Xin Lang Cai Jing·2025-10-30 06:03Core Viewpoint - The acquisition of 100% equity of Jimo Yellow Wine Factory by Qingdao Beer has been terminated after five months due to unmet conditions for delivery, impacting the company's diversification strategy and growth potential in the beverage market [2][3]. Summary by Sections Acquisition Details - Qingdao Beer announced the termination of the acquisition of Jimo Yellow Wine, which began on May 8, 2025, and lasted for five months [2]. - The acquisition involved a share transfer agreement with Xinhua Jin Group and Shandong Lujin Import and Export Group [2]. Company Performance - In the first three quarters of 2025, Qingdao Beer reported revenue of 29.367 billion yuan, a year-on-year increase of 1.41%, and a net profit of 5.274 billion yuan, up 5.70% [2]. - The third quarter showed a decline in revenue to 8.876 billion yuan, a decrease of 0.17%, while net profit increased by 1.62% to 1.370 billion yuan [2]. Growth Potential of Jimo Yellow Wine - Jimo Yellow Wine achieved a revenue of 166 million yuan and a net profit of 30.47 million yuan in 2024, representing year-on-year growth of 13.5% and 38.0%, respectively [3]. - The acquisition was seen as a strategic move to support Qingdao Beer's "beer + white" strategy, which aims to diversify its product offerings [3]. Financial Issues and Legal Complications - Jimo Yellow Wine is facing financial difficulties, with over 100 million yuan in equity frozen due to disputes involving its major shareholders, Xinhua Jin Group and Shandong Lujin Group [4]. - The freezing of shares is linked to financial borrowing disputes and has raised concerns about the viability of the acquisition [4].