China Resources Beer (Holdings) Co ( (HK:0291) ) has issued an update.
China Resources Beer (Holdings) Co reported a strong financial performance for the year ended December 31, 2024, with a consolidated turnover of RMB38.6 billion, driven by its premiumisation strategy in both beer and baijiu businesses. The company achieved a significant increase in gross profit margin and EBIT, alongside a notable rise in net cash from operating activities. Despite market volatility, the company outperformed competitors in beer sales volume, with substantial growth in premium beer brands like Heineken, Lao Xue, and Amstel. The baijiu business also saw improvements in profitability and sales, particularly with the premium product ‘Zhaiyao.’ Looking forward, the company remains optimistic about continued growth in 2025, supported by national policies, economic growth, and strategic cost management.
More about China Resources Beer (Holdings) Co
China Resources Beer (Holdings) Co is a prominent player in the beverage industry, focusing on the production and distribution of beer and baijiu. The company is known for its premiumisation strategy, which aims to enhance the quality and market appeal of its products, particularly in the premium beer segment.
YTD Price Performance: 10.32%
Average Trading Volume: 496
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.29B
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