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:70Outperform
Price Target:
HK$11.00
▲(22.63% Upside)
Action:ReiteratedDate:07/29/25
China Resources Beverage's strong financial performance is the primary driver of the overall score, supported by robust revenue and profit growth. Valuation metrics are favorable, with an attractive dividend yield. However, technical indicators suggest a bearish trend, which presents a risk to the stock's near-term performance.
Positive Factors
Very low leverage and strong equity base
Extremely low leverage and a high equity ratio provide durable financial flexibility, reducing refinancing and interest-rate risks. A 14.5% ROE indicates effective capital deployment, supporting capacity to invest in growth or sustain dividends over the medium term.
Negative Factors
Operating cash flow weakness vs. earnings
Operating cash flow falling short of net income and declining to $1.39bn signals weaker cash conversion. Over the medium term this can constrain funding for capex, dividends or debt repayment despite accounting profitability, reducing financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and strong equity base
Extremely low leverage and a high equity ratio provide durable financial flexibility, reducing refinancing and interest-rate risks. A 14.5% ROE indicates effective capital deployment, supporting capacity to invest in growth or sustain dividends over the medium term.
Read all positive factors
China Resources Beverage (Holdings) Company Limited (2460) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$21.51B
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 Ratio0.36
Price to Book (P/B)2.02
Price to Sales (P/S)1.69
P/FCF Ratio-38.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$11.83Price Target Upside31.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
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
China Resources Beverage generates revenue through multiple key streams, primarily from the sale of its beverage products. The company’s revenue model is driven by the volume of products sold, which is supported by its established brand presence a...
China Resources Beverage (Holdings) Company Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.67B | 13.52B | 13.51B | 12.62B | 11.34B |
| Gross Profit | 3.11B | 6.40B | 6.04B | 5.26B | 4.97B |
| EBITDA | 1.54B | 2.80B | 2.38B | 1.70B | 1.48B |
| Net Income | 864.80M | 1.64B | 1.33B | 989.81M | 858.14M |
Balance Sheet | |||||
| Total Assets | 20.68B | 18.69B | 13.00B | 10.60B | 9.09B |
| Cash, Cash Equivalents and Short-Term Investments | 12.39B | 10.65B | 4.37B | 2.80B | 1.89B |
| Total Debt | 65.71M | 56.68M | 35.99M | 27.55M | 32.70M |
| Total Liabilities | 9.23B | 6.83B | 5.63B | 4.71B | 4.50B |
| Stockholders Equity | 10.87B | 11.30B | 6.90B | 5.57B | 4.58B |
Cash Flow | |||||
| Free Cash Flow | 1.92B | -590.97M | -593.56M | -14.42M | 512.51M |
| Operating Cash Flow | 2.59B | 1.39B | 1.72B | 844.93M | 827.19M |
| Investing Cash Flow | -327.67M | -2.97B | -2.09B | 1.22M | 681.95M |
| Financing Cash Flow | 4.19M | 5.16B | -60.60M | -21.20M | -19.47M |
China Resources Beverage (Holdings) Company Limited Technical Analysis
Negative
8.97
Price Trends
9.97
Negative
10.18
Negative
10.81
Negative
Market Momentum
-0.35
Positive
33.85
Neutral
33.84
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 8.97 is below the 20-day moving average (MA) of 9.41, below the 50-day MA of 9.97, and below the 200-day MA of 10.81, indicating a bearish trend. The MACD of -0.35 indicates Positive momentum. The RSI at 33.85 is Neutral, neither overbought nor oversold. The STOCH value of 33.84 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
8.97
-4.24
-32.10%
HK:1115
Tibet Water Resources
0.49
0.19
63.33%
HK:6868
Tenfu (Cayman) Holdings Co
2.89
-0.39
-11.81%
China Resources Beverage (Holdings) Company Limited Corporate Events
China Resources Beverage Reshapes Top Leadership, Appoints Gao Li as Chairman
Jan 14, 2026
China Resources Beverage (Holdings) Company Limited announced a leadership reshuffle effective 14 January 2026, with executive director and board chairman Zhang Weitong stepping down from all his roles, including chairman of the nomination committ...
China Resources Beverage Discloses Board and Committee Composition
Jan 14, 2026
China Resources Beverage (Holdings) Company Limited has announced the current composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive directors and specifying the leadership roles of Chair...
China Resources Beverage Announces New Framework Loan Agreements
Dec 11, 2025
China Resources Beverage (Holdings) Company Limited has entered into two Framework Loan Agreements with CRH and CRI, effective from 2026 to 2028. These agreements involve offshore and onshore loan arrangements, with specific terms regarding lender...
China Resources Beverage Announces Board and Committee Changes
Dec 8, 2025
China Resources Beverage (Holdings) Company Limited announced a change in its board of directors and committee compositions. Ms. CAO Yue has resigned from her roles due to other work arrangements, and Mr. WANG Te-kang, with over 34 years of indust...
China Resources Beverage Announces Board Composition and Committee Roles
Dec 8, 2025
China Resources Beverage (Holdings) Company Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The company has also detailed the membership of its four...
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.
Disclaimer
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.