附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E99710191267173421303474456679991397767230578809营业成本10713520030041969128167275343营业税金及附加3479其他应收款14133132160240335预付寒款516217084107170238存货180231385477研发费用97133180252其他流动资产584664664664662-6-43524425136447994667430固定资产15117223836050100无形资产6265697476167其他非流动资产132202214230001349146017802378292911169591304559361316营业外收入060000327581128营业外支出0000应付票据及应付寒款105123169其他流动负债80767983所得税-28-848484860258612417700000少数股东损益33000其他非流动负债3148484857286124177901785039841365EBITDA624411218026010141414EPS(元)0.430.160.640.93133股本13313313313399710199289289282021A2022A2023E2024E2025E1231191953024491249126812631381155031.828.349.849.839.913491460178023782929향业利润(%)132.1-80.3596.055.837.5208.261.9295.244.842.869.369.770.070.070.016.44.912.912.412.72021A2022A2023E2024E2025EROE(%)4.72.06.78.911.320-6566ROIC(%)1.16.68.0净利润258612417727343238546.712.228.341.446.62净负债比率%)-59.1-15214.922.2流动比率16.97.8-30-114-220-154速动比率15.06.21.41.2其他经营现金流82600-135-460-100-166-2010.4030.50.5资本支出79135158应收寒款周转率6.74.54.54.54.5-390444应付寒款周转率5.44.14.14.14.1其他授资现金流-771-21-286590.430.160.640.9313300000.500.150.480.50000009.369.519.4710.3611.6333000062922910P/E158.7416.9105.572.951.0其他筹资现金流3-5634P/B7.37.17.26.65.8590-537-176-234-139EV/EBITDA134.0191.777.049.134.6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