Eastroc Beverage(SH:605499) Ge Long Hui·2026-01-16 07:17Core Viewpoint - Dongpeng Beverage's annual performance meets expectations, with a focus on sales dynamics for the new year [1] Financial Performance - The company expects to achieve a net profit attributable to shareholders of 4.34 billion to 4.59 billion in 2025, representing a year-on-year increase of 30.5% to 38% [1] - For Q4 2025, the estimated net profit is projected to be between 580 million and 830 million, reflecting a year-on-year change of -6.5% to +34% [1] Strategic Outlook - In 2026, the company plans to strengthen its national strategy and explore multi-category development to facilitate its transformation into a platform-based company [1] - Short-term focus includes monitoring inventory buildup for the new year, holiday sales, and post-holiday channel expansion along with new product development trends [1] Cost Management - Currently, the prices of PET and sugar remain low, indicating a mild cost pressure for the new year [1] Long-term Growth Potential - The platform-based strategy and international expansion are expected to broaden the development space, indicating promising long-term growth prospects [1] Valuation - The current stock price corresponds to price-to-earnings ratios of 30x, 24x, and 20x for the upcoming years, maintaining a "buy" investment recommendation [1]