附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E26023616432047325596360641185079598069516702116245429203385营业成本2424261731773699427812766172109217营业税金及附加1727303442其他应收款7101355373094511361342预付寒款3632524768131154198230264存货6166518879031168研发费用130137178209243其他流动资产1146745745745745-1610121410151257136614571558342820631611固定资产535726805881970-0无形资产2842932133535333242020其他非流动资产19022723724023603617487356856190715433448771181615362033255026863175营业外收入25220220220220220营业外支出6375应付票据及应付寒款12521433182719682422330455597708813其他流动负债284380504498533所得税4669931171341247489302216283504591679037289202少数股东损益0-0-00其他非流动负债12131328338650459168015482506293929883390EBITDA4285696107218280000EPS(元)1.822.483.79436股本1561561569519349349349342021A2022A2023E2024E2025E979127215931983243020692366274632023764营业收入%)-1.514.223.317.716.236174873568561907154향业利润(%)-35.845.822.918.814.9-33.836.330.517.314.932.836.437.438.138.47.99.49.99.99.82021A2022A2023E2024E2025EROE(%)13.716.318.418.518.1171613633869872ROIC(%)12.912.113.013.814.0净利润283504591679118139410942.851.451.748.347.4-1641214净负债比率%)32.3-60.664.2-72.3-76.1-33-2424-20-20流动比率1.81.71.8-28395818887速动比率1.21.41.31.41.4其他经营现金流1022342-312-169-170-1911.01.01.0资本支出42630319218821129.442.642.642.642.6-23222应付寒款周转率8.47.37.3737.3其他授资现金流120411211618-12762-127-232-2161.822.483233.794.360220001.103.934.065.575.590460-85-87-8613.2614.6517.0820.0023.600000170P/E41.030.123.019.617.1其他筹资现金流-2999-42-146-130P/B5.65.14.43.732-1541459337467464EV/EBITDA23.016.615.011.99.7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