China Resources Beer (291 HK) FY25 (CNY) net 3.4bln (exp. 5.8bln), rev. 38.0bln (exp. 39.2bln)

China Resources Beer reported a significant miss on both net income and revenue for FY25, with net income at CNY 3.4 billion versus expectations of CNY 5.8 billion and revenue at CNY 38.0 billion, below the forecast of CNY 39.2 billion. This underperformance could reflect challenges in the Chinese beverage market, potentially prompting concerns about growth prospects and influencing investor sentiment towards consumer discretionary stocks in the region.