Business Segments Tsingtao Brewery Company Limited Hong Kong S.E.

Stocks

168 CNE1000004K1

Brewers

Market Closed - Hong Kong S.E. Other stock markets 04:08:36 2026-07-10 EDT			5-day change	1st Jan Change
44.44 ^HKD	+3.06%		+1.79%	-8.78%

06-26	Tsingtao Brewery Company Limited Approves Final Cash Dividend for the Year Ended December 31, 2025, Payable on 10 August 2026	CI
06-26	Tsingtao Brewery Company Limited Announces Board Changes, Effective June 26, 2026	CI

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
Beer, Ale and Malt Beverages
Shandong Region	20.85B	22.73B	24.39B	23.59B	23.81B
Total Assets	17.35B	21.55B	18.01B	22.55B	26.52B
Interest Expense	-2.91M	-4.83M	-4.13M	-10.01M	-85.61M
Income Tax Expense	647M	744M	805M	854M	976M
CAPEX	-1.14B	-1.39B	-893M	-	-2.52B
EBT	2.46B	3.19B	3.28B	3.67B	4.3B
D&A	493M	489M	535M	566M	610M
Net Income	1.81B	2.44B	2.47B	2.82B	3.32B
North China	7.36B	7.97B	8.1B	7.94B	8.09B
Total Assets	9.06B	9.41B	9.68B	8.22B	8.68B
Interest Expense	-2.17M	-1.81M	-1.57M	-1.38M	-1.39M
Income Tax Expense	252M	311M	296M	243M	346M
CAPEX	-399M	-182M	-302M	-	-171M
EBT	1.01B	1.2B	1.17B	1.25B	1.39B
D&A	229M	232M	237M	242M	237M
Net Income	758M	889M	874M	1.01B	1.04B
South China	3.46B	3.49B	3.71B	3.5B	3.54B
Total Assets	4.39B	4.43B	4.53B	4.32B	4.55B
Interest Expense	-3.6M	-3.18M	-3.76M	-2.85M	-2.4M
Income Tax Expense	83.42M	96.44M	62.56M	118M	98.55M
CAPEX	-112M	-73.08M	-103M	-	-170M
EBT	186M	347M	420M	485M	485M
D&A	167M	146M	143M	143M	136M
Net Income	103M	251M	358M	367M	386M
East China	2.85B	2.85B	2.85B	2.6B	2.69B
Total Assets	3.26B	3.43B	3.33B	3.45B	3.15B
Interest Expense	-14.68M	-15.87M	-14.98M	-6.81M	-7.22M
Income Tax Expense	616K	6.85M	57.35M	33.07M	53.13M
CAPEX	-70.92M	-86.26M	-46.51M	-	-145M
EBT	-65.45M	41.99M	247M	103M	196M
D&A	160M	141M	136M	135M	136M
Net Income	-66.06M	35.13M	190M	69.81M	143M
South-East China Region	902M	924M	899M	682M	678M
Total Assets	822M	935M	844M	783M	737M
Interest Expense	-2.12M	-2.81M	-2.81M	-2.31M	-2.16M
Income Tax Expense	2.79M	2.7M	3.61M	1.67M	91.28K
CAPEX	-8.36M	-10.29M	-2.63M	-	-14.57M
EBT	55.83M	51.76M	41.86M	-63.77M	-66.62M
D&A	25.62M	33.63M	34.89M	33.04M	34.4M
Net Income	53.05M	49.06M	38.25M	-65.43M	-66.71M
South-West	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Net Income	-	-	-	-	-
Non-Durable Goods Distribution
Hong Kong SAR, Macau SAR and Other Overseas Region	826M	1.18B	988M	752M	841M
Total Assets	466M	637M	655M	578M	980M
Interest Expense	-2.4M	-4.99M	-2.73M	-387K	-129K
Income Tax Expense	9.85M	23.77M	55.03M	23.57M	42.3M
CAPEX	-4.16M	-2.2M	-1.53M	-	598K
EBT	46.92M	102M	185M	93.73M	121M
D&A	3.44M	4.22M	2.85M	7.16M	6.13M
Net Income	37.07M	78.29M	130M	70.15M	78.94M
Unallocated	35.03M	39.68M	42.46M	183M	123M
Total Assets	10.88B	9.33B	10.74B	6.37B	7.08B
Income Tax Expense	148M	-59.85M	-	-	-
CAPEX	-110M	-97M	-153M	-	-131M
EBT	346M	-91.92M	-300M	-223M	-395M
D&A	64.87M	77.22M	92.06M	113M	133M
Net Income	198M	-32.08M	-300M	-223M	-395M
Elimination	-6.15B	-7.06B	-7.05B	-7.12B	-7.33B
Total Assets	-20.41B	-20.54B	-19.44B	-15.57B	-15.59B
Interest Expense	211M	260M	258M	197M	87.27M
Income Tax Expense	-3.64M	-10.56M	14.35M	-5.82M	-2.8M
CAPEX	54.13M	31.39M	20.37M	-	-
EBT	112M	-175M	282M	60.41M	7.34M
D&A	-	-	-	-	-965K
Net Income	116M	-164M	268M	66.23M	10.14M
Investment Funds
Finance Company	29.66M	29.13M	12.66M	6.5M	31.23M
Total Assets	20.74B	21.13B	20.91B	18.79B	14.06B
Interest Expense	-206M	-236M	-244M	-195M	-4.75K
Income Tax Expense	82.77M	86.21M	104M	122M	60.23M
CAPEX	-2.86M	-687K	-2.31M	-	-3.34M
EBT	331M	341M	422M	501M	257M
D&A	1.92M	2.01M	1.74M	1.72M	1.8M
Net Income	248M	255M	317M	379M	196M

Geographical Revenue Distribution History

Geographical breakdown of sales (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
Mainland China	29.31B	31.28B	33.05B	31.57B	31.85B
Total Assets	15.46B	16.04B	16.18B	17.19B	18.16B
Other Overseas Countries and Regions	670M	708M	691M	387M	447M
Hong Kong and Macau, SAR	191M	180M	199M	186M	178M
Total Assets	14.42M	13.69M	13.11M	17.73M	13.51M