1 ◆ ◆ ◆ ◆ WIND WIND WIND WIND WIND WIND 7.56%12.60%13.14%18.25%18.88%0%2%4%6%8%10%12%14%16%18%20%0.0010.0020.0030.0040.0050.0060.002018201920202021202219.15%8.47%30.68%30.67%41.18%0%5%10%15%20%25%30%35%40%45%0.001.002.003.004.005.006.007.008.002017201820192020202127.30%25.82%29.04%28.24%27.76%9.37%8.49%10.62%12.39%14.01%0.00%10.00%20.00%30.00%40.00%201820192020202120220.02 0.11 0.09 0.00 -0.49 0.21 0.32 0.25 0.29 0.50 2.96 3.12 3.83 3.55 4.17 -1.000.001.002.003.004.005.00201820192020202120227.81%25.96%7.03%4.09%21.6...0%5%10%15%20%25%30%0.000.200.400.600.801.001.201.401.601.802.0020182019202020212022 IFIND 报表预测单位:百万元会计年度2020202120222023E2024E2025E利润表 营业收入3,498.724,156.784,941.646,151.517,532.889,131.32 减: 营业成本2,482.842,982.823,569.654,420.335,358.636,490.61 税金及附加12.1513.4522.0022.6728.3136.08 主营业务利润1,003.731,160.501,349.981,708.512,145.932,604.64 减: 销售费用24.6429.1850.0551.8769.6280.61 管理费用382.79355.27417.36492.12587.56703.11 研发费用145.93151.89184.75227.37280.02338.47 财务费用9.050.22-49.26 -12.11 -14.21 -16.08 经营性利润441.32623.93747.09949.261,222.941,498.52 加: 资产减值损失-70.08 -41.62 -54.11 -79.96 -84.77 -106.84 信用减值损失-2.98 -12.99 -3.15 -7.34 -10.05 -9.17 其他经营损益-0.00 -0.00 0.00-0.00 -0.00 -0.00 投资收益1.600.0074.5687.3925.3925.39 公允价值变动损益0.000.000.000.000.000.00 资产处置收益0.000.070.120.060.060.06 其他收益69.3030.9226.9242.3842.3842.38 营业利润439.16600.31791.42991.791,195.951,450.34 加: 其他非经营损益0.000.000.000.000.000.00 营业外收入4.192.696.874.584.584.58 减: 营业外支出3.367.303.814.824.824.82 利润总额439.99595.70794.49991.551,195.711,450.10 减: 所得税68.4580.71102.23130.92155.86190.24 净利润371.53515.00692.25860.631,039.851,259.86 减: 少数股东损益3.9527.383.8619.9024.0529.14 归属母公司股东净利润367.58487.61688.40840.731,015.801,230.73资产负债表 货币资金1,811.482,849.073,502.714,151.384,328.785,059.21 交易性金融资产0.002,600.00400.00400.00400.00400.00 应收票据1,679.752,756.542,758.093,488.684,272.105,178.62 应收账款1,024.00836.511,088.401,464.411,793.252,173.77 预付账款38.9746.6259.6170.5786.42104.76 其他应收款1.906.033.415.506.748.17 存货993.061,097.571,364.151,694.592,054.302,488.25 其他流动资产15.7033.721,733.38745.09912.411,106.02 长期股权投资0.000.000.0062.0062.0062.00 金融资产投资0.000.000.000.000.000.00 投资性房地产0.000.000.000.000.000.00 固定资产和在建工程2,446.012,843.172,804.992,990.282,890.352,283.54 无形资产和开发支出532.56792.98816.96680.80544.64408.48 其他非流动资产284.17313.37500.04498.88497.72497.72 资产总计8,827.6114,175.5715,031.7516,252.1817,848.7019,770.54 短期借款230.50170.5020.500.000.000.00 交易性金融负债0.000.000.000.000.000.00 应付票据521.25594.27814.06938.911,138.211,378.66 应付账款523.11618.79849.47966.751,171.961,419.53 预收账款0.000.000.000.000.000.00 合同负债96.65870.31594.23732.53897.031,087.37 其他应付款214.72227.60250.85343.40416.29504.23 长期借款0.0031.5519.0815.4210.573.79 其他负债832.08979.93996.50980.79989.00998.79 负债合计2,418.323,492.963,544.693,977.804,623.065,392.37 股本1,145.641,315.181,315.181,315.181,315.181,315.18 资本公积2,758.076,684.206,683.266,683.266,683.266,683.26 留存收益2,098.882,540.913,169.133,936.544,863.755,987.15 归属母公司股东权益6,002.5910,540.3011,167.5711,934.9812,862.1913,985.59 少数股东权益406.70142.31319.49339.40363.44392.58 股东权益合计6,409.2910,682.6111,487.0612,274.3713,225.6414,378.17 负债和股东权益合计8,827.6114,175.5715,031.7516,252.1817,848.7019,770.54 投入资本(IC)5,178.185,851.278,118.098,353.579,260.719,835.88现金流量表 经营性现金净流量405.31876.44769.211,425.69740.00811.88 投资性现金净流量-421.36 -3,302.56 -106.35 -691.66 -483.36 16.58 筹资性现金净流量-56.08 3,442.68-36.79 -85.36 -79.23 -98.03 现金流量净额-79.74 1,012.71633.89648.66177.40730.43