China Resources Beer (Holdings) Co Ltd

00291: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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China Resources Beer Earnings: Weak Demand to Weigh on Performance, Valuation Reduced by 7%

Jacky Tsang , Junhao Yang

Mar 25, 2026

China Resources Beer's revenue and net profit declined by 1.7% and 29% year on year, respectively, in 2025, due to sluggish baijiu sales and a CNY 29 billion goodwill impairment. Despite this, the dividend per share rose 34.3% thanks to steady growth in operating cash flow.

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China Resources Beer (Holdings) Co Ltd

China Resources Beer Earnings: Weak Demand to Weigh on Performance, Valuation Reduced by 7%

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