CICC has issued a research report indicating a reduction in its 2026 net profit forecast for U-PRESID CHINA by 6% to RMB 2.32 billion, citing intense competition in the beverage sector. The report also introduced a 2027 profit forecast of RMB 2.46 billion. The target price was lowered by 13% to HK$10, while an "Outperform" rating was maintained.

U-PRESID CHINA reported its 2025 results, with revenue and net profit increasing by 4.6% and 10.9% year-on-year, respectively. After excluding one-time investment losses, non-GAAP net profit rose by 17.6% compared to the previous year. However, non-GAAP net profit for the fourth quarter of last year was RMB 140 million, a decrease of 35% year-on-year, slightly below market expectations, primarily due to weaker-than-expected beverage performance.

In the second half of last year, the company's food segment demonstrated stable performance, while beverage revenue faced pressure from competitive challenges. Benefiting from cost advantages and improved capacity utilization, the company's gross margin continued to show improvement. The overall steady trend for the full year remains unchanged, with expectations for continued margin improvement.