Changes in Hong Kong stocks | Tsingtao Brewery Co., Ltd. (00168) fell more than 5% after the results, revenue for the first half of the year fell 4% year-on-year, and net profit increased slightly by 0.4%

The Zhitong Finance App learned that Tsingtao Brewery Co., Ltd. (00168) fell more than 5% after the results. As of press release, it had a decrease of 5.74% to HK$40.4, with a turnover of HK$155 million.

According to the news, Tsingtao Brewery announced interim results. Revenue for the first half of the year was 19.655 billion yuan, down 4.08% year on year; net profit attributable to shareholders of listed companies was 3.92 billion yuan, a slight increase of 0.4%; and product sales volume of 4.5 million kiloliters. The return on net assets (weighted) was 12.02%, down 6.09% year over year.

During the reporting period, the company continued to promote product structure optimization and upgrading, leading growth in high-end and health categories. Build a diversified growth engine by deepening the “Tsingtao Brewer+Laoshan Beer” brand strategy. The main brand of Tsingtao Brewery achieved sales volume of 2.708 million kiloliters in the first half of the year. Among them, high-end products achieved sales volume of 2,044,000 kiloliters, an increase of 2.6% over the previous year.