Beijing Yanjing Brewery Co. (000729) Q1 2026 earnings summary

Executive summary

• Achieved strong growth in Q1 2026, with revenue up 7.06% and net profit attributable to shareholders up 60.19% year-over-year, driven by high-end product strategy and operational efficiency improvements.

• Flagship product U8 maintained nearly 30% growth; new high-end product A10 launched in March, further strengthening product portfolio.

Financial highlights

• Revenue reached ¥4.10 billion, up 7.06% year-over-year.

• Net profit attributable to shareholders was ¥264.75 million, up 60.19% year-over-year.

• Net profit excluding non-recurring items was ¥258.79 million, up 69.09% year-over-year.

• Basic and diluted EPS both ¥0.0939, up 60.24% year-over-year.

• Operating cash flow was ¥1.28 billion, down 4.34% year-over-year.

• Total assets at quarter-end were ¥24.78 billion, up 4.35% from year-end 2025.

• Shareholders’ equity was ¥15.75 billion, up 1.71% from year-end 2025.

Outlook and guidance

• Continued focus on high-quality growth, product premiumization, and channel expansion to support annual targets.