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Tsingtao Brewery Co Ltd ADR TSGTY Stock Quote

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Morningstar‘s Stock Analysis TSGTY

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Key Statistics TSGTY

Company Profile TSGTY

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.

Contact
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