Tsingtao Brewery Co (HK:0168) has released an update.
Tsingtao Brewery Co. has announced its unaudited interim financial results for the first half of 2024, showing a significant increase in cash reserves and a solid equity position. The company reported a total asset growth to RMB 52.8 billion, up from RMB 49.3 billion at the end of 2023, and a rise in total equity to RMB 29.2 billion. This financial update indicates a strong balance sheet, which could be of interest to investors monitoring the company’s performance.
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