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What is China Resources Beverage (Holdings) Co Gross Margin %?
China Resources Beverage (Holdings) CoHKSE:02460 -2.22%21 Gross Margin % is 44.39% as of Dec. 2025, which is 1% below its 10-year median of 44.66. GuruFocus rates HKSE:02460 with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, China Resources Beverage (Holdings) Co ranks better than 67.24% on this metric.
HKSE:02460's Gross Margin % is ranked better than 67.24% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 38.35
vs HKSE:02460: 45.67
China Resources Beverage (Holdings) Co had a gross margin of 44.39% for the quarter that ended in Dec. 2025 => Durable competitive advantage
China Resources Beverage (Holdings) Co (HKSE:02460) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
China Resources Beverage (Holdings) Co had a gross margin of 44.39% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
China Resources Beverage (Holdings) Co Gross Margin % Related Terms
China Resources Beverage (Holdings) Co Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
China Resources Beverage (Holdings) Co Gross Margin % Chart
China Resources Beverage (Holdings) Co Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Gross Margin %
43.84
41.66
44.66
47.31
45.68
China Resources Beverage (Holdings) Co Semi-Annual Data
HKSE:02460 vs KO, PEP, MNST: Gross Margin % Comparison
For the Beverages - Non-Alcoholic subindustry, China Resources Beverage (Holdings) Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
China Resources Beverage (Holdings) Co Gross Margin % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, China Resources Beverage (Holdings) Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where China Resources Beverage (Holdings) Co's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
China Resources Beverage (Holdings) Co (HKSE:02460) has a Gross Margin % of 44.39% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on China Resources Beverage (Holdings) Co and its competitors. This is near median its historical median of 44.66. Over the past decade, China Resources Beverage (Holdings) Co's Gross Margin % has ranged from 41.66 to 47.31. According to the industry distribution chart, China Resources Beverage (Holdings) Co ranks #38 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 32.8%.
Is China Resources Beverage (Holdings) Co's Gross Margin % too high?
China Resources Beverage (Holdings) Co's current Gross Margin % of 44.39% is near median its 10-year median of 44.66. Over the past 10 years, this metric has ranged from a low of 41.66 to a high of 47.31. The Beverages - Non-Alcoholic industry median Gross Margin % is 38.35. China Resources Beverage (Holdings) Co's value of 44.39% is 15.7% above this industry median. Based on the distribution chart, China Resources Beverage (Holdings) Co ranks #38 out of 116 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, China Resources Beverage (Holdings) Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does China Resources Beverage (Holdings) Co's Gross Margin % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, China Resources Beverage (Holdings) Co ranks #38 out of 116 companies for Gross Margin %. This puts China Resources Beverage (Holdings) Co in the upper half of its industry. The industry median Gross Margin % is 38.35. China Resources Beverage (Holdings) Co's value of 44.39% is 15.7% above this benchmark. Historically, China Resources Beverage (Holdings) Co's own Gross Margin % has ranged from 41.66 to 47.31 over the past decade. While the company's 10-year median is 44.66 vs. the industry median of 38.35, China Resources Beverage (Holdings) Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Beverages - Non-Alcoholic company?
The median Gross Margin % among Beverages - Non-Alcoholic companies is 38.35, based on 116 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Resources Beverage (Holdings) Co's current Gross Margin % of 44.39% is 15.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on China Resources Beverage (Holdings) Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Gross Margin % is 38.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Beverage (Holdings) Co's current Gross Margin % is 44.39%, which is near median its own 10-year median of 44.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Beverage (Holdings) Co stock overvalued right now?
China Resources Beverage (Holdings) Co (HKSE:02460) has a current Gross Margin % of 44.39%. The current Gross Margin % is 44.39%, which is near median its 10-year median of 44.66 and 15.7% above the Beverages - Non-Alcoholic industry median of 38.35. China Resources Beverage (Holdings) Co's overall GF Score™ is 21/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For China Resources Beverage (Holdings) Co (HKSE:02460), the current Gross Margin % is 44.39% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
China Resources Beverage (Holdings) Co Business Description
China Resources Beverage is the second-largest bottled water producer in China and a subsidiary of China Resources Group, a state-owned conglomerate. The bottled water business accounts for around 90% of the company's revenue, with C'estbon being the flagship product. The company has been leveraging its distribution network developed for water products to expand the scale of its nonwater beverages products, which accounts for roughly 10% of the company's revenue.
21GF Score
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