民生证券INSHENG SECURITIES光威复材(300699)/军工公司财务报表数据预测汇总利润表百万元)2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入2511324040715044成长能力(%)营业成本1279137015701902营业收入增长率-3.6929.0125.6823.88营业税金及附肋加303948EBT增长率10.5047.9535.9226.89销售费用23293744净利润增长率23.1936.5833.4525.14管理费用135171219266盈利能力(%)研发费用192243312379毛利率49.0857.7061.4562.29EBIT938138718862393净利润率36.0938.2041.0641.94财务用-1038-10-13总资产收益率ROA14.7617.2919.0519.32资产减植损失-25-25-25-25净资产收益率ROE19.1421.6423.2023.13投资收益000偿债能力营业利润10491431193124424244.755.355.83营业外收支-5-5-5-5速动比率3.443.994.595.08利润总额1044142619262437现金比率1.671.882.242.62所得税138188254322资产负债率(%)21.1019.0917.3716.22净利润906123816722115经营效率归属于母公司净利润934127617032131应收账款周转天数60.9167.0073.7181.08EBIT DA1120163721672718存货周转天数184.12184.12184.12184.12总资产周转率0.400.440.460.46资产负债表（百万元）2022A2023E2024E2025E每股指标（元）货币资金1377168523223336每股收益1802.463.294.11应收款及票据5066899641324每股净资产9.4111.3814.1617.77预付款项16161720每股经营现金流0.282.142.773.50存货645666767934每股股利0.500.500.500.50其他流动资产944119614851823估值分析流动资产合计3487425355547437PE33251815长期股权投资0000PB6.45.34.33.4固定资产1418190522822574EV/EBITDA26.7218.0913.3710.29无形资产231260288316股息收益率(%)0.830.830.830.83流动资产合计2843312933833593资产合计63307382893711030短期借款30303030现金流量表（百万元）2022A2023E2024E2025E应付款及票据542588685854净利润906123816722115其他流动负债250278324392182250281325流动负债合计82289610391275营运资金变动-989-437-576-685长期借款0000经营活动现金流147110914361814其他长期负债513513513513资本开支-697-540-540-540非流动负债合计513513513513投资-19000负债合计1336140915521789投资活动观金流-708-540-540-540股本51851851851835000少数股东权益114764529债务募资112000股东权益合计4994597373859241筹资活动现金流-118-260-260-260负债和股东权益合计63307382893711030现金净流量-5843096361014资料来源：公司公告、民生证券研究院预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告