Beijing Yanjing Brewery Co. (000729) Q1 2025 earnings summary

Executive summary

• Achieved Q1 revenue of RMB 3.83 billion, up 6.69% year-over-year, with net profit attributable to shareholders at RMB 165 million, up 61.10% year-over-year, marking a strong start for 2025.

• Beer sales volume reached 995,000 kiloliters, with flagship product Yanjing U8 maintaining over 30% growth.

Financial highlights

• Operating cash flow was RMB 1.33 billion, up 49.02% year-over-year.

• Basic and diluted EPS were RMB 0.0586, up 60.99% year-over-year.

• Total assets at quarter-end were RMB 23.72 billion, up 2.46% from year-end 2024.

• Net assets attributable to shareholders rose 1.13% to RMB 14.78 billion.

• Non-recurring profit items contributed RMB 12.23 million, mainly from government grants and asset disposals.

Outlook and guidance

• Continued high-quality growth expected, with ongoing strategic reforms and governance upgrades supporting annual targets.