Tsingtao Brewery's unaudited interim report for the period from January 1, 2024 to June 30, 2024 shows that the company's board of directors ensures the truthfulness, accuracy, and completeness of the report, and all directors attended the board meetings. Company officials and the chief accountant also guarantee the truthfulness and completeness of the financial statements. The report includes the balance sheet, income statement, cash flow statement, statement of changes in equity, and notes to the financial statements. Tsingtao Brewery's main business is beer production and sales. It has 57 wholly-owned subsidiaries and 2 joint ventures in China. Despite the slow market recovery, the company achieved a net profit of 3.641 billion RMB, an increase of 6.31% compared to the previous year. The company actively...Show More

Tsingtao Brewery's unaudited interim report for the period from January 1, 2024 to June 30, 2024 shows that the company's board of directors ensures the truthfulness, accuracy, and completeness of the report, and all directors attended the board meetings. Company officials and the chief accountant also guarantee the truthfulness and completeness of the financial statements. The report includes the balance sheet, income statement, cash flow statement, statement of changes in equity, and notes to the financial statements. Tsingtao Brewery's main business is beer production and sales. It has 57 wholly-owned subsidiaries and 2 joint ventures in China. Despite the slow market recovery, the company achieved a net profit of 3.641 billion RMB, an increase of 6.31% compared to the previous year. The company actively explores domestic and international markets, continues product innovation, and accelerates digital transformation. The sales volume of its main brands reached 0.261 billion liters, and the sales of medium and high-end products showed growth and increased market share. The financial statements comply with corporate accounting standards and relevant regulations, and are prepared on a going concern basis. The report was approved by the board of directors on August 29, 2024. As of June 30, 2024, the company has no significant commitments or contingent liabilities. During the reporting period, there were no significant changes in the company's risk management policies. Tsingtao Brewery's capital management policy aims to balance between maximizing shareholder returns and maintaining capital structure. The company's cash balance, excluding short-term borrowings, is 7.959 billion RMB. Tsingtao Brewery has not experienced any significant events after the balance sheet date.