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China Resources Beer (Holdings) Co (HKSE:00291) Payments on Behalf of Employees


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What is China Resources Beer (Holdings) Co Payments on Behalf of Employees?

Payments on Behalf of Employees only applicable to companies reporting Cash Flow from Operations in direct method.

China Resources Beer (Holdings) Co (HKSE:00291) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (HKSE:00291) » Definitions » Payments on Behalf of Employees
Comparable Companies
HKSE:01876 HKSE:00236 XBRU:ABI XAMS:HEIA BSP:ABEV3 XAMS:HEIO OCSE:CARL B TSE:2502 TSX:TPX.B TAP SHSE:600600 TSE:2503 SHSE:605499 TSE:2587 BOM:532478 SHSE:600132 SZSE:000729 SAM SHSE:600779 OCSE:RBREW
Traded in Other Exchanges
CRHKY:USA CHK:Germany
Address
No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG
Website
https://www.crbeer.com.hk
China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.