Chongqing Brewery proposes significant dividends, new risk management strategies

Chongqing Brewery Co., Ltd. will hold its second extraordinary general meeting of shareholders on December 4, 2025, to discuss interim profit distribution proposals. Its controlled subsidiary, Carlsberg Chongqing Brewery Co., Ltd., proposes a cash dividend of 1.57 bn yuan (tax inclusive) to all shareholders. Concurrently, Chongqing Brewery itself plans to distribute a cash dividend of 1.30 yuan per share (tax inclusive), totaling 629.16m yuan, representing 72.74% of its 2025 first-half net profit attributable to listed company shareholders.

Additionally, the company plans to use up to 3 bn yuan of idle funds to invest in short-term bank wealth management products and money market funds for 12 months, with a maximum of 500m yuan per single product. It also seeks approval to continue its aluminum hedging operations in 2026, with a maximum outstanding position of $130m to stabilize production costs against fluctuating aluminum prices.

The meeting will also address related party transactions for 2026, forecasting a total of 400.16m yuan. This includes 241.63m yuan for trademark and technology licensing fees and 158.53m yuan for purchasing and sales activities.