China Resources Beverage (Holdings) Company Limited (HK:2460)
:2460
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China Resources Beverage (Holdings) Company Limited
(2460)
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Rating:62Neutral
Price Target:
HK$9.50
▲(6.62% Upside)
Action:DowngradedDate:04/28/26
The score is primarily supported by a very strong, low-leverage balance sheet and generally healthy profitability, but is held back by volatile/weak free cash flow and clear bearish technical trends (below major moving averages with negative MACD). A high dividend yield helps, though valuation is only moderate given the P/E level.
Positive Factors
Conservative balance sheet
Extremely low leverage and materially growing equity provide durable financial flexibility. This conservatism cushions earnings through cycles, supports capital allocation for reinvestment or dividends, and preserves borrowing capacity for strategic moves without stressing cash flows.
Negative Factors
Volatile / weak free cash flow
Frequent negative or near-zero free cash flow constrains the firm's ability to fund capex, sustain dividends, or build cash buffers without drawing on balance-sheet reserves. Over a 2–6 month horizon this reduces strategic flexibility and raises execution risk for investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and materially growing equity provide durable financial flexibility. This conservatism cushions earnings through cycles, supports capital allocation for reinvestment or dividends, and preserves borrowing capacity for strategic moves without stressing cash flows.
Read all positive factors
China Resources Beverage (Holdings) Company Limited (2460) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$20.91B
Dividend Yield6.3%
Average Volume (3M)4.85M
Price to Earnings (P/E)22.6
Beta (1Y)0.60
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees10,970
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,398,196,500
10 Day Avg. Volume5,034,206
30 Day Avg. Volume4,847,892
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)2.02
Price to Sales (P/S)2.02
P/FCF Ratio1.37K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$12.40Price Target Upside39.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China Resources Beverage (Holdings) Company Limited Business Overview & Revenue Model
Company Description
China Resources Beverage (Holdings) Co., Ltd. operates as an investment holding company, which engages in manufacturing and distribution of packaged drinking water and non-alcoholic beverages. The company was founded on July 4, 1995 and is headqua...
How the Company Makes Money
The company makes money primarily by selling branded packaged beverages to customers in China. Its core revenue stream is product sales, led by packaged drinking water and complemented by other ready-to-drink beverage categories (specific sub-cate...
China Resources Beverage (Holdings) Company Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.72B | 13.52B | 13.51B | 12.62B | 11.34B |
| Gross Profit | 4.90B | 6.40B | 6.04B | 5.26B | 4.97B |
| EBITDA | 1.61B | 2.80B | 2.38B | 1.70B | 1.48B |
| Net Income | 959.84M | 1.64B | 1.33B | 989.81M | 858.14M |
Balance Sheet | |||||
| Total Assets | 15.40B | 18.69B | 13.00B | 10.60B | 9.09B |
| Cash, Cash Equivalents and Short-Term Investments | 6.40B | 10.65B | 4.37B | 2.80B | 1.89B |
| Total Debt | 43.03M | 56.68M | 35.99M | 27.55M | 32.70M |
| Total Liabilities | 4.08B | 6.83B | 5.63B | 4.71B | 4.50B |
| Stockholders Equity | 10.73B | 11.30B | 6.90B | 5.57B | 4.58B |
Cash Flow | |||||
| Free Cash Flow | 15.84M | -590.97M | -593.56M | -14.42M | 512.51M |
| Operating Cash Flow | 1.51B | 1.39B | 1.72B | 844.93M | 827.19M |
| Investing Cash Flow | -2.09B | -2.97B | -2.09B | 1.22M | 681.95M |
| Financing Cash Flow | -3.83B | 5.16B | -60.60M | -21.20M | -19.47M |
China Resources Beverage (Holdings) Company Limited Technical Analysis
Negative
8.91
Price Trends
9.76
Negative
10.04
Negative
10.69
Negative
Market Momentum
-0.22
Negative
34.61
Neutral
42.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2460, the sentiment is Negative. The current price of 8.91 is below the 20-day moving average (MA) of 9.05, below the 50-day MA of 9.76, and below the 200-day MA of 10.69, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 34.61 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2460.
China Resources Beverage (Holdings) Company Limited Peers Comparison
UnderperformOutperform
Sector (62)
HK:2460
China Resources Beverage (Holdings) Company Limited
8.72
-4.64
-34.73%
HK:1115
Tibet Water Resources
0.50
0.19
59.68%
HK:6868
Tenfu (Cayman) Holdings Co
2.86
-0.39
-11.92%
China Resources Beverage (Holdings) Company Limited Corporate Events
China Resources Beverage Adopts Alternative Public Float Threshold After Director Share Purchases
Mar 27, 2026
China Resources Beverage has shifted to using the Hong Kong Stock Exchange’s alternative public float threshold after directors purchased 162,800 shares in the market, marginally reducing the proportion of shares held by the public. The publ...
China Resources Beverage Profit Falls in 2025 but Dividends Maintained
Mar 26, 2026
China Resources Beverage (Holdings) Company Limited, a major Chinese packaged drinks producer, manufactures and sells a range of beverage products across mainland China. The group operates within the fast-moving consumer goods sector, leveraging i...
China Resources Beverage Declares Final 2025 Dividend With Currency Option
Mar 26, 2026
China Resources Beverage (Holdings) Company Limited has declared a final ordinary dividend of RMB 0.088 per share for the financial year ended 31 December 2025, reflecting its latest move to return capital to shareholders. The payout, subject to s...
China Resources Beverage Declares Special Dividend with Dual-Currency Option
Mar 26, 2026
China Resources Beverage (Holdings) Company Limited has declared a special cash dividend of RMB 0.165 per share for the financial year ending 31 December 2025, underscoring its strong cash position and willingness to return capital to shareholders...
China Resources Beverage Executives Launch Personal Share-Buying Plan
Mar 26, 2026
China Resources Beverage (Holdings) Company Limited has announced that its chairman, key executive directors, the chief financial officer, and other senior managers plan to increase their personal shareholdings in the company. The group’s le...
China Resources Beverage Sets March Board Meeting to Review 2025 Results and Dividends
Mar 16, 2026
China Resources Beverage has scheduled a board meeting for March 26, 2026, in order to review and approve its consolidated annual results for the financial year ended December 31, 2025. The board will also consider proposing a final dividend and a...
China Resources Beverage Flags 40% Profit Drop on Strategic Investments
Mar 11, 2026
China Resources Beverage has warned that profit attributable to shareholders for 2025 is expected to decline by about 40% from RMB1.64 billion in 2024, based on preliminary unaudited figures. The company attributes the drop mainly to increased mar...
China Resources Beverage Signals Payout of At Least 90% of 2025 Profits as Dividends
Mar 11, 2026
China Resources Beverage has announced that its board expects to declare both a final dividend for the year ending 31 December 2025 and a special dividend, alongside the interim dividend already anticipated for that year. The company plans that th...
China Resources Beverage Names Veteran Insider as New CFO After Wu Xia Resigns
Feb 13, 2026
China Resources Beverage has announced a leadership change in its finance function, with chief financial officer Wu Xia stepping down effective February 13, 2026, citing other work arrangements and confirming there is no disagreement with the boar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.