智通财经APP获悉，中金发布研究报告称，维持青岛啤酒(00168)“跑赢行业”评级，下调2022-23年盈利预测3.4%及3%至33亿元及42.86亿元人民币，目标价调低13.6%至76港元。公司近日公布2022年第三季度业绩，收入同比升16%至98.37亿元人民币，符合该行及市场预期，股东应占溢利则同比升18.4%，略低于该行及市场预期。

报告中称，公司7至8月的总销量分别实现双位数增长，增速超过行业平均，并指部分区域正逐渐开始常态化提价，明年吨价能提升约1%。第三季包装材料成本增速开始按季下降，虽预计原材料成本仍会上升，但预计整体吨成本会因包装材料成本下降幅度较大而同比趋于下降，并指有机会提升明年毛利率约2个百分点。

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