According to Choice data, as of August 30, all nine listed companies in the beer sector have disclosed their 2024 semi-annual reports. Overall, the nine companies achieved total revenue of 88.584 billion yuan during the reporting period, down 3.17% year on year; total net profit was 14.395 billion yuan, up 3.01% year on year. Of the 9 companies, 5 achieved both revenue and net profit growth in the first half of the year. “Decrease in scale, increase in profits, or become the norm in the development of beer companies.” Ouyang Qianli, head of the Qianli think tank and alcohol industry researcher, told reporters that in recent years, the reduction in the amount of alcohol consumed per capita and the frequency of alcohol consumption per capita is forcing beer companies to “not only maintain quantity but also increase profits,” gradually leading to a situation where revenue has declined slightly and profits have risen. Cai Xuefei, general manager of Zhiqu Consulting, told reporters that judging from the semi-annual report, beer companies are actively upgrading their product structure and entering the high-end beer market. High-end beer is the result of a combination of social consumption and enterprise development, which also led to an increase in the performance of many companies in the first half of the year.

According to Choice data, as of August 30, all nine listed companies in the beer sector have disclosed their 2024 semi-annual reports. Overall, the nine companies achieved total revenue of 88.584 billion yuan during the reporting period, down 3.17% year on year; total net profit was 14.395 billion yuan, up 3.01% year on year. Of the 9 companies, 5 achieved both revenue and net profit growth in the first half of the year. “Decrease in scale, increase in profits, or become the norm in the development of beer companies.” Ouyang Qianli, head of the Qianli think tank and alcohol industry researcher, told reporters that in recent years, the reduction in the amount of alcohol consumed per capita and the frequency of alcohol consumption per capita is forcing beer companies to “not only maintain quantity but also increase profits,” gradually leading to a situation where revenue has declined slightly and profits have risen. Cai Xuefei, general manager of Zhiqu Consulting, told reporters that judging from the semi-annual report, beer companies are actively upgrading their product structure and entering the high-end beer market. High-end beer is the result of a combination of social consumption and enterprise development, which also led to an increase in the performance of many companies in the first half of the year.