民生证券INSHENG SECURITIES中国核电(601985)/公用事业及环保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71286748487934384351成长能力(%)营业成本38757384284139044206营业收入增长率13.705.006.016.31营业税金及附九加8728989521012EBT增长率17.855.413.765.64销售费用78828793净利润增长率9.6620.243.192.76管理费用4619486551575483盈利能力(%)研发费用1398149715871687毛利率45.6348.6647.8347.59EBIT27585290783017031871净利润率22.9024.9624.2924.32财务费用8145884992439470总资产收益率ROA1.942.202.152.12资产减值损失-248-301-318-339净资产收益率ROE10.1611.3310.8910.47投资收益275264274300偿债能力19645224202313324618流动此率0.920.95104营业外收支-75-50-50-50速动比率0.510.540.560.64利润总额19570223702308324568现金比率0.220.230.250.33所得税3247369138094054资产负债率(%)68.1766.9165.7764.27净利润16323186791927420515经营效率归属于母公司净利润9010108341117911488应收账款周转天数88.1290.0090.0090.00EBITDA43453498595267156542存货周转天数233.64240.00240.00240.00总资产周转率0.150.150.150.16资产负债表（百万元）2022A2023E2024E2025E每股指标（元）16162169771980027587每股收益0.480.570.590.61应收账款及票据17364186201973820984每股净资产4.705.075.445.822794307433113536每股经营现金流2.422.6524809252682721529067每股股利0.170.200.220.23其他流动资产4632468247684863估值分析流动资产合计65760686217483286037PE14.111.711411.1长期股权投资5685668576858685PB1.41.3121.2固定资产269032268083286263298076EV/EBITDA8.527.677.416.86无形资产2052221423272389股息收益率(%)2.522.973.26341非流动资产合计398860423197444598456761资产合计464620491818519430542798短期借款15365166481919121097现金流量表（百万元）2022A2023E2024E2025E应付账款及票据20539201612171523193净利润16323186791927420515其他流动负债38033374623790338363折旧和摊销15868207812250124671流动负债合计73937742717881082653营运资金变动6079-2994-1393-1481长期借款208511211511214511217511经营活动现金流46698457175004653627其他长期负债34303433034830348703资本开支-50487-44295-43091-36038非流动负债合计242814254814262814266214投资-3062-1100-1100-1100负债合计316751329085341624348867投资活动现金流.53008-4513143917-36838股本1886118870188701887011176900少数股东权益592296707475169841962951413283105445306股东权益合计147869162733177807193931筹资活动现金流9436230-3306-9002负债和股东权益合计464620491818519430542798现金净流量311981628237787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