珠江啤酒: 2025年半年度报告摘要

Summary of Key Points Core Viewpoint - Guangzhou Zhujiang Brewery Co., Ltd. reported a significant increase in revenue and net profit for the first half of 2025, indicating strong operational performance despite a decline in cash flow from operating activities. Financial Performance - Operating revenue for the reporting period reached CNY 3,197,530,069.72, an increase of 7.09% compared to CNY 2,985,948,792.93 in the same period last year [1] - Net profit attributable to shareholders was CNY 612,315,200.35, reflecting a growth of 22.51% from CNY 499,805,087.85 year-on-year [1] - Net profit after deducting non-recurring gains and losses was CNY 586,579,641.65, up 23.31% from CNY 475,677,010.75 [1] - Basic and diluted earnings per share increased to CNY 0.2766, a rise of 22.50% from CNY 0.2258 [1] - The weighted average return on equity was reported at 5.73% [1] Cash Flow and Assets - Net cash flow from operating activities decreased to CNY 669,715,423.33, down 9.59% from CNY 740,755,588.97 [1] - Total assets at the end of the reporting period were CNY 15,923,789,813.94, a slight increase of 0.10% from CNY 15,907,993,645.32 at the end of the previous year [2] - Net assets attributable to shareholders rose to CNY 10,746,014,077.63, marking a 2.25% increase from CNY 10,509,964,718.88 [2] Shareholder Information - The largest shareholder, Guangzhou Industrial Investment Holding Group Co., Ltd., holds 54.15% of the shares [2] - The second-largest shareholder, Interbrew Investments Limited, holds 29.99% [3] Important Matters - The company did not propose any cash dividends, stock bonuses, or capital reserve transfers during the reporting period [1][4]