Dongpeng Beverage nearly 90% of the funds raised for 2025 will be used, and the headquarters building project has been postponed to 2026.

MaticHoleFiller · 2026-04-07T05:34:57+00:00

Dongpeng Beverage will release the 2025 fundraising usage report in 2026, with a total of approximately 1.66B yuan used for various project investments. The headquarters building construction project is still ongoing, and idle funds have been managed with cash investments, generating a return of 1.0999 million yuan. The sponsor and auditing firm have both issued unqualified opinions, and the company's management and usage are in compliance with regulations.

MaticHoleFiller

2026-04-07 05:34:57

Abstract generation in progress

China Visit Network data

Dongpeng Beverage (Group) Co., Ltd. released a special report on March 31, 2026 regarding the storage and use of raised funds for the fiscal year 2025. The report shows that, as of December 31, 2025, the company had cumulatively used approximately RMB 1.66B of raised funds, accounting for 96.08% of the net amount of RMB 1.73B raised through its initial public offering of shares. During this year, the company used RMB 30.88 million of raised funds.

In terms of progress on projects financed by raised funds, the eight projects—including the South China production base, the Chongqing Xipeng production base, Phase II of the Nanning production base, the marketing network upgrade and brand promotion, the group information technology upgrade, the Pengxun Cloud Commerce information technology upgrade, the R&D center construction, and the supplementing of working capital—have all completed their investments, and the related special accounts for raised funds have been deregistered. Among them, the implementation entity for the R&D center construction project was changed in 2023 from a wholly owned subsidiary, Guangdong Dongpeng Beverage Co., Ltd., to Guangzhou Dongpeng Food and Beverage Co., Ltd.

The construction of the headquarters building is still underway. By the end of the reporting period, the cumulative investment was approximately RMB 130 million, with an investment progress of 63.23%. The company has approved in June 2025 to adjust the project’s planned date for achieving its intended state of usable conditions to June 2026.

For fiscal year 2025, the company used some of the idle raised funds for cash management. It cumulatively invested RMB 309 million to purchase products such as structured deposits, achieving收益 of RMB 1.0999 million. As of the end of the reporting period, the principal of the cash management products not yet due was RMB 70.00 million, and the balance in the special account for raised funds was RMB 16.1568 million.

The sponsor, Huatai United Securities, and the audit institution, Deloitte Huayong Certified Public Accountants, Co., Ltd., both issued unqualified verification conclusions regarding the company’s storage and use of raised funds for fiscal year 2025. The company stated that the management and use of raised funds comply with relevant regulatory requirements and there are no violations.

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