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Tsingtao Brewery Company Limited (600600.SS)
CNY54.94
+1.11 (+2.06%)
CN SHH Consumer Defensive Beverages - Alcoholic
Address
Tsingtao Beer Tower 266071
Qingdao, CN
Qingdao, CN
CEO
Zong Xiang Jiang
Website
tsingtao.com.cn
IPO
1993-08-27
ISIN CNE0000009Y3
Also trades on
Hong Kong Stock Exchange · 0168.HK (HKD)
Other OTC · TSGTF (USD)
Other OTC · TSGTY (USD)
Shanghai Stock Exchange · 600600.SS (CNY)
Description
Tsingtao Brewery Company Limited, a prominent beverage firm, operates worldwide through its subsidiaries, focusing on the production, distribution, wholesale, and retail of beer products. Its extensive beer operations are structured across seven distinct segments: the Shandong, South China, North China, East China, and Southeast China regions, as well as an international division encompassing Hong Kong, Macau, and other overseas markets, plus a dedicated Finance Company. The company's best-known beer labels are Tsingtao and Laoshan. Beyond its core brewing business, Tsingtao diversifies its offerings to include wealth management, agency collection and payment solutions, financing, construction, logistics, and technology promotion and application services. Established in 1903, the enterprise maintains its corporate headquarters in Qingdao, People's Republic of China.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CNY54.94
+1.11 (+2.06%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.49
Float Shares
543.05M
Free Float %
39.8%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.07% | +0.49% | -3.58% | -2.13% | -3.79% | -0.10% | -17.57% | -36.94% | -41.74% | +115.51% | +414.65% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
54.94
DCF (Unlevered)
92.72
+68.8%
DCF (Levered)
54.31
-1.1%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2025-01 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
4.35
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Beverages - Alcoholic: +1.2%-5.7% Q1'26: -1.5% (vs Q1'25)
-
EPS growth Beverages - Alcoholic: +10.7%+5.3% Q1'26: +5.6% (vs Q1'25)
-
FCF margin FCF growth · Beverages - Alcoholic: -4.0%+10.6% ★ Q1'26: +24.5% (vs Q1'25)
-
EBIT margin Beverages - Alcoholic: +13.7%+17.0% ★ Q1'26: +21.3% (vs Q1'25)
-
ROIC Beverages - Alcoholic: +6.8%+30.9% ★ Q1'26: +61.9% (vs Q1'25)
-
Share dilution Beverages - Alcoholic: +0.0%-42.5% ★ Q1'26: -42.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Beverages - Alcoholic: -0.12×0.04× ★ Q1'26: 0.04× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 25 Rev. Ana. 18 EPS Ana. |
Dec 2027 25 Rev. Ana. 20 EPS Ana. |
Dec 2028 21 Rev. Ana. 15 EPS Ana. |
Dec 2029 10 Rev. Ana. 10 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
27.63B
est: 27.29B (+1.2%)
|
26.11B
est: 26.11B (0.0%)
|
26.28B
est: 26.17B (+0.4%)
|
26.58B
est: 26.16B (+1.6%)
|
27.98B
est: 27.64B (+1.2%)
|
27.76B
est: 27.67B (+0.3%)
|
30.17B
est: 30.13B (+0.1%)
|
32.17B
est: 32.46B (-0.9%)
|
33.94B
est: 37.58B (-9.7%)
|
32.14B
est: 32.11B (+0.1%)
|
30.30B
est: 32.56B (-6.9%)
|
33.09B
32.60B – 33.74B
+1.6% YoY
|
33.93B
32.90B – 34.87B
+2.5% YoY
|
34.90B
34.85B – 34.95B
+2.9% YoY
|
36.26B
35.44B – 37.12B
+3.9% YoY
|
| EBITDA |
2.02B
est: 3.97B (-49.1%)
|
2.35B
est: 3.80B (-38.1%)
|
2.45B
est: 3.81B (-35.6%)
|
2.50B
est: 3.81B (-34.4%)
|
2.63B
est: 4.02B (-34.6%)
|
3.36B
est: 4.03B (-16.5%)
|
3.92B
est: 4.39B (-10.6%)
|
4.68B
est: 4.73B (-1.0%)
|
5.39B
est: 5.47B (-1.4%)
|
5.54B
est: 9.63B (-42.4%)
|
6.46B
est: 9.76B (-33.8%)
|
9.92B
9.77B – 10.12B
+1.6% YoY
|
10.17B
9.87B – 10.45B
+2.5% YoY
|
10.46B
10.45B – 10.48B
+2.9% YoY
|
10.87B
10.63B – 11.13B
+3.9% YoY
|
| EBIT |
1.07B
est: 3.07B (-65.0%)
|
1.22B
est: 2.94B (-58.5%)
|
1.29B
est: 2.95B (-56.1%)
|
1.40B
est: 2.95B (-52.6%)
|
1.57B
est: 3.11B (-49.5%)
|
2.30B
est: 3.12B (-26.2%)
|
2.91B
est: 3.39B (-14.3%)
|
3.70B
est: 3.66B (+1.2%)
|
4.38B
est: 4.23B (+3.4%)
|
4.50B
est: 8.00B (-43.8%)
|
5.16B
est: 8.11B (-36.4%)
|
8.24B
8.12B – 8.41B
+1.6% YoY
|
8.45B
8.20B – 8.69B
+2.5% YoY
|
8.69B
8.68B – 8.71B
+2.9% YoY
|
9.03B
8.83B – 9.25B
+3.9% YoY
|
| Net Income |
1.71B
est: 2.88B (-40.6%)
|
1.04B
est: 2.76B (-62.2%)
|
1.26B
est: 2.55B (-50.4%)
|
1.42B
est: 2.56B (-44.5%)
|
1.85B
est: 3.19B (-42.0%)
|
2.20B
est: 3.92B (-43.9%)
|
3.16B
est: 5.18B (-39.0%)
|
3.71B
est: 6.01B (-38.3%)
|
4.27B
est: 7.61B (-43.9%)
|
4.34B
est: 4.44B (-2.1%)
|
4.59B
est: 4.68B (-1.9%)
|
4.80B
4.42B – 4.97B
+2.6% YoY
|
5.07B
4.30B – 5.90B
+5.6% YoY
|
5.31B
4.60B – 6.12B
+4.8% YoY
|
5.17B
5.02B – 5.33B
-2.5% YoY
|
| SGA |
7.32B
est: 2.66B (+174.6%)
|
4.36B
est: 2.55B (+71.0%)
|
4.01B
est: 2.55B (+57.1%)
|
2.92B
est: 2.55B (+14.3%)
|
4.32B
est: 2.70B (+60.2%)
|
4.02B
est: 2.70B (+48.7%)
|
2.88B
est: 2.94B (-2.0%)
|
1.99B
est: 3.17B (-37.1%)
|
3.16B
est: 3.67B (-14.0%)
|
2.98B
est: 2.65B (+12.6%)
|
2.10B
est: 2.69B (-21.8%)
|
2.73B
2.69B – 2.79B
+1.6% YoY
|
2.80B
2.72B – 2.88B
+2.5% YoY
|
2.88B
2.88B – 2.88B
+2.9% YoY
|
2.99B
2.93B – 3.06B
+3.9% YoY
|
| EPS |
1.27
est: 1.22 (+4.5%)
|
0.77
est: 1.16 (-33.8%)
|
0.94
est: 1.07 (-12.4%)
|
1.05
est: 1.08 (-2.8%)
|
1.37
est: 1.35 (+1.8%)
|
1.63
est: 1.65 (-1.5%)
|
2.33
est: 2.18 (+6.8%)
|
1.56
est: 2.54 (-38.5%)
|
1.80
est: 3.21 (-43.9%)
|
3.19
est: 3.25 (-1.9%)
|
3.36
est: 3.42 (-1.9%)
|
3.54
3.24 – 3.64
+3.4% YoY
|
3.74
3.15 – 4.33
+5.5% YoY
|
3.91
3.37 – 4.49
+4.7% YoY
|
3.79
3.68 – 3.91
-3.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 2/5 | 2/5 |
| 2026-05-28 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 2/5 | 2/5 |
| 2026-05-27 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 2/5 | 2/5 |
| 2026-05-26 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 2/5 | 2/5 |
| 2026-05-25 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 2/5 | 2/5 |
| 2026-05-22 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-21 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-20 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-19 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-18 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-15 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-14 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-13 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-12 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-11 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-08 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-07 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-06 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-30 | B+ | 3/5 | 2/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-29 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-28 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-27 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-24 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-23 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-22 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-21 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-20 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-17 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-16 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
3.77B
OE per share TTM
2.76
Owner's Yield
4.52%
Maintenance CapEx ratio
37.74%
Maint CapEx / Avg PPE
38.3%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 118 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | VanEck - China New Economy ETF CNEW.AX | 0.75% | 527.5K | 0.95% |
| 2 | HSBC MSCI China A UCITS ETF HMCT.L | 0.14% | 186.0K | 0.30% |
| 3 | Fidelity Emerging Markets Equity Research Enhanced UCITS ETF ACC-USD FEMR.L | 0.11% | 4.75M | 0.30% |
| 4 | iShares MSCI China A ETF CNYA | 0.09% | 199.7K | 0.60% |
| 5 | Xtrackers Harvest CSI300 UCITS ETF 1D ASHR.L | 0.08% | 252.8K | 0.65% |
| 6 | Amundi MSCI China A UCITS ETF Acc CNAA.L | 0.08% | 110.8K | 0.35% |
| 7 | iShares MSCI China A UCITS ETF CNYA.L | 0.07% | 2.23M | 0.40% |
| 8 | iShares MSCI China A UCITS ETF CNYE.MI | 0.07% | 73.4K | 0.45% |
| 9 | Xtrackers MSCI China A UCITS ETF 1C XX2D.L | 0.07% | 96.7K | 0.35% |
| 10 | Xtrackers Harvest CSI 300 China A-Shares ETF ASHR | 0.07% | 941.4K | 0.65% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
172.8K
Shares Outstanding
1.36B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Zong Xiang Jiang | President & Chairman of the Board | 1M | male |
| Qiuyan Hou | Financial Director, Executive Director & Joint Company Secretary | 915.7K | male |
| Chao Shan Xue | Asst. to President of Mfg Center & Factory Mngr | 549.7K | male |
| Lihong Sun | Head of Law Affairs Department | 442.2K | female |
| Rui Xiang Zhang | Head of Equity Management Department | — | male |
| Shuiyuan Yuan | Vice President & Supply Chain President | — | male |
| Tai On Lo | Joint Company Secretary | — | male |
| Zhi Wei Cai | President of Marketing Center | — | male |
| Hui Li | Vice President | — | male |
| Fu Hua Liu | Executive Director | — | male |
| Nan Xu | Vice President, President of Manufacturing & Chief Brewer | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 600600.SS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
