贵州茅台 (600519.SH) - Financial Report
Report generated on: 2025-12-31
| 代码 |
简称 |
上市日期 |
PE |
PB |
股息率(%) |
| 600519.SH |
贵州茅台 |
2001-08-27 |
20.18 |
7.66 |
3.72% |
主要指标
| 指标 |
2025Q3 |
2024A |
2023A |
2022A |
2021A |
2020A |
2019A |
2018A |
2017A |
2016A |
2015A |
2014A |
2013A |
2012A |
2011A |
2010A |
2009A |
2008A |
2007A |
2006A |
2005A |
2004A |
2003A |
2002A |
2001A |
2000A |
1999A |
1998A |
| 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 |
34.55% |
50.66% |
47.23% |
43.73% |
38.89% |
41.16% |
43.43% |
45.50% |
42.51% |
33.26% |
34.55% |
40.17% |
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% |
82.33% |
85.50% |
87.79% |
| 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% |
22.54% |
24.21% |
23.38% |
| 收入(亿) |
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 |
11.14 |
8.91 |
6.28 |
| 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% |
25.05% |
41.81% |
- |
| 净利润(亿) |
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 |
2.51 |
2.16 |
1.47 |
| 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% |
16.42% |
46.84% |
- |
| 经营净现金流(亿) |
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(亿) |
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(亿) |
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(亿) |
- |
647.63 |
627.87 |
600.73 |
272.28 |
242.36 |
213.87 |
182.64 |
138.17 |
85.26 |
77.52 |
52.14 |
47.40 |
63.31 |
37.35 |
21.39 |
10.07 |
9.82 |
7.10 |
5.95 |
0.00 |
2.12 |
0.94 |
0.42 |
1.32 |
- |
- |
- |
| 回购(亿) |
- |
180.00 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| 总资产(亿) |
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(亿) |
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(亿) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
费用指标
| 指标 |
2025Q3 |
2024A |
2023A |
2022A |
2021A |
2020A |
2019A |
2018A |
2017A |
2016A |
2015A |
2014A |
2013A |
2012A |
2011A |
2010A |
2009A |
2008A |
2007A |
2006A |
2005A |
2004A |
2003A |
2002A |
2001A |
2000A |
1999A |
1998A |
| 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% |
12.10% |
11.44% |
8.98% |
| 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% |
11.64% |
13.74% |
18.48% |
| SG&A比例 |
7.63% |
8.59% |
9.55% |
9.65% |
10.22% |
9.53% |
10.63% |
10.23% |
12.62% |
14.61% |
15.84% |
15.68% |
15.10% |
12.96% |
13.01% |
17.39% |
19.01% |
17.87% |
17.73% |
22.04% |
21.03% |
22.86% |
27.37% |
29.75% |
25.30% |
23.74% |
25.18% |
27.47% |
| 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% |
36.04% |
36.11% |
36.94% |
| 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% |
42.42% |
39.00% |
32.92% |
资产占比
| 指标 |
2025Q3 |
2024A |
2023A |
2022A |
2021A |
2020A |
2019A |
2018A |
2017A |
2016A |
2015A |
2014A |
2013A |
2012A |
2011A |
2010A |
2009A |
2008A |
2007A |
2006A |
2005A |
2004A |
2003A |
2002A |
2001A |
2000A |
1999A |
1998A |
| 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% |
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% |
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
| 指标 |
2025Q3 |
2024A |
2023A |
2022A |
2021A |
2020A |
2019A |
2018A |
2017A |
2016A |
2015A |
2014A |
2013A |
2012A |
2011A |
2010A |
2009A |
2008A |
2007A |
2006A |
2005A |
2004A |
2003A |
2002A |
2001A |
2000A |
1999A |
1998A |
| 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
| 指标 |
2025Q3 |
2024A |
2023A |
2022A |
2021A |
2020A |
2019A |
2018A |
2017A |
2016A |
2015A |
2014A |
2013A |
2012A |
2011A |
2010A |
2009A |
2008A |
2007A |
2006A |
2005A |
2004A |
2003A |
2002A |
2001A |
2000A |
1999A |
1998A |
| 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
| 指标 |
2025Q3 |
2024A |
2023A |
2022A |
2021A |
2020A |
2019A |
2018A |
2017A |
2016A |
2015A |
2014A |
2013A |
2012A |
2011A |
2010A |
2009A |
2008A |
2007A |
2006A |
2005A |
2004A |
2003A |
2002A |
2001A |
2000A |
1999A |
1998A |
| 股价 |
1389.72 |
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) |
17,403 |
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 |
20.18 |
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 |
7.66 |
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 |
238,512 |
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 |
- |
- |
- |
