东海证券给予燕京啤酒买入评级，公司简评报告：飞轮效应显现，盈利持续向上

Core Viewpoint - Donghai Securities issued a report on August 19, giving Yanjing Beer (000729.SZ, latest price: 12.2 yuan) a "buy" rating, citing strong growth in both volume and price of beer sales, along with continuous product structure upgrades and ongoing transformations leading to improved profitability [2] Group 1 - The beer business is experiencing simultaneous growth in both volume and pricing, indicating a robust market performance [2] - Continuous upgrades in product structure are contributing to the overall positive outlook for the company [2] - Ongoing transformations within the company are yielding consistent improvements in profitability [2]