2 Followers SHG:600600 - Tsingtao Brewery Co Ltd Tsingtao Brewery Co Ltd
Sector: Consumer Staples, Industry: Brewers
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CNY 84.14    +0.38 (+0.45%)

28 Mar 2024


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General

CEO: Mr. Ke Xing Huang

IPO: 1993-07-15

Headquarters: CN

Employees: 31,707

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Description

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery’s brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.

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