环试服务占比进一步提升，三季度净利率创同期新高

1 ◆ ◆ ◆ ◆ ◆ 1501.64 1847.02 2234.89 2681.87 26.74%23.00%21.00%20.00%190.03 256.52 330.31 418.18 53.98%34.99%28.77%26.60%0.51 0.69 0.89 1.13 ◆ Wind Wind Wind Wind Wind Wind iFind 利润表20212022E2023E2024E资产负债表20212022E2023E2024E营业收入1501.641847.022234.892681.87货币资金1004.79738.81893.961072.75营业成本810.05976.151154.551355.42应收票据及账款686.40832.951007.871209.44税金及附加5.828.6810.5012.60预付账款100.33154.21186.60223.92销售费用96.38120.43145.72174.86其他应收款14.7623.6828.6634.39管理费用185.78245.44296.99356.38存货353.02421.56498.61585.35研发费用116.84144.07175.44211.87其他流动资产57.6278.8495.40114.48财务费用45.6415.3612.5210.00长期股权投资12.9112.9112.9112.91资产减值损失0.31-0.03-0.04-0.05固定资产1086.521138.981155.091149.99信用减值损失-22.13-29.37-35.53-42.64在建工程134.05130.00140.00155.00其他经营损益0.000.000.000.00无形资产127.66123.05133.86145.91投资收益-1.250.420.420.42长期待摊费用90.3572.2854.2136.14公允价值变动损益0.000.000.000.00其他非流动资产102.89122.89125.39132.89资产处置收益-1.54-0.97-0.97-0.97资产总计3771.313850.164332.544873.16其他收益29.6428.6628.6628.66短期借款547.02299.27407.77210.16营业利润246.18335.60431.71546.16应付票据及账款275.00347.24410.69482.15营业外收入0.130.130.130.13其他流动负债480.54607.38729.34868.90营业外支出0.171.621.621.62流动负债合计1302.551253.891547.811561.21其他非经营损益0.000.000.000.00长期借款605.66494.25265.26265.26利润总额246.14334.11430.22544.67其他非流动负债13.8313.8313.8313.83所得税25.2635.3245.4757.57非流动负债合计619.49508.08279.09279.09净利润220.88298.80384.75487.10负债合计1922.041761.961826.901840.30少数股东损益30.8542.2854.4468.92股本284.58369.97375.29380.61归属母公司股东净利润190.03256.52330.31418.18资本公积759.27674.06778.74911.42现金流量表20212022E2023E2024E留存收益669.59866.071119.071439.38经营性现金净流量222.65471.75583.83719.64归属母公司权益1713.441910.102273.102731.41投资性现金净流量-338.87-303.37-328.37-373.37少数股东权益135.82178.10232.54301.45筹资性现金净流量660.33-434.37-100.32-167.48股东权益合计1849.272088.202505.643032.86现金流量净额544.52-265.99155.15178.79负债和股东权益合计3771.313850.164332.544873.16