1 ◆ ◆ ◆ ◆ ◆ ◆ iFind 资产负债表利润表会计年度202120222023E2024E2025E会计年度202120222023E2024E2025E货币资金174289267285357营业收入11121205126915211882应收票据及账款230224213254312营业成本7867968269801202预付账款23223税金及附加8991113其他应收款34456销售费用1515202734存货161178192228280管理费用2426273745其他流动资产734694693694694研发费用4449537692流动资产总计13041391137214681652财务费用5-18 -1 -1 -1 长期股权投资120-0 -0 -1 资产减值损失-2 -3 -6 -6 -6 固定资产156170162203282信用减值损失-3 0-4 -5 -6 在建工程3893182204其他经营损益-0 -0 -0 -0 -0 无形资产2870687374投资收益6233301010长期待摊费用01000公允价值变动损益0-14 -221 -15 -15 其他非流动资产82131149154159资产处置收益00000非流动资产合计281380471610718其他收益55333资产总计15841771184320792370营业利润292348138379483短期借款00000营业外收入00000应付票据及账款165147145172194营业外支出00000其他流动负债77798298121其他非经营损益00000流动负债合计242226227270315利润总额292348138379483长期借款04332所得税3741174861其他非流动负债68888净利润254307120331422非流动负债合计612111111少数股东损益-0 -1 -0 -0 -0 负债合计248237239281326归属母公司净利润254308120331422股本230230230230230EBITDA318353206468604资本公积115115115115115NOPLAT208274341345436留存收益9921188125914531700EPS(元)1.111.340.521.441.84归属母公司权益13371533160317972045少数股东权益0110-0 主要财务比率股东权益合计13371534160417982045会计年度202120222023E2024E2025E负债和股东权益合计15841771184320792370成长能力营收增长率39.3%8.4%5.4%19.9%23.7%现金流量表营业利润增长率30.5%19.1%-60.4%174.7%27.5%会计年度202120222023E2024E2025EEBIT增长率29.8%11.2%-58.5%176.1%27.5%税后经营利润254307285333424EBITDA增长率27.9%11.1%-41.7%127.7%29.0%折旧与摊销21236990122归母净利润增长率31.5%21.0%-60.9%175.1%27.5%财务费用5-18 -1 -1 -1 经营现金流增长率34.1%45.7%37.6%10.0%23.5%投资损失-62 -33 -30 -10 -10 盈利能力营运资金变动-46 -38 -1 -36 -67 毛利率29.3%33.9%35.0%35.6%36.1%其他经营现金流516331313净利率22.9%25.5%9.5%21.7%22.4%经营性现金净流量177257354390481营业利润率26.3%28.9%10.9%24.9%25.7%资本支出1565155225225ROE19.0%20.1%7.5%18.4%20.6%长期投资-153 -5 000ROA16.1%17.4%6.5%15.9%17.8%其他投资现金流10930-172 -10 -10 ROIC48.0%59.0%60.0%51.8%50.3%投资性现金净流量-59 -40 -327 -235 -235 估值倍数短期借款00000P/E19.716.341.715.211.9长期借款04-0 -0 -1 P/S4.54.24.03.32.7普通股增加770000P/B3.83.33.12.82.5资本公积增加-76 0000股息率0.00.00.00.00.0其他筹资现金流-94 -118 -49 -136 -174 EV/EBIT12.914.429.810.88.4筹资性现金净流量-93 -115 -49 -137 -174 EV/EBITDA12.113.419.88.76.7现金流量净额22114-221872EV/NOPLAT18.417.312.011.89.3