074378285少数股东杖益79277790010391197EPS(元)2312.723273.784.3013641364136413641364资本公积395641544154415441542021A2022A2023E2024E2025E留存收益17719199292244725363286762300225495281773207836554营业收入%)8.76.67.74.83.74656350312527455742061784营业利润%)37.112.320.415.713.843.317.620.115.813.636736.837.438.939.610.511.512.914.215.62021A2022A2023E2024E2025EROE(%)13.714.515.716.016.060434879470753216428ROIC(%)10.711.412.713.113.2净利润325638054579530160241091107710701136118448.947.844.942.338.9财务费用-243-421-565-826净负债比率%)41.9-51.1-55.962.5-70.0授资损失-170-101-121-145流动比率1.61.61.82.02.33181923-173-160362速动比率1.01.11.7其他经营现金流-1057-335-103-161-10250-2199657-292-1490.70.70.70.70.6资本支出16351780-231-580-738241.3258.4252.7254.6253.9-9185-1112-19-19-19应付寒款周转率6.75.86.16.06.1其他授资现金流-17800-1531-906-891-907-1614-1676-1193610-557每股收益（最新摊薄）2312.723273.784.30-457-204.433.583.453.904.71长期借款00016.8618.6920.6523.5126.7900000281198000P/E47.940.733.929.325.8其他筹资现金流-1437-1853-1200608-558P/B6.65.95.44.74.1-58291026285644205722EV/EBITDA27.024.420.417.314.9数据来源：聚源、开源证券研究所请务必参阅正文后面的信息被露和法律声明