附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E439353644390574570985986596577159983129719051089140818222367营业成本473147635962763898631413167000333849其他应收款13223797115139208预付寒款3444577496227227379493存货15372089245033654144286322363469610其他流动资产491454454454454054109143非流动贵产27493127342138054317资产减值损失0206704027820固定资产11971279153518882364公允价值变动收益12无形资产32335136536837334122523其他非流动资产122814971523155415880-00-071438491781195501141566254512891617306632501834248029647300655500147220672532营业外支出233应付票据及应付寒款2103240200066654591312861614其他流动负债308348362412433所得税453890113130324302281250621507849119615010200178157126少数股东损益6869156195其他非流动负债13012412412412455343873910411306负债合计31963574213627613214EBITDA803716109915191906少数股东杖益33874110071202EPS(元)0590.470.791.121.40914914914914914资本公积88210051005100510052021A2022A2023E2024E2025E留存收益169121002784374149543609417648235782699928.3-0.329.329.429.9714384917811955011415营业利润(%)36.7-17.768.240.725.439.7-20.968.940.825.521.020.222.723.524.010.411.012.011.62021A2022A2023E2024E2025EROE(%)15.710.315.017.618.3166-785401024ROIC(%)19.714.718.321.222.4净利润6215078491196150112416015516720844.742.128.928.22254109143净负债比率%)-3.1-6.57.24.7授资损失-12-19-25-23流动比率14172.32.4-667-721-1096-877-769速动比率0.91.01.00.90.9其他经营现金流10057-21-30-36-581-4454205156850.90.80.91.212资本支出3933764515547225.14.30.00.00.0-2413应付寒款周转率3.13.17.60.00.0其他授资现金流531128363588605-154-207-2580.590.470.791.121.40160-1569735954640.18-0.010.080.58长期借款0200-22-21-313.874485.186207510000123000P/E26.934.020.114.311.4其他筹资现金流-92437-1105-781691P/B4.13.63.12.62.1-343183653-1281EV/EBITDA18.220.714.210.58.4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2/4