Tsingtao Brewery, a major Chinese brewery that produces Tsingtao beer, released its 2021 semi-annual report on Aug 25.

A file photo of Tsingtao Beer [Photo/Sipa]

In the first half of 2021, the company achieved a total product sales volume of 4.77 million kiloliters, up 8.2 percent year-on-year. Its operating revenue reached 18.29 billion yuan ($2.83 billion), up 16.66 percent year-on-year.

Net profit attributable to its shareholders reached 2.42 billion yuan, up 30.22 percent year-on-year.

According to Tsingtao Brewery, the company has been promoting the high-quality development strategy formulated by its board of directors to accelerate the optimization of production capacity and upgrading of product structure, give full play to its brand and quality advantages, and explore domestic and foreign markets. As a result, the company has achieved sustained and stable growth in business performance.