う开源证券附：财务预测滴要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E1361129915341345169818321746209925503109现金585552569357435营业成本14451354163619682377应收票据及应收寒款306330434494638营业税金及附加913131519其他应收款2130营业费用3829313640253956122108126145168存货1351821472514670424656其他流动资产291288288288288222215641917211823522624资产减值损失-6-150127173218263307141074269910821289公允价值变动收益103420无形资产12112715116416其他非流动资产573918873856865-002925321636513696432325819934344266259188613370295348348407621营业外支出1应付票据及应付寒款250177282469258198262342442其他流动负债11666212197248所得税5031425872579468398207167220283370492511448315少数股东损益638811其他非流动负债878282828220116321227535912411185143013541735EBITDA374342374926328797EPS(元)0340280.470.61股本341585140414041404资本公机764773-46-46-462021A2022A2023E2024E2025E381510669893118116071961214322552491营业收入%)-4.720.221.521.929253216365136964323营业利润%)174.7-23.131.930.729.1161.2-18.729.630.030.521.122.422.122.823.511.09.410110.811.62021A202242023E2024E2025EROE(%)12.39912.114.3167380299315494ROIC(%)9.57.69.411.0净利润207167220283370106127160资产负债率%)42.436.836.640.1や181622净负债比率%)15.317.5425.926.5授资损失4流动比率2.12.21.513-9683-10751速动比率1.4170.9其他经营现金流-4812900-302-569-283-357426总资产周转率0.70.60.60.70.8资本支出1814191892296.05.55.5长期授资-190-45-43-44应付寒款周转率6.76.36.36.3其他授资现金流-241-340-173-21124240196229-2030360.470.61137000.290.650510.540.8429519-63-62-712563.163.674.07普通股增加1522458190123-81900P/E64.979.961.747.436.3其他筹资现金流-20-12964-167-133P/B8.77.06.46.15.530417-271-135EV/EBITDA84.692.483.964.950.6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2/4