|+()Table_Summary+6 5 2023 4“”7 24 7 28 20 8 3 2018 32%2023Q2 20 2023Q1 A 23Q1/1315.7/535.54+15.5%/+19.16%2022 6626.50 2018-2022 CAGR 5.43%A 2018-2022 CAGR 15.08%34.81%14.61pcts 49.42%2016 1593 2022 963 2023Q1/300:-30%-25%-20%-15%-10%-5%0%5%10%食品饮料 沪深300 3537|2 20/1 2 1ZEVzQqNoNmNpRtQnQpQpO7N8QaQoMqQpNmPjMrRvNiNoOvM7NqRsMMYsPrRxNpMtM|3 20$start$1.5 2.7.3.12.4.19.|4 20.|5 20 1 6 2023 1-6 8.2%6 9.60pcts 3.10%1-6 6.8%6 1.7%1-6 21.4%6 16.1%1-6 8.1%6 3.0%1-6 8.4%6 4.2%6 1 iFind 2 2023 6 2023 1-6%39951 3.1 227588 8.2 35426 3.7 205178 8.3 16658 2.3 85341 7.4-60623 10.8 34563 3.0 197532 8.1 5388 4.2 30056 8.4 4371 16.1 24329 21.4 1134 15.4 6230 23.5 35581 1.7 203259 6.8-20-10010203040010,00020,00030,00040,00050,00060,0002019-04-302019-06-302019-08-312019-10-312019-12-312020-04-302020-06-302020-08-312020-10-312020-12-312021-04-302021-06-302021-08-312021-10-312021-12-312022-04-302022-06-302022-08-312022-10-312022-12-312023-04-302023-06-30社会消费品零售总额:当月值（亿元）社会消费品零售总额:当月同比（%）|6 20 15524 1.4 79112 6.3 1631 5.4 9161 4.8 287 3.6 1433 1.0 460 9.6 2641 8.6 1238 6.9 6834 12.8 451 4.8 2071 8.6 267 7.8 1689 17.5 715-2.2 3748 5.0 141 9.2 585 10.5 1137 4.5 4270 1.0 592 6.6 3321 11.1 441-9.9 1895-3.9 5 2023 2023 6 6.5%2023 3 1.4pcts,5 2023 2023 5 3 4 iFind iFind 2023 4 2023 7 7 31 20 0.0020.0040.0060.0080.00100.00120.00140.002018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-312020-01-312020-04-302020-07-312020-10-312021-01-312021-04-302021-07-312021-10-312022-01-312022-04-302022-07-312022-10-312023-01-310.002.004.006.008.0010.0012.0014.0016.002018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-302019-12-312020-03-312020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-30|7 20 5 时间 事件名称 主要内容 2023 4 28 2023 7 18 2023 7 24 2023 7 28 2 2.1 2018 1 2 2023 8 3 PE 63.35 PE 16.85 2023Q1 2023 8 3 PE 31.84 2018 1 2 32%|8 20 6 iFind 2022 6 2592.58 2022 10 2023 6 2238.84 13.64%2023 2023 6 5.65%0.1pct 7 8 iFind iFind 0.0010.0020.0030.0040.0050.0060.0070.002018-01-022018-03-092018-05-152018-07-162018-09-132018-11-212019-01-232019-04-012019-06-062019-08-072019-10-152019-12-132020-02-212020-04-232020-06-302020-08-282020-11-052021-01-062021-03-152021-05-192021-07-202021-09-172021-11-262022-01-272022-04-072022-06-132022-08-112022-10-192022-12-192023-02-242023-04-272023-07-040.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%2019/3/12019/6/12019/9/12019/12/12020/3/12020/6/12020/9/12020/12/12021/3/12021/6/12021/9/12021/12/12022/3/12022/6/12022/9/12022/12/12023/3/12023/6/1-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%0.00500.001,000.001,500.002,000.002,500.003,000.003,500.002020/3/12020/6/12020/9/12020/12/12021/3/12021/6/12021/9/12021/12/12022/3/12022/6/12022/9/12022/12/12023/3/12023/6/1持股市值(亿元)同比增速|9 20 9 iFind 2023Q2 2023Q1 20 6 2023Q2 20 3 20 2023Q2 1326.74-12.05%615.63-20.70%577.22-25.34%10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 0123456789050001000015000200002500030000350004000045000%|10 20 18 19 20 chioce 2.2 7 24 1 2 8(/)3 8+20.76%+23.98%+28.46%/4 8-9 11 公司 主要活动(/)7 1-8 30 20 2023 7/9 300 1(7 9)18 1 1 5-19 6 8 9 1L 9 3-19 16 20 1L 16 259 6 10-9 10 5+|11 20+10 10(200)10()10 12 13 14 2023 20.76%23.98%28.46%-26.38%-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%贵州茅台 山西汾酒 今世缘 水井坊|12 20 2023+15 16 17 3 3.1 2022 6712 2011-2022 CAGR 5.44%2023/2027 7818/10709 2023-2027 CAGR 8.18%15002000250030003500400020 年普飞 飞天散瓶8608809009209409609801000-500.00 1,000.00 1,500.00 2,000.002020/09/242020/10/242020/11/242020/12/242021/01/242021/02/242021/03/242021/04/242021/05/242021/06/242021/07/242021/08/242021/09/242021/10/242021/11/242021/12/242022/01/242022/02/242022/03/242022/04/242022/05/242022/06/242022/07/242022/08/242022/09/242022/10/242022/11/242022/12/242023/01/242023/02/242023/03/242023/04/242023/05/242023/06/242023/07/24(52)(M3)(52)(52)1988(53)(52)30(53)|13 20 18 A 2022 A/3563.45/1305.1/+15.13%/+20.33%2023Q1 23Q1/1315.7/535.54+15.5%/+19.16%23Q1 19 20 iFind iFind 2022 A 23Q1 2022 A 631.6-3.26%2022 2021 2023Q1 407.31 2022Q1+1.59%-15%-10%-5%0%5%10%15%20%25%30%020004000600080001000012000市场规模（亿元）同比增速0.00%5.00%10.00%15.00%20.00%0.00500.001,000.001,500.002,000.002,500.003,000.003,500.004,000.00营收总额(亿元）YOY0.00%5.00%10.00%15.00%20.00%25.00%0.00200.00400.00600.00800.001,000.001,200.001,400.00归母净利润总额(亿元）YOY|14 20 21 iFind 2018 5363.83 2022 6626.50 4 CAGR 5.43%2018-2022 1867.4 3274.81 4 CAGR 15.08%34.81%14.61pct 49.42%22 771.99 888.54 979.93 1,094.64 1,275.54 400.30 501.18 573.21 662.09 739.69 130.55 158.17 166.53 206.42 251.24 241.60 231.26 211.01 253.50 301.05 93.82 118.80 139.90 199.71 262.14 86.86 104.17 102.92 132.70 167.13 22.12 26.50 27.04 49.69 60.56 11.87 15.12 18.26 34.14 40.50 37.41 48.74 51.22 64.08 78.88 28.19 35.39 30.06 46.32 46.73 42.69 46.72 40.11 50.29 51.35 1867.4 2174.59 2340.19 2793.58 3274.81 5363.83 5617.82 5836.39 6033.48 6626.5 34.81%38.71%40.10%46.30%49.42%iFind 2016 1358.4 2022 671.2-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%0.00100.00200.00300.00400.00500.00600.00700.002020 2021 2022 2023Q1合同负债总额(亿元）YOY|15 20 23 24 iFind 2016 1593 2022 963 25 3.2 2022 1358.41198.1871.2785.9740.7715.6671.2020040060080010001200140016002016 2017 2018 2019 2020 2021 20220204060801001201401602010-01-312010-07-312011-01-312011-07-312012-01-312012-07-312013-03-312013-09-302014-05-312014-11-302015-06-302015-12-312016-08-312017-04-302017-10-312018-06-302018-12-312019-08-312020-04-302020-10-312021-06-302021-12-312022-08-312023-04-301593144511761040965 9630200400600800100012001400160018002017 2018 2019 2020 2021 2022|16 20 22 A/2266.46/997.72+15.45%/+19.07%/1008.34/286.2+21.42%/+28.84%/288.65/21.18-4.29%/-13.78%2023Q1 2023Q1A/781.28/370.5+16.53%/+19.73%/435.46/149.75+14.24%/+17.95%/98.95/15.3+13.09%+17.45%26 27 iFind iFind 28 29 iFind iFind 2023Q1 2023Q1 20.57%18.66%13.03%2023Q1 29.10%20.59%15.89%23Q1 0.00500.001,000.001,500.002,000.002,500.002018 2019 2020 2021 2022 2023Q1高端白酒 次高端白酒 中低端白酒-10.00%0.00%10.00%20.00%30.00%40.00%2019 2020 2021 2022 2023Q1高端白酒 次高端白酒 中低端白酒0.00200.00400.00600.00800.001,000.001,200.002018 2019 2020 2021 2022 2023Q1高端白酒 次高端白酒 中低端白酒-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%2019 2020 2021 2022 2023Q1高端白酒 次高端白酒 中低端白酒|17 20,23Q1 i 2023H1 2022Q1 2023Q1 27.26%24.83%21.35%20.44%15.51%7.28%-39.69%-42.87%2023Q1 42.87%29.89%25.20%15.66%10.37%7.34%-42.38%-56.02%/2023Q1 26.61%25.48%21.60%18.53%14.00%10.43%4.63%2023Q1 228.11%214.40%56.32%56.32%36.97%27.17%10.41%-61.51%2023Q1 23Q1 30|18 20 iFind 31 iFind 2022 22 A 304.17+3.86%258.38-15.97%69.05+31.44%2023Q1 2023Q1 155.92+13.88%196.42-9.72%2022 54.97+18.42%|19 20 32 33 iFind iFind 4 4.1+1 2 4.2 1.2.3.0.0050.00100.00150.00200.00250.00300.00350.002020 2021 2022 2023Q1高端白酒 次高端白酒 中低端白酒-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%100.00%2021 2022 2023Q1高端白酒 次高端白酒 中低端白酒|20 20$end$Table_InudstryRankInfo 6 10 6 10-10 6 10 Table_StockRankInfo 6 15 6 5 15 6-5 5 6 5 300 Table_RiskInfo Table_PromiseInfo Tale_ReliefInfo Table_AdressInfo 1528 28 2007 11