The article provides the relationship between Yanjing Beer's core competitiveness and profit-making mode and capital operation, together with capital operation evaluation form, all those may have a certain reference value for other corporations, particularly for those on-the-market ones. 本文给出的燕京啤酒核心竞争力与盈利模式、资本运营之间的关系以及资本运营评估表,对于其它企业特别是上市公司有一定的借鉴意义。