登录新浪财经APP 搜索【信披】查看更多考评等级 新浪合作大平台期货开户 安全快捷有保障 责任编辑：公司观察 东鹏饮料所属申万行业为：食品饮料-饮料乳品-软饮料。所属概念板块包括：新零售、价值成长、百元 股、大盘、融资融券等。 | | | | 2024沪深两市信息披露考评结果较2023降低两级的公司 | | | | --- | --- | --- | --- | --- | --- | | 公司名称 | 2024考评 | 2023 | 2022 | 地域 | 申万行业 | | 科达制造 | D | B | A | 广东省 | 专用设备 | | *ST宝鹰 | D | B | B | 广东省 | 装修装饰 II | | *ST汇科 | D | B | B | 广东省 | 软件开发 | | *ST建艺 | D | B | B | 广东省 | 装修装饰 II | | *ST新元 | D | B | B | 江西省 | 专用设备 | | ST블랙 | D | B | B | 山东省 | 造纸 | | ST华西 | D | B | B | 四川省 | 其他电源设备 II | | ST凯利 | D | B | B | 上 ...

记者丨王杰仁 实习生丨陈欣 出品丨鳌头财经 前不久，东鹏饮料递表港交所，开启了新一轮上市申请，这是东鹏饮料年内第二次递表。其首次递表在6个月前的4月3日，10月3日相关 材料失效。 如此紧迫的节奏令人惊讶。 作为手握百亿资金的"现金奶牛"，东鹏饮料2024年末货币资金达56.53亿元，交易性金融资产48.97亿元，还坐拥110亿元闲置资金理财额 度。 在资金如此充裕的情况下，东鹏饮料却急于赴港募集资金。公司对此的解释是，募集资金将主要用于完善产能布局和推进供应链升级， 加强品牌建设，推进全国化战略，拓展海外市场业务等。 一边计划动用不超过110亿元闲置资金购买理财产品，一边却计划通过港股IPO融资约14.93亿元用于海外扩张，这种"边理财边融资"的做 法引发市场广泛质疑。 东鹏饮料"不差钱却要上市"的举动看似矛盾，实则暗含深意，其并非简单的融资补充，而是企业在行业转型期的精密布局，也是围绕国 际化突围、财务结构优化与股东价值实现的系统性战略安排。 双财务异常："不差钱"的上市冲动 在东鹏饮料再次冲刺港股的背后，是一组令人费解的财务数据。 再者，股东减持压力或许是东鹏饮料急于赴港上市的又一重要推手。自2022年 ...

Industry Investment Rating - The investment rating for the food and beverage industry is "Outperform" [1] Core Insights - The report highlights that the liquor sector is actively releasing pressure on financial statements, with the industry gradually bottoming out. The frozen food sector is witnessing a turning point, while the soft drink and snack sectors maintain high levels of prosperity [3][4][30] Summary by Sections 1. Liquor - The liquor sector's total revenue for the first three quarters of 2025 was CNY 319.23 billion, a year-on-year decrease of 5.76%, with net profit down 6.85% to CNY 122.67 billion. In Q3 alone, revenue fell 18.38% to CNY 78.48 billion, and net profit dropped 22.00% to CNY 28.09 billion [14][28] - High-end liquor brands like Moutai showed stable growth, while others like Wuliangye and Luzhou Laojiao faced significant declines. Moutai's revenue grew by 9.28% year-on-year, while Wuliangye's fell by 10.26% [17][19] - The second-tier liquor brands, such as Fenjiu, showed resilience with a revenue increase of 5.00%, while others like Shui Jing Fang and Shede experienced declines [26][22] 2. Soft Drinks - The soft drink sector saw significant growth, with companies like Dongpeng Beverage reporting a 34.13% increase in revenue year-on-year. The energy drink segment, particularly, showed robust growth [30][31] - The introduction of new flavors and products, such as Dongpeng's summer limited edition, contributed to the sustained high growth rates in this sector [30] 3. Dairy Products - The dairy sector, led by Yili, maintained stable performance despite high base effects, with significant growth in milk powder and cold drink products. New Dairy's low-temperature products continued to show double-digit growth [4][31] 4. Frozen Foods - The frozen food industry is experiencing a turning point, with companies noting that the price war has peaked. The focus is shifting towards rational competition and value [7][30] 5. Snacks - The snack sector is undergoing strategic adjustments, with member stores and instant retail becoming key growth channels. The overall consumption environment remains weak, but the snack sector is adapting with targeted strategies [7][30]

证券时报·数据宝统计显示，东鹏饮料今日收盘价为269.80元，上涨1.12%，日换手率为0.41%，成交额 为5.70亿元，全天主力资金净流入1572.10万元，近5日该股累计下跌5.66%，近5日资金合计净流入 1875.44万元。 两融数据显示，该股最新融资余额为4.26亿元，近5日增加5717.42万元，增幅为15.52%。 据天眼查APP显示，东鹏饮料(集团)股份有限公司成立于1994年06月30日，注册资本52001.3万人民币。 （数据宝） 东鹏饮料11月5日大宗交易平台共发生2笔成交，合计成交量33.87万股，成交金额8132.87万元。成交价 格均为240.12元，相对今日收盘价折价11.00%。 进一步统计，近3个月内该股累计发生7笔大宗交易，合计成交金额为6.36亿元。 （文章来源：证券时报网） 11月5日东鹏饮料大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 股） | （万元） | 格 （元） | 折溢价（%） | 买方营业部 | 卖方营业部 | | 25.40 | 6 ...

第2笔成交价格为240.12元，成交25.40万股，成交金额6,099.05万元，溢价率为-11.00%，买方营业部为 华泰证券股份有限公司总部，卖方营业部为招商证券股份有限公司北京建国路证券营业部。 进一步统计，近3个月内该股累计发生7笔大宗交易，合计成交金额为6.36亿元。该股近5个交易日累计 下跌5.66%，主力资金合计净流入2527.89万元。 责任编辑：小浪快报 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 11月5日，东鹏饮料收涨1.12%，收盘价为269.80元，发生2笔大宗交易，合计成交量33.87万股，成交金 额8132.87万元。 第1笔成交价格为240.12元，成交8.47万股，成交金额2,033.82万元，溢价率为-11.00%，买方营业部为中 信建投证券股份有限公司上海市五莲路证券营业部，卖方营业部为招商证券股份有限公司北京建国路证 券营业部。 ...

成交价方面，共13只股票平价成交，2只股票溢价成交，57只股票折价成交；美的集团、供销大集溢价 率居前，溢价率依次为7.98%、7.22%；龙竹科技、生物谷、电工合金折价率居前，折价率依次为 27.1%、25.02%、20.91%。 今日(11月5日)A股共72只个股发生大宗交易，总成交14.97亿元，其中中微公司、顺丰控股、东鹏饮料 成交额居前，成交额依次为2.75亿元、9907.5万元、8132.87万元。 机构专用席位买入额排名：中微公司(2.75亿元)、浙农股份(2527.2万元)、盐湖股份(2450万元)、泰永长 征(2382.89万元)、迈瑞医疗(2186.46万元)、分众传媒(2175.44万元)、联德股份(2010.71万元)、百川能源 (1848万元)、普蕊斯(1105.34万元)、西典新能(612.72万元)、爱迪特(559.5万元)、恒烁股份(559.4万元)、 奥赛康(400.76万元)、春风动力(391.31万元)、科力尔(370.2万元)、润都股份(242.6万元)、咸亨国际 (202.8万元)。 ...

证券研究报告 | 2025 年 11 月 05 日 | | --- | 评级变动 维持 | 交易数据 | | | --- | --- | | 当前价格（元） | 266.80 | | 52 周价格区间（元） | 209.78-336.50 | | 总市值（百万） | 138739.47 | | 流通市值（百万） | 138739.47 | | 总股本（万股） | 52001.30 | | 流通股（万股） | 52001.30 | 涨跌幅比较 % 1M 3M 12M 东鹏饮料 -12.18 -5.57 29.74 饮料乳品 -2.61 -1.53 5.45 -4% 16% 36% 56% 76% 2024-11 2025-02 2025-05 2025-08 2025-11 东鹏饮料 饮料乳品 1 东鹏饮料（605499.SH）2025 年半年报点评： 业绩符合预期，费用投放有季节性波动 2025-08-01 2 东鹏饮料（605499.SH）2025 年一季报点评： 平台化效能加速释放，业绩再超预期 2025-04-18 公司点评（R3） 东鹏饮料(605499.SH) 食品饮料｜ 饮料乳品 业绩延续高增，展 ...

Group 1: Core Insights - The report emphasizes a turning point in supply and demand equilibrium, particularly in the liquor industry, with a focus on the accelerated clearance of inventory in the baijiu sector [3][15][21] - The report suggests that the liquor industry is transitioning from a "U-shaped adjustment" to a "V-shaped adjustment," indicating a potential for recovery as market pessimism is already reflected in stock prices [15][25] - The report highlights the resilience of consumer staples, particularly in the beverage and snack sectors, which are expected to show strong growth despite the challenges faced by the liquor industry [3][12] Group 2: Baijiu Industry Analysis - The baijiu sector is experiencing a significant adjustment, with sales and inventory levels rapidly clearing, particularly in the high-end and mid-range segments [3][15][21] - The report notes that the current adjustment cycle has a longer duration compared to previous cycles, with a single-quarter decline exceeding previous lows, indicating a deeper market correction [15][25] - Key companies to watch in the baijiu sector include Shanxi Fenjiu, Gujing Gongjiu, and Moutai, with a focus on both growth and stable performers [3][21][28] Group 3: Beer and Beverage Sector Insights - The beer industry is characterized by stable pricing and sales, with a recommendation to focus on regional leaders that have competitive advantages [3][41] - The beverage sector is noted for its structural growth, with leading companies like Dongpeng Beverage and Nongfu Spring expected to perform well [3][41] - The report indicates that the beer industry's profitability is improving due to cost advantages and a stable competitive landscape, despite facing demand pressures [41][42] Group 4: Consumer Goods and Snacks - The consumer goods sector is showing signs of recovery, with food raw materials and health products still in a growth phase, indicating high elasticity in certain categories [3][12] - The snack industry is highlighted for its innovation and growth potential, with companies like Three Squirrels and Wei Long expected to drive future growth [3][12] - The report suggests that the overall consumer goods market is stabilizing, with a focus on companies that demonstrate strong innovation and channel expansion capabilities [3][12]

Investment Rating - The report maintains a "Buy" rating for the company, Dongpeng Beverage [1][8] Core Insights - Dongpeng Beverage's Q3 performance exceeded expectations, with a strong emphasis on its platform capabilities and steady growth in its core business [4][8] - The company achieved a revenue of 168.44 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 34.13%, and a net profit of 37.61 billion yuan, up 38.91% year-on-year [3][4] - The report highlights the successful expansion into new markets and the introduction of innovative products, which are expected to drive future growth [5][8] Summary by Sections Financial Performance - In Q3 2025, the company reported revenue of 61.07 billion yuan, a 30.36% increase year-on-year, and a net profit of 13.86 billion yuan, up 41.91% year-on-year [3][4] - The gross margin for the first three quarters of 2025 was 45.17%, a slight increase from the previous year, while the net profit margin improved to 22.32% [5][8] Product and Market Development - Revenue from the company's specialty drinks, water, and other beverages for the first three quarters was 125.63 billion yuan, 28.47 billion yuan, and 14.24 billion yuan, respectively, with significant year-on-year growth rates [4][8] - The company is focusing on expanding its product offerings, including new flavors and packaging, to enhance its market presence [5][8] Future Projections - The report forecasts revenues of 211 billion yuan, 264 billion yuan, and 316 billion yuan for 2025, 2026, and 2027, respectively, with corresponding profit estimates of 46 billion yuan, 59 billion yuan, and 71 billion yuan [8][9] - The anticipated growth rates for revenue and profit are 33%, 25%, and 20% for the respective years [8][9]

605499 Eastroc reported its 3Q25 results on 24 October. In 9M25, its revenue and net profit reached CNY16.84bn (+34.1% y-y) and CNY3.76bn (+38.9% y-y), respectively. For 3Q alone, revenue was CNY6.17bn (+30.4% y-y) and net profit was CNY1.39bn (+41.9% y-y). The results were largely in line with our expectations. Nationwide expansion drives volume growth; product diversification on traction According to the 3Q25 report, revenue from Guangdong reached CNY3.88bn in 9M25, accounting for 23.1% of total revenue ( ...