Despite Delivering Investors Losses of 38% Over the Past 3 Years, China Resources Beer (Holdings) (HKG:291) Has Been Growing Its Earnings

Simply Wall St18:37 ET

Jefferies Adjusts China Resources Beer (Holdings)' Price Target to HK$39.03 From HK$34.40, Keeps at Buy

MT NewswiresMar 19 05:18 ET · Ratings

Goldman Sachs: Maintain CHINA RES BEER (00291) "Buy" rating Target Price 33.5 HKD.

The bank stated that CHINA RES BEER expects overall sales of its beer Business to grow positively this year, with the "Heineken NV Sponsored ADR" brand continuing to achieve double-digit percentage sales growth, and gross margin is expected to continue expanding.

Zhitong FinanceMar 19 02:53 ET

[Brokerage Focus] Huaxin Securities gave CHINA RES BEER (00291) an initial "Buy" rating, indicating that beer sales in the first two months of this year performed well despite a high base.

Jinwu Finance | Huaxin Securities Research Reports indicate that CHINA RES BEER (00291) is projected to have revenue of 38.635 billion yuan in 2024, a decrease of 0.76% year-on-year; Net income attributable to shareholders is estimated at 4.739 billion yuan, a year-on-year decrease of 8.03%; after excluding fixed asset impairments and one-time employee compensation relocation costs due to capacity optimization of 0.036 billion yuan (0.141 billion yuan in 2023), and government subsidies and land rights sale income of 0.266 billion yuan (0.937 billion yuan in 2023) in the second half of the year, net income attributable to shareholders is approximately 4.509 billion yuan, an increase of 3.49% year-on-year. In terms of profitability, the gross margin for the company in 2024 is 42.

Jinwu Financial NewsMar 19 02:25 ET

Hong Kong stocks movement | The gains of beer stocks widen in the afternoon; BUD APAC (01876) rises nearly 7%, and CHINA RES BEER (00291) increases by over 6%.

In the afternoon, beer stocks increased further; as of the time of this report, BUD APAC (01876) rose by 6.99% to HKD 9.79, and CHINA RES BEER (00291) rose by 6.49% to HKD 30.35.

Zhitong FinanceMar 19 01:39 ET

CHINA RES BEER (00291) increased by 6.14%. The premiumization of alcoholic beverages has led to a gross margin that reached a nearly five-year high last year. Morgan Stanley indicated that this will help with better profit growth this year.

Jinwu Financial News | CHINA RES BEER (00291) stock price rises, up 6.14% as of the time of publication, reported at 30.25 HKD, with a trading volume of 1.344 billion HKD. In terms of news, CHINA RES BEER announced that for the fiscal year ending December 31, 2024, the company's profit attributable to shareholders is 4.739 billion yuan (RMB, the same below), a year-on-year decrease of 8.03%; basic earnings per share are 1.46 yuan. A final dividend of 0.387 yuan per share is proposed, with a total annual dividend payout of 0.76 yuan. During the period, the operating income is 38.635 billion yuan, a year-on-year decrease of 0.76%; gross profit is 16.475 billion yuan, a year-on-year increase of 2.3.

Jingwu Financial NewsMar 19 01:24 ET

Hong Kong Stock Concept Tracking | In 2025, the Beer Industry will turn around from a slowdown, with leading companies benefiting from Consumer recovery (including concept stocks).

The CHINA RES BEER Earnings Reports show that in the first two months of 2025, beer sales achieved single-digit growth year-on-year, while Heineken NV Sponsored ADR Business maintained double-digit growth.

Zhitong FinanceMar 18 22:35 ET

CHINARES PHARMA: In 2024, the net income attributable to shareholders of China Resources Boya Bio-pharmaceutical Group is 0.397 billion yuan, an increase of 67.18% year-on-year.

CHINARES PHARMA (03320) announced that China Resources Boya Bio-pharmaceutical Group achieved a total operating income of 1.735 billion yuan for the year ending December 31, 2024, a year-on-year decrease of 34.58%; the Net income attributable to shareholders of the listed company was 0.397 billion yuan, a year-on-year increase of 67.18%; basic earnings per share were 0.79 yuan, and a cash dividend of 1.60 yuan (after tax) per 10 shares is proposed to be distributed to all shareholders of China Resources Boya Bio-pharmaceutical Group.

Sina Hong Kong StocksMar 18 20:42 ET

CHINA RES BEER's revenue for 2024 is 38.635 billion, a summary increase of 35%.

On March 18, CHINA RES BEER (Holdings) Company Limited released its 2024 annual report. In 2024, CHINA RES BEER's revenue reached 38.635 billion yuan, with a gross margin rising by 1.2 percentage points year-on-year to 42.6%, marking a five-year high. In terms of the Baijiu Sector, for the entire year of 2024, the Baijiu Business under CHINA RES BEER (i.e., Jinsha Liquor Industry) achieved revenue of 2.149 billion yuan, a year-on-year increase of 4%; the gross margin increased by 5.6 percentage points to 68.5%; sales of high-end L products grew by 35% compared to the same period last year, contributing to over 70% of the Baijiu Business's operating revenue. (Zhang Ao)

Sina TechnologyMar 18 04:17 ET

CHINA RES BEER (00291) will distribute a final dividend of 0.387 yuan per share on July 4.

CHINA RES BEER (00291) announced that the company will distribute a final dividend of 0.3 per share on July 4, 2025...

Zhitong FinanceMar 18 00:42 ET

China Resources Beer 2024 Net Fell on Lower Sales

WSJMar 18 00:36 ET

CHINA RES BEER (00291) announced its annual performance, with a profit attributable to Shareholders of 4.739 billion yuan, a decrease of 8.03% year-on-year. Sales of high-end beer are now ranked among the top in the Industry.

CHINA RES BEER (00291) announced that the group's revenue is 38.635 billion yuan, a year-on-year decrease of 0.76...

Zhitong FinanceMar 18 00:12 ET

China Resources Beer 2024 Net CNY4.74B Vs. Net CNY5.15B >0291.HK

Dow JonesMar 18 00:08 ET

China Resources Beer 2024 Rev CNY38.635B Vs. CNY38.93B >0291.HK

Dow JonesMar 18 00:08 ET

Express News | China Resources Beer Holdings Final Dividend of RMB 0.387 per Share

ReutersMar 18 00:03 ET

Express News | China Resources Beer - in First 2 Months of 2025, Preliminary Statistics Shows Group Achieved Single-Digit Growth in Beer Sales Volume

ReutersMar 18 00:03 ET

FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024

HKEXMar 18 00:02 ET · Announcements

The Dining, Alcoholic Beverages, and Sporting Goods sectors have all shown strong performance. The report from the China Consumer Association shows that over 60% of consumers believe the consumption environment is getting better.

Jinwu Financial News | The Consumer Sectors, including Dining, Alcoholic Beverages, and Sporting Goods, are showing strong performance. In the Dining Sector, JIUMAOJIU (09922) rose by 6.01%, XIABUXIABU (00520) increased by 4.65%, SHANGHAI XNG (03666) grew by 4.17%, HAIDILAO (06862) rose by 2.95%, and HAILUNSI (09869) increased by 2.42%. In the Alcoholic Beverages Sector, BUD APAC (01876) rose by 6.37%, CHINA RES BEER (00291) increased by 5.07%, TSINGTAO BREW (00168) grew by 4.99%, and DYNASTY WINES (00828) rose by 3.

Jinwu Financial NewsMar 14 01:36 ET

CHINA RES BEER (00291.HK) held a Board of Directors meeting on March 18 to consider and approve the annual performance.

On March 6, Gelonghui reported that CHINA RES BEER (00291.HK) announced that it will hold a Board of Directors meeting on March 18, 2025 (Tuesday) at Room 2301 & 2310, 23rd Floor, CHINA RES Building, 26 Harbor Road, Wan Chai, Hong Kong, to consider and approve (if applicable) the annual performance of the company and its subsidiaries for the year ending December 31, 2024, as well as to consider and approve (if applicable) the proposal for the distribution of the final dividend.

Gelonghui FinanceMar 6 04:18 ET

DATE OF BOARD MEETING

HKEXMar 6 04:13 ET · Announcements