---
title: "Tsingtao Brewery (600600.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600600.SH/norm.md"
symbol: "600600.SH"
name: "Tsingtao Brewery"
parent: "https://longbridge.com/en/quote/600600.SH.md"
datetime: "2026-05-20T00:14:30.009Z"
locales:
  - [en](https://longbridge.com/en/quote/600600.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600600.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600600.SH/norm.md)
---

# Tsingtao Brewery (600600.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 1.32 | -0.5028 | 1.00 | 1.61 | 1.25 |
| ROE | 22.82% | -8.86% | 17.88% | 28.90% | 22.87% |
| Revenue | 10.29B | 3.11B | 8.88B | 10.05B | 10.45B |
| Net income | 1.80B | -686.25M | 1.37B | 2.19B | 1.71B |
| Operating income | 2.28B | -1.43B | 1.96B | 2.50B | 2.14B |
| Gross margin | 42.74% | 20.99% | 43.92% | 45.52% | 41.64% |
| Net margin | 17.50% | -22.09% | 15.44% | 21.84% | 16.37% |
| Profit quality | 76.16% | - | 192.46% | 83.21% | 119.81% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 53.37B | 52.13B | 51.39B | 52.37B | 51.29B |
| Leverage | 1.60 | 1.65 | 1.60 | 1.70 | 1.63 |
| BVPS | 23.78 | 22.47 | 22.97 | 21.96 | 22.56 |
| Turnover | 0.6175 | 0.6272 | 0.6396 | 0.6192 | 0.6375 |
| Cash & STI | 23.02B | 19.24B | 21.12B | 22.17B | 21.37B |
| Inv & Rec | 2.33B | 3.24B | 1.84B | 2.07B | 2.27B |
| LT assets | 13.70B | 13.60B | 13.00B | 12.78B | 12.66B |
| Net debt | -22.91B | -19.12B | -21.01B | -22.05B | -21.27B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 3.00B | -1.22B | 1.02B | 3.01B | 1.79B |
| Investing CF | -2.99B | 1.43B | -2.06B | 1.91B | -4.52B |
| Financing CF | -14.66M | -15.04M | -1.47B | -1.61B | -14.78M |
| Free CF | 1.06B | -876.60M | -2.37B | 3.88B | 787.98M |
| OCF coverage | 485.09% | -164.91% | 50.36% | 148.08% | 358.61% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -617.82M | -691.43M | -612.47M | -450.31M | -499.02M |

## Distribution Plan

**Dividend Yield**: 3.57

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
2.2CNY | 2025-06-26 | 2025-06-27 | 2025-06-27 |
| Cash Dividend: 
2CNY | 2024-07-15 | 2024-07-16 | 2024-07-16 |
| Cash Dividend: 
1.3CNY | 2023-07-13 | 2023-07-14 | 2023-07-14 |