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贵州茅台财务分析

☆财务分析☆ ◇600519 贵州茅台 更新日期:2018-11-26◇ 港澳资讯 灵通V7.0
☆【港澳资讯】所载文章、数据仅供参考,使用前务请仔细核实,风险自负。☆
★本栏包括【1.财务指标】【2.报表摘要】【3.异动科目】【4.环比分析】★

【1.财务指标】
【主要财务指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2018-09-30|2017-12-31|2016-12-31|2015-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|审计意见              |  未经审计|标准无保留|标准无保留|标准无保留|
|                      |          |      意见|      意见|      意见|
├───────────┼─────┼─────┼─────┼─────┤
|净利润(万元)          |2473355.27|2707936.03|1671836.27|1550309.03|
|净利润增长率(%)       |   23.7677|   61.9738|    7.8389|    0.9986|
|营业总收入(万元)      |5496926.65|6106275.69|4015508.44|3344685.90|
|营业总收入增长率(%)   |   23.5615|   52.0673|   20.0564|    3.8167|
|加权净资产收益率(%)   |   24.9300|   32.9500|   24.4400|   26.2300|
|资产负债比率(%)       |   27.8568|   28.6683|   32.7942|   23.2526|
├───────────┼─────┼─────┼─────┼─────┤
|净利润现金含量(%)     |  114.1012|   81.8078|  224.0127|  112.4701|
|基本每股收益(元)      |   19.6900|   21.5600|   13.3100|   12.3400|
|每股收益-扣除(元)     |         -|   21.6700|   13.5000|   12.4300|
|每股收益-摊薄(元)     |   19.6892|   21.5566|   13.3087|   12.3413|
├───────────┼─────┼─────┼─────┼─────┤
|每股资本公积金(元)    |    1.0945|    1.0945|    1.0945|    1.0945|
|每股未分配利润(元)    |   68.3381|   63.6932|   49.9267|   43.6866|
|每股净资产(元)        |   81.4917|   72.8003|   58.0276|   50.8885|
|每股经营现金流量(元)  |   22.4656|   17.6350|   29.8132|   13.8803|
|经营活动现金净流量增长|   23.8495|  -40.8483|  114.7885|   38.0274|
|率(%)                 |          |          |          |          |
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2018-09-30|2018-06-30|2018-03-31|2017-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|审计意见              |  未经审计|  未经审计|  未经审计|标准无保留|
|                      |          |          |          |      意见|
├───────────┼─────┼─────┼─────┼─────┤
|净利润(万元)          |2473355.27|1576418.58| 850690.67|2707936.03|
|净利润增长率(%)       |   23.7677|   40.1154|   38.9309|   61.9738|
|营业总收入(万元)      |5496926.65|3525146.48|1839525.68|6106275.69|
|营业总收入增长率(%)   |   23.5615|   38.2741|   32.2124|   52.0673|
|加权净资产收益率(%)   |   24.9300|   15.8700|    8.8900|   32.9500|
|资产负债比率(%)       |   27.8568|   25.7171|   21.7665|   28.6683|
├───────────┼─────┼─────┼─────┼─────┤
|净利润现金含量(%)     |  114.1012|  112.5020|   58.0176|   81.8078|
|基本每股收益(元)      |   19.6900|   12.5500|    6.7700|   21.5600|
|每股收益-扣除(元)     |         -|   12.6400|         -|   21.6700|
|每股收益-摊薄(元)     |   19.6892|   12.5491|    6.7720|   21.5566|
├───────────┼─────┼─────┼─────┼─────┤
|每股资本公积金(元)    |    1.0945|    1.0945|    1.0945|    1.0945|
|每股未分配利润(元)    |   68.3381|   61.1980|   70.4652|   63.6932|
|每股净资产(元)        |   81.4917|   74.3495|   79.5718|   72.8003|
|每股经营现金流量(元)  |   22.4656|   14.1180|    3.9289|   17.6350|
|经营活动现金净流量增长|   23.8495|  155.7190|  -19.2090|  -40.8483|
|率(%)                 |          |          |          |          |
└───────────┴─────┴─────┴─────┴─────┘
备注:以上指标P为扭亏为盈,L为持续亏损。

【偿债能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2018-09-30|2017-12-31|2016-12-31|2015-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|流动比率              |    3.0465|    2.9099|    2.4359|    3.2418|
|速动比率              |    2.5129|    2.3380|    1.8789|    2.3435|
|资产负债比率(%)       |   27.8568|   28.6683|   32.7942|   23.2526|
|产权比率(%)           |   38.6132|   40.1902|   48.7967|   30.2975|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2018-09-30|2018-06-30|2018-03-31|2017-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|流动比率              |    3.0465|    3.2262|    3.8229|    2.9099|
|速动比率              |    2.5129|    2.5648|    3.0696|    2.3380|
|资产负债比率(%)       |   27.8568|   25.7171|   21.7665|   28.6683|
|产权比率(%)           |   38.6132|   34.6205|   27.8225|   40.1902|
└───────────┴─────┴─────┴─────┴─────┘

【运营能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2018-09-30|2017-12-31|2016-12-31|2015-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|存货周转率            |    0.2112|    0.2784|    0.1765|    0.1539|
|流动资产周转率        |    0.4407|    0.5752|    0.5008|    0.5802|
|固定资产周转率        |    3.4762|    3.9208|    3.0045|    2.9974|
|总资产周转率          |    0.3708|    0.4704|    0.3901|    0.4292|
|每股现金流量增长率(%) |   23.8495|  -40.8483|  114.7885|   25.4791|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2018-09-30|2018-06-30|2018-03-31|2017-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|存货周转率            |    0.2112|    0.1371|    0.0689|    0.2784|
|流动资产周转率        |    0.4407|    0.3036|    0.1559|    0.5752|
|固定资产周转率        |    3.4762|    2.2153|    1.1482|    3.9208|
|总资产周转率          |    0.3708|    0.2525|    0.1299|    0.4704|
|每股现金流量增长率(%) |   23.8495|  155.7191|  -19.2091|  -40.8483|
└───────────┴─────┴─────┴─────┴─────┘
备注:以上指标P为扭亏为盈,L为持续亏损。

【盈利能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2018-09-30|2017-12-31|2016-12-31|2015-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业利润率            |   68.6003|   66.8867|   62.4402|   67.8484|
|营业净利率            |   50.8624|   49.8239|   46.1390|   50.3834|
|营业毛利率            |   91.1238|   89.7962|   91.2251|   92.2279|
├───────────┼─────┼─────┼─────┼─────┤
|成本费用利润率        |  187.0696|  176.1269|  152.0740|  196.1277|
|总资产报酬率          |   24.2435|   28.8799|   21.3228|   25.5800|
|加权净资产收益率      |   24.9300|   32.9500|   24.4400|   26.2300|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2018-09-30|2018-06-30|2018-03-31|2017-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业利润率            |   68.6003|   68.5094|   69.7215|   66.8867|
|营业净利率            |   50.8624|   50.6677|   52.2756|   49.8239|
|营业毛利率            |   91.1238|   90.9421|   91.3055|   89.7962|
├───────────┼─────┼─────┼─────┼─────┤
|成本费用利润率        |  187.0696|  184.4033|  196.6484|  176.1269|
|总资产报酬率          |   24.2435|   17.5264|    9.0754|   28.8799|
|加权净资产收益率      |   24.9300|   15.8700|    8.8900|   32.9500|
└───────────┴─────┴─────┴─────┴─────┘

【发展能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2018-09-30|2017-12-31|2016-12-31|2015-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业收入增长率        |   23.0650|   49.8059|   18.9917|    3.4385|
|总资产增长率          |   15.1570|   19.1930|   30.8605|   31.0116|
|营业利润增长率        |   25.1458|   60.4740|    9.5069|    0.2534|
├───────────┼─────┼─────┼─────┼─────┤
|净利润增长率          |   23.7677|   61.9738|    7.8389|    0.9986|
|净资产增长率          |   21.3540|   25.4580|   14.0290|   19.6435|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2018-09-30|2018-06-30|2018-03-31|2017-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业收入增长率        |   23.0650|   38.0598|   31.2393|   49.8059|
|总资产增长率          |   15.1570|    7.9182|   12.9655|   19.1930|
|营业利润增长率        |   25.1458|   41.9017|   38.5377|   60.4740|
├───────────┼─────┼─────┼─────┼─────┤
|净利润增长率          |   23.7677|   40.1154|   38.9309|   61.9738|
|净资产增长率          |   21.3540|   23.5049|   26.5006|   25.4580|
└───────────┴─────┴─────┴─────┴─────┘
备注:以上指标P为扭亏为盈,L为持续亏损。

【2.报表摘要】
【资产负债表摘要】
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2018-09-30|  2017-12-31|  2016-12-31|  2015-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|资产总额      | 14714767.24| 13461011.69| 11293453.83|  8630146.34|
|货币资金      | 10075085.73|  8786886.99|  6685496.21|  3680074.99|
|应收票据及应收|    62059.05|   122170.60|    81762.72|   857916.62|
|账款          |            |            |            |            |
|预付账款      |   112108.00|    79080.73|   104610.07|   147773.49|
├───────┼──────┼──────┼──────┼──────┤
|其他应收款    |    45024.33|    27278.21|     7722.76|     4821.90|
|存货          |  2186225.67|  2205748.14|  2062225.18|  1801329.70|
|流动资产总额  | 12483089.90| 11224918.60|  9018054.88|  6500451.40|
|固定资产      |  1481264.99|  1524409.66|  1445317.74|  1141595.32|
├───────┼──────┼──────┼──────┼──────┤
|负债总额      |  4099061.03|  3859048.94|  3703599.54|  2006729.30|
|应付票据及应付|    92272.43|    99205.59|   104060.82|    88097.61|
|账款          |            |            |            |            |
|预收帐款      |  1116753.38|  1442910.69|  1754108.22|   826158.21|
|流动负债      |  4097504.03|  3857491.94|  3702042.54|  2005172.30|
├───────┼──────┼──────┼──────┼──────┤
|非流动负债    |     1557.00|     1557.00|     1557.00|     1557.00|
|未分配利润    |  8584618.74|  8001130.75|  6271780.80|  5487896.45|
|盈余公积金    |  1329734.87|   821559.55|   713565.00|   621052.45|
|股东权益      | 10236962.87|  9145152.28|  7289413.78|  6392597.84|
|少数股东权益  |   378743.33|   456810.46|   300440.51|   230819.20|
|商誉          |           -|           -|           -|           -|
|在建工程(净额)|   235141.83|   201640.50|   274558.00|   489515.07|
|可出售金融资产|     2900.00|     2900.00|     2900.00|     2900.00|
└───────┴──────┴──────┴──────┴──────┘
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2018-09-30|  2018-06-30|  2018-03-31|  2017-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|资产总额      | 14714767.24| 12991483.25| 13440494.19| 13461011.69|
|货币资金      | 10075085.73|  8366017.06|  8721137.37|  8786886.99|
|应收票据及应收|    62059.05|    69029.45|    79874.65|   122170.60|
|账款          |            |            |            |            |
|预付账款      |   112108.00|    81885.55|    75680.28|    79080.73|
├───────┼──────┼──────┼──────┼──────┤
|其他应收款    |    45024.33|     6806.54|     4179.47|    27278.21|
|存货          |  2186225.67|  2208735.15|  2202630.39|  2205748.14|
|流动资产总额  | 12483089.90| 10773890.42| 11178138.60| 11224918.60|
|固定资产      |  1481264.99|  1490669.71|  1517933.76|  1524409.66|
├───────┼──────┼──────┼──────┼──────┤
|负债总额      |  4099061.03|  3341035.79|  2925526.08|  3859048.94|
|应付票据及应付|    92272.43|   116893.45|   102023.97|    99205.59|
|账款          |            |            |            |            |
|预收帐款      |  1116753.38|   994031.52|  1317206.84|  1442910.69|
|流动负债      |  4097504.03|  3339478.79|  2923969.08|  3857491.94|
├───────┼──────┼──────┼──────┼──────┤
|非流动负债    |     1557.00|     1557.00|     1557.00|     1557.00|
|未分配利润    |  8584618.74|  7687682.05|  8851821.41|  8001130.75|
|盈余公积金    |  1329734.87|  1329734.87|   821559.55|   821559.55|
|股东权益      | 10236962.87|  9339767.68|  9995794.74|  9145152.28|
|少数股东权益  |   378743.33|   310679.78|   519173.37|   456810.46|
|商誉          |           -|           -|           -|           -|
|在建工程(净额)|   235141.83|   232064.25|   237708.26|   201640.50|
|可出售金融资产|     2900.00|     2900.00|     2900.00|     2900.00|
└───────┴──────┴──────┴──────┴──────┘

【利润表摘要】
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2018-09-30|  2017-12-31|  2016-12-31|  2015-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|营业收入      |  5224167.00|  5821786.13|  3886219.00|  3265958.37|
|营业成本      |   463705.54|   594043.64|   341010.41|   253833.74|
|营业费用      |   284557.66|   298606.85|   168105.20|   148496.15|
|管理费用      |   368429.07|   472054.28|   418718.98|   381285.21|
├───────┼──────┼──────┼──────┼──────┤
|财务费用      |     -438.41|    -5572.23|    -3317.52|    -6726.68|
|投资收益      |           -|           -|           -|      386.93|
|营业利润      |  3583791.92|  3894000.75|  2426562.52|  2215899.20|
├───────┼──────┼──────┼──────┼──────┤
|营业外收支净额|   -26060.08|   -19993.54|   -30774.42|   -15727.70|
|利润总额      |  3557731.84|  3874007.21|  2395788.10|  2200171.50|
|净利润        |  2473355.27|  2707936.03|  1671836.27|  1550309.03|
└───────┴──────┴──────┴──────┴──────┘
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2018-09-30|  2018-06-30|  2018-03-31|  2017-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|营业收入      |  5224167.00|  3339670.99|  1746616.64|  5821786.13|
|营业成本      |   463705.54|   302502.51|   151859.29|   594043.64|
|营业费用      |   284557.66|   219958.80|    94509.05|   298606.85|
|管理费用      |   368429.07|   246041.55|   120420.48|   472054.28|
├───────┼──────┼──────┼──────┼──────┤
|财务费用      |     -438.41|     -422.46|     -346.06|    -5572.23|
|投资收益      |           -|           -|           -|           -|
|营业利润      |  3583791.92|  2287989.58|  1217767.84|  3894000.75|
├───────┼──────┼──────┼──────┼──────┤
|营业外收支净额|   -26060.08|   -15992.90|     -514.56|   -19993.54|
|利润总额      |  3557731.84|  2271996.68|  1217253.28|  3874007.21|
|净利润        |  2473355.27|  1576418.58|   850690.67|  2707936.03|
└───────┴──────┴──────┴──────┴──────┘

【现金流量表摘要】
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2018-09-30|  2017-12-31|  2016-12-31|  2015-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|销售商品收到现|  5761933.03|  6442147.93|  6101296.41|  3708307.18|
|金            |            |            |            |            |
|经营活动现金流|  6902659.91|  6736946.25|  6727914.56|  4001390.69|
|入            |            |            |            |            |
|经营活动现金流|  4080531.32|  4521642.64|  2982789.60|  2257756.67|
|出            |            |            |            |            |
|经营活动现金净|  2822128.59|  2215303.61|  3745124.96|  1743634.01|
|额            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|投资活动现金流|      841.05|     2144.71|      565.44|    10605.00|
|入            |            |            |            |            |
|投资活动现金流|   103153.43|   114209.23|   110815.52|   215484.03|
|出            |            |            |            |            |
|投资活动现金净|  -102312.38|  -112064.52|  -110250.08|  -204879.03|
|额            |            |            |            |            |
|筹资活动现金流|           -|      600.00|     1600.00|     2200.00|
|入            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|筹资活动现金流|  1643539.32|   890517.79|   835051.23|   561001.96|
|出            |            |            |            |            |
|筹资活动现金净| -1643539.32|  -889917.79|  -833451.23|  -558801.96|
|额            |            |            |            |            |
|汇率变动的现金|        7.27|        7.29|        7.23|    -1627.35|
|流            |            |            |            |            |
|现金流量净增加|  1076284.16|  1213328.59|  2801430.89|   978325.67|
|额            |            |            |            |            |
└───────┴──────┴──────┴──────┴──────┘
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2018-09-30|  2018-06-30|  2018-03-31|  2017-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|销售商品收到现|  5761933.03|  3461148.67|  1936609.33|  6442147.93|
|金            |            |            |            |            |
|经营活动现金流|  6902659.91|  3934465.47|  1840218.38|  6736946.25|
|入            |            |            |            |            |
|经营活动现金流|  4080531.32|  2160962.37|  1346668.30|  4521642.64|
|出            |            |            |            |            |
|经营活动现金净|  2822128.59|  1773503.10|   493550.07|  2215303.61|
|额            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|投资活动现金流|      841.05|       81.57|       15.02|     2144.71|
|入            |            |            |            |            |
|投资活动现金流|   103153.43|    74059.74|    59206.12|   114209.23|
|出            |            |            |            |            |
|投资活动现金净|  -102312.38|   -73978.17|   -59191.10|  -112064.52|
|额            |            |            |            |            |
|筹资活动现金流|           -|           -|           -|      600.00|
|入            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|筹资活动现金流|  1643539.32|  1385491.96|           -|   890517.79|
|出            |            |            |            |            |
|筹资活动现金净| -1643539.32| -1385491.96|           -|  -889917.79|
|额            |            |            |            |            |
|汇率变动的现金|        7.27|       -1.71|       -0.85|        7.29|
|流            |            |            |            |            |
|现金流量净增加|  1076284.16|   314031.25|   434358.12|  1213328.59|
|额            |            |            |            |            |
└───────┴──────┴──────┴──────┴──────┘

【3.异动科目】
【资产负债表异动科目】
┌────────┬──────┬──────┬────────────┐
|报表项目(单位: | 2018-06-30 |变动幅度(%) |        原因说明        |
|万元)           |            |            |                        |
├────────┼──────┼──────┼────────────┤
|应付职工薪酬    |    50580.98|      -73.40|主要是本期支付上年度年终|
|                |            |            |绩效工资及一次性缴纳上年|
|                |            |            |度企业年金              |
├────────┼──────┼──────┼────────────┤
|应收票据        |    69029.45|      -43.50|主要是公司全资子公司贵州|
|                |            |            |茅台酱香酒营销有限公司银|
|                |            |            |行承兑汇票到期收款      |
├────────┼──────┼──────┼────────────┤
|应付利息        |     3077.78|       31.45|主要是公司控股子公司贵州|
|                |            |            |茅台集团财务有限公司应付|
|                |            |            |成员单位利息增加        |
├────────┼──────┼──────┼────────────┤
|其他应付款      |   445974.67|       46.70|主要是经销商保证金及应付|
|                |            |            |促销费增加              |
├────────┼──────┼──────┼────────────┤
|其他应收款      |     6806.54|      117.30|主要是备用金等暂付款增加|
├────────┼──────┼──────┼────────────┤
|应收利息        |    38156.84|       58.03|主要是公司控股子公司贵州|
|                |            |            |茅台集团财务有限公司定期|
|                |            |            |存款应计利息增加        |
├────────┼──────┼──────┼────────────┤
|应付股利        |   258047.35|           -|主要是公司控股子公司贵州|
|                |            |            |茅台酒销售有限公司应付20|
|                |            |            |17年度现金股利。        |
├────────┼──────┼──────┼────────────┤
|预收账款        |   994031.52|      -31.11|主要是经销商预付的货款减|
|                |            |            |少                      |
├────────┼──────┼──────┼────────────┤
|少数股东权益    |   310679.78|      -31.99|主要是公司控股子公司贵州|
|                |            |            |茅台酒销售有限公司分配20|
|                |            |            |17年度股利              |
├────────┼──────┼──────┼────────────┤
|盈余公积        |  1329734.87|       61.85|主要是提取盈余公积      |
├────────┼──────┼──────┼────────────┤
|应交税费        |   171299.54|      -77.83|主要是本期缴纳年初应交税|
|                |            |            |费                      |
└────────┴──────┴──────┴────────────┘

【利润分配表异动科目】
┌────────┬──────┬──────┬────────────┐
|报表项目(单位: | 2018-06-30 |变动幅度(%) |        原因说明        |
|万元)           |            |            |                        |
├────────┼──────┼──────┼────────────┤
|营业收入        |  3339670.99|       38.06|主要是本期销量增加及主导|
|                |            |            |产品茅台酒价格上调。    |
├────────┼──────┼──────┼────────────┤
|营业成本        |   302502.51|       20.46|主要是本期销量增加及产品|
|                |            |            |结构变化。              |
├────────┼──────┼──────┼────────────┤
|管理费用        |   246041.55|       21.07|主要是本期职工薪酬费用、|
|                |            |            |商标许可使用费等增加。  |
├────────┼──────┼──────┼────────────┤
|财务费用        |     -422.46|       88.74|主要是本期公司商业银行存|
|                |            |            |款利息收入减少。        |
├────────┼──────┼──────┼────────────┤
|销售费用        |   219958.80|       59.52|主要是本期公司推进“133 |
|                |            |            |”品牌战略及酱香系列酒“|
|                |            |            |5+5”市场策略,增加市场 |
|                |            |            |投入。                  |
├────────┼──────┼──────┼────────────┤
|研发支出        |    11433.87|      -60.67|主要是公司研发项目较上年|
|                |            |            |同期减少。              |
└────────┴──────┴──────┴────────────┘

【现金流量表异动科目】
┌────────┬──────┬──────┬────────────┐
|报表项目(单位: | 2018-06-30 |变动幅度(%) |        原因说明        |
|万元)           |            |            |                        |
├────────┼──────┼──────┼────────────┤
|投资活动产生的现|   -73978.17|      -57.17|主要是购建固定资产、无形|
|金流量净额      |            |            |资产和其他长期资产支付的|
|                |            |            |现金较上年同期多。      |
├────────┼──────┼──────┼────────────┤
|筹资活动产生的现| -1385491.96|    -3706.30|主要是本期支付 2017年度 |
|金流量净额      |            |            |现金股利。              |
├────────┼──────┼──────┼────────────┤
|经营活动产生的现|  1773503.10|      155.72|主要是本期销售商品收到的|
|金流量净额      |            |            |现金、客户存款和同业存放|
|                |            |            |款项净增加额增加及存放中|
|                |            |            |央银行和同业款项净增加额|
|                |            |            |减少。                  |
└────────┴──────┴──────┴────────────┘

【4.环比分析】
┌───────────────────────────────────┐
|                               2017年度                               |
├────┬───────┬───────┬──────┬───────┤
|        |主营收入(万元)|占年度比重(%)|净利润(万元)|占年度比重(%)|
├────┼───────┼───────┼──────┼───────┤
| 一季度 |    1330863.91|         22.86|   612311.93|         22.61|
| 二季度 |    1088139.11|         18.69|   512774.16|         18.94|
| 三季度 |    1826043.73|         31.37|   873298.61|         32.25|
| 四季度 |    1576739.38|         27.08|   709551.33|         26.20|
└────┴───────┴───────┴──────┴───────┘
┌───────────────────────────────────┐
|                               2016年度                               |
├────┬───────┬───────┬──────┬───────┤
|        |主营收入(万元)|占年度比重(%)|净利润(万元)|占年度比重(%)|
├────┼───────┼───────┼──────┼───────┤
| 一季度 |     998875.37|         25.70|   488927.16|         29.24|
| 二季度 |     818448.09|         21.06|   391336.55|         23.41|
| 三季度 |     845864.94|         21.77|   366294.06|         21.91|
| 四季度 |    1223030.60|         31.47|   425278.50|         25.44|
└────┴───────┴───────┴──────┴───────┘

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