民生证券INSHENG SECURITIES隆平高科(000998)农业公司财务报表数据预测汇总利润表百万元)2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入3,6894,3374,8295,497成张能力(%)营业成本24602807营业收入增长率5.2917.5711.3413.85营业税金及附肋加18222427EBT增长率-50.32180.2524.5643.65销售费用434477531550净利润增长率-1503.53142.1427.1837.41管理费用495497531550盈利能力(%)研发费用439304290330毛利率333135.2734.6634.77EBIT-389312389558净利润率-23.768.529.7311.74财务用347132135134总资产收益率ROA-6.002.312.773.53资产减植损失-337-46-26-24净资产收益率ROE-17406.757.909.80投资收益165361402457偿债能力营业利润-7334966308590.760.780.800.84营业外收支-20-10-12-14速动比率0.480.480.480.49利润总额-753486618845现金比率0.340.340.340.34所得税243138资产负债率(%)60.6060.7159.5357.98净利润-772462587807经营效率归属于母公司净利润-876369470645应收账款周转天数45.3745.0045.0045.00EBIT DA117498541055存货周转天数281.03300.00300.00300.00总资产周转率0.260.280.290.31资产负债表（百万元）2022A2023E2024E2025E每股指标（元）货币资金2,7413.1123.1793411每股收益-0.670.280.360.49应收款及票据458508566644每股净资产4.164.515.00预付款项268309347394每股经营现金流0.790.510.600.75存货18942,2612,5672,924每股股利0.000.000.000.00其他流动资产801878918973估值分析流动资产合计6,1627,0688,346PE564432长期股权投资2,9343,2953,6974,154PB4.13.83.53.1固定资产1,6711,7211,7561,790EV/EBITDA2,081.9031.0127.1021.72无形资产1,3751,3931,4271460股息收益率(%)0.000.000.000.00流动资产合计8,4438,9249,3979,923资产合计14,60515,99216.97418,270短期借款4,0384,4624,4624,462现金流量表（百万元）2022A2023E2024E2025E应付款及票据593692778884净利润-772462587807其他流动负债3.4973,87441844,567400437466497流动负债合计8,1289,0289,4239,913营运资金变动695-116-103-105长期借款196196196196经营活动现金流1,035668787983其他长期负债527485485484资本开支-260-545-537-567非流动负债合计723681681680投资-53000负债合计8,8509,70910,10410,593投资活动观金流319555-537-567股本1,3171,3171,3171,3170000少数股东权益718810927-23240900股东权益合计5,7546,2836,8707,677筹资活动现金流-509259-184-184负债和股东权益合计14,60515,99216.97418,270现金净流量84837167232资料来源：公司公告、民生证券研究院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