中信特钢公司首次覆盖：问鼎特钢之巅，品类丰富响应需求升级.docx

2023A 2024E 202.SE 2026E

51,249.0460,105.6168,832.6580,080..30

]Iü(??Dú) 2023A 2024E 2025E 2026E

N@N 114,018.8112,254.9116,879.8122,999.6

8,478.02 T9,000.T7

5,198.40 5,300.93

847.81 935.46

2,353.27 1,949.00

17,213.7917,595.14

17,157.7515,324.92

65,257.5664,579.49

629.18 629.18

50,391.1749,661.50

7,811.29 7,810.99

6,425.91 6,477.82

27,687.3538,261.85

5,194.66 5,124.99

909.07 888.33

2,015.58 2,109.04

17,636.3318,161.18

15,389.6715,534.92

61,896.2758,454.23

629.18 629.18

47,305.0644,284.50

7,810.69 7,810.39

6,151.34 5,730.16

99,038.3397,450.00100,779.00105,452.00

743.86 673.53 701.28 738.00

674.64 673.53 759.72 799.50

2,024.10 2,020.59 2,080.46 2,164.79

722.75 1,462.29 1,361.95 1,174.15

—463.76 0.00 000 000

0.00 0.00 000 000

—39.06 0.00 0.00 0.00

B lfH 6,5.31.075,821.566,639.107,628.24

80.17 5.00 000 000

4 52.67 0.00 000 000

116,506.6124,685.1130,728.9138,534.5

49,540.2452,430.2353,131.6454,800.68

6,558.565,826.566,639.107,628.24

660.52 582.66 796.69 991.67

8,670.1011,170.10

17,665.8117,595.14

23,204.3323,664.99

25,.331.8725,.301.60

17,014.7118,514.71

10,170.109,670.10

18,476.1519,918.71

24,485.3825,211.87

24,801.6024,.301.60

18,014.7117,514.71

Jff4 5,898.055,243.915,842.416,636.57

176.86 52.44 87.64 132.73

J3WH%ú‘ffl Ià 5,721.195,191.475,754.786,50.3.84

EBITDA 11,877.2111,926.9212,684.2813,544.42

EPS 1.13 1.03 1.14 1.29

8,317.16 6,786.90 6,786.90 6,786.90

74,872.1177,731.84