CR BEVERAGE (02460) released its mid-term results, with a profit attributable to shareholders of 592 million yuan, firmly adhering to its brand-driven development strategy.

CR BEVERAGE (02460) has released its interim results for the six months ending June 30, 2026. The group reported revenue of RMB 5.455 billion, a year-on-year decrease of 12.09%; profit attributable to owners of the company was RMB 592 million, down 26.43% from the previous year; basic earnings per share were RMB 0.25, with an interim dividend proposed at RMB 0.087 per share. Looking back at the first half of 2026, the packaging drinking water business continued to focus on product innovation, packaging optimization, and channel development, actively responding to market competition and exploring business growth opportunities. In the first half of 2026, Yibao launched new multiple-pack products with "more value for your money" as the core selling point, taking a differentiated approach to market competition. At the same time, in line with industry trends, efforts were made to increase the proportion of membrane-pack products, achieving cost reduction and efficiency enhancement, while practicing green environmental protection and meeting the more diverse marketing strategy needs. Benyou adjusted its sales strategy to seize price opportunities, targeting lower-tier markets, and expanding sales scale; additionally, special distributors for Benyou were developed, creating flatter channel links and enhancing channel competitiveness. The 210ml pocket pack products were well-suited for short trips and meal pairings, meeting portable consumption needs, and preliminary market sales have shown positive results; in the first half of the year, continuous expansion of sales coverage contributed to sales growth in the packaging water business. In the second half of the year, the group will continue to strengthen its product matrix, expand the sales regions for large packaging products, enhance the development of emerging channels, and explore incremental market coverage to support the growth of its packaging water business. In recent years, while steadily developing its packaging drinking water business, the group has also continued to promote the development of its beverage segment. In the first half of 2026, the group launched three new product SKUs in the beverage sector, Zhiben Qingrun, Zuoweicha Shi, and Jiariban Yike, continuing to enrich flavor and product specifications to meet consumer demands for drinking in various scenarios, including ready-to-drink and sharing. During the reporting period, beverage products generated revenue of RMB 617.3 million, a decrease of 35.4% compared to the same period last year, accounting for 11.3% of the groups total revenue. The beverage business faced temporary pressures; however, after adjustments in channel and price management, the health of the business improved significantly. Looking ahead to the second half of the year, the industry faces both opportunities and challenges, with consumer demand becoming increasingly diverse. Health and safety, as well as high cost-performance ratio, remain important consumer demands for beverages, while the market is placing more emphasis on scenario compatibility and consumer experience, raising higher requirements for industry operations. The group is committed to unwaveringly implementing a brand-driven development strategy, closely aligning its operations with core consumer demands: on one hand, continuously improving a comprehensive product system for packaging drinking water covering all scenarios, delving into growth categories such as plant-based beverages and ready-to-drink tea, actively building a second growth curve; on the other hand, continually expanding the breadth of terminal network coverage, enhancing channel efficiency and quality, and leveraging national sports IP core brand assets to deepen sports marketing while promoting brand rejuvenation and conveying brand value to younger consumer groups, steadily expanding brand market recognition. The group will rely on a product matrix that meets diverse consumer needs and an efficiently coordinated channel system to continually solidify its long-term development foundation and enhance its comprehensive competitiveness in the industry.