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href="https://web.archive.org/web/20160505043952/mailto:/?subject=Tsingtao%20gets%20its%20buzz%20back%20on%20first-quarter%20profit%20growth&body=Here%20is%20something%20from%20Nikkei%20Asian%20Review%20that%20might%20interest%20you%3A%0D%0ATsingtao%20gets%20its%20buzz%20back%20on%20first-quarter%20profit%20growth%0D%0Ahttp://s.nikkei.com/1NQsW4h">Mail</a></li> </ul> </div> <div class="article-box"> <div class="detail"> <div class="feature-article"> <div class="date-area">April 27, 2016 6:23 am JST</div> <h1 class="title">Tsingtao gets its buzz back on first-quarter profit growth</h1> <p>KAZUMI SAKURADA, NQN staff writer</p> </div> </div> </div> <div class="article-box detail"> <div class="wysiwyg_area"> <div class="articleBodyText"> <p>HONG KONG -- <a href="/web/20160505043952/http://asia.nikkei.com/Company/003K0J-E" target="_self" alt="003K0J-E" class="mwMoTrg">Tsingtao Brewery</a> rebounded here Tuesday after the Chinese company announced profit growth for the January-March quarter.</p><p>     The company said after the market close Monday that net profit grew 2.5% on the year to 533 million yuan ($82 million). Its shares gained 2.72% to 30.20 Hong Kong dollars ($3.89) on Tuesday after two sessions of declines since Friday.</p><div class="page_limit free"></div><div class="page_limit"></div><p>     Profitability improved on strengthened online sales and the popularity of such high-value-added newer offerings as premium and dark beers. Revenue sank 4.4% to 6.86 billion yuan. In a slowing Chinese economy, demand at fine restaurants declined and competition intensified. The signature Tsingtao Beer brand accounted for 1.06 million kiloliters of the 1.95 million kiloliters of beer the company sold.</p><p>     China's beer industry is about eight times the size of Japan's. A peak in 2013 has given way to a contraction as consumer tastes grow more diverse.</p> </div> </div> <div id="modal-screen_zoom"></div> </div> <div id="003K0J-E" class="cmp-smy-balloon"> <div class="cmp-smy-balloon-inr"> <span class="sub-title-a300">Asia300</span> <h3 class="mwmo-title"><a href="/web/20160505043952/http://asia.nikkei.com/Company/003K0J-E">Tsingtao Brewery Co., Ltd.</a></h3> <p class="a300ctry">China</p> <table> <tr> <th>Market(Ticker):</th> <td>HKG(168)</td> </tr> <tr> <th>Sector:<br>Industry:</th> <td>Consumer Non-Durables<br>Beverages: Alcoholic</td> </tr> <tr> <th>Market cap(USD):</th> <td>5,672.98M</td> </tr> <tr> <th>Shares:</th> <td>1,350.98M</td> </tr> </table> <div class="more"> <a href="/web/20160505043952/http://asia.nikkei.com/Company/003K0J-E">about Tsingtao Brewery Co., Ltd.</a> </div> </div> </div>  <div class="pagination no-border"></div> <div class="related-company"> <h2 class="related-header">Related companies</h2> <p class="company-list"> <a href="/web/20160505043952/http://asia.nikkei.com/Company/003K0J-E">Tsingtao Brewery Co., Ltd.</a> </p> </div> <div class="related-list"> <p class="related-header">Related stories</p> <ul class="point-list"> <li><a href="/web/20160505043952/http://asia.nikkei.com/Business/Trends/Anheuser-sells-more-China-brew-despite-down-market">Anheuser sells more China brew despite down market</a></li> <li><a href="/web/20160505043952/http://asia.nikkei.com/Business/Companies/China-Resources-Beer-goes-upmarket-to-counter-slowing-sales">China Resources Beer goes upmarket to counter slowing sales</a></li> <li><a href="/web/20160505043952/http://asia.nikkei.com/Business/Trends/Japan-brewers-buying-assets-abroad-as-home-market-shrinks">Japan brewers buying assets abroad as home market shrinks</a></li> </ul> </div> <div class="OUTBRAIN" data-src="https://web.archive.org/web/20160505043952oe_/http://asia.nikkei.com/Business/AC/Tsingtao-gets-its-buzz-back-on-first-quarter-profit-growth" data-widget-id="AR_1" data-ob-template="Nikkei_Asian_Review_EN"></div> <script type="text/javascript" async="async" src="https://web.archive.org/web/20160505043952js_/http://widgets.outbrain.com/outbrain.js"></script> <div class="link-box GCCMD_removeall">  <h2 class="title">Follow Nikkei Asian Review</h2> <div class="follow-nar"> <dl> <dt><div class="fb-like" data-href="https://www.facebook.com/nikkeiasianreview/" data-layout="button_count" data-action="like" data-show-faces="false" data-share="false"></div></dt> <dd class="Facebook">The best content posted</dd> <dt class="Twitter"><a href="https://web.archive.org/web/20160505043952/https://twitter.com/NAR" class="twitter-follow-button" data-show-count="false">Follow @NAR</a> </dt> <dd class="Twitter">The latest headlines tweeted</dd> </dl> </div> </div> </div> <script type="text/javascript">  </script> <script type="text/javascript">  </script> <script>  </script> <link rel="stylesheet" href="/web/20160505043952cs_/http://asia.nikkei.com/css/article_pagination_v001.css"/> <script type="text/javascript" src="/web/20160505043952js_/http://asia.nikkei.com/js/497390b.js"></script> <script type="text/javascript">  </script> </div> <div class="secondary"> <div class="link-box "> <h5 class="title"><a href="/web/20160505043952/http://asia.nikkei.com/Latestheadlines">Latest headlines</a></h5> <ul class="headline-list"> <li> <a href="/web/20160505043952/http://asia.nikkei.com/Life-Arts/Arts/Japan-South-Korea-displaying-ancient-statues-to-fete-friendship">Japan, South Korea displaying ancient statues to fete friendship</a> </li> <li> <a href="/web/20160505043952/http://asia.nikkei.com/Business/Companies/Facebook-takes-page-from-Google-playbook-in-cementing-founder-s-power">Facebook takes page from Google playbook in cementing founder's power</a> </li> <li> <a href="/web/20160505043952/http://asia.nikkei.com/Politics-Economy/International-Relations/Key-at-bay-as-NZ-seeks-wider-China-trade-deal">Key at bay as NZ seeks wider China trade deal</a> </li> <li> <a href="/web/20160505043952/http://asia.nikkei.com/Politics-Economy/International-Relations/Southeast-Asia-s-migration-wave-highlights-Japan-s-barriers">Southeast Asia's migration wave highlights Japan's barriers</a> </li> <li> <a href="/web/20160505043952/http://asia.nikkei.com/Politics-Economy/International-Relations/Trump-urges-Japan-to-pay-more-to-maintain-US-military-bases">Trump urges Japan to pay more to maintain US military bases</a> </li> </ul> <div class="more"><a href="/web/20160505043952/http://asia.nikkei.com/Latestheadlines">more</a></div> </div> <div class="rectangle">  <div id="div-gpt-ad-1447391655511-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1447391655511-0'); 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