Core Viewpoint - The article discusses the upcoming IPO of Dongpeng Beverage Group Co., Ltd. on the Hong Kong Stock Exchange, highlighting its position as a leading functional beverage company in China and its growth prospects amid challenges in the market [1][3][9]. Group 1: IPO Details - Dongpeng Beverage plans to issue 40.8899 million H-shares, with a maximum offering price of HKD 248 per share [2][3]. - The company aims to raise approximately HKD 101 billion, positioning itself among the top consumer industry IPOs in recent years [5][6]. - The IPO has attracted significant interest from cornerstone investors, with a total subscription amount of USD 640 million, accounting for 49.2% of the total fundraising [7][9]. Group 2: Financial Performance - Dongpeng Beverage is projected to achieve a revenue of RMB 20.76 billion to RMB 21.12 billion in 2025, reflecting a year-on-year growth of 31.07% to 33.34%, although this is a slowdown compared to the previous year's growth of 40.63% [3][6]. - The company’s core product, Dongpeng Special Drink, contributes approximately 85% to its revenue, indicating a high dependency on a single product [10][11]. - The gross profit margin for Dongpeng Special Drink is reported at 50.1%, but its revenue growth has slowed to 19.35% year-on-year [11][12]. Group 3: Market Position and Strategy - Dongpeng Beverage has maintained the largest market share in China's functional beverage sector, increasing from 15.0% in 2021 to a projected 26.3% by 2024 [6][13]. - The company is focusing on international expansion, particularly in Southeast Asia, where the energy drink market is projected to reach USD 4.2 billion in 2024 [14]. - Approximately 8% of the net proceeds from the IPO will be allocated to establishing supply chain infrastructure in overseas markets, while 12% will be used for market expansion and potential acquisitions [13][14].

据知情人士透露，中国能量饮料制造商东鹏饮料在香港拟发行的股份已获得足够需求。知情人士说，认 购倍数在五到九倍一带。他们说，既有来自全球和中国的多头投资者的申购，也有对冲基金的申购。东 鹏饮料尚未回应寻求评论的请求。 ...

2026年初，中国功能饮料领军企业东鹏饮料正式启动港股IPO，成功构筑A+H股双重资本格局。这一里程碑式举 措，不仅标志着这只"东方大鹏"迈入全球化资本新阶段、创下2020年迄今亚洲消费饮料行业最大规模IPO纪录，更 以一份掷地有声的全球化宣言，为中国民族能量品牌出海重磅加码，彰显其以"飞跃全球"为品牌使命、剑指全球 市场的底气与雄心。 东鹏饮料拳头产品"东鹏特饮" 资本阵容创纪录，全球机构共筑信心 价值内核筑根基，业绩渠道双轮驱动 全球资本的踊跃追捧，根源在于东鹏饮料坚实的价值内核与持续的增长潜力。作为中国功能饮料领军者，东鹏饮 料精准把握行业发展趋势，稳居高速增长的功能饮料赛道核心地位，同时紧扣健康化、细分化消费需求构建多元 化产品矩阵。公司推行"1+6"多品类战略，在巩固能量饮料核心优势的同时推动东鹏补水啦等新品类快速成长，产 品结构持续优化，第二增长曲线成效显著。 东鹏饮料产品家族 业绩表现上，东鹏饮料的增长潜力已转化为实打实的经营成果，实现持续高速增长。2025年业绩预告显示，公司 全年营收有望突破207.6亿元，同比增长超31%；净利润预计43.4亿至45.9亿元，同比增长30.46%至37.97 ...

中金发表研报指，东鹏饮料预告公司2025年收入按年增长31%至33%，归母净利润增长31%至38%；单 论第四季，预期收入按年升19%至30%，归母净利润按年跌6.5%至升34%。该行认为末季收入符合市场 预期，但利润略低于市场预期，主要因冰柜投入。基于2025年冰柜投入以及2026年出海费用，该行下调 2025及26年盈利预测2.2%及6%，至44.7亿及53.8亿元，引入2027年利润预测62.7亿元；下调东鹏饮料目 标价6%至330元，维持"跑赢行业"评级不变。 ...

信心与底气十足 按最高发售价发行 1月26日，东鹏饮料启动H股招股，按最高发售价发行（即不高于每股248港元），并引入了一个堪称近 年来最豪华的港股IPO基石阵容——以全球主权财富资金牵头，15家基石投资者累计认购约6.4亿美元。 以最高发售价定价，彰显了东鹏饮料对自身实力的绝对自信，而基石投资者"众星云集"、积极认购，更 代表了专业资本对东鹏饮料价值的认可。东鹏饮料港股上市，是其借助港股舞台迈向国际资本市场的重 要一步，也将打出民族饮料品牌全球化发展的亮眼名片。 东鹏饮料本次港股上市，发行价将按照最高发售价不高于248港元/股进行。最高定价的实现，本质上是 市场对公司价值达成共识的结果。 这首先源于公司管理层对其未来发展前景、盈利能力和行业地位抱有极强的信心。他们相信公司展现出 的成长性和稀缺性，能够支撑这一较高的估值水平。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。在A股上市近五年来，东鹏饮料以连续稳健增长闻 名，是高ROE的典范，A股市值已经超1300亿元人民币。 可以说，多年来东鹏饮料的业绩表现就没有让投资者失望过。招股书显示，2022年~2024年， ...

格隆汇1月27日｜今日东鹏饮料(9980.HK)申购，无新股上市。 ...

重要内容提示： ● 投资项目名称：东鹏饮料成都生产基地项目 ● 本项目投资额：建设项目总投资110,000万元人民币。 ● 本次对外投资事项不构成关联交易，不构成重大资产重组情形。本次投资已经由公司第三届董事会第 二十次会议审议通过，本次对外投资事项在董事会权限范围内，无需提交公司股东会审议。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605499 证券简称：东鹏饮料 公告编号：2026-010 东鹏饮料（集团）股份有限公司 关于拟签署投资协议 暨设立全资子公司的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 ● 风险提示：投资协议书中的投资规模、建设周期等均为计划数或预计数，所涉建设项目的土地面积、 建设周期、业务开展尚存在不确定性，存在一定市场风险、经营风险、政策风险和投资后未达预期收益 等风险。 （一）基本情况 根据公司整体经营发展战略规划，东鹏饮料（集团）股份有限公司(以下称"公司"）拟与成都温江高新 技术产业园区管委会签订《投资协议书》，投资项目为"东鹏饮料成都生产基地项目"。为此，公司拟 ...

Investment Rating - The industry is rated positively, with expectations of overall returns exceeding the CSI 300 Index by more than 5% in the next six months [24]. Core Views - The food and beverage sector is currently at a phase of bottoming out, with a focus on the upcoming Spring Festival inventory buildup as a catalyst for growth [1][5]. - The liquor sector is experiencing a slow recovery in demand, with a focus on stabilizing expectations before discussing recovery, particularly for leading brands like Kweichow Moutai and Shanxi Fenjiu [6][19]. - The snack sub-sector has shown strong performance, with significant growth in companies like Mingming Hen Mang, which plans to go public in Hong Kong [20][22]. Summary by Sections Sub-industry Ratings - No ratings for liquor, beverages, and food sectors [3]. - Recommended companies include: - Kweichow Moutai: Buy - Shanxi Fenjiu: Buy - Guming: Buy - Mixue Group: Increase Holding - Ximai Food: Buy - Dongpeng Beverage: Buy - Wancheng Group: Buy - Pop Mart: Buy [3]. Industry Performance - The food and beverage sector saw a decline of 1.57%, ranking 28th among 31 sub-industries [5][14]. - The top-performing sub-sectors were snacks, pre-processed foods, and cooked foods, with increases of 6.44%, 5.02%, and 4.25% respectively [5][14]. - The top five stocks in the sector included: - Haoxiangni (+19.59%) - Weizhi Xiang (+17.23%) - Wancheng Group (+14.32%) - Quanyuan (+13.57%) - CITIC Nia (+9.69%) [5][14]. Liquor Sector Insights - The liquor index fell by 2.80%, with a focus on the upcoming Spring Festival for potential recovery [6][19]. - Current prices for Moutai products are: - Feitian Moutai (loose bottle): 1560 RMB, up 10 RMB from last week - Pu'er Moutai: 810 RMB, unchanged from last week [6][19]. Consumer Goods Sector Insights - Several companies are planning IPOs in Hong Kong, with Mingming Hen Mang aiming to raise between 32.37 billion to 33.36 billion HKD [20][22]. - The company reported a GMV of 661 billion RMB for the first three quarters of 2025, a 74.5% year-on-year increase [20][22]. - Dongpeng Beverage plans to issue 40.89 million H shares, with an expected listing date of February 3, 2026 [20][22].

北京商报讯（记者 孔文燮）1月26日，东鹏饮料发布公告称，根据公司整体经营发展战略规划，公司已 与成都温江高新技术产业园区管委会签署了《投资协议书》，投资项目为"东鹏饮料成都生产基地项 目"。为此，公司拟在成都市温江区注册设立成都东鹏维他命饮料有限公司，注册资本为1亿元，专项负 责推进、实施所投资项目。该项目总投资11亿元。 ...

雷递网 雷建平 1月26日 东鹏饮料(集团)股份有限公司（简称："东鹏饮料"，股票代码："09980"）日前开启招股，准备2026年2月3日在港交所上市。 东鹏饮料此次发售4089万股，发售价不高于每股发售股份248港元，最高募资101亿港元。 东鹏饮料基石投资者一共认购6.4亿美元（约49.9亿港元），分别为Al-Rayyan、太白投资有限公司、True Light Investments、BlackRock基金、UBS Asset Management、Huang River Investment、红杉旗下HSG Growth VII Holdco、JPMorgan Asset Management、博裕资本旗下Azure Skylines、泰康人寿保险有限 责任公司、Pacific Century Pines Investments 1、FMR参与基金、Velmar Company、保银资产管理有限公司、Amazing Mountain、Great China Motivation Fund Phase II。 | | | | | 假設超額配股權未獲行使 | | 假設超額配股權獲悉數行使 | | | - ...