Tsingtao Brewery Co.,Ltd.’s Net Profit Rose 19.7% in First Half of 2023

Tsingtao Brewery Co.,Ltd. (青岛啤酒股份有限公司) (600600.SH) reported a net profit of 3.5 billion yuan in the first half of 2023, up 19.7% year-on-year.

Meanwhile, the company posted 21.6 billion yuan in revenue, up 12% year-on-year.

At the end of the reporting period, it had 52.3 billion yuan in total assets and 25 billion yuan in total liabilities, with a liability-to-asset ratio of 47.8%.