Tsingtao Brewery Limited released the third quarter report for 2024 on October 29, 2024. The report indicates that despite the challenge of sluggish domestic beer consumption, the company has successfully expanded its market through product innovation, structural optimization, increased sales, and marketing efforts. In the first three quarters of 2024, the company's product sales reached 6.785 million kiloliters, with the main brand Tsingtao Beer sales at 3.835 million kiloliters and sales of mid-to-high-end products at 2.779 million kiloliters. During the reporting period, the company achieved revenue of approximately 28.96 billion RMB, a decrease of 6.52% compared to the same period last year; the net profit attributable to the shareholders of the listed company was approximately 4.99 billion RMB, a year-on-year increase of 1.67%. The unaudited...Show More

Tsingtao Brewery Limited released the third quarter report for 2024 on October 29, 2024. The report indicates that despite the challenge of sluggish domestic beer consumption, the company has successfully expanded its market through product innovation, structural optimization, increased sales, and marketing efforts. In the first three quarters of 2024, the company's product sales reached 6.785 million kiloliters, with the main brand Tsingtao Beer sales at 3.835 million kiloliters and sales of mid-to-high-end products at 2.779 million kiloliters. During the reporting period, the company achieved revenue of approximately 28.96 billion RMB, a decrease of 6.52% compared to the same period last year; the net profit attributable to the shareholders of the listed company was approximately 4.99 billion RMB, a year-on-year increase of 1.67%. The unaudited financial statements for the third quarter show that the company's total assets reached 50.371 billion RMB, an increase of 2.26% from the end of the previous year; the owner's equity attributable to the shareholders of the listed company was 29.797 billion RMB, an increase of 8.55%. At the end of the reporting period, the total number of common shareholders was 77,081, with 76,842 being A-shareholders and 239 being H-shareholders. Among the top ten shareholders, Hong Kong Securities Clearing Company Limited and Tsingtao Brewery Group Limited hold 45.01% and 32.51% of the shares respectively.