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Tsingtao Brewery Co Ltd Class H TSGTF Stock Quote

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Morningstar‘s Stock Analysis TSGTF

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Company Profile TSGTF

Business 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 around 60% of its revenue and over half of its net profit in 2021. 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.

No. 35, Donghai West Road, Tsingtao Beer Tower
Qingdao, 266071, China, People's Republic of
T +86 53285713831
Industry Beverages - Brewers
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 32,947