Tsingtao Brewery Company Limited

Tsingtao Brewery Company Limited

TSGTY
Tsingtao Brewery Company LimitedUS flagOther OTC
34.61
USD
+0.21
- -
11.22BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
104.73
107.51
102.27
96.57
97.26
98.38
103.57
102.71
111.28
118.61
124.8
118.01
119.01
85.88
Basic EPS, GAAP
7.31
7.37
6.34
3.86
4.68
5.26
6.86
8.14
11.64
13.68
15.7
15.95
16.82
12.12
Free Cash Flow per Basic Share
5.05
-0.96
4.66
7.82
5.27
11.96
10.59
13.54
16.26
11.42
4.27
11.07
8.57
-6.45
Dividend per Share
2.1
2.32
2.3
2
1.77
2.19
2.43
2.76
3.85
5.57
9.11
10.07
10.95
5.7
Book Value per Share
32.49
37.06
40.33
42.08
44.99
48.02
52.33
57.67
65.23
73.34
79.8
85.61
91.26
97.84
Tangible Book Value per Share
37.98
41.45
44.97
46.6
50.68
54.73
59.4
64.96
73.8
82.61
89.93
94.99
101.18
107.8
Basic Weighted Avg Shares
270
270
270
270
270
270
270
270
271
271
272
272
273
273
Sales/Revenue/Turnover
28,291
29,049
27,635
26,106
26,277
26,575
27,984
27,760
30,167
32,172
33,937
32,138
32,473
23,438
Operating Margin (%)
6.62
6.62
3.96
4.75
6.64
7.3
7.82
10.21
11.58
13.27
14.13
15.52
17.07
16.69
Depreciation Expense
879
922
950
1,133
1,161
1,138
1,125
1,145
1,110
1,084
1,140
1,191
1,259
- -
Net Income, GAAP
1,973
1,990
1,713
1,043
1,263
1,422
1,852
2,201
3,155
3,711
4,268
4,345
4,588
3,308
Effective Tax Rate (%)
25.94
24.73
29.14
47.93
34.33
34.4
29.26
28.17
27.3
24
24.33
23.63
25.01
25.2
Profit Margin (%)
6.98
6.85
6.2
4
4.81
5.35
6.62
7.93
10.46
11.53
12.58
13.52
14.13
14.11
Working Capital
1,161
1,124
2,134
2,325
3,621
5,654
7,648
9,118
10,700
12,331
12,693
7,667
7,603
11,141
LT Debt
5
3
2
1
1
41
38
116
113
98
63
68
78
74
Total Equity
13,873
15,287
16,166
16,879
17,775
18,690
19,913
21,368
23,794
26,272
28,255
29,860
31,512
33,286
Return on Invested Capital (%)
9
9.13
4.73
3.75
6.42
6.73
7.74
9.49
10.75
12.51
13.04
12.98
13.36
8.8
Return on Capital (%)
19.92
18.78
16.73
8.35
9.09
9.53
12.21
12.9
17.05
18.18
19.24
18
17.83
12.1
Return on Common Equity (%)
24.17
21.18
16.38
9.37
10.74
11.32
13.66
14.81
18.97
19.75
20.52
19.31
19.03
12.79

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
37
30
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
78
74
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,364
1,364
Market Capitalization
65,073
60,773
56,169

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
24,204
26,929
Cash, Cash Equivalents & STI
- -
19,088
22,966
Accounts Receivable, Net
- -
127
127
Inventories
- -
3,237
2,334
Total Current Liabilities
- -
16,601
15,788
Payables & Accruals
- -
- -
- -
ST Debt
- -
37
30
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.92%
8.11%
5.53%
Free Cash Flow
24.41%
13.13%
-22.38%
Net Income, GAAP
12.7%
16.67%
5.6%
Sales/Revenue/Turnover
1.73%
3.31%
1.04%
Total Cash Common Dividend
19.21%
33.71%
8.98%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,150
9,918
8,891
3,179
32,138
2025
10,446
10,046
- -
3,107
32,473
2026
10,285
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.87
- -
- -
- -
15.95
2025
6.27
- -
- -
- -
16.82
2026
6.59
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
10.07
2025
- -
- -
- -
- -
10.95
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Zong Xiang Jiang
Full Time Employees
29,870
Sector
Consumer Defensive
Industry
Beverages - Alcoholic
Address
Tsingtao Beer Tower Qingdao People's Republic of China 266071
IPO Date
Jan 5, 2010
Business
Tsingtao Brewery Company Limited Tsingtao Brewery Company Limited engages in the production, distribution, wholesale, and retail sale of beer products primarily in Mainland China across seven regional segments including Shandong, South China, North China, East China, and Southeast China regions, as well as Hong Kong, Macau, and other overseas markets; it offers core beer brands such as flagship Tsingtao Beer (a 4.7% ABV pale lager and unpasteurized Tsingtao Draft Beer brewed with Laoshan Spring mineral water at its Qingdao facility), Tsingtao Dark Beer (5.2% ABV), Laoshan Beer, Hans Brewery, Tsingtao Pure Draft, Special Edition beers, and Tsingtao Spirulina Green Beer (4.5% ABV green pilsner); the company also provides ancillary services encompassing wealth management, agency collection and payments, financing, construction, logistics, and technology promotion. Founded in 1903 by the Anglo-German Brewery Co. Ltd. in Qingdao—now its headquarters in Shandong Province, People's Republic of China—the company holds approximately 15% of China's domestic beer market share and accounts for half of the nation's beer exports to over 70 countries worldwide, with premium and craft-style beers comprising over 35% of sales volume. Tsingtao Brewery Company Limited maintains over 20 brewing facilities and one malting mill, supporting an annual production capacity of around 16 million hectoliters, while focusing on sustainability initiatives such as carbon emission reductions and water usage efficiency. In recent developments, the company initiated construction of major industrial projects in 2023, including a 1 million-kiloliter expansion in its Pingdu intelligent industrial park, upgrades to its Qingdao intelligent manufacturing demonstration plant, and a new craft beer brewery in Qingdao's West Coast New Area, with total investments exceeding RMB 1 billion; it announced a strategic partnership in September 2025 with Carabao and Namyong to strengthen its Thai market presence on the 50th anniversary of Thai-Chinese relations; additionally, Tsingtao pursued but terminated in October 2025 its planned CNY 665 million acquisition of Jimo Yellow Wine (Jimo Laojiu brand) due to unmet conditions, after which it continues to prioritize beer portfolio diversification and channel expansions.

Company News

APIChat
  • Tsingtao Brewery: Becoming Positive On Product And Channel Expansion (Rating Upgrade)

  • 3 Chinese Consumer Stocks to Buy for the Coming Turnaround

  • Video of man urinating into vat of Tsingtao beer ingredients prompts investigation