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.

cls.cnFeb 6 10:14 ET

After 17 years of hard work, how will the actual controller Tan Yuxin guide Lanzhou Huanghe Enterprise to its future? | Quick read of the announcement.

① The actual controller of Lanzhou Huanghe has changed hands. After 17 long years of struggling since planning to "backdoor" into restructuring in 2008, Tan Yuexin has finally taken the position. ② After the new team takes office, how will they lead the underperforming Lanzhou Huanghe out of the mire?

cls.cnDec 16, 2024 19:32 ET

Former "Northwest Beer King" changes ownership confirming, lanzhou huanghe enterprise's second shareholder may be promoted | Quick announcement

① There may be a change in control of Lanzhou Huanghe Enterprise, with the second shareholder potentially taking precedence, and the company's stocks will resume trading from tomorrow. ② Matters related to the "Framework Agreement" signed by all parties involved this time must be formalized in a separate equity transfer agreement before implementation.

cls.cnNov 7, 2024 10:48 ET

Chongqing Brewery: Revenue growth rate in the first three quarters is far below the annual target, with a decline in revenue from high-end products | Interpretations

1. Chongqing Brewery's revenue in the first three quarters increased by 0.26% year-on-year, falling short of the target guidance set at the beginning of the year. The company may not be able to meet this year's revenue expectations. 2. Sales of Chongqing Brewery's high-end products declined in the first three quarters, while sales of mainstream products remained stable, posing challenges to the company's high-end global strategy. 3. Some dealers have reflected that certain high-end products of Chongqing Brewery are difficult to sell, and there are instances of "indirect" bundling behavior.

cls.cnOct 30, 2024 08:40 ET

Tsingtao Brewery's Q3 revenue decreased by 5.28% year-on-year, with net income declining by 9.03% | Financial Report Insights

Tsingtao Brewery's Q3 revenue and net income both decreased year-on-year. The revenue was 8.891 billion yuan, a decrease of 5.28% year-on-year; while the net income was 1.348 billion yuan, a decrease of 9.03% year-on-year.

wallstreetcnOct 29, 2024 06:09 ET

Under the haze of food safety, the refinement of the “cost reduction” management of Tsingtao Brewery is being compromised

“Outsourcing” cannot be entirely blamed.

wallstreetcnOct 23, 2023 00:28 ET