Tsingtao Brewery Company Limited (0168.HK) stock price, financials & research

Regular session · HKT · Market data may be delayed.

Company profile

Tsingtao Brewery Company Limited, along with its affiliated enterprises, focuses on the worldwide manufacturing, distribution, and sale of beer products. Its operations are structured across seven distinct divisions: Shandong, South China, North China, East China, Southeast China, the combined region of Hong Kong, Macau, and other international markets, and a dedicated Finance Company. The company's primary beer brands are Tsingtao and Laoshan. Additionally, it offers a variety of services including wealth management, payment processing, financial solutions, construction, logistics, and the promotion and implementation of technology. Founded in 1903, the firm's main office is located in Qingdao, People's Republic of China.

Industry: Beverages - Alcoholic
Sector: Consumer Defensive
Headquarters: CN
CEO: Zong Xiang Jiang
Listed since: Jul 15, 1993
Employees: 29,257

Market position

Day range

Current HK$42.82

HK$42.60HK$43.00

52-week range

Current HK$42.82

HK$42.22HK$56.00

Open: HK$42.68
Previous close: HK$42.58
Volume: 2.31M; 0.72× average
Average volume: 3.21M; Average daily volume
Market cap: 70.3B HKD
Beta: 0.36; Market reference 1
50-day average: HK$45.1788; -5.22% below average
200-day average: HK$49.5909; -13.65% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM): 14.94×
P/B (TTM): 2.15×
P/S (TTM): 2.16×
Dividend yield: 4.59%

Profitability & efficiency

Gross margin: 41.82%
Operating margin: 17.47%
Net margin: 14.48%

Financial health

Debt / equity: 0.01×
Altman Z-score: 3.67
Piotroski F-score: 6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

29.52B CNY-8.16%

Operating income

5.03B CNY-13.95%

Net income

4.47B CNY+2.86%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	29.52B CNY	32.14B CNY	33.94B CNY	32.17B CNY	30.17B CNY
Cost of goods sold	18.75B CNY	19.21B CNY	20.82B CNY	20.32B CNY	19.09B CNY
Gross profit	10.77B CNY	12.93B CNY	13.12B CNY	11.85B CNY	11.08B CNY
Research and development	121.85M CNY	102.77M CNY	100.64M CNY	62.95M CNY	30.89M CNY
Selling, general, and administrative	2.1B CNY	2.98B CNY	3.16B CNY	4.61B CNY	4.65B CNY
Operating expenses	5.74B CNY	7.08B CNY	7.38B CNY	7.58B CNY	7.58B CNY
Interest income	435.81M CNY	616.77M CNY	506.38M CNY	459.66M CNY	315.65M CNY
Interest expense	13.72M CNY	21.84M CNY	19.23M CNY	16.68M CNY	29.09M CNY
Depreciation and amortization	1.27B CNY	1.19B CNY	1.14B CNY	1.08B CNY	1.11B CNY
Operating income	5.03B CNY	5.84B CNY	5.74B CNY	5B CNY	4.45B CNY
Net income	4.47B CNY	4.34B CNY	4.27B CNY	3.71B CNY	3.16B CNY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate: 50%; 5 beats, 4 misses, 1 met estimate
Average EPS surprise: +3.02%; 10 comparable reports
Latest EPS result: 1.5; Estimate 1.45 · Beat by 3.45%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$2.648

2025 complete year+194.2% since 2021

2026 partial: HK$2.70

HK$0.90

2,021

HK$1.288

2,022

HK$1.98

2,023

HK$2.19

2,024

HK$2.648

2,025

HK$2.70

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Jun 30, 2026	HK$2.70Annual	Jul 2, 2026	Aug 10, 2026
Dividend	May 23, 2025	HK$2.648Annual	May 26, 2025	Jul 11, 2025
Dividend	Jul 3, 2024	HK$2.19Annual	Jul 4, 2024	Aug 9, 2024
Dividend	Jun 20, 2023	HK$1.98Special	Aug 11, 2023	Aug 11, 2023
Dividend	Jul 4, 2022	HK$1.288Annual	Jul 5, 2022	Aug 12, 2022
Dividend	Jul 2, 2021	HK$0.90Annual	Jul 5, 2021	Aug 10, 2021