浙商证券海南机场600515)公司点评表附录：三大报表预测值资产负债表利润表(百万元)20222023E2024E2025E(百万元)20222023E2024E2025E2433728528317984701542063396678现金7383102881119411539营业成本30593197358639441503501668891营业税金及附加466537628662应收账项1452135515211536159183214226其它应收款440216825362003管理货用712596634601预付账款268156650000存货12790133681499616493财务货用596616625673其他743766827779资产减值损失2590031788317753161831498公允价值变动损益3150000000投资净收益5101121403长期投资2043267025202411其他经营收益1711718516850186038628营业利润(17)97119352147无形资产2021207521112129营业外收支205671在建工程11719377506002039104320062219其他18037175911763517731所得税641563013335612560302634161975887170511043146291582815299118275157短期借款000185686016541829应付款项3416353139694376 EBITDA30212201320834842410110891EPS(最新摊薄)0.160.080.140.16其他760210996117501083221274209782118821219主要财务比率长期借款1882518825188251882520222023E2024E2025E2448215223622393成长能力32317356073701536518营业收入3.89%15.30%16.96%5.35%1394142114721529营业利润-101.53%5813.05%99.17%10.97%归属母公司股东权22415232752492926758归属母公司净利润300.68%-53.68%92.37%10.58%56125603026341664804毛利率34.93%41.01%43.43%40.94%现金流量表净利率42.01%16.36%26.90%28.24%(百万元)20222023E2024E2025EROE8.41%3.55%6.48%6.69%(3147)3193795377ROIC5.94%3.13%4.85%5.10%净利润19758871705折旧摊销43462265669157.58%59.05%58.37%56.35%财务货用596616625673净负债比率59.10%53.64%51.60%52.30%投资损失(47)(510)(1112)(1403)流动比率2.201.952.012.18营运资金变动(3701)1592761速动比率1.051.041.061.10其它(2403)(14)(1841)(1214)210726630总资产周转率0.080.090.100.10(460)(300)(500)(500)应收账款周转率3.553.864414.37长期投资585(865)382应付账款周转率0.20.930.960.95其他(133913768441096733(498)(615)(663)0.160.080.140.1620)00-0.280.280.070.03长期借款(1150)0001.962.042.182.34其他1903(498)(615)(663)佑值比率(3628)2905905345P/E28.8062.18323229.23P/B2.392.302.142.00EV/EBITDA23.0628.9419.5917.90http://www.stocke.com.cn请务必阅读正文之后的免责条款部分