茅台公司财务报表分析

单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,贵州茅台2021-2021年度财务会计报表分析,组员：孙娟,邹岩,张玉兰,邵博雷,田文波,1,贵州茅台酒业简介,08-09,资产负债表及分析,08-09,利润表及分析,企业各项财务能力分析,关于茅台酒业,08-09,报告总结,2,公司简介,公司于1999年11月20日，由中国贵州茅台酒厂集团有限责任公司(现更名为中国贵州茅台酒厂有限责任公司)作为主发起人，并联合中国贵州茅台酒厂(集团)技术开发公司现更名为贵州茅台酒厂技术开发公司、贵州省轻纺集体工业联社、深圳清华大学研究院、中国食品发酵工业研究所、北京市糖业烟酒公司、江苏省糖烟酒总公司、上海捷强烟草糖酒集团共同发起设立。经营范围 贵州茅台酒系列产品的生产与销售；饮料、食品、包装材料的生产与销售；防伪技术开发；信息产业相关产品的研制、开发。,3,资产负债表水平分析表,项目,2009,年,2008,年,变动情况,对总资产影响（,%,）,变动额,变动百分比,流动资产,货币资金,9,743,152,155.24,8,093,721,891.16,1,649,430,264.08,20.38%,10.47%,应收票据,380,760,283.20,170,612,609.00,210,147,674.20,123.17%,1.33%,应收账款,21,386,314.28,34,825,094.84,-13,438,780.56,-38.59%,-0.09%,预付款项,1,203,126,087.16,741,638,536.34,461,487,550.82,62.23%,2.93%,应收利息,1,912,600.00,2,783,550.00,-870,950.00,-31.29%,-0.01%,其他应收款,96,001,483.15,82,601,388.17,13,400,094.98,16.22%,0.09%,存货,4,192,246,440.36,3,114,567,813.33,1,077,678,627.03,34.60%,6.84%,一年内到期的非流动资产,17,000,000.00,0,17,000,000.00,0,0.11%,流动资产合计,15,655,585,363.39,12,240,750,882.84,3,414,834,480.55,27.90%,21.68%,4,非流动资产,长期股权投资,4,000,000.00,4,000,000.00,0.00,0.00%,0.00%,持有至到期投资,10,000,000.00,42,000,000.00,-32,000,000.00,-76.19%,-0.20%,固定资产,3,168,725,156.29,2,190,171,911.89,978,553,244.40,44.68%,6.21%,工程物资,24,915,041.53,62,368,950.89,-37,453,909.36,-60.05%,-0.24%,在建工程,193,956,334.39,582,860,996.70,-388,904,662.31,-66.72%,-2.47%,无形资产,465,550,825.17,445,207,595.72,20,343,229.45,4.57%,0.13%,长期待摊费用,21,469,624.81,10,146,520.77,11,323,104.04,111.60%,0.07%,递延所得税资产,225,420,802.14,176,680,977.54,48,739,824.60,27.59%,0.31%,非流动资产合计,4,114,037,784.33,3,513,436,953.51,600,600,830.82,17.09%,3.81%,资产总计,19,769,623,147.72,15,754,187,836.35,4,015,435,311.37,25.49%,25.49%,5,流动负债,应付账款,139,121,352.45,121,289,073.57,17,832,278.88,14.70%,0.11%,预收款项,3,516,423,880.20,2,936,266,375.10,580,157,505.10,19.76%,3.68%,应付职工薪酬,463,948,636.85,361,007,478.77,102,941,158.08,28.51%,0.65%,应交税费,140,524,984.34,256,300,257.23,-115,775,272.89,-45.17%,-0.73%,应付股利,137,207,662.62,0,137,207,662.62,0,0.87%,其他应付款,710,831,237.05,575,906,355.73,134,924,881.32,23.43%,0.86%,流动负债合计,5,108,057,753.51,4,250,769,540.40,857,288,213.11,20.17%,5.44%,6,非流动负债,专项应付款,10,000,000.00,0,10,000,000.00,0,0.06%,非流动负债合计,10,000,000.00,0,10,000,000.00,0,0.06%,负债合计,5,118,057,753.51,4,250,769,540.40,867,288,213.11,20.40%,5.51%,所有者权益,实收资本,943,800,000.00,943,800,000.00,0.00,0.00%,0.00%,资本公积,1,374,964,415.72,1,374,964,415.72,0.00,0.00%,0.00%,盈余公积,1,585,666,147.40,1,001,133,829.72,584,532,317.68,58.39%,3.71%,未分配利润,10,561,552,279.69,7,924,671,271.03,2,636,881,008.66,33.27%,16.74%,归属于母公司股东权益合计,14,465,982,842.81,11,244,569,516.47,3,221,413,326.34,28.65%,20.45%,股东权益合计,14,651,565,394.21,11,503,418,295.95,3,148,147,098.26,27.37%,19.98%,负债及股东权益总计,19,769,623,147.72,15,754,187,836.35,4,015,435,311.37,25.49%,25.49%,7,资产负债分析,总资产：茅台近两年总资产呈增涨趋势。09年增涨25.49%。说明茅台酒业的规模一直在扩大，企业的竞争优势明显。,净资产是企业集团资产超过负债的局部，即全部资产减去全部负债后的净值。净资产代表企业集团所有者在企业中的财产价值。它是反映企业集团经营业绩的重要指标.由于茅台连年高额的净利润，再加上股东的再投入，使企业净资产高速增长。09年比08年增长28.65%。,8,利润表水平分析,项 目,09,年金额,08,年金额,本年比上年变化额,本期比上年同期增减（,%,）,一、营业收入,9,669,999,065.39,8,241,685,564.11,1,428,313,501.28,17.33%,减：营业成本,950,672,855.27,799,713,319.24,150,959,536.03,18.88%,营业税金及附加,940,508,549.66,681,761,604.71,258,746,944.95,37.95%,销售费用,621,284,334.75,532,024,659.80,89,259,674.95,16.78%,管理费用,1,217,158,463.04,941,174,062.44,275,984,400.60,29.32%,财务费用,-133,636,115.78,-102,500,765.33,-31,135,350.45,30.38%,资产减值损失,-300,085.01,450,078.22,-750,163.23,-166.67%,加：公允价值变动收益（损失以,“,”,填列）,投资收益（损失以,“,”,填列）,1,209,447.26,1,322,250,-112,802.74,-8.53%,其中：对联营企业和合营企业的投资收益,9,二、营业利润（亏损以,“,”,填列）,6,075,520,510.72,5,390,384,855.03,685,135,655.69,12.71%,加：营业外收入,6,247,977,6,282,035.79,-34,058.79,-0.54%,减：营业外支出,1,228,603.08,11,366,252.66,-10,137,649.58,-89.19%,其中：非流动资产损失,三、利润总额（亏损以,“,”,填列）,6,080,539,884.64,5,385,300,638.16,695,239,246.48,12.91%,减：所得税费用,1,527,650,940.64,1,384,541,295.05,143,109,645.59,10.34%,四、净利润（亏损以,“,”,填列）,4,552,888,944.00,4,000,759,343.11,552,129,600.89,13.80%,少数股东损益,240,442,819.27,201,278,784.60,39,164,034.67,19.46%,归属于母公司股东的净利润,4,312,446,124.73,3,799,480,558.51,512,965,566.22,13.50%,五、每股收益,（一）基本每股收益,4.57,4.03,0.54,13.40%,（二）稀释每股收益,4.57,4.03,0.54,13.40%,10,利润表分析,营业收入：收入是企业利润的来源，同时也反映市场规模的大小。09营业收入年比08年增涨17.33%。数据显示，公司营业收入增长。说明贵州茅台销售状况良好，市场开展前景较好。一方面，说明企业生产经营各项工作做得好，做好市场拓展和营销网络的管理，提升效劳质量和客户满意度，稳固和增大茅台酒及系列产品的消费群体，从而实现了营业收入的增加。另一方面是由于宏观经济的逐步向好,公司销售状况逐渐回暖。,净利润：是一个企业经营的最终成果，净利润多，企业的经营效益就好；净利润少，企业的经营效益就差，它是衡量一个企业经营效益的主要指标。09年利润比08年增加了13.80%，净利润的增多是因为企业利润总额的逐年增涨。,11,企业财务能力分析,偿债能力,营运能力,盈利能力,12,偿债能力分析,流动比率,流动比率=流动资产/流动负债,2021年=12,240,750,882.84/4,250,769,540.40=2.8797,2021年=15,655,585,363.39/5,108,057,753.51=3.0649,同比增长率=本年增长额/年初数额,2021年流动比率同比增长额/2.8797=6.43%,13,分析：流动比率即每一元流动负债有多少流动资产作为保障。一般来说流动比率保持在200%最为适当。茅台公司的流动比率均到达200%以上，说明公司短期偿债能力很强。09年比08年上升了6.43%,主要受流动资产上升27.90%的影响。说明公司短期偿债能力很强,14,速动比率：,速动比率=速动资产/流动负债,速动资产(2021年)=12,240,750,882.843,114,567,813.33=9126183069.51,速动资产(2021年,2021年速动比率=9126183069.51/4,250,769,540.40=2.1469,2021年速动比率,同比增长率=本年增长额/年初数额,2021年速动比率同比增长率=2.24422.1469/2.1469=4.53%,15,分析：速动比率表示每一元流动负债有多少