CBC(SH:600132) Xin Lang Cai Jing·2025-08-17 21:04Core Insights - The company demonstrated strong operational resilience with stable revenue in the first half of the year, reporting revenue of 8.839 billion yuan, a slight decrease of 0.24% year-on-year, and a net profit attributable to shareholders of 865 million yuan, down 4.03% year-on-year [1] Revenue and Profit Performance - The company's revenue for Q2 was 4.484 billion yuan, reflecting a year-on-year decline of 1% [1] - The net profit for the first half was 865 million yuan, with a non-recurring net profit of 855 million yuan, showing a decrease of 3.72% year-on-year [1] Sales Volume and Market Position - Total sales volume reached 1.8008 million kiloliters in the first half, an increase of 0.95% year-on-year, with Q2 sales volume at 917,300 kiloliters, up 0.03% year-on-year, outperforming the industry average [1] Cost Management and Profitability - The gross margin improved to 49.83% in the first half, up 0.61 percentage points year-on-year, and exceeded 51.21% in Q2, an increase of 0.75 percentage points year-on-year, primarily due to a decrease in cost per ton [1] - The cost per ton decreased by 2.4% year-on-year in the first half and by 3% year-on-year in Q2 [1] Strategic Outlook - Despite facing challenges in the second quarter, the company has shown strong adaptability and strategic determination by actively adjusting its product mix, expanding consumption scenarios, and increasing investment in non-traditional beverage channels [1]