Zhi Tong Cai Jing·2026-01-13 11:21Group 1: Dongpeng Beverage - Dongpeng Beverage plans to raise approximately $1 billion (around 7.8 billion HKD) through its upcoming Hong Kong IPO, with book building expected to start in the week of January 26 [1] - Dongpeng is recognized as the leading functional beverage company in China, with the highest revenue growth among the top 20 listed soft drink companies globally [1] - According to a report by Frost & Sullivan, Dongpeng has maintained its position as the number one functional beverage brand in China for four consecutive years since 2021, increasing its market share from 15.0% in 2021 to 26.3% in 2024 [1] - By retail value, Dongpeng is projected to be the second-largest functional beverage company in 2024, holding a market share of 23.0% [1] Group 2: Muyuan Foods - Muyuan Foods is a technology-driven leader in the pork industry, recognized as a pioneer in smart pig farming [2] - The company employs a vertically integrated business model that encompasses the entire pork supply chain, including breeding, farming, feed production, and meat processing [2] - Revenue from the sale of commercial pigs constitutes a significant portion of Muyuan's total income, accounting for 92.8%, 96.5%, 95.2%, 93.0%, and 92.7% of total revenue for the years 2022, 2023, 2024, and the six months ending June 30, 2024, and 2025, respectively [2]