う开源证券附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E235526073114371444818781071125816062172现金14391969283633814000营业成本174248293374505352430000营业税金及附加914141825其他应收款112237698111136180预付寒款156616985109存货189188258312458118132161217其他流动资产3731818181820474858615607658008861052-100长期授资00000其他收益17固定资产420419513654公允价值变动收益0无形资产252833394164其他非流动资产11531732233535700291533713914460055335055967058971183285211149150营业外收入33300000营业外支出00应付票据及应付寒款630005085997068991186其他流动负债222149147149150所得税6972100119157821212121439526607780102800000少数股东损益0000其他非流动负债2121214395266077801028294232168170171EBITDA472559654827110100000EPS(元)4.825.786.668.561129股本69191177118001800180018002021A2022A2023E2024E2025E留存收益758115317602540356826213139374644315362营业收入%6121.021.917.527.635.329153371391446005533营业利润%)110.917.918.327.231.9120.319.915.328.531.8毛利(%)80.276.976.776.776.750.049.248.248.647.32021A2022A2023E2024E2025EROE%)16.716.816.217.619.2354394871685842ROIC(%)48.241.862.569.170.4净利润4395266077801028719202510.16.94.33.73.1财务货用-20-48-586154.9-62.7-75.7-76.3-74.6授资损失655流动比率8.312.321.225.029.9-127-171309-36-116速动比率7.511.419.422.826.8其他经营现金流622-12-17-30310-281-50-102-1870.30.30.40.4资本支出3452853107191应收寒款周转率7.04.30.00.00.0677230000应付寒款周转率4.09.40.00.0其他授资现金流-22-484-48-112-38-364.825.786.668.56112900003.894.329.567.52924000028.7834.4741.1348.6558.87030002900P/E55.546.240.131.223.7-126-1714638-36P/B9.37.86.54.56156867545619EV/EBITDA47.840.032.925.318.5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2/4