China Resources Beverage (Holdings) Company Limited (2460) AI Stock Analysis

• Market Cap: HK$28.42B
• Dividend Yield: 5.73%
• Average Volume (3M): 15.76M
• Price to Earnings (P/E): 13.8
• Beta (1Y): 0.84
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 10,970
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 0.20
• Shares Outstanding: 2,398,196,500
• 10 Day Avg. Volume: 7,972,147
• 30 Day Avg. Volume: 15,759,575
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$12.30
• Price Target Upside: 3.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 70 Outperform
• Price Target: HK$12.50 ▲(5.31% Upside)

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

Capacity Expansion

The company has lifted its 2025 self-owned capacity proportion target to 70% from 60%, which should support sustained high growth in profit.

Profit Growth

Net profit rose 23.1% YoY to RMB1.6bn, or 25% excluding listing costs, beating CMBI's estimate by 4%, as gross margin rose 3pct to 47.3% on a higher proportion of self-owned capacity.

Negative Factors

Consumer Sentiment

Beverage revenue rose 31%, shy of the 40% guidance, impacted by weak consumer sentiment and capacity constraints.

Economic Risks

Key risks include an economic downturn, price wars, food quality and safety risks, and raw material price fluctuations.

Revenue Performance

FY24 revenue was flat YoY at RMB13.5bn, missing CMBI's forecast by 6% due to stiffer packaged water competition and headwinds from the consumption climate, extreme weather in core areas and capacity limits of beverage products.

China Resources Beverage (Holdings) Company Limited Business Overview & Revenue Model

Company Description

China Resources Beverage (Holdings) Company Limited, commonly known as CR Beverage, is a prominent player in the beverage industry, primarily operating in the non-alcoholic beverage sector. The company is renowned for its flagship brand, C'estbon, which is one of the leading bottled water brands in China. CR Beverage is a subsidiary of the state-owned conglomerate China Resources Group and focuses on providing a wide range of beverage products including bottled water, tea, energy drinks, and soft drinks, catering to the diverse preferences of consumers across China.

How the Company Makes Money

China Resources Beverage generates revenue primarily through the sale of its beverage products. The company's flagship product, C'estbon bottled water, is a significant contributor to its revenue stream, leveraging its strong brand presence and widespread distribution network across China. Additionally, CR Beverage diversifies its income through the sale of other non-alcoholic beverages such as tea, energy drinks, and soft drinks. The company benefits from strategic partnerships and extensive distribution channels, which enhance its market reach and consumer penetration. Furthermore, the company's affiliation with China Resources Group provides it with ample resources and support to maintain competitive pricing and efficient supply chain operations, further strengthening its revenue potential.

China Resources Beverage (Holdings) Company Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

China Resources Beverage (Holdings) Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2460	70 Outperform	HK$28.42B	13.84		5.73%	―	―
6868	65 Neutral	HK$3.12B	24.49	6.81%	3.57%	-16.51%	-35.38%
Sector *	63 Neutral	HK$13.78B	10.03	-9.21%	5.38%	9.60%	-85.26%
1115	52 Neutral	HK$2.46B	―	-21.94%	―	-29.75%	-62.96%

China Resources Beverage (Holdings) Company Limited Corporate Events

China Resources Beverage Issues Profit Warning Amid Strategic Adjustments

China Resources Beverage (Holdings) Company Limited has issued a profit warning, anticipating a 20% to 30% decline in net profit for the first half of 2025 compared to the same period in 2024. This decrease is attributed to increased marketing investments, product portfolio adjustments, and channel changes, which have temporarily impacted profits. The company is taking measures to stabilize the market, launch new non-water beverages, and optimize operations to mitigate these effects.

The most recent analyst rating on (HK:2460) stock is a Buy with a HK$18.84 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.

China Resources Beverage Announces Expected Interim Dividend for 2025

China Resources Beverage (Holdings) Company Limited has announced its expectation to declare an interim dividend for the first half of 2025, reflecting its commitment to providing consistent returns to shareholders. The company assures stakeholders of its sustainable financial position, with sufficient liquidity and retained earnings to support the dividend, while also maintaining capital for ongoing operations and strategic initiatives.

The most recent analyst rating on (HK:2460) stock is a Buy with a HK$18.84 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.

China Resources Beverage Announces Special Dividend Update

China Resources Beverage (Holdings) Company Limited has announced an update regarding a special dividend for the financial year ending December 31, 2024. The dividend declared is RMB 0.176 per share, with shareholders having the option to receive it in HKD at an exchange rate of RMB 1 to HKD 1.09153. The announcement includes key dates for shareholders, such as the ex-dividend date on June 12, 2025, and the payment date on July 24, 2025. This move is likely to impact the company’s financial positioning and provide returns to its stakeholders.

The most recent analyst rating on (HK:2460) stock is a Buy with a HK$18.84 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.

China Resources Beverage Passes Key Resolutions at AGM

China Resources Beverage (Holdings) Company Limited announced the successful passage of all resolutions at its Annual General Meeting held on June 6, 2025. Key resolutions included the adoption of financial statements, declaration of dividends, re-election of directors, reappointment of auditors, and granting of mandates to repurchase and issue shares. These decisions reflect the company’s strategic focus on maintaining financial health, rewarding shareholders, and ensuring effective governance.

The most recent analyst rating on (HK:2460) stock is a Buy with a HK$18.61 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.

China Resources Beverage Updates Final Dividend for 2024

China Resources Beverage (Holdings) Company Limited announced an update to its final dividend for the year ended 31 December 2024. The dividend is set at RMB 0.307 per share, with an option for payment in HKD at a rate of HKD 0.335 per share. Shareholders’ approval was obtained on 06 June 2025, and the payment date is scheduled for 24 July 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence its market positioning positively.

The most recent analyst rating on (HK:2460) stock is a Buy with a HK$18.61 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.

China Resources Beverage Changes Venue for 2025 AGM

China Resources Beverage (Holdings) Company Limited has announced a change in the venue for its Annual General Meeting (AGM) scheduled for June 6, 2025. The meeting will now be held at the InterContinental Shenzhen in Guangdong Province. Despite the change in location, all other details regarding the AGM, including the date, time, and agenda, remain unchanged. Shareholders are advised to take note of the new venue if they plan to attend in person.

The most recent analyst rating on (HK:2460) stock is a Buy with a HK$18.84 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.

China Resources Beverage Announces 2025 AGM Agenda

China Resources Beverage (Holdings) Company Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 6, 2025, in Hong Kong. Key agenda items include the adoption of financial statements for 2024, the declaration of final and special dividends, re-election of directors, re-appointment of auditors, and granting of mandates for share repurchase and issuance. These resolutions aim to strengthen the company’s governance and financial strategies, potentially impacting its market position and shareholder value.

The most recent analyst rating on (HK:2460) stock is a Buy with a HK$18.84 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.