浙商证券紫金矿业(601899)公司点评表附录：三大报表预测值资产负债表利润表(百万元)20222023E2024E2025E(百万元)20222023E2024E2025E79.644109,309157.038206.539270329311591338871374699现金20,24454,19982,351134.503营业成本2277842539522697142902515.0947.2479,39911.548营业税金及附加4268498555916745应收账项8,6467,58613,5169,755620686779974其它应收款3,6562,1554,1652,824管理货用6265728579638918预付账款3,7954.2314,4944.8361232124613551873存货28.10424,75531,38529.030财务货用1905483151845790其他10,1059,13411,72914.043(79)(66)非流动资产226.,400255.654290,405320,317公允价值变动损益(255)(11)10.54611.70712,82113.959投资净收益2874282733393546长期投资25.06731,11437.16243,209其他经营收益48562367874972,74681,13290,55497,36630946420135227764395无形资产68.28082.98697.692112,397营业外收支(953)(953)(1392)(1392)在建工程21,86723,37124,87629993410605088563004其他27.89425.34427.30127.005所得税522678781017713861306,044364,963447.443526,8562476733182407084914371,17079,83493.958101,8374725648978649552短期借款23,66629,10434,54139,97820042266933284439591应付款项13,49310,28714.96912.210EBITDA4046555895679808161489102111123EPS(最新摊薄)0.761.011.251.50其他33,92240,34144,33749.526110,419128,952155,900178,641主要财务比率长期借款68.82088.688114.968138.04320222023E2024E2025E其他41.59940.26440.93240.598成长能力181.589208,786249,859280,478营业收入20.09%15.26%8.76%10.57%少数殿东权益35,51342.00249,86659.418营业利润23.36%35.76%24.43%23.18%归属母公司殷东权88,943114,174147,719186.960归属母公司净利润27.88%33.19%23.05%20.54%306,044364,963447.443526,856装利能力毛利率15.74%18.50%20.41%22.54%现金流量表净利率7.41%8.57%9.69%10.57%20222023E2024E2025EROE22.53%23.38%22.23%21.18%28.67956,24751,13776.665ROIC10.06%11.61%11.42%11.39%净利润24,76733.18240,70849.14310,16811.83413.83514.92659.33%57.21%55.84%53.24%财务货用2.2275,4386,8108.261145.91%133.69%126.46%113.84%投资损失(3,339)(3,546)流动比率1.121.371.672.03营运资金变动(5,611)8.032(8.496)6,544速动比率0.570.891.161.56其它1.0695871.619(50,981)(41,228)(48,902)(44,833)总资产周转率1.050.930.830.77(24.657(37,351)(40,805)(39,308)应收账款周转率52.1852.1852.1852.18长期投资(15,439)(9,568)(9,493)(9,527)应付账款周转率23.7323.7323.7323.73其他(10,885)5,69227.25818.93725,91720,3200.761.011.251.50短期借款5,4375.4375.4375,4371.092.141.942.91长期借款32.69319,86826,28123,0743.384.345.617.10其他(10,872)(6,369)(5,801)6.03533.95628,15252,152P/E16.2212.189.908.21P/B3.662.852.201.74EV/EBITDA9.087.546.244.91http://www.stocke.com.cn请务必阅读正文之后的免责条款部分