Tsingtao Brewery's Q1 net profit increased by 7.08% year-on-year, with main brand sales steadily growing by 4.1%

Tsingtao Brewery's Q1 profitability steadily improved. Revenue increased by 2.91% year-on-year, and net profit grew by 7.08% year-on-year. The main brand, Tsingtao Beer, saw a steady sales increase of 4.1%, with online sales reaching a historical high.

On the 28th, Tsingtao Brewery announced its first-quarter performance:

• Revenue: Revenue reached RMB 10.45 billion, a year-on-year increase of 2.9%
• Net Profit: Net profit attributable to shareholders of the listed company reached RMB 1.71 billion, a year-on-year increase of 7.08%
• Earnings per Share: RMB 1.254, compared to RMB 1.172 in the same period last year, a year-on-year increase of 6.72%.

Steady Sales Growth, Significant Structural Optimization Results

The financial report disclosed that in the first quarter of 2025, Tsingtao Brewery achieved a cumulative product sales volume of 2.261 million kiloliters. The company's main brand, Tsingtao Beer, achieved sales of 1.375 million kiloliters, a year-on-year increase of 4.1%, exceeding the industry average. Sales of mid-to-high-end products reached 1.011 million kiloliters, a year-on-year increase of 5.3%.

In terms of sales channels, Tsingtao Brewery continues to strengthen its digital transformation, with online sales reaching a historical high, and instant retail business maintaining rapid growth. The company's operational efficiency continues to improve.

As of the end of March 2025, Tsingtao Brewery's total assets were RMB 51.291 billion, a slight decrease of 0.25% compared to the beginning of the year; equity attributable to shareholders of the listed company was RMB 30.771 billion, an increase of 5.89% compared to the beginning of the year. The company's debt-to-asset ratio was 38.47%, down from 41.93% at the beginning of the year, indicating a more robust financial structure