2 1 Shi Ji Jing Ji Bao Dao·2025-08-27 05:53Core Insights - The company reported a revenue of RMB 25.622 billion for the first half of 2025, representing a year-on-year growth of 15.6%, and a net profit of RMB 7.622 billion, up 22.1% year-on-year, driven by strong performance in both the tea beverage and packaged water segments [3] - The growth is attributed to the company's long-term strategy, innovation capabilities, and resource advantages, rather than just the success of individual products [3] Financial Performance - The tea beverage segment continued to grow rapidly, while the packaged drinking water business showed signs of recovery, contributing to record-high performance for the company [3] - The packaged drinking water segment achieved revenue of RMB 9.44 billion, a year-on-year increase of 10.7%, accounting for 36.9% of total revenue [10] Brand Value and Market Position - In July 2025, the company ranked third in the Brand Finance report on global soft drink brand value, marking the first time a Chinese brand entered the top three, indicating a significant shift in the global beverage market [7] - The market's positive feedback reflects the company's commitment to quality and food safety, which has resonated with consumers [7] Quality and Innovation - The company emphasizes quality as its core competitive advantage, maintaining strict standards in raw materials, processes, and safety, which has created a strong product moat [4] - The management's meticulous oversight of production and supply chains ensures consistent quality during expansion, reinforcing consumer trust [4] Water Source Strategy - The company's water source strategy is fundamental to its long-term development, with a focus on building factories and bottling plants at water sources to ensure product quality [10] - The company has established 15 major water sources across various ecological environments, enhancing its supply stability and creating barriers to entry for competitors [10][11] Future Outlook - New factories are under construction in several regions, which will further strengthen the implementation of the water source strategy and support the supply of tea beverages, packaged water, and derivative products [11] - The company's experience highlights that high-quality growth is a result of strategic determination and continuous innovation, essential for navigating uncertain market conditions [11]