1. China Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Beijing Yanjing Brewery Co., Ltd. Class A

Beijing Yanjing Brewery Co., Ltd. Class A

SSZSE:000729
11.38
CNY
+0.46
(+4.21%)
0.92EPS
12.72P/E
28.55BMarket Cap
Oct 28Next Earn
Beijing Yanjing Brewery Co., Ltd. Class A
SZSE:000729
(Shenzhen Stock Exchange)

Recent

price

11.38

P/E

ratio

12.72

div

yld

0.91%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
4.24
5
5.2
5.11
4.82
4.46
4.12
3.96
4.04
4.09
3.89
4.25
4.68
5.05
5.21
5.44
5.56
Revenue per Share
0.32
0.34
0.25
0.25
0.26
0.21
0.11
0.06
0.06
0.08
0.07
0.08
0.13
0.23
0.38
0.6
0.8
Basic EPS, GAAP
-0.12
-0.24
-0.16
0.55
0.11
0.31
0.12
0.25
0.16
0.35
0.45
0.44
0.43
0.31
0.56
0.51
- -
Free Cash Flow per Basic Share
0.12
0.15
0.2
0.16
0.1
0.1
0.08
0.04
0.02
0.02
0.02
0.02
0.05
0.09
0.11
0.29
0.1
Dividend per Share
3.37
3.6
3.85
4.18
4.36
4.5
4.54
4.56
4.6
4.66
4.7
4.76
4.76
4.91
5.19
5.49
5.99
Book Value per Share
3
3.21
3.46
3.78
3.94
4.06
4.11
4.12
4.2
4.27
4.32
4.4
4.42
4.53
4.8
5.12
5.62
Tangible Book Value per Share
2,429
2,426
2,505
2,690
2,804
2,812
2,812
2,831
2,810
2,802
2,812
2,815
2,818
2,815
2,815
2,817
2,819
Basic Weighted Avg Shares
10,298
12,137
13,033
13,748
13,504
12,538
11,573
11,196
11,344
11,468
10,928
11,961
13,202
14,213
14,667
15,333
15,663
Sales/Revenue/Turnover
10.07
8.4
6.2
6.44
7.49
4.88
3.16
1.92
3.46
3.81
3.96
2.93
4.21
5.95
9.86
13.47
18.16
Operating Margin (%)
651
720
775
820
867
897
878
871
853
824
808
767
740
719
680
653
- -
Depreciation Expense
770
817
616
681
726
588
312
161
180
230
197
228
352
645
1,056
1,679
2,245
Net Income, GAAP
20.19
22.78
23.59
23.09
24.52
25.33
37.97
51.83
41.21
37.52
38.12
34.13
20.95
17.73
15.76
15.28
16.89
Effective Tax Rate (%)
7.48
6.73
4.73
4.95
5.38
4.69
2.7
1.44
1.59
2
1.8
1.91
2.67
4.54
7.2
10.95
14.33
Profit Margin (%)
968
504
-541
439
910
1,476
1,498
1,877
2,434
2,898
3,529
4,042
4,574
5,292
4,778
4,257
4,256
Working Capital
1,033
1,083
233
69
99
- -
- -
- -
- -
- -
10
20
4
3
22
9
59
LT Debt
9,509
10,139
11,027
12,941
13,379
13,693
13,680
13,676
13,754
13,815
13,880
13,973
14,266
14,777
15,724
16,749
18,343
Total Equity
7.06
5.31
3.66
4.63
4.59
2.94
1.56
1.22
1.59
1.88
2.1
2.03
3.77
5.56
8.46
11.77
14.36
Return on Invested Capital (%)
6.44
6.37
4.84
4.44
4.83
4
2.22
1.13
1.03
1.43
0.78
1.18
1.21
3.15
5.18
8.05
10.76
Return on Capital (%)
9.91
9.66
6.66
6.33
6.05
4.71
2.45
1.26
1.39
1.76
1.49
1.71
2.63
4.73
7.42
11.16
14.18
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
566
425
580
LT Borrowings
6
10
9
LT Finance Leases
3
3
50
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,819
2,819
2,819
Market Capitalization
31,652
36,923
28,552

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,088
11,452
12,081
Cash, Cash Equivalents & STI
6,577
5,596
6,585
Accounts Receivable, Net
156
178
289
Inventories
3,644
3,658
3,615
Total Current Liabilities
6,831
7,495
7,825
Payables & Accruals
- -
- -
- -
ST Debt
566
425
580
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.06%
3.86%
6.52%
Free Cash Flow
21.17%
8.31%
-8.6%
Net Income, GAAP
20.58%
55.23%
59.06%
Sales/Revenue/Turnover
2.2%
7.05%
4.54%
Total Cash Common Dividend
27.37%
78.78%
160.65%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,587
4,459
4,800
1,821
14,667
2025
3,827
4,731
- -
1,900
15,333
2026
4,097
4,934
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.23
0.19
-0.08
0.38
2025
0.06
0.33
- -
-0.03
0.6
2026
0.09
0.4
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.1
- -
0.11
2025
- -
- -
- -
0.1
0.29
2026
- -
- -
- -
- -
- -
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Business
Beijing Yanjing Brewery Co., Ltd. operates as a leading brewery in China, primarily engaged in the production and sale of beer products. Its core product portfolio includes a range of beers under the Yanjing brand, such as Yanjing Beer, Yanjing U8, Party IPA, Pilsener, and Stout, brewed with natural mineral water from the Beijing YanShan Mountain, offering smooth, clean, and refreshing tastes. The company operates over 30 wholly-owned and controlled beer production bases across China, manufacturing more than 4 million kiloliters of beer annually. It also owns renowned domestic beer brands including Liquan, Huiquan, and Xuelu, serving markets primarily across China with a growing presence outside Beijing. Founded in 1980 and headquartered in Beijing, the company is part of the Beijing Enterprises Holdings Limited group, which holds approximately 57.4% equity in Yanjing Brewery. In recent years, Beijing Yanjing Brewery has strengthened its strategic leadership focusing on production, marketing, and supply transformations, achieving significant sales growth, particularly in its key product Yanjing U8, with a 30.7% sales volume increase reported. The company has actively expanded through acquisitions, including the purchase of Zhejiang Bihu Beer Co. Ltd., enhancing its production capacity to approximately 2.4 million tons. Recent financial performance highlights include a 4.57% revenue increase and a 35.86% profit rise in the third quarter of 2025, alongside a proposed RMB 1.00 cash dividend per 10 shares. Beijing Yanjing Brewery continues to emphasize value creation, operational improvements, and market expansion strategies, maintaining its position as one of the top three beer producers in China and one of Asia’s largest brewers.