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Tsingtao Brewery Co., Ltd.
- 33.40 HKD
- +0.70
- +2.14%
China
Mar 25, 2019Ticker
HKG(168)Prev. close
32.70Market cap (HKD)
53,300.60MMarket cap (USD)
6,792.65MShares
1,350.98M
In the news
- China's top brewers try shake off image of 'cheap beer' May 26, 2018
- Brewer Asahi tackles debt pile ahead of fresh M&A May 24, 2018
- Liquid courage: Asahi and Nissin go it alone in China Feb 7, 2018
- Hong Kong stocks rise a 10th day in longest streak since 2012 Jan 8, 2018
- Nikkei Asia300 Index rises tracking global equity rally Jan 5, 2018 See more articles on Tsingtao Brewery Co., Ltd.
Company Background
Tsingtao Brewery is China's second largest brewery after China Resources Enterprise in terms of sales. Its predecessor was founded in 1903 by the Anglo-German Brewery, which was established by German and British residents of Qingdao, Shandong Province. It has long been the top Chinese brewery along with Harbin Brewery Group.
As of the end of 2014, the company has about 60 production bases in 20 provinces and direct-controlled municipalities across China. Tsingtao Brewery now sells Tsingtao Beer in 90 countries and regions around the world, including the U.S., Japan and parts of Europe. Tsingtao Brewery became the first mainland Chinese company to be listed on an overseas exchange in 1993.
Tsingtao has a long-standing relationship with Japan. During the war, the company was under the umbrella of DaiNippon Beer, current Sapporo Breweries and Asahi Breweries. With some 19.99% stake in the company, Asahi Group Holdings provides technical assistance to the company and Asahi's plant in China produces Tsingtao beer as well as Asahi beer. Meanwhile, in 2013, the company set up 50-50 joint ventures with Suntory Holdings, one in production and one in sales, and integrated their business operations in Shanghai and neighboring Jiangsu Province. In 2015, Suntory decided to end the joint venture by selling its stakes to Tsingtao who continues producing Suntory beer under a licensing agreement.
Business Summary
Financial Highlights
| Dec 2017 | HKD | USD |
| Revenue | 25,650.22M | 3,291.52M |
| Gross Profit | 7,256.08M | 931.12M |
| Operating income | 1,515.62M | 194.48M |
| Income before tax | 2,403.44M | 308.41M |
| Net income | 1,456.36M | 186.88M |
| EBITDA | 2,872.06M | 368.55M |
| Diluted EPS | 1.07 | 0.13 |
| Dividends Per Share | 0.51 | 0.06 |
| Total Assets | 37,209.37M | 4,759.87M |
| Total liabilities | 13,438.44M | 1,719.06M |
| Total equity | 20,581.90M | 2,632.86M |
| Operating cash flow | 2,635.10M | 338.14M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 32,884.41M | 33,812.53M | 31,582.39M | 27,895.96M | 25,650.22M |
| Gross Profit | 11,316.74M | 11,172.82M | 10,262.53M | 9,679.11M | 7,256.08M |
| Operating income | 2,372.82M | 2,425.64M | 1,352.25M | 1,445.93M | 1,515.62M |
| Income before tax | 3,352.47M | 3,346.62M | 2,811.57M | 2,487.16M | 2,403.44M |
| Net income | 2,489.83M | 2,504.59M | 2,113.11M | 1,219.22M | 1,456.36M |
| EBITDA | 3,489.50M | 3,600.00M | 2,541.03M | 2,788.38M | 2,872.06M |
| Diluted EPS | 1.84 | 1.85 | 1.56 | 0.90 | 1.07 |
| Dividends Per Share | 0.56 | 0.57 | 0.46 | 0.40 | 0.51 |
| Total Assets | 35,048.53M | 33,754.23M | 34,035.78M | 33,571.87M | 37,209.37M |
| Total liabilities | 15,087.25M | 12,350.60M | 12,464.00M | 12,371.37M | 13,438.44M |
| Total equity | 17,957.33M | 19,234.08M | 19,642.79M | 18,200.52M | 20,581.90M |
| Operating cash flow | 4,355.19M | 2,673.72M | 3,670.51M | 3,941.40M | 2,635.10M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 4,239.51M | 4,360.27M | 4,073.79M | 3,593.70M | 3,291.52M |
| Gross Profit | 1,458.97M | 1,440.78M | 1,323.75M | 1,246.91M | 931.12M |
| Operating income | 305.90M | 312.79M | 174.42M | 186.27M | 194.48M |
| Income before tax | 432.20M | 431.56M | 362.66M | 320.40M | 308.41M |
| Net income | 320.99M | 322.97M | 272.56M | 157.06M | 186.88M |
| EBITDA | 449.87M | 464.23M | 327.76M | 359.21M | 368.55M |
| Diluted EPS | 0.23 | 0.23 | 0.20 | 0.11 | 0.13 |
| Dividends Per Share | 0.07 | 0.07 | 0.05 | 0.05 | 0.06 |
| Total Assets | 4,520.20M | 4,352.66M | 4,391.62M | 4,330.09M | 4,759.87M |
| Total liabilities | 1,945.80M | 1,592.62M | 1,608.22M | 1,595.65M | 1,719.06M |
| Total equity | 2,315.95M | 2,480.26M | 2,534.50M | 2,347.50M | 2,632.86M |
| Operating cash flow | 561.47M | 344.78M | 473.45M | 507.75M | 338.14M |
Valuation Measures
| Dec 2017 | |
| PER | 37.38 |
| ROA | 4.11% |
| ROE | 7.51% |
| Operating margin | 5.90% |
| Profit margin | 5.67% |
Key executives
- President & Executive Director: Wei Fan
- Chief Financial Officer & Executive Director: Zhu Ming Yu
- Executive Director & Vice President: Rui Yong Wang
- Secretary: Rui Xiang Zhang
Shareholders
- Fosun International Holdings Ltd. (37.1%)
- Baillie Gifford & Co. (8.9%)
- Qingdao State-Owned Assets Supervision & Administration (5.8%)
- T. Rowe Price International Ltd. (2.3%)
- Macquarie Investment Management Business Trust (2.0%)
- The Vanguard Group, Inc. (1.8%)
- Fidelity Management & Research Co. (1.5%)
- Wells Capital Management, Inc. (1.2%)
- BlackRock Fund Advisors (1.1%)
- First State Investments (Hong Kong) Ltd. (1.1%)
Contact Details
- Website:http://www.tsingtao.com.cn
- Address: Tsingtao Beer Tower, May Fourth Square, Qingdao, 266071, China
- Phone: +86.532.8571.3831
Related Companies
- Tsingtao Brewery (Minhang) Co., Ltd.
- Tsingtao Brewery (Yangpu) Co., Ltd.
- Tsingtao Brewery (Lianyungang) Co., Ltd.
- Tsingtao Brewery (Huai'an) Co., Ltd.
- Tsingtao Brewery (Kunshan) Co., Ltd.
- Tsingtao Brewery New Songjiang Manufacturing Co., Ltd.
- Tsingtao Brewery (Shanghai) Investing Co., Ltd.
- Tsingtao Brewery Equipment Manufacture Co., Ltd.
- Shandong Lulansa Brewery Co., Ltd.
- Tsingtao Brewery (Lianyungang) Sales Co., Ltd.
- Tsingtao Brewery (Shanghai) Market Service Co., Ltd.
- Asia Brewery (Macau) Co., Ltd.
- Tsingtao Brewery Beverage Co., Ltd.
- Tsingtao Brewery Construction Co., Ltd.
- Tsingtao Brewery (Suizhou) Co., Ltd.
- Nanning Tsingtao Brewery Co., Ltd.
- Shanghai Tsingtao Catering Management Co., Ltd.
- Tsingtao Brewery (Zhangjiakou) Co., Ltd.
- Tsingtao Brewery (Shanghai) Industrial Co., Ltd.
- Tsingtao Brewery (Luoyang) Co., Ltd.
- Tsingtao Brewery (Xuzhou) Enterprise Mgmt Service Co., Ltd.
- Tsingtao Brewery (Jiujiang) Co., Ltd.
- Tsingtao Brewery (Electronic Commerce) Co., Ltd.
- Tsingtao Brewery Shaoguan Co., Ltd.
- Tsingtao Brewery (Taiyuan) Co., Ltd.
- Tsingtao Brewery (Shijiazhuang) Co., Ltd.
- Tsingtao Brewery Machinery & Equipment Co., Ltd.
- Tsingtao Brewery Chenzhou Sales Co., Ltd.
- Tsingtao Brewery Chengyang Sales Co., Ltd.
- Tsingtao Brewery (Yulin) Co., Ltd.
Competitors
- Carlsberg A/S Class B
- Anheuser-Busch InBev SA/NV
- Asahi Group Holdings,Ltd.
- San Miguel Corp.
- Top Frontier Investment Holdings, Inc.
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Last Updated on 25 Mar, 2019