浙商证券小熊电器(002959)公司点评表附录：三大报表预测值资产负债表利润表(百万元)20222023E2024E2025E(百万元)20222023E2024E2025E36164119461756984118474654676290现金2116214525753553营业成本26172941332837777301009945895营业税金及附加27313642应收账项6617321125673086010101181其它应收款10管理货用154183210243预付账款32424651137161188219存货651704797904财务货用(4)4(14)其他15383529(25)(38)1257125012871252公允价值变动损益0000000投资净收益2442424长期投资其他经营收益303030726779792734487591721859无形资产299325347368营业外收支()(1)在建工程113596060455590720858其他1158284所得税6989109130487353695904694938656117282033214823022650短期借款220200140187386501611728应付款项1433157817762036EBITDA56778296311500000EPS(最新摊薄)2.473.203.904.65其他380370386427474413301396主要财务比率长期借款3320222023E2024E2025E其他471409297392成长能力2506256026023046营业收入14.18%15.26%15.19%15.06%少数殿东权益0000营业利润45.82%21.39%22.03%19.12%2366280933023904归属母公司净利润36.31%29.64%22.05%19.14%4873536959046949毛利率36.45%38.03%39.12%39.96%现金流量表净利率9.37%10.55%11.18%11.58%(百万元)20222023E2024E2025EROE17.42%19.35%20.00%20.21%6136419151149ROIC14.15%16.58%17.45%17.37%净利润38650161172813319225231051.43%47.68%44.07%43.83%财务货用4)(6)(14)8.94%7.95%5.52%6.25%投资损失(2424)流动比率1.781.922.012.15营运资金变动37922207296速动比率1.461.591.661.81其它258)(54)(127(148)85(472)(199(200)总资产周转率0.970.930.970.98(196)(173)应收账款周转率426547.7439.5143.10长期投资00应付账款周转率7.277.507.897.62其他279(300)4530762(139)(287302.473.203.904.65短期借款22020)(603.924.095.847.34长期借款300015.1717.9421.0924.93其他538(119)(227146029430979P/E29.1222.4618.4015.45P/B4.744.003.412.88EV/EBITDA11.9810.638.196.09http://www.stocke.com.cn2/3请务必阅读正文之后的免责条款部分