证券代码：600600 证券简称：青岛啤酒 编号：2025-026 公司债权人可采取现场、邮寄方式进行申报，债权申报联系方式如下： 假日除外） ；以邮寄方式申报的，申报日以寄出邮戳日为准。 政编码：266071 特此公告。 青岛啤酒股份有限公司董事会 青岛啤酒股份有限公司 关于回购部分限制性股票通知债权人的公告 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。 青岛啤酒股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开的第十一 届董事会第二次会议审议通过了《关于公司回购注销激励计划部分 A 股限制性股票 事项的议案》，由于公司 A 股限制性股票激励计划中有 1 名激励对象个人情况发生变 化，根据《青岛啤酒股份有限公司 A 股限制性股票激励计划（草案）》第十三章的规 定，公司拟回购注销其已获授予但尚未解除限售的限制性股票合计 1,667 股，占回购 注销前公司总股本的 0.0001%。回购资金来源全部为公司自有资金。回购注销完成后， 公司总股本将由 1,364,196,788 股变更为 1,364,195,12 ...

Core Points - Qingdao Beer Company held its 11th Board of Directors' second meeting on August 26, 2025, where all 9 attending directors approved several key proposals [1][2][3] Group 1: Financial Reporting - The company approved its 2025 semi-annual report (unaudited) during the meeting, which had been reviewed by the Audit and Internal Control Committee prior to the board meeting [1][2] - The voting results for the semi-annual report showed unanimous support with 9 votes in favor, 0 against, and 0 abstentions [2] Group 2: Business Operations - The board approved a proposal for the company to engage in structured deposit business, allowing for up to RMB 6 billion in subscriptions over the next 12 months, with funds being able to roll over [2] - The structured deposit proposal also received unanimous approval with 9 votes in favor, 0 against, and 0 abstentions [2] Group 3: Incentive Plan - The board decided to repurchase and cancel 1,667 shares of restricted A-shares from an incentive plan participant who resigned, using the company's own funds for the buyback [3] - This proposal was also approved with 6 votes in favor, 0 against, and 0 abstentions, with certain directors recusing themselves from the vote due to their status as incentive plan participants [3]

Group 1: Company Performance - Qingdao Beer reported a net profit of 3.904 billion yuan for the first half of the year, representing a year-on-year increase of 7.21% [1] - China Duty Free Group announced a net profit of 2.6 billion yuan for the first half of the year, down 20.81% year-on-year [2] - Hema NB achieved revenue of approximately 8 billion yuan in the first half of the year, with a double-digit growth compared to the same period last year [3] - Beike's total transaction value reached 878.7 billion yuan in the second quarter, with net income of 26 billion yuan, reflecting a year-on-year growth of 11.3% [4] - Tim Hortons China reported revenue of 349 million yuan in the second quarter, with system sales increasing by 1.4% to 409.5 million yuan [5] Group 2: Strategic Developments - Taobao Tmall's book industry signed a cooperation agreement with the National Library of China to introduce standard data for book cataloging [6] - Cambridge Technology clarified that it currently does not produce chips containing CPO technology, with related core components still in the R&D phase [7] - German automaker Opel has abandoned its previous electrification strategy, extending the supply time for fuel models due to customer demand [8] Group 3: Market Trends and Economic Impact - Klarna plans to restart its IPO in the U.S. next month, with an estimated valuation between 13 billion to 14 billion dollars [10] - Suzuki Motor Corporation announced plans to invest approximately 8 billion dollars in India over the next five to six years to increase production and launch new models [10] - The Mexican Football Association stated that the 2026 World Cup is expected to bring about 3 billion dollars in economic benefits to Mexico [13]

青岛啤酒8月26日晚间披露半年报，公司上半年实现营业收入204.91亿元，同比增长2.11%；归属于上市 公司股东的净利润39.04亿元，同比增长7.21%；基本每股收益2.862元。 ...

Financial Performance - The total operating revenue for the first half of 2025 reached CNY 20.49 billion, representing a 2.11% increase compared to CNY 20.07 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 3.90 billion, up 7.21% from CNY 3.64 billion year-on-year[18]. - The basic earnings per share rose to CNY 2.862, reflecting a 7.11% increase from CNY 2.672 in the same period last year[19]. - The weighted average return on equity increased by 0.36 percentage points to 12.80% compared to 12.44% in the previous year[19]. - The company's consolidated operating revenue for the first half of 2025 reached RMB 20.49 billion, a slight increase of 2.1% compared to RMB 20.07 billion in the same period of 2024[84]. - The net profit attributable to shareholders of the parent company was RMB 3.90 billion, representing an increase of 7.2% from RMB 3.64 billion in the first half of 2024[84]. - The company reported a total profit of RMB 5.26 billion, up from RMB 4.91 billion in the same period last year, marking a growth of 7.2%[84]. Cash Flow and Assets - The net cash flow from operating activities decreased by 16.00% to CNY 4.80 billion, down from CNY 5.71 billion in the previous year[18]. - The company's cash flow from operating activities decreased by 16.00% year-on-year, primarily due to increased tax payments and changes in advance receipts[28]. - The company's cash and cash equivalents decreased to CNY 16.84 billion from CNY 17.98 billion, representing a decline of about 6.35%[79]. - The total assets of the company increased by 1.84% to CNY 52.37 billion, compared to CNY 51.42 billion at the end of the previous year[18]. - The total current assets reached CNY 25.23 billion, slightly up from CNY 25.19 billion at the end of 2024, indicating a marginal increase of 0.17%[79]. - The total current liabilities increased to CNY 17.63 billion from CNY 17.52 billion, showing a growth of about 0.63%[81]. - The total non-current liabilities decreased slightly to CNY 3.97 billion from CNY 4.04 billion, reflecting a decline of approximately 1.73%[81]. Investments and Expenditures - Research and development expenses increased by 48.65% year-on-year, amounting to RMB 43.712 million, due to higher investment in new product development[27]. - Capital expenditures for new construction, relocation, and expansion projects amounted to approximately 949 million RMB in the first half of 2025, with sufficient self-funding and ongoing cash inflows to meet funding needs[34]. - The company recorded an investment loss of RMB 2.62 billion, compared to a loss of RMB 6.95 billion in the same period last year, showing improvement in investment performance[87]. Inventory and Receivables - Inventory at the end of the reporting period decreased by 42.05% compared to the beginning of the period, primarily due to reduced inventory levels in subsidiaries during the sales peak season[32]. - Accounts receivable rose by 64.95% compared to the beginning of the period, totaling RMB 168.938 million, due to increased receivables from subsidiaries[31]. - The inventory decreased to CNY 2.07 billion from CNY 3.58 billion, a significant reduction of about 42.06%[79]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 85,449, with 85,212 being A-share holders[67]. - The top ten shareholders hold a total of 614,011,269 shares, representing 45.01% of the total shares[69]. - Qingdao Beer Group Co., Ltd. holds 443,467,655 shares, accounting for 32.51% of the total shares[69]. - The company experienced a reduction of 95,000 restricted shares, resulting in a total of 1,667 restricted shares remaining[66]. Corporate Governance and Compliance - The company did not report any non-operating fund occupation by controlling shareholders or related parties[6]. - There were no significant changes in the decision-making procedures for external guarantees during the reporting period[6]. - No significant litigation or arbitration matters were reported during the reporting period[55]. - The company has not received any non-standard audit opinions in the previous annual report[55]. Environmental and Community Initiatives - Qingdao Beer Xi'an Hans Group invested approximately CNY 160,000 in targeted poverty alleviation and rural revitalization projects during the reporting period[53]. - The company completed the renovation of the "Village-Enterprise Joint Construction Party Building Activity Base" as part of its community support initiatives[53]. - The company has disclosed environmental information for 54 subsidiaries included in the legally mandated disclosure list[48]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance and relevant regulations, ensuring compliance with the disclosure rules for publicly listed companies[104]. - The group’s accounting policies and estimates are consistent across subsidiaries, with the reporting currency being Renminbi for domestic operations[109]. - The company’s financial statements reflect a true and complete view of its financial position as of June 30, 2025, and the results of operations for the period from January 1 to June 30, 2025[109].

证券代码：600600 证券简称：青岛啤酒 公告编号：2025-027 青岛啤酒股份有限公司 关于使用自有资金认购结构性存款产品的公告 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。 重要内容提示： ● 投资种类：商业银行结构性存款 ● 投资金额：未来 12 个月（2025 年 9 月 30 日-2026 年 9 月 29 日）内公司计划 继续进行结构性存款业务，单日最高余额不超过人民币 60 亿元，且认购资金可 循环使用。 ● 已履行及拟履行的审议程序：青岛啤酒股份有限公司（以下简称"公司"或 "本公司"）第十一届董事会第二次会议审议通过了《关于公司开展结构性存款 业务的议案》，本议案无需提交公司股东会审议。 ● 特别风险提示：公司认购的结构性存款属于短期保本浮动收益的低风险型产 品，但浮动收益取决于挂钩标的价格变化，受市场多种要素的影响，仍存在收益 不确定的风险。 一、 投资情况概述 （一）投资目的 为提升公司闲置自有资金的使用效率、实现公司资本的保值增值，本着稳健、 谨慎的操作原则，在确保公司生产经营资金需求和资金安全的 ...

格隆汇8月26日｜青岛啤酒(600600.SH)公告称，2025年上半年，公司实现营业收入204.9亿元，同比增长 2.1%；实现归属于上市公司股东的净利润39.04亿元，同比增长7.2%。报告期内，公司坚持创新驱动发 展，积极开拓海内外市场，优化产品结构，提升运营效率。在国际市场，公司持续推进海外市场产品分 销覆盖和品牌传播，青岛啤酒全球品牌影响力持续提升。 ...

Core Viewpoint - Qingdao Beer announced a revenue of 20.491 billion yuan for the first half of 2025, representing a year-on-year growth of 2.11%, and a net profit of 3.904 billion yuan, with a year-on-year increase of 7.21% [1] Group 1 - The company emphasizes innovation-driven high-quality development during the reporting period [1] - The company leverages its brand, quality, and channel network advantages to actively explore domestic and international markets [1] - Continuous optimization of product structure and improvement of operational efficiency are key strategies for maintaining stable growth in major operating indicators [1]

Core Insights - Qingdao Beer Museum achieved a total visitor count of over 15 million since its opening, generating at least 700 million yuan in ticket revenue, despite its annual revenue being negligible compared to the main business of Qingdao Beer [1][2] - The beer industry is facing a downturn, with Qingdao Beer reporting a revenue decline of 5.3% in 2024, totaling 32.138 billion yuan, while net profit increased by only 1.81% [4][5] - The company has been diversifying into non-core areas such as cultural IPs and high-end products, which do not directly contribute to beer sales, as a response to the stagnant beer market [3][9] Financial Performance - In 2024, Qingdao Beer’s revenue decreased by 5.3% compared to the previous year, marking a rare occurrence in its nearly 30-year history [4] - The company’s net profit for 2024 was 4.345 billion yuan, showing a modest increase of 1.81% [4] - Revenue from various regions, including Shandong and South China, also saw declines, with some areas experiencing drops as high as 24.2% [4] Market Trends - The beer industry has been in decline since 2017, with production levels dropping from a peak of 44.015 million kiloliters in 2017 to around 35 million kiloliters in recent years [6] - Capital market predictions for Qingdao Beer have been pessimistic, with forecasts for revenue and net profit being downgraded by Citibank [5] - The overall beer market is characterized by intense competition and a lack of differentiation among brands, leading to a focus on channel capabilities rather than product attributes [14][15] Strategic Initiatives - Qingdao Beer has launched several high-end products, including "One World Legend," priced comparably to premium liquors, as part of its strategy to target the high-end market [9][10] - The company is also investing in cultural initiatives and experiences, such as the Qingdao Beer Museum, to enhance brand visibility and cultural significance [1][13] - Despite the challenges, Qingdao Beer continues to explore diverse business avenues to maintain engagement with consumers and strengthen its market position [7][17]

运营商财经网 实习生许小婧/文 青岛啤酒近日发布了2025年第一季度财报，公司在报告期内实现了业绩增长。不过运营商财经网关注到，在三位副总裁中，唯独徐楠的薪酬在2024年出现了下降。 财报数据显示，2025年第一季度，青岛啤酒实现营业收入约104.46亿元，较上年同期的101.50亿元增长了2.91%。归属净利润约17.10亿元，较上年同期的15.97亿元增长了7.08%。扣除非 在产品销量方面，公司累计实现产品销量226.1 万千升。其中，主品牌青岛啤酒销量达137.5万千升，同比增长4.1%；中高端以上产品销量101.1万千升，同比增长5.3%。 2024年青岛啤酒业绩也还行。财报披露，报告期内，青岛啤酒实现营业总收入321.38亿元，同比下降5.3%；归母净利润43.45亿元，同比增长1.81%；经营活动产生的现金流量净额为51.55 在高管薪酬方面，2024年披露的数据显示，徐楠身为副总裁、制造总裁、总酿酒师，其薪酬为99.32万元，较上年减少了50.68万元。而同职级其他两位副总裁员水源和李辉，他们的薪酬则相 天眼查显示，徐楠1968年出生,山东轻工业学院本科毕业,工学学士,正高级工程师。现任本公司 ...