Core Viewpoint - Dongpeng Beverage is preparing for a secondary IPO on the Hong Kong Stock Exchange, aiming to raise approximately HKD 14.93 billion (around RMB 13.8 billion) to fund overseas production capacity, channel expansion, brand internationalization, and digital upgrades [2][4]. Group 1: IPO Details - Dongpeng Beverage has submitted its H-share prospectus for a secondary IPO after its first submission expired due to not passing the hearing within the six-month validity period [2]. - The company plans to use the raised funds primarily for overseas production in Vietnam and Indonesia, with a significant investment of approximately HKD 8.5 billion allocated for a new production line in Vietnam and an aluminum bottle line in Indonesia [4]. - If successful, Dongpeng will become the second Chinese beverage company to be listed in both A-share and H-share markets, following Andeli [4]. Group 2: Financial Performance and Growth - Dongpeng Beverage's sales have dramatically increased from 18 million bottles in 2009 to 880 million bottles in 2016, achieving a compound annual growth rate of 154% [10]. - The company has raised a total of RMB 1.43 billion through three rounds of financing from venture capital firms, significantly boosting its valuation from RMB 48 billion in 2017 to RMB 150 billion in 2020 [12][15]. - As of October 13, 2025, Dongpeng's market capitalization reached RMB 154.2 billion, reflecting a growth of nearly RMB 100 billion over four years [16]. Group 3: Company Background - Dongpeng Beverage was established in 1994 and initially focused on soy milk and herbal tea, facing financial difficulties by 1999 [9]. - In 2003, a management buyout transformed the company from a state-owned enterprise to a private entity, leading to significant growth and innovation in its product offerings [10]. - The catchy advertising slogan "Tired? Drink Dongpeng" has played a crucial role in establishing brand recognition and driving sales growth [7].