Tsingtao Brewery stock reports weaker sales as profit edges higher

Published on 10/07/2026 at 00:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tsingtao Brewery stock last stood at HKD 39.44 on October 6, 2026, after H1 revenue fell 4.08 percent. Net profit rose 0.40 percent, while Q2 sales weakened.

Tsingtao Brewery, CNE1000004K1, Illustration mit AI erstellt.

Tsingtao Brewery (ISIN CNE1000004K1) was last at HKD 39.44 on the Hong Kong Stock Exchange on October 6, 2026, up 0.15 percent on the session. The company’s latest interim report showed falling beer sales but a modest increase in first-half profit.

Revenue fell as profit edged higher

According to Futu, Tsingtao Brewery reported CNY 19.655 billion in operating revenue for the first half of 2026, down 4.08 percent year over year. Net profit attributable to shareholders reached CNY 3.920 billion, up 0.40 percent, while adjusted net profit rose 0.99 percent to CNY 3.667 billion.

The pressure intensified in the second quarter. Revenue fell 6.73 percent year over year to CNY 9.37 billion, and net profit declined 3.37 percent to CNY 2.12 billion, even as the gross margin increased to 47.19 percent from a year earlier.

Premium products soften the volume decline

Sales volume reached 4.5 million kiloliters in H1 2026, down 4.9 percent year over year. Revenue per ton rose 0.86 percent to CNY 4,368, showing that pricing and product mix partly offset weaker volumes.

The mix shift is visible in premium products. Sales of mid-to-high-end and premium products rose 2.61 percent to 2.044 million kiloliters, according to Futu, while the company’s flagship brand declined 0.18 percent in the first half.

Analyst target remains above the stock

In a linked September report, Citi cut its Tsingtao Brewery price target from HKD 76.10 to HKD 68.55 and retained a Buy rating, citing weaker-than-expected growth in the Chinese beer industry. According to Futu, the revised target lies 73.8 percent above the October 6 price.

The next reported checkpoint is scheduled for October 29, 2026. Simply Wall St identifies that date for the company’s third-quarter results, making volume recovery and margin protection the key figures to watch.

Stock remains below its yearly high

Tsingtao Brewery was last at HKD 39.44 on October 6, 2026, with a 52-week range of HKD 38.86 to HKD 56.00. Its market capitalization stood at HKD 64.7 billion and session volume was 586,500 shares.