China Resources Beer (Holdings) Co. (HK:0291) has announced robust financial results for the year ending December 31, 2024, driven by its strategic focus on premiumisation in both its beer and baijiu businesses.
The company reported a consolidated turnover of RMB38.6 billion, supported by significant growth in its high-end product lines. Gross profit margins and earnings before interest and taxes (EBIT) saw substantial increases, while net cash from operating activities also experienced notable growth. Despite market fluctuations, China Resources Beer outperformed competitors in beer sales volume, particularly in its premium brands, including Heineken, Lao Xue, and Amstel.
The baijiu segment also recorded improvements in both sales and profitability, with the premium product ‘Zhaiyao’ contributing to the positive performance. Looking ahead to 2025, the company remains optimistic about continued expansion, citing support from national policies, economic growth, and effective cost management strategies.
About China Resources Beer (Holdings) Co.
China Resources Beer is a leading beverage company specializing in the production and distribution of beer and baijiu. The company has focused on a premiumisation strategy, enhancing the quality and market appeal of its products, particularly in the high-end beer segment.
Stock Performance and Market Sentiment
- Year-to-Date Price Performance: 10.32%
- Average Trading Volume: 496
- Technical Sentiment Consensus Rating: Buy
- Current Market Capitalization: $11.29 billion
For a detailed analysis of China Resources Beer’s stock performance, visit TipRanks’ Stock Analysis page.
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