证券代码：605499 证券简称：东鹏饮料 公告编号：2025-027 东鹏饮料（集团）股份有限公司 关于 2024 年年度利润分配预案的补充公告 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。 根据上海证券交易所信息披露规则的有关规定，东鹏饮料（集团）股份有限 公司（以下简称"公司"）对 2025 年 3 月 8 日披露的《关于 2024 年年度利润分配 预案的公告》（2025-011）进行如下补充披露： ? 公司不触及《上海证券交易所股票上市规则（2024 年 4 月修订）》第 二、是否可能触及其他风险警示情形 公司不触及其他风险警示情形，具体指标如下： 项目 本年度 上年度 上上年度 现金分红总额（元） 2,300,057,500 1,000,025,000 800,020,000 回购注销总额（元） 0 0 0 归属于上市公司股东的净利润 （元） 本年度末母公司报表未分配利润 （元） 最近三个会计年度累计现金分红 总额（元） 最近三个会计年度累计现金分红 否 总额是否低于5000万元 最近三个会计年度累计回购注销 总额 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-027 1、在"重要内容提示"补充如下内容 公司不触及《上海证券交易所股票上市规则（2024 年 4 月修订）》第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示的情形。 2、在"公告正文"补充如下内容 二、是否可能触及其他风险警示情形 公司不触及其他风险警示情形，具体指标如下： 东鹏饮料（集团）股份有限公司 关于 2024 年年度利润分配预案的补充公告 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。 根据上海证券交易所信息披露规则的有关规定，东鹏饮料（集团）股份有限 公司（以下简称"公司"）对 2025 年 3 月 8 日披露的《关于 2024 年年度利润分配 预案的公告》（2025-011）进行如下补充披露： | 项目 | 本年度 | 上年度 | 上上年度 | | --- | --- | --- | --- | | 最近三个会计年度累计现金分红 及回购注销总额（元） | | | 4,100,102,500 | | 现金分红比例（%） | | | 1 ...

重要内容提示： 1.委托理财受托方：上海海通证券资产管理有限公司、中国银行股份有限公 司、海通期货股份有限公司、华泰证券（上海）资产管理有限公司、华夏银行股 份有限公司、北银理财有限责任公司； 2.本次委托理财金额：合计 105,000.00 万元； 3.委托理财产品类型：理财、结构性存款、资管计划； 证券代码：605499 证券简称：东鹏饮料 公告编号：2025-026 东鹏饮料（集团）股份有限公司 关于使用部分闲置自有资金进行现金管理的进展公告 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。 4.委托理财期限：14 天、17 天、3 个月、200 天、无固定期限； 5.履行的审议程序：东鹏饮料（集团）股份有限公司（以下简称"公司"） 于 2024 年 4 月 12 日召开第三届董事会第四次会议、第三届监事会第四次会议及 2024 年 5 月 17 日召开 2023 年年度股东大会，分别审议通过了《关于 2024 年度 使用闲置自有资金进行现金管理的议案》，公司股东大会授权公司及其子公司在 保证日常经营资金需求和资金安全的前 ...

业绩高增长，多元化布局见成效 [Table_StockName] ——东鹏饮料（605499）点评报告 [Table_ReportDate] [Table_Summary] 事件: 2025 年 3 月 8 日，公司发布 2024 年年度报告。 投资要点: 公司 2024 年全年业绩高增长。2024 年全年，公司实现营收 158.39 亿 元（同比+40.63%），归母净利润 33.27 亿元（同比+63.09%），扣非归 母净利润 32.62 亿元（同比+74.48%）。其中 2024Q4 单季度公司营收 /归母净利润分别同比+25.12%/+61.21%至 32.81/6.19 亿元，扣非归母 净利润同比增加 62.97%至 5.99 亿元，增速环比 2024Q3 有所放缓， 但仍保持在高增长区间。 证券研究报告|食品饮料 紧抓消费复苏与健康化升级契机，多元化产品战略布局已见成效：2024 增持(维持) 年，公司继续实行全渠道精耕策略，同时积极开拓全国销售渠道，带动 500ml 金瓶及"东鹏补水啦" 等新品销量增长，500ml 瓶装东鹏特饮 在尼尔森中国饮料单品排行中稳居前三。据尼尔森 IQ 公开发布的数 ...

Investment Rating - The investment rating for the company is "Add" [4][11]. Core Views - The company achieved significant growth in 2024, with revenue reaching 15.839 billion yuan, a year-on-year increase of 40.63%, and a net profit attributable to shareholders of 3.327 billion yuan, up 63.09% year-on-year [2][11]. - The company has successfully implemented a diversified product strategy, leading to increased sales in various categories, particularly in energy drinks, which accounted for 83.99% of total revenue [3][11]. - The company aims for a revenue and net profit growth of over 20% in 2025, with adjusted profit forecasts indicating net profits of 4.029 billion yuan in 2025 [11]. Summary by Sections Financial Performance - In Q4 2024, the company reported revenue of 3.281 billion yuan and a net profit of 619 million yuan, with year-on-year growth rates of 25.12% and 61.21%, respectively [2]. - The gross margin for 2024 was 44.81%, an increase of 1.74 percentage points year-on-year, while the net profit margin was 21.00%, up 2.89 percentage points [10]. Product and Market Strategy - The company has focused on a multi-channel strategy, leading to a significant increase in sales of new products like "Dongpeng Water" and maintaining a strong position in the energy drink market, with a market share increase from 43.0% in 2023 to 47.9% in 2024 [3][11]. - The company’s energy drink revenue was 13.304 billion yuan, a year-on-year increase of 28.49%, while electrolyte drink revenue surged by 280.37% to 1.495 billion yuan [3]. Regional Performance - Revenue from the Guangdong region was 4.360 billion yuan, a year-on-year increase of 15.93%, while other regions such as East China and Central China saw revenue growth rates of 45.13% and 48.17%, respectively [3][9]. Future Projections - The company forecasts revenues of 20.154 billion yuan in 2025, with a growth rate of 27.24%, and net profits of 4.029 billion yuan, reflecting a growth rate of 21.11% [11][13].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company achieved a revenue of 15.84 billion yuan in 2024, representing a year-on-year growth of 40.6%, and a net profit of 3.33 billion yuan, up 63.1% year-on-year [6] - The company plans to maintain a high growth target for 2025, aiming for revenue and net profit growth of no less than 20% [6] - The company is expanding its product matrix and enhancing its market presence, with significant growth in various beverage categories [6] Financial Performance Summary - Revenue Forecast: - 2023A: 11.26 billion yuan - 2024A: 15.84 billion yuan - 2025E: 20.73 billion yuan (growth rate of 30.9%) - 2026E: 26.27 billion yuan (growth rate of 26.7%) - 2027E: 32.96 billion yuan (growth rate of 25.4%) [5][7] - Net Profit Forecast: - 2023A: 2.04 billion yuan - 2024A: 3.33 billion yuan - 2025E: 4.34 billion yuan (growth rate of 30.3%) - 2026E: 5.64 billion yuan (growth rate of 30.0%) - 2027E: 7.20 billion yuan (growth rate of 27.7%) [5][7] - Earnings Per Share (EPS) Forecast: - 2023A: 3.92 yuan - 2024A: 6.40 yuan - 2025E: 8.34 yuan - 2026E: 10.84 yuan - 2027E: 13.84 yuan [5][7] - Profitability Metrics: - Return on Equity (ROE) is projected to increase from 32.3% in 2023A to 55.3% in 2027E [5][7] - The company’s gross margin is expected to improve from 43.1% in 2023A to 47.4% in 2027E [7] Market and Operational Insights - The company has expanded its distribution network, with 3,193 distributors and nearly 4 million active terminals by the end of 2024, an increase of 212 distributors and 600,000 terminals from 2023 [6] - The electrolyte beverage segment has shown remarkable growth, with a revenue increase of 280.4% year-on-year in 2024 [6] - The company is also diversifying its product offerings in coffee and tea beverages [6]

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-024 东鹏饮料（集团）股份有限公司 关于召开 2024 年度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 3 月 28 日(星期五)上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 3 月 21 日（星期五）至 3 月 27 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 boardoffice@szeastroc 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 东鹏饮料（集团）股份有限公司（以下简称"公司"）已于 2025 年 3 月 8 日 发布公司 2024 年年度报告，为便于广大投资者更全面深入地了解公司 2024 年年 度经营成果 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-025 东鹏饮料（集团）股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回 并继续进行现金管理的公告 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。 重要内容提示： 1.现金管理受托方：招商银行股份有限公司； 2.本次现金管理金额：合计 7,400.00 万元； 3.现金管理产品类型：结构性存款； 4.现金管理期限：92 天； 5.履行的审议程序：东鹏饮料（集团）股份有限公司（以下简称"公司"）于 2024 年 4 月 12 日召开第三届董事会第四次会议、第三届监事会第四次会议及 2024 年 5 月 17 日召开 2023 年年度股东大会，分别审议通过了《关于 2024 年度 使用闲置募集资金进行现金管理的议案》，公司股东大会拟授权公司及其子公司 在保证日常经营资金需求和资金安全的前提下，使用不超过人民币 2 亿元的范围 内择机购买原则为安全性高、低风险、流动性好的理财产品、不影响募集资金投 资计划正常进行，使用期限自股东大会审议通过之日起至 2024 ...

Group 1 - The compound seasoning industry is expected to reach a revenue of 134.1 billion CNY in 2024, with a compound annual growth rate (CAGR) of 11% from 2019 to 2024 [16][21][29] - The hot pot base market is projected to maintain a growth rate of over 5% in the next five years, with a market size of approximately 600 billion CNY [33][35] - The Chinese compound seasoning sector is still in its growth phase, with significant opportunities for new product development, particularly in categories like sauerkraut fish and crayfish seasoning [41][43] Group 2 - In February, the food and beverage sector outperformed the market by 2.2 percentage points, with sub-sectors like liquor showing strong performance [12][20] - The valuation of the food and beverage sector is at historical lows, with the price-to-earnings (PE) ratio at the 12th percentile and the price-to-book (PB) ratio at the 23rd percentile since 2010 [12][24] - The net inflow of southbound funds in February reached 152.8 billion HKD, indicating strong interest in stocks like Qingdao Beer and COFCO Joycome [12][14] Group 3 - The liquor market is experiencing a recovery, with companies controlling inventory and maintaining prices, as seen with the price of Moutai at 2,210 CNY per bottle [17][32] - The sales of consumer goods improved in February, particularly in beer, dairy products, and frozen foods, while raw material prices showed mixed trends [18][19] - The overall retail sales in January and February 2025 are expected to grow by 4.0% year-on-year, indicating a positive trend in consumer spending [28][31] Group 4 - Investment recommendations include key players in the liquor sector such as Luzhou Laojiao, Jinshiyuan, and Shanxi Fenjiu, as well as consumer goods companies like Yanjing Beer and Tianwei Foods [10][12] - The report emphasizes the potential for new product launches in the compound seasoning market, driven by changing consumer preferences and the expansion of retail channels like Sam's Club [41][43] - The macroeconomic environment is improving, which is expected to boost consumer confidence and spending, further supporting the growth of the food and beverage sector [29][31]

Investment Rating - The investment rating for the company is "Buy" [1][2]. Core Views - The company achieved a revenue of 15.839 billion yuan in 2024, representing a year-on-year increase of 40.63%, with a net profit attributable to the parent company of 3.327 billion yuan, up 63.09% year-on-year [2]. - The company is focusing on deepening its market presence in Guangdong while optimizing its distribution system and business team outside the province, which is expected to support good growth in the energy drink segment nationwide [2][3]. - The "Dongpeng Water" product line has shown excellent performance, with a revenue increase of 114.2% year-on-year in Q4 2024, contributing significantly to overall revenue growth [2]. Financial Summary - Total revenue for 2023 was 11.263 billion yuan, with a year-on-year growth of 32.4%. The projected revenue for 2025 is 21.386 billion yuan, reflecting a growth rate of 35.0% [3]. - The net profit attributable to the parent company for 2023 was 2.040 billion yuan, with a year-on-year increase of 41.6%. The forecast for 2025 is 4.475 billion yuan, indicating a growth of 34.5% [3]. - The gross margin for 2024 is projected to be 44.8%, with a gradual increase to 47.8% by 2027 [3]. - The earnings per share (EPS) for 2024 is estimated at 6.40 yuan, with projections of 8.61 yuan for 2025 and 10.77 yuan for 2026 [3].