China Resources Beer chairman resigns to focus on personal engagements, company reports mixed financial results.

From Yahoo Finance: 2025-06-27 12:16:00

Hou Xiaohai resigns as executive director and chairman of China Resources Beer to focus on personal engagements. Zhao Chunwu will temporarily assume chairman duties. China Resources Beer reported a 0.8% decrease in turnover in 2024, with beer division turnover down 1%. Baijiu turnover increased by 4%.

In 2024, China Resources Beer’s EBIT rose by 2.9% to 6.34bn yuan, with a profit of 4.76bn yuan. China Resources Beverage, a CRH subsidiary, raised over $600m through its Hong Kong listing. The company is a major producer of packaged drinking water in China, with popular water, tea, juice, and sports drink brands.

Read more: China Resources Beer chairman Hou Xiaohai resigns