公司报告丨年报点评报告天风证券TF SECURITIES财务预测摘要202120222023E2024E2025E202120222023E2024E2025E货币资金760.15159211156126196553943111560.622,048.443268337132647.9373891营业成本5413147235656.128557911188243.1521.1143875157营业税金及附加47312481434存货2053229089224204842250904销售费用4739567961.74780310242其他10098.6124691468265340.46583251067803102421-514.931,437812,246.193317.70研发费用4653594771249364122912803426342634263426财务费用(34.13)固定资产736357.92416154344747299资产信用减值损失(290)000000在建工程1322047.409489483559公允价值变动收益1250000.00无形资产25.755735544851620.00其他73.99108.031023010952其他31210604.95639.342828436204477352,042763399004016.00营业外收入1810250000.0012.01000000营业外支出0530860000.000008432159.6113010250992709926215282.233620447735其他182.7315136196271810121430所得税34.183164362047.736265267.0532637432.00227.972505932584429.61583810.000000001367580.00应付债券0.000.000000.000.0022660243.0232584429.61563.81其他6.705216116.012732933925.175216.0133403331-59438.114913028.92289228922892202120222023E2024E2025E76.0076.1283068306资本公积521.15550.251.034651034.651034553174%3273%314%3125%1405.341609.062.419293412723471%842%2800%3124%其他(1034.65(10346月日属于母公司净利润3238%724%3408%3124%1492.991,714.082,531282,960.893524.702,042762862863399.004,016.00毛利率4720%4474%4538%净利率2403%27.53%2752%ROE1530%1442%1302%16.13%ROIC3904%3283%4373%202120222023E2024E2025E净利润227.9725059325844296156381资产负债率1828%1158%1223%19.1212551455净负债率-4361%5271%5.75%财务费用16.532240(255)3469389☑流动比率567投资损失2310000.00速动比率490356620527579营运资金变动(112103444其它403441860003443.0629511136179333472844536461412资本支出9623324.97314929118010总资产周转率055长期投资31460000000.00其他(3115059110(16010273293392(30.00)(30.00)(80.00)134216418-031536611412.600380.511783202930.13353042095048763335169134693992其他(18331)市盈率50.00466234.77263720.0953589504.693891市净率6724533863240.000000.000.0057533849213315444347782197404.276105409028.94220315.91资料来源：公司公告，天风证券研究所请务必阅读正文之后的信息披露和免责申明