Tsingtao Brewery(600600)2024-12-02 09:51Group 1: Investor Relations Activities - The event was part of the 2024 Qingdao-listed companies' online collective reception day and the Q3 performance briefing [1][2] - The meeting took place on November 28, 2024, from 15:00 to 17:00 [2] - Participants included domestic and foreign investors, with key company representatives present [2] Group 2: Company Performance and Strategy - The company aims to enhance investor interaction and communication to build a harmonious investment relationship [2] - The company plans to improve its dividend rate based on the 2023 distribution, aiming to create higher value for investors [2] - The company is developing a market value management system following new regulations issued by the securities regulatory authority [2] Group 3: Product Performance and Market Strategy - The high-end product "One World Legend" is gaining popularity but currently represents a small percentage of total sales revenue due to low sales base [3] - The company is responding to diversified consumer demands by innovating in branding and product offerings, focusing on mid-to-high-end markets [3] - New products such as "Nika Xi White Beer" and "Alcohol-Free White Beer" have been launched to meet consumer preferences for quality and variety [3] Group 4: Market Challenges and Future Plans - The company experienced a decline in market share in 2024, with revenue in the first three quarters down compared to competitors [4] - The decline is attributed to weak recovery in domestic beer consumption and high sales base effects from the previous year [4] - The company will continue to implement high-quality development strategies and innovate to expand both domestic and international markets [4]