On January 2nd, Gelonghui reported that GTJA's Research Reports pointed out that thanks to comprehensive reform and efficiency improvements, Beijing Yanjing Brewery (000729.SZ) is expected to see significant growth in revenue and profit in 2024, outpacing the Industry. In Q4 2024, there is hope for accelerated volume and price growth, as well as a reduction in losses. The momentum for volume and price growth and profit improvement is expected to continue into 2025. The Target Price has been raised to 14.3 yuan, maintaining a 'Shareholding' rating. It is expected that in Q4 2024, the company's volume and price growth will accelerate, especially as the big-ticket item U8 benefits from ongoing regional penetration, channel expansion, and the gradual diversification of its product line, maintaining rapid growth. With the overall strengthening of regional organization and control, achieving high-growth targets for the year is plausible, which will drive product structure enhancement. Looking ahead to 2025, if the Dining scene stabilizes after hitting bottom with a relatively positive policy environment, the Industry's prosperity is expected to gradually recover, and the company will also benefit, showing significant volume and price elasticity as well as valuation flexibility.