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China Resources Beverage (Holdings) CoHKSE:02460 -2.22%21 Operating Margin % is 0.32% as of Dec. 2025, which is 97% below its 10-year median of 9.15. GuruFocus rates HKSE:02460 with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 117 Beverages - Non-Alcoholic companies, China Resources Beverage (Holdings) Co ranks worse than 54.7% on this metric.
HKSE:02460'
s Operating Margin % Range Over the Past 10 Years
Min: 8.19 Med: 9.15 Max: 15.17
Current: 8.19
HKSE:02460's Operating Margin % is ranked worse than 54.7% of 117
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 8.97
vs HKSE:02460: 8.19
China Resources Beverage (Holdings) Co (HKSE:02460) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
China Resources Beverage (Holdings) Co Operating Margin % Related Terms
China Resources Beverage (Holdings) Co Operating 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 Operating Margin % Chart
China Resources Beverage (Holdings) Co Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Operating Margin %
8.78
9.15
12.19
15.17
8.23
China Resources Beverage (Holdings) Co Semi-Annual Data
HKSE:02460 vs KO, PEP, MNST: Operating Margin % Comparison
For the Beverages - Non-Alcoholic subindustry, China Resources Beverage (Holdings) Co's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, China Resources Beverage (Holdings) Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where China Resources Beverage (Holdings) Co's Operating Margin % falls into.
China Resources Beverage (Holdings) Co Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* 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 (HKSE:02460) has a Operating Margin % of 0.32% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on China Resources Beverage (Holdings) Co and its competitors. This is 97% below median its historical median of 9.15. Over the past decade, China Resources Beverage (Holdings) Co's Operating Margin % has ranged from 8.19 to 15.17. According to the industry distribution chart, China Resources Beverage (Holdings) Co ranks #64 out of 117 companies in the Beverages - Non-Alcoholic industry, placing it in the top 54.7%.
Is China Resources Beverage (Holdings) Co's Operating Margin % too high?
China Resources Beverage (Holdings) Co's current Operating Margin % of 0.32% is 97% below median its 10-year median of 9.15. Over the past 10 years, this metric has ranged from a low of 8.19 to a high of 15.17. The Beverages - Non-Alcoholic industry median Operating Margin % is 8.97. China Resources Beverage (Holdings) Co's value of 0.32% is 96.4% below this industry median. Based on the distribution chart, China Resources Beverage (Holdings) Co ranks #64 out of 117 companies in the Beverages - Non-Alcoholic industry, which is below 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 Operating Margin % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, China Resources Beverage (Holdings) Co ranks #64 out of 117 companies for Operating Margin %. This places China Resources Beverage (Holdings) Co in the lower half of its industry. The industry median Operating Margin % is 8.97. China Resources Beverage (Holdings) Co's value of 0.32% is 96.4% below this benchmark. Historically, China Resources Beverage (Holdings) Co's own Operating Margin % has ranged from 8.19 to 15.17 over the past decade. While the company's 10-year median is 9.15 vs. the industry median of 8.97, China Resources Beverage (Holdings) Co has consistently been below 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 Operating Margin % for a Beverages - Non-Alcoholic company?
The median Operating Margin % among Beverages - Non-Alcoholic companies is 8.97, based on 117 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating 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 Operating Margin % of 0.32% is 96.4% below 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on China Resources Beverage (Holdings) Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Operating Margin % is 8.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Beverage (Holdings) Co's current Operating Margin % is 0.32%, which is 97% below median its own 10-year median of 9.15. 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 Operating Margin % of 0.32%. The current Operating Margin % is 0.32%, which is 97% below median its 10-year median of 9.15 and 96.4% below the Beverages - Non-Alcoholic industry median of 8.97. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For China Resources Beverage (Holdings) Co (HKSE:02460), the current Operating Margin % is 0.32% 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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