Tsingtao Brewery (600600) Stock Price, Fundamentals & Analysis

What 600600 does

Tsingtao Brewery (600600) is a stock listed on the Shanghai Stock Exchange, classified in the Consumer Defensive sector and the Beverages – Brewers industry. Founded in 1903 and headquartered in Qingdao, China, the company manufactures and sells beer products in Mainland China, Hong Kong, Macau, and internationally. It operates through seven regional segments, including Shandong, South China, North China, East China, Southeast China, and Hong Kong/Macau/overseas, plus a finance company segment.

Its beer is sold under brands such as Tsingtao Beer, Laoshan Beer, Hans Beer, TSINGTAO 1903 Pubs, and Tsingtao Prince. Beyond brewing, the group also provides wealth management, payment services, real estate, software and IT services, and is involved in industrial engineering and investment activities. The company employs 29,257 people.

Key numbers explained

• Market capitalisation of 68.06B CNY — the total market value of all shares; a figure investors use to gauge company size.
• P/E ratio of 14.8 (trailing) and 14.3 (forward) — the price divided by earnings per share; a common way to compare how much investors pay per unit of profit. The forward figure uses expected earnings.
• Earnings per share of 3.37 CNY — trailing twelve-month profit attributable to each share.
• Dividend yield of 4.71% — annual dividends as a percentage of the share price; note the payout ratio is listed at 0%, so check the ex-dividend date of Jul 16, 2026 for details.
• Beta of 0.34 — a measure of how much the stock tends to move relative to the overall market; below 1 suggests lower volatility than the market.
• 52-week range of 49.87 – 68.6 CNY with a -25% change over the last year — the current price of 49.89 CNY sits at the bottom of that range.
• Revenue of 31.64B CNY, down -6.7% year over year, with a 14.6% profit margin and 27.1% operating margin.
• Return on equity of 15% and a very low debt-to-equity ratio of 0.3%, with a price-to-book ratio of 2.17.

What to watch

As a consumer defensive stock, Tsingtao Brewery (600600) is generally less sensitive to economic cycles than cyclical sectors, though beer demand can still shift with consumer spending habits and competition. Peers on the same exchange include Chongqing Brewery (600132), Jiangsu King's Luck Brewery Joint-Stock (603369), and broader beverage and food names such as Eastroc Beverage (Group) (605499) and Foshan Haitian Flavouring & Food Co (603288). Factors that typically matter for this kind of company include revenue trends (currently negative at -6.7%), margin stability, dividend policy, and the broader Chinese consumer market. The stock is also part of the wider universe tracked by the CSI 300 index family context.