截至2024年12月31日年度，赵春武执行董事之董事袍金获定为每年18万元。除董事袍金外，赵春武的酬 金包括薪金及津贴约158.52万元、年度住房公积金及社保约108817元以及酌情花红约178.78万元。 赵春武调任后，华润啤酒总裁职位暂时悬空。直至委任新总裁前，执行董事及主席赵春武将暂时承担过 渡期间总裁的工作及责任。由于总裁一职所需的深入知识及经验，华润啤酒无法确定能够委任本公司新 任总裁之时间，董事会及本公司提名委员会将继续检讨该事项。 6月27日，华润啤酒发布公告称，侯孝海辞任后，董事会主席职位将暂时悬空，直至公司委任合适继任 人。公司执行董事及总裁赵春武暂时承担过渡期间董事会主席的工作及责任。赵春武最新的一次亮相， 是华润啤酒业绩发布会。提到侯孝海离职一事，他表示"舍不得"。他称，现任管理层对于下一步发展有 着高度共识，对于此前侯孝海带领下的华润啤酒战略，以延续和发扬为主，不会有太大改动。 （文章来源：新京报） 新京报讯（记者王子扬）9月3日，啤酒企业华润啤酒（控股）有限公司（以下简称"华润啤酒"）发布公 告称，公司执行董事赵春武由公司总裁调任为董事会主席。此前，对华润啤酒影响深远的原华润啤酒董 ...

Group 1 - Zhao Chunwu has been officially appointed as the Chairman of China Resources Beer, transitioning from acting to formal leadership after the resignation of Hou Xiaohai [2][4] - Zhao Chunwu, a veteran with extensive experience in the company, has held various key positions since joining in 2003, including Vice President and General Manager of several core regional companies [4][6] - Under Zhao's leadership, the company aims to focus on practical management and continue its high-quality and premium development strategy, particularly in the beer sector [4][7] Group 2 - In the first half of 2023, China Resources Beer reported a total revenue of 23.942 billion yuan, a year-on-year increase of 0.8%, and a record net profit attributable to shareholders of 5.789 billion yuan, up 23% [7] - The growth in revenue was primarily driven by the surge in high-end beer sales, while the white liquor segment experienced a significant decline, with revenue dropping over 33% to 781 million yuan [7] - Zhao Chunwu indicated that the company will continue to enhance its "beer + liquor" dual empowerment business model despite challenges in the white liquor segment [7]

Core Viewpoint - The appointment of Zhao Chunwu as the new chairman of China Resources Beer marks a significant leadership transition following the resignation of Hou Xiaohai, with expectations for a pragmatic management style and a focus on high-quality and premium product strategies [1][3][6]. Group 1: Leadership Transition - Zhao Chunwu has been promoted from president to chairman and chairman of the finance committee, officially taking over the leadership role after serving in an interim capacity [1][3]. - Zhao Chunwu, a veteran with extensive experience in the company, has held various key positions since joining in 2003, indicating a deep understanding of the company's operations and market dynamics [3][6]. Group 2: Company Performance - In the first half of the year, China Resources Beer reported a total revenue of 23.942 billion yuan, a year-on-year increase of 0.8%, while net profit attributable to shareholders reached 5.789 billion yuan, up 23%, marking a historical high [7]. - The growth in revenue is primarily attributed to the surge in high-end beer sales, although the white liquor segment experienced a significant decline, with revenue dropping over 33% to 781 million yuan [7]. Group 3: Market Strategy - Zhao Chunwu emphasized the ongoing potential for premiumization in the beer industry and the need to cater to diverse consumer preferences by introducing more personalized and niche products [6][7]. - The company aims to maintain a dual empowerment business model of "beer + white liquor," focusing on high-quality and premium development strategies despite challenges in the white liquor segment [7].

Group 1 - The new chairman of China Resources Beer, Zhao Chunwu, will officially take over on September 3, 2025, after being appointed as the chairman and chairman of the finance committee [1] - Zhao Chunwu has extensive experience in the company, having joined China Resources Snow Beer in 2003 and held various key positions, including general manager of several regional companies [1] - The previous chairman, Hou Xiaohai, resigned on June 27, 2023, to focus on personal matters, leading to Zhao Chunwu temporarily assuming the chairman's responsibilities [2] Group 2 - Under Hou Xiaohai's leadership, China Resources Beer saw significant growth, with the company achieving a revenue of 23.942 billion yuan in the first half of 2025, a year-on-year increase of 0.8%, and a net profit of 5.789 billion yuan, up 23% [4] - The beer business generated revenue of 23.161 billion yuan, reflecting a 2.6% year-on-year growth, while the liquor business contributed 0.781 billion yuan, accounting for nearly 80% of the liquor business revenue [4] - The company is committed to a long-term and high-end development strategy, focusing on a dual empowerment business model of "beer + liquor" to navigate the complex consumer environment [4]

Core Viewpoint - The appointment of Zhao Chunwu as the new chairman of China Resources Beer marks a significant leadership transition within the company, following the departure of the previous chairman, Hou Xiaohai, less than three months ago [3]. Group 1: Leadership Transition - Zhao Chunwu has been promoted from president to chairman and will also serve as the chairman of the company's finance committee [2]. - Zhao has been with China Resources Snow Beer for 22 years, having held various managerial positions across different regions before becoming the vice president of China Resources Beer in May 2022 [3]. - During the interim period after Hou Xiaohai's departure, Zhao assumed the responsibilities of the chairman, indicating a smooth transition within the leadership [3][5]. Group 2: Business Performance - In the first half of the year, China Resources Beer reported a 2.6% year-on-year increase in beer revenue and a 2.2% increase in sales volume, outperforming the overall industry, which saw a 0.3% decline in beer production among large enterprises [3][4]. - The growth in sales is attributed to the positive impact of high-end product offerings, with premium and above beer sales growing by over 10% year-on-year [4]. - The "Heineken" brand maintained a growth rate of over 20%, while "Old Snow" saw a more than 70% increase in sales, and "Red Duke" sales doubled [4]. Group 3: Strategic Focus - Zhao Chunwu's primary tasks will include maintaining China Resources Beer's leadership position in the Chinese beer market and further enhancing the product mix towards high-end offerings to improve profitability [4]. - The board of directors expressed confidence in Zhao's management and leadership capabilities, believing he is the best candidate to drive the company's further development [4].

Investment Rating - The industry investment rating is "Positive" (maintained) [2][9] Core Viewpoints - Recent policies aimed at boosting consumption, such as the "2025 Shaoxing City Consumption Promotion Policy," are expected to benefit cyclical sectors, particularly in the liquor and restaurant chains [5] - The policy includes subsidies for banquet consumption, which will directly stimulate demand for liquor and benefit suppliers in the banquet consumption chain [5] - The report anticipates that similar policies may be adopted in other regions, which could enhance overall consumer demand and support the recovery of liquor demand and banquet supply chain enterprises [5] - The restaurant industry is currently at the bottom of its cycle but is expected to gradually recover due to ongoing policy support, with specific recommendations for various segments including liquor, restaurant chains, beer, and yellow wine [5] Summary by Sections Recent Market Performance - The food and beverage sector has shown a performance of -7% over the last 12 months, compared to 2% for the CSI 300 and 11% for the Shanghai Composite Index [4] Policy Impact - The Shaoxing policy provides tiered subsidies for banquet consumption, with a maximum of 5,000 yuan for events with five tables or more and total spending exceeding 10,000 yuan [5] - The policy is expected to stimulate banquet consumption during the upcoming Mid-Autumn Festival and National Day holidays, benefiting liquor demand [5] Investment Recommendations - The report recommends focusing on the following companies: - Liquor: Guizhou Moutai, Wuliangye, Luzhou Laojiao, Shanxi Fenjiu, Shede Liquor, Gujing Gongjiu, Yingjia Gongjiu, and Jinshiyuan [5] - Restaurant Chains: Hai Tian Wei Ye, Anji Food, Angel Yeast, and Qianwei Central Kitchen [5] - Beer: Qingdao Beer, China Resources Beer, and Yanjing Beer [5] - Yellow Wine: Kuaijishan and Guyue Longshan [5]

Core Viewpoint - China Resources Beer announced a leadership change, with Zhao Chunwu transitioning from President to Chairman of the Board effective September 3, 2025, while also taking on the role of Chairman of the Finance Committee [1] Group 1: Leadership Changes - Zhao Chunwu has been appointed as Chairman of the Board and Chairman of the Finance Committee, indicating a consolidation of leadership roles within the company [1] - Non-executive director Guo Wei has been appointed as a member of the Finance Committee, suggesting a strengthening of the committee's oversight [1] - The position of President will be temporarily vacant, with Zhao Chunwu assuming responsibilities during the transition period, highlighting the importance of continuity in leadership [1] Group 2: Company Strategy - The Board emphasizes the distinction between the roles of Chairman and President, indicating a strategic approach to governance and leadership [1] - Zhao Chunwu's extensive experience is expected to provide ongoing leadership and stability for the company during this transition [1]

华润啤酒(00291)发布公告，自2025年9月3日起，(1)执行董事赵春武先生已由总裁获调任为主席及获委 任为公司财务委员会主席;以及(2)非执行董事郭巍女士已获委任为公司财务委员会成员。 ...

智通财经APP讯，华润啤酒(00291)发布公告，自2025年9月3日起，(1)执行董事赵春武先生已由总裁获 调任为主席及获委任为公司财务委员会主席;以及(2)非执行董事郭巍女士已获委任为公司财务委员会成 员。 ...

格隆汇9月3日丨华润啤酒(00291.HK)发布公告，自2025年9月3日起，执行董事赵春武已由总裁获调任为 董事会主席及获委任为财务委员会主席；以及非执行董事郭巍已获委任为财务委员会成员。 ...