China Resources Beverage (Holdings) Co Ltd

02460: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CR Beverage Earnings: Weaker Sales and Higher Marketing Spending Weigh on Results; Valuation Cut 7%

Chokwai Lee , Nicole Lim

Aug 27, 2026

China Resources Beverage's first-half revenue declined 12% year on year to CNY 5.5 billion while gross profit fell 10% to CNY 2.6 billion. Gross margin increased 1 percentage point to 48%, but selling and distribution expenses rose to 33% of revenue from 30% a year ago.

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China Resources Beverage (Holdings) Co Ltd

CR Beverage Earnings: Weaker Sales and Higher Marketing Spending Weigh on Results; Valuation Cut 7%

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