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Winner, Winner: The Chicken McNugget Story
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Beijing Yanjing Brewery Co.
Beijing Yanjing Brewery Co. (000729) investor relations material
Beijing Yanjing Brewery Co. Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
9M 2026 revenue rose 4.34% YoY to ¥14.016B, while net profit attributable to shareholders increased 20.56% to ¥2.134B; profit growth outpaced revenue growth.
Q3 U8 momentum accelerated, with quarterly sales growth of 38%; 9M volume rose 30% YoY and exceeded the prior full-year level.
Financial highlights
Q3 revenue was ¥4.984B, up 2.25% YoY; net profit attributable to shareholders was ¥735.4M, up 10.15%.
Q3 adjusted net profit, excluding non-recurring items, was ¥727.7M, up 12.21% YoY; 9M adjusted net profit was ¥2.108B, up 25.10%.
9M operating profit was ¥2.973B, up 23.70% YoY; total net profit was ¥2.515B versus ¥2.057B.
9M cost of revenue declined to ¥6.949B from ¥7.094B YoY; income tax expense rose to ¥457.7M from ¥346.2M as earnings increased.
Outlook and guidance
Strategy centers on beer as the core business, with beverages and health foods as complementary businesses; priorities include management systems, channel development, supply-chain upgrades and digital transformation.
U8 growth, stronger terminal coverage and market penetration support continued product-mix upgrading and profit growth.
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Latest events from Beijing Yanjing Brewery Co.
- Net profit surged 26.86% year-over-year on strong premium product growth and margin gains.000729
Q2 2026 - Q1 2026 net profit jumped 60.19% on 7.06% revenue growth, led by premium product sales.000729Q1 2026
- Record revenue and profit growth, strong U8 sales, and higher dividends mark a standout 2025.000729Q4 2025
- Q3 net profit rose 26% year-over-year to ¥667.63 million on higher sales and improved margins.000729Q3 2025
- Net profit surged 45.45% year-over-year on strong beer sales and improved margins.000729Q2 2025
- Net profit surged 19.84% in Q3 2024, driven by premiumization and operational efficiency.000729Q3 2024
- Net profit jumped 47.54% on 5.52% revenue growth, with strong premiumization and cash flow.000729Q2 2024
- Q1 2025 net profit surged 61.10% on robust U8 sales and strong cash flow.000729Q1 2025
- Net profit surged 63.74% year-over-year, reaching a historical high amid industry challenges.000729Q4 2024
Next Beijing Yanjing Brewery Co. earnings date
Q4 202616 Apr, 2027
Beijing Yanjing Brewery Co.
Next Beijing Yanjing Brewery Co. earnings date
Q4 202616 Apr, 2027
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Frequently asked questions
Beijing Yanjing Brewery Co. is a state-owned enterprise based in Beijing, China, primarily focused on the brewing and distribution of beer. Founded in 1980, the company has grown to become one of the largest breweries in China, known for its range of pale lagers under the Yanjing brand, among others such as Liquan, Huiquan, and Xuelu. Y The company's product lineup extends beyond beer to include mineral water, beer materials, feed, yeast, and plastic boxes. The company is headquartered in Beijing, China, and its shares are listed on the Shenzen Stock Exchange.