China Resources Beer stock reports 1.2 percent revenue growth

Published on 10/01/2026 at 05:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Resources Beer stock generated RMB 5.17 billion in H1 2026 profit, down 10.7 percent year over year. Beer revenue rose 2.2 percent to RMB 23.67 billion.

China Resources Beer, HK0291001490, Illustration mit AI erstellt.

China Resources Beer stock (ISIN HK0291001490) generated RMB 5.17 billion in shareholder profit in the first half of 2026, down 10.7 percent year over year. The result combines steady beer growth with a sharper contraction in the companys baijiu business.

Beer revenue grows faster

According to FutuBull on September 8, 2026, group revenue reached RMB 24.24 billion for the six months ended June 30, 2026, up 1.2 percent year over year. Beer revenue rose 2.2 percent to RMB 23.67 billion, while beer sales volume increased 1.7 percent to 6.60 million kiloliters.

The contrast inside the portfolio is material. According to FutuBull on September 10, 2026, baijiu revenue fell 27.0 percent year over year to RMB 570 million, leaving the beer segment as the main operating support.

Premiumization meets cost pressure

FutuBull reported that the average beer selling price increased 0.5 percent year over year to RMB 3,587 per ton in H1 2026. Premium and above products recorded sales growth above 10 percent, but the companys overall gross margin declined to 47.7 percent, a decrease of 2.5 percentage points.

That combination gives investors a clear operating readout: volume and pricing are improving in beer, while packaging costs and baijiu weakness are weighing on group profitability. The beer business generated RMB 7.94 billion in EBITDA excluding Shenzhen headquarters related income, up 0.7 percent year over year, against a 61.5 percent decline in baijiu EBITDA to RMB 80 million, according to FutuBull.

Analyst targets remain divided

According to Investing.com on September 3, 2026, Bernstein SocGen Group held a HKD 24.00 target after cutting it from HKD 47.50 on August 26, 2026. The same overview listed Macquarie at HKD 31.00 and JPMorgan at HKD 28.00 on August 21 and August 20, 2026, respectively.

HKD 18.78 on September 30

China Resources Beer was last at HKD 18.78 on the Hong Kong market on September 30, 2026 at 4:08 p.m. HKT. Its market capitalization was HKD 60.9 billion, while the 52-week range stood at HKD 17.87 to HKD 29.10.