民生证券INSHENG SECURITIES盐津铺子(002847)/食品饮料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2894394050686381成长能力(%)营业成本1889249932024016营业收入增长率26.8336.1828.6225.91营业税金及附九加28395164EBT增长率88.2770.7930.54销售费用457611786957净利润增长率100.0169.0632.2033.40管理费用131197253319盈利能力(%)研发费用7499127160毛利率34.7236.5836.8137.06EBIT3586117981052净利润率10.4212.9413.3014.09财务费用9282929总资产收益率ROA12.2814.3315.5717.16资产减值损失0000净资产收益率ROE26.5735.2237.553973投资收益000偿债能力3415717531004流动比率0.921.041.12122营业外收支速动比率0.340.670.800.88利润总额3335677491000现金比率0.180.480.590.66所得税3175100资产负债率(%)53.2358.9258.2256.54净利润302510674900经营效率归属于母公司净利润301510674899应收账款周转天数20.3632.0032.0032.00EBITDA49877510171331存货周转天数87.6270.0064.0064.00总资产周转率1281.311.29133资产负债表（百万元）2022A2023E2024E2025E每股指标（元）20387413181759每股收益2.603.434.58应收账款及票据169343441555每股净资产5.787.389.1511.53118102128161每股经营现金流2.174.985.256.61453479561704每股股利0.981.662.204.06其他流动资产1091115256估值分析流动资产合计1053190925003235PE532418长期股权投资0000PB14.011.08.870固定资产941115313441532EV/EBITDA32.7020.6015.411151无形资产200238266291股息收益率(%)1222.062.725.02非流动资产合计1402164718282004资产合计2455355643295240短期借款472722842922现金流量表（百万元）2022A2023E2024E2025E应付账款及票据277411518649净利润302510674900其他流动负债3946978661077折旧和摊销140164219279流动负债合计1142182922252648营运资金变动-342497345长期借款137237267287经营活动现金流42697710291296其他长期负债27292928资本开支-260-391-418-476非流动负债合计164266295315投资0000负债合计1307209525202963投资活动现金流-251.426-476股本1291961961966-500少数股东权益1314141585350138100股东权益合计1148146118082277筹资活动现金流-97120-231负债和股东权益合计2455355643295240现金净流量77671444442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