China's Tsingtao Brewery sinks to over 6 year low as H1 revenue dips

Tsingtao Brewery

27/08/2026 05:36

** Hong Kong shares of Tsingtao Brewery 0168.HK drop 6.8% to HK$39.96, their lowest level since April 2020
** Stock set for the biggest one-day pct fall since June 30, snapping two consecutive rising sessions
** Shanghai-listed shares 600600.SS slip 2.2% to 50.43 yuan, lowest level since April 2020
** Chinese brewer said its H1 revenue down 4.1% y/y to 19.65 billion yuan ($2.92 billion) while H1 net profit attributable up 0.4% y/y to 3.92 billion yuan  
** Jefferies maintains "Buy" rating but trims price target to HK$63 from HK$67 saying Tsingtao's 2Q26 net profit and sales was 2% and 6% lower than market estimates
** YTD, Hong Kong stock down 16.8%, Shanghai shares down 17.2%




($1 = 6.7209 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))