In 2023, the beer industry maintained a growth trend in the inventory game. Up to now, Pearl River Brewery, Chongqing Beer, Yanjing Brewery, etc. have all spoiled the operating performance of 2023, and Tsingtao Brewery's revenue and net profit for the first three quarters of last year, which has yet to disclose the full year results of 2023, all achieved year-on-year growth. China Resources Beer also achieved double-digit growth in revenue and net profit in the first half of last year. Only Lanzhou Brewery lost money in 2023. Industry analysts said that in 2024, the product structure of the beer industry will continue to be optimized, and the direction of high-end development will not change. Against the backdrop of high certainty that the main costs and prices of beer such as barley and packaging materials are falling, the industry's profit level is expected to increase this year. (Securities Times)