东鹏饮料总部大楼建设延期至明年，三年研发费用不及广告费的6%

Core Viewpoint - Dongpeng Beverage announced a delay in the construction of its headquarters building project to June 2026, originally scheduled for June 2025, due to construction challenges and unforeseen factors [1] Group 1: Project Update - The headquarters building project has seen an actual investment of 125 million yuan, with a progress rate of 60.34% as of June 29, 2025 [1] - The main structure of the building has been completed, while interior and exterior installations are ongoing [1] Group 2: Financial Performance - In Q1 2025, Dongpeng Beverage reported a revenue of 4.85 billion yuan, a year-on-year increase of 39.2%, and a net profit attributable to shareholders of 980 million yuan, up 47.6% [1] - The net profit excluding non-recurring items was 959 million yuan, reflecting a 53.5% year-on-year growth [1] Group 3: Market Position and Expenses - From 2022 to 2024, the revenue from energy drinks accounted for 96.6%, 91.9%, and 84.0% of total revenue, indicating a slight decline due to the introduction of new products [1] - Advertising and promotion expenses for the same period were 1.449 billion yuan, 1.956 billion yuan, and 2.681 billion yuan, with growth rates of 5.91%, 34.94%, and 37.09% respectively [2] - Research and development expenses were significantly lower, totaling only 161 million yuan over three years, which is less than 6% of advertising expenses [2]