China Resources Beer (Holdings) Company Limited (stock code: 00291) has issued a profit warning for the year ended 31 December 2025, projecting net profit in the range of RMB2.92 billion to RMB3.35 billion. This represents a decrease of approximately 29.6 %–38.6 % from the RMB4.76 billion recorded in 2024.

The company attributed the anticipated earnings contraction primarily to an estimated RMB2.79 billion–RMB2.97 billion goodwill impairment. The write-down stems from the January 2023 acquisition of a 55.19 % stake in Guizhou Jinsha Jiaojiu Winery Industry Co., Ltd., with management citing weaker baijiu demand and subdued consumer spending as the key triggers.

China Resources Beer stated that the figures are based on unaudited management accounts and remain subject to audit adjustments. The final audited results are scheduled for release in March 2026.

The board advised shareholders and prospective investors to exercise caution when trading the company’s shares pending the formal results announcement.