Yanjing beer: Net profit is expected to increase by 50%-65% in 2025 compared to the previous year.

Yanjing Beer releases its 2025 performance forecast, with an estimated net profit attributable to shareholders of the listed company in the range of 1.58352-1.74187 billion yuan, representing a 50%-65% increase compared to the same period last year. During the reporting period, the company continued to firmly promote its strategy of focusing on flagship products, actively exploring innovative paths around product strength, brand power, and channel strength, deepening the construction of an excellent management system, and promoting the brand's youthfulness, fashion, and high-end development. The company implemented a gradient market development strategy, and Yanjing U8 continued to maintain a steady growth trend. The main reason for the non-recurring gains and losses in 2025 was the company's confirmation of the land payment received by its subsidiary, increasing the net profit attributable to the parent company by approximately 132 million yuan.