CHINA RES BEER (00291) announced its interim results, with a net profit attributable to shareholders of 5.169 billion yuan, a year-on-year decrease of 10.71%.

CHINA RES BEER (00291) announced its interim results for the six months ended June 30, 2026, with revenue totaling RMB 24.24 billion, representing a year-on-year increase of 1.24%. The profit attributable to shareholders was RMB 5.169 billion, a decrease of 10.71% compared to the previous year, and the basic earnings per share were RMB 1.59. An interim dividend of RMB 0.446 per share will be paid. In terms of the beer business, the group achieved beer sales of approximately 6.6 billion liters in the first half of 2026, a year-on-year increase of 1.7%. The group's high-end beer products continued to perform well, with sales of mid-tier and above beers increasing by more than 10% year-on-year in the first half of 2026, while sales of mainstream premium beers and above grew by about 15%. Among them, sales of "Heineken" increased by over 20%, and sales of "Snow" and "Red" rose by more than 40% and over 80%, respectively. The three new mid-tier products, "Snow Flower Golden Crown," "Snow Flower German Wheat," and " superDry ," collectively contributed to a sales increase of over 7% for mid-tier and above products. The group's beer business reported an audited consolidated revenue increase of 2.2% year-on-year for the first half of 2026. The ongoing drive toward high-end products contributed to a 0.5% year-on-year rise in average selling prices. Excluding the gain of approximately RMB 115 million recognized from the investment relocation agreement, the group's audited earnings before interest and tax for its beer business rose by 1.2% year-on-year for the first half of 2026. In the baijiu business, the group reported an audited revenue of RMB 570 million for the first half of 2026, with an audited earnings before interest, tax, depreciation, and amortization of RMB 84 million, which represents a profitability ratio of 14.7%.