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Tsingtao Brewery Co., Ltd.
- 41.85 HKD
- -0.40
- -0.95%
China
Apr 19, 2018Ticker
HKG(168)Prev. close
42.25Market cap (HKD)
65,024.53MMarket cap (USD)
8,285.01MShares
1,350.98M
In the news
- 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
- Hong Kong shares end week at 10-year high amid global growth cheer Jan 5, 2018
- Nikkei Asia300 Index posts weekly gains on US tax optimism Dec 22, 2017 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 | 7,259.30M | 931.53M |
| Operating income | 1,518.83M | 194.90M |
| 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 | -- | -- |
| 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 | 7,259.30M |
| Operating income | 2,372.82M | 2,425.64M | 1,352.25M | 1,445.93M | 1,518.83M |
| 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 | -- |
| 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 | 931.53M |
| Operating income | 305.90M | 312.79M | 174.42M | 186.27M | 194.90M |
| 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 | -- |
| 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 | 5.92% |
| Profit margin | 5.67% |
Key executives
- President & Executive Director: Ke Xing Huang
- Chief Financial Officer & Executive Director: Zhu Ming Yu
- Executive Director, Chief Winemaker & VP: Wei Fan
- Vice President: Rui Yong Wang
- Board Secretary: Rui Xiang Zhang
Shareholders
- Baillie Gifford & Co. (8.9%)
- CHEN FA SHU (3.8%)
- Fidelity Management & Research Co. (1.8%)
- The Vanguard Group, Inc. (1.7%)
- Qingdao State-Owned Assets Supervision & Administration (1.7%)
- BlackRock Fund Advisors (1.3%)
- JPMorgan Investment Management, Inc. (1.2%)
- Wells Capital Management, Inc. (1.2%)
- JPMorgan Asset Management (UK) Ltd. (1.0%)
- Norges Bank Investment Management (0.9%)
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
- Shanghai Tsingtao Brewery Sales Co., Ltd.
- Tsingtao Brewery Hangzhou Co. Ltd.
- Tsingtao Brewery (Nanning) Co. Ltd.
- Shandong Xin Immense Brewery Co., Ltd.
- Tsingtao Brewery South China Sales Co.
- Tsingtao Brewery South-East Sales Co. Ltd.
- Tsingtao Brewery (Sanshui) Co. Ltd.
- Tsingtao Brewery Sales Co.
- Tsingtao Brewery Xi'an Co. Ltd.
- Tsingtao Brewery Jinan Bao Tu Quan Sales Co. Ltd.
- Shenzhen Tsingtao Brewery South China Investment Co. Ltd.
- Tsingtao Beer (H.K.) Trading Co. Ltd.
- Tsingtao Beer Shanghai Songjiang Co. Ltd.
- Tsingtao Brewery Beifant Sales Co. Ltd.
- Tsingtao Brewery No. 5 Co. Ltd.
- Shenzhen Huanan Tsingtao Brewery Sales Co., Ltd.
- Shenzhen Tsingtao Brewery Huanan Holding Co. Ltd.
- Tsingtao Brewery Culture Broadcasting Co. Ltd.
- Tsingtao Brewery Engineering Co. Ltd.
- Tsingtao Brewery (Xuzhou) Pengcheng Co. Ltd.
- Tsingtao Brewery (Rizhao) Co. Ltd.
- Tsingtao Brewery (Heze) Co. Ltd.
- Tsingtao Brewery (Tengzhou) Co. Ltd.
- Tsingtao Brewery (Weifang) Co. Ltd.
- Tsingtao Brewery (Pingyuan) Co. Ltd.
- Tsingtao Brewery (Suqian) Co. Ltd.
- Tsingtao Brewery (Taizhou) Co. Ltd.
- Tsingtao Brewery (Shanghai) Co. Ltd.
- Shanghai Tsingtao Brewery Huadong (Holding) Co. Ltd.
- Tsingtao Brewery (Wuhu) Co. Ltd.
Competitors
- Anheuser-Busch InBev SA/NV
- Carlsberg A/S Class B
- Asahi Group Holdings,Ltd.
- San Miguel Corp.
- Top Frontier Investment Holdings, Inc.
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