China Resources Beer's 2025 Profit Fell 29%
By Megan Cheah
China Resources Beer reported a sharp decline in 2025 net profit, amid a volatile consumer environment.
Net profit fell about 29% to 3.37 billon yuan, equivalent to US$489.4 million, the company said Monday. Revenue slipped 1.7% to 37.985 billion.
The company's board proposed a final dividend of 0.557 yuan a share, higher than the 0.387 yuan proposed in the year prior.
Its beer revenue remained stable at 36.49 billion yuan, with the segment's gross profit margin widening to 42.5%, supported by premiumization and lower raw-material costs.
The company also booked a 2.88 billion yuan impairment on goodwill tied to its baijiu business. The sector faces ongoing pressure from weaker demand and excess capacity.
Chair Zhao Chunwu said the company will strengthen its core beer business while developing baijiu as a second growth driver, including by expanding distribution and stabilizing pricing.
Shares fell 2.7% to 24.28 Hong Kong dollars, or US$3.10, before the earnings announcement.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
March 23, 2026 01:33 ET (05:33 GMT)
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