Zheng Quan Shi Bao Wang·2025-08-19 06:16Core Viewpoint - Wanglaoji, a subsidiary of Baiyunshan, is advancing its brand internationalization with the global launch of its international can products, aligning with the rapid growth of the global plant-based beverage market [1][2]. Group 1: Company Performance - In the first half of 2025, Wanglaoji achieved a main operating revenue of 6.499 billion yuan and a net profit of 1.295 billion yuan, both reflecting double-digit growth rates of 12.69% and 15.87% respectively [1]. - The growth in performance is attributed to the deep exploration of health products, enhanced coverage of traditional channel endpoints, and partnerships with major restaurant platforms to increase penetration in the dining channel [1]. Group 2: Market Position and Trends - Wanglaoji holds nearly 50% market share in the domestic plant beverage segment, with the fastest growth rate in brand share within the industry [2]. - The global plant beverage industry has seen explosive growth, with a compound annual growth rate of nearly 10% from 2019 to 2024, while the carbonated beverage market is experiencing a decline of 6.7% year-on-year from July 2023 to June 2024 [2]. Group 3: International Expansion - Over the past decade, Wanglaoji's overseas market size has increased 6.5 times, with a compound annual growth rate exceeding 25% [3]. - In the first half of this year, Wanglaoji signed agreements with various partners for localized production overseas, employing a model of "supply chain collaboration + localized production + deep distribution" to expand its international footprint [3].