China Resources Beverage (Holdings) Co. Ltd. logo

China Resources Beverage (Holdings) Co. Ltd.

2460.HK

HKSEConsumer DefensiveBeverages - Non-Alcoholic

Latest quote

HK$7.545

−HK$0.085 · -1.11%

Aug 24, 4:08 PM HKT

2460.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Resources Beverage (Holdings) Co., Ltd. operates as an investment holding firm, primarily focusing on the manufacturing and distribution of bottled water and a variety of non-alcoholic refreshments. The company was established on July 4, 1995, and its headquarters are located in Shenzhen, China.

Industry
Beverages - Non-Alcoholic
Sector
Consumer Defensive
Headquarters
CN
CEO
Shuqing
Listed since
Oct 23, 2024
Employees
11,374

Market position

Day range

Current HK$7.545

52-week range

Current HK$7.545

Open
HK$7.63
Previous close
HK$7.63
Volume
781K
0.4× average
Average volume
1.94M
Average daily volume
Market cap
18.09B HKD
Beta
0.9
Market reference 1
50-day average
HK$7.6298
-1.11% below average
200-day average
HK$9.1692
-17.71% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
16.02×
P/B (TTM)
1.45×
P/S (TTM)
1.44×
Dividend yield
5.55%

Profitability & efficiency

Gross margin
45.67%
Operating margin
7.55%
Net margin
8.95%

Financial health

Debt / equity

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%35%19%4%Gross margin, FY2021: 43.84%Gross margin, FY2022: 41.66%Gross margin, FY2023: 44.66%Gross margin, FY2024: 47.31%Gross margin, FY2025: 45.68%Operating margin, FY2021: 8.78%Operating margin, FY2022: 9.15%Operating margin, FY2023: 12.19%Operating margin, FY2024: 15.17%Operating margin, FY2025: 7.56%Net margin, FY2021: 7.57%Net margin, FY2022: 7.84%Net margin, FY2023: 9.84%Net margin, FY2024: 12.10%Net margin, FY2025: 8.96%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.84%. Gross margin FY2022 41.66%. Gross margin FY2023 44.66%. Gross margin FY2024 47.31%. Gross margin FY2025 45.68%. Operating margin FY2021 8.78%. Operating margin FY2022 9.15%. Operating margin FY2023 12.19%. Operating margin FY2024 15.17%. Operating margin FY2025 7.56%. Net margin FY2021 7.57%. Net margin FY2022 7.84%. Net margin FY2023 9.84%. Net margin FY2024 12.10%. Net margin FY2025 8.96%.

Income trends

Revenue

10.72B HKD-20.74%

Operating income

810.14M HKD-60.49%

Net income

959.84M HKD-41.35%
Income trends across reported periods14.79B HKD9.71B HKD4.62B HKD−460.97M HKDRevenue, FY2021: 11.34B HKDRevenue, FY2022: 12.62B HKDRevenue, FY2023: 13.51B HKDRevenue, FY2024: 13.52B HKDRevenue, FY2025: 10.72B HKDOperating income, FY2021: 995.36M HKDOperating income, FY2022: 1.16B HKDOperating income, FY2023: 1.65B HKDOperating income, FY2024: 2.05B HKDOperating income, FY2025: 810.14M HKDNet income, FY2021: 858.14M HKDNet income, FY2022: 989.81M HKDNet income, FY2023: 1.33B HKDNet income, FY2024: 1.64B HKDNet income, FY2025: 959.84M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 11.34B HKD. Revenue FY2022 12.62B HKD. Revenue FY2023 13.51B HKD. Revenue FY2024 13.52B HKD. Revenue FY2025 10.72B HKD. Operating income FY2021 995.36M HKD. Operating income FY2022 1.16B HKD. Operating income FY2023 1.65B HKD. Operating income FY2024 2.05B HKD. Operating income FY2025 810.14M HKD. Net income FY2021 858.14M HKD. Net income FY2022 989.81M HKD. Net income FY2023 1.33B HKD. Net income FY2024 1.64B HKD. Net income FY2025 959.84M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue10.72B HKD13.52B HKD13.51B HKD12.62B HKD11.34B HKD
Cost of goods sold5.82B HKD7.12B HKD7.48B HKD7.36B HKD6.37B HKD
Gross profit4.9B HKD6.4B HKD6.04B HKD5.26B HKD4.97B HKD
Research and development74.94M HKD53.35M HKD61.51M HKD49.18M HKD59.03M HKD
Selling, general, and administrative4.01B HKD4.35B HKD4.39B HKD2.27B HKD2.16B HKD
Operating expenses4.09B HKD4.35B HKD4.39B HKD4.1B HKD3.98B HKD
Interest income272.19M HKD167.52M HKD193.58M HKD148.7M HKD179.05M HKD
Interest expense1.81M HKD2.44M HKD42.52M HKD1.62M HKD1.78M HKD
Depreciation and amortization802.16M HKD575.29M HKD463.84M HKD325.74M HKD272.15M HKD
Operating income810.14M HKD2.05B HKD1.65B HKD1.16B HKD995.36M HKD
Net income959.84M HKD1.64B HKD1.33B HKD989.81M HKD858.14M HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
1 beat, 1 miss, 0 met estimates
Average EPS surprise
+3.72%
2 comparable reports
Latest EPS result
0.09
Estimate 0.08 · Beat by 14.29%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.440.30.170.03Q3 '25MissQ1 '26BeatQ3 '26Estimate
Q3 2025, reported Aug 29, 2025: actual 0.373, estimate 0.4, surprise -6.85%, Miss. Q1 2026, reported Mar 26, 2026: actual 0.089, estimate 0.078, surprise +14.29%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 0.035, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates8.09B7.07B6.05B5.03BQ3 '25MissQ1 '26MissQ3 '26Estimate
Q3 2025, reported Aug 29, 2025: actual 6.8B HKD, estimate 7.78B HKD, surprise -12.63%, Miss. Q1 2026, reported Mar 26, 2026: actual 5.34B HKD, estimate 5.46B HKD, surprise -2.29%, Miss. Q3 2026, reported Aug 26, 2026: actual —, estimate 6.6B HKD, surprise —, Comparison unavailable.

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