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Tsingtao Brewery
600600

Last Price

Financial Snapshot

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Market Data

Market Cap
HK$82.97B
EV
HK$60.13B
Shares Outstanding
1.36B
Beta
0.68
Industry
Beverages - Alcoholic

Wall Street View

Analyst Rating
OUTPERFORM
Analyst Target Price
Number of Analysts
16
P/E 2026E
17.89x
P/Revenue 2026E
2.23x

Historical 3Y Growth Rate

Revenue
EPS
Operating Cash Flow
Free Cash Flow

Forecasted 3Y Growth Rate

Revenue
EPS
Operating Cash Flow
Free Cash Flow

Margins & Returns

Gross Margin 2026E
41.49%
Net Profit Margin 2026E
14.33%
ROE 2026E
14.81%
ROCE 2025
15.37%

Dividends

DPS 2026E
CN¥2.52
Payout Ratio 2026E
70.39%
Div. Yield 2026E
4.47%
DPS Last 3Y CAGR

Price Dynamic

Price

%

1M

3M

6M

1Y

3Y

5Y

Peers

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About Tsingtao Brewery Company Limited

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600600 logo

Tsingtao Brewery Company Limited

600600

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally. It operates in seven segments: Shandong Region; South China...

Sector

Consumer Defensive

Industry

Beverages - Alcoholic

CEO

Jiang, Zong Xiang

Employees

29,870

IPO Date

1993-07-15

Headquarters

Tsingtao Beer Tower, No. 35 Donghai West Road, Qingdao, Shandong Province, 266071, China

📊 Stock Price & Performance

The last closing price of Tsingtao Brewery (600600) is HK$63.99, reflecting a +1.09% change from the prior session. Last updated: April 2, 2026 at 4:19 AM Eastern Time

Review of Recent 600600 Stock Performance trends:Past 1 Month: Tsingtao Brewery (600600) shares changed by -0.94%.Past 3 Months: The stock recorded a change of -1.05%.Past 6 Months: 600600 shares posted a change of -8.05%. Last updated: March 7, 2026 at 8:57 PM Eastern Time

Over the last year, Tsingtao Brewery (600600) has established a 52-week price range between a high of HK$81.88 and a low of HK$60.00. This metric is essential for assessing the stock's annual volatility. Last updated: March 7, 2026 at 8:57 PM Eastern Time

Tsingtao Brewery (600600) is considered a low volatility stock. It has a beta of 0.68, which means it typically moves 0.68 times as much as the broader market. Over the past 52 weeks, 600600 has traded within a HK$60.00 – HK$81.88 range. Last updated: March 7, 2026 at 8:57 PM Eastern Time

Based on current 600600 analyst forecasts, the consensus price target for Tsingtao Brewery (600600) is HK$87.59 for 2027. Relative to the current price of HK$63.99, this implies a positive upside of +40.24%. Price targets reflect forward-looking estimates based on information available at the time and are inherently subject to change as underlying assumptions, company fundamentals, or market conditions evolve. Last updated: April 2, 2026 at 4:19 AM Eastern Time

A HK$1,000 investment in Tsingtao Brewery 5 years ago, when the stock was trading around HK$77.99, would be worth approximately HK$820.48 today, based solely on share price performance (excluding dividends). This represents a total return of -17.95% over the period, equivalent to a compound annual growth rate (CAGR) of -3.88%. Past performance reflects historical price movements only and does not imply future results. Last updated: March 7, 2026 at 8:57 PM Eastern Time

💰 Financial Metrics & Reports

The current Tsingtao Brewery (600600) market capitalization is approximately HK$82.97B, based on its latest share price and shares outstanding. Market capitalization represents the total market value of a company's equity and is calculated by multiplying the current stock price by the number of shares outstanding. As a result, Tsingtao Brewery's market cap fluctuates with changes in its share price and share count. Last updated: March 7, 2026 at 8:57 PM Eastern Time

In the most recently reported quarter, Tsingtao Brewery (600600) generated CN¥3.11B in revenue, representing a -2.26% year over year change. For the next quarter, analyst consensus currently expects revenue of approximately CN¥10.26B, implying an expected -1.80% year over year change. Quarterly revenue results and expectations reflect underlying demand trends, pricing dynamics, product or service mix, seasonality, and broader macroeconomic conditions. Actual results may differ from consensus estimates as new information becomes available. Last updated: April 2, 2026 at 4:26 AM Eastern Time

In the most recently reported fiscal year, Tsingtao Brewery (600600) generated net income of CN¥4.59B, compared with CN¥4.34B in the prior fiscal year, representing a +5.60% year over year change. For the upcoming fiscal year, analyst consensus currently estimates net income of CN¥4.76B. Net income may be positive or negative and can fluctuate materially from year to year due to changes in operating performance, non-recurring or one-time items, accounting treatments, capital structure, and broader macroeconomic conditions. Last updated: April 2, 2026 at 4:26 AM Eastern Time

According to its latest quarterly filing, Tsingtao Brewery (600600) reported EBITDA of CN¥-1.15B, representing a +11.06% year over year change. EBITDA is a non-GAAP measure and does not account for depreciation, amortization, interest expense, taxes, or capital expenditures. As a result, it should be considered alongside other financial metrics when assessing operating performance. Actual results may differ from estimates as company-specific or macroeconomic conditions evolve. Last updated: April 2, 2026 at 4:26 AM Eastern Time

As of the most recent reporting period, the company's debt-to-equity ratio stands at 0.00x, calculated as total debt divided by total shareholders' equity. A lower debt-to-equity ratio generally indicates a more conservative capital structure with less reliance on external borrowing, while a higher ratio suggests greater financial leverage and potentially higher sensitivity to interest rates, refinancing conditions, and earnings volatility. The debt-to-equity ratio should be interpreted in the context of the company's industry, business model, cash flow stability, and balance sheet composition. Last updated: April 2, 2026 at 4:26 AM Eastern Time

Based on the latest available data, Tsingtao Brewery (600600) is currently trading at a last twelve months (LTM) P/E ratio of 19.03x. Looking forward, the stock trades at a next twelve months (NTM) P/E ratio of 17.68x, based on consensus earnings estimates. The P/E ratio reflects how much investors are willing to pay today for a dollar of earnings and can vary meaningfully over time due to changes in profitability, growth expectations, margin outlook, and earnings volatility. Last updated: April 2, 2026 at 4:26 AM Eastern Time

📅 Earnings & Dividends

Tsingtao Brewery (600600) is currently scheduled to report its next earnings results on March 26, 2026. Earnings dates are subject to change and may be updated by the company with limited notice. Investors typically monitor upcoming earnings releases closely, as they can result in increased volatility depending on reported results, forward guidance, and management commentary. Last updated: March 7, 2026 at 8:57 PM Eastern Time

In the most recently reported quarter, Tsingtao Brewery (600600) revenue was CN¥3.11B, compared with analyst consensus expectations of CN¥3.09B, representing a +0.65% revenue surprise versus expectations. Earnings per share (EPS) for the quarter were CN¥-0.51, compared with consensus estimates of CN¥-0.44, resulting in an -15.91% EPS surprise. Revenue and EPS surprises may be positive or negative and can influence near-term stock performance depending on expectations, forward guidance, and broader market and sector conditions. For a detailed history of analyst expectations versus reported results, view the full estimates vs. actuals track record here: 👉 Estimates vs. Actuals Last updated: April 2, 2026 at 4:26 AM Eastern Time

Tsingtao Brewery (600600) has paid dividends over the last twelve months (LTM), totaling CN¥2.35 per share. Based on current analyst expectations, dividends over the next twelve months (NTM) are estimated at CN¥2.48 per share , implying a forward dividend yield of +3.88% at the current share price. Dividend payments are subject to board approval and may change depending on profitability, cash flow, capital allocation priorities, and broader market conditions. Last updated: April 2, 2026 at 4:26 AM Eastern Time

📈 Analyst Information

Analyst assessments of whether Tsingtao Brewery (600600) consensus price target is overvalued or undervalued are generally expressed relative to consensus valuation frameworks and price targets, rather than as an absolute judgment.Current share price: HK$63.99Consensus price target: HK$87.59Implied return: +40.24% An implied return above current levels indicates that, on average, analysts view the stock as trading below their estimated fair value. Conversely, an implied return below current levels suggests the stock may be fully valued or priced above consensus expectations. This content is for informational purposes only and does not constitute investment advice. Last updated: April 2, 2026 at 4:26 AM Eastern Time

Based on the latest available analyst coverage, Tsingtao Brewery (600600) currently carries a Outperform consensus rating. Analysts' average 600600 price target is HK$87.59. Relative to the current share price of HK$63.99, this suggests a potential price change of approximately +40.24%. Analyst views are forward-looking estimates and should not be considered investment advice. Last updated: April 2, 2026 at 4:26 AM Eastern Time

Like other publicly traded stocks, Tsingtao Brewery (600600) shares are bought and sold on stock exchanges such as SHSE and other supported markets, depending on the listing. The most common way to buy shares is through an online brokerage account. To get started, you typically need to: Open an account with a licensed stock brokerComplete the broker's verification processFund your accountPlace a buy order for Tsingtao Brewery (600600) shares Trading involves risk, and investors should consider their financial objectives and risk tolerance before investing.

ℹ️ Company Information

At the top right of this page, you'll see a star icon labeled Add to watchlist. Click it to add 600600 to your watchlist.

Tsingtao Brewery trades under the ticker symbol 600600 on the SHSE stock exchange. The ticker 600600 is used to identify the company's common stock across trading platforms, market data providers, and regulatory filings.

As of the most recently reported period, Tsingtao Brewery (600600) employs approximately 29,870 people worldwide. Reported employee figures may fluctuate over time due to hiring activity, restructuring, automation initiatives, or changes in business strategy. Headcount data is typically disclosed in company filings and reflects full-time employees unless otherwise stated. Last updated: March 7, 2026 at 8:57 PM Eastern Time

Tsingtao Brewery (600600) operates in a highly competitive market with companies that often have different business models, geographic exposure, and end markets. While no two companies are identical, the following firms are generally considered the closest Tsingtao Brewery (600600) stock peers based on overlapping products, services, and competitive dynamics:China Resources Beer (Holdings) (291)Budweiser Brewing Company APAC (1876)Chongqing Brewery (600132)Beijing Yanjing Brewery (000729)Sapporo Holdings (2501)Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi (AEFES)Kirin Holdings (2503)Guangzhou Zhujiang Brewery (002461)Asahi Group Holdings (2502)Compañía Cervecerías Unidas (CCU) These peers may differ in size, business mix, financial profile, and strategic focus, but they are commonly referenced due to overlapping markets, customer segments, or competitive positioning relative to Tsingtao Brewery.

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