Tsingtao Brewery Reports Stable Financial Growth in 2024

The latest announcement is out from Tsingtao Brewery Co ( (HK:0168) ).

Tsingtao Brewery Company Limited has released its preliminary consolidated financial results for the year ending December 31, 2024. The company reported total assets of RMB 51.42 billion, an increase from the previous year, with notable growth in non-current assets. Total liabilities also rose slightly, while equity attributable to shareholders increased to RMB 29.06 billion. These results indicate a stable financial position, suggesting potential positive implications for stakeholders and reinforcing its competitive stance in the brewing industry.

More about Tsingtao Brewery Co

Tsingtao Brewery Company Limited is a Sino-foreign joint stock limited company based in the People’s Republic of China, primarily engaged in the brewing industry. The company is known for producing a variety of beer products and has a significant market presence both domestically and internationally.

YTD Price Performance: 2.11%

Average Trading Volume: 4,055

Technical Sentiment Signal: Sell

Current Market Cap: $11.94B

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