附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E367943894970565861563631375044435296601315661625192522952606营业成本314132373775443649986266788679741116营业税金及附加1721222424其他应收款319241255677484预付寒款10101518178181209238271存货64810791135研发费用170194227260295其他流动资产8271271127112711271-11443021902120229625172614-8-611011411712112642固定资产16021528170819272029-0无形资产1471421301181060-8其他非流动资产3323363503521586965097266817587707228438520673615416147855068营业外收入4531813181722192109营业外支出232应付票据及应付寒款165817302220242228095173184286387其他流动负债1073123144150所得税13233910851832232622504669171263349942090130117少数股东损益2110其他非流动负债14313313313313316725433831523798438450485317EBITDA3053064005787214041464EPS(元)0.060.090.340.46股本738738738738738113811381138113811382021A2022A2023E2024E2025E679673897101726782671283830733389营业收入%)24.33.318.519.213.558696509726681758770향业利润(%)207.144.6150.157.635.8168.454.7145.852.333.013.513.715.016216.91.21.83.84.85.62021A2022A2023E2024E2025EROE(%)2.55.98.410.1470403582420844ROIC(%)1.94.07.0净利润17126334922022918722927253.758.361.760.630净负债比率%)-6.412.67.205流动比率1.81.21393822197219速动比率1.21.00.90.91.0其他经营现金流5071-10-15-21-170-709-360445-3630.60.60.70.7资本支出1351973604463646.15.95.95.95.902345应付寒款周转率333.333其他授资现金流-3556-149-45-9270.060.090.230.340.461525011005402-1100.640.550.790.571.1432-8924040-133.373.593.914.3400000000P/E167.2108.144.028.921.7其他筹资现金流-334345-197244864P/B2.93.02.82.52.3150-351-704-32421EV/EBITDA23.622.316.611.68.7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