证券代码：605499 证券简称：东鹏饮料 公告编号：2025-030 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：CSI Financial Products Limited、UBS AG, London Branch、北银理财有限责任公司、华夏银行股份有限公司、中银理财有限责任公 司、兴银理财有限责任公司； 2.本次委托理财金额：合计 92,614.00 万元； 3.委托理财产品类型：理财； 4.委托理财期限：196 天、1 年、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 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， ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is progressing steadily towards its Hong Kong listing, which is expected to enhance its international strategy and strengthen its market position. The listing will help connect with international investors and expand into Southeast Asian markets [7] - The company has launched a new fruit-flavored tea beverage called "Fruit Tea" in Q1 2025, which is expected to perform well during the peak season. The product's pricing strategy and channel feedback indicate strong sales potential [7] - The company is projected to maintain a steady growth trajectory, with net profit forecasts for 2025-2027 at 44.8 billion, 58.0 billion, and 70.8 billion RMB, respectively, reflecting year-on-year growth rates of 35%, 29%, and 22% [7] Financial Projections - Total revenue is expected to grow from 15,839 million RMB in 2024 to 30,259 million RMB in 2027, with a compound annual growth rate (CAGR) of approximately 18.62% [1][8] - The net profit attributable to the parent company is projected to increase from 3,327 million RMB in 2024 to 7,076 million RMB in 2027, with a CAGR of approximately 22.09% [1][8] - The earnings per share (EPS) is forecasted to rise from 6.40 RMB in 2024 to 13.61 RMB in 2027, indicating a strong growth outlook [1][8]

2025年，数十家A股公司已向香港联交所递交H股上市申请。 清明前夕，有着国内"能量饮料第一股"的东鹏饮料（集团）股份有限公司（简称"东鹏饮料"）正式向香 港联交所递交招股说明书，计划"A+H"两地上市。 业绩狂飙，产品结构单一 2021年，东鹏饮料(605499.SH)登陆A股主板上市，随着公司业绩增长，公司股价和市值一路上升。截至 到2025年4月7日，公司A股总市值为1326亿元，也被业内称为"能量饮料第一股"。 根据尼尔森IQ数据，按销量计，东鹏特饮在中国能量饮料市场自2021年起连续4年排名第一，全国市场 份额从2023年的30.9%增长到2024年的34.9%。 业绩表现上，招股书显示，在过去的2022年至2024年，东鹏饮料的营收分别为85.00亿元、112.57亿元和 158.30亿元，复合年增长率为36.5%。同期净利润分别为14.41亿元、20.40亿元和33.26亿元，复合年增 长率为52.0%，净利润率分别为16.9%、18.1%和21.0%。 而近两年来多元化战略下，2023年至2024年，东鹏饮料电解质饮料营收分别为3.93亿元、14.95亿元，占 总营收的比重分别为3.5%和9. ...

证券代码：605499 证券简称：东鹏饮料 公告编号：2025-029 登录新浪财经APP 搜索【信披】查看更多考评等级 东鹏饮料（集团）股份有限公司 关于向香港联交所递交境外上市外资股（H股）发行并上市申请并刊发申请资料的公告 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。 东鹏饮料（集团）股份有限公司（以下简称"公司"）已于2025年4月3日向香港联合交易所有限公司（以 下简称"香港联交所"）递交了发行境外上市外资股（H股）股票并在香港联交所主板挂牌上市（以下简 称"本次发行"）的申请，并于同日在香港联交所网站刊登了本次发行的申请资料。该申请资料为公司按 照香港证券及期货事务监察委员会（以下简称"香港证监会"）及香港联交所的要求编制和刊发，为草拟 版本，其所载资料可能会适时作出更新和变动。 鉴于本次发行的认购对象仅限于符合相关条件的境外投资者及依据中国相关法律法规有权进行境外证券 投资的境内合格投资者，公司将不会在境内证券交易所的网站和符合监管机构规定条件的媒体上刊登该 申请资料，但为使境内投资者及时了解该等申请资料披露的 ...

Group 1: 正力新能 (Zhengli New Energy) - Zhengli New Energy commenced its IPO process on April 3, 2025, with plans to list on the Hong Kong Stock Exchange under the stock code "3677" [3] - The company aims to issue 121,523,700 H-shares, with 12,152,400 shares available for public offering in Hong Kong and 109,371,300 shares for international placement [3] - The IPO has attracted three cornerstone investors, with a total subscription amount of $79.9 million (approximately HKD 621 million) [3] - The estimated market capitalization at an issue price of HKD 8.27 per share is HKD 20.745 billion [4] - Founded in 2019, Zhengli New Energy focuses on power battery and energy storage battery products, providing integrated solutions including cells, modules, battery packs, and management systems [4] - The company ranks ninth in China's power battery market and has a significant presence among major automotive clients, achieving over 50% penetration in key models [4][5] Group 2: 谷雨生物科技 (Guyu Biotechnology) - Guyu Biotechnology signed a counseling agreement with CITIC Securities on March 27, 2025, to initiate its A-share IPO process [6] - Established in 2010, Guyu specializes in scientific whitening products tailored for Chinese skin types, emphasizing the use of Eastern plant extracts [6] - The company has developed a full industry chain from raw materials to production, with a unique cultivation base for light licorice [6] - Sales figures for Guyu have shown significant growth, with revenues surpassing CNY 10 billion in 2021, CNY 22 billion in 2022, and CNY 35 billion in 2023, projecting over CNY 50 billion in GMV for 2024 [7] Group 3: 东鹏饮料 (Dongpeng Beverage) - Dongpeng Beverage submitted its IPO prospectus to the Hong Kong Stock Exchange on April 3, 2025, planning a dual listing [8] - The company is recognized as the leading functional beverage enterprise in China, with a market share increase from 15.0% in 2021 to 26.3% in 2024 [8] - Dongpeng's product range includes energy drinks, sports drinks, and tea beverages, with its flagship product "Dongpeng Special Drink" achieving over CNY 13.3 billion in revenue for 2024 [9] - Financial performance shows revenues of CNY 85 billion in 2022, CNY 112.57 billion in 2023, and CNY 158.3 billion in 2024, with a compound annual growth rate of 36.5% [10] Group 4: 云知声 (Yunzhisheng) - Yunzhisheng updated its IPO prospectus on March 30, 2025, continuing its listing process on the Hong Kong Stock Exchange [12] - Founded in 2012, the company is a pioneer in AGI technology and has developed a large language model, UniCore, as part of its AI solutions [12][13] - Yunzhisheng ranks as the fourth largest AI solution provider in China by revenue, with a projected revenue of CNY 9.39 billion for 2024 [14] - Financial data indicates revenues of CNY 6.01 billion in 2022, CNY 7.27 billion in 2023, and CNY 9.39 billion in 2024, with a compound annual growth rate of 25.0% [15] Group 5: 京东工业 (JD Industrial) - JD Industrial updated its IPO prospectus on March 30, 2025, as it progresses towards listing on the Hong Kong Stock Exchange [16] - The company is the largest participant in China's MRO procurement service market, with a transaction volume growth from approximately CNY 22.3 billion in 2022 to CNY 28.8 billion in 2024 [16][17] - Financial performance shows total revenue from continuing operations of CNY 141 billion in 2022, CNY 173 billion in 2023, and CNY 204 billion in 2024, with a compound annual growth rate of 20.1% [17][18] - JD Industrial achieved profitability in 2023 with a net profit of CNY 4.8 million, and projected net profit of CNY 760 million for 2024 [18][20]

Core Viewpoint - The article discusses the impact of the U.S. "reciprocal tariffs" on various industries and companies, highlighting that many companies have limited exposure to the U.S. market, thus minimizing the potential negative effects of the tariffs. Food and Beverage Industry - The domestic functional beverage industry shows strong resilience amid the ongoing U.S.-China tariff disputes, with Dongpeng Beverage leveraging its fully localized supply chain and innovation to mitigate risks [3]. - Dongpeng has achieved 100% domestic sourcing for key raw materials and packaging, and plans to expand its distribution network to nearly 4 million outlets by the end of 2024 [3]. - Lehui International reports that about 50% of its equipment exports go to developing countries, indicating minimal impact from the tariffs [3]. Steel Industry - Several steel companies indicate that the tariffs will have little effect on their exports to the U.S. due to the small scale of such exports [4]. - The tariffs may indirectly affect domestic steel demand, but the industry is prepared with policy measures to manage supply and demand balance [4]. Information and Communication Industry - Some products, including semiconductors, are not affected by the new tariffs, and companies report limited direct impact due to low export ratios to the U.S. [5]. - Companies like Huakin Technology maintain a diversified client base, with only about 10% of their revenue coming from direct sales to the U.S., thus minimizing the impact of the tariffs [6]. New Energy and New Materials Industry - Camel Group states that its exports to the U.S. are minimal, and the impact of tariffs is manageable [7]. - Huamao Technology plans to focus on Southeast Asia and Europe, with only a small percentage of revenue from North America, indicating limited exposure to U.S. tariffs [7]. - Bowei Alloy highlights that its U.S. projects are designed to mitigate tariff impacts, and its new production facilities in Vietnam will target markets outside the U.S. [7]. Pesticides and Fertilizers Industry - A Shanghai-listed company notes that its main export product, glyphosate, has minimal direct exposure to the U.S. market, suggesting potential benefits from the tariff policy due to competitive dynamics [8]. Publishing Industry - Leading publishing companies like Xinhua Wenhui and Phoenix Media assert that the tariffs have negligible effects on their operations, as their business primarily focuses on domestic markets with no significant import/export activities [9].

Core Viewpoint - Dongpeng Beverage has officially submitted its prospectus to the Hong Kong Stock Exchange for a secondary listing, aiming to enhance its brand influence and expand its market presence both domestically and internationally [2][4]. Financial Performance - Dongpeng Beverage's revenue for 2022, 2023, and 2024 was approximately 8.5 billion, 11.26 billion, and 15.83 billion respectively, with a compound annual growth rate (CAGR) of 36.47% [2]. - Gross profit for the same years was about 3.53 billion, 4.76 billion, and 6.98 billion, with a CAGR of 40.61% [2]. - Net profit figures were approximately 1.44 billion, 2.04 billion, and 3.33 billion, reflecting a CAGR of 51.96% [2]. Market Position - Dongpeng Beverage has maintained a leading position in China's energy drink market, with its market share increasing from 15% in 2021 to 26.3% in 2024 [5]. - The company’s sales volume in the energy drink market rose from 27% to 47.9% during the same period [5]. International Expansion Strategy - Dongpeng Beverage plans to utilize the funds raised from the secondary listing to enhance production capacity, upgrade supply chains, and strengthen brand building [2]. - The company has already exported products to 25 countries and regions, including Vietnam, Malaysia, and the United States, and aims to establish a stronger presence in Southeast Asia [4][7]. - The company’s strategy includes a focus on local market conditions and consumer preferences to adapt its products for international markets [8]. Competitive Landscape - Dongpeng Beverage faces competition from established international brands like Red Bull and Monster Energy, particularly in Southeast Asia, where these brands have a first-mover advantage [8][9]. - The company aims to leverage its cost-effective pricing strategy to attract price-sensitive consumers in low-income markets [9]. Product Diversification - Dongpeng Beverage is implementing a "1+6" multi-category strategy, with its core product being Dongpeng Special Drink and six additional categories including electrolyte drinks and coffee [9]. - The newly launched "Dongpeng Water" product has seen significant success, generating nearly 1.5 billion in revenue in its second year, with a year-on-year growth of 280.4% [9]. Current Challenges - Despite its growth, Dongpeng Beverage's overseas revenue contribution remains minimal, accounting for less than 0.3% of total revenue as of 2024 [10]. - The company’s overseas assets are approximately 1.54 billion, representing 6.8% of total assets [10].

Core Viewpoint - Dongpeng Beverage Group Co., Ltd. is seeking to list on the Hong Kong Stock Exchange, highlighting its position as a leading functional beverage company in China and globally, with significant revenue growth and market share expansion in the functional beverage sector [2][4]. Company Overview - Established in 1994, Dongpeng Beverage has become the largest functional beverage company in China and a global leader in the industry [2]. - The company has achieved the highest revenue growth rate among the top 20 listed soft drink companies worldwide [2]. Market Position - According to a report by Frost & Sullivan, Dongpeng Beverage has ranked first in the Chinese functional beverage market by sales volume for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024 [2]. Sales Network - As of December 31, 2024, Dongpeng Beverage has established a comprehensive sales network covering nearly 4 million retail outlets across China, achieving close to 100% coverage of prefecture-level cities and connecting with over 200 million consumers [3]. Financial Performance - Revenue for Dongpeng Beverage is projected to grow from 8.5 billion yuan in 2022 to 15.83 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 36.5% [4]. - Net profit is expected to increase from 1.44 billion yuan in 2022 to 3.33 billion yuan in 2024, with a CAGR of 52.0% [4]. - The net profit margin is forecasted to improve from 16.9% in 2022 to 21.0% in 2024 [4]. Shareholding Structure - As of the latest feasible date, Lin Muqin directly holds 49.74% of the issued share capital of Dongpeng Beverage, with additional holdings through limited partnerships [5][6]. - Lin Muqin, born in 1964, has held various leadership roles within the company since 1997 and currently serves as the Chairman and President [7].

2. 行业分析：中国软饮行业规模庞大且持续增长，功能饮料是增长最快的细分品类。2019 - 2024年中国功能饮料市场零售额年复合增长率达8.3%，预计2024 - 2029年将以11.0%的年复合增长率增长。行业驱动因素包括消费者健康意识增强、消费场景多元化等 。 3. 业务模式：公司构建了完善的业务体系。在销售方面，建立了覆盖全国的立体化销售网络，截至2024年12月31日，覆盖近400万家终端销售网点，通过经 销商、重客、线上销售等多渠道销售产品 。在生产方面，拥有九大生产基地，采取以销定产模式，2022 - 2024年整体设计产能和产能利用率不断提升 。同 时，注重研发创新，推出多款新产品 。 4. 财务状况：2022 - 2024年，公司收入、净利润实现强劲增长，收入从8500.0百万元增长至15830.3百万元，年复合增长率达36.5%；净利润从1440.5百万元 增至3326.4百万元 ，年复合增长率达52.0%。经营活动产生的净现金流良好，且持续向股东分派股息 。 5. 风险因素：公司面临多种风险。市场竞争方面，软饮行业竞争激烈，对手可能推出更优产品和营销活动 ；产品质量上，质量问题会影响声誉 ...

Macro Dynamics - The Ministry of Commerce of China has initiated a global safeguard investigation into imported beef, responding to domestic industry requests, with the investigation process including information disclosure and hearings [2] Financial Institutions - The former Party Secretary and President of China Construction Bank's Henan branch, Shi Tingfeng, is under investigation for serious violations of discipline and law [4] Market Data - The ChiNext Index fell by 1.86%, with significant declines in high export proportion concept stocks, leading to a total market turnover of 1.14 trillion yuan, an increase of 163.1 billion yuan from the previous trading day [7] - The financing balance of the two markets decreased by 2.008 billion yuan, with the Shanghai Stock Exchange reporting a balance of 963.374 billion yuan and the Shenzhen Stock Exchange reporting 931.932 billion yuan [8] - The Hong Kong Hang Seng Index closed down 1.52%, with notable declines in companies like BYD Electronics and Lenovo Group [9] Company Dynamics - Volkswagen plans to increase the prices of cars shipped to the U.S. due to a 25% tariff imposed by President Trump, indicating a direct impact on the company's operations [10] - Dongpeng Beverage has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange, pending approval from relevant regulatory bodies [11] - Meituan's CEO Wang Xing announced organizational adjustments and personnel appointments, including the integration of the review business into the core local business [12] - Wanhua Chemical's Yantai industrial park's ethylene phase II project has successfully produced qualified ethylene products, enhancing the company's competitive edge [13] - Lier Chemical expects a net profit increase of 203% to 224% year-on-year for Q1 2025, driven by rising sales and prices of certain products [14]