民生证券INSHENG SECURITIES东土科技(300353)/通信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1,1051,4591,8722,373成长能力(%)营业成本6898891,135营业收入增长率17.4032.0528.3126.80营业税金及附加81214EBT增长率-33.81640.0279.9853.86销售费用143160187214净利润增长率288.89259.53101.9460.84管理费用132146168190盈利能力(%)研发费用191219234261毛利率37.6039.0639.3739.70EBIT19141254390净利润率1834.977.839.93财务费用3569105151总资产收益率ROA0.732.434.215.75资产减值损失-1-1净资产收益率ROE2.006.7011.9216.09投资收益435偿债能力2875151243流动比率1381.381.39144营业外收支-0速动比率0.920.930.961.03利润总额2775151243现金比率0.240.190.260.32所得税132资产负债率(%)59.9760.5261.7861.71净利润1474149240经营效率归属于母公司净利润2013146236应收账款周转天数232.47220.00210.00205.00EBITDA101226354491存货周转天数222.04185.00175.00165.00总资产周转率0.430.510.580.63资产负债表（百万元）2022A2023E2024E2025E每股指标（元）290263434666每股收益0.040.140.270.44应收账款及票据7138821.0811,338每股净资产1892.032.302.756786102114每股经营现金流-0.170.060.340.54419450544646每股股利0.000.000.000.00其他流动资产153185197200估值分析流动资产合计1,6422,3582,965PE281783924长期股权投资45495357PB5.65.24.63.9固定资产358367374380EV/EBITDA58.2826.4716.9412.15无形资产218217209200股息收益率(%)0.000.000.000.00非流动资产合计1,1181,1191,1181,131资产合计2,7602,9863,4754,097短期借款316416716916现金流量表（百万元）2022A2023E2024E2025E应付账款及票据499536653784净利润1474149240其他流动负债373399323363折旧和摊销8285100101流动负债合计1,1881,3511,6922,063营运资金变动-217-204-182-218长期借款58424242经营活动现金流-8830182286其他长期负债409415413423资本开支-106-81-84-99非流动负债合计467457456465投资33000负债合计1,6551,8072,1472,528投资活动现金流-139-8499股本5335335335339000少数股东权益959710010519792192200股东权益合计1,1051,1791,3281,569筹资活动现金流167157445负债和股东权益合计2,7602,9863.4754,097现金净流量-58-27171232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