China Resources Beer (Holdings) Company Limited

Chongqing Brewery released its performance report for the first half of 2026. Operating revenue was approximately 8.576 billion yuan, down 2.98 percent year on year, while net profit attributable to shareholders of the listed company was approximately 796 million yuan, down 7.98 percent year on year. During the reporting period, beer sales volume was 1.7492 million kiloliters. Revenue from premium products priced at 8 yuan and above was approximately 5.185 billion yuan, revenue from mainstream products priced between 4 yuan and 8 yuan was approximately 2.966 billion yuan, and revenue from economy products priced below 4 yuan was approximately 202 million yuan. Only the economy segment recorded positive growth of 3.17 percent. The company said it faces risks including macroeconomic fluctuations, raw material cost volatility, intensifying industry competition, and extreme weather. At the same time, Wusu Beer's Big Wusu Little Barbecue stores had opened more than 130 locations by June this year, covering over 60 cities, with Chengdu as one of the key cities for expansion. At the industry level, data from the National Bureau of Statistics showed that from January to June 2026, cumulative output of beer enterprises above designated size nationwide was 19.362 million kiloliters, up only 0.2 percent year on year. Over the same period, China Resources Beer reported comprehensive revenue of 24.24 billion yuan, up 1.2 percent year on year, but profit attributable to shareholders was 5.169 billion yuan, down 10.71 percent year on year.