Soft Drinks and Non-alcoholic Beverages

CR BEVERAGE

Wang Degang Increased Holdings in China Resources Beverages

Goldman Sachs Downgrades Huaren Beverage's Forecast, Company Announces Positive Growth Goals for 2026 Packaging Water Business

China Resources Beverage Chooses Alternative Threshold to Comply with Listing Rules

Company Announces 2025 Annual Report and Implements Channel Adjustments and Increased Promotions

CR BEVERAGE released FY2025 Q3 earnings on March 26, 2026 (BJT), actual revenue HKD 2.622 B, actual EPS HKD 0.0406

CR BEVERAGE released FY2024 Q4 earnings on March 26 (BJT), actual revenue HKD 3.141 B, actual EPS HKD 0.126

CR BEVERAGE released FY2025 9 Months earnings on March 26, 2026 (BJT), actual revenue HKD 9.341 B, actual EPS HKD 0.404

CR BEVERAGE released FY2024 Q3 earnings on March 26 (BJT), actual revenue HKD 3.273 B, actual EPS HKD 0.1313

CR BEVERAGE released FY2024 9-month earnings on March 26 (BJT), actual revenue HKD 11.49 B, actual EPS HKD 0.74

Huaren Beverage Sees Double Decline in Revenue and Profit in 2025

Senior Executives of China Resources Beverage to Purchase Shares

CR BEVERAGE released FY2025 annual earnings on March 26 Pre-Market (BJT), actual revenue HKD 0 (forecast HKD 12.71 B), actual EPS HKD 0 (forecast HKD 0.4932)

CR BEVERAGE released FY2025 Q4 earnings on March 26 Pre-Market (BJT), actual revenue HKD 2.667 B, actual EPS HKD 0.0413

CR BEVERAGE to release FY2025 earnings on March 26 Pre-Market (BJT), forecast revenue HKD 12.97 B, EPS HKD 0.5034

CIMB Securities Maintains 'Buy' Rating on Wahaha Drinks (Holdings) Ltd., Sets Target Price at HKD 11.87

West China Securities Upgrades Sinopharm Beverage to 'Outperform'

Huahua Beverage Plans to Relocate Registration to Hong Kong to Reduce Compliance Complexity

Huaren Beverage Reports Declining Revenue, Expands into Beverage Market

UBS downgrades China Resources Beverage's rating to 'neutral'

Huawei Beverage Listed in China's Top 50 ESG Listed Companies in the Greater Bay Area

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China Resources Beverage (Holdings) Company Limited has announced its 2026 annual general meeting as an online-only event. Shareholders will vote on adopting the 2025 audited financial statements, approving a final dividend of RMB0.088 per share, and a special dividend of RMB0.165 per share. The meeting will also address the re-election of directors, reappointment of Deloitte as auditor, and granting mandates for share repurchase and issuance. The latest analyst rating for the stock is a Buy with a price target of HK$11.09.

Tip Ranks

China Resources Beverage Sets Virtual AGM With Dividend Payouts and Share Mandates

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The recent announcement by Asia Pacific Breweries Singapore (APBS) to cut 130 jobs and relocate Tiger Beer production to Malaysia and Vietnam has sparked discussions about the brand's identity. Despite being brewed abroad, Tiger Beer remains a symbol of Singaporean pride and is marketed internationally. Critics worry about the dilution of its identity, but global examples suggest that production location may not significantly impact brand perception. APBS aims to maintain its Singaporean roots through local headquarters and cultural investments, ensuring Tiger Beer remains associated with Singapore.

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Heavitree Brewery PLC

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Anheuser-Busch InBev NV

Commentary: Tiger Beer does not need to be brewed locally to be a Singapore icon

The Lyon Research Report pointed out that CR BEVERAGE's sales fell by 18.6% to 11 billion yuan last year, and net profit decreased by 39.8% to 985 million yuan, in line with the profit warning. Management expects sales to grow steadily this year, but high PET prices may impact profit margins. The bank has lowered its earnings forecasts for 2026 and 2027 by 19% and 22%, respectively, and reduced the target price from HKD 13.1 to HKD 10.7, maintaining an "outperform" rating

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In "The Big Banks," Citigroup lowered the target price for CR BEVERAGE to 10.7 yuan, as high PET prices may affect profit margins

HSBC Research has lowered the target price for CR BEVERAGE to 8 yuan and reduced the earnings forecast for 2026 to 2027 by 33% to 34%. The report pointed out that CR BEVERAGE's performance last year did not meet expectations, with revenue and net profit falling short of forecasts by 5.4% and 17.1%, respectively. Although revenue is expected to stabilize this year, profitability still faces challenges, mainly due to intensified competition and rising costs. The bank maintains a "Reduce" rating

"Large Banks" Huayan lowered the target price for CR BEVERAGE to 8 yuan and cut earnings forecasts, maintaining a "Reduce" rating

Goldman Sachs lowered the target price for CR BEVERAGE to HKD 8.5 and reduced the earnings forecast by 9% to 14%. The firm believes that market competition is intense, and sales forecasts for 2026 to 2028 have been cut by 2% to 4%. CR BEVERAGE plans to restore positive growth in its bottled water business by 2026 and focus on expanding new product lines to adapt to changing consumer preferences. At the same time, the company will implement cost-saving measures to address raw material inflation pressures and optimize channel strategies to enhance sales capabilities

Goldman Sachs lowered the target price for CR BEVERAGE to 8.5 yuan and downgraded the earnings forecast, maintaining a "Neutral" rating

Huatai Securities has maintained a Buy rating on China Resources Beverage (Holdings) Company Limited (2460), setting a price target of HK$15.01. The shares closed at HK$9.01. The overall analyst consensus for the company is a Strong Buy, with an average price target of HK$11.68.

China Resources Beverage (Holdings) Company Limited (2460) Gets a Buy from Huatai Securities

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Nomura has lowered the target price for CR BEVERAGE to 44.1 yuan, maintaining a "Buy" rating. The report pointed out that CR BEVERAGE's revenue last year decreased by 2% year-on-year to 38 billion yuan, and profit fell by 29% to 3.4 billion yuan, mainly due to a decline in beer business prices and losses in the liquor business. Adjusted EBITDA was 9.9 billion yuan, a year-on-year increase of 9.9%. Revenue from the beer business was 36.5 billion yuan, with a gross margin increase of 1.4 percentage points. The liquor business is expected to remain weak in 2025, with significant declines in both revenue and EBITDA

CHINA RES BEER

China Merchants Guozheng Food and Beverage ETF

Nomura lowers the target price for CR BEVERAGE to 44.1 yuan, rating it as "Buy"

The Investment Promotion Agency collaborates with the Food and Environmental Hygiene Department to assist China Resources Enterprise in launching the first 24-hour smart dining robot in Hong Kong, achieving fully automated operations. The Director of the Investment Promotion Agency, Liu Kaixuan, emphasized optimizing Hong Kong's business environment and promoting the industrialization of artificial intelligence. Zhang Linjun, Deputy General Manager of China Resources Venture Capital, stated that they will leverage resource advantages to help mainland brands establish technology and operational systems in Hong Kong, expand smart dining businesses, and provide diversified dining options

The Investment Promotion Agency and the Food and Environmental Hygiene Department collaborate across departments to assist Chinese-funded enterprises in Hong Kong in launching the first smart dining robot

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Han Song, a member of the Party Committee and Deputy General Manager of China Resources (Group) Co., Ltd., is suspected of serious violations of discipline and law, has voluntarily surrendered, and is currently undergoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission. (CCTV News)

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Han Song, Deputy General Manager of China Resources Group, is under investigation

CR BEVERAGE(02460.HK)