附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E21983228286236073819369059627052840510003757777423504600营业成本30525439626172918552664110198615011459营业税金及附加17223034其他应收款923218108145预付寒款252835405060127168220存货5726597588921043研发费用54657892130其他流动资产17164564564564512319316719023473339383244335113-40000000161510固定资产1680140719422516313800无形资产309353406470-12900其他非流动资产5851624153715121506004546656766948040893245522763083317943259329242884676营业外收入292025242410472020296939424304营业外支出02应付票据及应付寒款89900484242320653856其他流动负债217341323346372所得税9437201466361104991774390205271533709582879766660549少数股东损益00000其他非流动负债5322522522522539020527153370924304364428351725450EBITDA6745685891024131700000EPS(元)0.970.510.681331.77股本4004004004004614644644644642021A2022A2023E2024E2025E109611821387175822602116220324112868348240.061.618.319.219.0负债和股东杖益45466567669480408932향业利润(%)9.0-50.331.1112.132.215.2-47.432.296.633.117.38.811.213.214.510.63.43.8637.12021A2022A2023E2024E2025EROE(%)18.49.311.318.620.427236-2752421055ROIC(%)11.4565.78.59.9净利润39020527153370912720014620527153.566.464.064.361.0167190净负债比率%)47.0116.0154.7158.2135.49000流动比率1.00.80.8-281-886662-115速动比率0.80.80.60.60.6其他经营现金流-21000-461-1508-806-950091.11.2资本支出6049896398069506.97.47.47.400000应付寒款周转率8.19.617.30.00.0其他授资现金流143000741982-388-328-3710.970.510.681331.772869739499733620.680.09-0.690.602.63462297-113-1064.895.115.636.77830000000000P/E14.527.620.910.68.0其他筹资现金流-292-1224-1194622P/B2.92.82.5558-497-1303-892-266EV/EBITDA9.913.515.09.47.5数据来源：聚源、开源证券研究所请务必参阅正文后面的信息被露和法律声明