Eastroc Beverage(SH:605499) 智通财经网·2026-01-14 12:58Core Viewpoint - Dongpeng Beverage Group Co., Ltd. is set to list on the Hong Kong Stock Exchange, with Huatai International, Morgan Stanley, and UBS serving as joint sponsors [1]. Company Overview - Dongpeng Beverage is the leading functional beverage company in China, ranking first in market share for four consecutive years since 2021, with a market share increase from 15.0% in 2021 to 26.3% in 2024 [3]. - The company has established a comprehensive sales network covering over 4.3 million retail outlets across nearly all prefecture-level cities in China by September 30, 2025 [3]. Financial Performance - Revenue figures for Dongpeng Beverage are as follows: approximately 8.5 billion RMB in 2022, 11.26 billion RMB in 2023, and projected 15.83 billion RMB in 2024 [6]. - The gross profit for energy drinks is expected to rise from 3.49 billion RMB in 2022 to 6.33 billion RMB in 2024, with gross margins increasing from 42.5% to 47.5% [4]. - The total comprehensive income for the company is projected to be around 14.26 billion RMB in 2022, increasing to 33.64 billion RMB in 2024 [6]. Industry Insights - The retail value of China's soft drink market is expected to reach approximately 1.3 trillion RMB in 2024, making it the second-largest soft drink market globally [4]. - The functional beverage sector is the fastest-growing segment, with a compound annual growth rate (CAGR) of 8.3% from 2019 to 2024, significantly outpacing the overall soft drink market growth of 4.7% during the same period [4]. - The energy drink market in China is projected to reach 180.7 billion RMB by 2029, with a CAGR of 10.3% from 2025 to 2029 [5][6]. - The sports drink market is expected to grow to 997 billion RMB by 2029, with a CAGR of 12.2% from 2025 to 2029 [6].