附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E21312508325939434902269430023449396545568011179194224333366营业成本69383292110601219401447451554571营业税金及附加41434547其他应收款9272013011444163818632113预付寒款25273848189169168180200存货428497602624研发费用86125143164187其他流动资产466347317293274-10-27-182016621836188619361992-00001171151592083942730固定资产69869778081900无形资产286242217192164315949其他非流动资产5608168048010003793434451455879689543551774414381712197222332653营业外收入210012694949494营业外支出24100应付票据及应付寒款6102141413517621744891其他流动负债12331550177920372418所得税515281100125697474747436246554064376600000少数股东损益100其他非流动负债6974747436246554064376615071786204623072727EBITDA47256465076189488888EPS(元)0.640.820.951.13135股本5685675675672723103103103102021A2022A2023E2024E2025E1481166519262248267022792551309135644160营业收入%)15.511.414.915.014.937934344514558796895향业利润(%)18.518.920.119.719.811.128.716.119.019.174.372.373.373.373.313.415.515.716216.82021A2022A2023E2024E2025EROE(%)15.918.217.418.018.48468357866941146ROIC(%)14.216.315.816.116.3净利润36246554064376675717939.739.839.239.6-10-278-20-23净负债比率%)-27.6-40.958.464.4-77.6-59-43-44-49流动比率1.539134324344374速动比率1.11.11.31.41.5其他经营现金流5835000-40-53-670.70.70.70.70.7资本支出2715828116.916.317.017.317.6-300-44应付寒款周转率11.411.010.510.0其他授资现金流439787363-231-150-1470.640.820.951.13135106-3301.471391222.02000004.024.505.456.280000-4838000P/E24.619.116.413.811.6其他筹资现金流-290-378-150-147P/B3.93.52.92.52.1378763933EV/EBITDA16.913.610.78.56.2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