Cost Savings to Drive Earnings Growth for Tsingtao
Tsingtao Brewery has over 100 years of history and is the second largest beer brewery by volume in China. With its roots in Shandong, the largest beer consumption province in China, Tsingtao has demonstrated the favorable economics of regional concentration, with production facilities achieving scale efficiencies through a dense distribution network. Shandong province alone contributed over 60% of Tsingtao Brewery’s revenue and net profit in 2022.