浙商证券韵达段份002120)公司点评表附录：三大报表预测值资产负债表利润表(百万元)20222023E2024E2025E(百万元)20222023E2024E2025E1291813031148681777547434559196529974331现金3907400060188811营业成本43102494045733464998交易性金融资产4161476141804368营业税金及附加131154180205应收账项136713531301413447490520其它应收款344351362352管理货用1553178920572304预付账款424270326340研发货用308352392409存货208173187190财务货用461591636667其他2506229224422413000非流动资产25155254852691127248公允价值变动损益5503674574550000投资净收益3100长期投资806572732704其他经营收益118157133136137851481815520158961973370548005819无形资产4308496756936138营业外收支(34)00在建工程29652532218618291939370548005819其他3290259527802682所得税4388371084131438073385174177945023150128683716450513023116061210412188少数殿东损益18354555短期借款18952030192818951483283336714450应付款项5322501752405193EBITDA4281646177999016102135140126EPS(最新摊薄)0.510.981261.53其他57044424479749757966769778467836主要财务比率长期借款64764764764720222023E2024E2025E其他7319705071997189成长能力20989193021995020024营业收入13.65%17.89%16.77%13.83%少数殿东权益107142187242营业利润4.84%87.74%29.56%21.23%16976190722164224757归属母公司净利润1.62%91.03%29.56%21.23%38073385174177945023毛利率9.13%11.65%1220%12.56%现金流量表净利率3.17%5.13%5.69%6.06%20222023E2024E2025EROE9.05%15.72%18.03%19.01%5291618466487899ROIC7.08%14.14%15.83%16.66%净利润150128683716450522762543278155.13%50.11%47.75%44.48%财务货用461591636667净负债比率21.36%18.13%18.40%19.12%投资损失(118)(133)(136流动比率0.991.121231.46营运资金变动(619(11)1速动比率0.981.111211.44其它1176577(103)(3802)(3775)(3067)(3262)总资产周转率1.281.461.631.71(442)(2700)2700)(2600)应收账款周转率33.0143.84514956.02长期投资48209(156)34应付账款周转率8.9010.7712.4313.88其他(3408)(211)(713)(2316(1563)0.510.981261.53短期借款(132)134(102)2.132292.72长期借款50505.856.577.46853其他(1086(2450)(1461)(1812)估值比率7779320182792P/E22.2511.658.997.42P/B1.941.731.521.33EV/EBITDA9.054.362.69http://www.stocke.com.cn2/3请务必阅读正文之后的免责条款部分