Summary by Moomoo AI
Tsingtao Brew released the third-quarter report for 2024 on October 29, 2024. The report shows that despite the challenges of weak consumer demand in the domestic beer market, the company has successfully expanded its market by promoting product innovation, optimizing the product structure, increasing market sales, and enhancing promotion efforts. In the first three quarters of 2024, the company's product sales volume reached 6.785 million kiloliters, with the main brand Tsingtao Beer selling 3.835 million kiloliters and the sales volume of mid-to-high-end products reaching 2.779 million kiloliters. During the reporting period, the company achieved revenue of approximately 28.96 billion RMB, a decrease of 6.52% compared to the same period last year; the net profit attributable to the shareholders of the listed company was approximately...Show More