百威亚太午后跌超5% 前三季度收入下滑6.6% 纯利同比下滑近20%

Core Viewpoint - Budweiser APAC reported a decline in total revenue and profit for the first three quarters, indicating challenges in the Chinese market while showing strength in the Indian market [1] Financial Performance - Total revenue for the first three quarters was $4.691 billion, a year-on-year decrease of 6.6% [1] - Profit attributable to equity holders was $594 million, down 19.95% year-on-year [1] - Total sales volume decreased by 7.0% in the first nine months of 2025, with a decline of 8.6% in the third quarter [1] Regional Performance - The Asia Pacific West region benefited from strong performance in the Indian market, while the Chinese market showed better-than-expected results [1] - The Asia Pacific East region's third-quarter revenue performance was stronger than anticipated [1] Management Insights - The CEO and Co-Chairman noted that the Chinese business continues to face challenges due to weak business layout and ready-to-drink channel performance [1] - In South Korea, gross margin expansion was observed, with all channels outperforming industry levels [1] - The company aims to focus on strengthening its core product portfolio, expanding non-ready-to-drink marketing, and enhancing execution capabilities to seize future growth opportunities [1]