东鹏饮料（集团）股份有限公司 东鹏饮料（集团）股份有限公司 关于开展外汇衍生品交易业务的可行性分析报告 一、开展外汇衍生品交易业务的背景及必要性 随着公司业务出海进程的不断推进，日常经营中涉及的外汇收支规模不断增 长，鉴于外汇市场波动性增加，为锁定成本、有效规避外汇市场风险，防范汇率 大幅波动对公司造成不良影响，公司拟与银行等金融机构开展与日常经营需求相 关的外汇衍生品交易，以提高公司外汇资金使用效率，合理降低财务费用，增强 财务稳健性。 （二）实施主体 东鹏饮料（集团）股份有限公司及下属子公司。 （三）交易金额 根据公司资产规模及日常经营业务需求，公司拟开展总额度不超过人民币 70,000 万元（或等值外币）的外汇衍生品交易业务，在前述最高额度内，可循环 滚动使用，且任一时点的交易金额均不超过人民币 70,000 万元（或等值外币）。 （四）资金来源 公司开展外汇衍生品交易业务资金来源为公司自有或自筹资金，不涉及募集 资金。 1 随着东鹏饮料（集团）股份有限公司及下属子公司（以下简称"公司"）海 外市场布局的持续深入，公司外汇收支规模日益增长。为了提高应对汇率波动风 险的能力，在不影响公司正常经营、风险有效 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-048 东鹏饮料（集团）股份有限公司 （一）交易目的 关于开展外汇衍生品交易的公告 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： 业务基本情况：鉴于东鹏饮料（集团）股份有限公司及下属子公司（以 下合称"公司"）外汇收支规模不断增长，为有效规避外汇市场风险，防范汇率大 幅波动对公司造成不良影响，提高外汇资金使用效率，合理降低财务费用，增强 财务稳健性，公司拟与银行等金融机构开展总额度不超过人民币70,000万元（或 等值外币）的外汇衍生品交易业务，上述额度的授权期限为自董事会审议通过之 日起12个月内有效，且期限内任一时点的交易金额均不超过人民币70,000万元 （或等值外币）。交易品种包括但不限于货币互换、外汇远期、外汇掉期、外汇 期权等产品或上述产品组合。 履行的审议程序：经公司第三届董事会第十六次会议审议通过，无需提 交股东会审议。 特别风险提示：公司开展的外汇衍生品交易业务遵循稳健原则，不进行 以投机为目的外汇交易，与日常经营需求紧密相关， ...

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。 重要内容提示： 1.委托理财受托方：北银理财有限责任公司、中银理财有限责任公司、华夏 银行股份有限公司、China CITIC Bank International Limited； 2.本次委托理财金额：合计 87,349.00 万元； 3.委托理财产品类型：理财、结构性存款； 4.委托理财期限：无固定期限、1 个月； 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 2025 年 3 月 7 日召开第三届董事会第十三次会议和第三届监事会第十二次会 议及 2025 年 4 月 2 日召开 2024 年年度股东大会，分别审议通过了《关于 2025 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提下，使用不超过人民币 110 亿元的 范围内择机购买理财产品，购买原则为安全性高、流动性好，使用期限自 2024 年年度股东 ...

二〇二五年七月 0 东鹏饮料（集团）股份有限公司董事会成员多元化政策 东鹏饮料（集团）股份有限公司 董事会成员多元化政策 （H股发行并上市后适用） 东鹏饮料（集团）股份有限公司 董事会成员多元化政策 （H股发行上市后适用） 第一条 目的 根据《中华人民共和国公司法》、公司股票上市地证券交易所（包括上海证券 交易所、香港联合交易所有限公司，以下合称"证券交易所"）相关监管规则（包 括但不限于《香港联合交易所有限公司证券上市规则》项下之《企业管治守则》） 等法律、法规、规范性文件以及《东鹏饮料（集团）股份有限公司章程》的有关规 定，本政策旨在列载东鹏饮料（集团）股份有限公司（以下简称"公司"）董事会 成员为达致多元化而采取的方针。 第二条 一般政策 （一）公司明白并深信董事会成员多元化对提升公司的表现素质裨益良多。 （二）为达致可持续及均衡的发展，公司视董事会层面日益多元化为支持其达 到战略目标及维持可持续发展的关键元素。董事会所有委任均以用人唯才为原则， 并在考虑人选时以适当的条件充分顾及董事会成员多元化的裨益。 （四）公司致力于招聘中高级别员工时确保性别多元化，并适时为女性高级管 理层及潜在继任者加入董事会提 ...

东鹏饮料(集团)股份有限公司 2025 年半年度主要经营数据的公告 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。 证券代码：605499 证券简称：东鹏饮料 公告编号：2025-049 东鹏饮料（集团）股份有限公司(以下简称"公司")根据上海证券交易所《上 海证券交易所上市公司自律监管指引第 3 号——行业信息披露第十二号——酒 制造》的有关规定，现将公司 2025 年半年度主要经营数据公告如下： 一、主要业务经营情况 (一) 主营业务产品类别分类情况 单位：万元 币种：人民币 | 产品 | 2025 年 | 1-6 月 | 2024 年 1-6 | 月 | | --- | --- | --- | --- | --- | | | 收入 | 占比 | 收入 | 占比 | | 能量饮料 | 836,051.10 | 77.91% | 685,805.64 | 87.23% | | 电解质饮料 | 149,273.84 | 13.91% | 47,583.78 | 6.05% | | 其他饮料 | 87,730.38 | 8.18 ...

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《上海证券交易所股票上市规则》《上市公司监管指引第 2 号-上市公司 募集资金管理和使用的监管要求》等有关规定，东鹏饮料（集团）股份有限公司 （以下简称"本公司"或"东鹏饮料"）董事会对 2025 年半年度募集资金存放与使 用情况的专项报告说明如下： 证券代码：605499 证券简称：东鹏饮料 公告编号 2025-045 东鹏饮料（集团）股份有限公司 2025 年半年度募集资金存放与使用情况的专项报告 一、募集资金基本情况 经中国证券监督管理委员会证监发行字[2021]1572 号文核准，本公司 2021 年 5 月于上海证券交易所以每股人民币 46.27 元的发行价格公开发行 40,010,000 股人民币普通股(A 股)，股款计人民币 1,851,262,700.00 元，扣除发行费人民币 119,335,941.45 元后，实际募集资金净额为人民币 1,731,926,758.55 元。上述募集 资金于 2021 年 5 月 21 日全部到账，并经普华永道中天会计师事务 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-053 东鹏饮料（集团）股份有限公司 关于召开2025年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第一次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年8月11日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 11 日 至2025 年 8 月 11 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-044 东鹏饮料（集团）股份有限公司 第三届董事会第十六次决议公告 会议由董事长林木勤主持，高管列席。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 （一）审议通过《关于 2025 年半年度报告及摘要的议案》 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 《2025 年半年度报告》及《2025 年半年度报告摘要》。 表决结果：10 票同意，0 票反对，0 票弃权。 （二）审议通过《关于 2025 年半年度募集资金存放与使用情况报告的议案》 具体内容详见在上海证券交易所网站（http://www.sse.com.cn）披露的《东 鹏饮料（集团）股份有限公司 2025 年半年度募集资金存放与使用情况的专项报 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、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"）第三届董事会第十六次会 议于 2025 年 7 月 25 日 ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-046 东鹏饮料（集团）股份有限公司 关于 2025 年半年度利润分配预案的公告 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： A 股每股派发现金红利 2.5 元（含税）。 本次利润分配拟以 520,013,000 股普通股为基数向普通股股东分配 2025 年半年度利润，具体日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，每股分配比 例不变，相应调整分配总额，并将另行公告具体调整情况。 公司不触及《上海证券交易所股票上市规则（2025 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。 本次利润分配方案尚需提交公司股东会审议。 二、公司履行的决策程序 （一）董事会会议的召开、审议和表决情况 公司于 2025 年 7 月 25 日召开第三届董事会第十六次会议审议通过了《关于 2025 年半年度利润分配预案的议案》，并同意将该方案提交公司 2025 年第一次 临时股东会审议。 ...

[Glossary](index=4&type=section&id=Glossary) This section provides definitions of key terms used in the report [Company Profile and Key Financial Indicators](index=5&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section introduces the company's basic information and presents its key financial performance metrics [Company Information](index=5&type=section&id=Company%20Information) This chapter provides Dongpeng Beverage (Group) Co., Ltd.'s basic business registration information, contact details, registered and office addresses, information disclosure channels, and stock overview - The company's stock short name is "Dongpeng Beverage", stock code is "**605499**", listed on the Shanghai Stock Exchange[22](index=22&type=chunk) [Company's Key Accounting Data and Financial Indicators](index=6&type=section&id=Company's%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first half of 2025, the company achieved operating revenue of **10.74 billion yuan**, a **36.37% year-on-year increase**, and net profit attributable to shareholders of **2.37 billion yuan**, up **37.22%**, while operating cash flow decreased by **23.24%** 2025 H1 Key Accounting Data | Key Accounting Data | Current Period (Jan-Jun) | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 10,736,627,858.45 yuan | 7,873,287,852.10 yuan | 36.37% | | **Net Profit Attributable to Shareholders** | 2,374,750,785.44 yuan | 1,730,591,498.79 yuan | 37.22% | | **Net Profit Attributable to Shareholders (Excl. Non-recurring Items)** | 2,270,463,283.77 yuan | 1,706,911,693.93 yuan | 33.02% | | **Net Cash Flow from Operating Activities** | 1,740,460,562.79 yuan | 2,267,292,619.33 yuan | -23.24% | | **Total Assets (End of Period)** | 22,915,401,434.98 yuan | 22,676,296,132.90 yuan (End of Prior Year) | 1.05% | 2025 H1 Key Financial Indicators | Key Financial Indicators | Current Period (Jan-Jun) | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | **Basic Earnings Per Share (yuan/share)** | 4.5667 | 3.3280 | 37.22% | | **Weighted Average Return on Net Assets (%)** | 28.18% | 24.63% | Increased by 3.55 percentage points | - Non-recurring gains and losses totaled **104 million yuan** during the reporting period, primarily from fair value changes of financial assets held by non-financial enterprises and government subsidies[26](index=26&type=chunk)[27](index=27&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=Management%20Discussion%20and%20Analysis) This section provides a comprehensive discussion and analysis of the company's operational performance, financial condition, and future outlook [Industry and Main Business Overview](index=7&type=section&id=Industry%20and%20Main%20Business%20Overview) The company operates in the beverage industry, focusing on functional beverages, and has achieved significant national expansion, with the North China region growing by **73.03%** and electrolyte beverages increasing their revenue share to **13.91%** - The company focuses on the functional beverage sector, with its core product Dongpeng Special Drink being an energy beverage and Dongpeng Replenish being an electrolyte beverage[31](index=31&type=chunk)[32](index=32&type=chunk) - In the first half of 2025, competition in the beverage industry shifted from single product competition to a comprehensive contest of "precise consumer targeting + deep scenario adaptation + efficient channel reach"[39](index=39&type=chunk) - The company has initially built a "dual-engine + multi-category" diversified product matrix, strategically upgrading from a single category to a comprehensive beverage group, with energy and electrolyte beverages as dual engines, and tea, plant-based protein, coffee, and fruit and vegetable juices developing synergistically[49](index=49&type=chunk) 2025 H1 Main Business Revenue by Region (Unit: million yuan) | Region | 2025 Jan-Jun Amount (million yuan) | Proportion | YoY Growth | | :--- | :--- | :--- | :--- | | Guangdong Region | 2,545.82 | 23.72% | 20.61% | | East China Region | 1,536.04 | 14.31% | 32.62% | | Central China Region | 1,376.57 | 12.83% | 28.91% | | Southwest Region | 1,282.22 | 11.95% | 39.76% | | **North China Region** | **1,707.50** | **15.91%** | **73.03%** | | Online and Other | 1,542.90 | 14.39% | 46.71% | | **Total** | **10,730.55** | **100.00%** | **36.49%** | 2025 H1 Main Business Revenue by Product Composition (Unit: million yuan) | Product | 2025 H1 Revenue (million yuan) | Proportion | 2024 H1 Revenue (million yuan) | Proportion | | :--- | :--- | :--- | :--- | :--- | | Energy Beverages | 8,360.51 | 77.91% | 6,858.06 | 87.23% | | **Electrolyte Beverages** | **1,492.74** | **13.91%** | **475.84** | **6.05%** | | Other Beverages | 877.30 | 8.18% | 527.75 | 6.72% | | **Total** | **10,730.55** | **100.00%** | **7,861.64** | **100.00%** | [Discussion and Analysis of Operations](index=15&type=section&id=Discussion%20and%20Analysis%20of%20Operations) During the reporting period, the company achieved significant results by focusing on seven key operational areas, including product diversification, national and international channel expansion, targeted marketing, and supply chain optimization - The company maintains energy beverages as its core while firmly advancing a diversification strategy, with electrolyte beverage "Dongpeng Replenish" seeing a significant increase in revenue proportion compared to the same period last year[64](index=64&type=chunk)[65](index=65&type=chunk) - The company continues to deepen its national channel layout and steadily promote global expansion, especially in the Southeast Asian market, by forming localized teams and integrating resources to deepen penetration[67](index=67&type=chunk)[68](index=68&type=chunk) - Through sponsoring top sports events (Snooker, F4 Formula), signing celebrity endorsers (Yu Shi, Han Hong), and deeply engaging in e-sports and campus scenarios, the company comprehensively enhances the brand image and reputation of its various product lines[69](index=69&type=chunk)[71](index=71&type=chunk)[72](index=72&type=chunk) - The company continues to advance its national production capacity layout, currently planning **13 major production bases** (9 already in operation), with construction of Tianjin, Kunming, Zhongshan, and Hainan bases progressing as planned during the reporting period, aiming to optimize logistics efficiency and market coverage[74](index=74&type=chunk) - The company has built a full-process digital operation system covering marketing, supply chain, and management through "one item, one code" and "five-code linkage" technologies, achieving comprehensive quality and efficiency improvements, and actively exploring AI technology applications[79](index=79&type=chunk)[80](index=80&type=chunk)[81](index=81&type=chunk) [Core Competitiveness Analysis](index=20&type=section&id=Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its strong product portfolio, extensive channel network, effective brand building, efficient supply chain, advanced digital capabilities, robust talent development, and unique corporate culture - **Product Power**: Built a product matrix with energy and electrolyte beverages as core drivers, covering tea, coffee, and other multi-categories, and strengthened R&D innovation through industry-university-research cooperation[85](index=85&type=chunk)[86](index=86&type=chunk)[87](index=87&type=chunk) - **Channel Power**: Possesses a nationwide, deeply penetrating, three-dimensional channel network, including over **3,200 distributors** and more than **4.2 million active terminal outlets**[88](index=88&type=chunk) - **Brand Power**: Through deepening scenario marketing (e.g., "Drink Dongpeng Special Drink when tired or sleepy"), its core products occupy consumer minds, and brand image for various categories is enhanced by signing endorsers and sponsoring events[92](index=92&type=chunk)[93](index=93&type=chunk) - **Supply Power**: Has strategically deployed **13 production bases** nationwide (9 already in operation), forming a strategic production capacity network, achieving cost leadership through economies of scale and lean management[96](index=96&type=chunk)[97](index=97&type=chunk)[98](index=98&type=chunk) - **Digital Power**: Built three digital systems for marketing, supply chain, and management through "five-code linkage" technology, enabling full-link data-driven decision-making, and enhancing consumer stickiness through digital marketing[99](index=99&type=chunk)[100](index=100&type=chunk)[101](index=101&type=chunk) [Analysis of Key Operating Conditions](index=25&type=section&id=Analysis%20of%20Key%20Operating%20Conditions) During the reporting period, the company's financial indicators primarily reflect rapid business expansion, with **operating revenue up 36.37%** due to channel development and new product sales, while **operating cash flow decreased by 23.24%** due to prior period prepayments and increased tax payments Financial Statement Key Item Variation Analysis | Item | Current Period (billion yuan) | Prior Year Period (billion yuan) | Change (%) | Explanation of Change | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 10.74 | 7.87 | 36.37 | National channel expansion and new product sales growth | | **Operating Cost** | 5.89 | 4.36 | 35.02 | Sales volume growth and raw material price decrease leading to higher gross margin | | **Selling Expenses** | 1.68 | 1.23 | 37.27 | Increase in sales personnel, investment in refrigerators and advertising | | **Net Cash Flow from Operating Activities** | 1.74 | 2.27 | -23.24 | More prepayments received at end of 2024 and increased tax payments in current period | | **Net Cash Flow from Investing Activities** | -1.23 | -2.59 | 52.63 | Increase in cash recovered from investments in current period | | **Net Cash Flow from Financing Activities** | -1.79 | 1.84 | -196.95 | Increase in cash paid for loan repayments in current period | - The company's overseas assets reached **2.11 billion yuan**, accounting for **9.19%** of total assets, primarily comprising its subsidiary Dongpeng Beverage (Hong Kong) Co., Ltd., which achieved operating revenue of **8.87 million yuan** and net profit of **39.08 million yuan** during the reporting period[116](index=116&type=chunk)[118](index=118&type=chunk) - The company continued significant non-equity investments, investing **0.74 billion yuan** during the reporting period for the construction and capacity enhancement of multiple production bases, with substantial investments in Tianjin, Kunming, and Zhongshan bases[123](index=123&type=chunk)[124](index=124&type=chunk) [Corporate Governance, Environment, and Society](index=32&type=section&id=Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details the company's governance structure, environmental protection efforts, and social responsibility initiatives [Profit Distribution Plan](index=32&type=section&id=Profit%20Distribution%20Plan) The board of directors proposes a 2025 half-year profit distribution plan to distribute a cash dividend of **25 yuan (tax inclusive) per 10 shares**, totaling approximately **1.30 billion yuan**, pending shareholder approval 2025 H1 Profit Distribution Plan | Distribution/Capitalization Item | Specific Plan | | :--- | :--- | | **Cash Dividend per 10 Shares (yuan) (tax inclusive)** | 25 | | **Bonus Shares per 10 Shares (shares)** | 0 | | **Capitalization from Capital Reserve per 10 Shares (shares)** | 0 | | **Total Cash Dividend Distributed** | 1,300,032,500 yuan | [Social Responsibility and Rural Revitalization](index=32&type=section&id=Social%20Responsibility%20and%20Rural%20Revitalization) The company actively fulfills its social responsibilities by supporting rural healthcare and sports education, including donations for eye centers and ambulances in Xinjiang, and ongoing sports facility improvements for rural schools - Supported the "Han Hong Love · 100 People Aid Xinjiang" initiative, donating **2 eye centers** and **20 ambulances** to Xinjiang, aiding grassroots medical development[135](index=135&type=chunk) - Continuously partnered with Yao Foundation to carry out the "Youth Out of the Basket" public welfare program, donating sports facilities to rural primary schools and supporting teaching activities, having cumulatively supported over **300 rural primary schools**[136](index=136&type=chunk) [Significant Matters](index=34&type=section&id=Significant%20Matters) This section covers important events and commitments, including the fulfillment of promises, significant contracts, and the use of raised funds [Fulfillment of Commitments](index=34&type=section&id=Fulfillment%20of%20Commitments) During the reporting period, the company's actual controller, shareholders, and the company itself strictly fulfilled all commitments made during the initial public offering, with no breaches observed - The company's controlling shareholder and actual controller, Lin Muqin, committed not to transfer his pre-IPO shares for **36 months** from the date of stock listing[139](index=139&type=chunk) - The company and relevant parties have all committed that if commitments are not fulfilled, they will take corrective measures such as public apologies, supplementary commitments, and legal compensation for investor losses[154](index=154&type=chunk)[155](index=155&type=chunk) [Significant Contracts and Their Performance](index=46&type=section&id=Significant%20Contracts%20and%20Their%20Performance) During the reporting period, the company had no significant entrustment, contracting, or leasing matters, and its guarantees were exclusively for subsidiaries, totaling **4.01 billion yuan**, representing **45.83%** of net assets, with no external guarantees Company Guarantee Status | Guarantee Category | Amount | | :--- | :--- | | **Total Guarantee Balance for Subsidiaries at Period End** | 4,005,430,000.00 yuan | | **Proportion of Total Guarantees to Company's Net Assets** | 45.83% | | **External Guarantees (excluding guarantees for subsidiaries)** | 0 yuan | [Progress on Use of Raised Funds](index=48&type=section&id=Progress%20on%20Use%20of%20Raised%20Funds) The company's net proceeds from its initial public offering were **1.732 billion yuan**, with **1.658 billion yuan** cumulatively invested as of the reporting period end, representing a **95.74%** investment progress, and idle funds are managed for cash - Net proceeds from raised funds were **1.732 billion yuan**, with a cumulative investment of **1.658 billion yuan** as of the reporting period end, representing an overall investment progress of **95.74%**[180](index=180&type=chunk) - Multiple production bases, marketing network, and information system upgrade projects have utilized raised funds and reached their intended usable state, while the headquarters building construction project is still underway, expected to be completed by June 2026[183](index=183&type=chunk)[185](index=185&type=chunk)[187](index=187&type=chunk) [Share Changes and Shareholder Information](index=53&type=section&id=Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital and provides an overview of its shareholder structure [Shareholder Information](index=53&type=section&id=Shareholder%20Information) As of the reporting period end, the company had **13,121 common shareholders**, with the top ten shareholders holding a concentrated stake, and the actual controller Lin Muqin holding **49.74%** Top Five Shareholders' Shareholding as of Reporting Period End | Shareholder Name | Shares Held at Period End (shares) | Proportion (%) | | :--- | :--- | :--- | | Lin Muqin | 258,657,634 | 49.74 | | Hong Kong Securities Clearing Company Limited | 51,464,479 | 9.90 | | Lin Mugang | 27,151,626 | 5.22 | | Lin Daiqin | 27,151,626 | 5.22 | | Ruichang Kunpeng Venture Capital Partnership (Limited Partnership) | 26,319,204 | 5.06 | [Bond-Related Information](index=56&type=section&id=Bond-Related%20Information) This section provides information regarding the company's bonds and other debt financing instruments [Company Bonds](index=56&type=section&id=Company%20Bonds) During the reporting period, the company had no outstanding corporate bonds, enterprise bonds, or non-financial enterprise debt financing instruments [Financial Report](index=56&type=section&id=Financial%20Report) This section presents the company's financial statements and detailed notes to the consolidated financial statements [Financial Statements](index=56&type=section&id=Financial%20Statements) This chapter includes the company's unaudited consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity [Consolidated Balance Sheet](index=56&type=section&id=Consolidated%20Balance%20Sheet) This section presents the company's consolidated balance sheet [Consolidated Income Statement](index=60&type=section&id=Consolidated%20Income%20Statement) This section presents the company's consolidated income statement [Consolidated Cash Flow Statement](index=64&type=section&id=Consolidated%20Cash%20Flow%20Statement) This section presents the company's consolidated cash flow statement [Notes to Consolidated Financial Statements](index=106&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This chapter provides detailed explanations of the composition and changes in major accounts within the consolidated financial statements Operating Revenue by Product Type (Current Period) | Product Type | Operating Revenue (billion yuan) | | :--- | :--- | | Energy Beverages | 8.36 | | Electrolyte Beverages | 1.49 | | Other Beverages | 0.88 | Selling Expenses Composition (Current Period) | Item | Amount (million yuan) | | :--- | :--- | | Staff Remuneration | 690.69 | | Channel Promotion Fees | 676.44 | | Advertising and Publicity Fees | 205.71 | - As of the end of the period, the contract liabilities balance was **3.67 billion yuan**, including **1.02 billion yuan** in prepayments for goods and **2.64 billion yuan** in sales rebates and discounts payable[472](index=472&type=chunk)