Tsingtao Brewery Company Limited (SSE:600600) released audited financial results for 2007 on April 21 in the company's annual report.
According to the report, the company's 2007 revenue was RMB 13.71 billion, up 15.86% year-over-year; net income rose 15.87% to RMB 410.46 million, and EPS was RMB 0.4266, growth of 27.73% compared with the same period of 2006.
Tsingtao Brewery Company Limited is engaged in the brewing and sale of beer, and other related businesses. Headquartered in Qingdao, Shandong Province, the People's Republic of China, the Company distributes its products within the domestic market, including Qingdao region, other regions in Shandong, northern China region, southern China region, as well as overseas markets. During the year ended December 31, 2006, the Company sold 4.54 million hectoliters of beer, under the brand name of Tsingtao beer, Hans, Laoshan and Shanshui. As of December 31, 2006, the Company had 30 major subsidiaries.
