TSINGTAO BREW (00168) announced its mid-term results, with a net profit attributable to shareholders of approximately 3.92 billion yuan, representing a year-on-year increase of 0.4%.

TSINGTAO BREW (00168) announced its interim results for 2026, with operating revenue of approximately 19.655 billion yuan, a year-on-year decrease of 4.08%; net profit attributable to shareholders of the listed company was approximately 3.92 billion yuan, a year-on-year increase of 0.4%; basic earnings per share were 2.873 yuan. During the reporting period, the company continued to promote the optimization and upgrading of its product structure, with the mid-to-high-end and health product categories leading the growth. By deepening the Tsingtao Brewery + Laoshan Beer brand strategy and relying on the 1 + 1 + 1 + 2 + N product matrix, the company has built a diversified growth engine. In the first half of the year, the main brand Tsingtao Brewery achieved sales of 2.708 million kiloliters, of which mid-to-high-end products sold 2.044 million kiloliters, a year-on-year increase of 2.6%. The company continuously strengthens the market leadership of its flagship products and fresh products, solidifying its foundation with core flagship products and expanding incremental markets with strategic products; at the same time, it accelerates its layout in emerging sectors to build a more balanced and sustainable growth structure. In the first half of the year, classic series products underwent a renewal and continued to maintain steady growth; white beer and light beers experienced strong growth, with white beer leading the industry segment with its world-class gold award quality, ranking first in the industry for white beer; light beer quickly grew to become a category benchmark with its precise positioning in the zero sugar, low-calorie health sector. The company implemented strategic cooperation with international high-end brands, and the whole grain lager produced in collaboration with the German Paulaner Group was recognized shortly after its launch, further solidifying its high-end product layout.