中国重汽(000951)2023年中报预告点评2022A2023E2024E2025E2022A2023E2024E2025E28822.4438197.1249518.3965447.04525.631581.792288.492983.20营业成本27041.5835049.2445094.7059679.35折旧与摊销321.77451.07515.55563.05营业税金及册加97.65129.41167.77221.7494.61-75.01-50.89-90.55销售货用321.21425.69551.86726.46-136.100.000.000.00263.67687.55891.331178.05经营营运黄本变动6832.02310.421967.692354.29财务货用-94.61-75.01-50.89-90.55其他-418.5249.0781.98113.93-136.100.000.000.007030.181696.514802.825923.9119.600.000.000.00-998.41-1000.00-1000.00-1000.000.000.000.000.00649.850.000.000.00其他经营损益0.000.000.000.00-348.56-1000.00-1000.00-1000.00577.821980.242863.623732.00短期借款99.384499.380.000.008.673.00-3.00-3.000.000.000.000.00586.491977.242860.623729.000.000.000.000.00所得税60.86395.45572.12745.80支付股利-352.46-72.58-376.01-559.55525.631581.792288.492983.20-1055.6572.7350.8990.55311.91474.54640.78775.63.1507.494499.54-325.12-468.99213.721107.261647.712207.575174.135196.043477.704454.922022A2023E2024E2025E2022A2023E2024E2025E货币黄金13154.2018350.2421827.9426282.86成长能力应收和预付款项6747.768819.1911453.0515155.9648.62%32.53%29.64%32.17%存货3591.084548.005693.687750.57营业利润增长率-71.66%242.71%44.61%30.32%其他流动黄产4010.51194.43252.06333.14-68.50%200.93%44.68%30.36%0.000.000.000.00BTDA增长率-63.86%192.72%41.25%26.33%0.000.000.000.005139.165726.856250.056725.76毛利率6.18%8.24%8.93%8.81%无彩资产和开发支出850.38811.62772.86734.101.70%2.72%2.81%2.77%878.42878.42878.42878.421.82%4.14%4.62%4.56%34371.5139328.7547128.0657860.81ROE3.60%9.83%12.71%14.60%500.625000.005000.005000.00ROA1.53%4.02%4.86%5.16%13292.1813766.1018075.6524407.86ROIC5.23%31.65%41.12%57.84%长期借款0.000.000.000.00279%6.17%6.72%6.42%5987.564464.556041.848018.7219780.3623230.6529117.4937426.580.831.041.151.25股本1174.871174.871174.871174.877.547.538.2710.094930.034930.034930.034930.034.725.245.195.237707.858742.5310014.2311662.25存货周转率6.118.338.598.7113739.9314772.3216044.0217692.0491.69%851.231325.771966.552742.1814591.1616098.0918010.5720434.2257.55%59.07%61.78%64.68%34371.5139328.7547128.0657860.81带息债务感负债2.53%21.52%17.17%13.36%流动比率1.421.401.371.342022A2023E2024E2025E速动比率1.241.201.171.13EBITDA804.982356.303328.284204.50股利支付率164.92%6.55%22.82%25.35%PE92.6317.8812.018.971.361.231.100.970.180.941.401.88PS0.690.520.400.3012.4213.7015.3317.39EV/EBITDA7.782.360.63-0.56每股经营现金5.981.444.095.041.78%0.37%1.90%2.83%每股股利0.300.060.320.48请务必阅读正文后的重要声明部分