Ge Long Hui A P P·2025-10-22 08:22Core Viewpoint - Pacific Securities report indicates that Yanjing Beer achieved a net profit attributable to shareholders of 1.77 billion yuan in Q1-Q3 2025, representing a year-on-year increase of 37.45% [1] - In Q3 2025, the net profit attributable to shareholders reached 668 million yuan, up 26.00% year-on-year [1] - The company maintains a strong growth momentum for its flagship product U8 and is steadily advancing its national expansion [1] Financial Performance - Yanjing Beer reported a significant increase in profitability, with a focus on shareholder returns through its first profit distribution plan since listing [1] - The company proposed a cash dividend of 1 yuan per 10 shares (before tax), totaling approximately 282 million yuan, which accounts for 16% of the net profit attributable to shareholders for the first three quarters [1] Growth Outlook - The company is expected to maintain double-digit growth, driven by the continued momentum of its major product U8 and a robust national expansion strategy [1] - Based on projected performance for 2026, the company is assigned a target price of 14.08 yuan, with a rating of "Accumulate" [1]