<p>亚洲最大的饮料 IPO 标志着 A+H 全球新时代的到来</p>
<p>, /PRNewswire/ -- 东鹏饮料 (09980.HK / 605499.SH)，作为丰收资本的投资组合公司，今天在香港证券交易所正式上市，成为中国首家同时在 A 股和 H 股市场上市的功能性饮料公司。市值超过 1400 亿港元。</p>
<p>此次发行筹集了约 101.4 亿港元，香港公众认购超额 57.46 倍，国际配售超额 15.60 倍，创下亚洲饮料行业的新筹资记录，并标志着迄今为止亚洲最大的饮料 IPO。</p>
<p>作为东鹏饮料最早的——也是当时唯一的——外部机构投资者，丰收资本自豪地陪伴公司走过了整个旅程。这个里程碑不仅代表了投资组合公司的成功，也验证了对消费品牌的长期信念投资。</p>
<p>从 1994 年到第一名：打造中国领先的功能性饮料品牌</p>
<p>东鹏饮料成立于 1994 年，其发展轨迹与中国本土消费冠军的崛起相映成趣。在创始人兼董事长林木勤的领导下，公司通过敏锐的市场洞察和不懈的执行，将东鹏能量饮料打造成家喻户晓的品牌。</p>
<p>如今，东鹏饮料是中国领先的功能性饮料公司。近年来，其收入增长率在全球前 20 家上市软饮料公司中排名第一，凸显了其卓越的增长势头。</p>
<p>凭借其标志性口号——“当你感到疲倦或困倦时，选择东鹏”——该品牌已成为中国长途司机、快递员和深夜办公室工作人员的日常能量伴侣，助力国家庞大的奋斗者群体。</p>
<p>十年的合作：丰收资本与东鹏饮料</p>
<p>丰收资本与东鹏饮料的合作根植于其对高频率、强品牌忠诚度和可扩展旗舰产品的消费逻辑的长期信念。</p>
<p>凭借在功能性饮料领域早期投资的深厚经验，丰收资本早期就认识到功能性饮料是非酒精饮料中增长最快的细分市场之一。该公司于 2015 年首次与东鹏接触，并在 2017 年投资 3.5 亿人民币，成为当时公司的唯一外部股东。</p>
<p>在 A 股市场合作近十年后，丰收资本再次作为东鹏饮料香港上市的基石和锚定投资者参与，重申对公司全球扩张的长期支持。</p>
<p>行业领先的表现：200 亿人民币收入背后的基本面</p>
<p>根据公司最新的盈利指引，东鹏饮料继续实现卓越增长：</p>
<p>收入规模：预计 2025 年全年收入将超过 207.6 亿人民币，同比增长超过 31%；</p>
<p>盈利能力：净利润预计将达到 43.4 亿至 45.9 亿人民币，增长率高达 37.97%；</p>
<p>分销实力：公司已建立覆盖近 100% 中国地级市的全国网络，拥有 3200 多家经销商和 430 万活跃零售网点，触达超过 2.5 亿消费者。</p>
<p>这一强大的内生增长引擎支撑了东鹏饮料创纪录的 IPO 及其在近年来成为亚洲最大饮料上市公司的地位。</p>
<p>走向全球：从中国东鹏到全球东鹏</p>
<p>H 股上市标志着东鹏饮料全球化旅程的战略拐点。</p>
<p>公司的雄心不仅限于国内领导地位——它旨在发展成为一个全球多元化的饮料集团，可与可口可乐和三得利等国际标志性品牌相媲美。</p>
<p>东鹏产品现已在 30 多个国家和地区销售，并在美国、印度尼西亚和越南等市场设立了海外子公司。香港发行的收益将主要用于全球生产能力扩张和供应链升级，推动海外制造与海外分销的双引擎模式。</p>
<p>丰收资本董事长宋向前先生评论道：</p>
<p>“东鹏饮料的 A+H 双重上市是中国功能性饮料行业走向全球舞台的宣言。作为基石投资者，丰收资本将继续支持冠军——支持东鹏在全球市场展翅高飞。我们坚信，中国品牌的全球化不仅仅是出口产品，而是出口价值链和管理卓越。今天，我们见证历史；明天，我们将继续共同创造伟大。”</p>
<p>再次祝贺东鹏饮料取得这一里程碑式的成就。</p>
<p>来源：丰收资本</p>
<p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjAzJk5ld3NJdGVtSWQ9Q043ODMzMiZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDMyMjE0UFJfTkVXU19VU1BSX19fX19DTjc4MzMy?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjAzJk5ld3NJdGVtSWQ9Q043ODMzMiZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDMyMjE0UFJfTkVXU19VU1BSX19fX19DTjc4MzMy"/></p>

东鹏饮料

<p>东鹏饮料正式在香港证券交易所上市，成为中国首家同时在 A 股和 H 股市场上市的功能性饮料公司。此次 IPO 筹集了约 101.4 亿港元，获得了显著的超额认购。作为长期投资者的 Harvest Capital 自 2015 年以来一直支持东鹏，并参与了此次上市。该公司旨在全球扩张，产品已在 30 多个国家销售。IPO 所得款项将用于提升生产能力和供应链升级，标志着中国品牌全球化的重要里程碑</p>

<p>Asia's Largest Beverage IPO Marks the Dawn of a New A+H Global Era</p>
<div class="lb-trans"><p>亚洲最大的饮料 IPO 标志着 A+H 全球新时代的到来</p>
</div><p>, /PRNewswire/ -- Eastroc Beverage (09980.HK / 605499.SH), a portfolio company of Harvest Capital, today made its official debut on the Hong Kong Stock Exchange, becoming the first functional beverage company in China to be listed on both the A-share and H-share markets.Market capitalization exceeding HKD 140 billion.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- 东鹏饮料 (09980.HK / 605499.SH)，作为丰收资本的投资组合公司，今天在香港证券交易所正式上市，成为中国首家同时在 A 股和 H 股市场上市的功能性饮料公司。市值超过 1400 亿港元。</p>
</div><p>The offering raised approximately HKD 10.14 billion, with the Hong Kong public offering 57.46 times oversubscribed and the international tranche 15.60 times oversubscribed, setting a new fundraising record for the Asian beverage sector and marking the largest beverage IPO in Asia to date.</p>
<div class="lb-trans"><p>此次发行筹集了约 101.4 亿港元，香港公众认购超额 57.46 倍，国际配售超额 15.60 倍，创下亚洲饮料行业的新筹资记录，并标志着迄今为止亚洲最大的饮料 IPO。</p>
</div><p>As Eastroc Beverage's earliest — and at the time, sole — external institutional investor, Harvest Capital is proud to have accompanied the company throughout its journey. This milestone represents not only the success of a portfolio company, but also a validation of long-term conviction investing in consumer brands.</p>
<div class="lb-trans"><p>作为东鹏饮料最早的——也是当时唯一的——外部机构投资者，丰收资本自豪地陪伴公司走过了整个旅程。这个里程碑不仅代表了投资组合公司的成功，也验证了对消费品牌的长期信念投资。</p>
</div><p>From 1994 to No. 1: Building China's Leading Functional Beverage Brand</p>
<div class="lb-trans"><p>从 1994 年到第一名：打造中国领先的功能性饮料品牌</p>
</div><p>Founded in 1994, Eastroc Beverage's trajectory mirrors the rise of China's homegrown consumer champions. Under the leadership of founder and Chairman Mr. Lin Muqin, the company transformed Eastroc Energy Drink into a household name through sharp market insight and relentless execution.</p>
<div class="lb-trans"><p>东鹏饮料成立于 1994 年，其发展轨迹与中国本土消费冠军的崛起相映成趣。在创始人兼董事长林木勤的领导下，公司通过敏锐的市场洞察和不懈的执行，将东鹏能量饮料打造成家喻户晓的品牌。</p>
</div><p>Today, Eastroc Beverage is China's leading functional beverage company. In recent years, its revenue growth rate has ranked first among the world's top 20 listed soft drink companies, underscoring its exceptional momentum.</p>
<div class="lb-trans"><p>如今，东鹏饮料是中国领先的功能性饮料公司。近年来，其收入增长率在全球前 20 家上市软饮料公司中排名第一，凸显了其卓越的增长势头。</p>
</div><p>With its iconic slogan — &#34;When you're tired or sleepy, reach for Eastroc&#34; — the brand has become a daily energy companion for long-haul drivers, delivery workers, and late-night office professionals across China, fueling the country's vast community of strivers.</p>
<div class="lb-trans"><p>凭借其标志性口号——“当你感到疲倦或困倦时，选择东鹏”——该品牌已成为中国长途司机、快递员和深夜办公室工作人员的日常能量伴侣，助力国家庞大的奋斗者群体。</p>
</div><p>A Decade-Long Partnership: Harvest Capital and Eastroc Beverage</p>
<div class="lb-trans"><p>十年的合作：丰收资本与东鹏饮料</p>
</div><p>Harvest Capital's partnership with Eastroc Beverage is rooted in its long-held belief in the consumer logic of high frequency, strong brand loyalty, and scalable flagship products.</p>
<div class="lb-trans"><p>丰收资本与东鹏饮料的合作根植于其对高频率、强品牌忠诚度和可扩展旗舰产品的消费逻辑的长期信念。</p>
</div><p>Drawing on deep experience from earlier investments in the functional beverage category, Harvest Capital recognized early on that functional drinks represented one of the fastest-growing segments within non-alcoholic beverages. The firm first engaged with Eastroc in 2015, and in 2017 invested RMB 350 million, becoming the company's only external shareholder at the time.</p>
<div class="lb-trans"><p>凭借在功能性饮料领域早期投资的深厚经验，丰收资本早期就认识到功能性饮料是非酒精饮料中增长最快的细分市场之一。该公司于 2015 年首次与东鹏接触，并在 2017 年投资 3.5 亿人民币，成为当时公司的唯一外部股东。</p>
</div><p>After nearly a decade of partnership in the A-share market, Harvest Capital once again participated as a cornerstone and anchor investor in Eastroc Beverage's Hong Kong listing, reaffirming its long-term support for the company's global expansion.</p>
<div class="lb-trans"><p>在 A 股市场合作近十年后，丰收资本再次作为东鹏饮料香港上市的基石和锚定投资者参与，重申对公司全球扩张的长期支持。</p>
</div><p>Industry-Leading Performance: The Fundamentals Behind RMB 20 Billion in Revenue</p>
<div class="lb-trans"><p>行业领先的表现：200 亿人民币收入背后的基本面</p>
</div><p>According to the company's latest earnings guidance, Eastroc Beverage continues to deliver standout growth:</p>
<div class="lb-trans"><p>根据公司最新的盈利指引，东鹏饮料继续实现卓越增长：</p>
</div><p>Revenue scale: Full-year 2025 revenue is expected to exceed RMB 20.76 billion, representing year-on-year growth of over 31%;</p>
<div class="lb-trans"><p>收入规模：预计 2025 年全年收入将超过 207.6 亿人民币，同比增长超过 31%；</p>
</div><p>Profitability: Net profit is projected to reach RMB 4.34–4.59 billion, with growth of up to 37.97%;</p>
<div class="lb-trans"><p>盈利能力：净利润预计将达到 43.4 亿至 45.9 亿人民币，增长率高达 37.97%；</p>
</div><p>Distribution strength: The company has built a nationwide network covering nearly 100% of China's prefecture-level cities, supported by more than 3,200 distributors and 4.3 million active retail outlets, reaching over 250 million consumers.</p>
<div class="lb-trans"><p>分销实力：公司已建立覆盖近 100% 中国地级市的全国网络，拥有 3200 多家经销商和 430 万活跃零售网点，触达超过 2.5 亿消费者。</p>
</div><p>This powerful, internally driven growth engine underpins Eastroc Beverage's record-breaking IPO and its emergence as Asia's largest beverage listing in recent years.</p>
<div class="lb-trans"><p>这一强大的内生增长引擎支撑了东鹏饮料创纪录的 IPO 及其在近年来成为亚洲最大饮料上市公司的地位。</p>
</div><p>Going Global: From China's Eastroc to Eastroc of the World</p>
<div class="lb-trans"><p>走向全球：从中国东鹏到全球东鹏</p>
</div><p>The H-share listing represents a strategic inflection point in Eastroc Beverage's globalization journey.</p>
<div class="lb-trans"><p>H 股上市标志着东鹏饮料全球化旅程的战略拐点。</p>
</div><p>The company's ambition extends beyond domestic leadership — it aims to evolve into a global, diversified beverage group, comparable to international icons such as Coca-Cola and Suntory.</p>
<div class="lb-trans"><p>公司的雄心不仅限于国内领导地位——它旨在发展成为一个全球多元化的饮料集团，可与可口可乐和三得利等国际标志性品牌相媲美。</p>
</div><p>Eastroc products are now sold in more than 30 countries and regions, with overseas subsidiaries established in markets including the United States, Indonesia, and Vietnam. Proceeds from the Hong Kong offering will be primarily allocated toward global production capacity expansion and supply-chain upgrades, advancing a dual-engine model of overseas manufacturing plus overseas distribution.</p>
<div class="lb-trans"><p>东鹏产品现已在 30 多个国家和地区销售，并在美国、印度尼西亚和越南等市场设立了海外子公司。香港发行的收益将主要用于全球生产能力扩张和供应链升级，推动海外制造与海外分销的双引擎模式。</p>
</div><p>Mr. Alan Song Xiangqian, Chairman of Harvest Capital, commented:</p>
<div class="lb-trans"><p>丰收资本董事长宋向前先生评论道：</p>
</div><p>&#34;Eastroc Beverage's A+H dual listing is a declaration of China's functional beverage industry stepping onto the global stage. As a cornerstone investor, Harvest Capital will continue to stand behind champions — supporting Eastroc as it spreads its wings across global markets. We firmly believe that the globalization of Chinese brands is not merely about exporting products, but about exporting value chains and management excellence. Today, we witness history; tomorrow, we will continue to build greatness together.&#34;</p>
<div class="lb-trans"><p>“东鹏饮料的 A+H 双重上市是中国功能性饮料行业走向全球舞台的宣言。作为基石投资者，丰收资本将继续支持冠军——支持东鹏在全球市场展翅高飞。我们坚信，中国品牌的全球化不仅仅是出口产品，而是出口价值链和管理卓越。今天，我们见证历史；明天，我们将继续共同创造伟大。”</p>
</div><p>Congratulations once again to Eastroc Beverage on this landmark achievement.</p>
<div class="lb-trans"><p>再次祝贺东鹏饮料取得这一里程碑式的成就。</p>
</div><p>SOURCE Harvest Capital</p>
<div class="lb-trans"><p>来源：丰收资本</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjAzJk5ld3NJdGVtSWQ9Q043ODMzMiZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDMyMjE0UFJfTkVXU19VU1BSX19fX19DTjc4MzMy" alt="" original-src="https://rt.prnewswire.com/rt.gif?NewsItemId=CN78332&amp;Transmission_Id=202602032214PR_NEWS_USPR_____CN78332&amp;DateId=20260203"/></p>

ETHarvest Capital 祝贺东鹏饮料在香港成功上市