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Reporter of China Business Network: Xie Zhenyu Editor of China Business Network: Dong Xingsheng

丨Tuesday, August 20, 2024丨

NO.1China Resources Beer: Overall turnover in the first half of the year was 23.744 billion yuan

August 19,China Resources BeerAnnounced the 2024 interim results. In the first half of 2024, the company's turnover was 23.744 billion yuan, and its net profit attributable to the parent was 4.705 billion yuan, a year-on-year increase of 1.2%. Among them, the beer business achieved an overall sales volume of 63.48 million kiloliters in the first half of the year, a year-on-year decrease of 3.4%. Achieved profit before interest and taxes of 6.365 billion yuan. In terms of liquor business, the turnover in the first half of the year was 1.178 billion yuan, a year-on-year increase of 20.6%, driving the gross profit margin to increase by 2.1 percentage points to 67.6%. The sales volume of the national large single product "Abstract" increased by more than 50% year-on-year, contributing about 70% of the liquor business turnover.

Comments:China Resources Beer's overall performance was stable, and its liquor business had a relatively high growth rate in the first half of the year due to a low base.

NO.2Yanjing Beer: Net profit of 758 million yuan in the first half of 2024

August 19,Yanjing BeerThe company released its 2024 semi-annual report, achieving operating income of 8.046 billion yuan in the first half of the year, a year-on-year increase of 5.52%; net profit attributable to shareholders of listed companies was 758 million yuan, a year-on-year increase of 47.54%.

Comments:Yanjing Beer's revenue increased in the first half of the year, and its net profit increased even more due to a reduction in some expenses.