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Tsingtao Brewery Company (168) investor relations material
Tsingtao Brewery Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on high-quality development, regional market differentiation, and cost control to enhance operational efficiency and profitability in Q1 2026.
Achieved cumulative product sales of 2.202 million kiloliters and operating revenue of RMB10.29 billion.
Advanced brand optimization and product portfolio upgrades, with emphasis on mid-to-high-end and premium products.
Expanded online and offline channels, driving rapid growth in online sales and strengthening brand engagement through diverse events.
Financial highlights
Revenue for Q1 2026 was RMB10,285 million, down 1.54% compared to Q1 2025.
Net profit attributable to shareholders rose 5.23% year-over-year to RMB1,799.8 million.
Net profit after deducting non-recurring items increased 6.42% year-over-year to RMB1,705.8 million.
Net cash flow from operating activities surged 67.46% year-over-year to RMB2,997 million, mainly due to higher cash received from sales.
Basic and diluted EPS both increased 5.18% year-over-year to RMB1.319.
Outlook and guidance
Continued focus on product innovation, channel expansion, and brand marketing to support high-quality growth.
Ongoing efforts to optimize product mix and capture new market segments, including non-alcoholic and low-calorie beverages.
- Net profit rose 5.6% to RMB 4.59 billion on steady revenue and strong product innovation.168
H2 202526 Mar 2026 - Q1 2025 saw higher revenue and profit, but operating cash flow declined on lower sales receipts.168
Q1 20255 Dec 2025 - Net profit rose 6.31% to RMB3.64 billion despite lower revenue and a sluggish market.168
Q2 20243 Dec 2025 - Net profit rose 5.7% year-over-year on steady revenue and strong premium product sales.168
Q3 202527 Oct 2025 - Net profit rose 7.2% to RMB3.90 billion on 2.1% revenue growth, with strong channel gains.168
H1 202522 Sep 2025 - Q3 profit fell on soft demand, but year-to-date net profit edged up on product mix upgrades.168
Q3 202413 Jun 2025 - 2024 net profit up 1.8% to RMB 4.34B; higher dividend and strong premiumization drive.168
H2 20245 Jun 2025
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