Eastroc Beverage(SH:605499) Xin Lang Cai Jing·2025-10-09 05:54Core Viewpoint - Eastroc Beverage (Group) Co., Ltd. is planning to list on the Hong Kong Stock Exchange after previously submitting an invalid application in April 2025. The company is recognized as a leading functional beverage enterprise in China and aims to leverage its strong market position for growth [2][6]. Company Overview - Established in 1994, Eastroc Beverage is the first and a globally leading functional beverage company in China, with the fastest revenue growth among the top 20 listed soft drink companies worldwide [6]. - The company's brand, "Eastroc," has significant consumer recognition, with the slogan "When tired, drink Eastroc Special Drink" deeply ingrained in the market [6]. Market Position - According to a report by Frost & Sullivan, Eastroc Beverage has ranked first in the Chinese functional beverage market by sales volume for four consecutive years since 2021, with market share increasing from 15.0% in 2021 to 26.3% in 2024 [6]. Sales Network and Technology - As of June 30, 2025, Eastroc Beverage has established a comprehensive sales network covering over 4.2 million retail outlets across nearly 100% of China's prefecture-level cities. The company has implemented advanced technologies such as "one code for one product" and "five codes association" to enhance its digital operations [8]. - The company has connected with over 250 million consumers and collaborates with more than 3,200 distributors, creating a robust operational moat [8]. Production Capacity - Eastroc Beverage has strategically established nine production bases across key regions in China, including locations in Guangdong, Anhui, Guangxi, Chongqing, and Zhejiang. The product portfolio includes energy drinks, sports drinks, tea beverages, coffee drinks, plant-based protein drinks, and fruit and vegetable juices [8]. Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 was approximately RMB 85.00 billion, RMB 112.57 billion, RMB 158.30 billion, and RMB 107.32 billion, respectively. Corresponding net profits were RMB 14.41 billion, RMB 20.40 billion, RMB 33.26 billion, and RMB 23.75 billion [16][17]. Shareholder Structure - Prior to the Hong Kong listing, the major shareholder structure shows Lin Muqin holding 50.16% of the shares, with other family members and entities holding the remainder [11][12]. Management Team - The board of directors consists of 10 members, including 6 executive directors and 4 independent non-executive directors, with Lin Muqin serving as the chairman and president [14][15].