（作者｜周琦 编辑｜张广凯） 2月中旬，全球啤酒龙头百威英博发布了2025年业绩。 值得注意的是，这份财报呈现出一种"分裂感"。 从全球看，这是一份相当漂亮的成绩单。尽管其总营收593.20亿美元（约合4237亿元人民币）因汇率波 动同比微降0.8%，但归母净利润却逆势大增16.8%，达到68.37亿美元（约合488亿元人民币）。 在啤酒消费整体疲软、全球销量下滑2.3%的年份，百威通过"高端化+数字化"的组合拳，EBITDA利润 率同比提升101个基点至35.8%。 然而，将镜头拉近到亚太，尤其是中国市场，画面却瞬间切换。 同日发布的百威亚太年报显示，公司2025年收入57.64亿美元，同比减少6.1%；股权持有人应占溢利 4.89亿美元，同比骤降32.6%。 作为核心引擎的中国市场，全年收入大跌11.3%，销量下滑8.6%，每百升收入也减少3.0%。 更聪明地卖酒 2025年，百威英博的全球总销量实际上同比下降了2.3%，但就是在少卖酒的情况下，净利润却增长了 近17%。 钱从哪里来？ 这已是百威亚太连续第四年净利润下滑，且中国市场已是连续第二年双位数下滑。 曾经在中国高端啤酒市场呼风唤雨、毛利率一度稳压 ...

Carlsberg AS (CABGY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...

出品：新浪财经上市公司研究院 作者：郝显 2月25日，珠江啤酒发布 2025 年度业绩快报。报告期内，公司实现营业收入58.78亿元，同比增长 2.56%；归属于上市公司股东的净利润 9.03 亿元，同比增长 11.42%；扣非净利润8.32亿元，同比增长 9.25%。 不过营收与净利润双增长背后，是四季度由盈转亏，以及公司整体收入大幅放缓的事实。对于珠江啤酒 来说，过于依赖华南市场及高端品类，近几年中端产品及区域外市场持续失血，一旦高端产品增长乏 力，公司将陷入失速风险。 从2025年6月高点以来，珠江啤酒股价已经跌去21%，四季度的业绩失速是公司的拐点吗？ 四季度亏损意味着什么？ 2025 年前三季度，珠江啤酒实现营业收入50.73 亿元，归母净利润 9.44 亿元，扣非净利润约9亿元。以 此估算，四季度归母净利润为-4127.31万元，由盈转亏，扣非净利润更是达到-6764.83万元，同比亏损 大幅放大。 一般来说，四季度啤酒行业进入消费淡季，销量和收入通常低于前三季度，不过四季度陷入大额亏损的 情况比较少见。可能与年末渠道促销、返点、市场支持费用集中结算，或是为应对竞争加大投入，以及 资产或存货处理有 ...

This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: Heineken appointed Romain Apert as chief digital and technology officer and member of the executive team, the company said in a Thursday statement. Apert will succeed current Chief Digital and Technology Officer Ronald den Elzen, who is leaving the organization after 31 years, effective May 15.  A seasoned technology executive, Apert spent more than 25 years a ...

Core Insights - Heineken N.V. has appointed Romain Apert as the new Chief Digital & Technology Officer, effective May 15, 2026, succeeding Ronald den Elzen who is retiring after 31 years with the company [1][6] Group 1: Leadership Transition - Romain Apert brings over two decades of experience from Mars, where he held global CIO positions and led significant digital transformation initiatives [2] - Ronald den Elzen has been instrumental in establishing digital capabilities at Heineken since March 2020, serving as the first Chief Digital & Technology Officer [5] Group 2: Strategic Focus - Romain Apert will work closely with the Executive Team to advance Heineken's EverGreen 2030 strategy, focusing on the deployment of the company's Digital Backbone and leveraging data and AI for value creation [3] - The transition aims to build on the strong foundations laid by Ronald den Elzen, enhancing Heineken's ambition to be the 'Best Connected Brewer' [5] Group 3: Company Overview - Heineken is a leading global beer company with a diverse portfolio of over 340 brands, employing more than 87,000 people across more than 70 countries [8]

Shares of beer giant Molson Coors (NYSE: TAP) declined 4.8% on Tuesday. While Molson Coors had already fallen following disappointing revenue numbers in its fourth-quarter earnings release last week, a prominent Wall Street analyst lowered his rating on the stock to the ignominious "Underperform" rating today, kicking the stock while it's down. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the c ...

ST西发公告称，公司拟现金购买嘉士伯国际所持拉萨啤酒50%股权，完善资产完整性，提升竞争力。交 易不涉及股份发行等，也不影响控股股东和实控人。2026年1月29日董事会已通过相关议案，但仍需股 东会审议。公司正在进行拉萨啤酒财务数据加期审计工作。此外，公司处于预重整阶段，重整存在失败 并破产清算风险。 ...

珠江啤酒公告称，2025年公司实现营业总收入58.78亿元，同比增长2.56%；利润总额10.57亿元，同比 增长10.98%；归属于上市公司股东的净利润9.03亿元，同比增长11.42%；扣非后净利润8.32亿元，同比 增长9.25%；基本每股收益同比增长10.81%。2025年啤酒销量146.24万吨，同比增长1.58%。报告期末资 产总额、归属股东权益分别为160.66亿元、110.36亿元，较期初分别增长1.00%、5.00%。 ...

The company has picked The offering is expected to consist of a A listing would position the brewer alongside a growing number of multinational companies tapping Indian markets to capitalize on higher local valuations. Hyundai Motor Co., LG Electronics Inc. and Pernod Ricard SA, the maker of Absolut vodka and Chivas Regal Scotch whisky, is also considering a listing of its Indian business. Companies including Bonfiglioli Transmission Pvt., Hindustan Coca-Cola Beverages and Fossil Group Inc. are among other ...

Core Viewpoint - Heineken NV has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to price movements based on their buying or selling activities [4]. Business Outlook - The upgrade in Heineken's rating suggests an improvement in the company's underlying business, which could lead to an increase in stock price as investors respond positively [5][10]. - For the fiscal year ending December 2026, Heineken is expected to earn $3.19 per share, with a 5.5% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7][9]. - Heineken's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].