天奥电子(002935)2023年中报点评：经营性现金流首次转正，航天领域业务拓展取得新进展.pdf

1◆⚫⚫⚫⚫⚫⚫◆25利润表（百万元）2022A2023E2024E2025E营业收入1210.901403.771638.671929.94减:营业成本868.871027.031191.541395.90营业税金及附加7.5112.6316.8819.11销售费用46.0553.3463.9175.65管理费用169.25186.70216.30253.79财务费用-1.96-9.69-10.46-11.82资产减值损失-2.11-1.00-1.00-1.00加:投资收益2.383.003.003.00公允价值变动损益0.000.000.000.00其他经营损益0.000.000.000.00营业利润116.82137.75164.50201.32加:其他非经营损益0.090.180.130.14利润总额116.91137.93164.63201.46减:所得税4.416.036.868.53净利润112.50131.91157.77192.92减:少数股东损益0.000.000.000.00归属母公司股东净利润112.50131.91157.77192.92资产负债表（百万元）2022A2023E2024E2025E货币资金787.53865.51946.931069.68应收和预付款项878.49926.691123.941274.34存货583.28580.87741.41859.32其他流动资产10.3372.5158.3079.00长期股权投资0.000.000.000.00投资性房地产0.000.000.000.00固定资产和在建工程290.38281.77241.12200.07无形资产和开发支出9.088.818.558.28其他非流动资产15.0517.0218.2918.85资产总计2574.142753.203138.543509.54短期借款0.000.000.000.00应付和预收款项861.44886.951079.741245.53长期借款0.000.000.000.00其他负债211.24150.40185.18197.47负债合计1072.681037.351264.931443.00股本274.96357.45357.45357.45资本公积444.17444.17444.17444.17留存收益843.03974.931132.701325.62归属母公司股东权益1501.451715.851873.612066.54少数股东权益0.000.000.000.00股东权益合计1501.451715.851873.612066.54负债和股2574.142753.203138.543509.54现金流量表（百万元）2022A2023E2024E2025E经营活动现金流净额221.3614.3467.95107.93投资活动现金流净额125.43-27.003.003.00筹资活动现金流净额29.4190.6510.4611.82现金流量净额376.2077.9981.42122.75报表预测