一、已履行的决策程序和信息披露情况 2020 年 6 月 8 日，公司召开 2019 年年度股东大会、2020 年第一次 A 股类 别股东会议及 2020 年第一次 H 股类别股东会（以下合称"股东会及类别股东 会"），分别审议通过了《关于<青岛啤酒股份有限公司 A 股限制性股票激励计划 （草案）>及其摘要的议案》（以下简称"《激励计划》"或"本次激励计划"）、 《关于<青岛啤酒股份有限公司 A 股限制性股票激励计划实施考核管理办法>的 议案》及《关于提请股东大会授权董事会办理 A 股限制性股票激励计划相关事 宜的议案》。 证券代码：600600 证券简称：青岛啤酒 编号：2025-025 关于回购注销部分 A 股限制性股票的公告 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 青岛啤酒股份有限公司（以下简称"公司"）第十一届董事会第二次会议（以 下简称"本次董事会"）于 2025 年 8 月 26 日审议通过了《公司回购注销激励计 划部分 A 股限制性股票事项的议案》。现将有关事项说明如下： 根据股东会 ...

海口徑而 北京市海间律师事务所 关于青岛啤酒股份有限公司 回购注销部分限制性股票相关事项的 2025年8月 海问律师事务所 HAIWEN & PARTNERS 北京市海问律师事务所 地址:北京市朝阳区东三环中路 5 号财富金融中心 20 层(邮编 100020) Address: 20/F, Fortune Financial Center, 5 Dong San Huan Central Road, Chaoyang District, Beijing 100020, China 电话(Tel): (+86 10) 8560 6888 传真(Fax): (+86 10) 8560 6999 www.haiwen-law.com 北京 BEIJING | 上海 SHANGHAI | 深圳 SHENZHEN | 香港 HONG KONG | 成都 CHENGDU 北京市海间律师事务所 关于青岛啤酒股份有限公司 回购注销部分限制性股票相关事项的 法律意见书 致:青岛啤酒股份有限公司 北京市海间律师事务所(以下简称"本所")是经北京市司法局批准成立并在 中华人民共和国(以下简称"中国",就本法律意见书而言,不包括中 ...

格隆汇8月26日丨青岛啤酒(600600.SH)公布半年度报告，报告期内，公司坚持以创新驱动高质量发展， 充分发挥青岛啤酒的品牌、品质、渠道网络等优势积极开拓海内外市场，持续优化产品结构提升及提高 运营效率，主要经营指标保持稳健增长。2025年上半年公司实现产品销量473.2万千升，同比增长 2.3%；实现营业收入人民币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人民币39.0 亿元，同比增长7.2%。 ...

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]

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]