According to CLSA's research report, several Chinese beverage stocks covered by the broker are poised to announce their interim results in August.

In CLSA's estimate, NONGFU SPRING (09633.HK)  -0.500 (-1.100%)    Short selling $91.09M; Ratio 22.618%   will record a strong 15% revenue growth in 1H25 due to a low base and recovery in its packaged water business; meanwhile, U-PRESID CHINA (00220.HK)  -0.140 (-1.410%)    Short selling $8.78M; Ratio 21.936%   will achieve a 26% and 8% YoY growth in its net profit and revenue, respectively.

Related NewsHSBC Research: Intensifying Competition May Limit NONGFU SPRING Profit Upside; Rating Downgraded to Hold; TP Raised to $47.4
However, TINGYI (00322.HK)  -0.240 (-2.073%)    Short selling $17.91M; Ratio 14.051%   is anticipated to record a YoY drop of 3% in its 1H25 revenue as last year's product price hikes resulted in a loss in its market share. Likewise, CR BEVERAGE (02460.HK)  -0.140 (-1.226%)    Short selling $21.78M; Ratio 21.566%   is projected to see a slip of 8% in its revenue as promotional activities led to a decrease in average prices and an unfavorable product mix. Its net profit is also forecasted to be dragged down by heightened marketing and promotional expenses and channel adjustments.

Stock | Investment Rating | Target Price (HKD)
CR BEVERAGE (02460.HK)  -0.140 (-1.226%)    Short selling $21.78M; Ratio 21.566%   | Outperform | 14.2
TINGYI (00322.HK)  -0.240 (-2.073%)    Short selling $17.91M; Ratio 14.051%   | Hold | 13.1 → 12.2
U-PRESID CHINA (00220.HK)  -0.140 (-1.410%)    Short selling $8.78M; Ratio 21.936%   | Outperform | 10.3
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)