Analysis on Financial Statements of Kweichow Moutai Co., Ltd.

The stock of Kweichow Moutai, as one of the representative of China's value investment stocks, rose nearly 60 times in the 19 years since its listing in 2001, its operating income increased from RMB 162 million in 2001 to RMB 88.9 billion in 2019, with a compound annual growth rate of 25%, and its net profit increased from RMB 330 million to RMB 40.5 billion, with a compound annual growth rate of 31%, attracting many investors to hold it for a long time.In this context, based on the financial statements of Moutai Co., Ltd in recent five years, this paper analyzes the financial ability of the enterprise, finds out the shortcomings of the enterprise according to the analysis results, and puts forward corresponding suggestions, so as to promote the development of the enterprise, also provide references for other companies' development.