浙商证券转变电工(600089)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)20222023E2024E2025E687608609710851813112495887104492117433127389现金16244218673419247917营业成本588837057682732923081180118011801180营业税金及附加1404135815271656159251862017917184712292229923492548其它应收款842136712831529311733443699394955196815787288481277173019862064存货14011152261876720427875180317411644其他15039210232730632752(1616(1300)(1918)(22801015741089541162061210664948636000000153650650650长期授资1161116111611161其他经营收益3924504504505776162475657606778726647236762344422640无形资产11832143391786620483(101)(63)(68)在建工程15079120639650772026545236132337622580其他15742189162176923914所得税36923407331232291703341950512247242521902285320206200641935157050631827109877296少数股东损益6970616361195902236610001000100015883140431394513449应付款项34721416164878454430EBITDA3231330725315463168100004.083.613593.46其他1996320567213152186633123298663155933244主要财务比率2496326463279632946320222023E2024E2025E其他8161340435963782成长能力901749304910265711054139.03%8.97%12.38%8.48%22464286263474540718营业利润124.40%-14.14%0.72%-3.11%576977337787321100931归属母公司净利润118.93%-1159%-0.70%-2.40%170334195051224724252190毛利率38.59%32.46%29.55%27.54%现金流量表23.83%19.34%17.09%15.37%(百万元)20222023E2024E2025EROE23.17%15.42%12.45%10.32%21752146942297623605ROIC24.80%20.07%17.38%15.08%净利润22853202052006419582439653596478750752.94%47.70%45.68%43.83%87517851706160137.58%36.57%34.61%33.50%(153)(650)(650)流动比率1.211.361.531.70营运资金变动8263(8996(61)0.961.121261.43其它(14482)(3009)(4562)(1417)9115)(10428)(9771)总资产周转率0.650.570.560.5324701)(6200)(6200)(6200)7.567.156.997.0015160003.453.073.042.97其他406(4228)(3571)(4197)44(222)(1094.083.613.593.50短期借款307(1366005.593.785.916.07123815001500150014.8518.8722.4625.96其他(5743)(91)(1722)(1609(522656231232613725P/E5.556.276.47P/B1.531.201.010.87EV/EBITDA3.784.303.983.75http://www.stocke.com.cn2/3睛务必阅读正文之后的免责条款部分