民生证券INSHENG SECURITIES盘江股份(600395)/能源开米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11,84311,78112,94614,221成长能力(%)营业成本7.0407,1187,7398,517营业收入增长率21.77-0.539.899.85营业税金及附加554539592651EBT增长率38.02-6.2013.21销售费用18182022净利润增长率87.14-6.3712.557.95管理费用1.5681.3551.4891.635盈利能力(%)研发费用185233256281毛利率40.5639.5740.2240.11EBIT26932,52628593,124净利润率18.5317.4417.8617.55财务费用157177212271总资产收益率ROA6.316.936.84资产减值损失7000净资产收益率ROE19.0515.9016.0515.62投资收益214178195214偿债能力2,7232,5262,8413,066流动此率1.001.001.04营业外收支-25-10-10-10速动比率0.950.950.971.01利润总额2,6992,5162,8313,056现金比率0.540.570.490.54所得税459393442477资产负债率(%)58.1256.8253.1852.70净利润2,24021232,3892,579经营效率归属于母公司净利润2,1942,0542,496应收账款周转天数10.6510.6510.6510.65EBITDA2,7762,6653,1143,499存货周转天数19.5019.5019.5019.50总资产周转率0.470.380.390.41资产负债表（百万元）2022A2023E2024E2025E每股指标（元）45714,665每股收益1.020.961.081.16应收账款及票据3,2423,2243,5443,892每股净资产5376.026.717.4418182022每股经营现金流1.651.121.29376380413455每股股利0.410.380.430.47其他流动资产187216230245估值分析流动资产合计8,3948,8839.280PE76长期股权投资7088861,296PB1.41.21.11.0固定资产6,920854410.09011.631EV/EBITDA6.607.046.095.43无形资产4,5354,5354,5334531股息收益率(%)5.565.215.866.33非流动资产合计21,65123.65925,43927,233资产合计30,04532.54233,35736.513短期借款1,6161,9962,4962,996现金流量表（百万元）2022A2023E2024E2025E应付账款及票据3,3063,3443,6354,001净利润2,24021232,3892,579其他流动负债3,4693,5411.4991.638折旧和摊销83140255375流动负债合计8,3918,8808,634营运资金变动904763897长期借款3,3093,8414,3414,841经营活动现金流3,5352,4072,7703,163其他长期负债5,7615,7685,7685,768资本开支-3911-1,645-1,851-1,966非流动负债合计9,0709,60910,10910.609投资-1,100000负债合计17.46118.48917,73919,243投资活动现金流-1851-1.966股本2,1472,14721472,1473,500000少数股东权益1,0661,1351,2121,295690926-1,1561,000股东权益合计12,58314,05315,61817,270筹资活动现金流3,09847-2,252-243负债和股东权益合计30,04532,54233,35736,513现金净流量1,671473-1,333954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