首页行业分类金融证券证券2023-05-11-西南证券-中顺洁柔-终端需求稳步修复，盈利弹性可期
私信

热门文档

相关合集

快递最后一公里配送模式

2026-08-1124份文档

钻石/天然钻石/培育钻石

2026-08-10134份文档

足球产业/体育赛事

2026-10-3139份文档

租车

2026-08-1143份文档

PDF

2023-05-11-西南证券-中顺洁柔-终端需求稳步修复，盈利弹性可期

2023-05-12方*****24页1.07M

下载文档收藏文档
请阅读并同意免责条款
违规举报用手机查看分享文档 转换为Word/PPT
下载文档
/4
全屏查看
2023-05-11-西南证券-中顺洁柔-终端需求稳步修复，盈利弹性可期
还有 4 页未读 ，您可以 继续阅读 或 下载文档
下载文档 继续在线阅读
下载提示文本预览
报告派所有资源均由用户上传分享，仅供网友学习交流，未经上传用户书面授权，请勿作商用。
1、本文档共计 4 页，下载后文档不带水印，支持完整阅读内容或进行编辑。
2、当您下载文档后，并不意味着拥有了版权，文档仅供网友学习交流，不得用于其他商业用途。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！
4、本本所有内容不构成任何投资建议，不具有任何指导和买卖意见。
5、如文档内容存在违规，或者侵犯商业秘密、侵犯著作权等，请点击“违规举报”。
中顺洁秉(002511)22年年报及23年一季报，点评2022A2023E2024E2025E2022A2023E2024E2025E8569.699843.9911305.3512758.38348.67564.47703.32824.65营业成本5831.056501.907351.618229.58折旧与摊销405.48342.45356.44370.57营业税金及册加55.2265.7974.6684.5932.02-28.94.40.60-54.43销售货用1748.821968.802294.992615.47-20.24-10.00-10.00-10.00372.09689.08813.99931.36经营营运黄本变动650.86487.33-137.63-184.65财务货用-32.02-28.94-40.60-54.43其他340.67-36.1826.7921.45-20.24.10.00-10.00.10.00391.691319.12898.32967.59-0.850.000.000.00102.02-205.00-216.00-228.000.000.000.000.00576.73-17.18.19.77-29.82其他经营损益0.000.000.000.00-474.72222.18-235.77-257.82400.61657.37820.72961.81短期借款607.80607.800.000.008.610.370.770.640.000.000.000.00409.22657.74821.49962.4419.7310.000.000.00所得税60.5593.27118.17137.79支付股利-128.50-64.72-107.56-136.54348.67564.47703.32824.654.5319.1140.6054.43-1.30-2.10-2.62-3.07503.56-643.41-66.96-82.11349.97566.57705.94827.73451.10453.52595.59627.652022A2023E2024E2025E2022A2023E2024E2025E货币黄金1324.791778.312373.903001.55成长能力应收和预付款项1127.711308.871496.501691.28-6.34%14.87%14.85%12.85%存货1911.631434.521620.861900.96营业利润增长率-40.72%64.09%24.85%17.19%其他流动黄产334.96385.17442.29499.08-39.99%61.89%24.60%17.25%0.000.000.000.00BTDA增长率-25.04%25.42%17.07%12.44%31.7033.4933.2633.083156.193022.272884.352742.31毛利率31.96%33.95%34.97%35.50%无彩资产和开发支出214.31210.78208.25207.7224.38%26.71%27.14%27.37%233.83248.83268.83298.834.07%5.73%6.22%6.46%8335.118422.239328.2210374.80ROE6.73%9.92%11.19%11.82%607.800.000.000.00ROA4.18%6.70%7.54%7.95%1473.981652.121847.602078.21ROIC6.47%11.12%14.24%16.06%长期借款0.000.000.000.009.03%9.86%10.05%10.02%1072.631079.681194.441322.303154.422731.803042.033400.501.081.171.271.30股本1314.741336.451336.451336.452.793.333.984.72958.19946.48946.48946.487.298.108.098.023594.064095.914694.295385.47存货周转率3.333.694.614.495178.065689.916288.296979.47100.77%2.630.52-2.10-5.175180.695690.446286.196974.3037.84%32.44%32.61%32.78%8335.118422.239328.2210374.80带息债务感负债19.27%0.00%0.00%0.00%流动比率1.561.902.052.182022A2023E2024E2025E速动比率0.931.341.491.60EBITDA774.07970.871136.561277.94股利支付率36.72%11.42%15.24%16.50%E44.6827.6022.1518.893.022.752.492.240.260.420.530.62PS1.821.591.381.233.884.264.705.22EV/EBITDA18.5513.9311.369.58每股经营现金0.290.990.670.720.82%0.41%0.69%0.87%每股股利0.100.050.080.10请务必阅读正文后的重要声明部分