Tsingtao Brewery Co.,Ltd.’s Net Profit Rose 17.5% in First Three Quarters of 2022

Tsingtao Brewery Co.,Ltd. (青岛啤酒股份有限公司) (600600.SH) reported a net profit of 4.4 billion yuan in the first three quarters of 2022, up 17.5% year-on-year.

Meanwhile, the company posted 29.1 billion yuan in revenue, up 8.7% year-on-year.

At the end of the reporting period, it had 49.3 billion yuan in total assets and 22.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.5%.