民生证券INSHENG SECURITIES喜临门(603008)/轻工公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入7,8399,65811,63713,767成长能力(%)营业成本5,2999,375营业收入增长率0.8623.2020.5018.30营业税金及附助加59667994EBT增长率-45.52135.3021.5117.53销售费用1,5301,5661.8322161净利润增长率57.49180.1522.9218.46管理费用407435500592盈利能力(%)研发费用191193256303毛利率32.4032.4032.0031.90EBIT3929231,122净利润率3.036.897.037.04财务费用38687479总资产收益率ROA2.636.567.13743资产减植损失1-2净资产收益率ROE6.7916.1617.0017.23投资收益6000偿债能力营业利润3398531,0461,238流动比率1.101.231.34144营业外收支-17-11-11-11速动比率0.660.810.951.04利润总额3228421,0351,226现金比率0.440.480.600.67所得税50121149177资产负债率(%)58.8956.6855.0753.60净利润272721886经营效率归属于母公司净利润238665818969应收款周转天数40.7055.0055.0055.00EBITDA7401,3161,574存货周转天数82.6475.0075.0075.00总资产周转率0.901.011.081.12资产负债表（百万元）2022A2023E2024E2025E每股指标（元）23843,3224,170每股收益0.611.722.112.50应收款及票据8741.4432,058每股净资产9.0210.6312.4214.52预时款项737895113每股经营现金流2.171.683.964.33存货1,2001,3401,6241,925每股股利0.080.330.400.48其他流动资产903822574623估值分析流动资产合计5,0906,0677,3558,888PE41151210长期股权投资255255255255PB2.82.42.017固定资产1,8591,9161,9642,106EV/EBITDA13.657.605.66无形资产328328328328股息收益率(%)1.311.611.91非流动资产合计3,9534,1194,147资产合计9,04210,14511.47413,035短期借款1,6831,7831,7831,783现金流量表（百万元）2022A2023E2024E2025E应付款及票据2,12223072,9053,442净利润2727218861.050其他流动负债827837819961347393452525流动负债合计4,6324,9275,5066,186营运资金变动153-56270-29长期借款331480480480经营活动现金流8416491.676其他长期负债362343332321资本开支-854-528-504-563非流动负债合计693823813801投资90000负债合计5,3255,7506,3196,987投资活动现金流-806-563股本387387387387160000少数股东权益221276344425389251-162-12股东权益合计3,7174,3955,1556,048筹资活动现金流115-265负债和股东权益合计9,04210.14511.47413,035现金净流量344938849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