China Resources Beer Flags Profit Slump on Baijiu Goodwill Impairment

China Resources Beer (Holdings) Co ( (HK:0291) ) has provided an announcement.

China Resources Beer has warned shareholders that its 2025 profit is expected to fall sharply to about RMB2.92 billion to RMB3.35 billion, down roughly 30% to 39% from RMB4.76 billion a year earlier. The anticipated decline underscores pressure on the group’s earnings as it absorbs one‑off non‑cash charges linked to its diversification into the baijiu segment.

The company said the drop in profit is mainly due to a sizeable goodwill impairment of roughly RMB2.79 billion to RMB2.97 billion related to its 55.19% stake in Guizhou Jinsha Jiaojiu Winery, reflecting softer demand in China’s baijiu market and weaker consumer spending. The warning signals challenges in its spirits expansion and may weigh on investor sentiment until audited 2025 results are released in March 2026.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$38.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

More about China Resources Beer (Holdings) Co

China Resources Beer (Holdings) Company Limited is a Hong Kong‑incorporated brewer and beverage group listed in Hong Kong, operating through subsidiaries across mainland China. Beyond its core beer business, the group has expanded into the Chinese spirits market, including baijiu, to broaden its alcoholic drinks portfolio and capture growth in premium segments.

Average Trading Volume: 12,106,159

Technical Sentiment Signal: Hold

Current Market Cap: HK$85.06B

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