The brewery of Yanjing was founded in 1980. Over the past two decades, Yanjing has always maintained fast and steady development, high-quality assets and good economic profits. When the brewery of Yanjing was founded in 1980, the total investment was only 6.43 million RMB yuan and the anticipated capacity was 10,000 kiloliters. At present, Yanjing possesses tangible assets valued at 10.7 billion RMB yuan and the capacity of the annual beer production has surpassed 3 million kiloliters. It boasts of 29 affiliated companies, including 21 breweries, which are located in North China, East China, Northwest China and South Chin, and 8 relevant or attached enterprises. In 2006, the total sales of our beer amounted to 3.5308 million kiloliters; the sales revenues of beer amounted to 9.136 billion RMB yuan; the profit and tax is 1.92 billion RMB yuan. Economic profits rank at the first place for 11 consecutive years in the beer industry and the amount of output and production rank at the first place for 9 consecutive years in China. In 2006, the credit value of Yanjing trademark was 18.042 billion RMB yuan. When Yanjing is developing rapidly, it adheres to the guideline “creativity is the soul of the enterprise”. At different stages of development, Yanjing has grasped all kinds of opportunities and carried out thorough reformation innovation, which has enabled Yanjing win the brand, the market and the profits.

In the course of 20 years’ development, Yanjing has taken the road of development by inner expanded and insisted on annual technology reconstruction. There is progress every year. And the development has undergone four stages: 1980-1988: increase 10,000

tons each year; complete the transformation from a small-scale brewery to a large-scale brewery;

1989-1993: increase 50,000 tons each year; complete the transformation to a large-scale brewery;

1994-1998: increase 100,000 tons each year; complete the transformation to a large-scale beer enterprise group;

1999 to now: increase over 300,000 tons each year; complete the transformation from a regional enterprise and brand in Beijing to a nationwide large-scale enterprise and nation-famous brand.

For these years, the average annual growth in the output and production of beer is 33.33%; the average annual growth in the sales revenues is 40.57%; the average annual growth in profit and tax is 39.47%; the average growth of profits is 45.04%.

At the primary stages of Yanjing’s development, improving equipment has always been regarded as an important content, which has made sure Yanjing of the development speed. Yanjing pays attention to the introduction, assimilation and incorporation of the advanced technology of beer brewage both at home and abroad, and the introduction of the advanced international technology equipment, test equipment, achievements in science and researches. In this way, the inner quality of enterprise development, the technological elements in the products and the international standard in operation have been guaranteed. And the popularity of Yanjing brand has been increasing constantly.

Especially the refine project of 300,000 tons; all the international advanced technology and equipment adopted in it reaches the first-class standard in the world.

At the stages of Yanjing development for scales, the enterprise has grasped the opportunities and developed in a rotating manner with decisive policies and scientific decisions. Progress has been made annually: Yanjing became the 10 largest beer enterprises in beer industry in China in 1991; Yanjing became the 5 largest beer enterprises in beer industry in China in 1993; Yanjing ranked at the second place in 1994; Yanjing ranked at the first place in the output and production of beer nationally, and this position has been kept till today.