Core Viewpoint - Dongpeng Beverage Group Co., Ltd. anticipates a significant increase in its 2025 annual performance, projecting net profit growth of 30.46% to 37.97% compared to the previous year [3][4]. Financial Performance Forecast - The company expects net profit attributable to shareholders to be between 434 million and 459 million yuan, an increase of 101.33 million to 126.33 million yuan from the previous year [3][4]. - The projected net profit after deducting non-recurring gains and losses is estimated to be between 412 million and 435 million yuan, reflecting an increase of 85.78 million to 108.78 million yuan, representing a growth of 26.29% to 33.34% [3][4]. Revenue Expectations - For the fiscal year 2025, the company anticipates operating revenue to be between 2,076 million and 2,112 million yuan, which is an increase of 492.12 million to 528.12 million yuan compared to the previous year's revenue of 1,583.885 million yuan, indicating a growth rate of 31.07% to 33.34% [8]. Business Strategy and Growth Drivers - The company continues to focus on a sales-driven operational strategy, enhancing its national expansion efforts through refined channel management and improved channel operation capabilities [7]. - Dongpeng Beverage is committed to strengthening its core product lines while exploring multi-category development to foster new growth points, thereby driving revenue and profit growth [7].

Group 1: Shanghai Pudong Development Bank - The bank reported a net profit of 50.017 billion yuan for 2025, an increase of 10.52% year-on-year [1][2] - Total operating income reached 173.964 billion yuan, reflecting a growth of 1.88% compared to the previous year [2] - The bank's total assets exceeded 1 trillion yuan, reaching 1,008.1746 billion yuan, a 6.55% increase from the previous year [3] Group 2: Dongpeng Beverage - Dongpeng Beverage expects a net profit between 4.34 billion and 4.59 billion yuan for 2025, representing a year-on-year growth of 30.46% to 37.97% [4] - The anticipated operating income is projected to be between 20.76 billion and 21.12 billion yuan, indicating a growth of 31.07% to 33.34% [4] Group 3: TCL Technology - TCL Technology forecasts a net profit of 4.21 billion to 4.55 billion yuan for 2025, marking a significant increase of 169% to 191% year-on-year [5][6] - The company expects to surpass 100 billion yuan in operating revenue, with net profit exceeding 8 billion yuan [5] Group 4: Changjiang Electric Power - Changjiang Electric Power reported a net profit of 34.167 billion yuan for 2025, a 5.14% increase year-on-year [8] - The total operating revenue for the year is expected to be 85.882 billion yuan, reflecting a growth of 1.65% [8] Group 5: China Gold - China Gold anticipates a net profit of 286 million to 368 million yuan for 2025, a decrease of 55% to 65% year-on-year [21] - The decline is attributed to market fluctuations and reduced consumer traffic [21] Group 6: LaKala - LaKala expects a net profit between 1.06 billion and 1.2 billion yuan for 2025, representing a growth of 202% to 242% year-on-year [22] - The increase is primarily due to significant investment income from stock holdings [22] Group 7: Baiwei Storage - Baiwei Storage projects a net profit of 850 million to 1 billion yuan for 2025, indicating a year-on-year increase of 427% to 520% [23] - The growth is driven by improved sales and gross margins in the AI sector [23] Group 8: Shengxin Lithium Energy - Shengxin Lithium Energy forecasts a net loss of 600 million to 850 million yuan for 2025, similar to the previous year's loss [24] - The company attributes the loss to industry supply-demand dynamics and increased exchange losses [24] Group 9: Zhongguancun Online - Zhongguancun Online expects a net loss of 580 million to 700 million yuan for 2025, a significant increase from the previous year's loss of 243 million yuan [25] - The losses are linked to increased promotional investments in overseas markets [25] Group 10: Huaxia Happiness - Huaxia Happiness anticipates a net loss of 16 billion to 24 billion yuan for 2025, a substantial increase from the previous year's loss of 4.817 billion yuan [26] - The decline is due to reduced project turnover and high financial costs [26]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of Eastroc Beverage (Group) Co., Ltd. 東鵬飲料（集團）股份有限公司 (the "Company") (A joint stoc ...

香港聯合交易所有限公司及證券及期貨事務監察委員會對本聆訊後資料集的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本聆訊後資料集全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 Eastroc Beverage (Group) Co., Ltd. 東鵬飲料（集團）股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警 告 本聆訊後資料集乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委 員會（「證監會」）的要求而刊發，僅用作提供資料予香港公眾人士。 本聆訊後資料集為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下 閱覽本文件，即代表 閣下知悉、接納並向本公司、本公司的聯席保薦人、整體協調人、 顧問或承銷團成員表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依據於香港公司註 冊處處長註冊的本公司招股章程作出投資決定，招股章程的文本將於發售期內向公眾 人士派發。 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的；投資者 不應根據本文件中的資料作出任何投資決定； ( ...

Mergers and Acquisitions - Lianjian Technology plans to acquire 55% equity of Zhongding Testing for 101 million yuan, making it a subsidiary included in the consolidated financial statements after the transaction [1] Termination of Asset Purchase - Yaxing Chemical announced the termination of its plan to issue shares and pay cash for the acquisition of 100% equity of Shandong Tianyi Chemical, which was expected to constitute a major asset restructuring [2] Earnings Disclosure - Kanglong Chemical expects a net profit of 1.614 billion to 1.686 billion yuan for 2025, a year-on-year decrease of 6% to 10%, while revenue is projected to grow by 13% to 16% [3] - Yongyou Network anticipates a net loss of 1.3 billion to 1.39 billion yuan for 2025, reducing losses by 671 million to 761 million yuan year-on-year [4] - Dongpeng Beverage expects a net profit of 4.34 billion to 4.59 billion yuan for 2025, an increase of 1.013 billion to 1.263 billion yuan, representing a growth of 30.46% to 37.97% [5] - Pudong Development Bank forecasts a net profit of 50.017 billion yuan for 2025, a year-on-year increase of 10.52%, with revenue expected to be 173.964 billion yuan, up 1.88% [6] Shareholding Changes - Zhang Yijie, a shareholder of Jixin Technology, plans to reduce holdings by up to 969,030 shares, not exceeding 1% of the total share capital, for personal financial needs [8] - Quantum Leap, a shareholder of Zhangyue Technology, intends to reduce its stake by up to 438,900 shares, not exceeding 1% of the total share capital, due to personal needs [7] - Alibaba Health, a major shareholder of Shuyupingmin, plans to reduce its holdings by up to 810,720 shares, accounting for 2% of the total share capital, for personal financial needs [9] - Anyang Qixu, a shareholder of Xiangyu Medical, intends to reduce its stake by up to 480,000 shares, not exceeding 3% of the total share capital, due to personal financial needs [10] Risk Matters - *ST Lifang announced that its stock price has fallen below 1 yuan, which may lead to delisting due to the stock price being below par value, and it has received a notice of administrative penalty for false records in annual reports from 2021 to 2023 [11]

Group 1 - The core viewpoint of the article is that Dongpeng Beverage (605499) has announced an expected net profit for 2025 ranging from 4.34 billion to 4.59 billion yuan, indicating a year-on-year growth of 30.46% to 37.97% [2] Group 2 - On January 13, Dongpeng Beverage's stock closed at 272.61 yuan, down 0.62%, with a daily turnover rate of 0.35% and a transaction volume of 500 million yuan, reflecting a decline of 1.94% over the past five days [2] - The stock experienced a net outflow of 10.65 million yuan in principal funds today, with a total net outflow of 64.77 million yuan over the past five days [2] - As of January 12, the latest margin trading balance was 305 million yuan, with a financing balance of 300 million yuan, which increased by 7.01% compared to the previous trading day, and a cumulative growth of 6.31% over the past five days [2] Group 3 - In terms of institutional ratings, the stock has received buy ratings from five institutions in the past month [2] - The highest target price for the stock is set at 341.71 yuan by Guotai Junan Securities, as reported on December 19 [2]

Core Viewpoint - Dongpeng Beverage announced an expected increase in net profit for the year 2025, projecting a range between 4.34 billion yuan and 4.59 billion yuan, which represents an increase of 1.01329 billion yuan to 1.26329 billion yuan compared to the previous year, reflecting a growth rate of 30.46% to 37.97% [1] Summary by Category - **Company Performance** - The company anticipates a net profit attributable to shareholders of the parent company to be between 4.34 billion yuan and 4.59 billion yuan for the year 2025 [1] - This projection indicates an increase of 1.01329 billion yuan to 1.26329 billion yuan compared to the same period last year [1] - The expected growth rate is between 30.46% and 37.97% [1]

Group 1 - Hangxiao Steel Structure announced that it does not have a "commercial aerospace" business, with its main operations focused on steel structure contracting and related services, and a recent project contributing less than 1% to its 2024 audited revenue [1] - Tianlong Group stated that it has not generated additional revenue from AI tools, which are currently used internally for advertising content creation, and that the overall business operations remain unaffected [1] - Wanxing Technology confirmed that there are no undisclosed significant matters affecting its operations, and its business environment remains stable [2] Group 2 - Yaxing Chemical announced the termination of a share issuance and cash purchase of assets due to market changes and disagreements on asset valuation [2] - Zhejiang Shuculture clarified that its subsidiaries do not engage in GEO business, which has been misreported by media [2] - Luxshare Precision terminated the acquisition of assets from Wintime Technology due to delivery restrictions, with a request for the return of 1.53 billion RMB [3] Group 3 - Jinyu Group reported that its subsidiaries' revenues from specific projects are minimal compared to its overall revenue, with a small contribution from recent contracts [4] - Tongyu Communication highlighted that its stock price has significantly outpaced its fundamentals, indicating potential risks of a price correction [4] - Dongfang Mingzhu noted that the listing process for its investment in Chaoguhuan has uncertainties but currently does not impact its performance [5] Group 4 - Luyin Investment warned of risks associated with its stock price surge, which has increased by 86.92% over the last ten trading days [5] - Puyuan Information stated that its AI software platform is in the early commercialization stage, with limited revenue impact expected [6] - Zhejiang Wenhu Intermediary reported that its GEO business has not yet generated revenue, reflecting uncertainties in market acceptance [6] Group 5 - Xinhua News confirmed that its GEO business lacks a mature profit model and has not generated income [7] - People's Daily stated that it does not engage in GEO business and has not been affected by market rumors [7] - China First Heavy Industries reported minimal involvement in controllable nuclear fusion projects, with no significant revenue generated [8] Group 6 - Xibu Mining announced an increase in copper resources at the Yulong Copper Mine, adding 131.42 million tons of copper metal resources [8] - Jiurui New Materials commenced trial production of a new photoinitiator project, expected to cater to mainstream markets [9] - Tongda Sea indicated that AI-related revenue is low and does not significantly impact overall business performance [10] Group 7 - Zhenai Meijia's stock price has deviated significantly from market indices, prompting caution for investors [11] - Guizhou Moutai approved a new marketing strategy to enhance its sales channels and adapt to consumer demands [12] - Shunhao Co. plans to increase its stake in a subsidiary, reflecting confidence in future business prospects [14] Group 8 - A number of companies, including TCL Technology and Dazhu CNC, forecast significant profit increases for 2025, driven by operational improvements and market demand [19][22] - Long Cable Technology expects a profit increase due to changes in its employee stock plan and market conditions [22] - Jiangsu Electric Power reported a profit increase attributed to higher sales and reduced financial costs [29]

Group 1: Dongpeng Beverage - Dongpeng Beverage plans to raise approximately $1 billion (around 7.8 billion HKD) through its upcoming Hong Kong IPO, with book building expected to start in the week of January 26 [1] - Dongpeng is recognized as the leading functional beverage company in China, with the highest revenue growth among the top 20 listed soft drink companies globally [1] - According to a report by Frost & Sullivan, Dongpeng has maintained its position as the number one functional beverage brand in China for four consecutive years since 2021, increasing its market share from 15.0% in 2021 to 26.3% in 2024 [1] - By retail value, Dongpeng is projected to be the second-largest functional beverage company in 2024, holding a market share of 23.0% [1] Group 2: Muyuan Foods - Muyuan Foods is a technology-driven leader in the pork industry, recognized as a pioneer in smart pig farming [2] - The company employs a vertically integrated business model that encompasses the entire pork supply chain, including breeding, farming, feed production, and meat processing [2] - Revenue from the sale of commercial pigs constitutes a significant portion of Muyuan's total income, accounting for 92.8%, 96.5%, 95.2%, 93.0%, and 92.7% of total revenue for the years 2022, 2023, 2024, and the six months ending June 30, 2024, and 2025, respectively [2]

Group 1: Dongpeng Beverage - Dongpeng Beverage plans to raise approximately $1 billion (around 7.8 billion HKD) through its upcoming Hong Kong IPO, with book building expected to start in the week of January 26 [1] - Dongpeng is the leading functional beverage company in China, with the highest revenue growth among the top 20 listed soft drink companies globally [1] - According to a report by Frost & Sullivan, Dongpeng has ranked first in the Chinese functional beverage market by sales for four consecutive years since 2021, with market share increasing from 15.0% in 2021 to 26.3% in 2024 [1] - By retail revenue, Dongpeng is projected to be the second-largest functional beverage company in 2024, holding a market share of 23.0% [1] Group 2: Muyuan Foods - Muyuan Foods is a technology-driven leader in the pork industry, recognized as a pioneer in smart pig farming [2] - The company employs a vertically integrated business model that covers the entire pork industry chain, including breeding, farming, feed production, and slaughtering [2] - Revenue from the sale of commercial pigs constitutes a significant portion of Muyuan's total income, accounting for 92.8%, 96.5%, 95.2%, 93.0%, and 92.7% for the years 2022, 2023, 2024, and the six months ending June 30, 2024, and 2025, respectively [2]