Core Viewpoint - China Resources Beverage officially launched the "Yibao Baby Rebirth Plan" 2025 action in Shenzhen, marking the start of the third year of the project [1] Group 1: Project Launch and Partnerships - The initiative collaborates with "Love Recycling," a leading smart recycling platform, to kick off the "Recycling and Rebirth" public welfare action [1] - The partnership utilizes over 30,000 smart recycling devices nationwide, enabling the recycling initiative to launch simultaneously in 30 cities [1] Group 2: Public Engagement and Impact - Over the past two years, the "Yibao Baby Rebirth Plan" has engaged the public through exhibitions, workshops, and interactive activities, attracting 69,857 citizens to become "Rebirth Partners" in cities like Chengdu, Wuhan, and Shanghai [1] - The "Rebirth Partner" system has been upgraded to integrate diverse social forces into a nationwide environmental protection ecosystem [1] Group 3: Commitment to Sustainability - China Resources Beverage aims to deepen the full-chain practice of "Recycling - Rebirth - New Life," collaborating with various societal forces to support the construction of a circular economy system [1] - The company promotes a green and sustainable lifestyle as a new social trend [1]

Core Viewpoint - The parent company of Yibao, China Resources Beverage, is experiencing a significant decline in performance, with a projected net profit drop of 20%-30% for the first half of 2025 compared to the previous year, highlighting the company's current operational pressures [1][2][4]. Financial Performance - China Resources Beverage expects its net profit for the first half of 2025 to be between 790 million to 902 million yuan, marking a substantial decline from the same period last year [1]. - The company's net profit is anticipated to fall below market expectations, which had predicted a double-digit year-on-year growth [4]. Reasons for Decline - The primary reasons for the profit decline include intensified competition in the packaged water industry, leading to higher sales and distribution expenses, and changes in product mix resulting in lower gross margins [4]. - Rising costs of core raw materials such as sugar, packaging materials, and logistics have continued to pressure profit margins, making it difficult for the company to pass on these costs to consumers [5]. Industry Context - The domestic bottled water and beverage market is highly competitive, with traditional giants like Nongfu Spring and emerging brands like Yuanqi Forest intensifying the competition, thereby squeezing market share for established players like Yibao [7]. - China Resources Beverage has been investing in new product development, channel refinement, and brand rejuvenation to seek long-term growth, although these strategic investments increase short-term expenses and pressure current profits [7]. Management Changes - The company has undergone a significant management change, with Zhang Jianmin appointed as a non-executive director and member of the remuneration and assessment committee, bringing over 20 years of experience in asset management and corporate governance [1][8]. - Zhang Jianmin's expertise is expected to assist the board in evaluating current strategies, enhancing governance, and identifying potential synergies within the China Resources Group [8]. Future Outlook - The company aims to stabilize the terminal market and develop a second growth curve for non-water beverages while implementing cost control measures to mitigate negative impacts [7]. - The effectiveness of Zhang Jianmin's appointment in addressing profit decline will depend on the company's ability to manage cost pressures and enhance operational efficiency in the short term while pursuing product innovation and channel transformation in the long term [9].

Market Overview - The A-share market showed strong performance with all three major indices rising, and the Shanghai Composite Index reached a new high for the year [1][2] Lithium Battery Industry - The lithium battery supply chain saw significant gains, with Tianqi Lithium and Ganfeng Lithium experiencing substantial stock price increases, and lithium carbonate futures contracts hitting the daily limit [4][6] - The price of battery-grade lithium carbonate rose by 8,000 yuan, averaging 78,000 yuan per ton [6] - The recent suspension of mining operations at CATL's Jiangxiawo lithium mine has raised concerns about supply, potentially impacting monthly supply by approximately 0.8 million tons, which accounts for 8% of domestic supply [7][8] Technology Sector - The technology sector, particularly AI and computing power supply chains, performed well, with significant gains in stocks like New Yisheng and Zhongji Xuchuang [2][9] - The humanoid robot sector surged following the World Robot Conference, with companies like Shuangyi Technology and Chaojie Co. seeing their stock prices hit the daily limit [9][12] Financial Sector - The financial sector showed active performance, with gains in brokerage, insurance, and diversified financials, while the banking sector experienced a slight decline [2] Defense and Consumer Goods - The defense and military industry, as well as the liquor and real estate sectors, contributed positively to market sentiment [2]

Group 1 - China Resources Beverage (02460) announced that Mr. Sun Yongqiang will resign as a non-executive director and a member of the remuneration and assessment committee effective from August 8, 2025 [1] - Mr. Zhang Jianmin will be appointed as a non-executive director and a member of the remuneration and assessment committee effective from August 8, 2025 [1]

Group 1 - The core point of the article is the announcement of a change in the board of directors at China Resources Beverage, with Sun Yongqiang resigning as a non-executive director and member of the remuneration and assessment committee effective August 8, 2025 [1] - Zhang Jianmin will be appointed as a non-executive director and member of the remuneration and assessment committee, also effective August 8, 2025 [1]

（以存續方式於開曼群島註冊成立的有限公司） （ 股份代號： 2460） 董事名單與其角色和職能 華潤飲料（控股）有限公司董事（「董事」）會（「董事會」）成員載列如下： 執行董事 張偉通先生 （董事會主席） 李樹清先生 （總裁） 吳霞女士 （首席財務官） 非執行董事 獨立非執行董事 周永健博士 李引泉先生 姚洋博士 鄭寶川女士 1 董事會設立四個委員會。下表提供各董事在該等委員會中所擔任的職位。 | | | 董事會委員會 | | | | --- | --- | --- | --- | --- | | | | | 薪酬與考核 | 戰略與投資 | | 董事 | 審核委員會 | 提名委員會 | 委員會 | 委員會 | | 張偉通先生 | | C | | | | 李樹清先生 | | | | M | | 吳霞女士 | | | | M | | 張建民先生 | | | M | | | 林國龍先生 | M | | | | | 肖寧先生 | | | | M | | 曹越女士 | M | | M | C | | 趙典博士 | | M | | M | | 周永健博士 | M | | M | | | 李引泉先生 | M | M | C ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （以存續方式於開曼群島註冊成立的有限公司） （ 股份代號： 2460） (1) 董事變更及董事會下屬委員會組成之變更; 及 (1) 董事變更及董事會下屬委員會組成之變更 非執行董事及薪酬與考核委員會成員之辭任 華潤飲料（控股）有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事 （「董事」）會（「董事會」）謹此宣佈，孫永強先生（「孫先生」）因其他工作安排， 自2025年8月8日起辭任非執行董事及本公司薪酬與考核委員會（「薪酬與考核委員 會」）成員職務。 孫先生已確認，彼與董事會概無意見分歧，亦無任何有關彼辭任的事宜須提呈本公司股 東及香港聯合交易所有限公司（「聯交所」）垂注。 董事會謹藉此機會衷心感謝孫先生於本集團任職期間所作出的寶貴貢獻。 委任非執行董事及薪酬與考核委員會成員 董事會進一步宣佈，張建民先生（「張先生」）自2025年8月8日起獲委任為非執行董 事及薪酬與考核委員會成員。 張先生，現年 ...

Core Viewpoint - The bottled water industry is experiencing significant market share changes, with China Resources Beverage's "Yibao" and Nongfu Spring likely to benefit from these shifts [1] Group 1: Company Insights - Nongfu Spring's unsweetened tea products are showing strong growth, with an acceleration expected in July, despite a general decline in overall demand for unsweetened tea compared to last year [1] - China Resources Beverage's "Yibao" is positioned to gain from the market share changes in the bottled water sector [1] - Master Kong Holdings' recovery in the second half of the year will depend on its marketing investment levels [1] Group 2: Industry Trends - The overall performance of liquid milk products is weak, indicating challenges within that segment of the beverage industry [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 華潤飲料（控股）有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02460 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | USD | | 0.0000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 100,000,000,000 | USD | | 0.0000005 | USD | | 50,000 | 本月 ...

Core Viewpoint - China Resources Beverage, the parent company of Yibao, has issued a profit warning, expecting a 20% to 30% decrease in net profit for the first half of the year, leading to a 13.08% drop in stock price on the announcement day [2][3][4]. Group 1: Financial Performance - The company reported a revenue of 13.52 billion yuan for the previous year, with a slight year-on-year growth of 0.05%, and a net profit of 1.637 billion yuan, which was a 23.12% increase [3]. - The beverage segment's revenue has increased to 10.3% of total revenue, marking the first time it has reached double digits, although the overall revenue from packaged water has seen a decline [4][12]. - The packaged water business accounted for 89.7% of total revenue, experiencing a 2.6% decline year-on-year, marking the first negative growth since 2018 [9]. Group 2: Market Competition - The drinking water market is facing intensified competition, particularly with the reintroduction of bottled water products by competitors like Nongfu Spring, which has led to aggressive pricing strategies [6][7]. - The price of mainstream bottled water products has dropped to around 1 yuan per bottle, with Nongfu Spring's new product priced even lower at 0.8 yuan [7][8]. - The increased competition has resulted in higher sales and distribution costs, contributing to the decline in profit margins for China Resources Beverage [6][8]. Group 3: Strategic Adjustments - The company is actively restructuring its business model by increasing marketing investments and adjusting its product mix to stabilize market presence and develop a second growth curve in non-water beverages [3][12]. - New product launches have been frequent, with the company introducing 1-2 new products each month across various categories, including herbal drinks, sports drinks, and ready-to-drink coffee [13]. - The herbal drink "Zhiben Qingrun" has seen significant growth, with a 122% increase in sales, although its market performance varies regionally [11][12].