Tsingtao Brewery Company Limited (SHA:600600)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Hong Kong SAR, Macau SAR and Other Overseas Region	840.93M	752.36M	988.10M	1.18B	826.32M
Hong Kong SAR, Macau SAR and Other Overseas Region Growth	11.77%	-23.86%	-16.50%	43.21%	-5.78%
Unallocated	123.35M	182.69M	42.46M	39.68M	35.03M
Unallocated Growth	-32.48%	330.23%	7.02%	13.27%	1337.31%
North China	8.09B	7.94B	8.10B	7.97B	7.36B
North China Growth	1.88%	-2.01%	1.61%	8.27%	12.60%
East China	2.69B	2.60B	2.85B	2.85B	2.85B
East China Growth	3.56%	-8.63%	-0.27%	0.20%	0.33%
South-East China Region	678.21M	681.77M	899.27M	924.40M	901.91M
South-East China Region Growth	-0.52%	-24.19%	-2.72%	2.49%	9.32%
South China	3.54B	3.50B	3.71B	3.49B	3.46B
South China Growth	1.14%	-5.52%	6.15%	0.94%	4.09%
Finance Company	31.23M	6.50M	12.66M	29.13M	29.66M
Finance Company Growth	380.54%	-48.67%	-56.53%	-1.78%	-10.34%
Shandong Region	23.81B	23.59B	24.39B	22.73B	20.85B
Shandong Region Growth	0.92%	-3.26%	7.28%	9.03%	9.35%
Elimination	-7.33B	-7.12B	-7.05B	-7.06B	-6.15B
Total	32.47B	32.14B	33.94B	32.17B	30.17B
Total Growth	1.04%	-5.30%	5.49%	6.65%	8.67%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Mainland China	31.85B	31.57B	33.05B	31.28B	29.31B
Mainland China Growth	0.90%	-4.48%	5.64%	6.75%	8.55%
Hong Kong and Macau, SAR	178.46M	185.55M	199.12M	179.83M	191.20M
Hong Kong and Macau, SAR Growth	-3.82%	-6.81%	10.72%	-5.94%	-0.76%
Other Overseas Countries and Regions	446.95M	387.08M	690.69M	708.22M	670.08M
Other Overseas Countries and Regions Growth	15.47%	-43.96%	-2.48%	5.69%	17.53%
Total	32.47B	32.14B	33.94B	32.17B	30.17B
Total Growth	1.04%	-5.30%	5.49%	6.65%	8.67%

Source: S&P Global Market Intelligence.