CITIC Securities: the probability of above-average temperatures in most parts of the country has increased, and high temperatures are expected to catalyze demand for beverages.

CITIC Securities stated that sales of beverages are often higher from June to September, and peak season sales have a significant impact on the overall performance of beverage companies throughout the year. Looking ahead to 2026, with the potential formation of an El Nio event, the probability of above-average temperatures in most parts of the country is increasing, and high temperatures are expected to stimulate demand for beverages. At the same time, considering the impact of factors such as the diversion of the tea beverage market in the second half of 2025 and the relatively low base, the performance of beverage companies in peak season sales is expected to be promising.