Abstract: corporate finance report reflection corporate finance condition and business capacity. The stock investment value analysis is the stock investor investment decision important reference. This article first has carried on the analysis to the white liquor profession's basic situation, sought for the white liquor profession particularly white liquor main item profession the recent years high expanding reason, then has analyzed Wuliangye's basic situation and company's competitive advantage and the achievement, used 2000-2009 year Wuliangye corporate finance to report that has analyzed the Wuliangye Corporation's credit capacity, profit ability and transport business ability, the ultimate analysis in 2010 has invested Wuliangye's investment risk, and has given the corresponding investment suggestion.