民生证券INSHENG SECURITIES中无人机(688297/军工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2773362850236785成张能力(%)营业成本2100273137805100营业收入增长率12.0130.8338.4535.08营业税金及附肋加14182433EBT增长率5.1742.7643.3739.14销售费用20243241净利润增长率25.1431.9239.5738.54管理费用98125167220盈利能力(%)研发费用189228299388毛利率24.2624.7324.7424.83EBIT3525027201002净利润率133513.4613.5713.91财务费用-474-4-4总资产收益率ROA4.755.646.677.61资产减值损失000净资产收益率ROE6.438.1310.5613.19投资收益71524偿债能力营业利润40653574710343.943.312.712.34营业外收支-1000速动比率3.162.531.941.57利润总额4055357471034现金比率1.611.210.830.60所得税90资产负债率(%)26.1330.5736.8442.33净利润370488681944经营效率归属于母公司净利润370488681944应收账款周转天数77.6277.6281.5085.58EBIT DA4385898141103存货周转天数252.56252.56265.19278.45总资产周转率0.360.420.490.55资产负债表（百万元）2022A2023E2024E2025E每股指标（元）货币资金3090306730383097每股收益0.550.721.011.40应收款及票据1171153222263158每股净资产8.538.909.5610.60预付款项26344763每股经营现金流0.560.500.500.62存货1453189027473891每股股利0.350.350.350.35其他流动资产1816183418091811估值分析流动资产合计75568356986612019PE9205036长期股权投资0000PB5.95.75.3固定资产75118154183EV/EBITDA712553.0038.3928.28无形资产7288104120股息收益率(%)0.690.690.690.69流动资产合计237297349394资产合计779386531021512413短期借款0000现金流量表（百万元）2022A2023E2024E2025E应付款及票据1025157122843235净利润370488681944其他流动负债89495713631903868794101流动负债合计1919252836465138营运资金变动-77-214-421-602长期借款0000经营活动现金流378335336419其他长期负债117117117117资本开支-44-135-146-146非流动负债合计117117117117投资-1800000负债合计2036264537635255投资活动现金流-1844-121-127-122股本6756756756754,210000少数股东权益000债务募资000股东权益合计5757600864517158筹资活动现金流4,195238-238-238负债和股东权益合计779386531021512413现金净流量2,728-2959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