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Tsingtao Beer Co., Ltd. revenue in the third quarter was 8.48 billion yuan, and hong Kong stock prices rose by more than 13% during the week.

On October 29, Capital State learned that the Hong Kong stock company Tsingtao Beer Co., Ltd. (00168.HK) released its third quarterly report.

In the third quarter of 2021, the company's operating income was about 8.48 billion yuan (RMB, the same below), a decrease of 3.01% year-on-year, and the net profit attributable to the shareholders of the parent company was about 1.195 billion yuan, an increase of 6.43% year-on-year.

In the first three quarters, the company's operating income was about 26.771 billion yuan, an increase of 9.62% year-on-year, and the net profit attributable to shareholders of listed companies was about 3.611 billion yuan, an increase of 21.25% year-on-year.

The announcement also mentioned that in the first three quarters of this year, the company achieved a total of 7.082 million kiloliters of product sales, an increase of 2.02% year-on-year, of which the main brand Tsingtao Beer achieved product sales of 3.784 million kiloliters, an increase of 13.05% year-on-year.

According to Tianyan, Tsingtao Beer Co., Ltd. was established in June 1993, and its H shares have been listed on the main board of the Hong Kong Stock Exchange since July 15, 1993, while A shares have been listed on the Shanghai Stock Exchange since August 27, 1993.

The company's business scope includes the production of beer, the sale of prepackaged food, the production of beverages, etc. The largest shareholder of the company is Hong Kong Securities Clearing (Nominee) Limited, which holds 44.99% of the shares. In addition, the company has 88 foreign-invested enterprises, including Tsingtao Beer Technology R&D Center Co., Ltd.

From the perspective of stock price performance, Tsingtao Beer shares today continued the upward trend of this week, and the Hong Kong stock price has risen by more than 13% this week. As of press time, Tsingtao Beer shares were quoted at 70.5 Hong Kong dollars, up 4.37%.

This article originated from Capital State