Chongqing Brewery Co.Ltd(600132) : in 2021, the net profit was 1.166 billion yuan, with a year-on-year increase of 38.82%

Chongqing Brewery Co.Ltd(600132) the annual performance express of 2021 was released on the evening of February 6. The company achieved a total operating revenue of 13.119 billion yuan in 2021, an increase of 19.90% over the same period of the previous year (data in the preparation report, the same below); The net profit attributable to shareholders of listed companies was 1.166 billion yuan, an increase of 38.82% over the same period of last year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 1.143 billion yuan, an increase of 76.14% over the same period of last year.

In December 2020, Chongqing Brewery Co.Ltd(600132) completed major asset restructuring. Through the reorganization, the major shareholder Carlsberg’s high-quality beer assets in China have been injected into the listed company Chongqing Brewery Co.Ltd(600132) , making Chongqing Brewery Co.Ltd(600132) realize the national layout. In 2021, Chongqing Brewery Co.Ltd(600132) beer sales increased by about 15% over the same period of last year.

For the reasons for the change of performance in 2021, Chongqing Brewery Co.Ltd(600132) said that it was mainly due to the sustained and healthy growth of its main business. After the completion of the restructuring at the end of 2020, Chongqing Brewery Co.Ltd(600132) has obtained a nationwide production, supply and sales network, and has local strong brands such as Wusu, Chongqing, Dali, Xixia, Fenghuaxueyue and jinga, as well as international high-end brands such as Carlsberg, Lebao, 1664, summer fun, Greenberg and Brooklyn, forming a strong brand portfolio that can meet the consumption needs of different scenarios, Enhanced the core competitiveness of Chongqing Brewery Co.Ltd(600132) . Based on this, in 2021 Chongqing Brewery Co.Ltd(600132) made continuous efforts in high-end and product innovation, launched a series of new products, achieved major breakthroughs in new scenes, new channels and new retail, and improved the overall profitability and market competitiveness of the company.

At the same time, the company continued to promote the optimization of organizational structure and carry out operation cost management, which also offset some of the adverse effects of rising costs.

In 2021, Chongqing Brewery Co.Ltd(600132) also actively optimized the layout and expanded production capacity to meet the growing market demand. Dali and Yibin can pulling lines have been put into operation, Foshan has built a new production base and Xichang’s technological transformation and capacity expansion project has been officially announced, which has provided sustainable growth power for the long-term development of the company.

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