Chongqing Brewery (600132) Q1 2025 earnings summary

Executive summary

• Achieved beer sales of 883,500 kiloliters, up 1.93% year-over-year; revenue reached RMB 4.36 billion, up 1.46% compared to the same quarter last year.

• Net profit attributable to shareholders was RMB 472.68 million, a 4.59% increase year-over-year; adjusted net profit (excluding non-recurring items) was RMB 467.06 million, up 4.74%.

• Operating cash flow rose 24.91% year-over-year to RMB 1.35 billion.

Financial highlights

• Revenue: RMB 4.36 billion, up 1.46% year-over-year.

• Net profit attributable to shareholders: RMB 472.68 million, up 4.59% year-over-year.

• Basic and diluted EPS: RMB 0.98, up 4.59% year-over-year.

• Total assets: RMB 11.68 billion, up 6.45% from the previous year-end.

• Shareholders’ equity: RMB 1.66 billion, up 39.83% from the previous year-end.

Outlook and guidance

• Management attributes equity growth to mid-term profit distribution and continued operational profitability.