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China Resources Beer (Holdings) Co Ltd (HK:0291)
:0291
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China Resources Beer (Holdings) Co (0291) AI Stock Analysis

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HK:0291

China Resources Beer (Holdings) Co

(0291)

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Neutral 69 (OpenAI - 4o)
Rating:69Neutral
Price Target:
HK$29.00
▲(8.61% Upside)
China Resources Beer (Holdings) Co scores well due to its solid financial performance and attractive valuation. The company's strong profitability and robust balance sheet are significant strengths. However, technical indicators suggest some short-term weakness, which slightly tempers the overall score.
Positive Factors
Market Position
Dominance of Snow Beer in China secures a strong market position, providing a competitive edge and stable revenue base.
Strategic Partnerships
Partnership with Heineken enhances product diversity and global reach, strengthening market competitiveness and growth potential.
Balance Sheet Health
A low debt-to-equity ratio indicates strong financial stability, providing flexibility for future investments and growth.
Negative Factors
Revenue Growth Inconsistency
Inconsistent revenue growth can hinder long-term planning and investment, affecting overall business stability and investor confidence.
Declining Cash Position
A declining cash position can limit operational flexibility and increase vulnerability to market fluctuations, impacting financial health.
Free Cash Flow Volatility
Volatile free cash flow can complicate financial planning and investment decisions, potentially affecting long-term strategic initiatives.

China Resources Beer (Holdings) Co (0291) vs. iShares MSCI Hong Kong ETF (EWH)

China Resources Beer (Holdings) Co Business Overview & Revenue Model

Company DescriptionChina Resources Beer (Holdings) Co., Ltd. is a leading beverage company in China, primarily engaged in the production and distribution of beer. As a subsidiary of China Resources Holdings Company Limited, it operates within the alcoholic beverage sector and is well-known for its flagship brand, Snow Beer, which has become one of the best-selling beer brands globally. The company also offers a range of products including craft beers and other alcoholic beverages, catering to diverse consumer preferences across various regions in China.
How the Company Makes MoneyChina Resources Beer generates revenue primarily through the sale of its beer products, with a significant portion coming from its extensive distribution network throughout China. The company benefits from economies of scale, allowing it to produce beer at competitive prices while maintaining quality. Key revenue streams include the sales of its flagship Snow Beer, which dominates the Chinese market, as well as premium and craft beer lines that cater to evolving consumer tastes. Additionally, China Resources Beer invests in marketing and promotional activities to enhance brand visibility and drive sales. Strategic partnerships with retailers, distributors, and e-commerce platforms also play a crucial role in expanding market reach and increasing sales volume. Seasonal promotions and product innovations contribute to revenue growth, while the overall growth of the beer market in China bolsters the company's financial performance.

China Resources Beer (Holdings) Co Financial Statement Overview

Summary
China Resources Beer (Holdings) Co demonstrates solid financial health with strong profitability and a robust balance sheet. The company exhibits effective cash flow management, although recent revenue growth has been inconsistent. Overall, the company is well-positioned within the alcoholic beverages industry, but should monitor liquidity and strive for consistent revenue expansion.
Income Statement
75
Positive
The company shows solid profitability, with a stable gross profit margin around 42-44% over recent years. Net profit margin has improved, reaching 12.3% in 2024. Revenue growth has been inconsistent, with a slight decline in 2023. However, EBIT and EBITDA margins have strengthened, indicating improved operational efficiency.
Balance Sheet
68
Positive
The balance sheet is robust, with a low debt-to-equity ratio of 0.07 in 2024, reflecting low financial leverage. The equity ratio is healthy at 45.7%, indicating a strong capital base. Return on Equity (ROE) is solid at 14.9%, showcasing effective utilization of equity. However, a declining cash position may pose liquidity risks.
Cash Flow
72
Positive
Cash flow from operations is strong, covering capital expenditures with a free cash flow of approximately 4.1 billion HKD in 2024. The operating cash flow to net income ratio is robust, indicating good cash generation relative to profits. Free cash flow growth has been volatile, with significant improvement in recent years.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue29.61B38.63B38.93B35.26B33.39B31.45B
Gross Profit12.32B16.48B16.10B13.56B13.07B12.07B
EBITDA4.58B9.08B9.54B8.38B9.53B5.41B
Net Income3.21B4.74B5.15B4.34B4.59B2.09B
Balance Sheet
Total Assets71.19B69.31B71.52B57.31B51.05B43.77B
Cash, Cash Equivalents and Short-Term Investments10.29B3.82B5.52B11.80B7.09B5.39B
Total Debt1.17B2.30B5.29B1.21B131.00M200.00M
Total Liabilities31.12B33.72B37.35B31.55B26.56B24.02B
Stockholders Equity36.20B31.69B30.30B33.31B32.95B27.96B
Cash Flow
Free Cash Flow2.75B4.12B1.63B5.87B4.32B4.08B
Operating Cash Flow3.98B6.93B4.15B7.75B6.13B5.32B
Investing Cash Flow-2.33B-2.13B-9.69B-1.06B-2.75B-1.07B
Financing Cash Flow-3.56B-6.49B927.00M-811.00M-1.37B-1.20B

China Resources Beer (Holdings) Co Technical Analysis

Technical Analysis Sentiment
Positive
Last Price26.70
Price Trends
50DMA
27.10
Negative
100DMA
26.50
Positive
200DMA
25.91
Positive
Market Momentum
MACD
-0.17
Positive
RSI
49.76
Neutral
STOCH
40.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0291, the sentiment is Positive. The current price of 26.7 is above the 20-day moving average (MA) of 26.64, below the 50-day MA of 27.10, and above the 200-day MA of 25.91, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 40.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0291.

China Resources Beer (Holdings) Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
HK$83.25B14.0914.80%4.53%1.51%5.50%
73
Outperform
HK$102.31B22.145.74%5.65%-9.54%-27.75%
69
Neutral
$84.09B13.4416.77%3.51%-0.31%10.85%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
56
Neutral
HK$459.49M-1.15%4.07%2.77%-110.76%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0291
China Resources Beer (Holdings) Co
26.70
-3.64
-12.00%
HK:0168
Tsingtao Brewery Co
52.55
0.37
0.71%
HK:1876
Budweiser Brewing Co. APAC Ltd.
7.78
-0.43
-5.24%
HK:0236
San Miguel Brewery HK Ltd.
1.23
0.31
33.70%

China Resources Beer (Holdings) Co Corporate Events

China Resources Beer Announces Key Executive Appointments
Oct 10, 2025

China Resources Beer (Holdings) Co has announced significant changes in its leadership, effective from October 10, 2025. Mr. Jin Hanquan has been appointed as the executive director and president, Mr. Li Nan as a non-executive director, and Ms. Yang Hongxia as the chief financial officer. These appointments are expected to impact the company’s operations and governance structure, potentially influencing its strategic direction and market positioning.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

China Resources Beer Updates Board of Directors
Oct 10, 2025

China Resources Beer (Holdings) Co has announced the updated list of its board of directors, highlighting the roles and functions of each member. This update reflects the company’s commitment to maintaining a robust governance structure, which is crucial for its strategic decision-making and operational effectiveness, potentially impacting stakeholders positively by ensuring transparency and accountability.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

Leadership Change at China Resources Beer
Sep 23, 2025

China Resources Beer (Holdings) Co announced the resignation of Mr. Zhao Wei as Executive Director and Chief Financial Officer, effective September 23, 2025, due to other work arrangements. The company expressed gratitude for Mr. Zhao’s contributions and stated that a new appointment would be announced in due course. This change in leadership is part of the company’s ongoing adjustments to its board committee composition, potentially impacting its strategic direction and stakeholder relations.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$33.20 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

China Resources Beer Announces Board Composition and Roles
Sep 3, 2025

China Resources Beer (Holdings) Co has announced the composition of its board of directors, detailing the roles and functions of each member. This announcement highlights the company’s commitment to maintaining a structured governance framework, which is crucial for its strategic decision-making and operational efficiency. The board includes a mix of executive, non-executive, and independent non-executive directors, reflecting a diverse range of expertise and perspectives. This structure is likely to enhance the company’s industry positioning and reassure stakeholders of its robust governance practices.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$41.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

China Resources Beer Announces Leadership Reshuffle
Sep 3, 2025

China Resources Beer (Holdings) Co has announced a significant leadership change with Mr. Zhao Chunwu being re-designated from President to Chairman of the Board, effective September 3, 2025. This move is seen as a strategic decision to leverage Mr. Zhao’s extensive experience and leadership skills to further drive the company’s progress and strengthen its market position. Additionally, Ms. Guo Wei has been appointed as a member of the finance committee, indicating a strategic shift in the company’s governance structure.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$41.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

China Resources Beer Reports Strong Profit Growth in 2025
Aug 20, 2025

China Resources Beer (Holdings) Co., a prominent player in the beverage industry, primarily focuses on the production and sale of beer and baijiu in China. The company is known for its strategic emphasis on premiumization and innovation in product offerings.

China Resources Beer Sees Growth Through Premiumisation Strategy
Aug 19, 2025

China Resources Beer reported a 0.8% increase in turnover for the first half of 2025, with significant growth in its beer business due to its premiumisation strategy and cost savings in raw materials. The beer segment saw a 2.2% rise in sales volume, with notable performance from brands like Heineken, Lao Xue, and Amstel. The baijiu business maintained stable margins despite industry restructuring, with ‘Zhaiyao’ contributing significantly to its turnover. The company plans to continue its premiumisation strategy and enhance its competitive position through innovative marketing and product concepts.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

China Resources Beer Announces Interim Dividend for 2025
Aug 19, 2025

China Resources Beer (Holdings) Company Limited announced an interim cash dividend of RMB 0.464 per share for the six months ending June 30, 2025. The dividend will be paid in Hong Kong dollars at HKD 0.51 per share, with a currency option available for shareholders. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may enhance its attractiveness to investors, potentially impacting its market positioning positively.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

China Resources Beer Schedules Board Meeting for Interim Results and Dividend Decision
Aug 7, 2025

China Resources Beer (Holdings) Co has announced a board meeting scheduled for August 19, 2025, to review and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the declaration of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:0291) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on China Resources Beer (Holdings) Co stock, see the HK:0291 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 31, 2025