重庆啤酒:重庆啤酒股份有限公司2024年年度报告(英文版)

ANNUAL REPORT 2024
Company Code: 600132 Abbreviation of the Company: Chongqing Brewery
CHONGQING BREWERY CO., LTD.
ANNUALREPORT 2024
This document is a translation of the original Chinese 2024 Annual Report of Chongqing Brewery Co., Ltd. ( 《重庆啤
酒股份有限公司 2024 年年度报告》). In the event of any discrepancy between the Chinese and English versions, the
Chinese version shall prevail.

ANNUAL REPORT 2024
Important Notice
I. The Board of Directors, the Board of Supervisors, and the directors, supervisors and senior management
of the Company guarantee that the information of the Annual Report is true, accurate and complete and
there are no false representations, misleading statements or material omissions, and assume individual and
joint liabilities to the information contained herein.
II. All Directors of the Company attended the Board meeting.
III. Pan-China Certified Public Accountants LLP (Special General Partnership) has issued an auditor’s
report with an unqualified opinion to the Company.
IV. João Miguel Ventura Rego Abecasis, the person-in-charge of the Company, Chin Wee Hua, the person-
in-charge of accounting work, and Liu Liping, the person-in-charge of the accounting department (head of
the accounting department) hereby declare their guarantees for the authenticity, accuracy and completeness
of the financial report in theAnnual Report.
V. Plans on profit distribution or conversion of capital reserve to increase share capital in the current
reporting period deliberated and approved by the Board of Directors
The Company intends to distribute cash dividends to all shareholders based on the total share capital as of the equity
registration date for the 2024 annual profit distribution. Cash dividends of 0.90 yuan (tax inclusive) per share will
be distributed. As of December 31, 2024, the Company’s total share capital was 483,971,198 shares and a total of
cash dividend of 435,574,078.20 yuan (tax inclusive) will be distributed on such basis. Previously, for the 2024
interim period, the Company distributed a cash dividend of 1.50 yuan (tax inclusive) per share to all shareholders,
totaling 725,956,797.00 yuan (tax inclusive). Accordingly, the total cash dividend for 2024 is 1,161,530,875.20
yuan (tax inclusive), accounting for 104.21% of the net profit attributable to shareholders of the Company in 2024.
If there is any change in the Company’s total share capital before the equity registration date for the 2024 annual
profit distribution, the distribution ratio per share will remain unchanged, with corresponding adjustments to the
total distribution amount. The above profit distribution plan is subject to approval by the Company’s shareholders’
meeting before implementation.
VI. Risk statement with respect to forward-looking statements
√Applicable □ Not applicable
Forward-looking statements, including future plans, contained in this report do not constitute actual commitments
made by the Company to investors. Investors should be aware of investment risks.
VII. Is there any fund occupied by the controlling shareholder and its related parties for nonoperational
purposes?
No
VIII. Is there any external guarantee made in violation of required decision-making procedures?
No

ANNUAL REPORT 2024
IX. Are there more than half of the directors who cannot guarantee the authenticity, accuracy and
completeness of the annual report disclosed by the Company?
No
X. Notice of material risks
The Company has described relevant potential risks in this report. For details, please refer to “VI. Discussion and
Analysis on the Future Development of the Company” under Section III of this Report.
XI. Others
□Applicable √ Not applicable

ANNUAL REPORT 2024
CONTENTS

SECTION I DEFINITIONS...... 5
SECTION II COMPANYPROFILEAND PRINCIPALFINANCIALINDICATORS...... 5
SECTION III MANAGEMENT DISCUSSIONANDANALYSIS ...... 10
SECTION IV CORPORATE GOVERNANCE ...... 35
SECTION V ENVIRONMENTALAND SOCIALRESPONSIBILITY...... 57
SECTION VI IMPORTANT MATTERS...... 66
SECTION VII CHANGES IN SHARESAND PARTICULARS OF SHAREHOLDERS ...... 89
SECTION VIII INFORMATION ON PREFERRED SHARES...... 95
SECTION IX PARTICULARS OF BONDS...... 95
SECTION X FINANCIALREPORT ...... 96
Financial statements signed and sealed by the person-in-charge of the Company, the person
in-charge of accounting work and the person-in-charge of the accounting department of the
Documents Company;
Available for Original copy of the audit report bearing the seal of the accounting firm as well as the
Inspection signatures and seals of the certified public accountants;
Original copies of all the documents of the Company as well as