长江商报消息●长江商报记者 沈右荣 功能饮料巨头东鹏饮料（605499.SH，09980.HK）成功完成"A+H"双平台布局。不过，港股市场试水首日，东鹏 饮料股价盘中破发。 2月3日，东鹏饮料如愿登陆港股市场，公司创始人、实际控制人林木勤与"东鹏大咖"首位代言人韩红现场敲锣。 盘中，公司股价一度跌至245.60港元/股，跌破发行价，收盘报251.8港元/股，表现平淡。 备受关注的是，东鹏饮料本次IPO，顶级"投资天团"押注，包括腾讯、淡马锡、卡塔尔投资局、贝莱德、红杉中国 等。 并不缺钱的东鹏饮料本次IPO募资101.41亿港元（约合人民币90.37亿元），将使公司现金流更为充足。 东鹏饮料港股上市，将加快推动全球化战略。目前东鹏饮料的产品已出口超30个国家和地区，印尼、越南等海外 子公司落地运营。 东鹏饮料热衷营销。2025年前九个月，公司销售费用超过26亿元，而研发费只有0.52亿元。 近年来，东鹏饮料积极开拓第二增长曲线，"抄作业"产品"东鹏补水啦"虽然贡献了不菲收入，但公司营业收入依 然对东鹏特饮高度依赖。 出海开拓，东鹏饮料还有很长的路要走。 顶级资本押注股价仍破发 备受关注的功能饮料龙头东鹏饮料 ...

东鹏饮料从深圳走向港交所，不仅是企业实力的体现，更是深圳金融生态系统性赋能的成果。南都记者 采访东鹏饮料发现，从上市筹划到长期发展，深圳的金融政策与服务生态提供了关键助力。 在上市筹备过程中，深圳市委金融办及相关部门通过常态化服务机制，为该公司提供了针对性的政策解 读与合规支持。深圳与香港资本市场构建的"双城一体"深度协同生态，以及市级到区级系统化的上市培 2月3日，中国功能饮料领军企业东鹏饮料（股票代码：09980.HK）正式在香港交易所主板挂牌上市， 标志着公司成功构建"A+H"双资本平台，迈入全球化发展的新阶段。此次上市不仅是东鹏饮料自身发展 的里程碑，也成为深圳金融活水精准灌溉实体经济、培育本土企业走向全球的又一典型案例。 东鹏饮料在接受南都记者采访时表示，未来公司将持续借助深圳优质的营商环境与政策支持，稳健推进 各项工作，严格遵循上市规则及监管要求，力争为股东及投资者创造长期价值。 全年营收有望超207.6亿元 同比增超31% 作为从深圳成长起来的民族饮料品牌，东鹏饮料多年来稳居中国功能饮料行业领先地位。公司 以"1+6"多品类战略为核心，在巩固能量饮料优势的同时，持续拓展包括"东鹏补水啦"在内的新 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以中饮巴比食品 股份有限公司（以下简称"公司"）经审计的2025年年度报告中披露的数据为准，提请投资者注意投资风 险。 一、2025年度主要财务数据和指标 单位：人民币万元 ■ 注：1、本报告期初数同法定披露的上年年末数； 2、以上财务数据及指标以公司合并报表数据填列，最终结果以公司经审计的2025年年度报告为准。 二、经营业绩和财务状况情况说明 1、经营业绩和财务状况 报告期内，公司实现营业收入185,905.00万元，同比增长11.22%；实现归属于上市公司股东的净利润 27,299.89万元,同比下降1.30%；实现归属于上市公司股东的扣除非经常性损益的净利润24,482.88万元， 同比增长16.49%。 报告期末，公司总资产289,667.97万元，较报告期初增长1.53%；归属于上市公司股东的所有者权益 233,742.56万元，较报告期初增长3.18%。 2、影响经营业绩的主要因素 报告 ...

来源：中访网 中访网数据 东鹏饮料（集团）股份有限公司于2026年2月3日完成H股发行并在香港联交所主板上市。本 次发行完成后，公司总股本由5.20亿股增加至5.61亿股。由于总股本增加，公司原持股5%以上的股东林 木港、林戴钦及瑞昌市鲲鹏创业投资合伙企业（有限合伙）的持股比例发生被动稀释。具体而言，林木 港与林戴钦的持股比例均由5.22%降至4.84%，瑞昌市鲲鹏创业投资合伙企业（有限合伙）的持股比例 由5.06%降至4.69%。此次权益变动系公司发行H股所致，三位股东的持股数量未发生变化。公司强调， 本次变动不涉及要约收购，也不会导致公司控股股东及实际控制人发生变更。相关股东已根据规定披露 简式权益变动报告书。 ...

Core Viewpoint - Dongpeng Beverage Group Co., Ltd. officially listed on the Hong Kong Stock Exchange on February 3, 2026, marking its entry into the international capital market and providing a new financing platform for future growth [1] Summary by Sections Listing Details - The total number of H-shares offered globally is 40,889,900 shares, with an issue price of HKD 248.00 per share [1] - The expected net fundraising amount, assuming no exercise of the over-allotment option, is approximately HKD 9.994 billion after deducting related expenses [1] - The public offering in Hong Kong accounts for 10% of the total shares, while the international offering accounts for 90% [1] Shareholding Structure - Post-listing, the total share capital of the company will increase to approximately 561 million shares, with H-shares accounting for 7.29% and A-shares for 92.71% [1] - The controlling shareholder Lin Muqin and his concert parties will see their combined shareholding diluted from approximately 65.24% before the listing to about 60.49% after [1] Future Implications - The successful listing of H-shares signifies a new growth impetus for Dongpeng Beverage, enhancing its financing capabilities for future development [1]

东鹏饮料（集团）股份有限公司 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605499 证券简称：东鹏饮料 公告编号：2026-014 关于H股挂牌并上市交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 东鹏饮料（集团）股份有限公司（以下简称"公司"）正在进行申请发行H股股票并在香港联合交易所有 限公司（以下简称"香港联交所"）主板上市（以下简称"本次发行上市"）的相关工作。 公司本次全球发售H股总数为40,889,900股（行使超额配售权之前），其中，香港公开发售4,089,000 股，约占全球发售总数的10.00％（行使超额配售权之前）；国际发售36,800,900股，约占全球发售总数 的90.00％（行使超额配售权之前）。根据每股H股发售价248.00港元计算，经扣除全球发售相关承销佣 金及其他估计费用后，并假设超额配售权未获行使，公司将收取的全球发售所得款项净额估计约为 99.94亿港元。 经香港联交所批准，公司本次发行的40,889,900股H股股票（行使超额配售权之前）于2026年2月3日 ...

Core Viewpoint - Dongpeng Beverage has successfully completed its IPO on the Hong Kong Stock Exchange, marking a significant milestone as the first "A+H" dual-listed functional beverage company in China, with a market capitalization of approximately HKD 146 billion on its debut [5][6]. Group 1: Company Overview - Dongpeng Beverage, known for its flagship product "Dongpeng Special Drink," has evolved from being a mere imitator of Red Bull to a leading national brand with annual revenues exceeding CNY 10 billion, deeply penetrating county and town markets [5][8]. - The company has maintained its position as the top functional beverage brand in China by sales volume for four consecutive years since 2021, according to a report by Frost & Sullivan [5][16]. Group 2: IPO Details - The IPO attracted a "super luxurious" lineup of cornerstone investors, with over USD 600 million in subscriptions from more than ten top global investment institutions, setting a record for the number of cornerstone investors in the Hong Kong consumer sector [6][7]. - The funds raised from the IPO will be utilized for global market expansion, brand building, product research and development, and optimizing the distribution network [8]. Group 3: Market Strategy - Dongpeng Beverage has adopted a channel strategy that covers over 4.3 million retail outlets nationwide, achieving nearly 100% coverage of China's prefecture-level cities, allowing it to avoid direct competition with Red Bull in first-tier cities [16]. - The company has shifted its growth strategy towards diversification, with its flagship product's revenue share decreasing to approximately 74.6%, while the newly launched sports drink "Dongpeng Water" has seen a revenue surge of 134% [21][22]. Group 4: Leadership and Vision - Lin Muqin, the chairman and CEO, has been pivotal in the company's transformation and growth, leading it from a struggling state-owned enterprise to a market leader, and has been recognized as one of Forbes' best CEOs in China [17][18]. - The dual listing on the Hong Kong Stock Exchange represents not only a personal financial milestone for Lin Muqin but also a strategic move to enhance Dongpeng's global competitiveness and financing capabilities [18][19]. Group 5: Industry Trends - The ongoing "A+H" listing trend in Hong Kong reflects a structural shift in the market, with over 100 A-share companies planning to list in Hong Kong, indicating a growing preference for dual-platform strategies among leading firms [26][27]. - The capital market in Hong Kong is expected to continue thriving, with projections of raising at least HKD 300 billion in 2026, driven by the demand for international capital platforms amid China's industrial upgrades [28][29].

Investment Rating - The report assigns a "Buy-A/Buy-H" rating for the company, with a current price of 253.96 CNY and 251.80 HKD, and a fair value of 303.13 CNY and 340.59 HKD [6]. Core Insights - The company is set to launch its H-shares on February 3, 2026, in Hong Kong, which reflects high market recognition. The H-share issue price is set at 248 HKD, representing an 11.8% discount compared to the A-share price of 250.14 CNY [6][7]. - The company has entered a strategic partnership with Indonesia's Sanlin Group to establish a joint venture for a vitamin functional beverage company, with an investment of up to 200 million USD. This partnership is expected to accelerate the company's expansion in Southeast Asia [8][9]. - Revenue forecasts indicate significant growth, with expected revenues of 20.95 billion CNY in 2025, 26.23 billion CNY in 2026, and 31.40 billion CNY in 2027, reflecting growth rates of 32.3%, 25.2%, and 19.7% respectively [2][12]. - The company's net profit is projected to reach 4.53 billion CNY in 2025, 5.67 billion CNY in 2026, and 6.85 billion CNY in 2027, with growth rates of 36.1%, 25.2%, and 20.9% respectively [2][10]. Financial Projections - The company expects to achieve an EBITDA of 5.79 billion CNY in 2025, 7.37 billion CNY in 2026, and 8.80 billion CNY in 2027 [2]. - The earnings per share (EPS) are projected to be 8.71 CNY in 2025, 10.10 CNY in 2026, and 12.22 CNY in 2027, with corresponding price-to-earnings (P/E) ratios of 29.2, 25.1, and 20.8 [2][12]. - The return on equity (ROE) is expected to be 46.6% in 2025, 26.6% in 2026, and 28.1% in 2027 [2][12]. Market Position and Competitive Landscape - The company is focusing on capacity upgrades, brand strengthening, national deepening, and global expansion as part of its fundraising strategy [6][7]. - The partnership with Sanlin Group, which has a strong presence in various sectors including food production and distribution, is expected to provide robust support for the company's market expansion in Southeast Asia [8][9].

公告表示，报告期内，公司积极进行业务拓展与整合，深化全国化布局，加盟门店数量稳步增长，顺利 完成南京"青露"、浙江"馒乡人"等项目并购，进一步完善区域市场布局，有效带动加盟门店业务规模提 升。同时，公司持续强化精益改善、新品研发及供应链管理优化，有效控制原材料成本，全面提升整体 运营效率，保障经营发展稳健向好，实现营业收入稳步增长，成本费用合理下降。此外，报告期内公司 间接持有的东鹏饮料（集团）股份有限公司股票受二级市场价格波动的影响，产生的公允价值变动收益 和投资收益较去年同期合计减少9382万元，导致公司营业利润、利润总额、净利润同比有所下降。 北京商报讯（记者 郭秀娟 王悦彤） 2月3日，巴比食品发布业绩快报，2025年公司实现营业收入18.59亿 元，同比增长11.22%；实现归母净利润2.73亿元，同比下降1.3%。 ...

2025年前三季度实现营收为168.44亿元，同比增长34.13%；净利润为37.61亿元，同比增长38.91%。预 计全年营收将突破207亿元，同比增长超31%，归母净利润为43.40亿元-45.90亿元，同比增长 30.36%-37.97%。 分产品来看，东鹏饮料营收仍以能量饮料为核心。截止去年三季度末，能量饮料的收入占比为 74.63%。不过产品结构在持续优化，电解质饮料收入占比已由上年9.66%提升至16.91%，其他饮料合计 收入占比升至8.46%。 据悉，本次以1.5亿美元领投的Al-Rayyan系卡塔尔投资局间接全资子公司。这不仅是卡塔尔首次布局中 国消费IPO，还是其历史上单笔金额最高的基石投资。 而东鹏饮料能获得明星资本的青睐，离不开自身优异表现。 据弗若斯特沙利文，东鹏饮料核心产品东鹏特饮自2021年起已连续四年位居中国功能饮料市场第一，市 场份额已从2021年的15%增长至2024年的26.3%。目前，其产品矩阵已涵盖能量饮料、运动饮料、茶饮 料、咖啡饮料等多个品类，覆盖430万个终端销售网点。 根据规划，东鹏饮料此次赴港上市所募集的资金，除了用于完善产能布局和推进供应链升级，还将有 1 ...