民生证券INSHENG SECURITIES科前生物(688526)/农业公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入1,0011,3461,5481,669成长能力(%)营业成本264249332328营业收入增长率-9.2234.4315.037.81营业税金及附九加>>EBT增长率-33.1574.5712.8713.84销售费用160188201200净利润增长率-28.2544.3613.4416.19管理费用678193100盈利能力(%)研发费用103135139150毛利率73.6181.4778.5880.33EBIT395690779886净利润率40.9043.9243.3146.68财务费用-6363-14总资产收益率ROA9.3312.0912.0112.47资产减值损失净资产收益率ROE11.7114.6914.5714.76投资收益000偿债能力467681771896流动比率4.114.804.986.02营业外收支-0-1速动比率2.473.134.715.73利润总额467679770895现金比率0.731.162.983.89所得税5788100116资产负债率(%)20.3117.6517.5215.52净利润409591670778经营效率归属于母公司净利润410591671应收账款周转天数118.00120.00125.00121.00EBITDA4937978971,023存货周转天数234.01196.99203.1021137总资产周转率0.250.290.300.28资产负债表（百万元）2022A2023E2024E2025E每股指标（元）45669121162,724每股收益0.881.271.441.67应收账款及票据406493545616每股净资产7.508.639.87113291013每股经营现金流0.911.351.74181169131180185每股股利0.190.200.220.26其他流动资产1,5201,524679680估值分析流动资产合计2,5613,533PE32222017长期股权投资0000PB3.83.3292.5固定资产8818798771.000EV/EBITDA26.4316.0412.6710.52无形资产60606060股息收益率(%)0.670.690.790.91非流动资产合计18302,031资产合计4,3914,8895,5836,249短期借款132132132132现金流量表（百万元）2022A2023E2024E2025E应付账款及票据244211272260净利润409591670778其他流动负债248251306309折旧和摊销98107118137流动负债合计624594710701营运资金变动-74-107-20-119长期借款140140140140经营活动现金流424630812842其他长期负债128129129129资本开支-103-240-128-118非流动负债合计268269269269投资-591000负债合计892863978970投资活动现金流-637717-118股本46646646646615000少数股东权益119400股东权益合计3,4994,0264,6055,279筹资活动现金流11475-104-116负债和股东权益合计4,3914,8895,5836,249现金净流量-1002351,425608资料来源：公司公告、民生证券研究亮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