鉴于，截至本公告披露日，《股权转让协议》约定的交割先决条件未能满足， 本次股权收购交易终止，本公司无须就《股权转让协议》终止承担任何违约责任。 敬请广大投资者理性决策，审慎投资，注意投资风险。 证券代码：600600 证券简称：青岛啤酒 公告编号：2025—029 青岛啤酒股份有限公司 关于收购即墨黄酒 100%股权交易的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 青岛啤酒股份有限公司（以下简称"本公司"）于 2025 年 5 月 8 日披露《青 岛啤酒股份有限公司关于收购山东即墨黄酒厂有限公司 100%股权的公告》（公 告编号：2025-016），本公司现就本次股权收购的最新进展公告如下： 上述公告披露后，本公司根据《股权转让协议》的约定，积极推动即墨黄酒 股权收购交易的交割。本次股权收购的交割和交割后股权转让对价支付，以《股 权转让协议》约定的各项条件均得到满足且持续保持成就之法律或事实状态为先 决条件。 特此公告。 青岛啤酒股份有限公司 董事会 2025 年 10 月 27 日 1 ...

青岛啤酒公告称，公司于2025年5月8日披露收购山东即墨黄酒厂有限公司100%股权的公告。此后，公 司按《股权转让协议》推动股权收购交易交割，该交易以协议约定的各项条件满足且持续成就为前提。 截至公告披露日，交割先决条件未能满足，本次股权收购交易终止，公司无须承担违约责任。 ...

Core Points - The 2025 Dongfang Heat Wave Consumption Season and Qingdao Beer Carnival will officially kick off on October 25, lasting for 9 days, aimed at creating a vibrant consumption atmosphere for citizens and tourists during the autumn season [1] - The event will integrate local culture, coastal tourism, and economic consumption elements, featuring local specialties and transforming the venue into a "beer art space" for an immersive experience combining performances and beer [1][2] Event Highlights - The opening ceremony will include live performances from local bands, DJ shows, and a beer king competition, along with flash performances of musical segments, promoting a blend of beer and art [2] - A variety of local delicacies will be showcased during the beer festival, including signature dishes like Dongfang shrimp cakes, roasted suckling pig, and black goat, allowing visitors to enjoy authentic local flavors alongside refreshing beer [2] Consumer Engagement - The carnival will optimize the cultural tourism consumption model by allowing free entry for citizens and tourists, with various exclusive discounts from on-site food, retail, and cultural creative vendors, promoting mutual benefits among market participants [4] - The event is organized by CNR Cultural Media (Hainan) Co., Ltd., with guidance from local tourism and commerce authorities, and aims to enhance the cultural tourism industry as a pillar of economic value and social welfare for Dongfang [4]

智通财经APP获悉，香港联交所最新资料显示，10月21日，小摩减持青岛啤酒股份(00168)28.5885万 股，每股作价为54.1681港元，总金额约1548.58万元港元。减持后最新持股数目约为3909.66万股，持股 比例为5.96%。 （原标题：小摩减持青岛啤酒股份(00168)约28.59万股 每股作价约54.17港元） ...

香港联交所最新资料显示，10月21日，小摩减持青岛啤酒（600600）股份(00168)28.5885万股，每股作 价为54.1681港元，总金额约1548.58万元港元。减持后最新持股数目约为3909.66万股，持股比例为 5.96%。 ...

Group 1: Industry Overview - The overall sales in the industry are expected to decline by over 20%, with a gradual improvement month-on-month and a narrowing decline in the festive season of Mid-Autumn and National Day, estimated at around 20% [1] - Business banquets are performing weakly, while mass consumption and wedding banquets are relatively resilient, with a smaller decline in Q3; high-end gifting shows improvement before the holidays [1] - Major liquor companies are adopting a more pragmatic approach, accelerating adjustments to reduce channel pressure, cutting investment, and enhancing operational efficiency [1] Group 2: Company Performance - Leading liquor companies like Moutai and Wuliangye have achieved over 80% collection progress, while regional companies are generally around 70%, with pressure on mid-tier liquor companies [1] - Wuliangye has held dealer meetings in multiple locations, emphasizing strict checks on market price disruptions and announcing increased subsidy policies for different-sized dealers [1] - The report from Citic Securities indicates that the bottom of the industry fundamentals is expected to appear in Q3 2025, with Q3 of this year being the most challenging period for sales, prices, and market confidence [2] Group 3: Market Trends - Huachuang Securities highlights the importance of bottom catalysts in the liquor sector, with traditional consumption entering a bottom accumulation phase, and seasonal catalysts expected to drive valuation recovery [3] - The launch of the new flagship product "Dazhen" by Zhenjiu Lidu has achieved a collection of 370 million yuan, with over 2,800 alliance merchants signed [4] - In the beer sector, the acquisition of 53% of Xianpi Fulu's shares by Mixue Ice City marks its expansion into the alcoholic beverage market, with the financial performance to be consolidated into the group’s reports [5]

Core Points - Qingdao City has allocated 12.95 million yuan for 78 standardization projects in 2024, supporting 44 enterprises and institutions [1] - The projects include the development of international, national, and industry standards, with significant contributions from leading companies in various sectors [1][2] - The city aims to enhance its standardization efforts to support high-quality development in innovative industries [1][3] Group 1: Standardization Projects - 78 standardization projects received funding, including 2 international standards, 26 national standards, and 17 industry standards [1] - Key companies involved in international standard development include Haier Group, Haier Cloud, CRRC Qingdao Sifang, and Hisense Group [1][2] - The city has seen a 25% annual growth in the number of national standards led or participated in by local enterprises since 2021 [3] Group 2: Emerging and Advantageous Industries - In emerging industries, Hisense Vision Technology and Qingdao Spry Energy Technology are leading the development of national standards [2] - In advantageous industries, Haier Group and Qingdao Beer Co. are involved in international and national standard development for home appliances and beverages [2] - Qingdao Port Group is also contributing to national standards in automation and smart green port technologies [2] Group 3: Future Standards and Financial Support - Qingdao City is pursuing breakthroughs in future industries with new national standards being developed by companies like CETC Si Yi Technology [2] - Since 2021, the city has provided 70.98 million yuan in financial support for 2,148 standardization projects, significantly boosting participation [3] - The local government plans to continue promoting standardization as a key driver for innovation and economic development [3]

Core Insights - The event "2025 Wanning Heat Wave Consumption Season and Qingdao Beer Carnival" successfully attracted nearly 30,000 visitors over nine days, showcasing a deep integration of commerce, tourism, and culture in the night economy [1][4][6] - The carnival featured a variety of local delicacies and high-end beer products, creating an immersive consumption experience for attendees [1][4] - The event was supported by robust safety measures, with no reported safety incidents during the festivities, enhancing the overall visitor experience [3][4] Event Overview - The carnival ran from October 12 to October 20, culminating in a vibrant closing ceremony with performances and activities [1][6] - The "King of Beer" competition was a highlight, with participants engaging in fun activities, contributing to the lively atmosphere [1][3] - The event was designed to promote a diverse and integrated consumption model, linking various tourism resources and enhancing local economic activity [4][6] Safety and Community Engagement - Over 50 police and auxiliary officers were deployed to ensure safety, with measures including traffic management and public safety announcements [3][4] - The event provided community services, answering over 500 inquiries and assisting visitors, which contributed to a positive experience [3][4] Strategic Importance - The carnival exemplifies Wanning's strategy of hosting monthly events to stimulate seasonal tourism and consumption [4][6] - By leveraging the cultural influence of Qingdao Beer, the event aimed to upgrade local consumption patterns and activate broader economic activities [4][6]

Core Viewpoint - The 23rd China International Wine Expo was successfully held from October 17 to 19, showcasing a variety of Qingdao Beer products and new offerings, emphasizing a health-conscious approach to beer consumption [1] Product Highlights - Qingdao Beer introduced key products aligned with modern consumer trends, particularly highlighting "Qingdao Beer Light Dry," which focuses on low calories, low sugar, and high quality to cater to health-conscious consumers [2] - The "Qingdao Beer Light Dry" contains only 29 calories per 100ml and has a sugar content as low as 0.1g, promoting a lighter drinking experience [4] - The 0.0% alcohol white beer from Qingdao Beer won a gold medal at the 2025 Beer World Cup, utilizing advanced vacuum distillation technology to maintain the original flavor while reducing alcohol content to less than 0.05% [6] Awards and Recognition - Qingdao Beer showcased a full array of products at the expo, including award-winning items such as classic 1903, pure draft, white beer, and various high-end specialty beers, all of which have received gold medals in domestic and international competitions [10] Consumer Engagement - The expo featured interactive activities that combined "wine experience" with "fun interaction," enhancing audience participation and adding joy to consumers' quality of life [12]

Core Insights - The Chinese liquor industry is at a historical crossroads, facing both challenges and opportunities due to rational consumption trends and the impact of artificial intelligence on industry logic [1] - The "World Famous Wine Value Conference" held in Wuhan addressed key industry questions regarding the redefinition of liquor value, the shift from scale expansion to value creation, and the globalization of Chinese liquor [1] Industry Trends - The global liquor industry is undergoing structural changes, with the high-end and luxury segments leading growth at a compound annual growth rate (CAGR) of 10.3%, particularly driven by the Asia-Pacific region [2] - The Chinese baijiu market is expanding steadily, with a CAGR of 2.3%, showcasing strong industry resilience and cultural roots [2] - Traditional business banquet markets are contracting, while personalized and emotionally connected consumption scenarios are rapidly emerging, emphasizing the need for liquor brands to adopt innovative strategies for differentiation [2] Consumer Behavior - The concept of rational consumption has gained consensus, with consumers prioritizing products that offer a balance of cost-effectiveness, quality, and emotional value [4] - The long-term development of world-famous liquors should focus on the values of "coexistence, empathy, and sharing," integrating industry with nature and society [4][5] Internationalization Challenges - China's baijiu currently holds only a 2.3% share in the international market, highlighting the need for the industry to overcome misconceptions and adopt successful strategies from international wine markets [7] - Recommendations for internationalization include aligning with international standards, innovating products and marketing strategies, and fostering collaboration among industry players [7] Innovation and Strategy - Leading companies are responding to industry changes through innovative practices, such as digital empowerment, cross-industry collaborations, and enhancing consumer experiences [10] - Anhui Gujing Group is leveraging digitalization to enhance traditional brewing processes and is actively promoting baijiu internationally [12] - Luzhou Laojiao is focusing on brand innovation through product diversification and cultural collaborations to connect with younger consumers [14] - Qingdao Beer is enhancing consumer engagement through innovative product offerings and efficient delivery systems [19] Future Directions - The conference outlined a clear roadmap for the future of Chinese liquor, emphasizing the importance of gratitude towards nature, commitment to quality, and deep emotional resonance with consumers [30] - The industry is encouraged to embrace the philosophy of "coexistence, empathy, and sharing" to navigate the challenges ahead and achieve sustainable growth [30]