Sou Hu Cai Jing·2025-10-28 10:01Core Viewpoint - Qingdao Beer reported a slight increase in revenue and net profit for the first three quarters of 2025, indicating stable performance despite minor fluctuations in quarterly results [1]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of RMB 29.37 billion, a year-on-year increase of 1.4% [1]. - The net profit attributable to shareholders was RMB 5.27 billion, reflecting a year-on-year growth of 5.7% [1]. - Total product sales reached 6.894 million kiloliters, up 1.6% year-on-year [1]. - The main brand, Qingdao Beer, saw sales of 3.99 million kiloliters, an increase of 4.1% [1]. - Sales of mid-to-high-end products reached 2.935 million kiloliters, growing by 5.6% [1]. Quarterly Results - In Q3 2025, the company reported operating revenue of RMB 8.876 billion, a slight decrease of 0.17% year-on-year [1]. - The net profit for Q3 was RMB 1.37 billion, showing a year-on-year increase of 1.62% [1]. - The net cash flow from operating activities for the year-to-date was RMB 5.816 billion, down 6.65% compared to the previous year [1]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 98,357, with 98,123 A-share shareholders and 234 H-share shareholders [2]. - The top ten shareholders included Hong Kong Central Clearing (Agent) Limited with a holding ratio of 45.01% and Qingdao Beer Group Limited with a holding ratio of 32.51% [2].