格隆汇10月14日丨青岛啤酒股份(00168.HK)宣布，公司将于2025年10月27日(星期一)举行董事会会议， 藉以(其中包括)审议及批准公司及其附属公司截至2025年9月30日止九个月，按照中国企业会计准则编 制之未经审计第三季度业绩及其发布。 ...

承董事會命 青島啤酒股份有限公司 侯秋燕 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 青島啤酒股份有限公司 （ 於 中 華 人 民 共 和 國 註 冊 成 立 之 中 外 合 資 股 份 有 限 公 司 ） （股份編號：168） 董事會會議召開日期公告 青島啤酒股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二五年 十月二十七日（星期一）舉行董事會會議，藉以（其中包括）審議及批准本公司及其附屬公 司截至二零二五年九月三十日止九個月，按照中國企業會計準則編制之未經審計第三季 度業績及其發佈。 獨立非執行董事： 肖耿先生、盛雷鳴先生、張然女士、趙昌文先生及趙紅女士 執行董事及聯席公司秘書 中華人民共和國‧青島 二零二五年十月十四日 於本公告日期，董事會成員如下： 執行董事： 姜宗祥先生（董事長）、劉富華先生及侯秋燕先生 職工董事： 孫靜女士 ...

Core Viewpoint - Qingdao Beer is redefining the quality boundaries of beer through a comprehensive approach that emphasizes technological innovation and quality management across the entire production chain [1][2][3] Group 1: Quality Management and Innovation - Qingdao Beer has developed a unique "charm perception quality management model" that enhances quality from basic to charm perception, addressing consumer needs from basic to potential [1][3] - The company has successfully localized the production of oxygen-absorbing gaskets, achieving international performance standards and subsequently leading in this technology [3][4] - Qingdao Beer has established the largest domestic production line for sealing elastic gaskets, integrating innovation with the industrial chain [3][5] Group 2: Digital Transformation and Traceability - The company has implemented a digital production system that allows for real-time monitoring of over 1800 quality checkpoints, ensuring transparency and traceability of each product [4][5] - Qingdao Beer is enhancing its quality management through digital transformation, focusing on intelligent manufacturing and green low-carbon practices [5][6] Group 3: Product Freshness and Consumer Experience - The introduction of fresh beer products like Qingdao Beer raw beer has transformed consumer experiences, emphasizing freshness and health [6][7] - The company has developed a rapid logistics system that ensures beer is delivered within 30 minutes, enhancing consumer convenience and satisfaction [6][7] Group 4: Global Reach and Brand Development - Qingdao Beer exports to over 120 countries, promoting the "Chinese quality" image globally while enhancing brand storytelling [7] - The company is creating immersive consumer experiences through various initiatives, such as themed bars and beer festivals, to enrich the overall consumption experience [7]

新华锦9月24日发布的公告中披露，公司收到青岛证监局出具的《关于对山东新华锦国际股份有限公 司、新华锦集团有限公司、张建华采取责令改正措施的决定》（【2025】11 号），截至 2025 年半年度 报告披露日，新华锦集团有限公司及其关联方非经营性占用公司资金余额 4.06 亿元，所有占用资金应 在收到《行政监管措施决定书》之日起六个月内归还。截至本公告披露日，新华锦集团及其关联方尚未 归还占用资金。 根据《上海证券交易所股票上市规则》（2025年4月修订）相关规定，若新华锦未能在规定期限内清收 被占用的资金，公司股票将面临一系列逐步升级的风险警示措施。 即墨黄酒厂收购案再起波澜，一场被寄予厚望的"老字号"收购案，正因卖方的资金困局而陷入僵局。10 月10日，山东省即墨黄酒厂有限公司（简称"即墨黄酒"）的1575.007671万元股权突遭冻结，冻结期限 至2028年10月9日。这让本已复杂的青岛啤酒收购案再添变数。 | ■ 司法协助信息 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 麻号 | 核执行人 | 股权益额 | 执行法院 | 执行 ...

Group 1 - The core point of the article highlights a significant block trade of Qingdao Beer on October 13, with a transaction volume of 27,200 shares and a transaction amount of 2.0128 million yuan, at a price of 74.00 yuan, which represents a premium of 10.12% over the closing price of the day [2][3] - The buyer of the block trade was GF Securities Co., Ltd. Hangzhou Yan'an Road Securities Business Department, while the seller was Northeast Securities Co., Ltd. Shanghai Beiai Road Securities Business Department [2][3] - Over the past three months, Qingdao Beer has recorded a total of four block trades, with a cumulative transaction amount of 12.3018 million yuan [2] Group 2 - As of October 13, the closing price of Qingdao Beer was 67.20 yuan, reflecting a decrease of 0.34%, with a daily turnover rate of 0.69% and a total transaction amount of 329 million yuan [2] - The net outflow of main funds for the day was 33.7116 million yuan, and over the past five days, the stock has increased by 0.96%, with a total net outflow of funds amounting to 37.5724 million yuan [2] - The latest margin financing balance for Qingdao Beer is 555 million yuan, which has decreased by 14.3715 million yuan over the past five days, representing a decline of 2.52% [3]

Core Insights - The article highlights the increasing popularity of Qingdao as a tourist destination, driven by the implementation of a convenient departure tax refund policy that enhances the shopping experience for international visitors [1][3]. Group 1: Departure Tax Refund Policy - Qingdao has introduced an "immediate refund" service for departure tax, allowing foreign tourists to enjoy a quicker and easier refund experience [1]. - Currently, there are 71 departure tax refund stores in Qingdao, including the Qingdao Beer Museum, which offers a variety of shopping options for tourists [1][10]. Group 2: Visitor Statistics - During the recent National Day holiday, the Qingdao Beer Museum received approximately 4,000 foreign visitors, marking a year-on-year increase of about 130%, with over 80% of these visitors coming from South Korea [3]. Group 3: Shopping Experience at Qingdao Beer Museum - All products in the Qingdao Beer Museum's cultural and creative mall are eligible for tax refunds, featuring a range of Qingdao beers and unique local cultural products, which are particularly favored by international tourists [6]. - Foreign tourists shopping at the Qingdao Beer Museum can enjoy a 9% tax refund on purchases over 200 RMB, provided they meet specific conditions, including leaving the country within 17 days and using certain credit cards [7]. Group 4: Enhanced Visitor Services - To improve the international visitor experience, the Qingdao Beer Museum has implemented various measures, including multi-language guides, upgraded payment systems, and customized services for tourists from different countries [8]. - The museum has received positive feedback from international visitors, indicating that the upgraded tax refund service and enhanced offerings contribute to Qingdao's goal of becoming a leading international tourism destination [8].

- Model Name: Expected High Dividend Portfolio; Model Construction Idea: The model uses a two-stage approach to construct the expected dividend yield indicator. The first stage calculates the dividend yield based on the annual report's profit distribution, and the second stage predicts and calculates the dividend yield using historical dividends and fundamental indicators. Additionally, two short-term factors affecting dividend yield—reversal factor and profitability factor—are used to assist in screening, and the selection is made from the CSI 300 constituent stocks to construct the expected high dividend portfolio. The portfolio holds 30 stocks each period and rebalances monthly[3][8] - Model Construction Process: 1. Exclude suspended and limit-up stocks from the CSI 300 constituent stocks to form the candidate stock pool[13] 2. Exclude the top 20% of stocks with the highest short-term momentum (i.e., the top 20% of stocks with the highest 21-day cumulative gains) from the stock pool[13] 3. Exclude stocks with declining profitability (i.e., stocks with a negative year-on-year growth rate of quarterly net profit)[13] 4. Rank the remaining stocks in the stock pool by expected dividend yield and select the top 30 stocks with the highest expected dividend yield to construct the portfolio equally weighted[9] - Model Evaluation: The model's historical performance is outstanding, with a cumulative return of 358.90% and a cumulative excess return of 107.44% relative to the CSI 300 Total Return Index. The annualized excess return is 8.87%, with a maximum rolling one-year drawdown of only 12.26% and a monthly excess win rate of 60.19%[11] Model Backtest Results - Expected High Dividend Portfolio, average return in September 2025: -5.35%, underperformed the CSI 300 Index by 8.09% and the CSI Dividend Index by 3.87%[3][14] - Best performing stocks in September 2025: CITIC Special Steel (3.81%), Yutong Bus (-0.35%), Industrial and Commercial Bank of China (-1.75%), Shuanghui Development (-1.90%)[15] Factor Construction and Evaluation - Factor Name: Expected Dividend Yield Factor; Factor Construction Idea: The factor is constructed by predicting dividend distribution using the method of dividend distribution combined with fundamental indicators. Two short-term factors affecting dividend yield—reversal factor and profitability factor—are used to assist in screening[14] - Factor Construction Process: 1. Calculate the dividend yield based on the annual report's profit distribution[8] 2. Predict and calculate the dividend yield using historical dividends and fundamental indicators[8] - Factor Evaluation: The factor is used to assist in screening and constructing the expected high dividend portfolio, which has shown outstanding historical performance[3][8] Factor Backtest Results - Expected Dividend Yield Factor, average return in September 2025: -5.35%, underperformed the CSI 300 Index by 8.09% and the CSI Dividend Index by 3.87%[3][14]

Group 1 - A total of 78 stocks in the A-share market experienced block trading today, with a total transaction value of 2.925 billion yuan [1] - The top three stocks by transaction value were SF Holding, Zhongwei Company, and Guangqi Technology, with transaction values of 717 million yuan, 357 million yuan, and 299 million yuan respectively [1] - Among the stocks, 20 were traded at par, 7 at a premium, and 51 at a discount; Midea Group, Northern Shares, and Qingdao Beer had the highest premium rates of 10.71%, 10.68%, and 10.12% respectively [1] Group 2 - The top stocks by institutional buying were Zhongwei Company (354 million yuan), Tianshan Aluminum (127 million yuan), and Jinli Permanent Magnet (72.22 million yuan) [2] - The leading stocks by institutional selling included Cangge Mining (11.30 million yuan), Baiwei Storage (8.94 million yuan), and Ningde Times (7.53 million yuan) [2]

Group 1 - The core viewpoint of the article highlights that Qingdao Beer Co., Ltd. has been recognized as a respected enterprise for the 2024-2025 period due to its outstanding performance in quality operations, innovative breakthroughs, and social contributions [1] - The company has achieved continuous positive growth in net profit and R&D expenses for three consecutive years, according to the comprehensive value assessment system of the Economic Observer [1]

10月13日，青岛啤酒大宗交易成交2.72万股，成交额201.28万元，占当日总成交额的0.61%，成交价74 元，较市场收盘价67.2元溢价10.12%。 | 以示量工程的 交易日期 | 证券商标 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 卖出营业部 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | | 025-10-13 | 青岛啤酒 | 600600 | 74 201.28 | 2.72 | 交易在站高质量值 | 委书记者提督教授 150 | ...