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China Resources Beer

Founded Year



Corporate Minority - P2P | IPO

About China Resources Beer

China Resources Beer (HKG: 0291) is a Hong Kong-based investment holding company principally engaged in beer businesses. The company's businesses include the manufacture, sales and distribution of beer products. The company was founded in 1993 and is based in Wan Chai, Hong Kong.

Headquarters Location

39/F China Resources Building 26 Harbour Road

Wan Chai,

Hong Kong

852 2874 0280

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Latest China Resources Beer News

China Resources Beer 2022 Net Profit Fell as Consumption Waned During Pandemic

Mar 24, 2023

03/24/2023 | 12:43am EDT Message : By Yi Wei Wong China Resources Beer (Holdings) Co. said Friday that its net profit fell slightly in 2022 as consumption weakened amid the Covid-19 pandemic. The company's net profit fell to 4.34 billion yuan ($636.4 million) from CNY4.59 billion in 2021, while its revenue rose to CNY35.26 billion from CNY33.39 billion. Despite higher revenue, raw-material and packaging costs rose during the year, which the liquor company attributed to geopolitical issues and global supply-chain disruptions. China Resources Beer said it expects the beer market to recover gradually this year, as pandemic restrictions in China have been lifted. The beer company said it is working to increase the market share of its products and brand investments in 2023. It also said it will launch its first bistro brand, Joy Brew, which is expected to begin operations in the first half. Write to Yi Wei Wong at (END) Dow Jones Newswires

China Resources Beer Frequently Asked Questions (FAQ)

  • When was China Resources Beer founded?

    China Resources Beer was founded in 1993.

  • Where is China Resources Beer's headquarters?

    China Resources Beer's headquarters is located at 39/F China Resources Building, Wan Chai.

  • What is China Resources Beer's latest funding round?

    China Resources Beer's latest funding round is Corporate Minority - P2P.

  • Who are the investors of China Resources Beer?

    Investors of China Resources Beer include Heineken.

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