民生证券INSHENG SECURITIES金牌厨柜(603180)/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3,5534,4575,3076,180成长能力(%)营业成本25073,1203,6944,302营业收入增长率3.0625.4219.0716.46营业税金及附助加293237EBT增长率-23.4260.7420.7817.47销售费用431546650750净利润增长率-18.0345.2219.9216.53管理费用167217262297盈利能力(%)研发费用200232278321毛利率29.4630.0030.4030.40EBIT252404488574净利润率9.039.099.10财务费用8131824总资产收益率ROA5.707.417.978.37资产减植损失3-2净资产收益率ROE10.6814.0415.3016.15投资收益27445261偿债能力营业利润289433521608流动比率1.030.920.940.98营业外收支4>速动比率0.750.640.660.69利润总额294440528615现金比率0.270.200.250.30所得税21404855资产负债率(%)46.5047.0647.8248.14净利润273400480559经营效率归属于母公司净利润277402482562应收款周转天数15.0713.0013.0013.00EBITDA400583683819存货周转天数76.9068.0068.0068.00总资产周转率0.760.870.920.97资产负债表（百万元）2022A2023E2024E2025E每股指标（元）597505687953每股收益1802.613.133.64应收款及票据188212252294每股净资产16.8218.5820.4422.57预时款项46859每股经营现金流1.604.645.115.97存货528580686799每股股利0.721.261.51其他流动资产892927925937估值分析流动资产合计2,2512,2952,6363,083PE191311长期股权投资50797979PB2.01.8固定资产1,4261,5861,731EV/EBITDA13.219.187.606.01无形资产181294382384股息收益率(%)2.153.774.525.26非流动资产合计2,6123,1303,4153,633资产合计4,8646,0506,716短期借款673673673673现金流量表（百万元）2022A2023E2024E2025E应付款及票据8341.0261.2141.414净利润273400480559其他流动负债6807869081.050148179194246流动负债合计2,1872,7953,137营运资金变动-170156141148长期借款000经营活动现金流247716789920其他长期负债75699896资本开支-627-561-472-458非流动负债合计75699896投资55-9700负债合计2,2612,5533,233投资活动现金流-566-647.407股本1541541541544000少数股东权益60-14162股东权益合计2,6022,8723,1573,483筹资活动现金流152负债和股东权益合计4,8645,4256,0506,716现金净流量-163-92183266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