China Resources Drinks (02460) announced interim results, with shareholders accounting for 592 million yuan in profit and unswervingly implementing the brand-driven development strategy

According to the Zhitong Finance App, China Resources Drinks (02460) announced interim results for the six months ended June 30, 2026. The group obtained revenue of RMB 5.455 billion (same unit), a year-on-year decrease of 12.09%; profit attributable to the company's owners was 592 million yuan, a year-on-year decrease of 26.43%; basic profit per share was 0.25 yuan, and an interim dividend of 0.087 yuan per share was proposed.

Looking back at the packaged drinking water business in the first half of 2026, we continue to actively respond to market competition and explore business growth around dimensions such as product innovation, packaging optimization, and channel construction. In the first half of 2026, “Yibao” promoted the launch of new multi-package products, with “plus more value” as the core selling point to respond to market competition in a differentiated manner; at the same time, it adapted to industry trends and promoted an increase in the share of film packaging products to reduce costs and increase efficiency, implement green environmental protection, and meet the needs of more diversified marketing strategies. “Benyou” adjusts sales strategies, seizes price depressions, attacks the sinking market, and expands sales scale; at the same time, it develops Benyou special distributors to flatten channel links and enhance channel competitiveness. The 210ml pocket product is suitable for immediate drinking scenarios such as short trips and meal preparation to meet portable consumption needs, and initial results were achieved in market sales; in the first half of the year, sales increased to the packaged water business by continuously expanding the scope of sales. In the second half of the year, the Group will continue to strengthen its product matrix, expand sales areas for large packaging products, strengthen the development of emerging channels, explore incremental market coverage, and help develop the packaged water business.

In recent years, while maintaining the steady development of the packaged drinking water business, the Group has continued to promote the development of the beverage business. In the first half of 2026, the Group launched a total of 3 new SKUs in the beverage sector. “Clean at the beginning”, “Savory Tea Ceremony”, and “Holiday Moment” continue to expand the rich flavors and product specifications to meet the drinking needs of consumers in various scenarios such as instant drinking and sharing. During the reporting period, beverage products recorded revenue of RMB 617.3 million, down 35.4% from the same period last year, accounting for 11.3% of the Group's total revenue during the reporting period. The beverage business was under pressure in stages, and after channel and price management adjustments were implemented, the health of the business improved markedly.

Looking ahead to the second half of the year, industry opportunities and challenges are intertwined, and consumer demand is becoming more and more diverse. Health, safety, and high quality and price ratio are still important requirements for beverage consumption. At the same time, the market places more importance on scenario adaptation and consumer experience, putting higher demands on industry operations. The Group will unswervingly implement a brand-driven development strategy and promote the business layout closely around the core demands of consumers: on the one hand, continue to improve the packaged drinking water product system covering all scenarios, deeply cultivate growth categories such as plant drinks and instant tea, and actively create a second growth curve; on the other hand, continue to expand the coverage of terminal outlets, improve channel efficiency and quality, rely on national sports IP core brand assets, and simultaneously promote young brand operation, conveying brand value close to young consumer groups and steadily expanding brand market awareness. The Group will rely on a product matrix adapted to diverse consumer needs and an efficient and collaborative channel system to continuously consolidate the foundation for long-term development and continuously enhance the overall competitiveness of the industry.