Tsingtao Brewery: Net profit in 2021 is expected to increase by about 43% year-on-year – Teller Report

Securities Times e company news, Tsingtao Brewery (600600) announced on the evening of January 13 that the company expects to achieve a net profit of about 3.15 billion yuan attributable to shareholders of listed companies in 2021, an increase of about 948 million yuan compared with the same period last year. Year-on-year growth of about 43%. In 2021, the company will actively explore domestic and foreign markets, accelerate the upgrading of product structure, and at the same time actively increase revenue and reduce expenditure, reduce costs and increase efficiency, and achieve continuous growth in operating profits. In addition, in 2021, the government will purchase and store the company’s land located in the Yangjiaqun plot. After the land expropriation compensation is confirmed, it is expected to increase the company’s net profit by about 436 million yuan.