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ㄧ季报点评天风证券TF SECURITIES财务预测摘要202120222023E2024E2025E202120222023E2024E2025E货币资金5818844290.963.962484279.4846218439,62483427948246218.408444.499130.6710901881380242234125227.9849732.181703466380379.79341.10636023521189953营业税金及附加11041110.9512838138.66存货11750.1616.927248.7320411.763344019264396284854.045298005.72184其他1995342450.653.102553119.70313349管理用1.40683128811.476421.6268928399.6133,140.6227334.9735,1441334220.72研发费用50139614.1871895776471534263726372637财务费用1939.4232580192.03775241.02399固定资产8952.1895959510.000.021022694417.05)(220.00100.00)在建工程2143.402961404.04833465143521835公允价值变动收益(32109(150483)1.40000(107531)(1326.71)无形资产5326295342.754.57026380110300594投资净收益928.95126815.0050.00150.00其他6313287557.166.945317.070257.19091其他3.7588121846.6924,8398725,1862225,5491751602730.171,090.811,040.0450,2353157,990.49525211960,89330营业外收入6524584070.0064556431874.763342.922.43780436655565151营业外支出317340.00363936046787548642.046.4927910243.967.99721543.80756.831,192.941118.96其他5343.72739946868039801455所得税147.44425203204913.008.0118.938.0516320.0523,290.89163316093984419747823498.913662873093573172415920000.00应付债券7.797137353517,742927.631.19757587157.406441974782其他3476863124832861063,1542530467202602803003214,772.9014,1412113,403.9813,879.0013795.0029,16023349558329,724.0337,1699035458270000.000000000.00202120222023E2024E2025E232981232981232981232981232981资本公积12977.1712.9963312986331298633912%204%600%8.00%6180.636,712.107291877.91625859929-409%4150%5927%-620%4.65%其他(4125301096.41189142910152552日属于母公司净利润-5539%287.17%571%7.79%22,797,1623,5234024430.9550,2353157,990.49525211960,693305989922毛利率2457%2480%2480%25.00%净利率051%163%153%1.62%ROE075%264%283%295%ROIC257%311%224%370%428%202120222023E2024E2025E净利润1633160939644196937574782资产负债率5905%6012%5659%612%5921%1779.141961892.031792062.00208133净负债率53324745%5404%财务费用1193.971920377524102399流动比率197160151158投资损失4394(15.00)5000(150001160781140.73104营运资金变动2263.403496842.9962523918☑(182501)其它(79401)180933(1400.00)(132671)359425396424400940.7555142281203.19310资本支出242059325377200681219754总资产周转率07207长期投资12511.030000.000.00其他(502709)3.18150(27908☑007026028030(1,174)(603.29)1961910.01024债权融资(91669(2032.75)1435342345099310101049(375071518.10324915973其他2128.92000(000市盈率124.7832232831262683716579)3,004.43394.23市净率0850800.000.000000.000.005327177.52728723317.0034236132414611418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