Beijing Yanjing Brewery Co. (000729) investor relations material

Executive summary

• Revenue for H1 2026 reached ¥9.03 billion, up 5.53% year-over-year, with net profit attributable to shareholders at ¥1.40 billion, a 26.86% increase year-over-year.

• Core product Yanjing U8 achieved sales of 614,100 kiloliters, up 25%+, and new high-end product A10 launched with positive market feedback.

• Operating cash flow was ¥2.89 billion, up 2.73% year-over-year, and the company maintained a strong cash position.

• The company continued to optimize its product matrix, expand high-end and non-alcoholic offerings, and strengthen nationwide channel management.

Financial highlights

• Operating income: ¥9.03 billion, up 5.53% year-over-year.

• Net profit attributable to shareholders: ¥1.40 billion, up 26.86% year-over-year.

• EPS: ¥0.4964, up 26.86% year-over-year.

• Gross margin for beer segment: 49.87%, up 4.20 percentage points year-over-year.

• Cash and cash equivalents at period end: ¥2.27 billion.

Outlook and guidance

• The company will continue to implement its “15th Five-Year” strategy, focusing on high-quality, sustainable growth and further expansion of high-end product lines.

• Emphasis on digital transformation, supply chain resilience, and green manufacturing to drive future efficiency and competitiveness.