德邦证券公司点评联泓浙科(003022.SZ)财务报表分析和预测20222023E2024E2025E20222023E2024E2025E每股指标（元）营业总收入8,1578,2119,77811,3930.650.841.111.34营业成本6,5086,0247,1498,3125.196.047.148.4920.2%26.6%26.9%27.0%每股经营现金流0.991.231.940.775974106114每股股利0.000.000.000.00营业税金率%0.7%0.9%1.1%1.0%价值评估（倍）营业货用48558386P/E46.6933.1725.1620.780.6%0.7%0.8%0.8%P/B5.844.623.913.29411404479564P/S4.574.543.813.275.0%4.9%4.9%5.0%EV/EBITDA27.8128.1120.2517.57331392425523股息率%0.0%0.0%0.0%0.0%41%4.8%4.3%4.6%盈利能力指标(%)EBIT9731,3641,7312,00420.2%26.6%26.9%27.0%1161151378610.7%13.9%15.3%15.9%1.4%1.4%1.4%0.8%12.5%13.9%15.5%15.8%资产减值损失-12006.2%7.8%8.5%9.8%213-6授资回报率8.0%10.0%11.3%11.8%营业利润8601.2561,6201,922营业外收支-20营业收入增长率7.6%0.7%19.1%16.5%8581,2561,6201.922-27.7%40.2%26.9%15.8%EBITDA1,5531,3691,7802,009净利润增长率-20.6%29.7%31.9%21.0%所得税-16116120107偿债能力指标有效所得税率%-1.9%9.2%7.4%5.5%资产负债率47.5%40.6%42.2%35.6%少数股东损益8171922流动比率1.10.91.21.6归属母公司所有者净利润8661,1241,4821,794速动比率0.80.71.01.4现金比率0.70.60.91.320222023E2024E2025E经营效率指标货币资金2,4132,6275,3906,2537.88.28.08.0201453333561存货周转天数34.932.733.233.6存货6624328886640.60.60.60.6422431396502固定资产周转率1.11.11.31.5流动资产合计3,6983,9427,0077,979313131固定资产7,7007,7457,7887,828在建工程99194189484920222023E2024E2025E无形资产1,2071,2371,1921,242净利润8661,1241,4821,794非流动资产合计10,35710,38210,33210,378少数股东损益8171922资产总计14,05414,32417,34018,357非现金支出59654942,0152,3602,7052,801127168176217应付票据及应付寒款812451,090303-281336868-1,0032000经营活动现金流1,3161,6492,5941,034其它流动负债6581,8121,9371,831资产-1,782211441流动负债合计3,5044,2175,7324,935180002,6301,0471,0471,047其他313-6其它长期负债547547547547-1,7982647非流动负债合计3,1771,5941,5941,5941,685-1,23834596负债总计6,6815,8107,3266,5281390001,3361,3361,3361,336其他-1,267-175-203-2206,9368,0609,54211,336557-1,413143-124437454472494现金净流量762142,763862负债和所有者杖益合计14,05414,32417,34018,357备注：表中计算估值指标的收盘价日期为4月6日请务必阅读正文之后的信息被露和法律声明