【中航证券】应流股份（603308）-2024年报及2025年一季报点评：两机业务在手订单充足，持续布局核电及低空新业务增长点-250512（9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2,197.702,411.932,513.462,732.793,022.923,430.77 减:营业成本1,390.681,539.611,652.801,783.541,954.732,189.36 税金及附加42.9042.7342.4840.9942.3244.60 主营业务利润 主营业务利润764.13829.60818.17908.261,025.861,196.81 减:销售

2、费用35.6133.5336.1840.9945.3448.03 管理费用184.46192.31197.93237.75241.83274.46 研发费用254.95293.26304.88355.26408.09480.31 财务费用111.56106.84125.90119.03124.40104.45 经营性利润 经营性利润177.55203.65153.27155.23206.19289.56 加:资产减值损失0.000.00-1.11-0.40-0.44-0.50 信用减值损失0.10-14.31-15.41-10.95-12.11-13.75 其他经营损益0.000.000.00

3、0.000.000.00 投资收益-1.89 1.552.400.690.690.69 公允价值变动损益0.000.000.000.000.000.00 资产处置收益113.06-0.44-0.01 37.5437.5437.54 其他收益104.2094.84112.38103.81103.81103.81 营业利润 营业利润393.03285.29251.53285.91335.67417.34 加:其他非经营损益0.000.000.000.000.000.00 营业外收入1.140.130.140.470.470.47 减:营业外支出0.160.563.551.421.421.42 利润

4、总额 利润总额394.01284.86248.12284.95334.72416.39 减:所得税5.456.43-5.43 1.381.622.02 净利润 净利润388.55278.42253.55283.57333.09414.37 减:少数股东损益-13.14-24.84-32.83-23.87-28.04-34.88 归属母公司股东净利润 归属母公司股东净利润401.69303.26286.38307.44361.13449.25资产负债表资产负债表 货币资金463.41254.63299.13819.84906.871,029.23 交易性金融资产0.000.000.000.000

5、.000.00 应收票据59.8367.6719.6957.4963.6072.18 应收账款945.861,007.271,102.801,172.151,296.591,471.53 预付账款59.1830.8228.7746.6051.5458.50 其他应收款13.3512.9246.3527.2130.1034.16 存货1,430.551,857.232,088.152,079.822,279.462,553.06 其他流动资产909.1989.21157.36467.58517.22587.00 长期股权投资6.286.226.225.795.364.93 金融资产投资36.48

6、35.3737.6637.6637.6637.66 投资性房地产0.000.000.000.000.000.00 固定资产和在建工程4,583.544,864.465,491.444,981.084,403.123,757.56 无形资产和开发支出1,033.411,075.331,081.61953.28814.57665.47 其他非流动资产358.361,173.681,193.021,178.521,163.801,163.80 资产总计 资产总计9,899.4510,474.8211,552.2011,827.0311,569.8911,435