民生证券NSHENG SECURITIES紫燕食品(603057)/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3603433152826114成长能力(%)营业成本3027346642134876营业收入增长率16.5120.2121.9815.74营业税金及附九加31435361EBT增长率-38.2695.2024.7915.72销售费用137152185214净利润增长率-322877.0024.6515.59管理费用166195238275盈利能力(%)研发费用891112毛利率15.9819.9820.2520.24EBIT261510636736净利润率6.169.079.279.25财务费用-5-8总资产收益率ROA8.0813.0015.7818.14资产减值损失00净资产收益率ROE10.9618.6223.8729.24投资收益000偿债能力281515644744流动比率2.682.342.08183营业外收支200速动比率1.891.631.38利润总额283517644744现金比率0.991.050.900.74所得税68124155179资产负债率(%)26.5230.4834.1638.22净利润216393489566经营效率归属于母公司净利润222393489566应收账款周转天数8.278.008.008.00EBITDA364624768881存货周转天数19.6518.0018.0018.00总资产周转率1.521.501.731.97资产负债表（百万元）2022A2023E2024E2025E每股指标（元）530767784740每股收益0.540.951.19137应收账款及票据8295116134每股净资产4.915.124.984.7082104126146每股经营现金流0.851.581.68188163171208240每股股利0.751.331.65191其他流动资产572572574576估值分析流动资产合计1428170818081837PE45252018长期股权投资28282828PB4.94.74.95.1固定资产1024102410221013EV/EBITDA26.5115.4912.5810.96无形资产93928987股息收益率(%)3.105.496.857.91非流动资产合计1316131312951282资产合计2744302131023118短期借款0000现金流量表（百万元）2022A2023E2024E2025E应付账款及票据158190231267净利润216393489566其他流动负债374539640739折旧和摊销103114132145流动负债合计5327298711006营运资金变动411547062长期借款000经营活动现金流351652693774其他长期负债195192189185资本开支-56-94-104-120非流动负债合计195192189185投资-497700负债合计72892110601192投资活动现金流-552-93股本412412412412604000少数股东权益-8-800-110股东权益合计2017210020431927筹资活动现金流486-572-699负债和股东权益合计2744302131023118现金净流量285238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