民生证券MINSHENG SECURITIES新希望(000876)/农业公司财务报表数据预测汇总利润表佰万元)2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入141,508171,288217.832241,054成长能力(%)营业成本132,113155,733195,847218,701营业收入增长率12.0721.0427.1710.66营业税金及附肋加236286364403EBT增长率106.941348.3955.271.93销售费用1,7202,2273,0502893净利润增长率84.77344.2991.395.25管理费用4,6785,6527,1887473盈利能力(%)研发费用300363462511毛利率6.649.0810.099.27EBIT4927,12611,06511,278净利润率-1.032.083.142.98财务用1,8911,7732,0052163总资产收益率ROA-1.072.494.434.33资产减植损失-2777-2196-2378-2397净资产收益率ROE-4.9910.9417.3115.41投资收益1,6231,96421782411偿债能力营业利润-5875,1328,8759,1450.710.781.121.24营业外收支-1,173-1.050-1,062-1095速动比率0.290.320.480.57利润总额4,0837,8148,051现金比率0.230.260.400.48所得税140204391322资产负债率(%)68.0266.8664.4662.28净利润-1,8993,8787.4237,729经营效率归属于母公司净利润3,5686,8297,188应收账款周转天数3.323.323.323.32EBIT DA6,12613,41318,41819,784存货周转天数49.4651.4849.2450.00总资产周转率1.051.221.471.51资产负债表（百万元）2022A2023E2024E2025E每股指标（元）货币资金1151213,16517.81723408每股收益-0.320.791.501.58应收款及票据1,3651,4821,9032149每股净资产6.447.198.6910.28预付款项28603,6814,0814,821每股经营现金流2.042.303.653.62存货17,90119,76724,04327.562每股股利0.000.000.000.00其他流动资产1,9111,9142,2962,487估值分析流动资产合计3554940.00950,14060,428PE1688长期股权投资26,25628,2203039932809PB2.01.81.5固定资产35,68340,33444,39548,388EV/EBITDA18.898.545.845.15无形资产1,86418611,8591856股息收益率(%)0.000.000.000.00流动资产合计101,129103.023104,135105,393资产合计136.679143,032154,275165,820短期借款13,35913,85913,85913859现金流量表（百万元）2022A2023E2024E2025E应付款及票据14,29814,96418,37520,971净利润-1,89938787,4237,729其他流动负债22111222961272513,968折旧和摊销5,6346,2877,3548,506流动负债合计49,76851,11944,96048,799营运资金变动1,515-3049-3,429长期借款27,52828,87438,87438,874经营活动现金流9,23810,45416,55616,422其他长期负债15,66815,63615,61415,592资本开支-6,452-7.529非流动负债合计43,19644,51054,48954,466投资-2,606000负债合计9296495,62999,448103,265投资活动现金流-8,234-6,414-6,4527.529股本4,5394,5384,5384,5384,277-400少数股东权益14,47114,78215,37615,917-2632568-23860股东权益合计43,71547,40354,82662,555筹资活动现金流-5,487-2,388-5,4513,302负债和股东权益合计136,679143,032154,275165,820现金净流量4.5791,6534,6525,591资料来源：公司公告、民生证券研究院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