附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E882105810031493309266670885115383127168219营业成本19417841855171725527500营业税金及附加26其他应收款141315405263预付寒款21918301718405265存货11623859%502925研发费用5061107142184其他流动资产425311312312313-1121930155209299341397000041897固定资产731022202690无形资产292729323517610其他非流动资产7675000103710931357134418903719512864102288176582营业外收入5040266155558营业外支出0000应付票据及应付寒款467400058107499131其他流动负债18や2124所得税-5-10-2107531578109151000000-2-2-6其他非流动负债0752178011215764109294182589EBITDA19921241681614115EPS(元)0.870281331.862.61股本60606116216216216212021A2022A2023E2024E2025E28735344256995796810481151129617.6-14.0152.032.130.310371093135713441890향业利润(%)-30.3-81.7625.133.934.7-29.2-68.1377.840.040.037.133.237.637.737.817.06.312.012.713.62021A2022A2023E2024E2025EROE(%)1.57.49.411.6-83-117-75228-247ROIC(%)5.3649.09.1净利润781091517101217216.210.021.713.531.212930净负债比率%)-8.4130-1226.169-10流动比率13.88.65.72.6-139-136-160108416速动比率11.96.02.60.9其他经营现金流161-10-16-23-15388-92-48-640.30.20.70.7资本支出443973151.00.00.00.0-106119444应付寒款周转率4.53.615.30.00.0其他授资现金流281213-24-14-280.870281331.862.610258-111404-1.37-1.94-1.243.794.10长期借款000015.9116.0917.4219.13215400000910000P/E64.1200.942.130.021.4其他筹资现金流-33-22-27283445P/B3.53.53.22.92.6-260-32-181152-353EV/EBITDA46.5159.535.324.820.4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