1、 1 资料来源:ifind,中航证券研究所 资产负债表资产负债表利润表利润表会计年度会计年度20222022202320232024E2024E2025E2025E2026E2026E会计年度会计年度20222022202320232024E2024E2025E2025E2026E2026E货币资金807.62767.02866.29993.461067.66营业收入385.60290.21271.99355.21483.19应收票据及账款277.19225.54182.54238.39324.28营业成本186.76192.87202.53203.97277.67预付账款15.438.698
2、.6111.2415.29税金及附加0.332.050.841.091.49其他应收款1.1613.924.786.248.49销售费用22.6418.1913.6017.7624.16存货241.15199.80211.62213.12290.13管理费用31.5741.0540.8039.0743.49其他流动资产1468.94746.85743.58747.12752.57研发费用118.17118.93126.47117.22120.80流动资产总计流动资产总计2811.481961.822017.422209.582458.42财务费用-7.64-9.41-1.55-3.48-3.9
3、2 长期股权投资87.67127.52127.87128.21128.55资产减值损失-13.00-58.09-48.96-35.52-24.16 固定资产287.66711.00599.90485.78368.63信用减值损失-12.39-12.70-27.20-17.76-9.66 在建工程101.48115.5996.3277.0657.79其他经营损益0.000.000.000.000.00无形资产12.4017.388.08-1.23-10.53 投资收益36.5127.4521.5721.5721.57长期待摊费用107.4298.6649.330.000.00公允价值变动损益0.
4、00-48.00 0.000.000.00其他非流动资产87.90383.88383.88383.88383.88资产处置收益-0.05 0.020.060.060.06非流动资产合计非流动资产合计684.541454.041265.381073.70928.33其他收益72.6346.4335.5535.5535.55资产总计资产总计3496.013415.873282.803283.283386.75营业利润117.47-118.36-129.68-16.53 42.87短期借款0.0063.690.000.000.00营业外收入0.060.083.373.373.37应付票据及账款141
5、.91144.52161.84162.99221.88营业外支出0.310.260.280.280.28其他流动负债53.7642.2650.4151.3366.25其他非经营损益0.000.000.000.000.00流动负债合计流动负债合计195.67250.47212.25214.32288.13利润总额117.22-118.54-126.59-13.44 45.96长期借款0.000.00-3.28-5.95-7.15 所得税-2.04-26.59-35.02-15.07 0.00其他非流动负债63.8955.8155.8155.8155.81净利润119.26-91.95-91.58
6、 1.6345.96非流动负债合计非流动负债合计63.8955.8152.5349.8648.66少数股东损益0.000.000.00-0.00-0.00 负债合计负债合计259.56306.28264.79264.18336.79归属母公司股东净利润 119.26-91.95-91.58 1.6345.96股本135.60176.28176.28176.28176.28EBITDA145.37-65.80 60.86175.11187.75资本公积2879.302886.942886.942886.942886.94NOPLAT14.19-114.81