Bei Jing Shang Bao·2026-03-23 06:09Core Viewpoint - China Resources Beer announced a projected revenue of 37.985 billion yuan for 2025, with a net profit attributable to shareholders of 3.371 billion yuan, representing a year-on-year decrease of 28.87% [1] Group 1: Beer Business - The beer segment is expected to generate revenue of 36.489 billion yuan in 2025, with a sales volume of approximately 11.03 million kiloliters, reflecting a year-on-year growth of 1.4% [1] Group 2: Liquor Business - The liquor segment is projected to achieve a revenue of 1.496 billion yuan in 2025, down from 2.161 billion yuan in 2024, indicating a year-on-year decline of approximately 30.77% [1] - The company attributes the decline in the liquor business to multiple factors, including a deep adjustment in the liquor industry and a contraction in consumer demand, leading to structural adjustments and increased differentiation in the second half of the year [1]