中国必需消费品_饮料专家电话会：龙头企业将凭借新品与终端扩张保持强势；东鹏、农夫山泉维持领先-China consumer staples_ Beverage expert call_ leaders to remain strong on new products_PoS expansion; Eastroc_Nongfu to maintain

8 December 2025 | 10:04PM HKT Equity Research China consumer staples: Beverage expert call: leaders to remain strong on new products/PoS expansion; Eastroc/Nongfu to maintain We hosted an investor call with a beverage industry expert on 8 Dec to discuss 2026 contract growth and competition dynamics across our covered beverage names. The expert's company carries key brands, including Nongfu, Wahaha, Eastroc, Tingyi and UPC etc across different regions with large scale (Rmb100mn+~Rmb300mn+ per brand). We note ...