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CICC: Maintain a "Outperform Industry" rating for China Resources Beverage (02460) with a Target Price of 16.8 Hong Kong dollars.
The bank expects clear improvement in profit margins in the next 3-5 years, and net income in 2025 is likely to continue to grow significantly.
China Resources Beverage (02460) will distribute a final dividend of 0.307 yuan per share on July 24.
China Resources Beverage (02460) announced that the company will distribute a final dividend of 0... per share on July 24, 2025.
China Resources Beverage 2024 Net Rose on Higher Revenue, Lower Finance Costs
China Resources Beverage 2024 Rev CNY13.52B Vs. CNY13.51B >2460.HK
China Resources Beverages (02460.HK) reported a steady increase in revenue to 13.521 billion yuan for the 2024 fiscal year, with net income growing by 23.12% year-on-year.
On March 21, Gelonghui reported that China Resources Beverage (02460.HK) announced its annual performance for the year ending December 31, 2024. The company's revenue was 13.521 billion yuan, a year-on-year increase of 0.05%. Among this, the revenue from packaged drinking water products accounted for 89.7% of the total revenue, while the revenue from beverage products accounted for 10.3%. Due to frequent rainfall during the peak season of the third quarter in 2024, sales were temporarily affected. The company responded to external challenges through various measures including the launch of new products, expanding channel depth and breadth, strengthening brand building, and improving the supply chain, resulting in steady annual sales growth.
Express News | China Resources Beverage - Expansion of Consumer Market Expected to Be Further Strengthened in 2025
