TSINGTAO BREW (00168) announced its 2025 performance results, achieving product sales volume of 7.648 million kiloliters, representing a 1.5% year-on-year increase. The company reported operating revenue of RMB 32.47 billion, up 1% compared to the previous year. Net profit attributable to shareholders reached RMB 4.59 billion, marking a 5.6% growth. Basic earnings per share stood at RMB 3.363, with a proposed cash dividend of RMB 2.35 per share (including tax). During the reporting period, the company continued to implement marketing integration, leveraging multi-channel and multi-format marketing resources. Through refined operations, it strengthened its position in traditional sales channels while accelerating the development of emerging channels such as online and instant retail. The company further deepened innovative models like "fresh direct delivery," achieving 13 consecutive years of sales growth in online channels. These efforts enabled traditional and emerging channels to work synergistically, empowering each other and precisely meeting diverse consumer demands.