中商官网
研究报告
泸州老窖（000568）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业利润 （元) |
利润总额 （元) |
净利润 （元) |
资产总计 （元) |
负债合计 （元) |
股东权益合计 （元) |
| 1991 | 139000000.0000 | 32235300.0000 | 41703800.0000 | 22553400.0000 | 268000000.0000 | 123000000.0000 | 145000000.0000 |
| 1992 | 213000000.0000 | 34908300.0000 | 71449500.0000 | 71449500.0000 | 385000000.0000 | 183000000.0000 | 202000000.0000 |
| 1993 | 225000000.0000 | 15897300.0000 | 80260900.0000 | 58891300.0000 | 504000000.0000 | 269000000.0000 | 235000000.0000 |
| 1994 | 317000000.0000 | 3409600.0000 | 123000000.0000 | 105000000.0000 | 687000000.0000 | 220000000.0000 | 467000000.0000 |
| 1995 | 717000000.0000 | 244000000.0000 | 243000000.0000 | 211000000.0000 | 858000000.0000 | 355000000.0000 | 503000000.0000 |
| 1996 | 964000000.0000 | 302000000.0000 | 301000000.0000 | 245000000.0000 | 1064000000.0000 | 452000000.0000 | 612000000.0000 |
| 1997 | 1070000000.0000 | 377000000.0000 | 376000000.0000 | 319000000.0000 | 1353000000.0000 | 535000000.0000 | 818000000.0000 |
| 1998 | 827000000.0000 | 160000000.0000 | 205000000.0000 | 126000000.0000 | 1781000000.0000 | 426000000.0000 | 1355000000.0000 |
| 1999 | 1018000000.0000 | 174000000.0000 | 242000000.0000 | 130000000.0000 | 1824000000.0000 | 652000000.0000 | 1171000000.0000 |
| 2000 | 945000000.0000 | 219000000.0000 | 217000000.0000 | 164000000.0000 | 2038000000.0000 | 707000000.0000 | 1331000000.0000 |
| 2001 | 997000000.0000 | 106000000.0000 | 103000000.0000 | 71381700.0000 | 2154000000.0000 | 873000000.0000 | 1281000000.0000 |
| 2002 | 1045000000.0000 | 69634000.0000 | 66372700.0000 | 30948800.0000 | 2467000000.0000 | 944000000.0000 | 1523000000.0000 |
| 2003 | 1177000000.0000 | 107000000.0000 | 98068900.0000 | 39036200.0000 | 2647000000.0000 | 1136000000.0000 | 1511000000.0000 |
| 2004 | 1280000000.0000 | 90762800.0000 | 91534700.0000 | 33220200.0000 | 2506000000.0000 | 954000000.0000 | 1553000000.0000 |
| 2005 | 1457000000.0000 | 119000000.0000 | 118000000.0000 | 44048700.0000 | 2650000000.0000 | 1093000000.0000 | 1557000000.0000 |
| 2006 | 1926000000.0000 | 493000000.0000 | 492000000.0000 | 322000000.0000 | 3458000000.0000 | 1213000000.0000 | 2245000000.0000 |
| 2007 | 2927000000.0000 | 1063000000.0000 | 1063000000.0000 | 772000000.0000 | 4492000000.0000 | 1781000000.0000 | 2711000000.0000 |
| 2008 | 3798000000.0000 | 1676000000.0000 | 1654000000.0000 | 1267000000.0000 | 5093000000.0000 | 1600000000.0000 | 3493000000.0000 |
| 2009 | 4370000000.0000 | 2155000000.0000 | 2152000000.0000 | 1691000000.0000 | 5983000000.0000 | 1718000000.0000 | 4264000000.0000 |
| 2010 | 5371000000.0000 | 2917000000.0000 | 2919000000.0000 | 2281000000.0000 | 8026000000.0000 | 2464000000.0000 | 5562000000.0000 |
| 2011 | 8428000000.0000 | 4032000000.0000 | 4045000000.0000 | 3056000000.0000 | 12477000000.0000 | 5252000000.0000 | 7225000000.0000 |
| 2012 | 11556000000.0000 | 6089000000.0000 | 6152000000.0000 | 4543000000.0000 | 15573000000.0000 | 5802000000.0000 | 9771000000.0000 |
| 2013 | 10431000000.0000 | 4675000000.0000 | 4680000000.0000 | 3538000000.0000 | 13907000000.0000 | 3263000000.0000 | 10643000000.0000 |
| 2014 | 5353000000.0000 | 1192000000.0000 | 1218000000.0000 | 976000000.0000 | 13171000000.0000 | 3377000000.0000 | 9793000000.0000 |
| 2015 | 6900000000.0000 | 1932000000.0000 | 1967000000.0000 | 1550000000.0000 | 13204000000.0000 | 2843000000.0000 | 10362000000.0000 |
| 2016 | 8627000000.0000 | 2551000000.0000 | 2559000000.0000 | 1979000000.0000 | 13966000000.0000 | 2862000000.0000 | 11104000000.0000 |
| 2017 | 10395000000.0000 | 3428000000.0000 | 3434000000.0000 | 2602000000.0000 | 19756000000.0000 | 4443000000.0000 | 15313000000.0000 |
| 2018 | 13055000000.0000 | 4677000000.0000 | 4659000000.0000 | 3510000000.0000 | 22605000000.0000 | 5481000000.0000 | 17124000000.0000 |
| 2019 | 15817000000.0000 | 6119000000.0000 | 6104000000.0000 | 4642000000.0000 | 28920000000.0000 | 9365000000.0000 | 19555000000.0000 |
| 2020 | 16653000000.0000 | 7959000000.0000 | 7939000000.0000 | 5959000000.0000 | 35009000000.0000 | 11827000000.0000 | 23182000000.0000 |
| 2021 | 20642000000.0000 | 10590000000.0000 | 10551000000.0000 | 7937000000.0000 | 43212000000.0000 | 15075000000.0000 | 28137000000.0000 |
| 2022 | 25124000000.0000 | 13847000000.0000 | 13855000000.0000 | 10411000000.0000 | 51385000000.0000 | 17057000000.0000 | 34329000000.0000 |
| 2023 | 30233000000.0000 | 17842000000.0000 | 17806000000.0000 | 13289000000.0000 | 63294000000.0000 | 21763000000.0000 | 41532000000.0000 |
| 2024 | 31196000000.0000 | 18207000000.0000 | 18205000000.0000 | 13498000000.0000 | 68335000000.0000 | 20827000000.0000 | 47508000000.0000 |
盈利能力分析
| 类别\年份 | 销售毛利率 （%) |
营业利润率 （%) |
总资产利润率 （%) |
净资产收益率 | 存货周转率 | 应收账款周转率 （次) |
总资产周转率 （次) |
| 1991 | 20.86 | 30.00 | 15.56 | -- | 0.8500 | -- | 0.52 |
| 1992 | 15.02 | 33.54 | 18.56 | -- | 1.0400 | 1241.38 | 0.55 |
| 1993 | 6.67 | 35.67 | 15.92 | -- | 0.9300 | 12.53 | 0.45 |
| 1994 | 0.32 | 38.80 | 17.90 | -- | 1.5300 | 17.60 | 0.46 |
| 1995 | 33.47 | 33.89 | 28.32 | -- | 1.5100 | 128.11 | 0.84 |
| 1996 | 31.02 | 31.22 | 28.29 | -- | 1.5500 | 80.54 | 0.91 |
| 1997 | 35.14 | 35.14 | 27.79 | -- | 1.3600 | 12.19 | 0.79 |
| 1998 | 22.97 | 24.79 | 11.51 | 13.7000 | 1.0200 | 5.76 | 0.46 |
| 1999 | 17.19 | 23.77 | 13.27 | -- | 0.9700 | -- | 0.56 |
| 2000 | 22.96 | 22.96 | 10.65 | 13.6000 | 0.7000 | -- | 0.46 |
| 2001 | 9.83 | 10.33 | 4.78 | 6.3700 | 0.6100 | 6.16 | 0.46 |
| 2002 | 5.65 | 6.35 | 2.69 | 2.4000 | 0.6100 | 6.80 | 0.42 |
| 2003 | 8.07 | 8.33 | 3.70 | 2.7600 | 0.6600 | 9.63 | 0.44 |
| 2004 | 6.48 | 7.15 | 3.65 | -- | 0.6500 | 17.10 | 0.51 |
| 2005 | 9.75 | 8.10 | 4.45 | 2.9800 | 0.6400 | 36.29 | 0.55 |
| 2006 | 25.91 | 25.55 | 14.23 | 19.3800 | 0.7000 | 54.14 | 0.56 |
| 2007 | 30.88 | 36.32 | 23.66 | 31.6800 | 1.0200 | 55.13 | 0.65 |
| 2008 | 39.60 | 43.55 | 32.48 | 41.4800 | 1.0600 | 82.19 | 0.75 |
| 2009 | 41.12 | 49.24 | 35.97 | 38.7800 | 1.2200 | 148.15 | 0.73 |
| 2010 | 47.78 | 54.35 | 36.37 | 41.2100 | 1.2300 | 137.93 | 0.67 |
| 2011 | 47.39 | 47.99 | 32.42 | 41.6800 | 1.5700 | 157.89 | 0.68 |
| 2012 | 49.42 | 53.24 | 39.50 | 46.8800 | 1.5700 | 165.14 | 0.74 |
| 2013 | 43.96 | 44.87 | 33.65 | 33.1500 | 1.6800 | 230.77 | 0.75 |
| 2014 | 19.54 | 22.75 | 9.25 | 7.9900 | 1.0700 | 720.00 | 0.41 |
| 2015 | 23.67 | 28.51 | 14.90 | 14.7400 | 1.2300 | 818.18 | 0.52 |
| 2016 | 27.18 | 29.66 | 18.32 | 17.7900 | 1.1700 | 1028.57 | 0.62 |
| 2017 | 31.43 | 33.04 | 17.38 | 20.3000 | 1.1000 | 1714.29 | 0.53 |
| 2018 | 34.89 | 35.69 | 20.61 | 21.8100 | 0.9700 | 1440.00 | 0.58 |
| 2019 | 37.26 | 38.59 | 21.11 | 25.5000 | 0.8900 | 1090.91 | 0.55 |
| 2020 | 46.35 | 47.67 | 22.68 | 28.2700 | 0.6800 | 1714.29 | 0.48 |
| 2021 | 50.04 | 51.11 | 24.42 | 31.1500 | 0.4900 | 12000.00 | 0.48 |
| 2022 | 54.52 | 55.15 | 26.96 | 33.3200 | 0.3900 | 7200.00 | 0.49 |
| 2023 | 58.20 | 58.90 | 28.13 | 35.0700 | 0.3300 | 2571.43 | 0.48 |
| 2024 | 58.16 | 58.36 | 26.64 | 30.4400 | 0.3100 | 2250.00 | 0.46 |
偿债能力分析
| 类别\年份 | 资产负债率 （%) |
股东权益比率 （%) |
流动比率 | 速动比率 |
| 1991 | 45.90 | 54.10 | 1.1600 | 0.4800 |
| 1992 | 47.53 | 52.47 | 1.0800 | 0.3800 |
| 1993 | 53.37 | 46.63 | 1.0200 | 0.3300 |
| 1994 | 32.02 | 67.98 | 1.7400 | 0.8600 |
| 1995 | 41.38 | 58.62 | 1.2100 | 0.5200 |
| 1996 | 42.48 | 57.52 | 1.1700 | 0.5700 |
| 1997 | 39.54 | 60.46 | 1.4100 | 0.8700 |
| 1998 | 23.92 | 76.08 | 2.3200 | 1.4100 |
| 1999 | 35.75 | 64.20 | 1.3800 | 0.7700 |
| 2000 | 34.69 | 65.31 | 2.7900 | 1.4300 |
| 2001 | 40.53 | 59.47 | 1.7500 | 0.7000 |
| 2002 | 38.27 | 61.73 | 1.7800 | 0.7800 |
| 2003 | 42.92 | 57.08 | 1.6500 | 0.7000 |
| 2004 | 38.07 | 61.97 | 1.7600 | 0.5100 |
| 2005 | 41.25 | 58.75 | 1.6100 | 0.4300 |
| 2006 | 35.08 | 64.92 | 2.0000 | 0.9100 |
| 2007 | 39.65 | 60.35 | 1.4100 | 0.3900 |
| 2008 | 31.42 | 68.58 | 1.5800 | 0.8000 |
| 2009 | 28.71 | 71.27 | 1.7500 | 0.9800 |
| 2010 | 30.70 | 69.30 | 1.8700 | 1.2200 |
| 2011 | 42.09 | 57.91 | 1.6900 | 1.2700 |
| 2012 | 37.26 | 62.74 | 2.2100 | 1.7000 |
| 2013 | 23.46 | 76.53 | 3.5400 | 2.7500 |
| 2014 | 25.64 | 74.35 | 2.9800 | 1.9500 |
| 2015 | 21.53 | 78.48 | 3.4500 | 2.2300 |
| 2016 | 20.49 | 79.51 | 3.9300 | 2.8200 |
| 2017 | 22.49 | 77.51 | 3.2700 | 2.5600 |
| 2018 | 24.25 | 75.75 | 2.8600 | 2.2000 |
| 2019 | 32.38 | 67.62 | 2.4000 | 1.8200 |
| 2020 | 33.78 | 66.22 | 2.5700 | 1.9300 |
| 2021 | 34.89 | 65.11 | 2.4300 | 1.7400 |
| 2022 | 33.19 | 66.81 | 3.1500 | 2.2000 |
| 2023 | 34.38 | 65.62 | 4.5000 | 3.3100 |
| 2024 | 30.48 | 69.52 | 3.5600 | 2.6000 |
成本费用分析
| 类别\年份 | 营业成本 （元) |
销售费用 （元) |
管理费用 （元) |
财务费用 （元) |
| 1991 | 110000000.0000 | 6876300.0000 | 10037600.0000 | 2012800.0000 |
| 1992 | 181000000.0000 | 9983100.0000 | 19055800.0000 | 2136200.0000 |
| 1993 | 210000000.0000 | 8462100.0000 | 18055700.0000 | 4475300.0000 |
| 1994 | 316000000.0000 | 8983700.0000 | 17746800.0000 | 1765000.0000 |
| 1995 | 477000000.0000 | 7224800.0000 | 68836800.0000 | 895400.0000 |
| 1996 | 665000000.0000 | 34501700.0000 | 77750300.0000 | 5025000.0000 |
| 1997 | 694000000.0000 | 98100900.0000 | 87135300.0000 | 10347200.0000 |
| 1998 | 637000000.0000 | 95770900.0000 | 106000000.0000 | 6047700.0000 |
| 1999 | 843000000.0000 | 192000000.0000 | 138000000.0000 | 9471900.0000 |
| 2000 | 728000000.0000 | 165000000.0000 | 91626500.0000 | 18118700.0000 |
| 2001 | 899000000.0000 | 233000000.0000 | 106000000.0000 | 28514600.0000 |
| 2002 | 986000000.0000 | 235000000.0000 | 138000000.0000 | 29191400.0000 |
| 2003 | 1082000000.0000 | 258000000.0000 | 128000000.0000 | 33070100.0000 |
| 2004 | 1197000000.0000 | 321000000.0000 | 144000000.0000 | 33695900.0000 |
| 2005 | 1315000000.0000 | 349000000.0000 | 130000000.0000 | 22072100.0000 |
| 2006 | 1427000000.0000 | 294000000.0000 | 134000000.0000 | 10859500.0000 |
| 2007 | 2023000000.0000 | 352000000.0000 | 168000000.0000 | 13925600.0000 |
| 2008 | 2294000000.0000 | 513000000.0000 | 227000000.0000 | 2206400.0000 |
| 2009 | 2573000000.0000 | 499000000.0000 | 290000000.0000 | -240700.0000 |
| 2010 | 2805000000.0000 | 323000000.0000 | 390000000.0000 | 7564100.0000 |
| 2011 | 4434000000.0000 | 390000000.0000 | 501000000.0000 | -3151900.0000 |
| 2012 | 5845000000.0000 | 665000000.0000 | 533000000.0000 | 13035600.0000 |
| 2013 | 5846000000.0000 | 680000000.0000 | 413000000.0000 | 10350600.0000 |
| 2014 | 4307000000.0000 | 579000000.0000 | 466000000.0000 | 177400.0000 |
| 2015 | 5267000000.0000 | 874000000.0000 | 443000000.0000 | 3247500.0000 |
| 2016 | 6282000000.0000 | 1557000000.0000 | 552000000.0000 | 16860400.0000 |
| 2017 | 7128000000.0000 | 2412000000.0000 | 518000000.0000 | 35320200.0000 |
| 2018 | 8500000000.0000 | 3393000000.0000 | 722000000.0000 | 63966500.0000 |
| 2019 | 9924000000.0000 | 4186000000.0000 | 829000000.0000 | 138000000.0000 |
| 2020 | 8935000000.0000 | 3091000000.0000 | 844000000.0000 | 67528600.0000 |
| 2021 | 10312000000.0000 | 3599000000.0000 | 1056000000.0000 | 128000000.0000 |
| 2022 | 11426000000.0000 | 3449000000.0000 | 1162000000.0000 | 115000000.0000 |
| 2023 | 12638000000.0000 | 3974000000.0000 | 1139000000.0000 | 324000000.0000 |
| 2024 | 13052000000.0000 | 3538000000.0000 | 1101000000.0000 | 302000000.0000 |