China: Tsingtao Brewery sees 1.8% increase in net profit in 2024

In its latest report for 2024, Tsingtao Brewery Co., a leading beer manufacturer in China, highlighted a net profit of RMB 4.34 billion, marking a 1.8% increase from the previous year.

The company reported revenues of RMB 32.14 billion, despite a slight decline in overall sales volume in a challenging market environment.

Key financial metrics revealed a robust performance, with operating profits reaching RMB 5.84 billion. The company maintained strong brand influence and expanded its market presence through innovative marketing strategies and product offerings. Tsingtao also emphasized its commitment to digital transformation and sustainability, achieving recognition as a “Sustainable Lighthouse Factory.”

Looking ahead, Tsingtao Brewery Co. aims to continue its growth by leveraging its strong brand presence and expanding its product portfolio. The company plans to focus on high-quality, high-end products and further enhance its digital capabilities to drive operational efficiency and meet evolving consumer demands.

Overall, Tsingtao Brewery Co. remains well-positioned to navigate market challenges and capitalize on growth opportunities in the global beer industry, with a strategic focus on innovation and sustainability.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .