HK Stock Market Move | CHINA RES BEER (00291) afternoon decline widened by over 5%, with last year's net profit decreasing by 28.87% year-on-year.

CHINA RES BEER (00291) fell by over 5% in the afternoon, with a decrease of 5.13% to HKD 23.68 by the time of this report, with a trading volume of HKD 2.01 billion. In terms of news, CHINA RES BEER released its annual performance report for the period ending December 31, 2025. The group achieved a revenue of RMB 37.985 billion, a decrease of 1.68% year-on-year; the company's attributable profit to shareholders was RMB 3.371 billion, a decrease of 28.87% year-on-year; the basic earnings per share was RMB 1.04, with a proposed final dividend of RMB 0.557 per share. In terms of beer business, the group achieved a beer sales volume of approximately 11.03 billion liters in 2025, an increase of 1.4% year-on-year. In terms of liquor business, the group's liquor business revenue for 2025 was RMB 1.496 billion. Considering the current liquor market environment and the actual operating conditions of the liquor business, the group made a provision for impairment of goodwill for the liquor cash flow unit of RMB 2.877 billion. Excluding the impairment of goodwill, the pre-tax, pre-interest, depreciation and amortization profit of the liquor business for 2025 was RMB 0.264 billion.