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Tsingtao Brewery Co (0168) AI Stock Analysis
Tsingtao Brewery Co
(HKEX:0168)
The score is driven primarily by strong financial quality—high profitability and an exceptionally low-leverage balance sheet—tempered by softening revenue trends and only moderate cash conversion. Technical indicators are currently bearish (below major moving averages with negative MACD), while valuation is reasonably attractive with a moderate P/E and a high dividend yield.
Tsingtao Brewery Co (0168) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 8.26B
- Dividend Yield
- 6.77%
- Average Volume (3M)
- 3.18M
- Price to Earnings (P/E)
- 15.8
- Beta (1Y)
- 0.30
- Revenue Growth
- 1.15%
- EPS Growth
- 0.86%
- Country
- Hong Kong
- Employees
- 29,257
- Sector
- Consumer Defensive
- Sector Strength
- 62
- Industry
- Beverages - Alcoholic
Tsingtao Brewery Co Business Overview & Revenue Model
Company Description
Tsingtao Brewery Company Limited, along with its affiliated enterprises, focuses on the worldwide manufacturing, distribution, and sale of beer products. Its operations are structured across seven distinct divisions: Shandong, South China, North Chin...
Tsingtao Brewery Co Financial Statement Overview
Summary
Strong financial base: solid profitability (TTM gross margin ~41.9%, EBIT margin ~19.2%, net margin ~14.6%) and an exceptionally conservative balance sheet (debt-to-equity ~1.1%, ROE ~14–16%). The main offset is weakening revenue momentum in 2024–2025 and further decline in TTM, plus only moderate cash conversion (FCF ~58% of net income) despite positive operating and free cash flow.
Income Statement
72PositiveBalance Sheet
90Very PositiveCash Flow
60Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.96B | 29.52B | 32.14B | 33.94B | 32.17B | 30.17B |
| Gross Profit | 12.87B | 10.77B | 12.93B | 13.12B | 11.85B | 11.08B |
| EBITDA | 5.81B | 6.29B | 7.09B | 6.90B | 6.10B | 5.61B |
| Net Income | 4.35B | 4.47B | 4.34B | 4.27B | 3.71B | 3.16B |
Balance Sheet | ||||||
| Total Assets | 52.93B | 52.68B | 51.42B | 49.26B | 50.31B | 46.56B |
| Cash, Cash Equivalents and Short-Term Investments | 20.46B | 19.24B | 20.00B | 24.79B | 20.54B | 17.38B |
| Total Debt | 80.13M | 240.16M | 68.24M | 63.39M | 373.08M | 406.99M |
| Total Liabilities | 19.54B | 18.18B | 21.56B | 21.00B | 24.04B | 22.77B |
| Stockholders Equity | 32.48B | 30.66B | 29.06B | 27.45B | 25.49B | 23.00B |
Cash Flow | ||||||
| Free Cash Flow | 3.46B | 2.82B | 3.01B | 1.16B | 3.10B | 4.41B |
| Operating Cash Flow | 5.77B | 5.02B | 5.15B | 2.78B | 4.88B | 6.04B |
| Investing Cash Flow | -2.87B | -3.71B | -7.42B | -3.46B | -2.20B | -10.25B |
| Financing Cash Flow | -3.32B | -3.02B | -2.98B | -2.87B | -1.68B | -1.61B |
Tsingtao Brewery Co Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0168, the sentiment is Neutral. The current price of 39.88 is above the 20-day moving average (MA) of 39.86, below the 50-day MA of 40.27, and below the 200-day MA of 45.17, indicating a neutral trend. The MACD of -0.37 indicates Positive momentum. The RSI at 49.88 is Neutral, neither overbought nor oversold. The STOCH value of 34.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0168.
Tsingtao Brewery Co Peers Comparison
Overall Rating
- HK:016869Neutral
HK:023669Neutral
HK:187664Neutral
HK:029151Neutral
HK:082846Neutral
HK:814639Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0168 | 69Neutral | HKD 67.62B | 15.81 | 13.77% | 6.77% | 1.15% | 0.86% |
| HK:0236 | 69Neutral | HKD 388.51M | 10.55 | 5.16% | 5.77% | -8.21% | ― |
| HK:1876 | 64Neutral | HKD 77.65B | 18.01 | 5.51% | 7.51% | -2.79% | -6.76% |
| Sector * | 62Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
| HK:0291 | 51Neutral | HKD 64.14B | 19.28 | 9.57% | 5.84% | 2.71% | -48.12% |
| HK:0828 | 46Neutral | HKD 163.38M | 26.98 | 1.80% | 3.02% | -49.66% | -73.78% |
| HK:8146 | 39Underperform | HKD 272.36M | -67.30 | -3.96% | ― | -9.97% | 94.50% |
* Consumer Defensive Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0168 | Tsingtao Brewery Co Class H | 39.88 | -9.38 | -19.05% | |
| HK:0291 | China Resources Beer (Holdings) Co | 19.77 | -5.26 | -21.00% | |
| HK:1876 | Budweiser Brewing Co. APAC Ltd. | 5.89 | -1.50 | -20.28% | |
| HK:0236 | San Miguel Brewery HK Ltd. | 1.04 | -0.13 | -11.19% | |
| HK:8146 | Grace Wine Holdings Limited | 0.34 | 0.23 | 222.12% | |
| HK:0828 | Dynasty Fine Wines Group Limited | 0.12 | -0.17 | -60.00% |
Tsingtao Brewery Co Corporate Events
Tsingtao Brewery’s Third-Quarter Profit Falls as Revenue Slips but Cash Flow Strengthens
Tsingtao Brewery reported unaudited results for its 2026 third quarter prepared under Chinese accounting standards, showing declines in revenue and profit despite a solid asset base. The board unanimously approved the quarterly figures, and managemen...
Tsingtao Brewery Sets Board Meeting to Approve Q3 2026 Results
Tsingtao Brewery Company Limited has scheduled a board meeting for 28 October 2026 to review and approve its unaudited third quarterly results for the nine months ended 30 September 2026. The results, prepared under China Accounting Standards for Bus...
Tsingtao Brewery Restructures Senior Roles as Executive Director and CFO Retires
Tsingtao Brewery announced that executive director and chief financial officer Hou Qiu Yan will resign from all positions, including secretary to the board, joint company secretary, Strategy & Investment Committee member and authorised representa...
Tsingtao Brewery Clarifies Board Line-Up and Governance Committees
Tsingtao Brewery has announced the composition of its board of directors, naming Jiang Zong Xiang as chairman and executive director alongside fellow executive Liu Fu Hua, employee director Sun Jing, and five independent non-executive directors. The...
Tsingtao Brewery Posts Higher Assets and Equity in 2026 Interim Results
Tsingtao Brewery reported unaudited interim results for the six months ended 30 June 2026, showing total assets rising to RMB 55.49 billion from RMB 52.13 billion at year-end 2025. The growth was driven by higher financial assets held for trading and...
Tsingtao Brewery to Cut H-Share Board Lot Size to Boost Liquidity
Tsingtao Brewery Company Limited will reduce the board lot size of its H shares traded on the Hong Kong Stock Exchange from 2,000 shares to 500 shares, effective 16 September 2026 at 9:00 a.m. The move is intended to lower the investment threshold, f...
Tsingtao Brewery Sets August Board Meeting to Approve 2026 Interim Results
Tsingtao Brewery Company Limited has scheduled a board meeting for 26 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, prepared under China Accounting Standards for Business Enterprises. The appro...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 29, 2026