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Chongqing Beer: Announcement on the 2024 Annual Results Report of Chongqing Brewery Co., Ltd.
Chongqing Brewery Co., Ltd. 2024 Annual Results Express Announcement
Chongqing Brewery's performance slightly fell short of Institutions' expectations, with revenue slightly declining and not meeting the annual growth target. | Interpretations
① Last year, Chongqing Brewery experienced a decline in both revenue and Net income, falling short of the expectations of most Brokerages and failing to meet the company's previously set revenue growth target. ② Last year, the overall sales volume of Chongqing Brewery's beer products decreased by 0.75%, but the proportion of high-end beer sales increased throughout the year. ③ Chongqing Brewery stated that the consumption scenarios of draft beer in its Dining and Entertainment channels are under pressure and it is accelerating the development of non-draft channels.
Chongqing Brewery (600132.SH) performance report: Net income for the 2024 fiscal year decreased by 6.84% year-on-year.
On February 6, Guolonghui reported that Chongqing Brewery (600132.SH) announced its performance report for the fiscal year 2024. During the reporting period, the company achieved a total revenue of 14.645 billion yuan, a decrease of 1.15% compared to the same period last year; the net income attributable to shareholders of the listed company was 1.245 billion yuan, a decrease of 6.84% compared to the same period last year; the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.222 billion yuan, a decrease of 7.04% compared to the same period last year; the EPS was 2.57 yuan, a decrease of 6.84% compared to the same period last year; the weighted average return on net assets was 64.94%, down 2 percentage points from the same period last year.
GTJA: The Beer Industry is expected to stabilize in volume and price, with decreasing costs and improved profit margins.
Based on recent market research and calculations, the sales outlook for the Beer Industry in 2025 is neutral, the industry structure upgrade will continue, costs are expected to decline, expenditures will be stable, and mid-term dividend rates are likely to increase.
Chongqing Brewery Co., Ltd.'s (SHSE:600132) Top Owners Are Public Companies With 60% Stake, While 24% Is Held by Individual Investors
There's No Escaping Chongqing Brewery Co., Ltd.'s (SHSE:600132) Muted Earnings
