港股啤酒股持续走强，华润啤酒(00291.HK)涨超3%，青岛啤酒股份(00168.HK)涨超2%，百威亚太 (01876.HK)涨超1%。 ...

Core Insights - Qingdao Beer has been recognized as one of the first "Chinese Consumer Brands" by the Ministry of Industry and Information Technology, highlighting its commitment to quality and consumer satisfaction [1] - The brand's unique "digital end-to-end quality management model" has allowed it to create products that exceed consumer expectations, reinforcing its strong market presence [1][6] Product Strategy - Qingdao Beer has developed a diverse product matrix consisting of 9 major series and over 70 products, catering to various consumer preferences and age groups [3] - The company has introduced innovative products such as the A6 and A3 from the upgraded Aogute series, as well as unique offerings like Nikashi White Beer and non-alcoholic White Beer, enhancing its product differentiation [5] Quality Management - The company emphasizes a rigorous quality control process, involving over 1,800 quality inspection projects and meticulous selection of ingredients, ensuring high standards in every bottle [7] - Qingdao Beer has integrated traditional craftsmanship with modern technology, digitizing quality management practices to preserve the expertise of its artisans [9] Consumer Engagement - Qingdao Beer has successfully positioned itself as a brand that resonates with younger consumers by creating products that align with their emotional and experiential values [10] - The brand has engaged in various marketing initiatives, including collaborations with sports events and the creation of themed products, to enhance its connection with consumers [12] Market Positioning - Qingdao Beer is seen as a leader in the Chinese beer industry, continuously innovating and adapting to market changes while maintaining a focus on quality [5][6] - The brand's ability to blend tradition with modern consumer trends has solidified its reputation as both a classic and trendy choice in the beverage market [10]

Core Viewpoint - Qingdao Beer Company reported a decline in revenue and sales for 2024, while net profit showed a slight increase, indicating challenges in the domestic beer market and the need for strategic restructuring with Qingdao Beverage Group [1][2][4]. Financial Performance - In 2024, Qingdao Beer achieved a total product sales volume of 7.538 million kiloliters, with revenue approximately 32.138 billion yuan, a year-on-year decrease of 5.3%. Net profit attributable to shareholders was about 4.345 billion yuan, an increase of 1.81% year-on-year [1]. - The fourth quarter revenue was 3.179 billion yuan, showing a year-on-year growth of approximately 7.47%, but the net loss attributable to shareholders was 645 million yuan, slightly higher than the previous year's loss of 640 million yuan [3]. Sales and Market Trends - For 2024, both the flagship Qingdao brand and other brands experienced declines in production and sales. Qingdao brand production was 4.26 million kiloliters (down 2%), and sales were 4.34 million kiloliters (down 4.84%). Other brands, represented by Laoshan, had production of 2.97 million kiloliters (down 2.96%) and sales of 3.2 million kiloliters (down 7.2%) [2]. - The company anticipates that the effects of national policies aimed at boosting consumption and expanding domestic demand will gradually manifest, potentially leading to market recovery [2][4]. Strategic Restructuring - Qingdao Beverage Group is being integrated into Qingdao Beer Group as part of a strategic restructuring, which is expected to enhance operational efficiency and market positioning [5][6]. - The restructuring aligns with the government's decision to transfer Qingdao Beverage Group to Qingdao Beer Group, indicating a focus on deep integration at the group level [2][5]. Future Outlook - The company expects a decline in raw material costs for 2025, as procurement for major materials has been largely secured at favorable rates [4]. - The beer industry is seen as entering a stable development phase, with a clearer competitive landscape and a trend towards high-end, green, and intelligent development [4].

2025年4月10日，上海证券交易所走进ETF成分股公司活动来到青岛，开展走进青岛啤酒专场活动。活动聚焦指数化投 资与实体经济深度融合，通过政策解读、行业研讨及企业调研，推动ETF市场创新发展，为投资者提供更优质的财富管 理工具与服务。 华夏基金资深策略分析师计晟灵看好消费类ETF的潜力。他分析称，中国目前面临外需的极大不确定性，将以更大力度 的内需去对冲外需的不确定性。未来一段时间，中国可能出台大量更进一步扩内需促消费的政策，啤酒等与居民休戚相 关的日常消费品极有可能被纳入新一轮消费补贴的范畴之内。 此次青岛啤酒专场活动，既是上交所深化ETF市场服务的实践，也是资本市场服务实体经济的生动缩影，能够让投资者 更生动地了解指数产品的深层运作机制与增长逻辑。未来，上交所将继续携手市场各方，推动ETF市场与国家战略同频 共振，为投资者创造可持续的财富价值。 作为中国资本市场的重要一员，上海证券交易所持续推进落实相关举措，政策效果日益显现，市场生态持续改善。近五 年来，境内ETF市场资金净流入逐年递增；境内挂牌上市的ETF数量迈入"千只时代"；境内ETF总规模达3.8万亿元。相 较于发达资本市场，境内ETF市场在股票 ...

Core Viewpoint - The restructuring and integration of Qingdao Beverage Group and Qingdao Beer Group is a strategic move to optimize the layout and structure of state-owned enterprises in Qingdao, aligning with national economic goals [5][6]. Group 1: Leadership Changes - Liu Fuhua has been appointed as the new Party Secretary and Chairman of Qingdao Beverage Group, previously serving as the Deputy General Manager of Qingdao Metro Group [5]. - The position of Chairman at Qingdao Beverage Group was vacant since the resignation of former Chairman Wang Da at the end of last year [5]. Group 2: Strategic Restructuring - The integration of Qingdao Beverage Group as a secondary enterprise under Qingdao Beer Group is part of a broader initiative to enhance the food and beverage industry in Qingdao [5][6]. - This restructuring is seen as a significant step in implementing the directives from the 20th National Congress of the Communist Party of China regarding the strengthening of state-owned enterprises [5]. Group 3: Business Overview - Qingdao Beverage Group operates in various sectors including mineral water, beverages, wine, food machinery manufacturing, international trade, cultural tourism, and ecological planting [6]. - The group owns two century-old brands, Laoshan Mineral Water and Qingdao Wine, with a combined brand value of 44 billion yuan, both ranked among the "Top 500 Chinese Brands" [6]. Group 4: Future Plans - Liu Fuhua outlined plans to position Laoshan Mineral Water as the "No. 1 high-end mineral water brand in China" and to develop a product matrix centered around health [6]. - The company aims to cultivate a tiered product lineup focusing on distinctive single products, establishing a development model centered on health [6].

Group 1 - The report highlights that in 2024, the total demand in the food and beverage industry is under pressure, with a year-on-year growth of 3.5% in social retail consumption, reflecting a significant slowdown compared to previous years [3][12] - The report anticipates that the food and beverage sector will see steady progress in 2025, supported by three main factors: increased consumer subsidies, potential valuation recovery, and accelerated industry innovation [3][4] - The report emphasizes that the food and beverage industry is expected to benefit from a combination of internal and external factors, leading to a more resilient market outlook [3][36] Group 2 - The report identifies that the performance of the food and beverage sector has been mixed, with essential goods showing resilience while discretionary spending remains volatile [12][30] - It notes that the liquor segment may see a strategic shift, with a focus on demand cultivation as the key to future growth [4][31] - The report suggests that the condiment sector could benefit from the recovery of the restaurant industry and the acceleration of chain operations, leading to increased market concentration [4][31] Group 3 - The report indicates that the dairy sector is poised for growth driven by strong domestic demand and a focus on product upgrades, presenting opportunities for domestic replacements and demand expansion [4][31] - It highlights that the snack food market remains fragmented, with supply chain advantages becoming more pronounced, and emphasizes the importance of revenue growth following scale expansion [4][31] - The beer segment is noted for its stable production but faces pressure on sales volume and pricing, with a focus on innovation and structural upgrades [4][31] Group 4 - The report discusses the overall market performance, indicating that the food and beverage sector experienced a cumulative decline of 8% in 2024, ranking it among the lowest in the industry [23][30] - It mentions that the food and beverage sector's revenue growth has been primarily driven by supply-side optimization, with demand remaining weak [30][31] - The report provides insights into the performance of various sub-sectors, with soft drinks and snacks showing double-digit growth, while liquor and processed foods faced declines [30][31]

《青岛啤酒股份有限公司董事会议事规则》 修订对照表 | 修订前条文 | 修订后条文 | | | --- | --- | --- | | 第二章 董事会的组成和职权 | 第二章 | 董事会的组成和职权 | | 第三条 董事会由九名董事组成，设董事长一人，副董事长一人。董事会 | 第三条 董事会由九名董事组成，设董事长一人，副董事长一人，其中应 | | | 成员中外部董事（指不在公司内部任职的董事，下同）应占董事会人数的 | 当至少包括三分之一以上且不少于三人的独立董事（指与公司及主要股东、 | | | 二分之一以上，其中应当至少包括三分之一以上且不少于三人的独立董事 | 实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独立 | | | （指与公司及主要股东、实际控制人不存在直接或者间接利害关系，或者 | 客观判断关系，且不在公司内部任职的董事），以及至少一名的职工代表 | | | 其他可能影响其进行独立客观判断关系，且不在公司内部任职的董事）。 | 董事。独立董事中至少包括一名符合公司上市地证券监管规则要求的会计 | | | 独立董事中至少包括一名符合公司上市地证券监管规则要求的会计专业人 | 专业 ...

《青岛啤酒股份有限公司股东会议事规则》 修订对照表 | 修订前条文 | 修订后条文 | | --- | --- | | 第一章 总则 | 第一章 总则 | | 第二条 本规则适用于公司股东大会，对公司、全体股东、股东授权代理 | 第二条 本规则适用于公司股东会，对公司、全体股东、股东授权代理人、 | | 人、公司董事、监事、总裁和其他高级管理人员以及列席股东大会会议的 | 公司董事、总裁和其他高级管理人员以及列席股东会会议的其他有关人员 | | 其他有关人员均具有约束力。 | 均具有约束力。 | | 第二章 提案的提出、征集与审核 | 第二章 提案的提出、征集与审核 | | 第六条 公司召开股东大会，董事会、监事会以及单独或者合并持有公司 | 第六条 公司召开股东会，董事会、审计与内控委员会以及单独或者合并 | | 有表决权的股份总数百分之三以上（含本数）的股东，有权向公司提出提 | 持有公司有表决权的股份总数百分之一以上（含本数）的股东，有权向公 | | 案。单独或者合计持有公司有表决权的股份总数百分之三以上（含本数） | 司提出提案。单独或者合计持有公司有表决权的股份总数百分之一以上（含 | | 的股东， ...

独立董事候选人声明与承诺 本人张然，已充分了解并同意由提名人青岛啤酒股份有限公 司（"公司"）董事会提名为公司第十一届董事会独立董事候选人。 本人公开声明，本人具备独立董事任职资格，保证不存在任何影 响本人担任公司独立董事独立性的关系，具体声明并承诺如下： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定（如适用）； （五）中共中央组织部《关于进一步规范党政领导干部在企 业兼职（任职）问题的意见》的相关规定（如适用）； 1 （六）中共中央纪委、教育部、监察部《关于加强高等学校 反腐倡廉建设的意见》的相关规定（如适用）； 一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董 ...

证券代码：600600 证券简称：青岛啤酒 编号：2025-011 青岛啤酒股份有限公司 关于建议修订公司章程及其附件的公告 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。 2023 年 12 月 29 日发布的《中华人民共和国公司法》（"《公司法》"），已于 2024 年 7 月 1 日正式实施。2024 年 12 月 27 日，中国证券监督管理委员会（"证 监会"）发布《关于新<公司法>配套制度规则实施相关过渡期安排》公告，要求 上市公司应当在 2026 年 1 月 1 日前，按照《公司法》《国务院关于实施<中华人 民共和国公司法>注册资本登记管理制度的规定》及证监会配套制度规则等规定， 在公司章程中规定在董事会中设审计委员会，行使《公司法》规定的监事会的职 权，不设监事会或者监事。 例调整为百分之一以上（含本数）；（4）明确公司章程依法允许混合式股东会及 电子投票；及（5）其他修订。 公司章程、股东会议事规则、董事会议事规则具体修改详见附件。本次修订 取消监事会并相应修订公司章程及其附件须经公司召开年度股东会以特别决议 ...