（成长性分析报告分为两部分，第一部分为 DCF 内在价值估算 查看介绍，第二部分为成长性分析 查看介绍）
过去五年(2014-2019)EPS平均增长率为：17.89%。
过去三年(2016-2019)EPS平均增长率为：25.29%。
过去一年股价最高为：1781.99 元，市场预期EPS增长率为
29.12%。
过去一年股价最低为：931.55 元，市场预期EPS增长率为
19.29%。
目前股价为1781.99 元，市场预期EPS增长率为
29.12%。
若市场预期未来10年成长率为：35.00%，则合理股价为：2612.13
若市场预期未来10年成长率为：32.50%，则合理股价为：2221.46
若市场预期未来10年成长率为：30.00%，则合理股价为：1887.2
若市场预期未来10年成长率为：27.50%，则合理股价为：1601.8
若市场预期未来10年成长率为：25.00%，则合理股价为：1358.59
| 指标 趋势 | 2015 | 2016 | 2017 | 2018 | 2019 | 近12个月 |
|---|---|---|---|---|---|---|
|
营收增长率
0.0343845458849424,0.189916880776374,0.498059201588949,0.264884534157674,0.160115176901277,0.127582308092638
|
3.4% | 19.0% | 49.8% | 26.5% | 16.0% | 12.8% |
|
营业利润增长率
0.00253444237271196,0.0950689999833888,0.604739513677271,0.318515093688045,0.149942610328108,0.160312747859874
|
0.3% | 9.5% | 60.5% | 31.9% | 15.0% | 16.0% |
|
净利率
0.503833630080321,0.461390444355353,0.498239244472898,0.513718047683729,0.514692968815608,0.520655749912314
|
50.4% | 46.1% | 49.8% | 51.4% | 51.5% | 52.1% |
|
营业利润率
0.678483600687107,0.624401897403783,0.668867022155143,0.697226695849376,0.69111300548368,0.698551007150855
|
67.8% | 62.4% | 66.9% | 69.7% | 69.1% | 69.9% |
|
总资产周转率
0.429238224736591,0.39011212493349,0.470362499061849,0.500167593249403,0.498292810866213,0.516472218895727
|
0.43 | 0.39 | 0.47 | 0.50 | 0.50 | 0.52 |
|
权益乘数
1.22,1.36,1.41,1.34,1.29,1.17
|
1.22 | 1.36 | 1.41 | 1.34 | 1.29 | 1.17 |
|
ROA
0.216264652938269,0.179994006671474,0.23435305616096,0.256945119518753,0.256467806164205,0.268904230438031
|
21.6% | 18.0% | 23.4% | 25.7% | 25.6% | 26.9% |
|
存货周转天数
2372.30404728313,2067.67520493439,1311.19177475236,1274.81351023688,1198.45220232848,1160.11772923335
|
2372.3 | 2067.7 | 1311.2 | 1274.8 | 1198.5 | 1160.1 |
|
应收款项周转天数
58.2896054420249,44.128104623772,6.39285440251845,4.42488917368955,4.32964955565295,3.85807395567266
|
58.3 | 44.1 | 6.4 | 4.4 | 4.3 | 3.9 |
|
存货
0.208725278903525,0.182603587348506,0.163861988151527,0.147059367240777,0.138136981750101,0.13914429328982
|
20.9% | 18.3% | 16.4% | 14.7% | 13.8% | 13.9% |
|
应收款项
0.099409278075422,0.0072398327779043,0.00907588573103877,0.00352675281441436,0.00799268840736128,0.00740314195527781
|
9.9% | 0.7% | 0.9% | 0.4% | 0.8% | 0.7% |
|
速动比率
2.26980405312953,1.83387200259881,2.31580612371234,2.66228200490984,0.358083146517771,0.814456505165186
|
227.0% | 183.4% | 231.6% | 266.2% | 35.8% | 81.4% |
|
现金与约当现金
0.426420925387812,0.591979771079623,0.652765720387001,0.70113933621174,0.0723975388320094,0.108371655116415
|
42.6% | 59.2% | 65.3% | 70.1% | 7.2% | 10.8% |
|
现金再投资比率
0.178511197597229,0.383337646986816,0.137947945666147,0.212456030122106,0.176776144451835,0.165306463877097
|
17.9% | 38.3% | 13.8% | 21.2% | 17.7% | 16.5% |
|
现金流量允当比率
1.19682525800779,1.5664916597529,1.71785460848412,2.07628904128359,2.16472486375729,2.64496623850932
|
119.7% | 156.6% | 171.8% | 207.6% | 216.5% | 264.5% |
|
EPS
12.34,13.31,21.56,28.02,32.8,34.29
|
12.34 | 13.31 | 21.56 | 28.02 | 32.80 | 34.29 |
|
每股自由现金流
12.2392107838431177,29.001859030584196215,16.73941706607032746,31.66578080334163935,33.483379744161309628,1.503463059519766712
|
12.24 | 29.0 | 16.74 | 31.67 | 33.48 | 1.5 |
| 营业活动现金流量 | 1.74 百亿 | 3.75 百亿 | 2.22 百亿 | 4.14 百亿 | 4.52 百亿 | 4.63 百亿 |
| 投资活动现金流量 | -20.49 亿 | -11.03 亿 | -11.21 亿 | -16.29 亿 | -31.66 亿 | -29.68 亿 |
| 融资活动现金流量 | -55.88 亿 | -83.35 亿 | -88.99 亿 | -1.64 百亿 | -1.93 百亿 | -4.51 亿 |
仅对比2015-2019年报数据
| 指标 | 五年总体 上升/好转 |
五年连续 上升/好转 |
|---|---|---|
| 营收增长率上升 | 否 | |
| 净利率上升 | 否 | 否 |
| 营业利润率上升 | 否 | 否 |
| 总资产周转率上升 | 否 | 否 |
| 权益乘数下降 | 否 | 否 |
| ROA上升 | 否 | 否 |
| 存货周转天数下降 | ||
| 应收款项周转天数下降 | ||
| 存货下降 | ||
| 应收款项下降 | 否 | |
| 速动比率上升 | 否 | 否 |
| 现金与约当现金上升 | 否 | 否 |
| EPS上升 | ||
| 每股自由现金流上升 | 否 |
仅对比2015-2019年报数据
| 指标 | 五年总体 下降/变差 |
五年连续 下降/变差 |
|---|---|---|
| 营收增长率下降 | 否 | 否 |
| 净利率下降 | 否 | 否 |
| 营业利润率下降 | 否 | 否 |
| 总资产周转率下降 | 否 | 否 |
| 权益乘数上升 | 否 | 否 |
| ROA下降 | 否 | 否 |
| 存货周转天数上升 | 否 | 否 |
| 应收款项周转天数上升 | 否 | 否 |
| 存货上升 | 否 | 否 |
| 应收款项上升 | 否 | 否 |
| 速动比率下降 | 否 | |
| 现金与约当现金下降 | 否 | |
| EPS下降 | 否 | 否 |
| 每股自由现金流下降 | 否 | 否 |