Core Insights - Dongpeng Beverage reported a strong performance in the first half of 2023, with revenue reaching 5.46 billion yuan, a year-on-year increase of 27.24%, and net profit of 1.108 billion yuan, up 46.84% [1] - The food and beverage industry is experiencing a recovery, with over 60% of the 54 listed companies in the sector reporting profit forecasts, and more than 50% expecting net profit growth [1] - Dongpeng's market position remains strong, with its energy drink sales volume increasing from 36.70% to 40.86% in the Chinese market [1] Financial Performance - In Q2 2023, Dongpeng achieved revenue of 2.969 billion yuan, a 30% year-on-year increase and a 19% quarter-on-quarter increase, with net profit of 611 million yuan, reflecting a 49% year-on-year and 23% quarter-on-quarter growth [1] - The company's core product, Dongpeng Special Drink, sold 1.207 million tons, generating 5.135 billion yuan in revenue, a 24.69% increase, although its revenue share decreased from 96.13% to 94.13% [2] Strategic Developments - Dongpeng is diversifying its product offerings, focusing on energy drinks as the primary growth curve and introducing coffee and electrolyte drinks as a secondary growth curve [2] - Other beverage sales, excluding Dongpeng Special Drink, reached 173,200 tons, with revenue of 320 million yuan, marking a 92.85% increase and an increase in overall revenue share from 3.87% to 5.87% [2] Market Expansion - As of June 2023, Dongpeng's distributor count reached 2,796, and the number of sales outlets grew to 3.3 million, a 32% increase [3] - Revenue growth was observed across major regional markets, with Guangdong's revenue at 1.879 billion yuan (up 14.05%), and significant growth in Southwest and North China regions, with increases of 59.71% and 67.91% respectively [3] - The company's reliance on the Guangdong market is decreasing, with its revenue share in the region dropping to 34.45%, down 4 percentage points from the previous year [3]

Financial Performance - The company's total revenue for 2022-2024 is projected to be 8.5 billion, 11.257 billion, and 15.83 billion, with year-on-year growth rates of - / 32.4% / 40.6%. In the first half of 2025, total revenue reached 10.737 billion, a year-on-year increase of 36.37% [1] - Gross profit margins for 2022-2024 are 41.6%, 42.3%, and 44.1%, with a margin of 45.15% in the first half of 2025, reflecting a 0.55 percentage point increase attributed to lower raw material prices [1] Product Aspects - Dongpeng Special Drink remains the company's primary product, contributing 8.361 billion in revenue in the first half of 2025, a year-on-year increase of 21.91%, with a gross margin of 50.61% [2] - The introduction of "Bushuila" in 2023 has shown rapid growth, achieving sales of approximately 4 billion in its first year and projected to reach about 15 billion in 2024, contributing around 1.5 billion in the first half of 2025 [2] Regional Revenue - The company has a solid base in Guangdong, with rapid growth in national markets. In the first half of 2025, revenue contributions from various regions were Guangdong (2.546 billion), North China (1.708 billion), East China (1.536 billion), and Central China (1.377 billion), with year-on-year growth rates of 20.61%, 73.03%, 32.62%, and 28.91% respectively [3][4] Sales and Marketing Strategies - Sales expenses have increased significantly, with 2022-2024 expenses at 1.449 billion, 1.956 billion, and 2.681 billion, reflecting year-on-year growth rates of 5.91%, 34.94%, and 37.09% [6] - The company has implemented a "one yuan exchange" promotion to enhance consumer repurchase desire, benefiting both consumers and retail stores [7] Market Trends - The energy drink market in China has significant growth potential, with per capita consumption at 2.8 liters per year compared to higher rates in the US, Japan, and Thailand [15] - The functional beverage sector is becoming increasingly crowded, with competitors like Red Bull, Monster, and new entrants like Dali Foods' "Lehu" [18][20] Financial Structure - The company has a high debt level, with liabilities increasing significantly, particularly short-term loans, which reached 6.551 billion in 2024 [26] - Despite high cash reserves, the company has been criticized for high dividends amidst rising debt, potentially transferring risk to minority shareholders [26] Ownership Structure - The company is gradually becoming a family business, with the founder's family holding approximately 67.71% of shares, while institutional ownership has decreased significantly over recent years [23][25]

Group 1 - The company held its first extraordinary general meeting of shareholders in 2025 on August 11, 2025, at its headquarters in Shenzhen [2][3] - All 10 current directors and the board secretary attended the meeting, along with senior management [3] - The meeting adopted a combination of on-site and online voting methods, complying with the Company Law and the company's articles of association [2] Group 2 - The meeting approved several resolutions, including the 2025 semi-annual profit distribution plan and the establishment and modification of internal governance systems [4][5] - A total of seven sub-resolutions related to the management of raised funds, external donations, external investments, external guarantees, related party transactions, independent director work systems, and prevention of fund occupation by controlling shareholders were all passed [6][7] - The meeting also approved four sub-resolutions regarding internal governance systems applicable after the H-share issuance and listing [7] Group 3 - The meeting's resolutions were all passed with more than two-thirds of the voting rights held by attending shareholders and representatives [8] - The meeting was witnessed by lawyers from Beijing Deheng (Shenzhen) Law Firm, who confirmed that the meeting's procedures and resolutions complied with relevant laws and regulations [9]

Meeting Details - The first extraordinary general meeting of shareholders for 2025 was held on August 11, 2025, at the company's VIP meeting room in Shenzhen [1] - The meeting was conducted in accordance with the Company Law and the Articles of Association, utilizing both on-site and online voting methods [1] Voting Results - All proposed resolutions were approved with significant majority votes: - The first resolution received 99.9984% approval from A-shareholders, with only 0.0013% opposing [1] - The second resolution had 93.4901% approval, with 6.4534% against [1] - The third resolution achieved 99.4239% approval, with 0.5754% opposing [1] - The fourth resolution also passed with 99.9979% approval, and only 0.0012% against [2] Legal Compliance - The meeting was witnessed by legal representatives who confirmed that the procedures and voting results complied with relevant laws and regulations, ensuring the legality and validity of the resolutions passed [3]

Core Points - The legal opinion from Beijing Deheng (Shenzhen) Law Firm confirms the legality of the convening and conducting of the 2025 First Extraordinary General Meeting of Dongpeng Beverage (Group) Co., Ltd. [2][9] - The meeting was held on August 11, 2025, with a total of 393 shareholders present, representing 435,470,332 shares, which is 83.7422% of the total shares with voting rights [6][7]. Meeting Procedures - The meeting was convened by the company's board of directors, and the notice was published in various financial newspapers and on the Shanghai Stock Exchange website [5][6]. - The actual time and location of the meeting matched the details provided in the notice, ensuring compliance with relevant laws and regulations [5][9]. Attendance and Voting - A total of 393 shareholders and their proxies attended the meeting, with the voting conducted both on-site and via the Shanghai Stock Exchange's online voting system [6][8]. - The voting results were announced at the meeting, with specific attention given to the voting outcomes of minority shareholders [8][10]. Resolutions Passed - The meeting passed several resolutions, including the profit distribution plan for the first half of 2025, with 99.9926% of the attending shareholders voting in favor [9][10]. - Other governance-related proposals were also approved, with significant majority support, indicating strong shareholder backing for the company's internal governance changes [9][10]. Conclusion - The legal opinion concludes that all aspects of the meeting, including the convening, attendance, proposals, and voting procedures, complied with the Company Law, Securities Law, and the company's articles of association, rendering the resolutions valid [9][11].

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-056 东鹏饮料（集团）股份有限公司 2025年第一次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 集，董事长主持，本次股东会采用现场投票和网络投票相结合的方式召开，会议 的召集、召开和表决符合《公司法》及《公司章程》的规定。 (五)公司董事和董事会秘书的出席情况 1、公司在任董事10人，出席10人； 2、董事会秘书张磊出席了本次会议，公司高级管理人员列席了本次会议。 (一)股东会召开的时间：2025 年 8 月 11 日 (二)股东会召开的地点：公司二楼 VIP 会议室（地址：深圳市南山区桃源街道珠 光北路 88 号明亮科技园 3 栋东鹏饮料） (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 393 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 435,470,332 ...

北京德恒（深圳）律师事务所 关于东鹏饮料（集团）股份有限公司 2025 年第一次临时股东会之 法律意见 深圳市福田区金田路 4018 号安联大厦 B 座 11 楼 电话:0755-88286488 传真:0755-88286499 邮编:518026 北京德恒（深圳）律师事务所 关于东鹏饮料（集团）股份有限公司 2025年第一次临时股东会之法律意见 北京德恒（深圳）律师事务所 关于东鹏饮料（集团）股份有限公司 2025 年第一次临时股东会之 法律意见 德恒 06G20250094 号 东鹏饮料（集团）股份有限公司（以下简称"公司"）2025 年第一次临时股 东会（以下简称"本次会议"）于 2025 年 8 月 11 日（星期一）召开。北京德恒（深 圳）律师事务所（以下简称"德恒"）受公司委托，指派汤海龙律师、王茂竹律师 （以下简称"德恒律师"）出席了本次会议。根据《中华人民共和国证券法》（以 下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、 中国证券监督管理委员会《上市公司股东会规则》（以下简称"《股东会规则》"）、 《东鹏饮料（集团）股份有限公司章程》（以下简称"《公司章程》"） ...

Core Insights - Brand Finance's evaluation system includes Brand Strength Index (BSI), financial performance, and market competitiveness, highlighting the importance of brand value in the global beverage market [2] - Chinese brands are increasingly significant in the global food and beverage market due to rapid growth, cross-category leadership, and robust development strategies [2] - Dongpeng Beverage has significantly increased its market share in the domestic functional beverage sector and is accelerating its expansion into Southeast Asia [2] Company Overview - Dongpeng Beverage, originating from energy drinks, aims to provide high-quality beverages under its brand vision of empowering hardworking individuals [2] - The company boasts a billion-level energy drink brand, Dongpeng Special Drink, along with other products like Dongpeng Water [2] - Dongpeng is advancing its internationalization strategy, exporting products to 25 countries and regions, and leveraging major international events to showcase its brand [2] Market Position - Dongpeng Beverage is recognized as a trusted choice among consumers, representing a strong Chinese brand with excellent functional and emotional value [2] - The company maintains a steady growth trajectory, projecting a total revenue of 15.8 billion yuan for the year 2024 [2] - The importance of brand value is increasingly emphasized alongside China's economic development and consumer upgrade trends [2] Future Outlook - Dongpeng Beverage plans to continue focusing on innovation and quality, aiming to become a leading multi-category beverage group in China [2]

Group 1 - BrandFinance's report ranks Eastroc (东鹏饮料) among the top ten global non-alcoholic beverage brands for the first time, with a brand value of $3.1 billion, highlighting the strength of Chinese beverage brands on the international stage [1][2] - The report indicates that Chinese brands are increasingly important in the global food and beverage market due to rapid growth and strong leadership across categories [3] - Eastroc has significantly increased its market share in the domestic functional beverage sector and is accelerating its expansion into Southeast Asia [3] Group 2 - Eastroc's product portfolio includes high-quality offerings such as Eastroc Energy Drink, Eastroc Hydration, Eastroc Coffee, and various tea products, catering to diverse consumer needs [3] - The company has exported products to 25 countries and regions, leveraging international events like the Asian Games and World Cup to enhance brand visibility [3] - In 2024, Eastroc's revenue is projected to reach 15.8 billion yuan, reflecting a year-on-year growth of over 40%, demonstrating strong brand resilience and high-quality growth [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 605499 | 东鵬饮料 | 292.67 | -1.75% | 2.67万 | 7.79亿 | | 002570 | 贝因美 | 7.27 | -1.36% | 162.62万 | 11.82亿 | | 300106 | 西部牧业 | 12.15 | -1.06% | 30.69万 | 3.76亿 | | 600419 | 天润乳业 | 11.21 | -0.27% | 6.19万 | 6954.42万 | | 603156 | 乔元饮品 | 21.42 | -0.05% | 2.10万 | 4503.44万 | | 600882 | 妙可蓝多 | 27.24 | 0.15% | 3.53万 | 9624.16万 | | 832786 | 骑士乳业 | 10.88 | 0.18% | 10.98万 | 1.19亿 | | 600429 | 三元股份 | 4.69 | 0.21% | 8.84万 | 4148.81万 | | 300915 | 海 ...