Tsingtao Brewery Co.,Ltd.’s Net Profit Rose 16.9% in First Half of 2022

Tsingtao Brewery Co.,Ltd. (青岛啤酒股份有限公司) (600600.SH) reported a net profit of 2.9 billion yuan in the first half of 2022, up 16.9% year-on-year.

Meanwhile, the company posted 19.3 billion yuan in revenue, up 5.4% year-on-year.

At the end of the reporting period, it had 50.1 billion yuan in total assets and 24.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49.5%.