民生证券INSHENG SECURITIES继峰股份(603997/汽车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17967203092381830452成长能力(%)营业成本15616171111985725118营业收入增长率6.7413.0417.2827.85营业税金及附加48556583EBT增长率-24.84223.5940.4748.97销售费用262305357457净利润增长率-1221.60131.5760.0265.97管理费用1368142216672132盈利能力(%)研发费用376508595761毛利率13.0915.7516.6317.51EBIT28190912761901净利润率-8.142.283.124.03财务费用200226226223总资产收益率ROA-9.172.794.186.10资产减值损失-1567-176-235-313净资产收益率ROE-41.0212.0217.1023.41投资收益3456偿债能力-14445308481403流动比率1.001.031.081.15营业外收支9000速动比率0.650.670.68利润总额-14355308481403现金比率0.170.150.140.14所得税2866106175资产负债率(%)75.5774.7173.4471.90净利润-14634647421228经营效率归属于母公司净利润-14174477161188应收账款周转天数53.6952.6752.1552.84EBITDA1047168221112808存货周转天数42.6542.2342.8642.58总资产周转率1.161.271.391.56资产负债表（百万元）2022A2023E2024E2025E每股指标（元）1163105111181284每股收益-1260.400.641.06应收账款及票据2712323836004685每股净资产3.073.303.724.51154116153203每股经营现金流0.931.161.531891825198023322930每股股利0.000.180.220.27其他流动资产1023103312001467估值分析流动资产合计68777418840310570PE322012长期股权投资11131516PB4.23.93.42.8固定资产3504369239974402EV/EBITDA18.4711.569.186.84无形资产1118896600320股息收益率(%)0.001.391.742.09非流动资产合计8577862687258924资产合计15454160441712819493短期借款2135213521352135现金流量表（百万元）2022A2023E2024E2025E应付账款及票据2882300634564474净利润-14634647421228其他流动负债1867205221942614折旧和摊销766774834907流动负债合计6884719377859223营运资金变动-18-345-326-563长期借款2557255725572557经营活动现金流1052131217262128其他长期负债2237223722372237资本开支-833-1002-1169-1424非流动负债合计4794479447944794投资940-22-2负债合计11678119871257914017投资活动现金流-824-1000-1166-1420股本11171126112611261900少数股东权益3203363624018000股东权益合计3775405745495477筹资活动现金流-398-424-492-542负债和股东权益合计15454160441712819493现金净流量-24368166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