高端数控系统快速放量,智能产线海外订单取得突破

1 ◆ ◆ ◆ ◆ ◆ ◆ 资产负债表利润表会计年度202220232024E2025E2026E会计年度202220232024E2025E2026E货币资金5496936518831087营业收入16632115241232714027应收票据及账款9871195115714791710营业成本10971419161421262564预付账款124122132179221税金及附加99131822其他应收款65646690110销售费用167192205262302存货976901101713401616管理费用154171181245302其他流动资产3043415363研发费用243308338458564流动资产总计27313018306440244808财务费用2834455477长期股权投资2521201918资产减值损失-30 -59 -36 -49 -60 固定资产360507587620699信用减值损失-48 -32 -36 -49 -60 在建工程85236179229279其他经营损益00000无形资产276370362422513投资收益-2 1000长期待摊费用3734271520公允价值变动损益00000其他非流动资产222234301321370资产处置收益22111非流动资产合计10041403147716261898其他收益124134127127127资产总计37354421454056506706营业利润102874139205短期借款60556058212121790营业外收入73666应付票据及账款62980286211361370营业外支出31222其他流动负债424443525702855其他非经营损益00000流动负债合计16571805196830504015利润总额143178143210长期借款111500412334271所得税88353755其他非流动负债110240240240240净利润62344106155非流动负债合计221740652574511少数股东损益-11 -4 -26 -63 -92 负债合计18792545262136244526归属母公司净利润172770169247股本199199199199199EBITDA130168427587768资本公积11461136113611361136NOPLAT-28 -31 73142208留存收益302326395564811EPS(元)0.080.140.350.851.24归属母公司权益16461661173018992146少数股东权益21021518912734主要财务比率股东权益合计18561876192020252180会计年度202220232024E2025E2026E负债和股东权益合计37354421454056506706成长能力营收增长率1.8%27.1%14.1%35.6%23.1%现金流量表营业利润增长率-70.2%176.7%163.3%87.2%48.0%会计年度202220232024E2025E2026EEBIT增长率-36.8%53.3%90.1%60.6%45.0%税后经营利润623-55 756EBITDA增长率-9.9%29.4%154.4%37.6%30.8%折旧与摊销87103304390482归母净利润增长率-46.2%61.3%156.8%142.4%46.6%财务费用2834455477经营现金流增长率-114.6%770.5%126.4%-36.1%80.9%投资损失2-1 -0 -0 -0 盈利能力营运资金变动-233 4454-277 -193 毛利率34.1%32.9%33.1%35.0%36.3%其他经营现金流789132132132净利率0.4%1.1%1.8%3.2%3.9%经营性现金净流量-32 212479306554营业利润率0.6%1.3%3.1%4.2%5.1%资本支出392326370530740ROE1.0%1.6%4.0%8.9%11.5%长期投资-13 -11 000ROA0.4%0.6%1.5%3.0%3.7%其他投资现金流74-142 -40 -42 -47 ROIC-1.4%-1.3%2.6%4.9%5.9%投资性现金净流量-332 -479 -410 -572 -787 估值倍数短期借款179-44 21631578P/E359.7223.086.835.824.4长期借款2388-87 -78 -63 P/S3.62.92.51.81.5普通股增加00000P/B3.73.63.53.22.8资本公积增加-0 -10 000股息率0.00.00.00.00.0其他筹资现金流-92 6-45 -54 -77 EV/EBIT126.7127.758.538.928.3筹资性现金净流量89340-110 498438EV/EBITDA41.249.216.913.110.5现金流量净额-27573-42232204EV/NOPLAT-192.2-265.199.254.139.0