智通财经网·2025-11-03 09:43Core Viewpoint - Deutsche Bank's report indicates that Qingdao Beer Co., Ltd. (00168) experienced a slight decline in Q3 revenue, with a year-on-year decrease of 0.2% to 8.9 billion RMB, while net profit rose by 1.6% to 1.4 billion RMB, slightly below market expectations [1] Financial Performance - Q3 revenue was 8.9 billion RMB, reflecting a minor year-on-year decline of 0.2% [1] - Net profit for the third quarter reached 1.4 billion RMB, showing a year-on-year increase of 1.6% [1] Future Projections - The report suggests a downward adjustment of the net profit forecast for Qingdao Beer from 2025 to 2027 by an average of 2% due to more conservative sales and average price predictions [1] - The target price based on discounted cash flow analysis has been revised down from 61.6 HKD to 61 HKD [1] Investment Rating - Deutsche Bank maintains a "Buy" rating for Qingdao Beer despite the adjustments in forecasts and target price [1]