【行业研究报告】容知日新-工业设备智能运维龙头乘风而起，传统制造业加速渗透

资产负债表利润表资产负债表利润表会计年度202020212022E2023E2024E会计年度202020212022E2023E2024E货币资金103320331415560营业收入2643975938571210应收票据及账款226298406575795营业成本82154225328464预付账款12357税金及附加4581217其他应收款325713销售费用5884124171236存货66547490114管理费用3134506997其他流动资产445710研发费用405983116157流动资产总计40368082410991499财务费用0-4-1-1-2长期股权投资00000资产减值损失-2-2-2-3-2固定资产5050576879信用减值损失-5-5-6-8-10在建工程02454933其他经营损益-0-0-0-0-0无形资产810865投资收益00211长期待摊费用00000公允价值变动损益00000其他非流动资产1632353739资产处置收益00000非流动资产合计7493145160156其他收益1725252830资产总计47777396912591655营业利润6084121181260短期借款00000营业外收入255111111应付票据及账款7583117166229营业外支出00000其他流动负债435383153244其他非经营损益00000流动负债合计118136200319472利润总额8588133192271长期借款01111所得税117142028其他非流动负债11111净利润7481119172243非流动负债合计12222少数股东损益00000负债合计120138203321474归属母公司净利润7481119172243股本4155555555EBITDA9394144207290资本公积135318330330330NOPLAT5274108161231留存收益181262381553795EPS(元)1.41.52.23.14.4归属母公司权益3576357669381181少数股东权益00000主要财务比率股东权益合计3576357669381181会计年度202020212022E2023E2024E负债和股东权益合计47777396912591655成长能力营收增长率46.4%50.5%49.3%44.5%41.2%现金流量表营业利润增长率47.2%40.0%44.8%49.2%43.6%会计年度202020212022E2023E2024EEBIT增长率84.0%-0.3%55.0%45.2%41.1%税后经营利润748185136205EBITDA增长率81.9%0.9%53.6%44.2%40.2%折旧与摊销89121621归母净利润增长率86.8%9.2%46.1%45.0%41.1%财务费用0-4-1-1-2经营现金流增长率-38.2%62.7%103.6%87.1%38.3%投资损失-00-2-1-1盈利能力营运资金变动-66-65-70-72-102毛利率68.9%61.3%62.1%61.7%61.7%其他经营现金流39383942净利率28.2%20.5%20.0%20.1%20.1%经营性现金净流量193163118163营业利润率22.7%21.1%20.4%21.1%21.5%资本支出911603015ROE20.8%12.8%15.5%18.3%20.6%长期投资42-35000ROA15.6%10.5%12.2%13.7%14.7%其他投资现金流217-4-4ROIC23.4%26.2%30.3%32.4%37.9%投资性现金净流量35-45-53-34-19估值倍数短期借款-140000P/E75.669.347.432.723.2长期借款01-0-0-0P/S21.314.29.56.64.7普通股增加014000P/B15.88.97.36.04.8资本公积增加61831300股息率0.0%0.2%0.0%0.0%0.0%其他筹资现金流7-2-1212EV/EBIT65.268.840.827.819.3筹资性现金净流量-1196111EV/EBITDA59.962.437.325.617.9现金流量净额531811084145EV/NOPLAT106.479.249.833.022.5