Guangzhou Zhujiang Brewery Co Ltd

Zhujiang Beer released its 2026 interim report, with total operating revenue of 3.359 billion yuan, up 5.04% year-on-year, and net profit attributable to the parent of 674 million yuan, up 10.02% year-on-year, both achieving five consecutive years of growth. Net cash inflow from operating activities was 1.013 billion yuan, up 51.21% year-on-year. The asset-liability ratio was 28.90%, gross margin was 52.42%, return on equity was 5.97%, and diluted earnings per share was 0.30 yuan. The number of shareholders was 32,900, and the top ten shareholders held 87.91% of the total share capital.

Zhujiang Brewery has issued a performance forecast, estimating that net profit attributable to shareholders of the listed company for the first half of 2026 will be between 643 million and 704 million yuan, representing a year-on-year increase of 5% to 15%. The profit growth is mainly driven by higher beer sales volumes and operating revenue, ongoing product mix optimization, and steady improvement in economic returns. For the second quarter, net profit is expected to range from 464 million to 525 million yuan, up 158% to 193% quarter-on-quarter.