Summary by Moomoo AI
In the first half of 2024, China Resources Beer achieved a revenue of approximately RMB 23.744 billion yuan, and the shareholders' net profit was approximately RMB 4.705 billion yuan, a year-on-year increase of 1.2%. The company's beer business sold approximately 6,348,000 kiloliters, a year-on-year decrease of 3.4%. However, the sales of high-end products were strong, and the proportion of mid-range and above beer sales exceeded 50% for the first time. The revenue of baijiu business was about RMB 1.178 billion yuan, a year-on-year increase of 20.6%, among which the sales growth of high-end l spirits exceeded 50%. Looking forward to the second half of the year, the company will continue to promote the "beer + baijiu" dual-enablement business model, control capital expenditures, and strive for annual revenue and profit growth. The board of directors declared a mid-term dividend of RMB 0.373 per share, an increase of 30%.
