附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E2874373044435401674236494351527563317560现金9371601234831324282营业成本10251214144017122022732728513753621营业税金及附加617388105125其他应收款1210191426营业费用15831868226826913213预付寒款32615785162190227269318存货3383434577674996067128551021其他流动资产9879559639628-9031443066310731053055资产减值损失-1444344239384024502409248225192511公允价值变动收益000无形资产4343983643192744其他非流动资产2562552572632631601867975518506979835145590714531781211624042882营业外收入132235000营业外支出2312105应付票据及应付寒款360373593621874328446578741904其他流动负债8591408152317832008所得税442974909281324442549667813000049其他非流动负债9281818132143453965680015451862219724852963EBITDA505591689841984168180189200214EPS(元)0550.740.921.121.37585585585585172989898982021A2022A2023E2024E2025E3720413646855352616543044754516558216621营业收入%)20.319.221.220.019.460186796755185069798향业利润(%)-0.129.628.727.121.921.935.524.221.621.971.972.172.773.073.38910.210.410.510.82021A2022A2023E2024E2025EROE(%)7.39010.211.111.990899610809571284ROIC(%)6.78.29.410.110.7净利润32442549667813191193169180190资产负债率%)25.727.429.230.2800-13.6-30.842.3-50.761.5授资损失44444流动比率2.02.12.22.3营运资金变动385361368115286速动比率1.71.82.02.0其他经营现金流412-1-1-297-164-205-172-135总资产周转率0.60.70.70.80.8172211211178140436.010.011.0-15800应付寒款周转率3.63.63.53.43.3其他授资现金流336443-16800.550.740.921.12137-254-235001.551.701.851.6422000007368138.849.961132普通股增加000资本公机增加3-74000P/E38.528.422.915.4-187148-1290P/B2.92.62.42.11.91696647467851149EV/EBITDA23.218.314.611.1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