SEHK:291Beverage
China Resources Beer (SEHK:291) One Off CN¥2.4b Loss Tests Bullish Earnings Narratives
China Resources Beer (Holdings) (SEHK:291) reported mixed FY 2025 results, with second half revenue of C¥14.0b and a basic EPS loss of C¥0.75, set against trailing 12 month revenue of C¥38.0b and EPS of C¥1.04. The company has seen half year revenue move from C¥14.9b in 2H 2024 to C¥23.9b in 1H 2025 and then C¥14.0b in 2H 2025, while basic EPS shifted from C¥0.01 in 2H 2024 to C¥1.78 in 1H 2025 before the recent loss. This sets up a story where investors are weighing compressed margins and a...