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China Resources Beer (Holdings) Company (0291) investor relations material
China Resources Beer (Holdings) Company H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved record financial performance in 1H2025, with gross profit margin, EBIT, and profit attributable to shareholders reaching all-time highs, driven by premiumisation and cost savings strategies.
Turnover for the first half of 2025 was RMB 23,942 million, up 0.8% year-over-year.
Interim dividend per share increased by 24% to RMB 0.464, rewarding shareholders.
Beer business outperformed peers in sales volume, average selling price, and turnover, with premium and sub-premium segments showing double-digit growth.
Online and instant retail businesses recorded nearly 40% and 50% year-on-year GMV growth, respectively.
Financial highlights
Profit attributable to shareholders grew 23% year-over-year to RMB 5,789 million; basic EPS up 23% to RMB 1.78.
EBITDA increased 19% to RMB 8,922 million; EBIT up 21% to RMB 7,691 million.
Net cash from operating activities increased 6% to RMB 6,373 million; net cash position up 44% to RMB 7,382 million.
Interim dividend per share increased 24.4% to RMB 0.464.
Net assets per share increased to RMB 11.16 from RMB 9.77 at year-end 2024.
Outlook and guidance
Continued focus on premiumisation, digital transformation, and cost efficiency to drive future growth.
Strategic partnerships, new product development, and innovative marketing to capture evolving consumer trends.
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