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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . M 華潤 啤酒 ( 控股 ) 有限公司 China Resources Beer ( Holdings ) Company Limited ( Incorporated in Hong Kong with limited liability ) ( Stock Codes : 291 ( HKD counter ) and 80291 ( RMB counter ) ) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 • • In the first half of 2026 , the Group recorded an unaudited consolidated turnover of RMB24,240,000,000 , representing a year - on - year increase of 1.2 % ; unaudited earnings before interest and taxation ( “ EBIT ” ) of RMB6,881,000,000 ; and profit attributable to shareholders of the Company of RMB5,169,000,000 . The Group's net cash inflow from operating activities reached RMB6,729,000,000 , representing a year- on - year increase of 5.6 % . In respect of the beer business , the Group achieved a beer sales volume of approximately 6,600,000 kilolitres in the first half of 2026 , representing a year - on - year increase of 1.7 % . The Group's premium beer products continued to gain momentum . In the first half of 2026 , sales volume of the sub - premium beer segment and above increased by over 10 % year - on - year , while sales volume of the affordable premium beer segment and above grew by approximately 15 % year - on - year . Among them , sales volume of " Heineken® ” recorded a growth of over 20 % , while “ Lao Xue " and " Amstel " grew by over 40 % and over 80 % year - on - year , respectively . Total sales volume of three new sub - premium products , namely “ Snow Gold Crown ” , “ Snow Weissbier " , and " Brave the World superDry Draft Beer ” contributed over 7 % of the volume growth for sub - premium beer segment and above . The Group's unaudited consolidated turnover from its beer business in the first half of 2026 amounted to RMB23,670,000,000 , representing a year - on - year growth of 2.2 % . The continuous premiumisation strategy drove the average selling price up by 0.5 % year - on - year . Excluding the income recognised under the Joint Venture Relocation Agreement of approximately RMB 115,000,000 , the Group's beer business reported an unaudited EBIT of RMB7,119,000,000 for the first half of 2026 , representing a year- on - year growth of 1.2 % . In respect of the baijiu business , the Group recorded an unaudited turnover of RMB570,000,000 in the first half of 2026 , while the unaudited earnings before interest , taxation , depreciation and amortisation ( “ EBITDA ” ) was RMB84,000,000 , with an EBITDA margin of 14.7 % . The Board has declared an interim dividend of RMB0.446 per share , where the dividend payout ratio reached 28 % , representing a year - on - year increase of 2 percentage points , in appreciation of the Shareholders ' support to the Group . China Resources Beer ( Holdings ) Company Limited - 1 -