---
title: "貴州茅台 (600519.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/600519.SH/norm.md"
symbol: "600519.SH"
name: "貴州茅台"
parent: "https://longbridge.com/zh-HK/quote/600519.SH.md"
datetime: "2026-06-13T20:43:46.307Z"
locales:
  - [en](https://longbridge.com/en/quote/600519.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600519.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600519.SH/norm.md)
---

# 貴州茅台 (600519.SH) — 財務報表

## 損益表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | 21.76 | 14.13 | 15.35 | 14.80 | 21.38 |
| ROE | 42.27% | 28.21% | 31.02% | 29.87% | 43.70% |
| 營業收入 | 53.91B | 40.38B | 39.06B | 38.79B | 50.60B |
| 凈利潤 | 27.24B | 17.69B | 19.22B | 18.56B | 26.85B |
| 營業利潤 | 36.67B | 24.33B | 25.87B | 24.70B | 35.96B |
| 毛利率 | 89.76% | 90.87% | 91.29% | 90.41% | 91.97% |
| 凈利率 | 50.53% | 43.81% | 49.21% | 47.84% | 53.06% |
| 利潤含金量 | 136.27% | 104.32% | 103.17% | 573.16% | 408.19% |

## 資產負債表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 319.92B | 303.83B | 304.74B | 292.26B | 312.37B |
| 權益乘數 | 1.14 | 1.20 | 1.15 | 1.17 | 1.16 |
| 每股凈資產 | 216.49 | 195.49 | 205.22 | 190.50 | 205.84 |
| 資產周轉率 | 0.5445 | 0.5602 | 0.6038 | 0.6242 | 0.5878 |
| 現金及短投 | 50.59B | 78.57B | 56.44B | 52.36B | 53.91B |
| 存貨與應收 | 60.69B | 61.43B | 55.86B | 54.97B | 54.80B |
| 長期投資 | 25.21B | 25.18B | 24.93B | 24.76B | 24.61B |
| 凈債務 | -50.34B | -78.34B | -56.18B | -52.09B | -53.62B |

## 現金流量表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | 26.91B | 23.33B | 25.08B | 4.31B | 8.81B |
| 投資現金流 | 25.64B | -26.22B | -5.11B | 309.87M | -624.22M |
| 融資現金流 | -1.01B | -30.18B | -3.35B | -38.29B | -1.61B |
| 自由現金流 | -35.84B | 53.68B | 3.25B | 34.30B | -12.64B |
| 現金流充裕率 | 4449.45% | 75.47% | 3750.46% | 12.18% | 977.60% |
| 舉債與償債 | - | - | - | - | - |
| 資本支出 | -604.79M | -844.73M | -686.87M | -694.89M | -901.10M |

## 分紅方案

**股息率**: 4.00

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| 1股派息 
23.957人民幣 | 2025-12-18 | 2025-12-19 | 2025-12-19 |
| 1股派息 
27.6人民幣 | 2025-06-25 | 2025-06-26 | 2025-06-26 |
| 1股派息 
23.882人民幣 | 2024-12-19 | 2024-12-20 | 2024-12-20 |