民生证券INSHENG SECURITIES冀中能源(000937)/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36,03638,11539,61840,702成长能力(%)营业成本24,51825,59726,48227,118营业收入增长率14.685.773.94营业税金及附九加1,2561.3281.3811,418EBT增长率45.5210.585.413.74销售费用167177184189净利润增长率62.7336.93-10.353.83管理费用1,7771,8791,9532007盈利能力(%)研发费用759803835858毛利率31.9632.8433.163338EBIT7.6678,4788,9379,271净利润率12.3716.0113.8113.96财务费用504390396408总资产收益率ROA8.6611.409.969.88资产减值损失-51-61-64-65净资产收益率ROE21.1125.7722.5022.14投资收益-731,612158163偿债能力7,2359,8278,8319,161流动此率0.841.000.971.09营业外收支-209-205-205-205速动比率0.700.830.800.92利润总额9,6228,6268,956现金比率0.480.520.470.58所得税1,806247322172,302资产负债率(%)51.5846.6845.2043.59净利润5,2217,1496,4086,654经营效率归属于母公司净利润4,4586,1045.4725.682应收账款周转天数30.3122.0022.0022.00EBITDA9,43810,26610,84811,310存货周转天数17.5022.0022.0022.00总资产周转率0.710.730.730.72资产负债表（百万元）2022A2023E2024E2025E每股指标（元）10,70610.64812,109每股收益1.261.731.551.61应收账款及票据4,2823.6703,8153,919每股净资产5.986.706.887.26269281290297每股经营现金流1.561.172.462.561,1751,4811,5331,569每股股利1.001.371.23127其他流动资产2,2884,4584,5714,653估值分析流动资产合计18.72020,53819,88822,548PE6长期股权投资5,8065,8065,8065,806PB1.21.11.11.0固定资产16,46616,45918,43618,310EV/EBITDA3.132.912.802.48无形资产5,7805,8765,9765,976股息收益率(%)13.5018.4816.571720非流动资产合计32,76732.99735,07334.945资产合计51,48653.53454.96157.493短期借款11,39711,47211,47211.472现金流量表（百万元）2022A2023E2024E2025E应付账款及票据5,1693,0863,1923,269净利润5,2217,1496,4086,654其他流动负债5,8286,0785,8285,968折旧和摊销1,7711,7881.9122039流动负债合计22,39420,63620,49220,709营运资金变动-1982-3,761-71-68长期借款1.561经营活动现金流5,5054,1508,6779045其他长期负债2600259125912,591资本开支-1017-1,907-3,861-1,780非流动负债合计4,1614,3524,3524,352投资-110000负债合计26,55524,98824,84425,061投资活动现金流-961-295-3,703股本3,5343,5343,5343,5340000少数股东权益3,8124,8565,7936,765-688275-4440股东权益合计24,93228,54730,11632,433筹资活动现金流4.998负债和股东权益合计51,48653,53454.961现金净流量759582,430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