Beijing Yanjing Brewery Co.,Ltd.’s Net Profit Rose 185.5% in First Quarter of 2023

Beijing Yanjing Brewery Co.,Ltd. (北京燕京啤酒股份有限公司) (000729.SZ) reported a net profit of 89.9 million yuan in the first quarter of 2023, up 185.5% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, up 13.7% year-on-year.

At the end of the reporting period, it had 22.4 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 35.8%.