附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E8644653667296770757174441026613189167812118335441497332927373090营业成本4765649883671063713447122918820营业税金及附加4467107135其他应收款11695176168266156230277336402预付寒款233940598671498189924003008存货6801041117516431920研发费用152282343420487其他流动资产305019972010218222362317720652974613957158691796620425-50045363082699611795959固定资产4066584375149309113421206868无形资产6938038749451027308191133162其他非流动资产45346681665567156877-218389204932259824736279961914169023223086408829823912457549405615营业外收入63000422663663663740营业外支出92700应付票据及应付寒款3164060019111666232230864088其他流动负债22452843391342774875所得税291314367486671511257405228467041271620135219542600341744234454394233842841少数股东损益412246-57其他非流动负债68912861286128612861661137520012657349280949653980496109743EBITDA2607316641115356166291245188113EPS(元)1391.151.682232.93股本7941191119111911191600852545254525452542021A2022A2023E2024E2025E3554457462178442114171012910549125501493918141营业收入%)45.037.928.527.226.2负债和股东杖益1838920493225982473627996향业利润(%)44.6-11.737.432.932.541.7-17.245.632.831.436.036.736.636.636.521.813.214.815.516.12021A2022A2023E2024E2025EROE(%)15.712.515317.218.720582143419430314310ROIC(%)18.712.315.717.319.5净利润16201352195426003417484631735952120744.047.143.438.834.81720652-98净负债比率%)16.438.017.610.9-308-75-191-133-162流动比率2.9141.31211555-37612速动比率2.21.21.00.80.8其他经营现金流117425-65-66-5258-2209-2391-2851-34370.50.50.70.8资本支出209329502451287934826.56.60.00.00.020201699-196-170-183应付寒款周转率18.818.041.20.00.0其他授资现金流-11459582571982283661-1417287725971391.151.682232.93442410771.731.803.522.543.62402831512-5428.348.6910.3712.3715.06039700020-75400P/E40.949.434.025.619.5其他筹资现金流-391-1332540-213-132P/B6.86.65.54.63.8416-14101831275EV/EBITDA26.227.722.117.012.9数据来源：聚源、开源证券研究所请务必参阅正文后面的信息被露和法律声明