China Res Beer (00291) is currently up more than 5%, as of the time of writing, up 4.81%, at HKD 23.95, with a turnover of HKD 0.15 billion.
According to the Wise Finance APP, China Res Beer (00291) is currently up more than 5%, as of the time of writing, up 4.81%, at HKD 23.95, with a turnover of HKD 0.15 billion.
On the news front, China Res Beer released its interim performance, with revenue of RMB 23.744 billion, a decrease of 0.53% year-on-year; shareholders' attributable profit of RMB 4.705 billion, a year-on-year increase of 1.2%; earnings per share of RMB 1.45; interim dividend per share of RMB 0.373. In terms of beer business, overall beer sales volume reached approximately 6.348 billion liters, a year-on-year decrease of 3.4%, outperforming some scaled beer companies.
Everbright Securities pointed out that the company's product structure continues to upgrade, with weak beer demand putting pressure on sales volume; the combination of cost reduction and cost control strengthens, and the profitability improves year-on-year. The bank pointed out that looking ahead to the second half of the year, the beer consumption environment is still severe, but with a lower base, the sales growth rate is expected to be better than the first half of the year.