民生证券INSHENG SECURITIES领益智造(002600)/电子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34485399594586352343成长能力(%)营业成本27335317073629341420营业收入增长率13.4915.8714.7814.13营业税金及附九加210259263267EBT增长率105.1019.0220.572125销售费用302418453455净利润增长率35.2545.6329.1919.96管理费用1460168319422160盈利能力(%)研发费用2094246228183154毛利率20.7320.6520.8720.87EBIT2921347741925083净利润率4.635.826.556.88财务费用148272280269总资产收益率ROA4.415.686.837.60资产减值损失-1055-762-794-883净资产收益率ROE9.3012.4414.6515.95投资收益19089136187偿债能力2054250132144068流动比率1.471.471.551.62营业外收支-55-25-26-36速动比率1.021.081.131.18利润总额1999247531884033现金比率0.210.240.270.31所得税408151186435资产负债率(%)523254.1353.1352.15净利润1590232430023598经营效率归属于母公司净利润1596232430033602应收账款周转天数96.46100.28101.5199.42EBITDA5111596373648584存货周转天数68.1270.0170.1369.42总资产周转率0.961.041.081.15资产负债表（百万元）2022A2023E2024E2025E每股指标（元）2731372546155666每股收益0.230.330.430.51应收账款及票据9210110131291814393每股净资产2.442.652.913.21115105129153每股经营现金流0.590.730.770.905101532061796995每股股利0.120.170.220.26其他流动资产2251312825222535估值分析流动资产合计19407232902636429742PE26181412长期股权投资6737628971084PB2.52.32.11.9固定资产9818105731070610628EV/EBITDA9.528.036.385.35无形资产1212130513761351股息收益率(%)2.793.614.32非流动资产合计16785176241757517633资产合计36192409154393947375短期借款2027232723272327现金流量表（百万元）2022A2023E2024E2025E应付账款及票据696095811059911720净利润1590232430023598其他流动负债4252394241254365折旧和摊销2190248731723501流动负债合计13238158501705118411营运资金变动-1235-758-1851-1913长期借款3825435843584358经营活动现金流4125511554466355其他长期负债1871193819381938资本开支-2210-2873-2832-3236非流动负债合计5697629562956295投资-1-2200负债合计18935221452334624706投资活动现金流-3268-3036-2832股本176417641764176459000少数股东权益90909085-42716800股东权益合计17257187692059322668筹资活动现金流-1159-1086-17232067负债和股东权益合计36192409154393947375现金净流量-2479948901051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