Eastroc Beverage(SH:605499) Cai Jing Wang·2025-10-11 08:41Core Viewpoint - Dongpeng Beverage Group Co., Ltd. has submitted its main board listing application to the Hong Kong Stock Exchange, aiming for a dual listing after its previous application expired [1][5] Company Overview - Founded in 1994, Dongpeng Beverage's core product, "Dongpeng Special Drink," has penetrated the functional beverage market with a high cost-performance ratio [1] - The company went public on the Shanghai Stock Exchange in May 2021 and has accelerated its national expansion, covering over 4.2 million sales points across nearly 100% of prefecture-level cities by mid-2025 [1] Market Position - According to Frost & Sullivan, Dongpeng Beverage has ranked first in China's functional beverage market by sales volume for four consecutive years since 2021, with market share increasing from 15% in 2021 to 26.3% in 2024 [3] - By retail value, Dongpeng Beverage is the second-largest functional beverage company in 2024, holding a market share of 23.0% [3] Financial Performance - Revenue figures for Dongpeng Beverage from 2022 to 2025 are projected as follows: RMB 8.5 billion in 2022, RMB 11.26 billion in 2023, RMB 15.83 billion in 2024, and RMB 10.73 billion in the first half of 2025 [5] - Profit figures for the same period are projected as RMB 1.44 billion in 2022, RMB 2.04 billion in 2023, RMB 3.33 billion in 2024, and RMB 2.37 billion in the first half of 2025 [5] IPO Fund Utilization - The net proceeds from the upcoming IPO are intended for enhancing production capacity and upgrading the supply chain, strengthening brand building and consumer interaction, advancing national expansion strategies, exploring overseas market opportunities, enhancing digital construction across business segments, and improving product development capabilities [5]