民生证券INSHENG SECURITIES洋河股份(002304)/食品饮料公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入30105355914254150200成长能力(%)营业成本76468359950710797营业收入增长率18.7618.2219.5318.00营业税金及附九加4388583769778253EBT增长率25.0115.0121.5721.91销售费用4179498361687028净利润增长率24.9118.9022.0120.94管理费用1936266931913765盈利能力(%)研发费用254356425502毛利率74.6076.5177.6578.49EBIT11763135291644720050净利润率31.1531.3331.9832.77财务费用-636-243-359-285总资产收益率ROA13.8013.6814.9615.87资产减值损失-174-176-181净资产收益率ROE19.7521.0422.7224.15投资收益426126415111783偿债能力12509148731814521944流动此率2.582.292.362.36营业外收支-6-7-8速动比率1.691.581.591.59利润总额12503148661813821936现金比率1.291.34138所得税3114371745355484资产负债率(%)30.0734.9534.0934.23净利润9389111501360416452经营效率归属于母公司净利润9378111501360416452应收账款周转天数0.550.090.110.06EBITDA12516142951731821039存货周转天数846.40865.00893.00904.00总资产周转率0.440.480.490.52资产负债表（百万元）2022A2023E2024E2025E每股指标（元）24375359734079948295每股收益6.227.409.0310.92应收账款及票据571100311921378每股净资产31.5035.1639.7345.2111934562每股经营现金流11.287.9710.9817729198102326026742每股股利3.744.455.436.57其他流动资产8825727465376134估值分析流动资产合计51512641527183382610PE24201714长期股权投资33129728094592PB4.74.338固定资产5795587760246145EV/EBITDA16.0613.2510.668.42无形资产1714174217961868股息收益率(%)2.502.983.634.39非流动资产合计16452173751908621061资产合计679648152790919103672短期借款000现金流量表（百万元）2022A2023E2024E2025E应付账款及票据1376176520402380净利润9389111501360416452其他流动负债18552262172844232591折旧和摊销753766871989流动负债合计19928279813048234971营运资金变动-62046014-1135708长期借款00经营活动现金流3648169921200816549其他长期负债511515515515资本开支-534-1034-1239-1352非流动负债合计511515515515投资41291000800500负债合计20440284963099735486投资活动现金流4017266-852股本150715071507150743000少数股东权益505050500-200股东权益合计47524530315992368186筹资活动现金流-4492-5661-6744-8201负债和股东权益合计679648152790919103672现金净流量31721159848267496资料来源：公司公告、民生证券研究亮预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告