Beijing Enterprises Subsidiary Posts Strong Mid-Year Growth

Beijing Enterprises Holdings (HK:0392) has released an update.

Beijing Enterprises Holdings disclosed a significant increase in their subsidiary Yanjing Brewery’s financial performance for the first half of 2024, with a 5.52% rise in revenue and a substantial 43.30% boost in profits compared to the same period in 2023. Total assets of the brewery also grew by 18.12%, although total liabilities shot up by 45.83%. Investors are advised to exercise caution when dealing in the company’s securities as these unaudited figures will be adjusted according to Hong Kong Financial Reporting Standards.

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