China Food Industry: Revenue to grow by 2.7% in 2025, soft drink category sales remain stable

LightningPacketLoss · 2026-03-24T09:23:32+00:00

China Food's 2025 performance announcement shows the company's full-year revenue of RMB 22.07 billion, representing a year-over-year growth of 2.7%. Sugar-containing and sugar-free carbonated beverages revenue increased, with sugar-free products performing particularly well. Although juice products saw a slight decline, the new brand strategy is proving effective. Water products achieved double-digit growth.

LightningPacketLoss

2026-03-24 09:23:32

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On March 24, China Food released its full-year performance report for the fiscal year ending December 31, 2025. The report disclosed that in 2025, the company achieved revenue of 22.07 billion yuan, a year-on-year increase of 2.7%; gross profit margin of 37.1%; adjusted EBIT of 1.979 billion yuan, up 6.1% year-on-year; and adjusted EBITDA of 2.872 billion yuan, an increase of 5.5%.

By product category, throughout the year, the company’s sugar and sugar-free soda revenues both grew, with the sugar-free category achieving high single-digit growth. The company’s soda market share within its operating regions is nearly 60%. Soda sales volume remained stable year-on-year, with revenue increasing by nearly 2%.

Additionally, the company’s overall juice sales volume and revenue saw slight declines. During the year, the company completed the relaunch of its second juice brand, “Kuer,” launching multiple product variants in phases and adopting differentiated marketing strategies for different regions. Products are strategically displayed and distributed according to channel characteristics, focusing on core channels to strengthen terminal reach, which significantly contributed to revenue growth in the juice category.

Furthermore, during the year, the company’s strategy adjustment for bottled water led to improved execution of Ice Dew, with distribution points increasing rapidly compared to the same period last year. Water category sales volume grew by double digits, with revenue increasing accordingly.

(Company Announcement)

(Edited by: Wang Can, Lin Chen)

Keywords: Beverages

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