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Milestones
Phase I
Mushroom Strategy, Setting Sail in the Northeast
Phase II
Along the River and Coast, Expanding Nationwide
Phase III
Leading in Sales, Braving the Peak
Phase IV
Entering a New Era
Milestones
Mushroom Strategy, Setting Sail in the Northeast
Along the River and Coast, Expanding Nationwide
Leading in Sales, Braving the Peak
Entering a New Era
Mushroom Strategy, Setting Sail in the Northeast
1993.12
Establishment of Shenyang China Resources Snow Breweries Limited

On 16 December 1993, Shenyang Brewery and Hong Kong China Resources Enterprise jointly established Shenyang China Resources Snow Breweries Limited. Snow Beer was born, writing a new chapter in China's beer industry.

1994.11
China Resources Enterprise signs a joint venture agreement with South African Breweries (SAB)

China Resources Enterprise partnered with SABMiller to jointly develop the Chinese beer market, with China Resources Enterprise holding 51% and SABMiller holding 49%. SABMiller became one of the shareholders of CR Beer.

1997.09
Establishment of Mianyang China Resources Beer Company Limited

Acquired "Sichuan Asia-Pacific Brewery Company Limited" and formed a joint venture, Mianyang China Resources Beer Company Limited. Snow Beer expanded out of the Northeast, laying out its national presence.

1998.08
Establishment of the Northeast Group

The establishment of the Northeast Group was the first step for CR Beer to begin standardised and planned management, gradually forming a national management organisational structure and system, and proposing the strategic goal of "becoming China's number one beer company."

Along the River and Coast, Expanding Nationwide
2002
Division into seven regional companies

CR Snow divided its twenty-six factories into seven regional companies to respond more quickly to intense competition. This largely promoted CR Snow's rapid development during this period and laid the foundation for the current regional management system.

2002
Division into seven regional companies

CR Snow divided its twenty-six factories into seven regional companies to respond more quickly to intense competition. This largely promoted CR Snow's rapid development during this period and laid the foundation for the current regional management system.

2004.03
Joint venture with Zhejiang Qianjiang Brewery Company Limited

CR Snow Breweries crossed the Yangtze River and began its layout in the Zhejiang region. Subsequently, it acquired 5 factories in Zhejiang and Fujian, built new factories in Ningbo and Wenzhou, and took over the Shanghai Baoshan factory.

2004.08
Self-built Dongguan factory, entering the Guangdong market

Snow Beer's first self-built factory, initiating a model of expansion through self-construction and forming the Guangdong regional company on this basis. Later, Snow acquired Kingway, and Kingway's five factories in Guangdong were merged into Snow.

2005
Launched the "Snow Beer Brave the World" brand promotion

Initiated the "Snow Beer Brave the World" event, starting an annual marketing campaign that lasted for 13 years. This "three-in-one" marketing model of brand image, brand event, and a product of the same name secured a place for CR Snow in the mid-range product segment.

2005.09
Established a brand portfolio strategy with "Snow" at its core

Held the 2005 strategic seminar (Xiangshan Conference), systematically discussing the development strategy of CR Snow Beer for the first time. CR Snow Breweries officially proposed the strategy for "Snow" to become number one in the country. Established a multi-brand, multi-product portfolio strategy with "Snow" at its core.

2005
Snow brand becomes the leading beer brand in China by sales volume

With a single-brand sales volume of 1.58 million kilolitres, Snow Beer became the leading beer brand in the country by sales.

Leading in Sales, Braving the Peak
2006
CR Snow Breweries' sales volume leads the nation

CR Snow Breweries' sales volume led the nation with a total of 3.037 million kilolitres, becoming the leading beer enterprise in the country by sale

2008
Snow Beer launches a new brand identity

Adopting a unique Chinese paper-cut art style, incorporating the natural "snowflake" pattern into the Chinese character for "Snow". Unique Chinese elements such as theatrical face masks, Chinese seals, calligraphy strokes, and ancient architectural window designs appeared on the packaging of different product grades.

2008
Snow Beer becomes the world's leading single-brand by sales volume

With a single-brand sales volume of 6.1 million kilolitres, Snow Beer became the world's leading single-brand by sales volume.

2013
Total sales volume and Snow brand sales volume achieve "dual ten million kilolitres"

In 2013, both the total sales volume and the Snow brand sales volume of CR Snow Breweries exceeded 10 million kilolitres, leading the national beer industry in sales volume.

2015
China Resources Enterprise renamed to CR Beer (0291.HK)

China Resources (Holdings) Company Limited ("CRH") spun off all non-beer businesses from the listed company, and the listed company China Resources Enterprise was renamed to a single professional beer company - CR Beer (0291.HK).

2016
Acquired the 49% stake in CR Snow Breweries originally held by SABMiller

Acquired the 49% stake in CR Snow Breweries originally held by SABMiller, making Snow wholly owned by CR Beer.

Entering a New Era
2017.04
"3+3+3" Strategy launched

CR Snow's "13th Five-Year" strategic seminar was held, launching the "3+3+3" strategy and kicking off organisational transformation.

2018.01
Market capitalisation exceeds HK$100 billion

CR Snow Breweries' operating performance continued to climb, and the market capitalisation of CR Beer on the Hong Kong stock market exceeded HK$100 billio

2018.10
Released the Snow culture system

Building on the culture accumulated over more than two decades of development and combining it with future needs, CR Snow Breweries refined and released its corporate culture system with the core Snow spirit of "Every person is extraordinary, every bottle of beer shines". The system includes mission, vision, and the Snow spirit (employee values, organisational atmosphere, and business philosophy).

2018.11
Acquired Heineken's China business

CR Beer introduced Heineken as a shareholder for HK$24.35 billion, while also acquiring Heineken's China business. This accelerated CR Snow Breweries' internationalisation and product premiumisation process.

2020.12
Established China Resources Wine Holdings Co., Ltd.

Established China Resources Wine Holdings Co., Ltd. to conduct investment business in non-beer categories such as baijiu, yellow wine, and red wine.

2021.04
Launch of the super-premium product "Li"

"Li", with its unique brewing process and distinctive product flavour, inherited the cultural connotation of "wine for rituals" and became a milestone in the premiumisation process of the Chinese beer industry.

2021.08
Entered the Chinese baijiu market

"Partnered" with Jingzhi, entering the Chinese baijiu market, marking a solid step in Snow's diversified development.

2022.10
Acquired a controlling stake in Guizhou Jinsha Winery

CR Beer, through its wholly-owned subsidiary China Resources Wine, acquired a 55.19% stake in Guizhou Jinsha Jiaojiu Winery Co., Ltd. (貴州金沙窖酒酒業有限公司) for RMB12.3 billion.

2023
The dual empowerment model for its “beer + baijiu” businesses enters a new journey

CR Beer adjusted its organisational structure, establishing two business divisions, China Resources Snow and China Resources Wine, responsible for the management and operation of the beer and non-beer alcoholic beverage sectors, respectively.

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