Zheng Quan Shi Bao Wang·2025-10-26 11:47Core Viewpoint - Qingdao Beer has announced the termination of its acquisition of 100% equity in Shandong Jimo Yellow Wine Factory due to unmet conditions in the share transfer agreement [2][3] Group 1: Acquisition Details - The acquisition was first disclosed on May 7, with Qingdao Beer planning to acquire 45.45% and 54.55% of Jimo Yellow Wine from Xinhua Jin Group and Shandong Lujin Import and Export Group, respectively, for a total price of 665 million yuan [2] - Jimo Yellow Wine, established in 1949, reported a main business income of 166 million yuan in 2024, a year-on-year increase of 13.5%, and a net profit of 30.47 million yuan, up 38% [2] Group 2: Strategic Implications - The acquisition was intended to diversify Qingdao Beer's non-beer business and enhance its product line, leveraging synergies in brand promotion and sales networks [3] - The complementary nature of both companies' products was expected to create new growth opportunities while solidifying market position [3] Group 3: Challenges Faced - Financial difficulties faced by Xinhua Jin Group, including multiple court freezes on its shares in Jimo Yellow Wine, were noted as potential factors leading to the acquisition's failure [4] - Xinhua Jin Group's ongoing issues with the return of 406 million yuan in non-operational funds further complicated the acquisition process [4] Group 4: Company Performance - Despite the termination of the acquisition, Qingdao Beer's core beer business remains strong, with a brand strategy that includes Qingdao Beer and Laoshang Beer as a national second brand [4] - In the first half of the year, Qingdao Beer achieved a revenue of 20.491 billion yuan, a year-on-year increase of 2.11%, and a net profit of 3.904 billion yuan, up 7.21% [5]