A total of nine Qingdao companies appeared on the 500 most valuable Chinese brands list unveiled by the World Brand Lab (WLB) in Beijing last Thursday.

The list was composed through financial analyses, consumer behavior and brand power. The listed Qingdao brands include Haier Appliance, Tsingtao Beer, Hisense Appliance, Hatamen Cigarettes, Mt. Laoshan Beer, Mt. Laoshan Spring Water, Peninsula City News, Shengyuan Dairy and Xiyingmen Textile.

Qingdao Copton Petrochemical, one of the 500 most valuable Chinese brands in 2011, dropped out of the list this year.

Last year's third spot occupant, China Mobile Ltd. (0941. HK), shot to the top this year with an overall brand value of 238.568 billion yuan (US$37.55 billion).