民生证券INSHENG SECURITIES山西焦化(600740)/能源开采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12,07511,95413,14913,807成长能力(%)营业成本12,24912,3101292613,443营业收入增长率7.55-1.0010.005.00营业税金及附加414145EBT增长率-406.97-19.8267.1844.38销售费用55556063净利润增长率104.87-20.9230.90729管理费用283280309324盈利能力(%)研发费用9291100105毛利率-1.44-2.981.702.64EBIT-666-798-262-146净利润率213817.0820.33财务费用220366447539总资产收益率ROA11.017.739.018.54资产减值损失-46-46-48-50净资产收益率ROE17.8712.7914.6613.94投资收益3,4423,2283,3923,562偿债能力2,5772,6592,852流动此率0.450.400.380.40营业外收支56速动比率0.360.320.290.32利润总额2,5742,0352,6642,858现金比率0.270.250.220.25所得税0000资产负债率(%)37.4638.7837.8738.17净利润2,5732,0352,6642,858经营效率归属于母公司净利润2,5822.0422.6732,867应收账款周转天数1.641.641.641.64EBITDA-294-413138270存货周转天数17.4817.4817.4817.48总资产周转率0.550.480.470.44资产负债表（百万元）2022A2023E2024E2025E每股指标（元）17272,131每股收益1.010.801.041.12应收账款及票据54626871每股净资产5.646.237.128.0333333536每股经营现金流-0.23-0.100.070.12586544571594每股股利0200.160.210.22其他流动资产603479521545估值分析流动资产合计3,1572,9772,9213,376PE7长期股权投资1492118,1482154125,103PB1.00.90.80.7固定资产4,0633,9123,7453,563EV/EBITDA-59.91-46.19144.6878.08无形资产283283283282股息收益率(%)3.662.903.794.07非流动资产合计20,30023.45026,75130,206资产合计23,45726,42729,67233.582短期借款3,5183,7184,3185,018现金流量表（百万元）2022A2023E2024E2025E应付账款及票据272427372,8742,989净利润2,5732,0352,6642,858其他流动负债733985484502折旧和摊销372385400415流动负债合计6,9757,4407,6768,509营运资金变动-3601364040长期借款1.6922,6924,192经营活动现金流-600189318其他长期负债120118118118资本开支-228-291-280-278非流动负债合计3,5604,310投资0000负债合计8,78610,24911,23612,819投资活动现金流8-280-278股本2,56225622,5620000少数股东权益2182122031931,7801,4508281,450股东权益合计14,67116,17818,43620,763筹资活动现金流588535-42364负债和股东权益合计23,45726,42729.67233,582现金净流量-20-21.133404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