Yanjing Brewery (000729): Strong profit performance, focus on peak season sales performance
Incident Overview The company achieved revenue of 3.59 billion yuan in 24Q1, +1.7% year-on-year, achieved net profit of 100 million yuan, +58.9% year-on-year, and achieved net profit without deduction of 100 million yuan, or +81.7% year-on-year. dividing
Yanjing Beer (000729): Good start to cash in on peak season flexibility
Incidents. The company released its 2024 quarterly report: 24Q1 achieved total operating income of 3,587 billion yuan, +1.7% YoY, net profit to mother 103 million yuan, +58.9% YoY, net profit of 1.03 billion yuan
Pacific released a research report on April 26 stating that Yanjing Beer (000729.SZ) was given a purchase rating. The main reasons for the rating include: 1) profits have achieved highly elastic growth, and U8 is expected to maintain a high growth trend;
Pacific released a research report on April 26 stating that Yanjing Beer (000729.SZ) was given a purchase rating. The main reasons for the rating include: 1) profits have achieved highly elastic growth, and U8 is expected to maintain a high growth trend; 2) the cost ratio has been clearly optimized under the reform and efficiency improvements, and the net interest rate due to mother has increased significantly. (Mainichi Keizai Shimbun)
Yanjing Brewery (000729): Reform dividends continue to increase in Q1
The core view is that on the cost side, the prices of packaging materials such as aluminum, corrugated paper, and glass fell year on year, Australia and wheat were cancelled, and the company's profit flexibility was gradually released, and the cost side of barley is expected to improve further in 2024. The company's U8 large single products continued to increase in volume
Beijing Yanjing Brewery's Q1 Profit Surges 59%
Beijing Yanjing Brewery's (SHE:000729) attributable profit for the quarter ended March 31 rose 59% to 102.6 million yuan from 64.6 million yuan in the year-ago period, according to a Thursday filing b
Yanjing Brewery (000729) 2024/1 Quarterly Report Review: Good start, performance surpassed expectations, cost reduction reforms continued to be implemented
Incident: The company released its quarterly report for '24, achieving revenue/net profit attributable to mothers/net profit excluding net profit of 3,587 million yuan/103 million yuan/103 million yuan, compared with +1.72%/+58.90%/+8 million yuan, respectively
Beijing Holdings (00392.HK): Yanjing Brewery's net profit of 103 million yuan in the first quarter increased 58.9% year-on-year
On April 25, Ge Longhui | Beijing Holdings (00392.HK) announced that in the first quarter of 2024, Yanjing Brewery (000729.SZ) achieved operating income of 3,587 billion yuan, up 1.72% year on year; net profit attributable to shareholders of listed companies (Yanjing Brewery) was 103 million yuan, up 58.90% year on year; basic earnings per share were 0.0364 yuan.
Yanjing Brewery (000729): Strong performance growth rate and successfully achieved a good start
Incident: The company released its 2024 quarterly report. 2024Q1 achieved operating income of 3,587 billion yuan, an increase of 1.72% year on year; net profit to mother of 103 million yuan, an increase of 58.90% year on year; deducted non-net profit 1.
Minsheng Securities released a research report on April 25 stating that Yanjing Beer (000729.SZ) was given a recommended rating. The main reasons for the rating include: 1) steady growth under a high base, U8 maintains good potential, and sales revenue is
Minsheng Securities released a research report on April 25 stating that Yanjing Beer (000729.SZ) was given a recommended rating. The main reasons for the rating include: 1) steady growth under a high base, U8 maintains good potential, and sales revenue is better than revenue growth; 2) cost pressure has declined, cost-side optimization remains the same, and profit reached a record high in a single quarter; 3) continuous structural improvement+release of reform dividends, continuing to be optimistic about the company's profit margin elasticity. (Mainichi Keizai Shimbun)
Yanjing Brewery (000729): Improving Efficiency and Controlling Fees to Release Profit Flexibility
Incident: On April 24, 2024, Yanjing Brewery announced its results for the first quarter of 2024. Key investment revenue remained stable, and profits grew rapidly. The company's Q1 revenue in 2024 reached 3,587 billion yuan (YoY)
Yanjing Brewery (000729): Resilience reappears, surpassing a high base
Guide to this report: The profit flexibility brought about by corporate reforms continues to be prominent. There is still significant room for performance improvement due to structural upgrades and potential cost reduction, so it is worth looking forward to the acceleration of the peak season. Investment Highlights: Investment Advice: Maintain an “Overweight” rating. Maintain 2024
Yanjing Brewery (000729): U8 supports declining upgrade costs and significant profit improvement
1Q24 results are in line with our expectations. The company announced 1Q24 results: 1Q24 revenue +1.7% YoY; net profit attributable to mother/ net profit after deduction +58.9/ 81.7% year-on-year respectively; gross margin/sales expenses ratio
Yanjing Brewery (000729): Industry demand pressure affects revenue reform dividends to continue to be realized
Investment highlights: Incident: The company disclosed its 2024 quarterly report. 2024Q1 achieved operating income of 3.587 billion yuan, an increase of 1.72% over the previous year, and a net profit of 103 million yuan, an increase of 58.9% over the previous year, and no return
Yanjing Brewery (000729): Remarkable results of reform and efficiency improvements have achieved highly elastic growth on the profit side
Incident: Yanjing Brewery released its 2024 quarterly report. 2024Q1 achieved revenue of 3,587 billion yuan, +1.72% year over year, net profit to mother of 103 million yuan, +58.90% year over year, net profit of non-return to mother 1.
Express News | Yanjing Brewery: Net profit from mother in the first quarter was 103 million yuan, up 58.9% year on year
Yanjing Brewery (000729): Successful start after deducting non-performance expectations
Key investment points 2024Q1 achieved a good start, with non-performance exceeding expectations. The company achieved revenue of 3.59 billion yuan (yoy +1.7%) and net profit to mother of 103 million yuan (yoy +58.9%) in 2024Q1.
Yanjing Brewery (000729): Steady increase in revenue and profit margin improvement logic gradually implemented
Incident: Yanjing Brewery released its report for the first quarter of 2024. The company achieved revenue of 3,587 billion yuan in 24Q1, an increase of 1.72% over the previous year, and achieved net profit of 103 million yuan to the mother, an increase of 58.9% over the previous year, and achieved deductions from the situation
Yanjing Brewery (000729): Continuing the trend of structural optimization, increasing cost efficiency to drive profits
Description of the incident: Yanjing Brewery achieved total operating revenue of 14.213 billion yuan (+7.66% year over year); net profit to mother of 645 million yuan (+83.02% year over year), after deducting 500 million yuan in non-net profit (+8 yuan year over year)
Dongwu Securities: The beer industry is still in the structural upgrade dividend period, and the 2024 peak season is worth looking forward to
The Zhitong Finance App learned that Dongwu Securities released a research report saying that beer is selling well in 2024Q1. This year, various wine companies will make structural improvements and profit protection their strategic priorities this year to further cultivate their strong markets. There is room for price increases and fee reductions for some products, and structural upgrades continue. At the same time, companies tend to control spending in competitors' strong markets to improve cost efficiency. Profitability is expected to continue to improve. With the pro-cyclical scenario recovering, the 2024 peak season is worth looking forward to. Currently, the stock prices of high-quality stocks with performance support in the sector are at the lower limit of historical valuation, and there is plenty of room for improvement. Recommended: Tsingtao Brewery (60060
Yanjing Brewery (000729): Performance is in line with expectations, reforms have achieved remarkable results
Key investment events: The company released its 2023 annual report and achieved full-year revenue of 14.21 billion yuan (yoy +7.7%), net profit to mother of 640 million yuan (yoy +83.0%), net profit of 500 million yuan after deducting non-return to mother
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