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Chongqing Brewery (600132) investor relations material
Chongqing Brewery Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary15 Aug, 2025
Executive summary
Revenue for H1 2025 was RMB 8.84 billion, down 0.24% year-over-year; net profit attributable to shareholders was RMB 864.98 million, down 4.03% year-over-year.
Sales volume reached 1.8008 million hectoliters, up 0.95% year-over-year, outperforming the industry average.
Cash flow from operating activities increased 13.8% year-over-year to RMB 2.91 billion.
No interim dividend or capital increase from reserves was proposed for the half-year.
Financial highlights
Operating income: RMB 8.84 billion, down 0.24% year-over-year.
Net profit attributable to shareholders: RMB 864.98 million, down 4.03% year-over-year.
Basic and diluted EPS: RMB 1.79, down 4.03% year-over-year.
Gross margin: 52.1% (calculated from reported revenue and cost of sales).
Net assets attributable to shareholders: RMB 1.62 billion, up 36.55% from year-end 2024.
Outlook and guidance
Management notes continued uncertainty in the consumer market recovery.
Raw material, packaging, energy, and labor costs may fluctuate due to climate, geopolitics, and supply-demand factors.
Competition is expected to intensify as national and niche beer brands increase market penetration.
What is the impact of the ESG plan?
How does the company manage safety?
What is the reason for R&D variance?
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Next Chongqing Brewery earnings date
Q3 202531 Oct, 2025
Next Chongqing Brewery earnings date
Q3 202531 Oct, 2025
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Frequently asked questions
Chongqing Brewery Co., Ltd. is a China-based company engaged in the production and sale of beer. The company manufactures a variety of beer products under its own brands, with offerings including lager, ale, and specialty beers, distributed across China and select international markets. The company is headquartered in Chongqing, China, and its shares are listed on the Shanghai Stock Exchange (SSE).
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