Beijing Yanjing Brewery Co. (000729) Q3 2025 earnings summary

Executive summary

• Achieved revenue of ¥4.87 billion for Q3 2025, up 1.55% year-over-year; YTD revenue reached ¥13.43 billion, up 4.57% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥667.63 million, up 26% year-over-year; YTD net profit was ¥1.77 billion, up 37.45% year-over-year.

• Beer sales volume for the first nine months was 3.4952 million kiloliters, up 1.39% year-over-year.

• Focused on product upgrades, supply chain digitalization, and channel integration to drive growth.

Financial highlights

• Gross margin and profitability improved, with basic EPS at ¥0.2369 for Q3 and ¥0.6281 YTD, both up 26% and 37.44% year-over-year, respectively.

• Operating cash flow for the period was ¥4.06 billion, up 23.51% year-over-year.

• Total assets at period end were ¥25.32 billion, up 9.4% from the previous year-end.

• Shareholders’ equity reached ¥15.85 billion, up 8.45% from the previous year-end.

Outlook and guidance

• Management emphasized a stable and improving operational foundation, supporting sustainable growth.

• Continued focus on high-quality development, innovation, and supply chain upgrades.