In Q1, Tsingtao Brewery's net income increased by 7.08% year-on-year, with the main brand's sales steadily growing by 4.1%.

Tsingtao Brewery's profitability steadily improved in Q1. Revenue grew by 2.91% year-on-year, and net income increased by 7.08% year-on-year. The main brand, Tsingtao Brewery, saw a steady sales growth of 4.1%, with online sales reaching a record high. On the 28th, Tsingtao Brewery announced its first-quarter performance: Revenue: 10.45 billion yuan, an increase of 2.9% year-on-year. Net income: The net income attributable to shareholders of the listed company reached 1.71 billion yuan, an increase of 7.08% year-on-year. EPS: 1.254 yuan, compared to 1.172 yuan for the same period last year, a growth of 6.72%. Sales steadily increased, and structural optimization showed significant results as revealed in the earnings reports.

wallstreetcnApr 28 08:26 ET

Is Baijiu(Chinese Liquor) saved? After the Spring Festival, several Baijiu(Chinese Liquor) Funds rose over 10%. Have the investors who entered at a high point recovered their capital?

① Funds heavily invested in Baijiu are rebounding, with many products increasing over 10% after the holiday; ② Investors who poured into funds focused on Baijiu three years ago are still at a loss; ③ A total of 19 related Baijiu stocks are heavily held by public funds, with the market value of Kweichow Moutai's heavy holdings significantly reduced from its peak.

cls.cnMar 12 21:52 ET

Brokerage morning meeting highlights: It is expected that 2025 will be the first year when the Real Estate Industry truly achieves stability and long-term development.

At today's Brokerage morning meeting, CITIC SEC proposed that 2025 will be the year when the Real Estate Industry truly stabilizes and moves forward; Tianfeng stated that industry demand is expected to recover, and the Autos Sector may gradually become optimistic; China Securities Co.,Ltd. pointed out that the current valuation of the Baijiu(Chinese Liquor) Sector remains low overall, highlighting its long-term investment value.

cls.cnDec 30, 2024 19:22 ET

Boosting the heat with top sports events, the non-alcoholic beer global market is smoothly advancing.

Millennials play a leading role in driving the growth of non-alcoholic consumer consumption, and this role continues to strengthen.

cls.cnOct 8, 2024 12:15 ET

Chairman Hou Xiaohai of China Res Beer's board of directors: It is expected that the beer sales volume for the whole year will continue to experience a single-digit negative growth. | Live coverage of the earnings conference

In H1 2024, China Res Beer's revenue slightly decreased by 0.5%, and net income increased 1.2%. The company claims that this is in line with its expectations. Chairman of the Board of Directors of China Res Beer, Hou Xiaohai, believes that it is unlikely that the annual beer sales growth rate will return to normal this year. Hou Xiaohai stated that even if the rumors of salary reductions become true, it will only affect a very small number of people, and the impact on the company's management team is only relative to 0.01% level.

cls.cnAug 19, 2024 09:11 ET

After being included in the Hong Kong Stock Connect for three days, the market cap has increased by more than 7 billion. Can Zhenjiu Lidu welcome a valuation reconstruction?

Different markets have different pricing strategies.

wallstreetcnSep 6, 2023 21:30 ET

Southwest Securities: the target price for China Resources Beer's (00291) "buy" rating is HK $57.18.

Southwest Securities released a research report, first given China Resources Beer (00291) "buy" rating, 2022-24 return net profit is expected to maintain a compound growth rate of 12.4%. In addition, considering the completion of the company's high-end product matrix and the continuous progress of channel reform, it is given a valuation of 35 times in 2022, corresponding to the target price of HK $57.18. The main points of Southwest Securities are as follows: recommendation logic: 1. The industry has begun its high-end transformation since 2017, and has now entered a dividend period for structural upgrading after the introduction of upfront costs. it is expected that the proportion of high-end beer sales in the industry will exceed 2% in the next three years.

ZHITONGMay 11, 2022 21:43 ET

Hong Kong shares rise 0.2% as consumer stocks gain

Dow Jones NewswiresJan 26, 2022 04:01 ET · Markets

Tsing Tao Beer: Fosun Group reduced its holdings of H shares by 38 million shares on December 9.

Tsing Tao Beer announced that Fosun Group will reduce its stake in H shares of the company by 38 million shares on December 9. After this equity change, the proportion of shares held by Fosun Group will drop from 7.84% to 5.06%.

格隆滙Dec 13, 2021 20:06 ET

Hong Kong stocks decline; downside looks limited

Dow Jones NewswiresDec 9, 2021 21:33 ET · Markets

Hong Kong shares end 0.1% higher; Consumer goods, property stocks support

Dow Jones NewswiresDec 8, 2021 03:53 ET · Markets

CICC Refreshes Offshore CN Top Picks, Adding MENGNIU, KUAISHOU, GWM, CR BEER etc.

AAStocksDec 2, 2021 03:46 ET

Hong Kong stocks end lower for third straight day

Dow Jones NewswiresNov 19, 2021 04:20 ET · Markets

Tontine Wines Signs Strategic Deal for Product Distribution Expansion

MT NewswiresNov 15, 2021 00:32 ET

Hong Kong: Stocks rise 0.6%; tech, consumer stocks lead gains

Dow Jones NewswiresNov 3, 2021 21:58 ET · Markets

Tsingtao Brewery's Profit Rises 6% in Q3; Shares Rally 10% in Shanghai

MT NewswiresOct 29, 2021 00:51 ET

Budweiser Brewing APAC's Q3 Profit Jumps on Double-Digit Growth of Premium Brands in India, South Korea

MT NewswiresOct 27, 2021 22:00 ET

Market Chatter: Budweiser to Invest on Green Projects as Premium Segment Expansion Pushes Ahead

MT NewswiresOct 20, 2021 00:50 ET

Hong Kong shares rise 1.1%, tracking Wall Street

Dow Jones NewswiresOct 19, 2021 21:44 ET · Markets

Tsingtao Brewery to Buyback, Cancel Restricted Shares Granted to Former Employees

MT NewswiresOct 3, 2021 23:50 ET