う开源证券附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E36534535562358706786447451146019706482661703815945130营业成本3789446352376062700857393176811771114营业税金及附加20172128其他应收款49116124225251289332380预付寒款137207221330145139163184207存货274627383890385951704355617485其他流动资产41299494949102128128136非流动贵产14661397133412461157资产减值损失-152-1110000002425252525固定资产115710841046985911公允价值变动收益000无形资产1091091201311421-0-0其他非流动资产19204168130103-1-10-0511959316958711679435-214028744627012312262425953099515021332136614251477营业外支出4>应付票据及应付寒款64163787084911665-7143284443其他流动负债55834238832145622214366222430373319265-17-1112224137624214158103少数股东损益-4184378其他非流动负债198216216216216-14104298负债合计29232742299729143365EBITDA202189317461633少数股东杖益78137215EPS(元)0.01-0.010.090.180261131113411341134资本公积119219532600260026002021A2022A2023E2024E2025E留存收益1513737875421183113386740654364-0.414.317.717.317.051195931695871167943营业利润(%)101.8-136.98574.193.155.394.9-45.2-1473.790.850.115.312.713.014.215.2-0.3-0.11.72.83.62021A2022A2023E2024E2025EROE(%)-0.8-0.43.15.720511743863-355ROIC(%)-7.42.63.35.27.3净利润-17122241376109112101105107资产负债率%)57.146.240.942.4102128128136净负债比率%)82.046.930.030.339.0授资损失0000流动比率2.02.32.2-180-226-777414-978速动比率0.30.70.60.4其他经营现金流18214042-289222-20-200.90.90.91.0资本支出9449-73-85-877.76.87.1737.20-24900应付寒款周转率6.87.06.97.17.0其他授资现金流1490149-105-108-276464428-124208每股收益（最新摊薄）-0.01-0.010.090.18026-170-180.180.100.390.060.31长期借款-1261911.872.753413.583.85521930010776164700P/E422.7-772.056.229.419.6其他筹资现金流-257-198-128-136P/B2.81.91.51.41.3-160285213-80-584EV/EBITDA38.337.922.515.812.4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