HK Stock Market Move | U-PRESID CHINA (00220) afternoon fall expands by over 4%, company's first-half performance disclosure soon.

U-PRESID CHINA (00220) fell more than 4%, dropping to 4.21% at the time of publication, reporting 9.11 Hong Kong dollars, with a turnover of 44.5484 million Hong Kong dollars. On the news front, U-PRESID CHINA will hold a board meeting today to approve the company and its subsidiaries' mid-term performance announcement for the six months ending June 30, 2025. A previous research report from CICC pointed out that the company is expected to increase its revenue by 8.5% year-on-year in the first half of this year, with a net profit increasing by 25% to 1.2 billion yuan, in line with market expectations. The bank believes that the beverage business in the second quarter is gradually entering the peak season with fierce market competition, and expects the growth rate of beverage revenue to slow down. In terms of product categories, the bank expects that iced tea will be under pressure, mainly affected by competition as competitors start to focus on similar sugary tea products, while Uni-President Green Tea and milk tea continue to show healthy growth trends. It is expected that the overall beverage business revenue in the first half of the year will achieve a mid- to high-single digit growth year-on-year.