研報掘金丨東北證券:維持東鵬飲料“買入”評級,業績表現持續超出市場預期
東北證券研報指出,能量飲料賽道延續高景氣,東鵬飲料(605499.SH)增長持續超預期。2013-2023年中國能量飲料市場規模從189.17億元增長至575.75億元,CAGR為11.77%,高景氣度延續,並且從人均消費量來看仍有廣闊發展空間。公司核心單品東鵬特飲憑藉高性價比優勢,銷售額市佔率由2019年的12.9%快速提升至2023年的28.2%,快速追趕紅牛。在此期間,公司逐步建立起經銷商、郵差、批發商、終端零售點以及電商平台等多渠道、廣覆蓋、扁平化的經銷網絡,2024H1末覆蓋終端數量已達360萬家。2024年在整個消費環境相對疲軟的情況下,公司業績表現持續超出市場預期,展現出強勁的增長勢能。維持公司“買入”評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.