青岛啤酒第三季度“增利不增收”：营收基本持平，净利润微增1.62%

Core Viewpoint - Qingdao Beer reported a slight increase in revenue and net profit for the first three quarters of 2025, indicating stable performance despite a minor decline in Q3 revenue [1] Financial Performance - For the first three quarters of 2025, the company achieved revenue of approximately 29.367 billion yuan, a year-on-year increase of 1.4% [1] - The net profit attributable to shareholders was about 5.274 billion yuan, reflecting a year-on-year growth of 5.7% [1] - In Q3 2025, the company experienced a revenue decline of 0.17%, totaling 8.876 billion yuan, while net profit increased by 1.62% to 1.37 billion yuan [1] Sales Volume - The total product sales volume for the first three quarters reached 6.894 million kiloliters, marking a year-on-year increase of 1.6% [1] - The main brand, Qingdao Beer, achieved a sales volume of 3.99 million kiloliters, up 4.1% year-on-year [1] - Sales of mid-to-high-end products reached 2.935 million kiloliters, with a year-on-year growth of 5.6% [1]