德邦证券公司点评科思股份(300856.SZ)财务报表分析和预测20222023E2024E2025E20222023E2024E2025E每股指标（元）营业总收入1,7652,2922.9743,8142.292.763.504.39营业成本1,1181,4901.95011.4913.0715.2818.19毛利率%36.7%35.0%34.4%34.1%1.703.361.204.59营业税金及附加13182431每股股利1.001.181.301.480.7%0.8%0.8%0.8%价值评估倍)营业货用17233038P/E22.7519.5915.4412.331.0%1.0%1.0%1.0%P/B4.544.143.542.98106149193248P/S5.194.003.082.406.0%6.5%6.5%6.5%EV/EBITDA15.7114.0711.639.03801031341721.9%2.2%2.4%4.6%4.5%4.5%4.5%EBIT432521658830毛利率36.7%35.0%34.4%34.1%-26-11-14净利润率22.0%20.4%20.0%19.5%-1.5%-0.5%-0.5%-0.3%20.0%21.1%22.9%24.1%资产减值损失000017.1%17.3%19.1%19.4%233038授资回报率18.6%20.0%21.6%22.9%营业利润464554702878盈利增长(%)营业外收支-24461.8%29.9%29.7%28.2%461550698874187.2%20.6%26.5%26.1%EBITDA527601747926192.1%20.5%26.9%25.2%所得税7383105131偿债能力指标有效所得税率%15.9%15.0%15.0%15.0%资产负债率14.3%17.9%16.9%19.6%0000流动比率4.73.74.13.7归属母公司所有者净利润3884685937432.92.42.42.3现金比率1.91.61.01.120222023E2024E2025E经营效率指标货币资金544703482812应收帐款周转天数46.648.055.060.0291320589683存货周转天数127.2120.0120.0120.04545407609160.80.91.01.0其它流动资产4296150206固定资产周转率2.63.24.04.9流动资产合计1.6581.9812.6170000固定资产672714749777在建工程6210715219720222023E2024E2025E无形资产90102114126净利润388468593743非流动资产合计9391.0381.130少数股东损益0000资产总计2.2712.6973,1113,832非现金支出10281880000非经营收益9-19-2634应付票据及应付寒款192346358550-194.4530000经营活动现金流287569203776其它流动负债96125161资产261-184-184-184流动负债合计284442483711授资33050-50-500000其他6233038其它长期负债414175-211204-196非流动负债合计4141140000负债总计325484527520000169169169169其他39-200-220-2501,9452,5873.080融资活动现金流39-200-220-250少数股东杖益0000现金净流量332158-221330负债和所有者权益合计2,2712.6973.1113,832备注：表中计算估值指标的收盘价日期为4月19日资料来源：公司年报(2021-2022)，德邦研究所213请务必阅读正文之后的信息披露和法律声明