ab 4 December 2025 Global Research First Read China Consumer Sector Expert call takeaway: latest trends in the bottled drinks industry The expert expects Wahaha's market share in 2026 will likely fall to a similar level as in 2023 amid the negative publicity on Wahaha's shareholder succession. This would imply a continuous 10-15% revenue decline in 2026, per the expert. Nongfu's market share at end of 2025 has not yet recovered to 2023 level, per our recent corporate day takeaways. And we expect Nongfu to l ...