疫情反复难抑业绩增长趋势，行业高景气持续驱动公司成长

1 ◆ ◆ ◆ ◆ ◆ ◆ ◆ 报表预测单位:百万元会计年度2019202020212022E2023E2024E利润表 营业收入9,990.1011,912.4115,000.8118,596.4823,292.1929,582.94 减: 营业成本5,064.555,833.837,211.898,973.3611,295.8614,458.93 税金及附加22.1930.4141.3251.2264.1581.48 主营业务利润4,903.366,048.177,747.619,571.9011,932.1815,042.53 减: 销售费用1,048.541,066.461,446.861,803.862,270.992,899.13 管理费用1,305.021,425.461,957.762,417.543,051.283,904.95 研发费用152.31164.25222.55297.54388.98502.91 财务费用75.5390.35106.44187.40146.3538.89 经营性利润2,321.963,301.654,013.994,865.566,074.587,696.66 加: 资产减值损失-314.14 -362.81 -217.21 -420.90 -494.24 -608.44 信用减值损失-65.81 -94.02 -99.75 -130.98 -164.06 -208.36 其他经营损益0.00-0.00 0.000.000.000.00 投资收益113.41159.04141.12141.12141.11141.11 公允价值变动损益-56.41 -380.41 -448.39 0.000.000.00 资产处置收益-0.97 0.930.050.180.260.20 其他收益23.8249.80104.2072.6779.3781.27 营业利润2,021.842,674.183,494.004,527.645,637.017,102.43 加: 其他非经营损益0.000.000.000.000.000.00 营业外收入8.0314.8415.7114.1414.7814.72 减: 营业外支出189.64325.74361.96321.16335.52335.14 利润总额1,840.242,363.273,147.754,220.625,316.276,782.01 减: 所得税409.08486.11677.85908.891,144.831,460.47 净利润1,431.161,877.172,469.903,311.734,171.445,321.54 减: 少数股东损益52.24153.36146.56208.59270.68337.01 归属母公司股东净利润1,378.921,723.812,323.343,103.143,900.764,984.53资产负债表 货币资金1,840.183,063.114,402.327,438.599,316.8712,716.60 交易性金融资产300.00300.00300.00300.00300.00300.00 应收票据0.000.000.000.000.000.00 应收账款1,179.881,416.381,515.742,095.512,624.633,333.49 预付账款101.99139.3178.66168.28210.78267.70 其他应收款194.65185.75268.44328.37411.28522.36 存货374.21494.56571.33711.54895.701,146.52 其他流动资产36.1646.3778.8679.1599.14125.91 长期股权投资0.960.830.740.680.610.55 金融资产投资1,754.161,755.811,464.881,464.881,464.881,464.88 投资性房地产0.000.000.000.000.000.00 固定资产和在建工程2,125.752,759.876,554.836,393.165,936.985,260.16 无形资产和开发支出3,193.044,423.905,068.754,943.514,818.274,693.03 其他非流动资产793.76954.681,544.471,030.79517.11517.11 资产总计11,894.7515,540.5921,849.0124,954.4626,596.2530,348.32 短期借款580.00487.10671.432,767.801,023.390.00 交易性金融负债0.4765.345.615.615.615.61 应付票据0.000.000.000.000.000.00 应付账款1,091.681,453.981,379.921,962.552,470.503,162.29 预收账款151.450.000.0093.98117.70149.49 合同负债0.00161.46197.66165.70207.54263.59 其他应付款745.62953.212,371.771,912.782,407.853,082.10 长期借款1,635.711,381.963,154.522,342.961,501.07774.73 其他负债667.10385.371,844.021,175.651,431.261,777.35 负债合计4,872.024,888.429,624.9410,427.029,164.929,215.17 股本3,097.814,121.525,406.115,406.115,406.115,406.11 资本公积561.302,376.922,212.722,212.722,212.722,212.72 留存收益2,934.933,355.453,690.915,785.698,418.9011,783.72 归属母公司股东权益6,594.049,853.8811,309.7413,404.5216,037.7319,402.55 少数股东权益428.69798.30914.331,122.921,393.601,730.61 股东权益合计7,022.7310,652.1812,224.0714,527.4417,431.3321,133.15 负债和股东权益合计11,894.7515,540.5921,849.0124,954.4626,596.2530,348.32 投入资本(IC)7,184.7510,530.7614,290.7417,878.9218,196.5119,265.19现金流量表 资本支出682.501,079.211,471.84800.00600.00500.00 自由现金流1,344.151,429.753,889.581,775.394,289.114,603.54 短期借款增加300.00-92.90 184.342,096.37-1,744.42 -1,023.39 长期带息债务增加315.73-253.75 1,772.56-811.56 -841.89 -726.34 股权筹资额0.000.000.00 支付普通股股利464.67618.23648.731,008.361,267.551,619.72 长期投资-1,019.41 -168.90 -1,026.69 161.22162.71162.24 经营性现金净流量2,078.433,343.613,621.623,585.836,315.517,145.61 投资性现金净流量-1,759.10 -1,057.16 -2,514.41 -638.61 -437.03 -337.56 筹资性现金净流量164.41-851.62 -239.62 89.05-4,000.21 -3,408.33 现金流量净额487.881,424.91877.993,036.281,878.283,399.72 货币资金的期初余额1,095.961,583.833,008.744,402.327,438.599,316.87 货币资金的期末余额1,840.183,063.114,402.327,438.599,316.8712,716.60 企业自由现金流1,344.151,429.753,889.581,775.394,289.114,603.54 权益自由现金流1,901.141,011.335,762.952,913.161,587.972,823.30