Tsingtao Brewery ranked on most admired Chinese companies list
The Chinese edition of Fortune magazine recently released its list of "China's Most Admired Companies for 2018", with Tsingtao Brewery making the list for the 13th consecutive year.
Other well-known companies such as Huawei, Gree, Haier, Xiaomi and Alibaba were also included in the list.
The China's Most Admired Companies list is recognized as a symbol of a company's soft power, with the measuring criteria including management quality, product or service quality, innovation ability, the value of long-term investment, financial status, ability to attract and retain talents, social responsibility, reasonable use of assets and effectiveness in global operations.
This year's list featured a larger number of real economy companies than that of in previous years.
Tsingtao Brewery was highly recognized for its efforts in sustainable development. Founded in 1903, its famous beer is one of the most popular beers domestically and can be found in over 100 countries worldwide. Tsingtao Brewery has long focused on innovation.
It has set up an innovative quality management system, increased the products from one to more than 1,500 varieties and specifications, and expanded its sales channels to include online stores and more bars than ever before.
According to the company's report for the first half year of 2018, Tsingtao Brewery garnered revenue of over 15.1 billion yuan ($2.18 billion). Net income attributable to shareholders increased 13.39 percent to 1.3 billion yuan.
The Tsingtao Beer Museum. [Photo provided to chinadaily.com.cn]
A poster for Tsingtao Beer. [Photo provided to chinadaily.com.cn]
A poster for Tsingtao Beer is seen at a shopping mall. [Photo provided to chinadaily.com.cn]