首页行业分类金融证券证券2023-04-28-西南证券-飞科电器-高端化成效显著,Q1业绩持续高增
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2023-04-28-西南证券-飞科电器-高端化成效显著,Q1业绩持续高增

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2023-04-28-西南证券-飞科电器-高端化成效显著,Q1业绩持续高增
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飞科电需(603868)22年年报和23年一季报点评2022A2023E2024E2025E2022A2023E2024E2025E4627.135816.177150.458711.37822.531077.991336.331630.67营业成本2145.802649.363242.603941.28折旧与摊销99.70167.45176.56180.86营业税金及册加42.6153.5565.8480.21-5.67-20.23-35.0853.51销售货用1142.411424.961751.862134.29-7.67-5.00-6.00-7.00249.81348.97429.03522.68经营营运黄本变动-112.32-99.13-66.95.103.80财务货用-5.67-20.23-35.08-53.51其他19.4114.36-11.48-10.63-7.67-5.00-6.00-7.00816.001135.451393.381636.581.855.005.005.0048.41-80.00-80.000.0012.3612.5612.6412.57-258.5017.5617.6417.57其他经营损益0.000.000.000.00-210.09-62.44-62.3617.571048.151382.111719.852110.99短期借款0.000.000.000.0038.6942.8843.3142.400.000.000.000.001086.841424.991763.172153.39-1.470.000.000.00所得税264.31347.00426.84522.72支付股利435.60559.52-733.30-909.03822.531077.991336.331630.67-10.735.3735.0853.51-0.45-0.58-0.72-0.88-447.81-554.15-698.22-855.52822.981078.581337.051631.55159.84518.86632.80798.632022A2023E2024E2025E2022A2023E2024E2025E货币黄金507.901026.761659.562458.19成长能力应收和预付款项378.03623.13721.08867.1715.53%25.70%22.94%21.83%存货652.45798.96980.161193.29营业利润增长率34.17%31.86%24.44%22.74%其他流动黄产1032.371038.031044.371051.8028.86%31.06%23.96%22.03%218.99218.99218.99218.99田TDA增长率33.49%33.90%21.71%20.25%0.000.000.000.001245.931178.771102.50941.92毛利率53.63%54.45%54.65%54.76%无彩资产和开发支出196.47177.80159.14140.4729.97%30.15%30.01%29.89%114.40112.78111.16109.5317.78%18.53%18.69%18.72%4346.545175.225996.956981.37ROE23.99%27.31%29.37%30.93%0.000.000.000.00ROA18.92%20.83%22.28%23.36%637.71975.471161.741386.33ROIC39.73%48.53%57.31%67.12%长期借款0.000.000.000.00田TDA/销售枚入24.68%26.29%26.03%25.69%280.68253.14285.57323.77918.401228.611447.321710.101.091.221.281.34股本435.60435.60435.60435.604.425.286.849.35691.36691.36691.36691.3612.9514.4012.6613.242301.182820.233423.984146.50存货周转率3.293.633.623.613428.143947.194550.945273.46112.32%0.00-0.58-1.31-2.193428.143946.614549.645271.2721.13%23.74%24.13%24.50%4346.545175.225996.956981.37带息债务感负债0.00%0.00%0.00%0.00%流动比率3.173.113.293.482022A2023E2024E2025E速动比率2.372.402.562.73EBITDA1142.181529.341861.332238.34股利支付率52.93%51.88%54.84%55.72%E41.5131.6825.5520.949.978.667.516.481.892.483.073.75PS7.385.874.783.927.879.0610.4412.10EV/EBITDA28.5120.9416.8713.67每股经营现金1.872.613.203.761.28%1.64%2.15%2.66%每股股利1.001.281.682.09请务必阅读正文后的重要声明部分