民生证券INSHENG SECURITIES海利得(002206)基础化工公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入5512615667137212成长能力(%)营业成本4597505254345833营业收入增长率8.7711.689.057.43营业税金及附加3237EBT增长率-34.4744.2224.367.11销售费用47433436净利润增长率42.2439.9829.188.45管理费用162160168188盈利能力(%)研发费用214240261281毛利率16.6017.9419.0619.12EBIT431622774829净利润率6.027.558.959.03财务费用74939087总资产收益率ROA4.445.887.25749资产减值损失-25-28-30-32净资产收益率ROE9.4412.2114.4214.48投资收益171偿债能力385531686744流动比率1.111.201.31141营业外收支-5000速动比率0.760.830.920.99利润总额379531686744现金比率0.500.550.610.67所得税45638288资产负债率(%)529151.6949.5648.09净利润334468604655经营效率归属于母公司净利润332465601651应收账款周转天数49.6651.0951.0951.09EBITDA791103012401339存货周转天数86.5986.5986.5986.59总资产周转率0.760.800.830.85资产负债表（百万元）2022A2023E2024E2025E每股指标（元）1670190621382399每股收益0.280.400.510.56应收账款及票据83293210171092每股净资产3.013.263.573.8592112120129每股经营现金流0.680.750.890.981091117112591352每股股利0.150.210.270.29其他流动资产39464952估值分析流动资产合计3724416745835024PE211511长期股权投资0000PB2.01.81.5固定资产2880321731803155EV/EBITDA10.507.836.285.62无形资产254254255255股息收益率(%)2.533.534.574.95非流动资产合计3761373436973675资产合计7485790182818698短期借款2436243624362436现金流量表（百万元）2022A2023E2024E2025E应付账款及票据600659709761净利润334468604655其他流动负债314378348374折旧和摊销360408466510流动负债合计3350347234933570营运资金变动-11-133-163-159长期借款550550550550经营活动现金流79987610421142其他长期负债61626263资本开支-289-351-397-453非流动负债合计611611611613投资000负债合计3961408441044183投资活动现金流-438-396.452股本11681168116811680000少数股东权益6913174210-540股东权益合计3525381741774515筹资活动现金流115-289负债和股东权益合计7485790182818698现金净流量528236232261资料来源：公司公告、民生证券研究亮预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告