智通财经网·2025-08-01 02:48Core Viewpoint - Budweiser APAC (01876) has seen a significant decline in net profit expectations for the first half of 2025, with a projected decrease of 24%, indicating a general market sentiment of lowered profitability [1] Financial Performance - Budweiser APAC's second-quarter performance was largely in line with expectations, but sales in key markets like China and South Korea have generally contracted [1] - Despite a slight increase in average selling prices due to product upgrades, this was insufficient to offset the impact of declining sales [1] Market Position - The management of Budweiser APAC has made efforts to steer the business in the right direction; however, these efforts appear inadequate to reverse the decline in market share as a premium brand during China's consumption upgrade cycle [1]