公开资料显示，2021年5月27日，东鹏饮料在上交所主板上市。10月9日，东鹏饮料低开1.88%报298.09元/股，截至午间休市，该股跌超2%，总市值约1548 亿元。今年以来，该股涨幅超两成。 同时，东鹏饮料近年的销售费用呈增长态势。2022年至2024年，东鹏饮料的销售费用分别达14.49亿元、19.56亿元、26.81亿元，同比增速从5.91%逐年攀 升至37.09%，营收占比在17%左右，三年累计支出超过60亿元。 业绩方面，2022年至2024年，东鹏饮料营业收入分别为85.05亿元、112.63亿元、158.39亿元，同比增长21.89%、32.42%、40.63%；归母净利润分别为 14.41亿元、20.40亿元、33.27亿元，同比增长20.75%、41.60%、63.09%。2025年上半年，东鹏饮料营业收入107.37亿元，同比增长了36.37%。归母净利润 23.75亿元，同比增长37.22%。 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年起连续四年排名第一，市场份额从2021年的15.0%增长到2024年的26.3%。 按零售额计，东鹏饮料是2024年第二 ...

北京商报讯(记者孔文燮)10月9日，据港交所披露，东鹏饮料（605499）向港交所主板提交上市申请 书，华泰国际、摩根士丹利、瑞银集团为联席保荐人。值得一提的是，东鹏饮料曾于2025年4月3日向港 交所递交过上市申请。 ...

据港交所10月9日披露，东鹏饮料（605499）(集团)股份有限公司(简称：东鹏饮料(605499.SH))向港交所主板 提交上市申请书，华泰国际、摩根士丹利、瑞银集团为联席保荐人。该公司曾于2025年4月3日向港交所递交 过上市申请。 招股书显示，东鹏饮料是中国第一的功能饮料企业，收入增速在全球前20大上市软饮企业中位列第一。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%。按零售额计，东鹏饮料是2024年第二大功能饮料公司，市场份额为 23.0%，领先地位持续夯实。 历经30余年深耕，东鹏饮料持续为消费者提供可口、高质价比的饮料产品，成功塑造了备受消费者喜爱、拥 有国民级影响力的"东鹏"品牌。夯实功能饮料行业领导地位的同时，公司也持续进行产品创新迭代、拓展多 元化的品类布局。东鹏饮料已建立起覆盖全国的立体化销售网络，截至2025年6月30日，覆盖全国超过420 万家终端销售网点，实现中国近100%地级市覆盖。 围绕供应链、生产基地、渠道合作伙伴和终端消费者，东鹏饮料搭建起全流程、多层次、一体化的数字 ...

Company Overview - Dongpeng Beverage Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International, Morgan Stanley, and UBS serving as joint sponsors [1] - Dongpeng Beverage is recognized as the leading functional beverage company in China, with the fastest revenue growth among the top 20 listed soft drink companies globally [3] Market Position - Dongpeng Beverage has maintained the number one position in the Chinese functional beverage market for four consecutive years since 2021, increasing its market share from 15.0% in 2021 to 26.3% in 2024 [3] - By retail value, Dongpeng Beverage is projected to be the second-largest functional beverage company in 2024, holding a market share of 23.0% [3] Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the first half of 2025 was approximately RMB 8.5 billion, RMB 11.26 billion, RMB 15.83 billion, and RMB 10.73 billion respectively [5][6] - The total comprehensive income for the same periods was approximately RMB 1.43 billion, RMB 2.06 billion, RMB 3.36 billion, and RMB 2.35 billion [6] Industry Insights - The retail value of China's soft drink industry is expected to reach approximately RMB 1.3 trillion in 2024, making it the second-largest soft drink market globally [5] - The functional beverage segment is the fastest-growing sector, with a compound annual growth rate (CAGR) of 8.3% from 2019 to 2024, surpassing the overall soft drink market growth of 4.7% during the same period [5] Operational Strategy - Dongpeng Beverage employs a refined channel management strategy and a unique "product + service" model, supported by a sales team of over 7,000 [4] - The company has established a comprehensive digital operation system that enhances sales growth, decision-making accuracy, and cost efficiency, connecting with over 250 million consumers and more than 4.2 million retail outlets [4]

智通财经APP获悉，据港交所10月9日披露，东鹏饮料(集团)股份有限公司(简称：东鹏饮料(605499.SH))向港交 所主板提交上市申请书，华泰国际、摩根士丹利、瑞银集团为联席保荐人。该公司曾于2025年4月3日向港交所 递交过上市申请。 财务方面，于2022年度、2023年度、2024年度以及2025年1-6月，东鹏饮料收入分别约为85亿元、112.57亿元、 158.30亿元以及107.32亿元人民币；同期，年内综合收益总额分别约为14.26亿元、20.59亿元、33.64亿元以及 23.48亿元人民币。 | | | | 截至12月31日止年度 | | | | | 截至6月30日止六個月 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2022年 | | | 2023年 | | 2024年 | | 2024年 | | 2025年 | | | 人民幣 | | 96 | 人民幣 | % | 人民幣 | % | 人民幣 | % | 人民幣 | % | | | | | | | | | (未經審計) | | | ...

Core Conclusions - The report emphasizes that the food and beverage industry is currently at a bottoming phase, with strong players continuing to thrive [4] - The market has underperformed due to weak domestic demand and consumer confidence, with A-share food and beverage sector down 4.7% year-to-date, while H-share food and beverage sector increased by 29.5% [4] - There is a notable divergence among product categories, with alcoholic beverages facing pressure while mass-market products show signs of improvement, particularly in leading brands [4] Market Indicators - The trading volume, open interest, and valuation of the food and beverage sector are at historically low levels, with the sector's trading volume in A-shares dropping below 2% [9][10] - The price-to-earnings (PE) ratio for food and beverage has been declining since 2021, with categories like liquor and beer at historically low percentiles [12][16] Fundamental Analysis - The report discusses the need for a top-down approach to assess the investment value of leading companies like Kweichow Moutai, which holds a 31% weight in the food and beverage sector [27] - A bottom-up approach is also suggested to identify rapidly growing segments or companies in recovery [27] Company Recommendations - The report recommends focusing on policy-sensitive sectors such as liquor and the restaurant supply chain, highlighting companies like Kweichow Moutai, Luzhou Laojiao, and Haidilao [4] - Strong brands in the mass-market segment are also recommended, including Nongfu Spring, Dongpeng Beverage, and Yili Group [4] Industry Outlook - The report anticipates a recovery in liquor consumption as the impact of recent policies diminishes, with positive signals expected from the supply side [4] - The fourth quarter is projected to see improvements in key indicators for the liquor sector, including the price of Moutai [4] Performance Forecast - For Q3 2025, Kweichow Moutai is expected to generate revenue of 1,863.3 billion yuan, reflecting a 7% year-on-year increase, while Luzhou Laojiao is projected to see a 10% decline in revenue [49][50] - The report provides detailed forecasts for various companies, indicating expected revenue and profit changes for the upcoming quarters [49][50]

Core Insights - Dongpeng Beverage is strategically positioning itself in the youth market by sponsoring various events, including the HHI World Street Dance Championship and the Guomen Summit Breaking competition, showcasing its commitment to youth culture and sports [1][2][3] Group 1: Brand Strategy - Dongpeng Beverage's partnership with street dance culture is based on a multi-dimensional approach of functional fit, audience alignment, and long-term planning, ensuring a deep integration rather than a superficial collaboration [2] - The core attributes of Dongpeng's functional drink, which include fatigue resistance and mental alertness, align well with the physical demands of street dance competitions, providing a natural basis for brand integration [2] - Dongpeng has been a strategic partner of the Chinese breakdancing national team since 2021 and has continuously increased its investment in the street dance sector, including becoming the naming partner for the Guomen Summit International Street Dance League in 2025 [3] Group 2: Multi-Dimensional Layout - Dongpeng is extending its youth-oriented strategy beyond street dance to include esports and various sports events, creating a comprehensive brand ecosystem that covers all aspects of young people's lives [4] - The company has been involved in esports since 2016, sponsoring the KPL Honor of Kings professional league and partnering with the Peace Elite Professional League (PEL) in 2025, establishing a robust esports matrix [4] - In the sports sector, Dongpeng is the exclusive naming sponsor of the 2025 FIA F4 Formula China Championship and is actively involved in various sports events, including the Spartan Race and tennis tournaments, ensuring broad coverage in both trendy and mainstream sports [4] Group 3: Revenue Growth - Dongpeng's electrolyte drink, "Dongpeng Buliang," has rapidly gained market traction, achieving revenue of 1.493 billion yuan in the first half of 2025, reflecting a year-on-year growth of 213.7%, validating the success of its scene-based strategy [5] Group 4: Data-Driven Operations - Dongpeng Beverage has established a digital operation system centered around a closed-loop model of data insight, demand conversion, and product optimization, which supports the precise implementation of its youth marketing strategy [7] - The company utilizes a "five-code association" technology to create a smart platform that tracks product sales data in real-time across various scenarios, laying the groundwork for comprehensive operational optimization [8] - Dongpeng enhances its operational efficiency by implementing a dynamic product lifecycle monitoring system, ensuring product freshness and quality, and by providing merchants with a one-stop data platform to respond quickly to market demands [8] Conclusion - Dongpeng Beverage is building a marketing ecosystem that deeply engages with young consumers through cultural connections, scene-based strategies, and data-driven insights, reinforcing its brand message of "Youth Must Be Awake to Compete" and driving significant growth in its product lines [9]

Group 1 - The core viewpoint of the article highlights that Dongpeng Beverage Group Co., Ltd. has seen its Hong Kong IPO application expire after six months, with Huatai International, Morgan Stanley, and UBS serving as joint sponsors [1] Group 2 - Dongpeng Beverage is recognized as the leading functional beverage company in China and globally, with the highest revenue growth among the top 20 listed soft drink companies worldwide [2] - According to a report by Frost & Sullivan, Dongpeng Beverage has maintained its number one position in the Chinese functional beverage market for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024 [2]

Core Viewpoint - Dongpeng Beverage is the leading functional beverage company in China and globally, with significant revenue growth and market share expansion in the functional drink sector [1] Company Summary - Dongpeng Beverage submitted its Hong Kong IPO prospectus on April 3, which became invalid after six months on October 3, with Huatai International, Morgan Stanley, and UBS serving as joint sponsors [1] - The company has ranked first in the Chinese functional beverage market for four consecutive years since 2021, according to a report by Frost & Sullivan [1] - Dongpeng's market share in the functional beverage sector has increased from 15.0% in 2021 to an estimated 26.3% in 2024 [1] Industry Summary - Dongpeng Beverage is recognized as the fastest-growing company among the top 20 listed soft drink companies globally, leading in revenue growth [1]

Core Viewpoint - Dongpeng Beverage Group Co., Ltd. is a leading functional beverage company in China and globally, with significant revenue growth and market share expansion in the functional beverage sector [1] Company Summary - Dongpeng Beverage submitted its Hong Kong IPO application on April 3, which became invalid after six months on October 3, with Huatai International, Morgan Stanley, and UBS serving as joint sponsors [1] - The company ranks first in the Chinese functional beverage market by sales for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024 [1] Industry Summary - Dongpeng Beverage is recognized as the fastest-growing company among the top 20 listed soft drink companies globally, leading in revenue growth [1]