China Resources Beverage (Holdings) Co Ltd

02460: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CR Beverage: Channel and Categorial Expansion to Drive Long-Term Profit Growth

Jacky Tsang

May 30, 2025

We initiate coverage of China Resources Beverage, which is the second-largest bottled water producer in China.

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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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China Resources Beverage (Holdings) Co Ltd

CR Beverage: Channel and Categorial Expansion to Drive Long-Term Profit Growth

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