Core Insights - The company reported a revenue of RMB 6.206 billion for the first half of 2025, representing an 18.5% decrease compared to the same period last year, primarily due to reduced sales of packaged water and increased marketing resource investment [1] - The profit attributable to the company's owners for the period was RMB 0.805 billion, down from RMB 1.128 billion in the previous year [1] - The gross profit margin for the reporting period was 46.7%, a decrease of 2.6 percentage points year-on-year, influenced by revenue decline and changes in product mix [1] Product Performance - Revenue from packaged drinking water was RMB 5.251 billion, a 23.1% decrease year-on-year, accounting for 84.6% of total revenue [1] - Beverage products generated revenue of RMB 0.955 billion, reflecting a 21.3% increase compared to the previous year, with their share of total revenue rising to 15.4% [1] - The company launched 14 new SKU products in the beverage sector during the first half of 2025, including the "Zhiben Qingrun Series" and "Honey Water Series," aimed at meeting diverse consumer needs across various consumption scenarios [1]

Core Viewpoint - China Resources Beverage (02460) reported a revenue of 6.206 billion RMB for the six months ending June 30, 2025, with a profit attributable to shareholders of 805 million RMB and a basic earnings per share of 0.34 RMB, proposing an interim dividend of 0.118 RMB per share [1] Group 1: Financial Performance - The company's total revenue for the reporting period was 6.206 billion RMB, with a profit attributable to shareholders of 805 million RMB [1] - The basic earnings per share stood at 0.34 RMB, and the proposed interim dividend is 0.118 RMB per share [1] Group 2: Product Performance - The core brand "Yibao" focuses on the production and sales of packaged drinking water products, which include bottled water products under the brands "Yibao," "Yibao Lu," "Benyou," and "FEEL," as well as barrel water products under the "Yibao" and "Jialinshan" brands [1] - Revenue from packaged drinking water products was 5.251 billion RMB, a decrease of 23.1% compared to the same period last year, accounting for 84.6% of total revenue [1] - In the beverage sector, the company launched 14 new SKU products in the first half of 2025, with revenue from beverage products reaching 955 million RMB, an increase of 21.3% year-on-year, representing 15.4% of total revenue [1]