Chongqing Brewery Co (SHSE:600132) Dividend Payout Ratio: 0.00 (As of Mar. 2026)

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SHSE:600132 Chongqing Brewery Co Ltd SHSE:600132
91 GF Score
Price ¥43.50
GF Value ¥58.29
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Chongqing Brewery Co Dividend Payout Ratio?

Chongqing Brewery Co SHSE:600132 -2.25% 91 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates SHSE:600132 with a GF Score™ of 91/100 and a GF Value™ of ¥58.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 118 Beverages - Alcoholic companies, Chongqing Brewery Co ranks worse than 72.03% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Chongqing Brewery Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Chongqing Brewery Co Ltd is 0.84, which seems too high.

The historical rank and industry rank for Chongqing Brewery Co's Dividend Payout Ratio or its related term are showing as below:

SHSE:600132' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.96   Max: 1.71
Current: 0.84

During the past 13 years, the highest Dividend Payout Ratio of Chongqing Brewery Co was 1.71. The lowest was 0.53. And the median was 0.96.

SHSE:600132's Dividend Payout Ratio is ranked worse than
72.03% of 118 companies
in the Beverages - Alcoholic industry
Industry Median: 0.52 vs SHSE:600132: 0.84

As of today (2026-07-24), the Dividend Yield % of Chongqing Brewery Co is 5.76%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Chongqing Brewery Co was 7.90%. The lowest was 0.74%. And the median was 2.68%.

Chongqing Brewery Co's Dividends per Share for the months ended in Mar. 2026 was ¥0.00.

During the past 12 months, Chongqing Brewery Co's average Dividends Per Share Growth Rate was -48.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Chongqing Brewery Co was 99.10% per year. The lowest was -23.50% per year. And the median was 14.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Chongqing Brewery Co (SHSE:600132) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Chongqing Brewery Co Dividend Payout Ratio Related Terms

Chongqing Brewery Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Chongqing Brewery Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chongqing Brewery Co Dividend Payout Ratio Chart

Chongqing Brewery Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.78 0.96 1.71 0.90

Chongqing Brewery Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.08 0.00 18.06 0.00

SHSE:600132 vs BUD, STZ: Dividend Payout Ratio Comparison

For the Beverages - Brewers subindustry, Chongqing Brewery Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chongqing Brewery Co Dividend Payout Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Chongqing Brewery Co's Dividend Payout Ratio falls into.


SHSE:600132
91GF Score
Chongqing Brewery Co Ltd SHSE:600132
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chongqing Brewery Co Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Chongqing Brewery Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=2.2/ 2.45
=0.90

Chongqing Brewery Co's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0/ 0.932
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
Chongqing Brewery Co (SHSE:600132) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Chongqing Brewery Co and its competitors. Over the past decade, Chongqing Brewery Co's Dividend Payout Ratio has ranged from 0.53 to 1.71. According to the industry distribution chart, Chongqing Brewery Co ranks #85 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 72%.
Is Chongqing Brewery Co's Dividend Payout Ratio too high?
Chongqing Brewery Co's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.71. Based on the distribution chart, Chongqing Brewery Co ranks #85 out of 118 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Chongqing Brewery Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Brewery Co's Dividend Payout Ratio compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Chongqing Brewery Co ranks #85 out of 118 companies for Dividend Payout Ratio. This places Chongqing Brewery Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.52. Historically, Chongqing Brewery Co's own Dividend Payout Ratio has ranged from 0.53 to 1.71 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Beverages - Alcoholic company?
The median Dividend Payout Ratio among Beverages - Alcoholic companies is 0.52, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Chongqing Brewery Co and its competitors. For the Beverages - Alcoholic industry, the median Dividend Payout Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Brewery Co's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Brewery Co (SHSE:600132) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥58.29, compared to a current price of ¥43.50 — trading 25.4% below its estimated fair value. The current Dividend Payout Ratio is 0.00. Chongqing Brewery Co's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Chongqing Brewery Co (SHSE:600132), the current Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?

Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued. The current stock price of ¥43.50 is trading 25.4% below its estimated GF Value™ of ¥58.29. GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.

Key valuation signals for SHSE:600132:

  • Dividend Payout Ratio: 0.00
  • GF Value™: ¥58.29 vs. price of ¥43.50 (25.4% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chongqing Brewery Co Business Description

Address No. 62, Jinsui Road, 13th Floor, Kingold Century Finance Center, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
91GF Score

Get the complete analysis for SHSE:600132

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥43.50
Price
¥58.29
GF Value