What is China Resources Beverage (Holdings) Co Pretax Margin %?
China Resources Beverage (Holdings) CoHKSE:02460 +2.08%21 Pretax Margin % is 3.09% as of Dec. 2025, which is 72% below its 10-year median of 11.05. 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 better than 58.97% on this metric.
HKSE:02460'
s Pretax Margin % Range Over the Past 10 Years
Min: 10.63 Med: 11.05 Max: 16.45
Current: 11.02
HKSE:02460's Pretax Margin % is ranked better than 58.97% of 117
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 8.95
vs HKSE:02460: 11.02
China Resources Beverage (Holdings) Co (HKSE:02460) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
China Resources Beverage (Holdings) Co Pretax Margin % Related Terms
China Resources Beverage (Holdings) Co Pretax 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 Pretax Margin % Chart
China Resources Beverage (Holdings) Co Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Pretax Margin %
10.63
10.90
13.90
16.45
11.05
China Resources Beverage (Holdings) Co Semi-Annual Data
HKSE:02460 vs KO, PEP, MNST: Pretax Margin % Comparison
For the Beverages - Non-Alcoholic subindustry, China Resources Beverage (Holdings) Co's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, China Resources Beverage (Holdings) Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where China Resources Beverage (Holdings) Co's Pretax 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.
China Resources Beverage (Holdings) Co (HKSE:02460) has a Pretax Margin % of 3.09% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on China Resources Beverage (Holdings) Co and its competitors. This is 72% below median its historical median of 11.05. Over the past decade, China Resources Beverage (Holdings) Co's Pretax Margin % has ranged from 10.63 to 16.45. According to the industry distribution chart, China Resources Beverage (Holdings) Co ranks #48 out of 117 companies in the Beverages - Non-Alcoholic industry, placing it in the top 41%.
Is China Resources Beverage (Holdings) Co's Pretax Margin % too high?
China Resources Beverage (Holdings) Co's current Pretax Margin % of 3.09% is 72% below median its 10-year median of 11.05. Over the past 10 years, this metric has ranged from a low of 10.63 to a high of 16.45. The Beverages - Non-Alcoholic industry median Pretax Margin % is 8.95. China Resources Beverage (Holdings) Co's value of 3.09% is 65.5% below this industry median. Based on the distribution chart, China Resources Beverage (Holdings) Co ranks #48 out of 117 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 Pretax Margin % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, China Resources Beverage (Holdings) Co ranks #48 out of 117 companies for Pretax Margin %. This puts China Resources Beverage (Holdings) Co in the upper half of its industry. The industry median Pretax Margin % is 8.95. China Resources Beverage (Holdings) Co's value of 3.09% is 65.5% below this benchmark. Historically, China Resources Beverage (Holdings) Co's own Pretax Margin % has ranged from 10.63 to 16.45 over the past decade. While the company's 10-year median is 11.05 vs. the industry median of 8.95, 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 Pretax Margin % for a Beverages - Non-Alcoholic company?
The median Pretax Margin % among Beverages - Non-Alcoholic companies is 8.95, based on 117 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax 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 Pretax Margin % of 3.09% is 65.5% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on China Resources Beverage (Holdings) Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Pretax Margin % is 8.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Beverage (Holdings) Co's current Pretax Margin % is 3.09%, which is 72% below median its own 10-year median of 11.05. 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 Pretax Margin % of 3.09%. The current Pretax Margin % is 3.09%, which is 72% below median its 10-year median of 11.05 and 65.5% below the Beverages - Non-Alcoholic industry median of 8.95. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For China Resources Beverage (Holdings) Co (HKSE:02460), the current Pretax Margin % is 3.09% 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.
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