中国银河证券研究院CHINA GALAXY SECURITIES公司点评报告附录：公司财务预测表（百万元）2022A2023E2024E2025E2022A2023E2024E2025E2690.713269.213932.864648.64流动资产3153.443264.733531.324037.41营业成本1769.942144.602572.093035.56现金449.54464.26719.171156.94营业税金及附加22.3629.1035.0041.3717.1519.4324.9828.93387.94493.65593.86715.89其它应收款14.3621.4227.3929.21管理货用150.05163.46196.64209.19预付寒款23.7022.4525.2334.06-18.20-13.61-15.15-19.10存货146.61235.09232.48286.19资产减值损失-0.78-0.580.34-0.08其他2502.082502.082502.082502.080.000.000.000.00非流动资产1668.292021.752308.792623.7454.3055.5866.8679.03长期授资397.95397.95397.95397.95营业利润405.82482.66588.20708.78固定资产727.03969.371148.451383.691.5727.0027.0027.00无形资产45.8361.1066.5773.77营业外支出3.590.000.000.00其他497.48593.32695.82768.32403.80509.66615.20735.784821.735286.485840.116661.15所得税63.1971.8686.74104.48流动负债784.00803.89829.071018.80净利润340.61437.80528.46631.300.000.000.000.00少数股东损益-1.09-0.64-1.03-1.39应付寒款390.33410.99380.53440.78归属母公司净利润341.70438.43529.48632.69其他393.67392.90448.54578.02EBITDA379.06475.33535.60643.84非流动负债12.9312.9312.9312.93EPS(元)0.450.570.690.830.000.000.000.00其他12.9312.9312.9312.93负债合计796.93816.82841.991031.73少数股东杖益4.694.063.031.642022A2023E2024E2025E4020.114465.614995.095627.79经营活动现金流546.14355.43495.63702.354821.735286.485840.116661.15净利润340.61437.80528.46631.30折旧摊销50.6276.1647.5355.322022A2023E2024E2025E0.050.000.000.0021.50%18.20%-54.30-55.58-66.86-79.03营业利润114.66货18.93%21.87%20.50%营运资金变动206.07-76.6813.50121.41归母净利润85.11%28.31%20.77%19.49%其它3.11-26.26-26.99-26.6534.22%34.40%34.70%-1085.79-347.78-240.72-264.59净利率13.41%13.4613.61%-221.30-403.36-307.58-343.62ROE8.509.82%10.60%11.24%-916.810.000.000.00ROIC7.67%8.3%8.97%其他52.3255.5866.8679.0315.45%14.4215.49%-55.667.070.000.00总资产周转率0.560.620.670.700.000.000.000.000.450.570.690.830.000.000.000.005.275.856.547.37其他-55.667.070.000.00P/E61.3847.6039.4132.98-595.3014.72254.91437.76P/B5.224.674.183.71EV/EBITDA54.1343.3237.9730.91PS7.756.445.354.53请务必阅读正文最后的中国银河证券股份有限公司免责声明。2