还有 3 页未读 ，您可以 继续阅读 或 下载文档
报告派所有资源均由用户上传分享，仅供网友学习交流，未经上传用户书面授权，请勿作商用。
1、本文档共计 3 页，下载后文档不带水印，支持完整阅读内容或进行编辑。
2、当您下载文档后，并不意味着拥有了版权，文档仅供网友学习交流，不得用于其他商业用途。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！
4、本本所有内容不构成任何投资建议，不具有任何指导和买卖意见。
5、如文档内容存在违规，或者侵犯商业秘密、侵犯著作权等，请点击“违规举报”。
公司报告引季报点评天风证券TF SECURITIES财务预测摘要202120222023E2024E2025E202120222023E2024E2025E15906.789374.41233775414996.0330.7387534,102.1937,097.15434311152571.5362543.7516640.702154881194694627260.782485901营业成本29841.5633.0824938416.00463504554938892753.053364.923.037.7439148334103670.9412154143321734920639205153025,73381254875233739.0633.40948销售费用45529477.745782956289其他64873935785250503395231484管理费用1884311376971324.651.577.1518137782303.2060379.80716227780,249219273244研发费用472.77710501209151563592275362476.922.476922476.9224769273.46(17.93)2351(9722)固定资产18542.9619.79830181514916504.681485787资产信用减值损失(4745747580)在建工程2833.05234081234081234081234081公允价值变动收益28.0031000000.00无形资产2828.05287437243985222259367.10289.43481833491其他2095.722.10934212084209428其他102.64000283453029586.1225,8831023992471308371515301,992.142601273,420.5789,985.919935843108,13231116724.91营业外收入12837843760.0030.001586.432015841237271018.60营业外支出2734426130.0020.0022596.7726569242746023383645140.614711407.401557.072,022.142631273430.57其他461121510635285937523151062982273所得税176262051126289342064459728,794.4033,00144573912462-5341671333.541,231.15135196228920646215731046955331704353841857237461应付债券0.000.001267.782231972,909.98其他133327(111224)(11403910916473(55340)(808.6950,711.1062,028.0570,524852485.612881992.91278295284300507202120222023E2024E2025E2665592.66559266559266559资本公积27.444.6927.48.94274489427.449.9427.448941910%878%1707%18.97%7.642218554.779.7554711317851335484-602%1599%3147%3150%其他(27439日属于母公司净利润353%675%3530%3012%3039%39,937.4041,2855742,5063344,1042646200.069935843106,13231116724.91毛利率1249%1082%1155%12.16%净利率342%395%425%ROE317%330%433%6.74%ROIC395%7.02%529%10.00%202120222023E2024E2025E1231151351961.71528223197290998资产负债率5594%5722%5844%60.42%1589.471813.721864.07186407净负债率-33.17%-1461%-2965%财务费用191.95106272351流动比率123123125128130投资损失(3481周(334910速动比率0830700.7414,48580(152053☑1212547(11.629412.04135其它(4060☑43985723745124719421222524016,70436(1124139)15,48287787022)16457.901741601701.78资本支出36728922104)(1365716473总资产周转率044046051长期投资518.07201560000.000.00其他(1227933(1520☑510484847517018045084109(8,89815)3,72243289.44334.9162758170022(16819(16129每服净资产14.05144114851544162016121392253950)(89880其他195830.00市盈率94.638864503538625409883.94(1,050.08)市净率3002932.73汇率变动影响0.000.000000.00EV/EBITDA36.672334195719141405786031(6,635.03)14.003.13(838151)15742.72EWEBIT38452974资料来源：公司公告，天风证券研究所请务必阅读正文之后的信息披露和免责申明
转换为Word/PPT