浙商证券中教段份600195)公司点评表附录：三大报表预测值资产负债表(百万元)20222023E2024E2025E(百万元)20222024E2025E32883566397648835892632670288153现金875105112811745营业成本462049775323613001003344营业税金及附加353943501153110312171445营业费用3783804735382842339392426494156168180207143158181206存货1062108812111381(6)16其他14131213194649505654255598公允价值变动损益000000001903002212377948378498275154562678303634143654622699824992无形资产66861655249444在建工程261305355627704828996其他248262255246所得税768510012179378622940110481551619728876流动负债1431149315461750少数股东损益011短期借款237220250550619727875应付款项388418447515EBITDA8979621117131200000.540.610.710.86其他777838878985165168167167主要财务比率34343420222023E2024E2025E其他131134133132成长能力159616611713191611.13%7.37%11.10%16.01%10461046104710476.36%12.41%17.81%20.39%5296591466427517归属母公司净利润7.05%12.46%17.56%20.33%79378622940110481毛利率21.59%21.32%24.26%24.81%现金流量表9.34%9.79%10.36%10.74%(百万元)20222023E2024E2025EROE9.01%9.30%9.93%10.77%222)698640724ROIC9.73%9.97%10.45%11.06%净利润55161972887626825629232320.11%19.27%18.22%18.29%财务货用161717净负债比率20.16%16.76%15.42%15.51%(190)(300)(221)237)流动比率2.302.392.572.79营运资金变动(760)154(84(115)1.561.661.792.00其它(48)(92(141)(167(462)(379(275)总资产周转率0.770.760.780.82(199)(586)(6468.507.237.357.50122(43)(122214.3016.1316.0716.64其他(90)16728021556(32160.540.610.710.86短期借款150(17)300.22)0.680.630.71(44)0005.195.796.507.36其他332)176229464P/E23.4320.8317.7214.73P/B2.432.181.941.71EV/EBITDA13.8513.6111.569.51http://www.stocke.com.cn2/3睛务必阅读正文之后的免责条款部分