减持主体于 2023 年 8 月 18 日向本公司发送《关于减持青岛啤酒股票进展告 知函》，截至本公告披露日，减持主体尚未减持。本次减持计划时间过半，本次 减持计划尚未实施完毕。 证券代码：600600 证券简称：青岛啤酒 公告编号：2023-027 青岛啤酒股份有限公司董事、高级管理人员 集中竞价减持股份时间过半暨进展公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 董事、高级管理人员持股的基本情况 截至本公告日，青岛啤酒股份有限公司（以下简称"本公司"或"公司"） 本次计划减持的董事、高级管理人员王瑞永先生、侯秋燕先生、蔡志伟先生、徐 楠女士、张瑞祥先生（以下简称"减持主体"）合计持有公司股份 477,500 股， 约占本公司已发行股份总数（即 1,364,232,790 股，下同）的 0.0350%。减持主 体持股的基本情况详见"一、集中竞价减持主体减持前基本情况"。 集中竞价减持计划的进展情况 公司于 2023 年 4 月 25 日披露了《青岛啤酒股份有限公司董事、高级管理人 员集中竞价减 ...

Financial Performance - In Q1 2023, the company achieved operating revenue of RMB 10.71 billion, representing a year-on-year increase of 16.27%[4] - The net profit attributable to shareholders was RMB 1.45 billion, up 28.86% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached RMB 1.35 billion, reflecting a growth of 32.07% year-on-year[4] - The net cash flow from operating activities was RMB 1.81 billion, an increase of 94.29% year-on-year[4] - Total operating revenue for Q1 2023 reached ¥10,706,181,672, an increase of 16.3% compared to ¥9,208,137,288 in Q1 2022[18] - Net profit for Q1 2023 was ¥1,473,322,258, representing a growth of 28.0% from ¥1,152,465,765 in Q1 2022[19] - Earnings per share for Q1 2023 were ¥1.071, up from ¥0.834 in Q1 2022, reflecting a 28.5% increase[20] - The company reported a profit before tax of ¥1,963,744,840 for Q1 2023, compared to ¥1,521,143,687 in Q1 2022, reflecting a growth of 29.1%[19] Sales and Volume - The total product sales volume for Q1 2023 was 2.363 million kiloliters, a year-on-year increase of 11.02%[5] - The sales volume of the main brand, Tsingtao Beer, was 1.401 million kiloliters, growing by 7.45% year-on-year[5] - The sales volume of mid-to-high-end products reached 984,000 kiloliters, marking an increase of 11.55% year-on-year[5] Assets and Liabilities - The total assets at the end of the reporting period were RMB 50.14 billion, a slight decrease of 0.35% from the previous year-end[5] - As of March 31, 2023, the total assets of Qingdao Beer Co., Ltd. amounted to CNY 50,136,236,052, a slight decrease from CNY 50,311,699,796 at the end of 2022[14] - The company's current assets totaled CNY 31,866,026,602, compared to CNY 32,002,483,239 in the previous year, indicating a decrease of approximately 0.43%[15] - The total liabilities of the company were not explicitly detailed, but short-term borrowings were CNY 221,057,001, slightly down from CNY 225,411,423[15] - Total liabilities decreased to ¥22,366,560,637 in Q1 2023 from ¥24,039,387,261 in Q1 2022, a reduction of 6.9%[17] - The company's total equity increased to ¥27,769,675,415 in Q1 2023, compared to ¥26,272,312,535 in Q1 2022, marking a growth of 5.7%[17] Cash Flow - The company reported a significant increase in trading financial assets, rising from CNY 2,683,817,846 to CNY 7,244,076,067, an increase of approximately 169.99%[14] - In Q1 2023, the company reported cash inflows from operating activities totaling CNY 9,325,415,046, an increase of 13.2% compared to CNY 8,239,447,145 in Q1 2022[21] - The net cash flow from operating activities for Q1 2023 was CNY 1,813,957,743, significantly up from CNY 933,619,727 in Q1 2022, representing a growth of 94.5%[22] - Cash outflows for operating activities amounted to CNY 7,511,457,303 in Q1 2023, compared to CNY 7,305,827,418 in Q1 2022, reflecting a slight increase of 2.8%[22] - The company experienced a net cash outflow from investing activities of CNY 4,190,214,856 in Q1 2023, worsening from a net outflow of CNY 3,160,394,368 in Q1 2022[22] - Total cash inflows from investing activities were CNY 2,455,993,633 in Q1 2023, down from CNY 3,518,085,238 in Q1 2022, indicating a decline of 30.2%[22] - The company reported a net cash outflow from financing activities of CNY 16,424,616 in Q1 2023, contrasting with a net inflow of CNY 486,024,359 in Q1 2022[22] - The ending balance of cash and cash equivalents as of the end of Q1 2023 was CNY 10,444,423,063, compared to CNY 10,071,667,247 at the end of Q1 2022, showing an increase of 3.7%[23] Strategic Focus - The company's strategy focuses on high-quality development, market expansion, and digital transformation to leverage brand and quality advantages[5] - Research and development expenses rose to ¥10,698,515 in Q1 2023, up from ¥5,802,826 in Q1 2022, indicating an increase of 84.5%[18] Shareholder Information - The top shareholder, Qingdao Beer Group, holds a total of 443,467,655 shares, which includes 38,335,600 H shares held through its subsidiary[12]

证券代码：600600 证券简称：青岛啤酒 公告编号：临 2023-009 青岛啤酒股份有限公司 关于召开 2022 年度及 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 4 月 25 日(星期二)下午 15:00-16:30 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） （二）会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心视频直播和网络互动 三、参加人员 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2023 年 4 月 24 日(星期一)15:00 前通过公司邮箱 secretary@tsingtao.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 青岛啤酒股份有限公司（以下简称"公司"）已于 2023 年 3 月 23 日发布公司 2022 ...

Financial Performance - The company's operating revenue for 2022 was RMB 32,171,565,624, representing a 6.65% increase compared to RMB 30,166,805,377 in 2021[17] - The net profit attributable to shareholders for 2022 was RMB 3,710,628,593, which is a 17.59% increase from RMB 3,155,455,810 in 2021[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 3,209,052,175, reflecting a significant increase of 45.43% compared to RMB 2,206,584,195 in 2021[17] - The net cash flow from operating activities for 2022 was RMB 4,878,771,322, a decrease of 19.27% from RMB 6,043,111,455 in 2021[17] - As of the end of 2022, the net assets attributable to shareholders were RMB 25,494,821,703, marking a 10.84% increase from RMB 23,001,844,598 at the end of 2021[17] - The total assets as of the end of 2022 were RMB 50,311,699,796, which is an 8.05% increase from RMB 46,563,004,491 at the end of 2021[17] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.80 per share for the year 2022, totaling RMB 2,455,619,022[4] - The company plans to distribute a cash dividend of RMB 1.80 per share for the year 2022, including a special dividend of RMB 0.50 per share[26] - The total cash dividend for 2022 represents 66.18% of the net profit attributable to ordinary shareholders of the listed company, which was RMB 3,710,628,593[109] Sales and Market Performance - The company sold 8.072 million kiloliters of products, marking a 1.8% increase from the previous year[24] - The company achieved a total beer sales volume of 8.072 million kiloliters in 2022, with a revenue of RMB 32.17 billion, representing a year-on-year increase of 6.65%[29] - The main brand, Tsingtao Beer, sold 4.44 million kiloliters, up 2.6% year-on-year, while mid-to-high-end products sold 2.93 million kiloliters, increasing by 4.99%[25] - The company expanded its international market presence, with overseas product sales increasing by 4% year-on-year[24] Research and Development - R&D expenses increased by 103.80% to RMB 62.96 million, reflecting a significant investment in new product development[31] - The total R&D investment amounted to 62,955 thousand RMB, representing 0.20% of operating revenue[42] - The company employed 750 R&D personnel, accounting for 2.37% of the total workforce[43] - Research and development investments increased by 30%, focusing on innovative brewing technologies and sustainable practices[83] Operational Efficiency and Cost Management - The company implemented various cost control measures, leading to improved operational efficiency and sustained profit growth[24] - The company reported a decrease in management expenses by 12.95% to RMB 1.47 billion, attributed to reduced share-based payment expenses[30] - The operating cost for 2022 rose by 6.43% year-on-year, attributed to increased sales volume, rising raw material prices, and optimized product mix[33] Environmental Responsibility - The company invested 22.07 million yuan in environmental protection during the reporting period[117] - The total discharge of COD from the Qingdao Brewery was 967.50 tons, with a concentration of 960 mg/L[118] - The company has established environmental protection mechanisms and is classified as a key pollutant discharge unit[117] - All wastewater discharge from the Qingdao Brewery facilities met the required standards, with no exceedances reported[118] Governance and Management - The company has held 15 board meetings and 11 supervisory meetings to ensure effective governance and decision-making[78] - The company is focused on high-quality development, emphasizing brand leadership, innovation, and quality first[73] - The company has a structured decision-making process for determining the remuneration of directors and senior management, which involves proposals from the board and supervisory committee[89] Future Outlook and Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[84] - The company plans to enhance its product structure and increase market share through both online and offline promotional efforts[74] - The company aims to improve operational efficiency and supply chain management in the next fiscal year[82] Financial Management and Investments - The company has engaged in various financial management activities, including a total of CNY 2,180,000,000 in wealth management products and CNY 5,500,000,000 in structured deposits[160] - The company has confirmed that all financial management activities have followed legal procedures[161] - The company has a total of CNY 300,000,000 in wealth management products with Bohai Bank, with an actual return of CNY 11,188,000[161] Shareholding Structure - The total number of ordinary shareholders was 26,260, with 26,013 being A-share holders and 247 being H-share holders[182] - The top shareholder, Hong Kong Central Clearing (Agent) Limited, holds 613,929,619 shares, representing 45.00% of total shares[184] - Qingdao Beer Group Limited, the second-largest shareholder, holds 443,467,655 shares, accounting for 32.51%[184] Audit and Compliance - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2022[195] - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring the independence of the auditors from Qingdao Beer[196] - The financial statements were prepared in accordance with the accounting standards for enterprises, ensuring compliance and accuracy[195]

Financial Performance - The company's operating revenue for Q3 2022 was RMB 9,837,184,875, representing a year-on-year increase of 16.00%[2] - The net profit attributable to shareholders for Q3 2022 was RMB 1,414,898,633, an increase of 18.37% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2022 reached ¥29,109,843,175, an increase of 8.9% compared to ¥26,771,391,438 in the same period of 2021[12] - Operating profit for the first three quarters of 2022 was ¥5,730,391,731, up 16.6% from ¥4,913,377,683 in the previous year[12] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was ¥4,266,993,082, representing a 18.2% increase from ¥3,610,797,933 in 2021[13] Sales and Product Performance - The cumulative product sales for the first three quarters of 2022 reached 7.279 million kiloliters, a year-on-year growth of 2.8%[4] - The main brand, Tsingtao Beer, achieved product sales of 3.953 million kiloliters, reflecting a year-on-year increase of 4.5%[4] Assets and Equity - The total assets at the end of the reporting period were RMB 49,318,248,328, an increase of 5.92% from the end of the previous year[3] - The total equity attributable to shareholders at the end of the reporting period was RMB 26,035,981,279, reflecting a year-on-year increase of 13.19%[3] - As of September 30, 2022, the total assets of Qingdao Beer Co., Ltd. amounted to CNY 49.32 billion, an increase from CNY 46.56 billion as of December 31, 2021, representing a growth of approximately 5.7%[10] - The company's total equity attributable to shareholders rose to CNY 26.04 billion, compared to CNY 23.00 billion in the previous year, marking an increase of approximately 13.2%[11] Cash Flow and Liabilities - The net cash flow from operating activities for the year-to-date was RMB 5,991,216,680, showing a decrease of 2.80% compared to the previous year[2] - The company's cash and cash equivalents reached CNY 17.05 billion, up from CNY 14.60 billion in the previous year, indicating a year-over-year increase of about 10%[9] - Total current liabilities decreased to CNY 18.07 billion from CNY 18.26 billion, reflecting a reduction of approximately 1%[11] - The total liabilities of the company decreased to CNY 22.44 billion from CNY 22.77 billion, reflecting a decline of approximately 1.5%[11] Expenses and Profitability - Research and development expenses increased significantly to ¥30,206,437, up 124.5% from ¥13,434,259 in the previous year[12] - Total operating costs for the first three quarters of 2022 were ¥24,120,876,202, an increase of 11.8% from ¥22,531,063,216 in 2021[12] - The company achieved a gross profit margin of approximately 16.5% in the first three quarters of 2022, compared to 15.8% in the same period of 2021[12] - The diluted earnings per share for Q3 2022 was RMB 1.040, an increase of 18.05% year-on-year[3] - Earnings per share for the first three quarters of 2022 were ¥3.149, up from ¥2.665 in the previous year[13] Cash Flow from Investments and Financing - Cash inflow from investment activities was ¥10,639,971,822, significantly higher than ¥5,681,835,106 in the same period of 2021[14] - Cash outflow from investment activities totaled ¥14,936,346,029, a decrease of 33.1% compared to ¥22,294,680,433 in the previous year[15] - Net cash flow from investment activities was -¥4,296,374,207, improving from -¥16,612,845,327 year-over-year[15] - Cash inflow from financing activities was ¥229,741,355, down 71.5% from ¥807,605,920 in the previous year[15] - Net cash flow from financing activities was -¥1,613,838,335, worsening from -¥579,698,124 year-over-year[15] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 5.59%, an increase of 0.35 percentage points compared to the previous year[3] - The company's retained earnings increased to CNY 19.08 billion from CNY 16.32 billion, representing a growth of about 10.7%[11] - The company's accounts payable surged to CNY 4.27 billion from CNY 3.13 billion, representing an increase of approximately 36.5%[10] - The deferred income tax assets rose to CNY 2.24 billion from CNY 2.13 billion, indicating an increase of about 5.2%[11] - The inventory level decreased significantly to CNY 2.16 billion from CNY 3.49 billion, a decline of around 38%[9] - The impact of exchange rate changes on cash and cash equivalents was ¥44,736,905, contrasting with -¥4,314,852 in the previous year[15]

Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 19,272,658,300, representing a 5.37% increase compared to CNY 18,291,160,751 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was CNY 2,852,094,449, an increase of 18.07% from CNY 2,415,521,329 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was CNY 2,590,369,456, reflecting a growth of 20.03% compared to CNY 2,158,036,282 in the same period last year[12]. - Basic earnings per share for the first half of 2022 were CNY 2.100, up 17.98% from CNY 1.780 in the same period last year[13]. - The diluted earnings per share were CNY 2.099, reflecting a 17.92% increase compared to CNY 1.780 in the previous year[13]. - The company reported a weighted average return on equity of 11.65%, an increase of 0.62 percentage points from 11.03% in the previous year[13]. - The total comprehensive income for the six months ended June 30, 2022, was RMB 2.90 billion, compared to RMB 2.49 billion in the same period of 2021, reflecting an increase of about 16.6%[64]. Cash Flow and Investments - The net cash flow from operating activities was CNY 4,719,012,228, showing a decrease of 6.08% from CNY 5,024,661,252 in the previous year[12]. - Cash inflow from investment activities significantly increased to RMB 9,484,985,169 compared to RMB 2,031,522,753 in the previous year[66]. - The company received RMB 9,086,457,730 from investment recoveries, a significant increase from RMB 1,776,085,800 in the previous year[66]. - Cash outflow for purchasing fixed assets and intangible assets was RMB 817,704,619, compared to RMB 703,675,247 in the same period last year[66]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 50,077,006,806, which is a 7.55% increase from CNY 46,563,004,491 at the end of the previous year[12]. - The total liabilities amounted to RMB 24.77 billion, compared to RMB 22.77 billion, indicating an increase of approximately 8.8%[62]. - The total equity attributable to shareholders reached RMB 24.50 billion, up from RMB 23.00 billion, marking an increase of about 6.5%[62]. - The company's cash and cash equivalents increased to RMB 17.59 billion from RMB 14.60 billion, a rise of about 20.5%[61]. Sales and Market Performance - In the first half of 2022, the company achieved a product sales volume of 4.72 million kiloliters, with the main brand Tsingtao beer contributing 2.6 million kiloliters[19]. - The company reported a 21% increase in overseas market sales during the reporting period[19]. - The sales volume of mid-to-high-end products grew by 6.6% year-on-year, with revenue from these products increasing by 6.5%[19]. Research and Development - Research and development expenses surged by 106.12% year-on-year, indicating increased investment in new product development[21]. - The investment income rose by 85.95% year-on-year, primarily due to an increase in the scale of financial interbank deposit business[21]. Environmental Compliance - The company’s wastewater discharge from its Qingdao Brewery complies with the pollution discharge standards, with no exceedance reported[34]. - The company has undergone significant changes in its board and management, with multiple resignations and appointments in 2022[31]. - The company has established a comprehensive pollution control facility and operational management system, ensuring stable compliance with national discharge standards[43]. - The company achieved a year-on-year reduction of 8.6% in carbon emissions per unit of product in the first half of 2022[47]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 43,083, including 42,835 A-share holders and 248 H-share holders[55]. - The largest shareholder, Hong Kong Central Clearing Limited, held 613,927,619 shares, representing 45.00% of the total shares[55]. - The company has not reported any changes in controlling shareholders or actual controllers during the reporting period[58]. Financial Statements and Accounting Policies - The financial statements include consolidated balance sheets, profit and loss statements, and cash flow statements for the reporting period[60]. - The company adheres to the accounting standards issued by the Ministry of Finance and the China Securities Regulatory Commission[75]. - The accounting year runs from January 1 to December 31[77]. - The company recognizes financial instruments when it becomes a party to the financial instrument contract[87]. Employee Compensation and Benefits - Employee compensation includes various forms of remuneration, including short-term salaries and post-employment benefits[123]. - The company contributes to social basic pension insurance for employees, recognizing liabilities based on local regulations[126]. Related Party Transactions - The company reported a total of 117 million RMB in related party transactions with Youjia Health Group, accounting for 19.42% of similar transaction amounts[49]. - The company provided comprehensive services to Qingdao Beer Group and its subsidiaries, with transaction amounts reaching 524 million RMB, representing 78.96% of similar transaction amounts[50].

Financial Performance - The total revenue for Q1 2022 was RMB 9,208,137,288, representing a year-on-year increase of 3.14%[2] - The net profit attributable to shareholders was RMB 1,126,228,090, reflecting a growth of 10.20% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,021,784,840, an increase of 17.14% year-on-year[3] - Total operating revenue for Q1 2022 was 9,208,137,288, an increase of 3.14% compared to 8,927,731,306 in Q1 2021[12] - Net profit for Q1 2022 reached 1,152,465,765, compared to 1,054,731,323 in Q1 2021, representing a growth of 9.30%[13] - The company reported a comprehensive income total of 1,153,501,790 for Q1 2022, compared to 1,054,160,288 in Q1 2021, marking an increase of 9.47%[13] Sales and Production - The total product sales volume reached 2.129 million kiloliters, with the main brand Qingdao Beer achieving sales of 1.304 million kiloliters, a year-on-year growth of 5.1%[3] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 62.14% to RMB 933,619,727 due to increased revenue recognition from advance receipts[5] - Cash inflow from operating activities for Q1 2022 was approximately ¥8.24 billion, a decrease of 8% from ¥8.95 billion in Q1 2021[14] - Total cash outflow from operating activities increased to approximately ¥7.31 billion, compared to ¥6.49 billion in Q1 2021[14] - Cash received from sales of goods and services was approximately ¥8.07 billion, compared to ¥8.69 billion in the same period last year[14] - Cash and cash equivalents decreased to CNY 12,818,371,932 from CNY 14,597,590,313 year-over-year[8] - The company's cash and cash equivalents at the end of Q1 2022 stood at approximately ¥10.07 billion, down from ¥11.35 billion at the end of Q1 2021[15] Assets and Liabilities - The total assets at the end of the reporting period were RMB 46,988,567,972, a slight increase of 0.91% from the end of the previous year[3] - Total liabilities decreased to 22,012,833,646 from 22,769,313,149, a reduction of approximately 3.32%[10] - Total equity increased to 24,975,734,326 from 23,793,691,342, reflecting a growth of 4.97%[10] - The company's inventory decreased significantly to CNY 2,569,558,659 from CNY 3,492,997,857[9] - Total non-current assets increased to CNY 17,889,391,964 from CNY 17,604,385,081[9] - Short-term borrowings surged to CNY 743,828,661 from CNY 245,780,575[9] - Accounts payable increased to CNY 3,634,507,468 from CNY 3,127,872,424[9] - Contract liabilities decreased to CNY 5,993,637,031 from CNY 8,123,275,272[9] Research and Development - Research and development expenses increased by 49.33% due to higher investment in new product development[5] - Research and development expenses for Q1 2022 were 5,802,826, up 49.3% from 3,885,806 in Q1 2021[12] Government Support and Market Strategy - The company received government subsidies amounting to RMB 85,255,217 related to daily operations[4] - The company is actively expanding its market presence, particularly focusing on the Beijing 2022 Winter Olympics to enhance brand influence[3] Shareholder Information - The company reported a total of 68,983,919 shares held by its subsidiaries, representing approximately 5.06% of the total share capital[7] - The company did not participate in margin financing or securities lending during the reporting period[7]

Financial Performance - The total revenue for 2021 was RMB 27,759,710,926, representing an increase of 8.67% compared to 2020[16]. - The net profit attributable to shareholders for 2021 was RMB 2,201,323,556, reflecting a growth of 43.34% year-over-year[16]. - The net profit after deducting non-recurring gains and losses was RMB 1,815,584,753, which is a 21.54% increase from the previous year[16]. - The total revenue for 2021 reached RMB 30,166.81 million, an increase of 8.67% compared to RMB 27,759.71 million in the previous year[27]. - The net profit attributable to shareholders reached RMB 3.16 billion, an increase of 43.3% compared to the previous year[23]. - The basic earnings per share rose to RMB 2.328, reflecting a growth of 42.91% year-on-year[18]. - The company reported a net profit of RMB 3.26 billion, representing a 40% increase compared to RMB 2.33 billion in 2020[184]. - The operating profit for 2021 was RMB 4.45 billion, up 37% from RMB 3.25 billion in 2020[184]. Cash Flow and Investments - The net cash flow from operating activities reached RMB 4,953,422,362, up by 22.00% compared to 2020[16]. - The company reported a net cash flow from operating activities of RMB 6,043,111,455, an increase of 21.9% compared to RMB 4,953,422,362 in 2020[186]. - The total cash inflow from investment activities was RMB 14,497,489,422, significantly up from RMB 2,946,320,994 in 2020[186]. - The net cash flow from investment activities was RMB (10,249,763,562), compared to RMB (1,487,738,165) in the previous year, indicating a substantial increase in cash outflows[186]. - The company has a total of RMB 2,150,000,000 in financial products and RMB 7,700,000,000 in structured deposits[138]. Assets and Liabilities - The total assets as of the end of 2021 were RMB 46,563,004,491, marking a 12.16% increase from the end of 2020[17]. - The total liabilities and shareholders' equity reached RMB 46.56 billion, an increase from RMB 41.51 billion in the previous year, reflecting a growth of approximately 12.3%[182]. - The total current liabilities amounted to RMB 18.26 billion, up from RMB 15.51 billion, indicating a year-over-year increase of about 17.7%[182]. - The company's total shareholders' equity rose to RMB 23.79 billion, compared to RMB 21.37 billion, marking an increase of around 11.3%[182]. Market and Sales Performance - The company sold 7.93 million kiloliters of products in 2021, with the main brand Tsingtao beer achieving a sales volume of 4.329 million kiloliters, up 11.6% year-on-year[23]. - The company's overseas market sales grew by 11.2% despite the challenges posed by the global pandemic[23]. - The revenue from the Shandong region was RMB 19,747.06 million, with a growth rate of 9.55%[29]. - The sales volume in the Shandong region accounted for 66.55% of total sales revenue, with a revenue of RMB 19,747,061 thousand, up 9.55% year-on-year[58]. Research and Development - The company's R&D expenses rose by 43.90% to RMB 30.89 million, driven by increased investment in new product development[27]. - The company has 629 R&D personnel, accounting for 1.91% of the total workforce[36]. - The company has initiated a digital training program, providing over 35,000 courses and case studies to enhance employee skills[97]. Corporate Governance and Management - The audit report for the financial statements was issued by PwC with a standard unqualified opinion[2]. - The company has maintained stable shareholding among its top executives, with no significant changes in shareholdings during the reporting period[72]. - The company has established specialized committees under the board, including audit, nomination, compensation, and strategy committees, to enhance governance[88]. - The company has appointed new independent directors to strengthen governance and oversight, enhancing stakeholder confidence[84]. Environmental Compliance - The company has complied with environmental protection standards, with all wastewater discharge from its breweries meeting regulatory limits[110]. - The company has achieved compliance with the beer industry pollutant discharge standards, with all 17 production plants responding positively to the revised standards[116]. - The company is actively engaged in environmental protection efforts, sharing value with downstream wastewater treatment facilities by utilizing brewery wastewater as a carbon source[117]. Future Outlook - In 2022, the company anticipates challenges from rising raw material prices and increased competition, but remains confident in its ability to improve market operations and profitability[67]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[183]. - The company aims to strengthen its market position in both base and emerging markets, enhancing brand influence through immersive marketing strategies[66].

Financial Performance - The company's revenue for Q3 2021 was RMB 8,480,230,687, a decrease of 3.01% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was RMB 1,195,276,604, an increase of 6.43% year-on-year[4] - The total product sales volume reached 7.082 million kiloliters in the first three quarters, a year-on-year increase of 2.02%, with the main brand Qingdao Beer achieving a 13.05% increase[5] - The company achieved a net profit of RMB 3,610,797,933 for the first three quarters, reflecting a year-on-year growth of 21.25%[5] - The diluted earnings per share for Q3 2021 was RMB 0.881, an increase of 6.14% compared to the same period last year[5] - Total revenue for the first three quarters of 2021 reached ¥26,771,391,438, an increase of 9.6% compared to ¥24,422,079,478 in the same period of 2020[17] - Net profit for the first three quarters of 2021 was ¥3,717,393,271, representing a 19.5% increase from ¥3,111,124,025 in the same period of 2020[18] - Total comprehensive income for Q3 2021 reached ¥3,718,594,865, compared to ¥3,114,218,076 in Q3 2020, indicating an increase of about 19.4%[19] Assets and Liabilities - Total assets at the end of the reporting period were RMB 45,328,578,511, representing a 9.19% increase from the end of the previous year[5] - As of September 30, 2021, total current assets amounted to RMB 27,997,626,869, an increase from RMB 24,628,119,678 at the end of 2020[14] - The company's total assets increased to ¥45,328,578,511, up from ¥41,514,185,835, marking a growth of 9.4%[16] - Total liabilities rose to ¥21,114,743,591, compared to ¥20,146,133,669, indicating an increase of 4.8%[16] - Deferred income increased to ¥3,024,050,325 from ¥2,899,626,024, showing a growth of 4.3%[16] Cash Flow - The company’s cash flow from operating activities for the year-to-date period was RMB 6,163,656,772, reflecting a 4.22% increase year-on-year[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥6,163,656,772, compared to ¥5,913,994,981 in the same period of 2020, showing an increase of about 4.2%[20] - Cash inflow from investment activities in the first three quarters of 2021 was ¥5,681,835,106, significantly higher than ¥1,604,584,556 in the same period of 2020[20] - Cash outflow from investment activities for the first three quarters of 2021 was ¥22,294,680,433, compared to ¥2,545,330,480 in the same period of 2020, indicating a substantial increase[21] - Net cash flow from financing activities for Q3 2021 was -¥579,698,124, an improvement compared to -¥775,120,942 in Q3 2020[21] - The ending balance of cash and cash equivalents as of Q3 2021 was ¥6,609,921,893, down from ¥18,746,760,231 at the end of Q3 2020[21] Shareholder Information - Total number of common stock shareholders at the end of the reporting period was 63,977, including 63,726 A-share holders and 251 H-share holders[10] - The largest shareholder, Hong Kong Central Clearing (Agent) Limited, holds 613,909,619 shares, representing 44.99% of total shares[10] - Qingdao Beer Group Limited, the second largest shareholder, holds 443,467,655 shares, accounting for 32.50% of total shares[10] - The total number of shares held by the top ten shareholders includes 38,335,600 H-shares held by subsidiaries of Fosun International Limited[11] - The company has not disclosed any related party transactions among the top ten shareholders[11] Research and Development - Research and development expenses for the first three quarters were ¥13,434,259, up from ¥11,455,480, reflecting a year-over-year increase of 17.3%[18] Other Financial Metrics - The company reported a significant increase in other current assets by 1,119.19%, mainly due to the development of financial interbank deposit business[8] - The company received government subsidies amounting to RMB 445,239,099 during the year-to-date period, which are closely related to its normal business operations[6] - Cash and cash equivalents decreased to RMB 9,471,202,161 from RMB 18,466,880,608 year-over-year[14] - Inventory decreased significantly to RMB 1,853,085,937 from RMB 3,281,033,526 year-over-year[14] - The company reported a total of 9,516,505,218 in trading financial assets, up from 1,888,862,835 in the previous year[14] - The company did not participate in margin financing or securities lending during the reporting period[11] - The company did not apply the new lease accounting standards starting in 2021[22]

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 18.29 billion, an increase of 16.66% compared to CNY 15.68 billion in the same period last year[12]. - The net profit attributable to shareholders was CNY 2.42 billion, reflecting a growth of 30.22% from CNY 1.85 billion year-on-year[12]. - The net profit after deducting non-recurring gains and losses was CNY 2.16 billion, up 32.99% from CNY 1.62 billion in the previous year[12]. - The basic earnings per share for the first half of 2021 were CNY 1.78, an increase of 29.64% compared to CNY 1.37 in the same period last year[13]. - The weighted average return on equity increased to 11.03%, up by 1.73 percentage points from 9.30% in the previous year[13]. - The gross profit margin improved to 28.5% in the first half of 2021, up from 27.5% in the same period of 2020[76]. - The company reported a total profit of RMB 3.29 billion for the first half of 2021, compared to RMB 2.56 billion in the same period of 2020, marking an increase of around 28.5%[76]. - The company's operating profit for the first half of 2021 was RMB 3.28 billion, up from RMB 2.58 billion in the same period of 2020, reflecting an increase of about 27.5%[76]. Cash Flow and Investments - The company's cash flow from operating activities was CNY 5.02 billion, a slight increase of 1.21% compared to CNY 4.96 billion in the same period last year[12]. - The net cash flow from operating activities for the six months ended June 30, 2021, was CNY 5,024,661,252, an increase from CNY 4,964,496,900 for the same period in 2020[78]. - Cash outflow from investing activities was CNY 17,509,792,184, significantly higher than CNY 1,867,883,445 in the same period last year, indicating increased investment activity[78]. - The net cash flow from investing activities was CNY (15,478,269,431), compared to CNY (775,103,760) in the previous year, showing a substantial increase in cash used for investments[78]. - Cash inflow from financing activities totaled CNY 257,600,920, while cash outflow was CNY 595,376,976, resulting in a net cash flow of CNY (337,776,056)[78]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 45.24 billion, an increase of 8.97% from CNY 41.51 billion at the end of the previous year[12]. - The total liabilities amounted to RMB 22.28 billion, compared to RMB 20.15 billion at the end of 2020, reflecting an increase of approximately 10.6%[74]. - Shareholders' equity reached RMB 22.96 billion, an increase from RMB 21.37 billion as of December 31, 2020, representing a growth of about 7.4%[74]. - The company's cash and cash equivalents were RMB 9.32 billion, a decrease from RMB 18.47 billion at the end of 2020, indicating a decline of approximately 49.5%[73]. - The total amount of accounts payable was RMB 3.39 billion, an increase from RMB 2.95 billion at the end of 2020, representing a growth of approximately 14.9%[74]. Environmental Compliance - Qingdao Beer Company reported that all wastewater discharges from its facilities met the national pollution discharge standards, with COD levels consistently below regulatory limits[40]. - The company’s commitment to environmental standards is reflected in its consistent compliance across multiple facilities, ensuring sustainable operations[40]. - The company has implemented "anaerobic + aerobic" biological methods for wastewater treatment, ensuring all pollution control facilities are operating normally and meeting discharge standards[45]. - The company has established emergency response plans for environmental incidents, with regular drills to enhance the skills of environmental personnel[47]. - The company has achieved stable compliance with the revised "Beer Industry Pollutant Discharge Standards" (GB19821-2005) across its operations[45]. Shareholder Information - As of the report date, the total number of ordinary shareholders was 43,773, including 43,520 A-share and 253 H-share holders[65]. - The total number of shares increased from 1,364,182,795 to 1,364,476,795 after the issuance of new shares[61]. - The top ten shareholders hold a total of 1,408,000,000 shares, representing approximately 79.99% of the total shares outstanding[66]. - Hong Kong Central Clearing (Agent) Limited is the largest shareholder with 613,917,667 shares, accounting for 44.99% of the total shares[66]. - The report indicates that there were no changes in the controlling shareholder or actual controller during the reporting period[69]. Corporate Governance - The independent director, Mr. Zeng Biao, will leave after serving six years, with Ms. Zhang Ran elected as the new independent director[34]. - The chairman of the supervisory board, Mr. Li Gang, resigned due to retirement age, and Mr. Guo Xiuzhang was elected as the new chairman[34]. - The company has established a dedicated environmental management department to oversee compliance and enhance environmental performance[52]. - The company has no significant litigation or arbitration matters during the reporting period[57]. Research and Development - The company continues to focus on digital transformation and has established a "lighthouse factory" in the beer beverage industry[17]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[76]. - The company has received environmental impact assessment approvals for the "relocation and expansion of 600,000 hectoliters beer production project" and the "beer distillate and whiskey R&D project" at Qingdao Brewery[46].