Minsheng Securities released a research report on April 25 stating that Yanjing Beer (000729.SZ) was given a recommended rating. The main reasons for the rating include: 1) steady growth under a high base, U8 maintains good potential, and sales revenue is better than revenue growth; 2) cost pressure has declined, cost-side optimization remains the same, and profit reached a record high in a single quarter; 3) continuous structural improvement+release of reform dividends, continuing to be optimistic about the company's profit margin elasticity. (Mainichi Keizai Shimbun)
民生证券4月25日发布研报称，给予燕京啤酒（000729.SZ）推荐评级。评级理由主要包括：1）高基数下稳健增长，U8维持良好势能，销售收现好于收入增速；2）成本压力回落，费用端优化依旧，单季度利润创新高；3）结构不断改善+改革红利释放，持续看好公司利润率弹性。（每日经济新闻）
Minsheng Securities released a research report on April 25 stating that Yanjing Beer (000729.SZ) was given a recommended rating. The main reasons for the rating include: 1) steady growth under a high base, U8 maintains good potential, and sales revenue is
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