贵州茅台 (600519.SH) - Financial Report
Report generated on: 2025-12-14
| 代码 |
简称 |
上市日期 |
PE |
PB |
股息率(%) |
| 600519.SH |
贵州茅台 |
2001-08-27 |
20.63 |
6.92 |
3.64% |
主要指标
| 指标 |
2025 Q3 |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
| ROE |
25.14% |
36.99% |
34.65% |
31.75% |
27.68% |
28.95% |
30.30% |
31.20% |
29.61% |
22.94% |
24.25% |
| ROA |
21.21% |
28.84% |
27.41% |
24.66% |
20.56% |
21.88% |
22.51% |
22.02% |
20.12% |
14.80% |
17.96% |
| ROCE/ROIC |
34.56% |
50.68% |
47.24% |
43.76% |
38.92% |
41.16% |
43.43% |
45.50% |
42.51% |
33.26% |
34.55% |
| 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% |
| 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% |
| 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 |
| 收入增速 |
6.32% |
15.66% |
18.04% |
16.53% |
11.71% |
10.29% |
15.10% |
26.43% |
52.07% |
20.06% |
- |
| 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 |
| 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% |
- |
| 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 |
| 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 |
| 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 |
| 分红(亿) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| 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 |
| 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 |
| 商誉(亿) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
费用指标
| 指标 |
2025 Q3 |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
资产占比
| 指标 |
2025 Q3 |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
| 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% |
| 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% |
| 应收款占比 |
0.01% |
0.01% |
0.02% |
0.01% |
- |
- |
- |
- |
- |
- |
0.00% |
| 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% |
| 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% |
| 长期投资占比 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
周转能力
| 指标 |
2025 Q3 |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
| 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 |
| 应收款周转天数 |
0 |
0 |
0 |
0 |
- |
- |
- |
- |
- |
- |
0 |
| 应付款周转天数 |
92 |
93 |
95 |
87 |
81 |
60 |
74 |
65 |
60 |
111 |
126 |
| 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 |
| 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 |
人均效率
| 指标 |
2025 Q3 |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
| 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 |
2025 Q3 |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
| 股价 |
1443.99 |
1524.00 |
1726.00 |
1727.00 |
2050.00 |
1998.00 |
1183.00 |
590.01 |
697.49 |
334.15 |
218.19 |
| 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 |
| PE |
20.97 |
25.62 |
34.57 |
41.35 |
55.15 |
60.91 |
42.21 |
27.37 |
52.41 |
27.08 |
17.86 |
| PB |
7.77 |
9.22 |
11.19 |
12.11 |
14.77 |
16.91 |
11.86 |
7.24 |
10.39 |
6.12 |
4.58 |
| 股东户数 |
220,658 |
201,582 |
150,025 |
145,225 |
175,267 |
114,267 |
89,062 |
88,932 |
63,980 |
53,437 |
46,869 |
