China Resources Beer (Holdings) Co ( (CRHKF) ) has released its Q4 earnings. Here is a breakdown of the information China Resources Beer (Holdings) Co presented to its investors.
China Resources Beer (Holdings) Company Limited, a prominent player in the alcoholic beverage industry, is engaged in the manufacturing, sales, and distribution of beer and baijiu, with a strong focus on premiumisation and market expansion.
In its 2024 earnings report, China Resources Beer announced a consolidated turnover of RMB38.635 billion, marking significant growth driven by its premiumisation strategy in both beer and baijiu segments. The company celebrated its 30th anniversary with record-high gross profit margins and robust cash flow, reflecting its strategic focus on high-quality development.
The company’s beer business achieved a turnover of RMB36.486 billion, with a notable increase in the premium beer segment, including brands like Heineken and Amstel. The baijiu business also saw a turnover increase to RMB2.149 billion, with a focus on cost control and product profitability. Strategic initiatives in capacity optimisation and new product launches contributed to these results.
Looking forward, China Resources Beer remains cautiously optimistic about 2025, with expectations of continued growth in turnover and profits. The company plans to leverage national policies, technological advancements, and strategic management to navigate market challenges and opportunities, aiming for sustained development in the alcoholic beverage industry.