Beijing Yanjing Brewery Co. (000729) Q3 2024 earnings summary

Executive summary

• Achieved revenue of ¥4.80 billion for Q3 2024, up 0.19% year-over-year; YTD revenue reached ¥12.85 billion, up 3.47% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥529.87 million, up 19.84% year-over-year; YTD net profit was ¥1.29 billion, up 34.73% year-over-year.

• Focused on high-end product strategy and digital transformation, with flagship product U8 driving sales structure optimization.

• Enhanced operational efficiency through supply chain and cost management improvements.

Financial highlights

• Q3 basic and diluted EPS were ¥0.1880, up 19.82% year-over-year; YTD EPS was ¥0.4570, up 34.73% year-over-year.

• Operating cash flow for Q3 was ¥3.29 billion, up 15.36% year-over-year.

• Total assets at period end were ¥24.93 billion, up 17.43% from year-end 2023.

• Net assets attributable to shareholders were ¥14.85 billion, up 7.27% from year-end 2023.

• Gross margin and profitability improved due to product mix and cost controls.

Outlook and guidance

• Continued focus on high-end product strategy and digital transformation to drive future growth.

• Ongoing optimization of sales structure and operational efficiency expected to support sustainable development.