浙商证券东方日升(300118)公司点评表附录：三大报表预测值资产负债表利润表(百万元)20222023E2024E2025E(百万元)20222023E2024E2025E2343737445434495360229385504276198179563现金9846142201581718925营业成本2624244900541996877176284166175185188252应收账项40246910856010968营业货用2787569301193其它应收款1393239029373771管理货用1001161422933342预付账款591101212221550801126121072944存货6402109541322316778财务货用(73)176208213其他11051676152414352981005014825173522052923794公允价值变动损益(227)104118250000投资净收益319501627761长期投资75190110821298其他经营收益2531371261319063965910865124651098217728753739无形资产950103711251257营业外收支25)(25)在建工程14052324345939671073215228503713其他2655343139994807所得税1172353114063826254797639787739695619172538330824372333013986849658222938短期借款4256510861297355945189425093269应付款项13556231932799735524EBITDA2243337142635400预收账款115936EPS(最新摊薄)0.831.662202.87其他65494941570667233490418042554575主要财务比率长期借款212124372721302720222023E2024E2025E1369174215341548成长能力27862374814412354233营业收入56.05%71.61%22.91%28.37%少数殿东权益1028105110801118营业利润620.76%98.20%32.08%30.03%9372162661877522044归属母公司净利润100.52%32.45%30.29%38262547976397877396毛利率10.69%10.96%12.55%13.56%现金流量表净利率3.25%3.80%4.10%4.16%(百万元)20222023E2024E2025EROE9.48%13.67%13.50%15.20%3036113135764956ROIC6.08%7.94%9.12%10.14%净利润956191725383308102010321213145372.82%68.40%68.97%70.07%财务货用(73)17620821326.68%22.64%22.11%20.93%投资损失(319(501)(627)761)流动比率0.961.121.091.08营运资金变动68833732310750760.700.800.760.74其它(5431)(5225)2863)(4334)(622)(2632)(3042)(3227)总资产周转率0.871.081.041.13218(2530)(3541)(3554)应收账款周转率10.2411.8710.3610.56长期投资(112)(180)216应付账款周转率4.745.634.884.99其他(727)486795445935875106413800.831.662202.87短期借款461851102212260.993.144.35长期借款34831628430510.5114.2716.4719.34其他2164707(242)(152)3007437415973108P/E28.8414.3810.868.33P/B2.271.681451.24EV/EBITDA9.717.054.06http://www.stocke.com.cn请务必阅读正文之后的免责条款部分