东鹏饮料通过港交所聆讯 华泰国际、摩根士丹利、瑞银为联席保荐人

Core Viewpoint - Dongpeng Beverage is undergoing a listing hearing on the Hong Kong Stock Exchange, with Huatai International, Morgan Stanley, and UBS serving as joint sponsors [1] Company Summary - Dongpeng Beverage is the leading functional beverage company in China, with revenue growth ranking it among the top 20 listed soft drink companies globally [1] - The company has maintained its position as the number one player in the Chinese functional beverage market for four consecutive years since 2021, with market share increasing from 15.0% in 2021 to 26.3% in 2024 [1] - By retail revenue, Dongpeng Beverage is projected to be the second-largest functional beverage company in China in 2024, with a market share of 23% [1] - The company has established a comprehensive sales network covering over 4.3 million terminal sales points, achieving nearly 100% coverage of prefecture-level cities in China by September 30, 2025 [1] Industry Summary - The Chinese functional beverage market is the fastest-growing segment within the soft drink industry, with a compound annual growth rate (CAGR) of 8.3% from 2019 to 2024 [1] - The market size is expected to reach RMB 281 billion by 2029 based on retail revenue [1]