chongqing brewery (600132): volume and price under pressure, net margin slightly decreased
The company released its third quarter report for 2024, achieving revenue of 13.063 billion yuan for the first three quarters, a year-on-year increase of +0.26%; net income attributable to the mother was 1.332 billion yuan, a year-on-year decrease of -0.90%; non-net profit attributable to the mother 13.
Chongqing Brewery Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Chongqing Brewery (600132) Third Quarter Report Review 2024: Short-term profit under pressure, looking forward to the recovery of demand.
Event: On October 30, 2024, the company released the third quarter report for 2024. From Q1 to Q3 of 2024, the company achieved total revenue/net income attributable to the parent company/net income attributable to the parent company after non-recurring gains and losses of 130.63/13.32/13 billion.
Jefferies Adjusts Chongqing Brewery's Price Target to 63.60 Yuan From 66 Yuan, Keeps at Hold
Cinda Securities: The sector allocation of csi sws food & beverage index in Q3 2024 has improved compared to the previous quarter, with a focus on baijiu and mass-market sectors.
Looking at the price changes in the molecular industry, in the third quarter of 2024, SW baijiu, beer, dairy products, pre-processed food, seasoning fermentation products, and snack food increased by +17.87%, +14.94%, +14.34%, +25.27%, +27.23%, +19.23% respectively.
Chongqing Brewery (600132): Demand side under pressure, awaiting structural improvement.
Subject: The company released the third quarter report for 2024, achieving revenue of 13.063 billion yuan from Q1 to Q3, a year-on-year increase of 0.26%; net income attributable to the parent company was 1.332 billion yuan, a year-on-year decrease of 0.90%; non-net income attributable to the parent company was 1.306 billion.
chongqing brewery (600132): relatively under pressure under high base, good cost control
Since 2024, the industry has been under pressure due to factors such as consumer power, adverse weather, etc. The overall performance is somewhat pressured, with the company's sales volume surpassing the industry average. In Q3, impacted by a high base period, the volume and price are relatively under pressure, but cost control is good, highlighting operational resilience.
Chongqing Brewery (600132): waiting patiently for the recovery of dining demand.
The company released the third quarter report of 2024: Q3: revenue of 4.2 billion yuan (-7.1%), net income attributable to the mother of 0.43 billion yuan (-10.1%), net income attributable to the mother after deducting non-recurring gains and losses of 0.42 billion yuan (-11.6%); Q1-3:
Chongqing Beer: Chongqing Brewery Co., Ltd. Third Quarter Report 2024
Chongqing Beer: Chongqing Brewery Co., Ltd. third quarter report 2024 (English version)
Chongqing Brewery Co., Ltd. 2024 Third Quarter Report (English Version)
Chongqing Brewery Co., Ltd. Third Quarter Report 2024
Chongqing Brewery: Revenue growth rate in the first three quarters is far below the annual target, with a decline in revenue from high-end products | Interpretations
1. Chongqing Brewery's revenue in the first three quarters increased by 0.26% year-on-year, falling short of the target guidance set at the beginning of the year. The company may not be able to meet this year's revenue expectations. 2. Sales of Chongqing Brewery's high-end products declined in the first three quarters, while sales of mainstream products remained stable, posing challenges to the company's high-end global strategy. 3. Some dealers have reflected that certain high-end products of Chongqing Brewery are difficult to sell, and there are instances of "indirect" bundling behavior.
Chongqing Brewery (600132.SH): Achieved a net income of 1.332 billion yuan in the first three quarters.
On October 30, Chongqing Brewery (600132.SH) announced that in the first three quarters of 2024, it achieved revenue of 13.063 billion yuan, an increase of 0.26% year-on-year; net income attributable to shareholders of the listed company was 1.332 billion yuan, a decrease of 0.90% year-on-year, with basic earnings per share of 2.75 yuan. In the third quarter of 2024, revenue was 4.202 billion yuan, a decrease of 7.11% year-on-year; net income attributable to shareholders of the listed company was 0.431 billion yuan, a decrease of 10.10% year-on-year, with basic earnings per share of 0.89 yuan.
Express News | Chongqing Brewery: Net income in the third quarter was 0.431 billion yuan, a decrease of 10.10%.
Chongqing Brewery (600132): Structural deterioration compared to the previous period, profits temporarily under pressure.
In Q3, facing unfavorable external conditions, the company's structure deteriorated compared to the previous quarter, with sales volume decreasing year-on-year. Although raw material prices were bullish, the amortization of Foshan factory pushed up the cost per ton, putting pressure on profitability. Q3 revenue/net income attributable to mother same period last year -7.
Chongqing Brewery (600132): The high-quality brand assets continue to promote the urban plan, looking forward to the improvement of operation during the economic upturn.
Event: The company released the third quarter report for 2024. In Q1-Q3 of 2024, the company achieved revenue of 13.063 billion yuan, +0.26% year-on-year, achieved a net income attributable to the parent company of 1.332 billion yuan, -0.90% year-on-year, achieving non-recurring net income
Chongqing Brewery (600132) 2024 Third Quarter Report Review: Short-term operation under pressure, high dividends provide a safety cushion.
Subject: The company released the third quarter report for 2024. In the first three quarters, the company achieved total operating income of 13.063 billion yuan, an increase of 0.3% year-on-year; achieving a net income attributable to the parent company of 1.332 billion yuan, a decrease of 0.9% year-on-year; the net profit attributable to the parent company after deducting non-recurring gains and losses is 1.
chongqing brewery (600132): external demand pressure, upgrade hindered, awaiting improvement.
Investment Highlights: Event: The company released the third quarter report for 2024. According to the company's announcement, the company achieved total operating income of 13.06 billion in the first three quarters of 24, an increase of 0.26% year-on-year, with a net income attributable to the parent company of 1.33 billion, a year-on-year decrease of 0.
Chongqing Brewery (600132): The volume and price are basically stable, and the growth of mainstream products is slowing down.
Investment Highlights: The company announced its 2024 interim report: In 2024H1, the company achieved revenue of 8.861 billion yuan, a year-on-year increase of 4.18%; and achieved a net income attributable to parent company after non-recurring items of 0.888 billion yuan, a year-on-year increase of 3.91%. Among them,
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