附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E124972791456321473303712315320362029549132744476204120131849725711营业成本12191783348553767473214230387营业税金及附加441020其他应收款264396565879176727413849预付寒款508317322132795139316477650存货632851204824243792研发费用65118264392544其他流动资产2058585846-120-120-190156266300336377-1737-76000001131固定资产3171104137174000无形资产10000021其他非流动资产1231951961992030014047545148632181030749315323782104984710862501884116965营业外收入000050167271641613032营业外支出03应付票据及应付寒款7027442083227837843153175477801045其他流动负债95174148147149所得税36306686114465959595927928748069493100000少数股东损益0000其他非流动负债59595927928748069493189311442560890017023EBITDA323292395764136400000EPS(元)2.912.995.007239.70股本9612512512518559311186111862021A2022A2023E2024E2025E4297161085156321095116401123031291013725116.438.393.654.039.014047545148632181030749향业利润(%)13.92.769.642.634.119.52.667.544.534.247.444.343.843.743.712.19.07.77.37.02021A2022A2023E2024E2025EROE(%)54.64.57.29.511.5135119239363593ROIC(%)48.34.84.85.6净利润27928748069493181615223063.615.217.240.855.4-120-120-190净负债比率%)-74.1-93.8-175.7-165.7-156.403-1-1流动比率1.56.75.8-202-187-231-176速动比率0.65.84.92.11.5其他经营现金流441-90-48-57-692.30.70.60.50.5资本支出57587132.843.043.043.043.000000应付寒款周转率6.67.27.27.27.2其他授资现金流021165660552733742.912.995.007239.7036117104614566171.401232.493.786.17000053366.6769.5975.928441000>5575559300P/E42.541.424.717.112.7其他筹资现金流-28-57-199-61116542P/B23.21.91.81.657235718340598EV/EBITDA46.532.29.34.42.0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