智通财经记者 | 卢奕贝 智通财经编辑 | 牙韩翔 "补水啦"卖爆后，东鹏饮料正在尝试翻开新的牌面。 在近日于全国多地陆续举办的经销商会议上，东鹏披露了2026年将主推的"1+6"产品矩阵。其中能量饮料"东鹏特饮"仍为其基本盘，而电解质饮料"补水 啦"、有糖茶"果之茶"、椰汁饮料"海岛椰"、即饮奶茶"港氏奶茶"、无糖茶饮料"上茶"和咖啡饮料"大咖"则为东鹏押注的6大潜力品类。 值得注意的是，果之茶、港式奶茶分别于今年2月、10月推出，目前它们已站上"1+6"矩阵的C位，取代了此前矩阵中的植物饮料"菊花蜜"、预调鸡尾 酒"VIVI"。 东鹏饮料方面告诉智通财经，在产品品类方面，公司目前无糖茶、咖啡、椰奶、果汁茶等都有涉及，在市场有需求的情况下，公司发展多品类，可借助现有 渠道资源实现快速铺货。销售上果汁茶终端反馈是不错的，港式奶茶才刚刚推出，暂无数据披露。 上图为此前产品矩阵，2026年果之茶、港式奶茶取代了菊花蜜、鸡尾酒 图片来源：东鹏官网 有糖即饮茶，是饮料领域大品类的低调王者，是国内市场规模超过150亿元的超级赛道。马上赢数据显示，同样是在饮料类目中，有糖茶的规模在202307- 202506始终高于无糖 ...

MACD金叉信号形成，这些股涨势不错！ 格隆汇12月3日｜华安证券研报指出，东鹏饮料H股发行更近一步，重申三大逻辑。本次H股所募资金拟 用于海外产能布局推进、供应链&渠道建设与优化、品牌营销打造等实质性落地工作，有望看到公司出 海战略加速落地。公司具全国化+平台化+国际化三大长期成长逻辑，当前H股发行稳步推进，预示特饮 将有创新和海外双重突破+特饮之外品类拓展不断，三大逻辑下的高成长性具充分看点。当前股价对应 PE分别为30/24/19倍（考虑到近期A股企业登陆H股实际发行时基本存在一定折价，假设以9折测算，公 司对应26年H股估值仅22x，为近年相对低位），展望26年，重申"买入"评级。 ...

今日（12.3），大消费板块震荡走低，消费ETF（159928）跌0.49%，连续第三天下跌，成交额超2.5亿元。资金面上，消费ETF（159928）盘中再获净申购 2600万份，昨日净流入1.07亿元，近20日大举"吸金"超3.9亿元！截至12月2日，消费ETF（159928）最新规模超213亿元，同类断层领先！ 消息面上，湖南出台11项举措提振扩大消费，提出要加大对消费品以旧换新、新型消费、文体消费、生活服务、消费基础设施、商贸流通等关键消费领域的 金融支持力度。 政策方面，12月2日电，海南省印发《海南省育儿补贴制度实施方案》，（一）补贴对象。从2025年1月1日起，对符合法律法规规定生育的3周岁以下且户籍 登记在海南省的婴幼儿发放补贴，至其年满3周岁。（二）补贴标准。育儿补贴按年发放，现阶段为每孩每年3600元。对2025年1月1日之前出生、不满3周岁 的婴幼儿，按应补贴月数折算计发补贴。（三）政策优惠。对按照育儿补贴制度规定发放的育儿补贴免征个人所得税。在最低生活保障对象、特困人员等救 助对象认定时，育儿补贴不计入家庭或个人收入。 港股方面，新消费"纯"度更高的港股通消费50ETF（159268）跌 ...

东鹏饮料（ [Table_StockNameRptType] 605499） 公司点评 H 股发行更近一步，重申三大逻辑 ——东鹏饮料事件点评 | 投资评级：买入（维 [Table_Rank] 持） | | | --- | --- | | 报告日期： | 2025-12-02 | | [Table_BaseData] 收盘价（元） | 266.09 | | 近 12 个月最高/最低 | 338.92/208.80 | | （元） | | | 总股本（百万股） | 520 | | 流通股本（百万股） | 520 | | 流通股比例（%） | 100.00 | | 总市值（亿元） | 1,384 | | 流通市值（亿元） | 1,384 | [公司价格与沪深 Table_Chart] 300 走势比较 -19% 2% 23% 44% 65% 12/24 3/25 6/25 9/25 12/25 东鹏饮料 沪深300 [Table_Author] 分析师：邓欣 执业证书号：S0010524010001 邮箱：dengxin@hazq.com 分析师：韦香怡 执业证书号：S0010525060001 邮箱：weixi ...

2025年11月28日，中国证监会国际合作司发布关于东鹏饮料（集团）股份有限公司(简称东鹏饮料) (605499.SH)境外发行上市备案通知书(国合函[2025]2128号)。根据备案事项，东鹏饮料可发行不超过 6644.60万股普通股并在香港联合交易所上市。 东鹏饮料，于2025年4月3日、2025年10月9日先后两次递交招股书，华泰国际、摩根士丹利、瑞银联席 保荐。 东鹏饮料，成立于1994年，作为中国第一、全球领先的功能饮料企业，收入增速在全球前20大上市软饮 企业中位列第一。公司拥有备受消费者喜爱、拥有国民级影响力的「东鹏」品牌，「累了、困了、喝东 鹏特饮」的品牌主张深入人心。根据弗若斯特沙利文报告，按销量计，东鹏饮料在中国功能饮料市场自 2021年起连续4年排名第一，市场份额从2021年的15.0%增长到2024年的26.3%。 | 纂的[编纂]數目 | : [编纂]股H股(視乎[编纂]行使與否而定) | | --- | --- | | [编纂]數目 | :[编纂]股H股(可于[编纂]) | | [編纂]數目 | : [编纂]股H股(可予[编纂]及視乎[编纂]行使與否而 | | | 定) | | | ...

Group 1: SAIC Motor Corporation - In November, SAIC Motor's total vehicle sales reached 460,800 units, a year-on-year decrease of 3.75% [1] - New energy vehicle sales were 209,400 units, showing a year-on-year increase of 19.75% [1] - Cumulative vehicle sales from January to November reached 4,108,100 units, a year-on-year increase of 16.38% [1] - SAIC's subsidiary plans to establish a private equity fund focused on the smart electric vehicle industry with an initial subscription size of 1.09 billion yuan [1] Group 2: Top Group - Top Group is planning to issue H-shares and list on the Hong Kong Stock Exchange [2] - The company is in discussions with relevant intermediaries regarding the specifics of the H-share listing [2] Group 3: Ningbo Fuda - Ningbo Fuda's subsidiary intends to publicly sell 100% equity of its subsidiary, Hekou Yingzhou Cement Company, with an assessed value of 1.5752 million yuan [4] Group 4: Fuguang Co., Ltd. - Fuguang Co., Ltd. plans to sell a 25% stake in its associate company, Xiaotunpai, for 67.2636 million yuan [5] Group 5: Puluo Pharmaceutical - Puluo Pharmaceutical's subsidiary received a drug registration certificate for Amoxicillin and Clavulanate Potassium Tablets, used for various infections [6][7] Group 6: Fosun Pharma - Fosun Pharma's subsidiary received approval to conduct Phase I clinical trials for a dual-specific antibody injection for treating advanced solid tumors [8] Group 7: Far East Group - Far East Group's subsidiaries won contracts totaling 2.383 billion yuan in November [9] Group 8: Samsung Medical - Samsung Medical's subsidiary is expected to win a procurement project from the State Grid worth approximately 124 million yuan [10] Group 9: Changhua Group - Changhua Group received a development notification from a domestic automaker, with an expected total sales amount of approximately 732 million yuan over five years [12] Group 10: Xinbang Intelligent - Xinbang Intelligent's application for issuing shares to acquire Wuxi Yindichip Microelectronics has been accepted by the Shenzhen Stock Exchange [14] Group 11: Jinjing Development - Jinjing Development's subsidiary won a residential and commercial land bid in Tianjin for 474 million yuan [16] Group 12: Guohong Holdings - Guohong Holdings signed an investment framework agreement to develop a strategic emerging industry park in Tanzhou Town [17] Group 13: Hanma Technology - Hanma Technology reported a 149.94% year-on-year increase in truck sales in November, totaling 2,002 units [22] Group 14: Yufeng Group - Yufeng Group decided to terminate its plan to issue A-shares due to the expiration of authorization and market conditions [24] Group 15: Zhenhua Electric - Zhenhua Electric's subsidiary plans to invest up to 201 million yuan in a private equity fund focused on specific industries, including new energy [28] Group 16: Fuao Co., Ltd. - Fuao Co., Ltd. completed the transfer of 40% equity in Fuao Wan'an for 26.222 million yuan [29] Group 17: Baotailong - Baotailong plans to acquire an additional 2.83% stake in its subsidiary, totaling 15 million yuan [31] Group 18: Zhongchao Holdings - Zhongchao Holdings' subsidiaries won projects totaling 1.318 billion yuan [32] Group 19: Annie Co., Ltd. - Annie Co., Ltd. announced a potential change in control, leading to a temporary suspension of its stock [34] Group 20: Ganfeng Lithium - Ganfeng Lithium's subsidiary plans to issue $100 million in exchangeable notes [38]

Core Insights - A total of 21 buy ratings were issued by institutions today, covering 20 stocks, with Guizhou Moutai receiving the highest attention with two buy ratings [1][2] - Among the rated stocks, 11 provided future target prices, with 7 stocks showing an upside potential exceeding 20%, led by Guizhou Moutai with a target price of 2600.00 CNY, indicating a potential increase of 79.56% [1][2] - The average increase for stocks with buy ratings today was 0.82%, outperforming the Shanghai Composite Index, with notable gainers including Hu Guang Co., Sophia, and Shenzhou Digital [1][2] Company Summaries - Guizhou Moutai received a strong buy rating from Huachuang Securities with a target price of 2600.00 CNY, compared to the latest closing price of 1448.00 CNY [2] - Dongpeng Beverage also received a strong buy rating from Huachuang Securities with a target price of 340.00 CNY, latest closing at 269.03 CNY [2] - Shenzhou Digital was rated as "Increase" by Guotai Junan with a target price of 55.97 CNY, latest closing at 41.27 CNY [2] - Hu Guang Co. was rated as "Strong Buy" by Huachuang Securities with a target price of 37.90 CNY, latest closing at 31.30 CNY [2] - Other notable stocks include Jerry Shares, which was rated "Increase" with a target price of 73.20 CNY, latest closing at 62.07 CNY [2] Industry Insights - The basic chemical industry was the most favored, with stocks like Huhua Co. and Chuanheng Co. receiving buy ratings [2] - The computer and automotive industries also attracted attention, with two stocks each receiving buy ratings [2]

Investment Rating - The report maintains an "Outperform the Market" rating for the food and beverage sector [4][5][15]. Core Views - The food and beverage sector is expected to see a recovery in consumer demand as the year-end approaches, with a positive outlook for 2026 [3][10]. - The report highlights a differentiation in the performance of various sub-sectors, with beverages outperforming food and alcoholic beverages [2][10]. - Key investment opportunities are identified in leading companies within the sector, particularly those with strong growth potential and market positioning [3][10][15]. Summary by Relevant Sections 1. Sector Overview - The food and beverage sector has shown a slight increase of 0.03% this week, with A-shares remaining flat and H-shares up by 0.47% [1]. - The top performers in the sector include Hai Xin Food, Jia Long Co., and Yan Tang Dairy, with significant weekly gains [1]. 2. Sub-sector Analysis - **Alcoholic Beverages**: The report indicates that the liquor sector is in a bottoming phase, with premium brands like Moutai and Luzhou Laojiao expected to gain market share [2][10]. - **Beverages**: The beverage sector is experiencing stable demand recovery, with leading companies like Nongfu Spring and Dongpeng Beverage recommended for investment [2][14]. - **Food**: The snack segment is highlighted for its growth potential, particularly in konjac products, with companies like Wei Long and Yan Jin Pu Zi recommended [2][11]. 3. Investment Recommendations - The recommended investment portfolio includes Moutai, Baba Foods, Dongpeng Beverage, Wei Long, and Luzhou Laojiao, reflecting a diverse range of opportunities across the sector [3][15]. - The report emphasizes the importance of focusing on companies with strong fundamentals and growth trajectories, particularly in the context of changing consumer preferences and market dynamics [2][10][15]. 4. Earnings Forecasts - Earnings forecasts for key companies indicate a positive growth trajectory, with Moutai expected to achieve revenues of approximately 183.5 billion yuan by 2027, reflecting a compound annual growth rate [4][15]. - Other companies like Dongpeng Beverage and Baba Foods are also projected to see significant revenue growth, driven by market expansion and product innovation [15][17].

证券之星消息，12月1日饮料乳品板块较上一交易日上涨1.12%，阳光乳业领涨。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。饮料乳品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 001318 | 阳光乳业 | 17.57 | 10.02% | 25.70万 | | 4.471Z | | 600189 | 泉阳泉 | 7.54 | 4.72% | 29.22万 | | 2.19亿 | | 300997 | 欢乐家 | 24.39 | 3.39% | 24.02万 | | 5.85亿 | | 605499 | 东鹏饮料 | 269.03 | 2.04% | 2.11万 | | 5.62亿 | | 605179 | 一鸣食品 | 22.35 | 1.78% | 9.99万 | | 2.25亿 | | 600882 | 妙可蓝多 | 27.81 | 1.72% | 9.68万 | | 2.67亿 | | 600 ...

根据备案书内容，东鹏饮料拟发行不超过6644.60万股境外上市普通股并在香港联合交易所上市。自备 案通知书出具之日起至本次境外发行上市结束前，公司如发生重大事项，应根据境内企业境外发行上市 有关规定，通过中国证监会备案管理信息系统报告。东鹏饮料完成境外发行上市后15个工作日内，应通 过中国证监会备案管理信息系统报告发行上市情况。 据了解，东鹏饮料2025年4月3日向香港联合交易所递交本次发行申请。10月9日，公司向香港联合交易 所更新了发行申请及部分公司信息和财务数据等。 新京报讯（记者王子扬）12月1日，新京报记者了解到，功能饮料东鹏特饮母公司东鹏饮料（605499） （集团）股份有限公司（简称"东鹏饮料"）发行H股获得中国证监会备案。 对于本次上市，东鹏饮料称，旨在进一步提高公司的资本实力和综合竞争力，提升公司国际化品牌形 象，满足公司国际业务发展需要，深入推进公司全球化战略。募集资金用途包括部分资金将用于在海外 重点市场建立包括仓储在内的供应链基础设施，以满足这些地区（例如印度尼西亚、越南和马来西亚等 东南亚国家）的高速增长需求，并最终实现本地化运营。 东鹏饮料日前披露公告显示，公司正在进行申请发行境外 ...