On August 19, CHINA RES BEER fell 3.34% in regular trading, trading at HK$21.38/share, with turnover of HK$122 million.

The decline was triggered by the company's interim results released the same day, which showed attributable net profit fell 10.71% year-over-year to 5.169 billion yuan for the first half, with earnings per share declining to 1.59 yuan from 1.78 yuan in the prior-year period. The interim dividend was also reduced to 0.446 yuan per share from 0.464 yuan previously.

While revenue edged up 1.2% to 24.24 billion yuan and beer sales volume rose 1.7% to approximately 6.6 billion liters, the profit side came under notable pressure. Goldman Sachs had previously forecast a roughly 9% net profit decline, and the actual result aligned with that estimate. The beer business EBIT grew 1.2% year-over-year excluding relocation gains, with average selling prices up 0.5%, but these improvements were insufficient to offset margin headwinds. Within the Brewers sector, TSINGTAO BREW edged up 0.05%, BUD APAC declined 0.23%, while CHINA RES BEER led sector losses.

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