民生证券INSHENG SECURITIES云天化(600096)/基础化工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75313754827874982258成长能力(%)营业成本63100640676634968938营业收入增长率19.070.224.334.46营业税金及附九加714716747780EBT增长率59.51-5.209.898.24销售费用757759792827净利润增长率65.33-9.3312.379.18管理费用1032103410791127盈利能力(%)研发费用368275287299毛利率16.2215.1215.7516.19EBIT93128828970110501净利润率8.007.237.798.14财务费用1066660599595总资产收益率ROA11.319.1110.079.96资产减值损失-376-981-982-1015净资产收益率ROE36.7927.2825.0622.85投资收益543545568593偿债能力8560773186889485流动比率1.131.43170营业外收支-37000速动比率0.490.740.921.19利润总额8523773186889485现金比率0.320.580.730.99所得税1478138415551698资产负债率(%)63.5360.0451.7247.44净利润7046634771337787经营效率归属于母公司净利润6021546061356698应收账款周转天数7.207.20720EBITDA11586112681253713807存货周转天数46.0948.4348.4348.43总资产周转率1.421.331.30128资产负债表（百万元）2022A2023E2024E2025E每股指标（元）7444142691462120279每股收益3.282.983.343.65应收账款及票据2829289230173152每股净资产8.9210.9113.3515.98795807836869每股经营现金流5.755.376.006.617968850188049148每股股利1.000.911.021.11其他流动资产1714134813681410估值分析流动资产合计20749278172864634856PE6长期股权投资3223376843364929PB2.01.6131.1固定资产19627196492029320841EV/EBITDA4.114.233.803.45无形资产3870386638663866股息收益率(%)5.735.205.846.37非流动资产合计32473321113228232373资产合计53223599286092867230短期借款10045100451004510045现金流量表（百万元）2022A2023E2024E2025E应付账款及票据4029409142364402净利润7046634771337787其他流动负债93761043258166035折旧和摊销2273244028363306流动负债合计23450245682009720481营运资金变动-39-42-156-169长期借款8321931293129312经营活动现金流1055198431099712116其他长期负债2039210021002100资本开支-3979-2345-3330-3727非流动负债合计10360114121141211412投资-51-1300负债合计33810359803151031893投资活动现金流-3880-2194-3311-3727股本18351834183418340-100少数股东权益3048393649336022-53411763-48100股东权益合计19413239492941835336筹资活动现金流-8377-824-73342731负债和股东权益合计53223599286092867230现金净流量68253525658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