中商官网
研究报告
山西汾酒（600809）
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) |
| 1990 | 254000000.0000 | 76627000.0000 | 75067600.0000 | -- | -- | -- | -- |
| 1991 | 324000000.0000 | 89683600.0000 | 87911900.0000 | -- | -- | -- | -- |
| 1992 | 422000000.0000 | 117000000.0000 | 114000000.0000 | -- | 494000000.0000 | 246000000.0000 | 247000000.0000 |
| 1993 | 599000000.0000 | 146000000.0000 | 142000000.0000 | -- | 946000000.0000 | 316000000.0000 | 630000000.0000 |
| 1994 | 466000000.0000 | 208000.0000 | 114000000.0000 | 96382000.0000 | 1058000000.0000 | 331000000.0000 | 727000000.0000 |
| 1995 | 328000000.0000 | 56735600.0000 | 54907200.0000 | 46684900.0000 | 1152000000.0000 | 460000000.0000 | 691000000.0000 |
| 1996 | 441000000.0000 | 62234500.0000 | 59964900.0000 | 50965600.0000 | 1137000000.0000 | 375000000.0000 | 762000000.0000 |
| 1997 | 451000000.0000 | 60974200.0000 | 60654300.0000 | 51697900.0000 | 1129000000.0000 | 358000000.0000 | 771000000.0000 |
| 1998 | 250000000.0000 | 4838900.0000 | 6999600.0000 | 5055900.0000 | 1111000000.0000 | 337000000.0000 | 774000000.0000 |
| 1999 | 303000000.0000 | 6101700.0000 | 9048900.0000 | 4648000.0000 | 1108000000.0000 | 330000000.0000 | 779000000.0000 |
| 2000 | 372000000.0000 | 14463400.0000 | 14489200.0000 | 10859300.0000 | 1119000000.0000 | 341000000.0000 | 778000000.0000 |
| 2001 | 433000000.0000 | 36234300.0000 | 36301300.0000 | 26402200.0000 | 1104000000.0000 | 325000000.0000 | 779000000.0000 |
| 2002 | 515000000.0000 | 42798300.0000 | 40282900.0000 | 15691700.0000 | 1027000000.0000 | 230000000.0000 | 797000000.0000 |
| 2003 | 626000000.0000 | 87044500.0000 | 73007000.0000 | 55277400.0000 | 1071000000.0000 | 235000000.0000 | 836000000.0000 |
| 2004 | 837000000.0000 | 208000000.0000 | 196000000.0000 | 112000000.0000 | 1204000000.0000 | 295000000.0000 | 909000000.0000 |
| 2005 | 1072000000.0000 | 280000000.0000 | 274000000.0000 | 168000000.0000 | 1335000000.0000 | 338000000.0000 | 997000000.0000 |
| 2006 | 1527000000.0000 | 504000000.0000 | 497000000.0000 | 318000000.0000 | 1665000000.0000 | 451000000.0000 | 1214000000.0000 |
| 2007 | 1847000000.0000 | 685000000.0000 | 668000000.0000 | 415000000.0000 | 1886000000.0000 | 484000000.0000 | 1402000000.0000 |
| 2008 | 1585000000.0000 | 486000000.0000 | 444000000.0000 | 315000000.0000 | 2115000000.0000 | 528000000.0000 | 1587000000.0000 |
| 2009 | 2143000000.0000 | 671000000.0000 | 662000000.0000 | 458000000.0000 | 2509000000.0000 | 716000000.0000 | 1792000000.0000 |
| 2010 | 3017000000.0000 | 889000000.0000 | 867000000.0000 | 602000000.0000 | 3456000000.0000 | 1396000000.0000 | 2060000000.0000 |
| 2011 | 4488000000.0000 | 1366000000.0000 | 1337000000.0000 | 925000000.0000 | 4912000000.0000 | 2330000000.0000 | 2581000000.0000 |
| 2012 | 6479000000.0000 | 2015000000.0000 | 1966000000.0000 | 1387000000.0000 | 6112000000.0000 | 2488000000.0000 | 3625000000.0000 |
| 2013 | 6087000000.0000 | 1485000000.0000 | 1441000000.0000 | 985000000.0000 | 5817000000.0000 | 1941000000.0000 | 3876000000.0000 |
| 2014 | 3916000000.0000 | 509000000.0000 | 477000000.0000 | 358000000.0000 | 5786000000.0000 | 1850000000.0000 | 3936000000.0000 |
| 2015 | 4129000000.0000 | 772000000.0000 | 760000000.0000 | 542000000.0000 | 6707000000.0000 | 2211000000.0000 | 4495000000.0000 |
| 2016 | 4405000000.0000 | 930000000.0000 | 920000000.0000 | 642000000.0000 | 7417000000.0000 | 2580000000.0000 | 4837000000.0000 |
| 2017 | 6361000000.0000 | 1395000000.0000 | 1393000000.0000 | 1012000000.0000 | 9504000000.0000 | 3919000000.0000 | 5585000000.0000 |
| 2018 | 9444000000.0000 | 2236000000.0000 | 2233000000.0000 | 1605000000.0000 | 12385000000.0000 | 5629000000.0000 | 6755000000.0000 |
| 2019 | 11893000000.0000 | 2929000000.0000 | 2931000000.0000 | 2116000000.0000 | 16720000000.0000 | 8827000000.0000 | 7893000000.0000 |
| 2020 | 13990000000.0000 | 4235000000.0000 | 4237000000.0000 | 3116000000.0000 | 19779000000.0000 | 9714000000.0000 | 10065000000.0000 |
| 2021 | 19971000000.0000 | 7029000000.0000 | 7091000000.0000 | 5390000000.0000 | 29955000000.0000 | 14368000000.0000 | 15587000000.0000 |
| 2022 | 26214000000.0000 | 10873000000.0000 | 10876000000.0000 | 8157000000.0000 | 36691000000.0000 | 14945000000.0000 | 21746000000.0000 |
| 2023 | 31928000000.0000 | 14224000000.0000 | 14205000000.0000 | 10459000000.0000 | 44096000000.0000 | 15821000000.0000 | 28275000000.0000 |
| 2024 | 36011000000.0000 | 16539000000.0000 | 16529000000.0000 | 12253000000.0000 | 53495000000.0000 | 18291000000.0000 | 35204000000.0000 |
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) |
| 1990 | 37.01 | 29.55 | -- | -- | -- | -- | -- |
| 1991 | 33.95 | 27.13 | -- | -- | -- | -- | -- |
| 1992 | 33.41 | 27.01 | 23.08 | -- | 0.5500 | 22.70 | 0.85 |
| 1993 | 24.37 | 23.71 | 15.01 | -- | 0.9800 | 6.68 | 0.63 |
| 1994 | 100.00 | 24.46 | 10.78 | -- | -- | -- | 0.44 |
| 1995 | 17.07 | 16.74 | 4.77 | -- | 0.5200 | 1.69 | 0.28 |
| 1996 | 14.06 | 13.60 | 5.27 | -- | 0.5800 | 2.63 | 0.39 |
| 1997 | 13.53 | 13.45 | 5.37 | -- | 0.6100 | 2.92 | 0.40 |
| 1998 | 1.60 | 2.80 | 0.63 | 0.5300 | 0.3300 | 1.53 | 0.23 |
| 1999 | 1.65 | 2.99 | 0.82 | -- | 0.3700 | -- | 0.27 |
| 2000 | 3.76 | 3.89 | 1.29 | 1.6200 | 0.4400 | -- | 0.33 |
| 2001 | 6.70 | 8.38 | 3.29 | 3.6200 | 0.5100 | 3.50 | 0.39 |
| 2002 | 6.21 | 7.82 | 3.92 | 2.0100 | 0.6100 | 4.17 | 0.50 |
| 2003 | 13.58 | 11.66 | 6.82 | 5.2400 | 0.7600 | 5.30 | 0.58 |
| 2004 | 24.61 | 23.42 | 16.28 | 10.5000 | 0.8100 | 7.92 | 0.70 |
| 2005 | 26.03 | 25.56 | 20.52 | 14.4900 | 0.8700 | 11.21 | 0.80 |
| 2006 | 32.94 | 32.55 | 29.85 | 25.3200 | 1.0400 | 18.01 | 0.92 |
| 2007 | 37.09 | 36.17 | 35.42 | 30.1600 | 0.9300 | 15.35 | 0.98 |
| 2008 | 30.66 | 28.01 | 20.99 | 17.8600 | 0.6300 | 15.60 | 0.75 |
| 2009 | 31.26 | 30.89 | 26.39 | 23.0000 | 0.7200 | 50.99 | 0.85 |
| 2010 | 29.50 | 28.74 | 25.09 | 27.5500 | 0.7700 | 85.31 | 0.87 |
| 2011 | 30.41 | 29.79 | 27.22 | 34.5000 | 0.9500 | 183.67 | 0.91 |
| 2012 | 31.10 | 30.34 | 32.17 | 44.1100 | 1.2200 | 307.69 | 1.06 |
| 2013 | 24.38 | 23.67 | 24.77 | 25.6200 | 0.9200 | 610.17 | 1.05 |
| 2014 | 13.00 | 12.18 | 8.24 | 9.2800 | 0.6800 | 3272.73 | 0.68 |
| 2015 | 18.70 | 18.41 | 11.33 | 12.5200 | 0.7100 | 666.67 | 0.62 |
| 2016 | 21.14 | 20.89 | 12.40 | 13.2400 | 0.7200 | 121.62 | 0.59 |
| 2017 | 21.90 | 21.90 | 14.66 | 19.0400 | 0.8600 | 164.38 | 0.67 |
| 2018 | 23.63 | 23.64 | 18.03 | 25.0800 | 1.1600 | 837.21 | 0.76 |
| 2019 | 25.44 | 24.64 | 17.53 | 27.4200 | 0.7900 | 1384.62 | 0.71 |
| 2020 | 30.60 | 30.29 | 21.42 | 35.0900 | 0.6700 | 3600.00 | 0.71 |
| 2021 | 34.63 | 35.51 | 23.67 | 42.0400 | 0.6900 | 12000.00 | 0.67 |
| 2022 | 40.17 | 41.49 | 29.64 | 44.7400 | 0.7200 | 36000.00 | 0.71 |
| 2023 | 42.94 | 44.49 | 32.21 | 43.0600 | 0.7400 | 81818.18 | 0.72 |
| 2024 | 45.00 | 45.90 | 30.90 | 39.6800 | 0.6900 | 240000.00 | 0.67 |
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 |
| 1990 | -- | -- | -- | -- |
| 1991 | -- | -- | -- | -- |
| 1992 | 49.80 | 50.00 | 1.3200 | 0.4900 |
| 1993 | 33.40 | 66.60 | 2.1400 | 1.2100 |
| 1994 | 31.29 | 68.71 | 1.7800 | 1.0600 |
| 1995 | 39.93 | 59.98 | 1.2200 | 0.5100 |
| 1996 | 32.98 | 67.02 | 1.4600 | 0.5700 |
| 1997 | 31.71 | 68.29 | 1.6600 | 0.6900 |
| 1998 | 30.33 | 69.67 | 1.7900 | 0.7000 |
| 1999 | 29.78 | 70.31 | 1.8800 | 0.7600 |
| 2000 | 30.47 | 69.53 | 1.9700 | 0.9300 |
| 2001 | 29.44 | 70.56 | 2.1400 | 1.1200 |
| 2002 | 22.40 | 77.60 | 2.6500 | 1.4400 |
| 2003 | 21.94 | 78.06 | 2.9400 | 1.6900 |
| 2004 | 24.50 | 75.50 | 2.7800 | 1.7000 |
| 2005 | 25.32 | 74.68 | 2.7400 | 1.6100 |
| 2006 | 27.09 | 72.91 | 2.7500 | 1.7500 |
| 2007 | 25.66 | 74.34 | 2.9500 | 1.8900 |
| 2008 | 24.96 | 75.04 | 2.9900 | 1.6500 |
| 2009 | 28.54 | 71.42 | 2.7600 | 1.5700 |
| 2010 | 40.39 | 59.61 | 2.0300 | 1.1400 |
| 2011 | 47.43 | 52.54 | 1.7200 | 1.1300 |
| 2012 | 40.71 | 59.31 | 1.9900 | 1.3700 |
| 2013 | 33.37 | 66.63 | 2.1100 | 1.1100 |
| 2014 | 31.97 | 68.03 | 2.0600 | 1.0000 |
| 2015 | 32.97 | 67.02 | 1.9300 | 1.0400 |
| 2016 | 34.78 | 65.22 | 1.8600 | 1.0800 |
| 2017 | 41.24 | 58.76 | 1.7400 | 0.9700 |
| 2018 | 45.45 | 54.54 | 1.7000 | 0.9500 |
| 2019 | 52.79 | 47.21 | 1.5100 | 0.8000 |
| 2020 | 49.11 | 50.89 | 1.6400 | 0.9400 |
| 2021 | 47.97 | 52.03 | 1.7700 | 1.1700 |
| 2022 | 40.73 | 59.27 | 1.9700 | 0.9000 |
| 2023 | 35.88 | 64.12 | 2.2800 | 0.3600 |
| 2024 | 34.19 | 65.81 | 2.4500 | 0.4500 |
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) |
| 1990 | 160000000.0000 | 2660900.0000 | 18490300.0000 | 3822800.0000 |
| 1991 | 214000000.0000 | 4571100.0000 | 25481400.0000 | 3180900.0000 |
| 1992 | 281000000.0000 | 6466600.0000 | 33893300.0000 | 2918300.0000 |
| 1993 | 453000000.0000 | 4424800.0000 | 28448000.0000 | 1937700.0000 |
| 1994 | -- | -- | -- | -- |
| 1995 | 272000000.0000 | 26311200.0000 | 24108400.0000 | 10539000.0000 |
| 1996 | 379000000.0000 | 37493900.0000 | 40241200.0000 | 11728200.0000 |
| 1997 | 390000000.0000 | 35407800.0000 | 35490800.0000 | 8915000.0000 |
| 1998 | 246000000.0000 | 25471400.0000 | 30404900.0000 | 8045600.0000 |
| 1999 | 298000000.0000 | 29941100.0000 | 40652400.0000 | 6444100.0000 |
| 2000 | 358000000.0000 | 54805500.0000 | 32990700.0000 | 6071600.0000 |
| 2001 | 404000000.0000 | 61778200.0000 | 44802700.0000 | 2885700.0000 |
| 2002 | 483000000.0000 | 94427300.0000 | 56489900.0000 | 1948800.0000 |
| 2003 | 541000000.0000 | 93082600.0000 | 76704600.0000 | 35300.0000 |
| 2004 | 631000000.0000 | 116000000.0000 | 81528200.0000 | 45700.0000 |
| 2005 | 793000000.0000 | 159000000.0000 | 108000000.0000 | 24200.0000 |
| 2006 | 1024000000.0000 | 213000000.0000 | 129000000.0000 | -1708400.0000 |
| 2007 | 1162000000.0000 | 363000000.0000 | 92056000.0000 | -3523600.0000 |
| 2008 | 1099000000.0000 | 310000000.0000 | 149000000.0000 | -647800.0000 |
| 2009 | 1473000000.0000 | 364000000.0000 | 202000000.0000 | -2004000.0000 |
| 2010 | 2127000000.0000 | 581000000.0000 | 304000000.0000 | -4437100.0000 |
| 2011 | 3123000000.0000 | 921000000.0000 | 320000000.0000 | -11654600.0000 |
| 2012 | 4464000000.0000 | 1378000000.0000 | 429000000.0000 | -43410200.0000 |
| 2013 | 4603000000.0000 | 1667000000.0000 | 460000000.0000 | -40332700.0000 |
| 2014 | 3407000000.0000 | 1114000000.0000 | 448000000.0000 | -16594800.0000 |
| 2015 | 3357000000.0000 | 915000000.0000 | 420000000.0000 | 1521700.0000 |
| 2016 | 3474000000.0000 | 775000000.0000 | 442000000.0000 | 201100.0000 |
| 2017 | 4968000000.0000 | 1140000000.0000 | 539000000.0000 | -7685700.0000 |
| 2018 | 7212000000.0000 | 1657000000.0000 | 698000000.0000 | -20081100.0000 |
| 2019 | 8867000000.0000 | 2544000000.0000 | 891000000.0000 | -96581200.0000 |
| 2020 | 9709000000.0000 | 2276000000.0000 | 1089000000.0000 | -47300600.0000 |
| 2021 | 13056000000.0000 | 3160000000.0000 | 1167000000.0000 | -1022200.0000 |
| 2022 | 15684000000.0000 | 3404000000.0000 | 1214000000.0000 | 723000.0000 |
| 2023 | 18219000000.0000 | 3217000000.0000 | 1202000000.0000 | 39420900.0000 |
| 2024 | 19807000000.0000 | 3726000000.0000 | 1447000000.0000 | 33655200.0000 |