[ET Net News Agency, 14 January 2022] Tsingtao Brewery Company Limited (00168) said the
company is expected to achieve a net profit attributable to the shareholders of the
company for the year ended 31 December 2021 of approximately RMB3,150 million,
representing an increase of approximately 43% compared with last year.
It was mainly attributable to (1) the company made full use of the brand and quality
advantages of Tsingtao Beer, seized the initiative to actively explore domestic and
overseas markets, accelerated product structure upgrade, as well as actively broadened
sources of income and reduced expenditure while cutting costs and enhancing efficiency to
realize growth in its operating profit; and (2) the resumption of the company's land
located in Yangjiaqun, Qingdao, after the income from the compensation amount therefrom is
confirmed. (RC)
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00168 TSINGTAO BREW
Nominal 
51.450 -1.350 (-2.557%) Others
14/01/2022 15:30
Tsingtao Brewery (00168) expects 43% increase in year net
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