Financial Report

代码简称日期上市日期PEPB股息率(%)
600519.SH贵州茅台2025-12-172001-08-2720.816.983.60%
指标 2025-09-30 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 1999-12-31
主要指标
ROE 25.14% 36.99% 34.65% 31.75% 27.68% 28.95% 30.30% 31.20% 29.61% 22.94% 24.25% 28.73% 35.51% 38.97% 35.06% 27.45% 29.81% 33.79% - - - - - - - -
ROA 21.21% 28.84% 27.41% 24.66% 20.56% 21.88% 22.51% 22.02% 20.12% 14.80% 17.96% 23.30% 27.30% 29.57% 25.11% 19.74% 21.81% 24.12% - - - - - - - -
ROCE/ROIC 34.56% 50.68% 47.24% 43.76% 38.92% 41.16% 43.43% 45.50% 42.51% 33.26% 34.55% 40.22% 50.12% 53.90% 47.95% 37.96% 41.07% 47.01% - - - - - - - -
毛利率 91.46% 92.08% 92.12% 92.09% 91.79% 91.68% 91.64% 91.55% 90.27% 91.51% 92.41% 92.74% 92.94% 92.27% 91.57% 90.95% 90.17% 90.30% 87.96% 83.96% 82.52% 82.22% 80.12% 81.44% 82.23% 85.50%
净利润率 49.37% 49.52% 49.64% 49.17% 47.92% 47.65% 46.38% 45.60% 44.35% 41.63% 46.35% 47.64% 48.72% 50.30% 47.62% 43.42% 44.60% 46.10% 39.11% 31.51% 28.46% 27.26% 24.44% 20.54% 20.29% 24.21%
收入 1,309.04 1,741.44 1,505.60 1,275.54 1,094.64 979.93 888.54 771.99 610.63 401.55 334.47 322.17 310.71 264.55 184.02 116.33 96.70 82.42 72.37 49.03 39.31 30.10 24.01 18.35 16.18 8.91
收入增速 6.32% 15.66% 18.04% 16.53% 11.71% 10.29% 15.10% 26.43% 52.07% 20.06% 3.82% 3.69% 17.45% 43.76% 58.19% 20.30% 17.33% 13.88% 47.60% 24.75% 30.59% 25.35% 30.85% 13.40% 45.25% 41.81%
净利润 646.27 862.28 747.34 627.16 524.60 466.97 412.06 352.04 270.79 167.18 155.03 153.50 151.37 133.08 87.63 50.51 43.12 37.99 28.31 15.45 11.19 8.21 5.87 3.77 3.28 2.16
净利润增速 6.25% 15.38% 19.16% 19.55% 12.34% 13.33% 17.05% 30.00% 61.97% 7.84% 1.00% 1.41% 13.74% 51.86% 73.49% 17.13% 13.50% 34.22% 83.25% 38.11% 36.32% 39.85% 55.72% 14.78% 30.74% 46.84%
经营净现金流 381.97 924.64 665.93 366.99 640.29 516.69 452.11 413.85 221.53 374.51 174.36 126.33 126.55 119.21 101.49 62.01 42.24 52.47 17.43 21.13 16.94 - - - - -
资本开支 22.83 46.79 26.20 53.07 34.09 20.90 31.49 16.07 11.25 10.19 20.61 44.31 54.06 42.12 21.85 17.32 13.57 10.11 7.72 7.37 5.41 - - - - -
自由现金流 359.14 877.85 639.73 313.92 606.20 495.79 420.62 397.78 210.28 364.32 153.75 82.01 72.49 77.09 79.64 44.70 28.67 42.37 9.71 13.75 11.53 - - - - -
分红 - - - - - - - - - - - - - - - - - - - - - - - - - -
总资产 3,047.38 2,989.45 2,727.00 2,543.65 2,551.68 2,133.96 1,830.42 1,598.47 1,346.10 1,129.35 863.01 658.73 554.54 449.98 349.01 255.88 197.70 157.54 - - - - - - - -
净资产 2,570.70 2,331.06 2,156.69 1,975.07 1,895.39 1,613.23 1,360.10 1,128.39 914.52 728.94 639.26 534.30 426.22 341.50 249.91 183.99 144.66 112.45 - - - - - - - -
商誉 - - - - - - - - - - - - - - - - - - - - - - - - - -
费用指标
销售费用率 3.42% 3.24% 3.09% 2.59% 2.50% 2.60% 3.69% 3.33% 4.89% 4.19% 4.44% 5.20% 5.98% 4.63% 3.91% 5.82% 6.42% 6.46% 7.74% 11.93% 12.11% 12.51% 15.21% 16.80% 14.11% 11.44%
管理费用率 4.20% 5.35% 6.46% 7.07% 7.72% 6.93% 6.94% 6.90% 7.73% 10.43% 11.40% 10.49% 9.12% 8.33% 9.10% 11.57% 12.59% 11.42% 9.99% 10.11% 8.92% 10.35% 12.16% 12.95% 11.19% 13.74%
研发费用率 0.09% 0.13% 0.10% 0.11% 0.06% 0.05% 0.05% 0.03% - - - - - - - - - - - - - - - - - -
其他费用率 34.37% 33.85% 32.83% 33.16% 33.59% 34.45% 34.58% 35.69% 33.30% 35.26% 30.22% 29.41% 29.12% 29.01% 30.94% 30.14% 26.56% 26.32% 31.11% 30.41% 33.03% 32.10% 28.31% 31.15% 36.64% 36.11%
折旧费用占比 - 0.99% 1.10% 1.13% 1.23% 1.22% 1.29% 1.41% 1.70% 2.10% 2.28% 2.10% 1.68% 1.57% 1.80% 2.30% 1.94% 1.78% 1.43% 1.73% 1.65% - - - - -
所得税率 25.17% 25.33% 25.22% 25.46% 25.24% 25.19% 25.20% 25.57% 25.13% 25.16% 25.21% 25.65% 25.51% 25.09% 25.01% 25.45% 25.12% 25.71% 34.41% 35.03% 39.12% 42.70% 37.71% 39.54% 43.62% 39.00%
资产占比
现金占比 16.98% 19.84% 25.33% 22.91% 20.30% 16.91% 7.24% 70.11% 65.28% 59.20% 42.64% 42.07% 45.42% 49.03% 52.30% 50.37% 49.28% 51.38% - - - - - - - -
库存占比 18.33% 18.18% 17.03% 15.26% 13.09% 13.53% 13.81% 14.71% 16.39% 18.26% 20.87% 22.74% 21.35% 21.48% 20.59% 21.78% 21.21% 19.77% - - - - - - - -
应收款占比 0.01% 0.01% 0.02% 0.01% - - - - - - 0.00% 0.01% 0.00% 0.04% 0.01% 0.00% 0.11% 0.22% - - - - - - - -
预付款占比 0.01% 0.01% 0.01% 0.35% 0.15% 0.42% 0.85% 0.74% 0.59% 0.93% 1.71% 4.35% 7.76% 8.61% 5.33% 5.98% 6.09% 4.71% - - - - - - - -
固定资产占比 6.95% 7.32% 7.30% 7.76% 6.85% 7.60% 8.27% 9.54% 11.32% 12.80% 13.23% 15.75% 15.37% 15.13% 15.55% 16.38% 16.03% 13.90% - - - - - - - -
长期投资占比 - - - - - - - - - - - - 0.01% 0.01% 0.01% 0.02% 0.02% 0.03% - - - - - - - -
商誉占比 - - - - - - - - - - - - - - - - - - - - - - - - - -
其他资产占比 57.72% 54.65% 50.31% 53.70% 59.61% 61.53% 69.83% 4.90% 6.43% 8.82% 21.54% 15.08% 10.10% 5.71% 6.21% 5.46% 7.27% 10.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
应付款占比 0.93% 1.18% 1.13% 0.95% 0.79% 0.63% 0.83% 0.74% 0.74% 0.92% 1.02% 1.07% 0.51% 0.77% 0.49% 0.91% 0.70% 0.77% - - - - - - - -
预收款占比 2.54% 3.21% 5.18% 6.08% 4.98% 6.24% 7.51% 8.49% 10.72% 15.53% 9.57% 2.24% 5.49% 11.31% 20.13% 18.52% 17.79% 18.64% - - - - - - - -
短期借款占比 0.02% 0.04% 0.02% 0.04% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - - - - - - - -
长期借款占比 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - - - - - - - -
运营资产占比 14.88% 13.81% 10.75% 8.59% 7.47% 7.08% 6.33% 6.22% 5.52% 2.73% 11.99% 23.78% 23.10% 18.04% 5.30% 8.34% 8.91% 5.29% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
有息负债率 0.02% 0.04% 0.02% 0.04% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - - - - - - - -
周转能力
存货周转天数 1,823 1,438 1,428 1,403 1,356 1,292 1,242 1,315 1,355 2,207 2,590 2,338 1,969 1,725 1,691 1,932 1,609 1,421 - - - - - - - -
应收款周转天数 0 0 0 0 - - - - - - 0 0 0 0 0 0 0 1 - - - - - - - -
应付款周转天数 92 93 95 87 81 60 74 65 60 111 126 110 47 61 40 80 53 55 - - - - - - - -
固定资产周转率 6.18 7.96 7.56 6.46 6.27 6.04 5.87 5.06 4.01 2.78 2.93 3.11 3.65 3.89 3.39 2.78 3.05 3.76 - - - - - - - -
总资产周转率 0.43 0.58 0.55 0.50 0.43 0.46 0.49 0.48 0.45 0.36 0.39 0.49 0.56 0.59 0.53 0.45 0.49 0.52 - - - - - - - -
人均效率
员工人数 - 34,750 - - - - - - - - - - - - - - - - - - - - - - - -
人均创收(万) - 501.13 - - - - - - - - - - - - - - - - - - - - - - - -
人均创利(万) - 248.14 - - - - - - - - - - - - - - - - - - - - - - - -
人均薪酬(万) - 44.18 - - - - - - - - - - - - - - - - - - - - - - - -
市场表现
股价 1443.99 1524.00 1726.00 1727.00 2050.00 1998.00 1183.00 590.01 697.49 334.15 218.19 189.62 128.38 209.02 193.30 183.92 169.82 108.70 230.00 87.83 45.62 36.64 25.40 25.46 38.55 -
市值(亿) 18,083 19,144 21,682 21,695 25,752 25,099 14,861 7,412 8,762 4,198 2,741 2,165 1,333 2,170 2,007 1,736 1,603 1,026 2,171 828.94 215.28 144.09 76.83 70.02 96.38 -
PE 20.97 25.62 34.57 41.35 55.15 60.91 42.21 27.37 52.41 27.08 17.86 14.31 10.02 24.76 39.73 40.25 42.18 36.24 140.52 74.11 26.24 24.56 20.39 21.33 38.38 -
PB 7.77 9.22 11.19 12.11 14.77 16.91 11.86 7.24 10.39 6.12 4.58 4.44 3.46 6.94 8.80 9.91 11.50 9.69 31.58 15.51 4.57 3.73 2.40 2.47 17.16 -
股东户数 220,658 207,894 161,640 167,516 153,535 108,662 96,747 107,654 84,984 52,048 39,909 43,303 73,255 49,870 45,694 55,085 42,780 27,558 24,973 23,572 9,333 11,777 32,349 36,998 46,194 -