Asia300

Tsingtao Brewery Co., Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 22, 2017
Prev close: 34.1
Nov 22, 2017
Market cap:
Market cap(USD):
49,734.10M
6,367.86M
Shares: 1,350.98M

Currency in HKD

Company profile

Market(Ticker): HKG(168)
Sector:
Industry:
Consumer Non-Durables
Beverages: Alcoholic
Full time employees: 43,228

Business summary

Tsingtao Brewery Co., Ltd. engages in the manufacture and sale of beer and related products. It operates through the following business segments: Shandong; South China; North China; East China; Southeast; Hong Kong, Macau, and overseas; and Finance. The Shandong segment engages in the production and sale of beer in Shandong and surrounding areas. The South China, North China, East China, and Southeast segments engage in the production and sale of beer in the respective areas. The Hong Kong, Macau, and overseas segment engages in the sale of beer in Hong Kong, Macau, and overseas. The Finance segment handles the financial management and financial transactions such as payment and collection of member units. The company was founded in August 1903 and is headquartered in Qingdao, China.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 27,895.96M
Gross profit 9,679.11M
Operating income 1,445.93M
Income before tax 2,487.16M
Net income 1,219.22M
EBITDA 2,788.38M
Diluted EPS 0.90
Dividends per share 0.4
Total assets 33,571.87M
Total liabilities 12,371.37M
Total equity 18,200.52M
Operating cash flow 3,941.40M

Currency in HKD

Revenue 3,593.70M
Gross profit 1,246.91M
Operating income 186.27M
Income before tax 320.40M
Net income 157.06M
EBITDA 359.21M
Diluted EPS 0.11
Dividends per share 0.05
Total assets 4,330.09M
Total liabilities 1,595.65M
Total equity 2,347.50M
Operating cash flow 507.75M

Currency in USD

Valuation measures

Dec 2016

PER 32.48
ROA 3.60%
ROE 6.44%
Operating margin 5.18%
Profit margin 4.37%

Key executive

  • 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

Share holders

  • Asahi Group Holdings Ltd.(41.2%)
  • Baillie Gifford & Co.(9.0%)
  • CHEN FA SHU(3.8%)
  • Fidelity Management & Research Co.(2.0%)
  • Qingdao State-Owned Assets Supervision & Administration(1.7%)
  • The Vanguard Group, Inc.(1.7%)
  • JPMorgan Investment Management, Inc.(1.2%)
  • BlackRock Fund Advisors(1.2%)
  • Wells Capital Management, Inc.(1.2%)
  • JPMorgan Asset Management (UK) Ltd.(1.0%)

Address

  • Website: http://www.tsingtao.com.cn
  • Address: Tsingtao Beer Tower, May Fourth Square, Qingdao, 266071, China
  • Phone: +86.532.8571.3831

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