About Tsingtao Brewery
Tsingtao Brewery Co., Ltd. (hereinafter referred to as “Tsingtao Brewery”) was founded in August 1903 in Qingdao as the Germania-Brauerei Tsingtao Co., Ltd. by German and British merchants. As one of the earliest breweries in China, Tsingtao Brewery was an official sponsor for the 2008 Beijing Olympics and the 2022 Beijing Winter Olympics, and is now among the world’s top 500 brands. Valued more than RMB 264.675 billion, the brand has been leading China’s beer industry for 21 consecutive years. The total brand value of Tsingtao Brewery with its subsidiary brands, including Laoshan Beer, Hans Beer, Tsingtao Brewery Museum, Tsingtao Prince and TSINGTAO 1903 Pubs, now exceeds RMB 426 billion.
On 15 July 1993, Tsingtao Brewery was listed on the Hong Kong Stock Exchange (Stock Code: 0168), becoming the first-ever Chinese mainland company listed overseas. A few weeks later, on 27 August, Tsingtao Brewery was listed on the Shanghai Stock Exchange (Stock Code: 600600) and became the first Chinese company to be listed in both Hong Kong and Shanghai.
By the end of 2023, Tsingtao Brewery had built more than 60 breweries in 20 provinces, municipalities and autonomous regions across China, leading the domestic beer industry in terms of both company scale and market share.
In 2023 Tsingtao Brewery achieved a new high in business income based on previous records. The company realised a total sales volume of 8.007 million kilolitres with an income of RMB 33.94 billion, up 5.5% year-on-year. A net profit attributable to shareholders of listed companies of RMB 4.27 billion was recorded with an increase of 15% year-on-year. Both the business income and the net profit of the company reached a new high.
Tsingtao Brewery is now the fifth largest beer producer in the world with products exporting to more than 120 countries.
While the 100th anniversary of the founding of the Communist Party of China was celebrated, the company’s Party committee was recognised as one of the national advanced primary-level Party organisations. Tsingtao Brewery was honored as the first “Lighthouse Factory” of Industrial Internet in the field of beer and beverage in the world. Relying on the only State Key Laboratory of Beer Bio-fermentation Engineering in the brewing industry, Tsingtao Brewery has won the Second Prize of the only three National Science and Technology Progress Awards in the beer industry, and almost all gold awards in beer quality contests in China since 1949, as well as many gold awards on the international stage.
The management model of "Charm-perceived Quality Based on Digital End-to-End Decoding" created by Tsingtao Brewery was nominated for the 4th China Quality Award and won the First Prize of the National Enterprise Management Modernization Innovation Achievement. In 2023, Tsingtao Brewery was included into the List of Pilot State-owned Enterprises of Digital Transformation, and ESG Vanguard 100 Index of Listed State-owned Enterprises of State-owned Assets Supervision and Administration Commission of the State Council. A total of 20 factories have been selected as National Green Factory by the Ministry of Industry and Information Technology, ranking first in the industry. Tsingtao Brewery has been further rated Inauguration Unit and Excellent Scenario of 2023 Intelligent Manufacturing Demonstration Factory of the Ministry of Industry and Information Technology, China Industrial Carbon Peaking Leader, selected into the Candidate List of Striving to be World-class Enterprises of the Shandong Provincial State-owned Assets Supervision and Administration Commission. Furthermore, the company has also been honoured one of China’s Most Admired Companies for the 17th time as well as one of China’s Most Respected Companies for the 20th time.
With the mission of “creating joy for life” and the century-old motto of “good people brew good beer”, Tsingtao Brewery is working to become a first-class company in the world with brands of global influence while staying true to traditional standards, promoting innovations and keeping promise for further achievements.