Tsingtao Brewery Co.,Ltd.’s Net Profit Rose 9.3% in First Quarter of 2022

Tsingtao Brewery Co.,Ltd. (青岛啤酒股份有限公司) (600600.SH) reported a net profit of 1.2 billion yuan in the first quarter of 2022, up 9.3% year-on-year.

Meanwhile, the company posted 9.2 billion yuan in revenue, up 3.1% year-on-year.

At the end of the reporting period, it had 47 billion yuan in total assets and 22 billion yuan in total liabilities, with a liability-to-asset ratio of 46.9%.