2 1 Shi Ji Jing Ji Bao Dao·2025-10-27 12:35Core Viewpoint - Qingdao Beer has reported its latest performance in the beer sector, showing a slight decline in revenue but an increase in net profit, indicating resilience amid industry challenges [2][5]. Financial Performance - In Q3 2025, Qingdao Beer achieved revenue of 8.88 billion yuan, a year-on-year decrease of 0.17%, while net profit attributable to shareholders was 1.37 billion yuan, reflecting a growth of 1.62% [2][3]. - For the first three quarters, the total revenue exceeded 29 billion yuan, and net profit surpassed 5.27 billion yuan, with expectations for record annual profits [2][3]. Sales and Market Position - The company reported a slight increase in sales volume of 2.155 million kiloliters in Q3, with a year-on-year growth of only 0.3%, and a total increase of 1.6% for the first three quarters [6]. - The main brand's sales grew by 4.2% year-on-year, with mid-to-high-end products seeing a 6.8% increase, outperforming industry averages [6][7]. Strategic Initiatives - Qingdao Beer is focusing on brand strength, quality, and channel network advantages, accelerating product structure optimization, and innovating marketing strategies to enhance consumer experience and drive consumption [5]. - The company is actively expanding both domestic and international markets while maintaining a multi-channel approach to solidify its market position [5]. Shareholder Dynamics - Hong Kong Central Clearing Limited reduced its holdings from 23.34 million shares to 10.8 million shares, representing a significant decrease in ownership [8]. - As of the latest data, the top shareholders include Hong Kong Central Clearing Limited and Qingdao Beer Group, with the latter holding 32.51% of shares [9]. Stock Performance - As of October 27, Qingdao Beer’s stock price has declined by 15.9% this year [10].