Tsingtao Brew (00168) saw its shares rise more than 3% following the release of its financial results. As of the time of writing, the stock was up 3.38%, trading at HK$52.05, with a turnover of HK$82.191 million.

On April 27, Tsingtao Brew released its first-quarter report for 2026. During the reporting period, the company, guided by a strategy of high-quality development, focused precisely on regional consumption characteristics and promoted coordinated growth across regional markets through differentiated strategies. It also actively worked on increasing revenue sources, reducing expenses, improving cost efficiency, and controlling costs, achieving enhanced operational quality and efficiency.

In the first quarter of 2026, the company’s total product sales volume reached 2.202 million kiloliters. It reported operating revenue of RMB 10.29 billion, a decrease of 1.54% year-on-year. Net profit attributable to shareholders of the listed company was RMB 1.8 billion, representing a year-on-year increase of 5.2%.

Throughout the reporting period, the company continued to advance brand optimization and product portfolio upgrades. Led by core products such as Tsingtao Brew Classic and White Beer, it intensified efforts to cultivate and promote its classic and above mid-to-high-end products. It also accelerated the development of new categories and segments, including all-malt, craft beers, as well as zero-sugar, low-calorie, and low/no-alcohol options, steadily improving both product structure and profitability.

During the quarter, the main Tsingtao Brew brand achieved a sales volume of 1.381 million kiloliters, up 0.4% year-on-year. Sales of mid-to-high-end and above products reached 1.042 million kiloliters, increasing 3.1% compared to the same period last year.