浙商证券海信家电(000921)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)20222023E2024E2025E366294902157153663787411581862880029425现金6001158002194030740营业成本587836361367836724566758500257955852营业税金及附加479522581625应收账项78101047310791111098071826886248999其它应收款322477442480管理货用1821196521122273预付账款262359373377研发货用2289229224642652存货6553813989308962财务货用(182)(82)(220)(371)其他892287718882885942682(62)191非流动资产18746156511633816230公允价值变动损益232323230000投资净收益513513513513长期投资1518115913711350其他经营收益4043974054025318520450784920营业利润3367613476078837无形资产1460132511881051营业外收支457457457457在建工程5255025084323824659080649293其他99267461819284767551259157318085537664673734913069533164917486363654114043061446931634283934563986短期借款1462144819231611归属公司利测1435249230353500应付款项21040271172744128710 EBITDA50657116849696240000EPS(最新摊薄)1.051.832.232.57其他138631257513697143722732192323292328主要财务比率长期借款2020202020222023E2024E2025E其他2712190323092308成长能力39097430634539047021营业收入9.70%10.45%7.50%7.64%少数殿东权益476175991105615042营业利润21.08%82.16%24.03%16.16%11518140101704520545归属母公司净利润47.54%73.69%21.77%15.32%553766467373491毛利率20.699%22.29%22.92%23.51%现金流量表净利率4.14%6.51%7.38%7.90%(百万元)20222023E2024E2025EROE9.00%13.16%12.21%10.99%4032679668278384ROIC21.48%32.59%31.90%31.36%净利润3069533164917486125760662162870.60%66.59%61.76%56.92%财务货用(182)(82)(220)(371)净负债比率4.16%3.68%4.60%3.75%投资损失(513)(513)(513)(513)流动比率1.011.191.331.49营运资金变动641112018221255速动比率0.830.991.121.28其它(240)334(1374)(2598)3012(1420)357总资产周转率1.361.271.21(202)(233)(132)应收账款周转率9.039.238.588.87长期投资407(253)33应付账款周转率5.475.775.355.50其他(2553)2807(933)(1779)(8)732601.051.832.232.57短期借款(1397)(14)475(312)2.964.995.016.15长期借款008.4510.2812.5115.08其他(369)6256(344)979961398801P/E23.7613.6811.249.74P/B2.962.432.001.66EV/EBITDA2.003.242.381.57http://www.stocke.com.cn请务必阅读正文之后的免责条款部分