民生证券INSHENG SECURITIES盈趣科技(002925)/轻工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4,3457,75810,255成长能力(%)营业成本3,0234,2025,5447,323营业收入增长率-38.4636.8630.4632.19营业税金及附加27273546EBT增长率-49.4863.6224.2432.65销售费用8589116154净利润增长率-36.5727.4025.3333.88管理费用196238310410盈利能力(%)研发费用373476621820毛利率30.4329.3428.5428.59EBIT6109981,2401.645净利润率15.9614.8514.2714.45财务费用-127171610总资产收益率ROA8.9410.2011.5513.63资产减值损失-83-40-49-60净资产收益率ROE13.1415.6518.0821.74投资收益237193123偿债能力7871,0111,2671.696流动比率3203.122.962.83营业外收支-0000速动比率2.542.592.442.33利润总额7871,0111,2671,696现金比率0.690.730.720.75所得税78101127170资产负债率(%)29.6232.4133.5734.66净利润7089101,140经营效率归属于母公司净利润6938831,1071,482应收账款周转天数91.94100.0095.0090.00EBITDA7801,1821,4451,874存货周转天数104.2170.0065.0060.00总资产周转率0.540.720.851.00资产负债表（百万元）2022A2023E2024E2025E每股指标（元）1.0831.6432,120每股收益0.891.131.41189应收账款及票据1,1401.64720422,559每股净资产6.747.227.8332253344每股经营现金流1.551.401.421848637669381,144每股股利0.800.801.01135其他流动资产1,943202920692,123估值分析流动资产合计5,0625,8336,725PE191512长期股权投资343343343343PB2.52.3221.9固定资产1.2871.358EV/EBITDA16.9310.928.726.47无形资产77787878股息收益率(%)4.724.745.947.96非流动资产合计2,6962,8582,885资产合计7,7579,58310,874短期借款180180180180现金流量表（百万元）2022A2023E2024E2025E应付账款及票据7101,5371,930净利润7089101,1401,526其他流动负债689464558718折旧和摊销170184205229流动负债合计1,5801,8672,2762,828营运资金变动418-42-231-296长期借款565770770770经营活动现金流1,2161,0981,1151.441其他长期负债153171171171资本开支-483-277-235-257非流动负债合计718941941941投资-44000负债合计2,2982,8083,2173,769投资活动现金流-682.142股本78378378378334-400少数股东权益18220924228619-15-250股东权益合计5,4595,8556,3667,105筹资活动现金流-696-831负债和股东权益合计7,7578,6639,58310,874现金净流量393283277477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