【重庆啤酒或与嘉威啤酒和解 一亿元了结18年纠纷】12月15日晚间，重庆啤酒（600132.SH）发布公告 称，重庆啤酒和重庆嘉威啤酒有限公司（以下简称"嘉威啤酒"）拟在二审阶段达成调解，并签署《调解 协议》。如果正式签署该协议，那么将了结双方持续18年以来的纠纷。 此次诉讼由嘉威啤酒在2023年10月发起，涉及金额达到3.53亿元。2025年3月重庆市第五中级人民法院 做出一审判决，嘉威啤酒获胜。 诉讼的原因，源于双方在2007年签署的《战略合作协议》，并依此在2009年签订了一份为期20年的《产 品包销框架协议》（以下简称《包销协议》），其中对嘉威啤酒利润、产量等都在里面做了规定，尤其 明确包销期间仅限生产"山城"品牌啤酒，且所有产品均需交由重庆啤酒包销。 但是在2020年9月，嘉威啤酒就以重庆啤酒未按照《包销协议》约定将有关产品纳入包销范围，造成原 告损失等理由，对重庆啤酒提起诉讼，后又自行撤案。在去年6月和8月，嘉威啤酒连续两次发表声明， 称嘉士伯收购重庆啤酒以来对"山城"啤酒品牌的全面封杀和系统打击。据其称，"山城"啤酒的年产销量 已从100万吨锐减至8万吨，品牌价值亦大幅缩水。 重庆啤酒方面称，嘉 ...

中经记者 党鹏 成都报道 12月15日晚间，重庆啤酒（600132.SH）发布公告称，重庆啤酒和重庆嘉威啤酒有限公司（以下简称"嘉 威啤酒"）拟在二审阶段达成调解，并签署《调解协议》。如果正式签署该协议，那么将了结双方持续 18年以来的纠纷。 此次诉讼由嘉威啤酒在2023年10月发起，涉及金额达到3.53亿元。2025年3月重庆市第五中级人民法院 做出一审判决，嘉威啤酒获胜。 但是在2020年9月，嘉威啤酒就以重庆啤酒未按照《包销协议》约定将有关产品纳入包销范围，造成原 告损失等理由，对重庆啤酒提起诉讼，后又自行撤案。在去年6月和8月，嘉威啤酒连续两次发表声明， 称嘉士伯收购重庆啤酒以来对"山城"啤酒品牌的全面封杀和系统打击。据其称，"山城"啤酒的年产销量 已从100万吨锐减至8万吨，品牌价值亦大幅缩水。 重庆啤酒方面称，嘉威啤酒在合作的15年间，凭借纯代工厂模式便轻松获得20亿元利润，远超重庆啤酒 和行业平均水平，甚至超过一线互联网大厂。 在双方对簿公堂之后，面对一审判决结果，重庆啤酒发布公告和长篇声明表示异议，称公司已严格按照 《包销协议》及其他相关协议的约定，全面履行自身责任和义务，不应再向嘉威啤酒承担 ...

Core Viewpoint - China Resources Beer is undergoing a significant transformation as it exits its long-standing dominance in Northeast China, marked by asset disposals and a strategic shift to Shenzhen, aiming for growth in high-end markets while facing challenges in the beer industry [2][3][9]. Group 1: Asset Disposals and Challenges - The announcement of asset disposals at Dalian Property Exchange highlights the difficulties China Resources Beer faces in Northeast China, with multiple factories being listed for sale, including the Qiqihar factory, which saw its price drop from 6.35 million to 5.08 million yuan, a decrease of over 120,000 yuan, yet remains unsold [2][4]. - By the end of 2025, China Resources Beer had eight factories in Northeast China listed for transfer, reflecting a trend of closures and asset write-downs, as the company struggles with outdated facilities and declining local demand [3][4]. - The closure of the Changchun factory, which had been in operation since 2001, took six years to finalize due to numerous labor disputes and legal issues, illustrating the complexities involved in shutting down operations [4][6]. Group 2: Historical Context and Strategic Shift - China Resources Beer, once a dominant player in Northeast China with a market share of 68% in Liaoning, is now retreating from its historical stronghold, marking the end of an era characterized by aggressive acquisitions and market expansion [5][6]. - The company's aggressive "mushroom strategy" led to the acquisition of many underperforming breweries, which became burdensome as the market shifted to a phase of stagnation, prompting a significant reduction in the number of operational factories from 98 to 62 between 2016 and 2024 [5][6]. - The departure of long-time chairman Hou Xiaohai and the relocation of the headquarters to Shenzhen signify a strategic overhaul aimed at embracing high-end markets and reducing reliance on the Northeast [7][9]. Group 3: Financial Performance and Future Outlook - Despite reporting a net profit of 4.76 billion yuan in 2024, China Resources Beer faces ongoing challenges as the Chinese beer market has reached a saturation point, leading to intense competition in both high-end and craft beer segments [10][11]. - The company incurred 2.41 billion yuan in fixed asset impairments and employee compensation in the first half of 2025, indicating that the repercussions of factory closures are still being felt [11]. - The transition to a new growth strategy, including the integration of its white wine business and the need to adapt to a changing market landscape, presents significant hurdles for the company moving forward [8][11].

Group 1 - The core point of the article is that Chongqing Brewery has reached a settlement agreement with Jiawei during the second trial phase, which, if successful, will conclude the litigation process [1] - The settlement agreement includes a one-time payment of 100 million yuan (excluding tax) by the company or its subsidiaries to Jiawei for all price difference settlements due by December 31, 2025 [1] - The agreement also outlines the cooperation terms for product distribution between the company and Jiawei from 2026 to 2028, including provisions for dividends [1] Group 2 - Following the settlement, Chongqing Brewery's subsidiary, Carlsberg Chongqing Brewery Co., Ltd., plans to reverse a previously recognized estimated liability of approximately 254 million yuan based on the first-instance judgment [1] - The company intends to recognize a new liability of about 217 million yuan for the one-time payment and other related costs, which is in line with the principle of prudence [1] - These accounting adjustments are expected to increase the company's total profit for 2025 by approximately 37.11 million yuan and the net profit attributable to shareholders by about 19.08 million yuan [1] Group 3 - In the past two years, Chongqing Brewery has experienced a continuous decline in performance, with financial data indicating a decrease in both revenue and net profit last year [2]

Market Strategy - The market is experiencing continuous volume contraction, with the retail sector showing resilience [5][10] - The overall A-share market saw a decline of 1.45%, with the Shanghai Composite Index down 1.11% and the ChiNext Index down 2.10% [9][10] - The retail sector is expected to benefit from government policies aimed at boosting consumption, especially as the year-end shopping season approaches [10][11] Company Tracking - Chongqing Beer (600132.SH) is involved in a lawsuit and is planning to sign a mediation agreement, which may impact its financials positively [38][41] - Miao Ke Lan Duo (600882.SH) announced expected related party transactions for 2026, with a projected decrease in procurement amounts compared to 2025 [33][35] - YH Bio (688575.SH) received two medical device registration certificates, indicating potential growth in its product offerings [36] - Mingyang Smart Energy (601615.SH) won a bid for a significant offshore wind power project valued at 1.834 billion yuan, enhancing its market position in renewable energy [42][44] Industry Dynamics - The Three Gorges Jiangsu Dafeng 800 MW offshore wind power project has achieved full capacity grid connection, marking a significant advancement in China's offshore wind energy capabilities [31][32] - The National Development and Reform Commission emphasized the need to enhance domestic consumption and support various sectors, including e-commerce and health care, to stimulate economic growth [21][22]

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].

此外，双方达成调解预计将使重庆啤酒本年度净利润有所增加。重庆啤酒公告称，根据《调解协议》约 定，并依据《企业会计准则》相关规定，经与审计机构沟通，公司下属实施该包销业务的控股子公司嘉 士伯重庆啤酒有限公司拟将以前年度基于本案一审判决计提的预计负债25,402.92万元冲回，同时，基于 谨慎性原则，拟计提一次性支付的量价差结算款等负债21,692.37万元。上述会计处理预计增加公司2025 年度利润总额3,710.55万元、归属于上市公司股东的净利润1,907.96万元。 12月15日晚，重庆啤酒发布关于公司涉及诉讼进展暨拟签订《调解协议》的公告称，重庆啤酒、重庆嘉 威拟在二审阶段达成调解，如顺利达成调解，则诉讼程序将以调解结案。双方诉讼起始于2023年，彼时 重庆嘉威主张重庆啤酒未依约履行包销义务要求赔偿，当地法院于2025年3月一审判决重庆啤酒向重庆 嘉威支付约3.53亿元，重庆啤酒不服并上诉，此后诉讼进入二审阶段。 重庆啤酒公告称，为彻底解决公司与重庆嘉威本次诉讼涉及的合同纠纷，在重庆高院的调解下，双方协 商拟签订《调解协议》，《调解协议》已经公司董事会会议审议通过，尚需提交公司2025年第三次临时 股东 ...

12月16日，重庆啤酒股份有限公司（下称"重庆啤酒"，600132.SH）发布公告称，与重庆嘉威啤酒有限公司（下称"嘉威"）拟在二审阶段达成调解，如顺利 达成调解，则诉讼程序将以调解结案。 公告显示，双方拟签署的《调解协议》主要内容包括：重庆啤酒或其子公司向嘉威一次性支付截至2025年12月31日的全部量价差结算款1亿元（不含税）， 同时就重庆啤酒与嘉威2026年至2028年期间产品包销方面的合作方式进行约定，以及约定嘉威分红等相关事宜。 之前的一审判决判令重庆啤酒在判决生效之日起10日内向嘉威支付3.53亿元，驳回嘉威其他诉讼请求及重庆啤酒反诉请求。 诉讼涉及的合同纠纷主要是双方于2007年签署的《战略合作协议》、2009年签署的《产品包销框架协议》、2016年的《补充协议》《产品包销备忘录》、 2019年的《备忘录二》《备忘录三》及为履行该等协议和备忘录而签署和/或形成的所有会议纪要、会谈备忘录等文件（统称"包销协议文件"）的履行而产 生的争议。 重庆啤酒表示，经与审计机构沟通，重庆啤酒下属实施该包销业务的控股子公司嘉士伯重庆啤酒有限公司拟将以前年度基于本案一审判决计提的预计负债 2.54亿元冲回。同时， ...

证券日报网讯12月15日晚间，重庆啤酒（600132）发布公告称，公司将于2025年12月31日召开2025年第 三次临时股东会。 ...

证券日报网讯 12月15日晚间，重庆啤酒发布公告称，公司第十一届董事会第六次会议审议通过《关于 召开公司2025年第三次临时股东会的议案》等多项议案。 （文章来源：证券日报） ...