附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E216022711876212724728941184157219632282465199356411740营业成本565830107013201525415615000营业税金及附加5>9其他应收款9>1635456272预付寒款142125333578975141166存货312546739745研发费用357647178其他流动资产94593693693693645-0-35038599159801023-2-50005653010固定资产284508589613无形资产37687985937312728其他非流动资产1422432472502520026633130279131073495177189472550782195191199营业外收入1000801695050营业外支出11应付票据及应付寒款3384750177188295392471其他流动负债132139145141149所得税272271769795871501662513334013128262419少数股东损益14194048其他非流动负债696969136147220293353626290283286EBITDA188236353453534419829269317EPS(元)1471582.383.163.80股本9314531407140714072021A2022A2023E2024E2025E462560735969124919972053227325552893营业收入%)22.632.332.824.916.326633130279131073495향业利润(%)15.36.656.533.020.119.87.750.133.120.236.829.931.932.833.216.814.015.917.017.62021A2022A2023E2024E2025EROE(%)7.47.410.011.812.5776384170430ROIC(%)12.39.314.216.619.8净利润150166251333401184156657323.528.110.48.25403净负债比率%)-16.2-11.0-20.0-3127-28流动比率3.92.911.112.5-78-205-1936速动比率2.41.33.03.34.9其他经营现金流-1227-796-1031-262-101-101-850.50.40.70.7资本支出941491101161063.93.50.00.00.0-9397-15-10应付寒款周转率4.54.811.40.00.0其他授资现金流2-107301346-127-13-161471.583.163.802088-119000.83-0.074.144.644-3-2321.5122.1224.4927.5331.17230001332-4500P/E23.521.814.610.99.1其他筹资现金流-26-696P/B1.61.61.41.3387-29715755329EV/EBITDA13.313.88.56.65.0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