TSINGTAO BREW (00168) reported a net profit attributable to shareholders of RMB5.05 billion for the first three quarters, down 4.16% year on year.

TSINGTAO BREW (00168) announced that in the first three quarters of 2026, the company achieved operating revenue of RMB28.04 billion, down 4.53% year on year; and net profit attributable to shareholders of the listed company of RMB5.05 billion, down 4.16% year on year. Basic earnings per share were RMB3.705. During the reporting period, sales volume in the domestic beer market continued to come under pressure. In the face of a complex and ever-changing market environment, the company anchored itself to the main line of high-quality development, focused on "new products, new channels, new consumer groups, new scenarios, and new demand" to optimize resource allocation, continued to innovate operating models, and strengthened the momentum of endogenous growth. By advancing refined market operations and scenario-based marketing, the company strengthened sell-through at retail terminals, consolidated advantageous markets, and cultivated the growth potential of emerging markets. During the reporting period, the company's online business, instant retail formats, and modern retail channel sales all hit record highs, and its leading position in the instant retail industry continued to be consolidated. During the reporting period, the company deepened the "Tsingtao Brewery + Laoshan Beer" brand strategy, continued to advance product innovation and structural optimization and upgrading, improved its differentiated product matrix, and cultivated structural incremental growth. In the first three quarters, the company achieved cumulative product sales volume of 6.465 million kiloliters, with the Tsingtao Brewery main brand achieving sales volume of 3.95 million kiloliters, of which sales volume of mid- to high-end and above products reached 2.994 million kiloliters, up 2% year on year; white beer products continued to maintain double-digit growth, light draft products performed outstandingly in the market and rapidly grew into a benchmark category in the "zero-sugar, low-calorie" health track; and sales volume of fresh products achieved sustained growth.