重庆啤酒1亿元结算款背后的利益博弈

Core Viewpoint - The lawsuit between Chongqing Beer and Chongqing Jiawei Beer Co., Ltd. is progressing towards a potential settlement in the second instance, focusing on the sales expense agreement in the original distribution contract [1][2]. Group 1: Legal Dispute Background - The dispute originated from a 20-year exclusive distribution agreement signed on January 5, 2009, where Chongqing Beer was to distribute "Shancheng Beer" produced by Chongqing Jiawei [1]. - After the acquisition of Chongqing Beer by Carlsberg in 2013, adjustments made by Carlsberg led to a reduction in sales volume for Chongqing Jiawei, resulting in financial losses [1]. - Negotiations between Carlsberg and Chongqing Jiawei regarding compensation for losses have been ongoing, with a significant amount of 38 million yuan in sales expenses being disputed since 2017 [2]. Group 2: Settlement Agreement - A proposed settlement agreement indicates that Chongqing Beer or its subsidiaries will pay Chongqing Jiawei a total of 100 million yuan (excluding tax) within 10 days after the agreement takes effect [3]. - The settlement stipulates that neither party can claim any breach of the distribution agreement until December 31, 2025, and all previous claims related to the agreement are waived [3][4]. - Starting from January 1, 2026, Chongqing Jiawei will no longer pay or bear transportation or sales expenses for the distributed beer [5]. Group 3: Financial Implications - The accounting treatment related to the case is expected to allow Chongqing Beer to reverse a previously recognized liability of 254 million yuan and recognize a new liability of 217 million yuan [5]. - This adjustment is projected to increase Chongqing Beer's total profit for 2025 by approximately 37.11 million yuan and net profit attributable to shareholders by about 19.08 million yuan [6]. Group 4: Recent Financial Performance - In the first three quarters of the year, Chongqing Beer reported revenue of 13.059 billion yuan, a slight decrease of 0.03% year-on-year, with net profit attributable to shareholders declining by 6.83% to 1.241 billion yuan [7]. - The third quarter alone saw revenue of 4.22 billion yuan, with a year-on-year net profit drop of 12.71%, amounting to approximately 376 million yuan [7]. - Product performance varied, with high-end beer showing slight growth, while mainstream and economy products experienced declines of 3.15% and 10.5% respectively [9].