On April 12, Tsingtao Brewery (600600.SH) said at the 2023 annual performance briefing that with its excellent quality and well-known brand influence, Tsingtao Brewery has made great strides in the domestic middle and high-end market in recent years. In 2023, Tsingtao Brewery's main brand achieved a total sales volume of 4.56 million kiloliters, an increase of 2.7% over the previous year; among them, products above the middle and high-end achieved sales volume of 3.24 million kiloliters, an increase of 10.5% over the previous year. It has led to a continuous increase in the price of 1,000 litres of sake.