Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is expected to achieve a revenue of 157.2 to 161.0 billion yuan in 2024, representing a year-on-year growth of 40% to 43%. The net profit attributable to the parent company is projected to be between 31.5 to 34.5 billion yuan, indicating a year-on-year increase of 54% to 69% [2][3] - The fourth quarter of 2024 is anticipated to see revenue of 31.6 to 35.4 billion yuan, with a year-on-year growth of 20.6% to 35.1%. The net profit for this quarter is expected to be between 4.4 to 7.4 billion yuan, showing a year-on-year increase of 15.2% to 93.3% [2][3] Financial Performance Summary - For 2024, the company forecasts total revenue of 16,017 million yuan, a 42.21% increase from the previous year. The net profit attributable to the parent company is expected to reach 3,351 million yuan, reflecting a 64.31% year-on-year growth [1][10] - The earnings per share (EPS) for 2024 is projected to be 6.45 yuan, with a price-to-earnings (P/E) ratio of 38.29 based on the latest diluted figures [1][10] - The company has shown strong cash flow, with operating cash flow expected to be 5,152 million yuan in 2024, indicating robust financial health [10] Market Position and Strategy - The company is expanding its domestic production capacity and has a long-term vision for overseas market growth, positioning itself as a leading beverage brand in new first-tier cities [9] - The report highlights the company's proactive channel and terminal strategies, with a focus on enhancing brand strength and expanding its product matrix [9]

1月20日，东鹏饮料（605499.SH）发布2024年全年业绩预增公告。公司预计2024年全年实现营业收入 157.20亿元到161.00亿元，增幅为40%到43%，在上年高基数基础上再度强势跃升；实现归母净利润 31.50亿元到34.50亿元，同比增长54%到69%，盈利能力一路攀升。2024年，东鹏饮料在产品多元化、 业务布局全国化的发展策略下，一路披荆斩棘，不仅为全年业绩筑牢根基，更在复杂多变的市场环境下 逆势突围，实现了全年营收、净利润的爆发式增长，也赢得了各方对公司战略和发展前景的高度赞誉。 东鹏特饮作为东鹏饮料的核心产品，在2024年销售额突破百亿元，持续巩固公司在能量饮料市场的优势 地位。这款大单品凭借长期积累的品牌效应、符合市场需求的产品特性，保持着稳定增长，使东鹏饮料 多年来在饮料行业底气十足。 与此同时，东鹏饮料积极推进多元化产品布局，东鹏"补水啦"已经显示出强劲的增长势头。2024年，东 鹏"补水啦"在前三季度实现营收12.11亿元，同比增长292.11%，成为公司新的业绩增长点。这款产品精 准定位运动饮料、日常健康补水等细分市场，结合多样化口味及迎合低糖需求的0糖配方，深受消费者 欢 ...

公司在夯实东鹏特饮基本盘，持续保持稳健增长的基础上，积极探索多品类发展，培育新的增长点，为 公司的持续增长注入了新的活力，从而进一步带动收入的增长。 e公司讯，东鹏饮料(605499)1月20日晚间公告，经财务部门初步测算，预计2024年度实现归属于母公司 所有者的净利润在31.5亿元到34.5亿元之间，与上年同期相比，增幅为54%到69%。 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 3,150 million and 3,450 million CNY, an increase of 1,110 million to 1,410 million CNY compared to the previous year, representing a growth of 54% to 69%[3] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 3,070 million and 3,370 million CNY, an increase of 1,200 million to 1,500 million CNY compared to the previous year, indicating a growth of 64% to 80%[3] - The company anticipates operating revenue for 2024 to be between 15,720 million and 16,100 million CNY, reflecting a year-on-year increase of 4,457 million to 4,837 million CNY, which corresponds to a growth rate of 40% to 43%[8] - The net profit for the previous year was 2,039 million CNY, and the net profit after deducting non-recurring gains and losses was 1,870 million CNY[6] Cash Flow and Sales Strategy - The company has received over 20 billion CNY in cash from sales during the performance forecast period[8] - The company is focusing on a nationwide strategy and enhancing channel management to drive sales growth[8] Performance Forecast Reliability - There are no significant impacts from non-operating gains and losses on the company's performance[9] - The company confirms that there are no major uncertainties affecting the accuracy of this performance forecast[12] - The data provided is preliminary and subject to final confirmation in the official 2024 annual report[13] - The company has not identified any other factors that would significantly impact the performance forecast[11]

东鹏饮料在医疗公益方面投入了大量资源。自2017年以来，东鹏饮料持续支持韩红爱心"百人医疗援 助"公益行动，深入全国多个省份，致力于提升乡村基层的医疗水平，已累计捐赠10座急救室、11所复 明中心、80辆救护车等医疗设施。2024年，东鹏饮料在"韩红爱心·百人援吉"大型义诊公益行动中，向 吉林省捐赠了关键医疗设备，并组织专业医疗团队开展义诊活动，为基层医务工作者和当地居民提供了 切实有效的医疗支持。 在当今商业社会，企业的发展不仅仅局限于追求经济效益，更应主动承担起相应的社会责任，助力社会 治理，推动社会进步。东鹏饮料（605499.SH）作为国内知名的饮料品牌，以低调务实的作风，在企业 发展的同时，积极投身公益事业，成为行业内的典范。 东鹏饮料低调务实，现总部位于一工业区的五层楼房内的一、二、三层，办公面积相对较小，周围环境 也较为朴素。然而，正是在这样简朴的办公环境中，东鹏饮料凭借对品质的坚守和对创新的执着，不断 发展壮大。公司没有将大量资金用于豪华办公场所的打造，而是将资源更多地投入到产品研发、市场拓 展以及公益事业中。 东鹏饮料作为一家具有深厚社会责任感的民族企业，多年来始终秉持"让爱更有能量"的公益 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2024-102 东鹏饮料（集团）股份有限公司 关于与广东东鹏饮料有限公司合资设立印度尼西亚公司的 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： 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十二次会议审议通过，本次对外投资事项在董事会权 限范围内，无需提交公司股东大会审议。 风险提示：本次对外投资尚需履行国内境外投资备案或审批手续，以及印 度尼西亚当地投资许可和企业登记等审批程序，尽管目前评估不存在重大法律障 碍，但依然存在不能获得相关主管部门批准的风险，本次对外投资能否顺利实施 存在一定的不确定性。 一、对外投资概述 （二）审议和表决情况 公司于 2024 年 12 月 13 日召开的第三届董事会第十二次会议审议通过《关 于与广东东鹏饮料有限公司合资设立印尼公司的议案》，具体内容详见公司于 2024 年 12 月 14 日在上海证券交易所网站披露的《东鹏饮料（集团）股份有限 公司关于与广东东鹏饮料有限公 ...

证券代码：605499 证券简称：东鹏饮料 公告编号 2024-101 会议由监事会主席余斌先生主持。会议召开符合有关法律、法规、规章和《公 司章程》的规定。 二、监事会会议审议情况 （一）审议通过《关于与广东东鹏饮料有限公司合资设立印尼公司的议案》 监事会认为：公司与全资子公司广东东鹏饮料有限公司合资设立印尼公司， 主要围绕软饮料的生产与贸易开展业务，致力于拓宽公司海外市场业务，符合公 司业务发展需求，不会影响公司生产经营活动的正常运作，不会导致公司主营业 务发生重大变化，不存在损害公司和全体股东利益的情形。 东鹏饮料（集团）股份有限公司 第三届监事会第十一次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 东鹏饮料(集团)股份有限公司（以下简称"公司"）第三届监事会第十一次 会议于 2024 年 12 月 13 日（星期五）在公司二楼 VIP 会议室以现场结合通讯的 方式召开。会议通知已于 2024 年 12 月 09 日通过通讯方式送达各位监事。本次 会议应出席监事 3 人，实际出席监 ...

证券代码：605499 证券简称：东鹏饮料 公告编号 2024-100 东鹏饮料（集团）股份有限公司 第三届董事会第十二次会议决议公告 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。 （一）审议通过《关于与广东东鹏饮料有限公司合资设立印尼公司的议案》 具体内容详见在上海证券交易所网站（http://www.sse.com.cn）上披露的 《关于与广东东鹏饮料有限公司合资设立印度尼西亚公司的公告》。 表决结果：9 票同意，0 票反对，0 票弃权。本议案获得通过。 一、董事会会议召开情况 东鹏饮料(集团)股份有限公司（以下简称"公司"）第三届董事会第十二次 会议于 2024 年 12 月 13 日（星期五）在公司二楼 VIP 会议室以现场结合通讯的 方式召开。会议通知已于 2024 年 12 月 09 日通过通讯方式送达各位董事。本次 会议应出席董事 9 人，实际出席董事 9 人。 会议由董事长林木勤先生主持，公司董事会秘书、全体监事列席。会议召开 符合有关法律、法规、规章和《公司章程》的规定。 二、董事会会议审议情况 董事会 2 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2024-099 东鹏饮料（集团）股份有限公司 关于对外投资进展暨全资子公司签订国有建设用地 使用权出让合同的公告 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。 一、对外投资概述 东鹏饮料（集团）股份有限公司(以下称"公司"）于2024年4月22日召开的 第三届董事会第五次会议，审议通过《关于拟签署投资协议书暨设立全资子公司 的议案》，同意公司与中山市华南现代中医药城发展有限公司签订《中山翠亨新 区项目投资协议》并在中山市翠亨新区设立项目公司，投资建设"东鹏饮料集团 中山翠亨新区项目"。具体内容详见公司于2024年4月23日在上海证券交易所网 站（www.sse.com.cn）及公司指定信息披露报刊上披露的相关公告。 2024年4月29日，公司与中山市华南现代中医药城发展有限公司签订了《东 鹏饮料集团中山翠亨新区项目投资协议》，并成立了全资子公司中山市东鹏维他 命饮料有限公司（以下简称"中山东鹏"）负责"东鹏饮料集团中山翠亨新区项 目"的建设、生产经营，具体内容详见公司于 ...

Summary of Dongpeng Beverage Conference Call Company Overview - **Company**: Dongpeng Beverage - **Industry**: Beverage Industry, specifically focusing on energy and functional drinks Key Points and Arguments Financial Performance - In the first three quarters of 2023, Dongpeng Beverage's performance exceeded expectations, with new products being launched and production capacity meeting market demand, although there was a contraction in the catering business [2][3] - The company achieved approximately 12 billion yuan in sales in the third quarter, indicating a strong market presence despite being a newcomer in the mindset functional beverage market [9] National Expansion - Dongpeng Beverage has been advancing its national layout since 2013, with significant growth in the northern market, particularly after the establishment of the Tianjin production base. National revenue now accounts for over 50%, while the Guangdong region's share has decreased to around 30% [2][6] Product Development - The Dongpeng Special Drink has shown strong performance in the energy drink market, with an increasing repurchase rate. The company plans to continue promoting the 500ml large bottle while introducing 450ml small bottles and 250ml cans to cater to diverse consumer needs [2][5] - The "Calcium Magnesium Water" product has performed well in the hydration segment, and the company will increase advertising efforts to enhance brand recognition and collaborate with competitors to promote the electrolyte functional beverage market [2][8] Digital Transformation - Dongpeng is actively advancing its digitalization efforts to improve market responsiveness and resource allocation efficiency, which is expected to support sustainable growth [2][7][11] International Market Potential - The company sees significant growth potential in overseas markets, particularly Southeast Asia, and plans to collaborate with local partners for market expansion and consider localized production [2][14] Strategic Outlook - For the new fiscal year, Dongpeng Beverage has shown a positive start and maintains a cautiously optimistic outlook for the year ahead, focusing on a stable investment strategy that emphasizes safety and stability [2][15] Supply Chain and Production Capacity - The company plans to address regional capacity imbalances by establishing at least one new production base each year to meet consumer and channel demands [10] Marketing and Brand Strategy - Dongpeng will continue to strengthen the Dongpeng Special Drink brand's influence in northern and northwestern regions and develop products tailored to local tastes [4][6] Cost Management - The company has locked in some raw material prices for 2025, indicating a more optimistic cost outlook for the upcoming year [25] Future Revenue Growth - Dongpeng Beverage holds a cautiously optimistic view on future revenue growth, aiming for no negative growth and considering various factors in setting business targets [26][27] Network Expansion - The current number of company outlets stands at 73,370, with plans to increase this number significantly in the coming year, focusing on quality over quantity to protect brand image [28] Investment Strategy - The company has adopted a conservative investment strategy, focusing on stable returns and efficient cash flow management, with a significant cash outflow in the third quarter due to investments in large certificates of deposit [30][31] Additional Important Insights - The company is cautious about expanding into new product categories, preferring to focus on existing categories and making adjustments based on market acceptance [12][16] - The catering segment remains a significant potential market, with plans to develop products suitable for local dining preferences [13][19]