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Maker of Dongpeng, China's leading domestic energy-drink brand, competing against Red Bull's China joint venture.
Maker of Dongpeng, China's leading domestic energy-drink brand, competing against Red Bull's China joint venture.
Sells to a network of distributors who supply shops across China, with one drink carrying most of the revenue. Its reach into smaller cities and rural shops, rather than only big supermarkets, is the base. Founder Lin Muqin is the controlling shareholder.
In one line: China's Celsius/Monster Beverage.
Moat: narrow (brand, distribution). Low-price positioning and wide rural/lower-tier-city distribution outflanked pricier rivals.
Headquarters: Shenzhen, China · Founded: 2003 · Employees: 12,376
Size Eastroc Beverage (Group) (605499.SS) is a China Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $11.7B, the 213th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥115.00 on 6 Nov 2026.
Performance Over six months the shares fell 26.7%, against +7.7% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 15 in its peer set.
Growth Revenue grew 12.4% over the last twelve months (peer median +10.2%); the operating margin is 25.5% (peer median 11.8%).
Valuation It trades at 17.2× forward earnings against a peer median of 17.2× (6th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +33%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 94.5 points above its cost of capital (6.8% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥22.6B | CN¥20.7B | CN¥15.7B | CN¥11.2B | CN¥8.44B |
| Revenue growth | — | +32% | +41% | +32% | — |
| Gross profit | CN¥10.9B | CN¥9.11B | CN¥6.91B | CN¥4.71B | CN¥3.49B |
| EBITDA | n/a | CN¥5.61B | CN¥4.13B | CN¥2.63B | CN¥2.00B |
| Net income | CN¥4.80B | CN¥4.42B | CN¥3.33B | CN¥2.04B | CN¥1.44B |
| Free cash flow | CN¥5.10B | CN¥4.16B | CN¥4.29B | CN¥2.57B | CN¥1.30B |
| Capital expenditure | CN¥1.99B | CN¥2.27B | CN¥1.69B | CN¥918M | CN¥793M |
| Total debt | CN¥6.67B | CN¥7.06B | CN¥6.66B | CN¥3.38B | CN¥3.33B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eastroc Beverage (Group) 605499.SS | $11.7B | -27% | +12% | 25% | 17.2× | -3.2% |
| Nongfu Spring 9633.HK | $64.9B | -1% | +27% | 38% | 24.0× | -0.2% |
| China Resources Beverage (Holdings) 2460.HK | $2.27B | -14% | -19% | 6% | 18.1× | n/a |
| Monster Beverage MNST | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
| Uni-President China 0220.HK | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% |
| Tingyi 0322.HK | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 605499.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.7% | +10.0% | 4th lowest of 15 |
| 6-month return | -26.7% | +7.7% | lowest of 15 |
| Distance from 52-week high | -51.2% | -8.2% | lowest of 15 |
| Revenue growth (TTM) | +12.4% | +10.2% | 7th highest of 15 |
| Operating margin | 25.5% | 11.8% | highest of 15 |
| Forward P/E | 17.2× | 17.2× | 6th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | -3.2% | 1.1% | 7th least demanding of 15 |
| Growth delivered (Del g) | +33.1% | +9.1% | 2nd highest of 15 |
| Hurdle (Req g minus delivered) | -36.3 pp | -14.5 pp | 2nd least demanding of 15 |
| ROIC minus cost of capital | +94.5 pp | +7.8 pp | highest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eastroc Beverage (Group) 605499.SS | China | $11.7B | -27% | +12% | 25% | 17.2× | -3.2% | +33.1% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |