民生证券INSHENG SECURITIES紫金矿业(601899)/金属公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入270329331293368884428492成长能力(%)营业成本227784283930314492360942营业收入增长率20.0922.5511.3516.16营业税金及附九加4268496949805570EBT增长率18.027.6719.3629.25销售费用620109311071157净利润增长率9.9322.5729.52管理费用6265745481159213盈利能力(%)研发费用1232122612541285毛利率15.7414.3014.7415.76EBIT30297326213893550325净利润率9.168.219.0610.18财务费用1905378636013528总资产收益率ROA6.556.627.488.57资产减值损失-79-75-54-54净资产收益率ROE22.5321.1922.1423.80投资收益2874397644275142偿债能力30946334614051252778流动此率1.121.201.38184营业外收支-953-689-246-234速动比率0.640.710.85123利润总额29993327724026652544现金比率0.280.390.510.85所得税5226557168458933资产负债率(%)59.3356.5753.2050.32净利润24767272013342143612经营效率归属于母公司净利润20042220322700534977应收账款周转天数10.697.077.768.02EBITDA40465452595304565595存货周转天数45.0342.1342.2542.67总资产周转率0.880.991.021.05资产负债表（百万元）2022A2023E2024E2025E每股指标（元）20244303924043869240每股收益0.760.841.03133应收账款及票据86466865842310136每股净资产3383.954.635.583795369342835025每股经营现金流1.091.551.732.1128104327743640242199每股股利0200.270.340.38其他流动资产18855188412057322725估值分析流动资产合计7964492566110119149325PE151411长期股权投资25067280673106734067PB3.42.92.52.1固定资产72746825508881992083EV/EBITDA10.088.887.365.60无形资产68280736747789381070股息收益率(%)1.732.302.963.29非流动资产合计226400240502251132258638资产合计306044333068361252407963短期借款23666269772440618654现金流量表（百万元）2022A2023E2024E2025E应付账款及票据13493143411631019000净利润24767272013342143612其他流动负债34011357763913143719折旧和摊销10168126391411015271流动负债合计71170770957984881373营运资金变动-5611-159-2184-3126长期借款68820698207082082384经营活动现金流28679408404564255471其他长期负债41599414974150741517资本开支-24657-24244-21856-19866非流动负债合计110419111317112327123901投资-27729-3264-3191-3205负债合计181589188412192175205274投资活动现金流-50981-23533-20620.17929股本2633263326332633774000少数股东权益35513406814709755732327464209-15615822股东权益合计124455144656169077202689筹资活动现金流27258-7159-14976-8741负债和股东权益合计306044333068361252407963现金净流量6035101491004628801资料来源：公司公告、民生证券研究亮预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告