Tsingtao Brewery boosts investments, repurchases shares amid revenue growth

Tsingtao Brewery's board of directors approved the repurchase and cancellation of 1,667 restricted A-shares from an employee incentive plan due to an employee's resignation. The repurchase price was adjusted to CNY 13.33 per share, taking into account dividend distributions from 2021 to 2025. This action will reduce the company's total share capital.

Concurrently, the board approved using up to CNY 60 bn of idle funds for structured deposit products over the next 12 months, excluding financial company and wealth management investments. This strategy aims to optimize capital utilization and maintain asset value. The company’s first half of 2025 financial report also revealed a 2.11% increase in operating revenue to CNY 20,491,167,745 and a 7.21% increase in net profit attributable to shareholders, reaching CNY 3,904,325,353. The company also disclosed that it will complete the acquisition of 100% equity in Shandong Jimo Huangjiu Factory Co., Ltd. for CNY 665 m and invest CNY 1 bn in its financial company.