China Huiyuan Juice Group, the biggest juice producer on the mainland, bounced back to the black last year after it diversified its product range and increased market share.
The company said net profit was 181.03 million yuan (HK$215.46 million), against a loss of 99.75 million yuan in 2009. Overall revenue rose 30.9 per cent to 3.71 billion yuan.
The biggest sales growth was in its non-core drinks segment, where revenue jumped 114.2 per cent to 310.8 million yuan, mainly fuelled by surging demand for water, bottled tea and milk-based drinks such as yogurt.
Sales of the group's core juice products, including 100 per cent juices, nectars and juice drinks, increased 26.4 per cent to 3.4 billion yuan. Nectar sales continued to be the main revenue driver, accounting for 39.6 per cent of total revenue.
Chairman Zhu Xinli said there was substantial room for growth in juice beverage consumption - the current annual per capita consumption of juice is less than 1 kilogram, or 10 per cent of the global average.
Overall sales of fruit and vegetable juices on the mainland reached 3.5 billion litres last year, up 12.4 per cent from 2009, according to data from research company Nielsen.
The group attracted a HK$19.65 billion takeover bid from Coca-Cola in 2009, which Beijing ultimately opposed.