百威亚太三季度在中国销量下滑？ 营收被华润啤酒超过

Core Viewpoint - Budweiser APAC reported a decline in both revenue and net profit for Q3 2025, with challenges particularly in the Chinese market [1][3]. Financial Performance - For Q3 2025, Budweiser APAC's revenue was $1.555 billion, down 8.80% year-on-year, and net profit was $185 million, a decrease of 7.96% [3]. - Total revenue for the first nine months of 2025 was $4.691 billion, a decline of 8.09% compared to the previous year, with net profit falling by 19.95% to $594 million [3][4]. - Sales volume for the first nine months was 6.614 million kiloliters, down 7.0% year-on-year [4]. Market Performance - In the Chinese market, sales volume decreased by 9.3% and revenue fell by 11.3% in the first three quarters of 2025 [4]. - In Q3 2025, sales volume in China dropped by 11.4%, and revenue decreased by 15.1%, indicating a worsening trend [4]. Competitive Landscape - Budweiser APAC's revenue for the first half of 2025 was $224.5 million, a year-on-year decline of 7.74%, resulting in the company being surpassed by China Resources Beer, which achieved a revenue growth of 0.83% [5][6]. - In terms of net profit for the first half of 2025, Budweiser APAC reported $29.28 million, down 24.20%, while China Resources Beer saw a net profit increase of 23.04% to $57.89 million [6].