Beijing Yanjing Brewery Co. (000729) investor relations material

Executive summary

• Revenue reached ¥15.33 billion, up 4.54% year-over-year, with net profit attributable to shareholders at ¥1.68 billion, up 59.06% year-over-year, both hitting record highs.

• Beer sales volume was 4.053 million kiloliters, up 1.21% year-over-year, with the flagship U8 product growing 29.31% to 900,000 kiloliters.

• Operating profit rose 46.97% year-over-year to ¥2.36 billion, and total profit increased 50.77% to ¥2.37 billion.

• The company continued to optimize its product mix, expand high-end and specialty products, and accelerate digital and green transformation.

Financial highlights

• Operating income: ¥15.33 billion, up 4.54% year-over-year.

• Net profit attributable to shareholders: ¥1.68 billion, up 59.06% year-over-year.

• Operating cash flow: ¥2.72 billion, up 6.78% year-over-year.

• Basic and diluted EPS: ¥0.596, up 58.93% year-over-year.

• Gross margin for beer segment: 46.13%, up 3.52 percentage points year-over-year.

Outlook and guidance

• 2026 is the start of the new five-year plan, focusing on core beer business, product innovation, and digital/green transformation.

• Plans to invest approximately ¥1.5 billion in technical upgrades and expansion, funded by internal resources and bank loans.

• Targets further market share gains, high-end product growth, and enhanced risk management.