【中航证券】能科科技（603859）-2024年报及2025一季报点评：连续九年增长不辍，AI业务崛起催生新增长极-250511（8页）.pdf

1、 1 报表预测报表预测单位:百万元单位:百万元会计年度会计年度2022202220232023202420242025E2025E2026E2026E2027E2027E利润表利润表 营业收入1,240.681,404.821,509.821,752.951,972.932,141.83 减:营业成本695.18721.40763.12889.161,002.481,092.33 税金及附加5.668.689.6110.9912.3713.43 主营业务利润 主营业务利润539.83674.74737.09852.79958.091,036.06 减:销售费用76.9382.8094.1011

2、3.94138.11139.22 管理费用99.2795.7299.80122.71147.97149.93 研发费用123.39152.04194.43192.82217.02235.60 财务费用-10.89 1.457.093.79-3.08-5.70 经营性利润 经营性利润251.14342.74341.66419.53458.07517.02 加:资产减值损失0.62-5.70 3.53-0.71-0.80-0.87 信用减值损失-32.00-39.37-95.79-105.18-98.65-117.80 其他经营损益-0.00-0.00-0.00-0.00-0.00-0.00 投资

3、收益7.643.946.506.066.066.06 公允价值变动损益-0.02 0.260.040.000.000.00 资产处置收益-0.08 0.132.220.760.760.76 其他收益28.9528.6755.5437.7237.7237.72 营业利润 营业利润256.24330.67313.71358.18403.16442.89 加:其他非经营损益0.000.000.000.000.000.00 营业外收入0.943.204.663.933.933.93 减:营业外支出15.262.995.234.114.114.11 利润总额 利润总额241.93330.88313.14

4、358.00402.97442.71 减:所得税25.5527.2330.7734.1538.4442.23 净利润 净利润216.37303.64282.37323.85364.53400.47 减:少数股东损益17.1577.6290.6393.37105.09115.46 归属母公司股东净利润 归属母公司股东净利润199.23226.02191.73230.48259.44285.02资产负债表资产负债表 货币资金382.06271.86556.76709.151,274.861,903.41 交易性金融资产110.11175.57103.61103.61103.61103.61 应收票

5、据27.7320.8011.0419.3821.8223.68 应收账款1,165.971,424.601,535.951,736.101,953.982,121.25 预付账款82.9576.2343.8172.9982.1589.19 其他应收款54.5641.8143.2851.2157.6362.57 存货110.78154.05211.06245.92277.25302.11 其他流动资产13.7941.30157.49117.19131.90143.19 长期股权投资0.790.000.000.000.000.00 金融资产投资0.000.000.000.000.000.00 投资

6、性房地产65.0962.1959.2848.6337.9927.34 固定资产和在建工程141.49197.08198.92191.00183.07175.15 无形资产和开发支出901.241,231.591,458.041,152.16816.94481.73 其他非流动资产70.4293.37106.6599.9792.2892.28 资产总计 资产总计3,127.003,790.444,485.874,547.305,033.475,525.48 短期借款75.8996.32230.330.000.000.