Understanding the Market | CR BEVERAGE rose by more than 5%, the company is transitioning towards a multi-category beverage strategy. Institutions believe that this stage is expected to achieve outstanding performance
CR BEVERAGE rose more than 5%, as of the time of publication, it rose by 3.99% to HKD 15.62, with a turnover of HKD 91.3664 million. It is reported that CR BEVERAGE is a beverage business unit under China Resources Group, with main products including C'estbon and Snow Beer. The company is one of the earliest specialized producers of packaged drinking water in China, and is the second largest packaged drinking water company and the largest drinking purified water company in China, with market shares of 18.4% and 32.7% by retail sales in 23 years respectively. According to a report by Zhuo Shi Consultancy, the retail sales of the company's "C'estbon" brand drinking purified water products reached RMB 39.5 billion in 2023, making it the top brand in China's drinking purified water market. Galaxy Securities pointed out that the company is currently in a phase of transitioning from a single flagship product C'estbon to a multi-category beverage company. Reviewing beverage and dairy giants such as Nongfu Spring and Yili Group, we found that companies transitioning from a single flagship product to a platform-type company are expected to achieve outstanding performance. We believe that CR BEVERAGE is currently at this critical stage and deserves close attention
According to the Wisdom Finance APP, CR BEVERAGE (02460) rose by more than 5%, as of the time of publication, it increased by 3.99% to HKD 15.62, with a turnover of HKD 91.3664 million.
It is reported that CR BEVERAGE is a beverage business unit under China Resources Group, with main products including C'estbon and Snow Beer. The company is one of the earliest specialized producers of packaged drinking water in China, and is the second largest packaged drinking water company as well as the largest drinking purified water company in China, with market shares of 18.4% and 32.7% respectively based on 23 years of retail sales. According to a report by Zhuo Shi Consulting, the retail sales of the company's "C'estbon" brand drinking purified water products reached RMB 39.5 billion in 2023, making it the top brand in the Chinese drinking purified water market.
Galaxy Securities pointed out that the company is currently in a phase of transitioning from a single flagship product, C'estbon, to a multi-category beverage company. Reviewing beverage and dairy giants such as Nongfu Spring and Yili Group, we found that the transition from being driven by a single flagship product to becoming a platform-type company is expected to achieve outstanding performance. We believe that CR BEVERAGE is currently at this critical stage and deserves high attention