Huajin Securities华发集团旗下企业公司快报/中成药Ⅲ财务报表预测和估值数据汇总资产负债表（百万元）利润表（百万元）会计年度2021A2022A2023E2024E2025E会计年度2021A2022A2023E2024E2025E56027254758710656109491011712533135571682219222现金9951904256334254438营业成本36814541492561957060应收票据及应收账款16111727188325962523营业税金及附加138203203294预付账款225516285709427营业费用34343259379647105286存货16732022198630552689管理费用49761275910091153共他流动瓷产10991085869870872研发费用7921032118415531756非流动资产7303908292731043311056财务费用31-83长期投瓷022237794633497360696729000无形瓷产898828887893897-24-1010共他非流动瓷产2625361934113469342715692830274131661290516336168602108922005营业外收入11000流动负债29604850385762094866营业外支出-7050短期借款50050050050050015542781281132163826应付票据及应付账款16212061193330912634所得税212424422482574其他流动负债839228914242618173113422357238927333252非流动负黄8725565194984662000长期借款5002001631431101344236227333252共他非流动负债372356356356356EBITDA19453208320236734363383354064376670753323-22主要财务比率16711671167116711671会计年度2021A2022A2023E2024E2025E资本公积23432343234323432343成长能力506569268054925511032营业收入%)15.223.98.224.114.3906910932124861438416676营业利润%)9.180.33.115.519.31290516336168602108922005归属于母公司净利润(%)10.375.714.419.0现金流量表（百万元）毛利率(%63.663.763.263.32021A2022A2023E2024E2025E净利率(%13.317.616.216.95293488202133403173ROE(%)14.819.119.019.513422357238927333252ROIC(%)13.619.917.917.818.33574414225116201720-54瓷产负债率(%)29.733.126.024.224701010流动比率1.9152.02.3营运资金变动-1330707-770140627速动比率0.90.91.21.01.5其他经营现金流11844000-507-1995405-1682-12530.80.90.80.90.9-302-637-957-796-906应收账款周转率7.4757.57.5应付账款周转率2.6252.5252.5估值比率0.801.411.431.641.95P/E37.021.120.818.215.30.322.091.211.90P/B5.54.03.53.05.436.547.478.619.98EV/EBITDA25.615.014.912.710.5http://www.huajinsc.cn/请务必阅读正文之后的免责条款部分