Core Viewpoint - Western Securities forecasts that China Resources Beverage (02460) will achieve revenues of 11.2 billion, 12.5 billion, and 13.4 billion yuan from 2025 to 2027, with net profits attributable to the parent company of 1.3 billion, 1.6 billion, and 1.8 billion yuan respectively, leading to corresponding PE ratios of 19, 15, and 14 times [1] Group 1 - The company's revenue growth in packaged drinking water is driven by national expansion and channel refinement in the short term [1] - Long-term benefits are expected from industry concentration towards leading companies and an increase in the proportion of medium-sized products [1] - The company is transitioning towards a platform-based enterprise, indicating significant long-term revenue growth potential in its beverage business [1] Group 2 - As the proportion of self-owned production capacity increases and economies of scale are realized, there is substantial room for improvement in cost efficiency [1] - The company's profitability is expected to enhance significantly as operational efficiencies are achieved [1]