Asia
Tsingtao Brewery's Q1 Profit Rises 5% Despite Revenue Drop; Hong Kong Shares Up 3%
Tsingtao Brewery (HKG:0168, SHA:600600) posted a 5.2% year-over-year increase in attributable net profit in the first quarter to 1.8 billion yuan from 1.71 billion yuan.Earnings per share rose to 1.319 yuan from 1.253 yuan, according to filings with the Hong Kong and Shenzhen bourses late Monday.Revenue, however, dropped 1.5% to 10.3 billion yuan from 10.4 billion yuan in Q1 2025.Shares of the brewing company rose more than 3% in Hong Kong, and were up nearly 2% in Shanghai recently.
HKG:0168SHA:600600
