Tsingtao Brewery Company Limited (SHA:600600)
China · Delayed Price · Currency is CNY 50.72
-0.10 (-0.20%)
Aug 24, 2026, 3:00 PM CST
Tsingtao Brewery Company Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 4,678 | 4,588 | 4,345 | 4,268 | 3,711 | 3,155 |
Depreciation & Amortization | 1,154 | 1,154 | 1,103 | 1,072 | 1,028 | 1,069 |
Other Amortization | 148.16 | 148.16 | 137.34 | 109.76 | 97.05 | 75.15 |
Loss (Gain) From Sale of Assets | -110.63 | -110.63 | -4.27 | -178.58 | 9.52 | -481.51 |
Asset Writedown & Restructuring Costs | 17.82 | 17.82 | 35.75 | 79.53 | 26.12 | 189.06 |
Loss (Gain) From Sale of Investments | -179.42 | -179.42 | -317.32 | -402.3 | -334.26 | -439.5 |
Stock-Based Compensation | 0.2 | 0.2 | 24.34 | 84.71 | 177.13 | 245.43 |
Provision & Write-off of Bad Debts | 0.47 | 0.47 | 0.24 | -0.68 | -0.25 | 2.09 |
Other Operating Activities | 473.81 | -644.1 | -753.41 | -679.24 | -714.27 | -576.8 |
Change in Accounts Receivable | -175.75 | -175.75 | -154.66 | -204.83 | -106.27 | 25.27 |
Change in Inventory | 340.42 | 340.42 | -39.57 | 607.29 | -662.01 | -219.59 |
Change in Accounts Payable | -514.13 | -514.13 | 669.4 | -2,210 | 1,691 | 3,376 |
Operating Cash Flow | 5,800 | 4,593 | 5,155 | 2,778 | 4,879 | 6,043 |
Operating Cash Flow Growth | 41.77% | -10.91% | 85.58% | -43.07% | -19.27% | 22.00% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2,372 | -2,253 | -2,141 | -1,618 | -1,780 | -1,635 |
Sale of Property, Plant & Equipment | 156.75 | 147.73 | 199.75 | 722.37 | 42.14 | 33.03 |
Investment in Securities | -347.59 | -1,967 | -6,624 | -3,295 | -1,112 | -9,185 |
Other Investing Activities | 850.48 | 825.69 | 1,143 | 727.5 | 651.16 | 536.9 |
Investing Cash Flow | -1,712 | -3,247 | -7,422 | -3,463 | -2,199 | -10,250 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | 228.83 | 251.37 |
Total Debt Issued | - | - | - | - | 228.83 | 251.37 |
Short-Term Debt Repaid | - | - | - | - | -270.96 | -701.57 |
Long-Term Debt Repaid | - | -50.58 | -59.53 | -276.13 | -55.26 | -56.29 |
Total Debt Repaid | -50.58 | -50.58 | -59.53 | -276.13 | -326.22 | -757.86 |
Net Debt Issued (Repaid) | -50.58 | -50.58 | -59.53 | -276.13 | -97.39 | -506.49 |
Issuance of Common Stock | - | - | - | - | - | 6.23 |
Repurchase of Common Stock | -0 | -0 | - | -0.51 | -2.43 | - |
Common Dividends Paid | -2,989 | -2,989 | -2,743 | -2,478 | -1,511 | -1,043 |
Other Financing Activities | -64.78 | -64.87 | -181.09 | -113.45 | -64.69 | -69.98 |
Financing Cash Flow | -3,104 | -3,104 | -2,983 | -2,868 | -1,676 | -1,614 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -8.96 | -0.38 | 4.19 | 5.68 | 22.17 | -9.09 |
Net Cash Flow | 974.41 | -1,759 | -5,246 | -3,548 | 1,026 | -5,829 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 3,428 | 2,339 | 3,014 | 1,160 | 3,099 | 4,408 |
Free Cash Flow Growth | 70.01% | -22.38% | 159.83% | -62.57% | -29.71% | 20.50% |
Free Cash Flow Margin | 10.61% | 7.20% | 9.38% | 3.42% | 9.63% | 14.61% |
Free Cash Flow Per Share | 2.51 | 1.72 | 2.21 | 0.85 | 2.28 | 3.25 |
Levered Free Cash Flow | 1,684 | 1,415 | 2,326 | 1,373 | 2,182 | 3,753 |
Unlevered Free Cash Flow | 1,692 | 1,423 | 2,340 | 1,383 | 2,188 | 3,772 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 6,001 | 6,160 | 5,638 | 6,222 | 5,630 | 5,334 |
Change in Working Capital | -381.93 | -381.93 | 583.53 | -1,576 | 878.67 | 2,805 |