公司报告丨年报点评报告天风证券TF SECURITIES财务预测摘要202120222023E2024E2025E202120222023E2024E2025E货币资金808.71931.6412034912942219017477811983.041398.401857812379.9251.10575154397874营业成本298.79407.7953622704938768314.79734162619522788营业税金及附加7.47145918572362存货112.76142.43134992722424093销售费用11935147.79229.772939337274其他22.9417513041284839553586458610943128751,010301194.041390.902298.93研发费用1558117079209.4627867401000.000000.00财务费用(35.64)(25.04)(32.04)固定资产207.1921459193991733915280资产信用减值损失(51(650)在建工程21286212862128621286公允价值变动收益0000000.00无形资产963699549660936690722940793913.61其他73.6699.5087.0287.47其他30.97(13.74)0.0046416628.47590.4656738545.162031636472476372336222834.09营业外收入036026031026132.00000000营业外支出03402704104703770.94144701575220494202912565136456476.21其他108.17156811963122646所得税12.72532272282333.0518235309.1130151353.834314019019251.18337.15447.99573.830000.00000000(031)0.45)应付债券0.000.000000.00190,352515033731574.08其他12.571558126012A30591.051351257897124321650377.02317.09443.832523573393.06202120222023E2024E2025E42220422.20425584255842558资本公积481.7749981489814050%263%4205%330%28.10%3514652780745311051.011471812978%26224223%3061%2739%其他0.000.000000.00日属于母公司净利润3223%3212%3412%3289%28.07%1257.951443.492390261474.451820512336222834.09毛利率6150%5852%6150%63.16%净利率2446%2416%2413%24.12%ROE1516%2031%24.05%ROIC6371%5021%5201%202120222023E2024E2025E净利润190.19337314482657408资产负债率1458%2071%1600%18.4923.91235323532353净负债率-64.01%-72.24%-6564%财务费用516254☑(2128)25043204流动比率4953244615.00531投资损失(294速动比率440286417423475营运资金变动21.6415897(2384016319其它7361.190.16)02刀23.631345232020421820749445204.407254984077010.079.12928资本支出144.05177352970.17总资产周转率060073长期投资0.000.000000000.00其他(2742310522.64059105135(130.18)3.913.612811161701059164.73110.14)251932372954.625618.04(14240(15310其他15690000.000.00市盈率56.164251238518625271(11728)市净率852645444480.000.000000.000.0026.10167325341944144690.726075217.7627.0520441504资料来源：公司公告，天风证券研究所请务必阅读正文之后的信息披露和免责申明