附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E18871828239724093091233919542327274831788031026122214431669营业成本1567140415951827206710977000营业税金及附加20151922其他应收款2717352645395319369444518预付寒款6543856610914315616218721存货7379087261122研发费用65577081其他流动资产147147147147147061034113411691238131313950-00000000028272727固定资产66171180289597800无形资产12516016517218123其他非流动资产348299272462370630212997363537224487292042594134409659291528营业外收入961131317396681253营业外支出66应付票据及应付寒款880182142207261其他流动负债208222226261275所得税379466221741751751751451916119900011少数股东损益062946其他非流动负债2311741741741453112819024564615114011041703EBITDA24796211298359493721EPS(元)0280.25股本5125125125125126726886882021A2022A2023E2024E2025E12301231132414601632232823452473262628374.0-16.519.118.115.630212997363537224487향业利润(%)46.7-83.5370.447.226.948.8-78.7315.148.528.933.028.231.533.534.96.21.65.56.97.72021A2022A2023E2024E2025EROE(%)0.84.57.2315385-254512-128ROIC(%)5.00.13.24.74.9净利润145911216119982917621.320.529.738.002334净负债比率%)-21.2-30.5-12.9-23.5-9.22流动比率4.64.2262.038249442253434速动比率2.32.51.3其他经营现金流5235-10-12-199-197-141-160-1640.80.60.70.70.8资本支出19421314516416920.021.00.00.00.0-20000应付寒款周转率17.015.636.20.00.0其他授资现金流1644-299-18-590280.060.250.48817609-725850.620.75-0.501.000.250004.584.835.130000-113000P/E43.1202.248.732.825.4其他筹资现金流-18462712653P/B2.72.72.52.42.2-182223413293-359EV/EBITDA23.457.828.118.816.5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