公司报告丨年报点评报告天风证券TF SECURITIES财务预测摘要202120222023E2024E2025E202120222023E2024E2025E货币资金1.43469160951192257430.0448222593.57243121.11110446232587营业本108.4588521293115363183161823.07234396营业税金及附加544398599729存货30.443484534651177711销售费用78.109154118.141231314137其他11.7912072391198532管理费用38174244496058671434331319211,503.911,72285203534研发费用63.52437370.0377.750.000.000000.00财务费用(18.90)1979(2245)固定资产94.7710031902180117001资产信用减值损失(089在建工程25170.470447044公允价值变动收益0000000.00无形资产9605856275192056160120.0018011900其他104581155310174其他(4520)0.002044135.0136129351.7131739104.46219.56281422.07456235273营业外收入2751432.021780.00000000000营业外支出00401292819.72108027.10223719738105.84169.2422151其他97.64155641502517977所得税1984120118.6224373114721411735166.4417734202.13177549383150.82197.140.00000000000024)应付债券0.000000.00177.8193831973625221其他96712641624259137220368181162410569155.67218380.00026)202120222023E2024E2025E68626862资本公积1096251091411.091411091411091411356%21022113%378.473833953427731631809%4634%6033%3110%28.17%其他14874.96)日属于母公司净利润2377%-4723%6082%3080%27.79%1-533.061528.552134351865202,07456235273毛利率7478%7318%净利率4135%2917%3129%3382ROE1160%614%893%1047%ROIC39909%9493%4995%7977%202120222023E2024E2025E净利润177549383150891973625221资产负债率6A5%924%102717.63205320.532053净负债率财务费用033(19.79)流动比率138110219049.7110.07投资损失(20.00)1900速动比率1352994969营运资金变动808359041404279其它91.7502☑23.12141630.00203819611573713727135.752702412.7398510.9211161102资本支出221841675(3610总资产周转率027019027030032长期投资0.000.000000000.00其他3252097137220283687879)(104.80)20.0018.0119.0012620039417.7518.922272234222724.6227.473111⑤784992(220其他3090(10450(000市盈率566135202691210629302381市净率3463473142822490.000000.000.0025.95181622.731674121317482313.0527.122067258918481311资料来源：公司公告，天风证券研究所请务必阅读正文之后的信息披露和免责申明