每经记者｜赵李南 每经编辑｜董兴生 7月13日，紫金矿业（SH601899，股价18.89元，市值4979.83亿元）等多家上市公司发布半年度业绩预 告。紫金矿业预计2025年半年度实现归属于上市公司股东的净利润约232亿元，同比增加约54%。 今年上半年，紫金矿业的矿产铜和矿产金产量分别同比增长10%和17%。紫金矿业表示，报告期，矿产 金、矿产铜、矿产锌、矿产银销售价格同比上升。 "报告期内公司业绩的增长主要是报告期内产品销量较上年同期有所增长所致。"中国中车表示。 同日，多家券商也发布了上半年业绩预告或快报。华安证券（SH600909）、国金证券（SH600109）和 长城证券（SZ002939）分别预计今年上半年归属于上市公司股东的净利润同比增长44.94%、140%至 150%、85%至95%。 《每日经济新闻》记者注意到，除了黄金和券商板块，近期还有多家巨头披露业绩大涨相关公告。 7月11日，东鹏饮料（SH605499）公告称，预计2025年半年度实现归属于母公司所有者的净利润在23.1 亿元到24.5亿元间，与上年同期（法定披露数据）相比，将增加约5.79亿元到约7.19亿元，增幅为 33.48 ...

这是新消费智库第 2 6 6 6 期文章 新消费导读 . . . . . . 4. Giorgio Armani 与 KITH 再度联袂发布全新系列 继 2024 秋冬系列合作之后， Giorgio Armani 与纽约街头时尚品牌 KITH 再度携手，推出全新联名系列 "ESTATE" ，首次同时涵盖男 装与女装。 （ 时尚无国界 ） 5. HOKA 推出全新鞋款 一周新品 1. 简爱超级桶荔枝杨梅风味发酵乳新品上市 1. 简爱超级桶荔枝杨梅风味发酵乳新品上市 2. 茉莉奶白推出恋夏漂亮水系列 3. 三顿半携手迪士尼《疯狂动物城》推出最新产品系列 4. 古茗携手吴彦祖加码咖啡业务 5. 专业跑步品牌 SOAR 进军中国市场 6. 霸王茶姬全国首家茶苑主题店将开业 7. 南酸枣糕齐云山冲刺港股 IPO 8. 植物医生冲 IPO 9. 梦龙冰淇淋独立运营 10. CHALI 潮养系列上新 11. 白鹤酒造 跨界做美妆 12. 巴黎欧莱雅推出 AI 美容助手 13. 悦诗风吟正式关闭海外旗舰店 简爱超级桶荔枝杨梅风味发酵乳新品上市。新品精选优质荔枝杨梅原料，不含色素、明胶、果胶、防腐剂、复原乳、食用香精，采用 1 ...

7 月 11 日公司发布业绩预告，25H1 预计实现营收 106.3-108.4 亿 元，同比+35.0%～37.7%；实现归母净利润 23.1-24.5 亿元，同比 +33.5%～41.6%；实现扣非归母净利润 22.2-23.6 亿元，同比 +30.1%～38.3%。其中单 Q2 预计实现营收 57.8-59.9 亿元，同比 +31.7%～36.5%；实现归母净利润 13.3-14.7 亿元，同比+24.6%～ 37.8%；实现扣非归母净利润12.6-14.0亿元，同比+16.5%～29.4%。 Q2 收入增长中枢落在 34%+，收入保持高增长态势。主要系 1）特 饮基本盘稳健，预计增速保持在 25%以上，贡献主要增量。2）公 司积极探索多品类发展，培育新的增长点，补水啦、果汁茶持续 扩张网点，大包装+一元乐享提升复购，预计月销环比提升，新品 带来多元增量贡献。 3）考虑到新品一元乐享中奖率倾斜，公司 借助冰冻化、数字化优势进行终端建设，预计动销表现更为亮眼。 Q2 扣非净利率受产品结构+费投节奏扰动，高基数下具备韧性。 以中枢计算，25Q2 归母净利率为 23.8%，同比-0.50pct；扣非净 利率为 ...

事件：公司发布2025 年半年度业绩预增公告，2025 年上半年公司预计实现营业收入106.30-108.40 亿 元，同比+35.01%至+37.68%，预计实现归母净利润23.10-24.50 亿元，同比+33.48%至+41.57%，预计实 现扣非归母净利润22.20-23.60 亿元，同比+30.06%至+38.26%。 全国化稳步推进，多品类持续提供增长动力。单25Q2 看，公司预计实现营业收入57.82-59.92 亿元，同 比+31.7%至36.5%，预计实现归母净利润13.30-14.70 亿元，同比+24.7%至+37.8%，预计实现扣非归母 净利润12.61-14.01 亿元，同比+16.5%至+29.4%。 25 年上半年，在渠道方面，公司始终以"动销指导相关的经营活动"作为公司的明确共识，持续推进全 国化战略，通过精细化渠道管理，不断加强渠道运营能力，继续加强冰冻化建设，提高全品项产品的曝 光率、拉动终端动销；在产品方面，东鹏特饮基本盘持续夯实，增长稳健，同时，积极通过多品类发展 培育新的增长点；在产能方面，25 年4 月，海南生产基地开始动工，预计27 年建成，作为公司在全国 布局的 ...

Core Insights - The Lin Muqin family ranks among the top ten in Shenzhen's New Fortune 500 list with a holding market value of 77.77 billion yuan, improving their overall ranking by 23 places compared to previous years, reflecting the success of Dongpeng Beverage and Lin Muqin's business acumen [1] Company Development - Dongpeng Beverage originated as a state-owned beverage producer in Shenzhen, primarily manufacturing soy milk and herbal tea, but faced near bankruptcy with annual revenue below 20 million yuan [2] - In a critical moment, Lin Muqin invested 4.6 million yuan to transition the company from state-owned to private, becoming the largest shareholder and embarking on a challenging entrepreneurial journey [2] - Recognizing the potential in the functional beverage market, Lin Muqin launched Dongpeng Special Drink in 2009 with innovative packaging and a competitive pricing strategy, quickly gaining recognition among blue-collar consumers [2][6] Brand Expansion - To enhance brand visibility, Dongpeng signed celebrity endorsement deals and invested in advertising through major platforms, leading to significant market presence [6] - The company has diversified its product offerings, launching "Dongpeng Supplement Water" in 2023, which achieved nearly 1.5 billion yuan in revenue in 2024, marking it as a new growth driver [10][11] - The introduction of the "Shangcha" series and "Dongpeng Daka" coffee brand reflects the company's response to consumer demand for healthier options and diverse flavors [14] Marketing and Sales Strategy - Dongpeng has established a robust sales network with over 3,000 distributors and 4 million active retail outlets, with significant revenue contributions from key regions [15] - The company employs innovative marketing strategies, including a "one code for one item" system and data-driven decision-making processes to enhance consumer engagement and optimize supply chain management [15][18] - Collaborations with major events and targeted advertising campaigns have strengthened brand recognition, particularly among younger demographics [16] Future Outlook - Dongpeng aims to continue its growth trajectory by focusing on innovation and quality while exploring global market opportunities, solidifying its position as a leading national beverage brand [16]

Core Viewpoint - Dongpeng Beverage Group Co., Ltd. is forecasting a significant increase in profits and revenue for the upcoming period, indicating strong business performance and growth potential [1][2][3] Group 1: Performance Forecast - The company expects profits to range between 231 million to 245 million yuan, representing an increase of 57.941 million to 71.941 million yuan compared to the same period last year, with a growth rate of 33.48% to 41.57% [1] - An alternative profit estimate is provided, with expected profits between 222 million to 236 million yuan, reflecting an increase of 51.309 million to 65.309 million yuan, corresponding to a growth rate of 30.06% to 38.26% [2] Group 2: Revenue Expectations - The company anticipates achieving operating revenue between 1,063 million to 1,084 million yuan, which would be an increase of 275.671 million to 296.671 million yuan compared to the previous year's revenue of 787.329 million yuan [3] Group 3: Reasons for Performance Increase - The growth is attributed to the ongoing national strategy, refined channel management, and enhanced operational capabilities, which have improved product visibility and sales [2] - The company is also focusing on solidifying its core product base while exploring multi-category development to create new growth points [2]

证券研究报告 | 行业周报 gszqdatemark 2025 07 06 年 月 日 食品饮料 周观点：关注健康化消费趋势、产品创新与渠道迭代 分析师 李梓语 执业证书编号：S0680524120001 邮箱：liziyu1@gszq.com 分析师 陈熠 执业证书编号：S0680523080003 邮箱：chenyi5@gszq.com 分析师 王玲瑶 执业证书编号：S0680524060005 邮箱：wanglingyao@gszq.com 相关研究 1、《食品饮料：周观点：啤酒饮料正当旺季，持续关注 渠道变化》 2025-06-29 2、《拆解 IFBH 的椰子水王国：——饮料行业系列报告 （二）》 2025-06-24 3、《食品饮料：保健品 618 点评：健康消费风起，细 分赛道亮眼》 2025-06-24 投资建议：1、白酒：多家高管调整，产业持续迭代更新，期待板块筑 底企稳，建议关注"优势龙头、红利延续、强势复苏"三条主线：1） 优势龙头，头部酒企份额持续提升：贵州茅台、五粮液、山西汾酒、古 井贡酒；2）红利延续，高确定性区域酒：今世缘（江苏格局红利）、 迎驾贡酒（洞藏大单品红利）等；3）受益 ...

AI掀起新一轮造富运动。《2025新财富500创富榜》显示，张一鸣以4815.7亿元的持股估值，首次问鼎新财富500创富榜首富，取代了此前蝉联四届首富的 钟睒睒。 而在《2025胡润全球富豪榜》中，李蔡美灵家族1,400亿财富在行业领跑，海天味业则催生4位百亿富豪，老干妈、梅花集团、天味食品等企业掌舵者均跻 身榜上。 这些"舌尖富豪"用事实证明"吃吃喝喝"照样能缔造商业帝国，更颠覆了人们对传统造富行业的认知。 本文将总结多个权威财富榜单，盘点食品&餐饮行业的造富神话。 1 从财富榜里的食品神话 一个低调却能创富的行业 据第一食品资讯梳理，今年的《2025新财富500创富榜》中，主要业务涉及食品&餐饮产业的企业有39家共计41人，他们的财富共计15186.8亿元。 在本届创富榜中，茶饮赛道的代表人物纷纷上榜。 蜜雪冰城的张红超和张红波兄弟、喜茶的聂云宸、霸王茶姬的张俊杰、茶百道的王霄锟和刘洧宏夫妇、古茗的王云安等五组人上榜。 调味品领域，海天味业、老干妈、天味食品、李锦记、梅花生物等都有上榜。 而回顾2025年初发布的《2025胡润全球富豪榜》，中国食品板块在全球中也有亮眼的表现。《2025胡润全球富豪榜》前5 ...

Core Viewpoint - Dongpeng Beverage has launched a new sugar-free version of its flagship product, Dongpeng Special Drink, indicating a strategic shift towards healthier beverage options in response to consumer demand and market trends [1][9]. Product Launch - The new sugar-free Dongpeng Special Drink is available in a 500ml bottle priced at 4.89 yuan, representing a move towards "consumption upgrade" from the traditional 4 yuan price point [1][3]. - This product is part of a broader strategy that includes previous launches of sugar-free variants, such as the 310ml Dongpeng Zero Sugar Drink and the 555ml sugar-free electrolyte water [3]. Ingredient Innovation - The new sugar-free drink includes L-α-GPC, an ingredient that is claimed to help alleviate brain fatigue, which has been approved as a new food ingredient by the National Health Commission of China [4][5]. - The recommended daily intake of L-α-GPC is ≤600mg, but it is advised that certain populations, such as infants and pregnant women, should avoid it due to insufficient safety data [4]. Market Context - The functional beverage market is experiencing a slowdown, with revenue growth dropping from 38.4% in 2023 to 28.5% in 2024, indicating market saturation [9]. - Dongpeng Beverage's reliance on its flagship product, which accounted for over 80% of its revenue in 2024, poses a risk as competitors like Red Bull and others have already introduced sugar-free options [8][9]. Competitive Landscape - The introduction of the sugar-free variant aligns with a growing consumer preference for low-sugar and sugar-free products, driven by health concerns related to high sugar intake [9]. - Competitors such as Red Bull have re-entered the market with their own sugar-free products, increasing pressure on Dongpeng Beverage to innovate and diversify its product offerings [8][9]. Strategic Implications - The launch of the sugar-free Dongpeng Special Drink is seen as a response to the health-conscious consumer trend and is part of a broader strategy to expand product categories and reduce dependency on a single product line [5][8]. - The company is also looking to leverage its upcoming listing in Hong Kong to enhance its capital base and accelerate its expansion into international markets, particularly in the health beverage segment [9].

对上述抽检中发现的不合格产品，鹰潭市市场监督管理局已通知相关市场监管部门依法处置，并要求属地市场监管部门责令食品生产经营环节相关单位立即 采取查清产品流向、停止销售、下架、召回等措施控制风险，并将查实的进货渠道、产地等信息通报相关管理部门。 | 监督抽检不合格食品信息 | 生产/购 | 不合格项目║检验结果║ | 序 | 标称生产 | 标称生产 | 食品 | 规格 | 商 | 备 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 被抽样单位名称 | 被抽样单位地址 | 号 | 企业名称 | 企业地址 | 名称 | 型号 | 标 | 进日期 | 标准值 | 注 | | | | | | 咪鲜胺和咪鲜胺锰 | 鹰潭市高新技术产业开发 | 鹰潭市高新技术产业开发区工业园区40号以南38号 | 铁棍 | 2025- | 1 / | / | / | / | / | 盐 0.738mg/kg | 05-02 | 区鲜哆多生鲜折扣店 | 路以天洁西路靠全季酒店前厅旁 ...