Core Viewpoint - The beverage market is experiencing intensified competition, with significant performance disparities among major players like China Resources Beverage, Nongfu Spring, and Master Kong [1][4]. Group 1: China Resources Beverage - In the first half of 2025, China Resources Beverage reported a revenue decline of 18.52% to 6.206 billion yuan, with a net profit drop of 28.63% to 805 million yuan [1]. - The revenue from packaged drinking water and beverages was 5.251 billion yuan and 955 million yuan, showing a decline of 23.11% and an increase of 21.28%, respectively [1]. - The second quarter saw pressure on the packaged water business due to intensified competition and inventory optimization efforts, leading to revenue declines in small, medium, and large packaged water segments [1]. Group 2: Nongfu Spring - Nongfu Spring's revenue in the first half of 2025 grew by 15.6% to 25.622 billion yuan, with its packaged water business increasing by 10.7% to 9.44 billion yuan [2]. - The beverage segment saw an 18.6% revenue increase to 16.18 billion yuan, with specific product categories like ready-to-drink tea and functional beverages showing significant growth [2]. Group 3: Master Kong - Master Kong's beverage revenue declined by 2.6% to 26.359 billion yuan in the first half of 2025, with tea beverage sales down 6.3% and water sales down 6.0% [4]. - The carbonated and other beverage segments saw a revenue increase of 6.3%, indicating a mixed performance across product lines [4]. Group 4: Market Trends - Despite the challenges faced by individual companies, the overall beverage market is still in a growth cycle, with a reported channel growth rate of 4.7% in June 2025 [1].
华润饮料少卖了14亿元
21世纪经济报道·2025-09-02 02:19