研报掘金丨长江证券：维持东鹏饮料“买入”评级，国内市场稳健增长，海外市场积极布局

格隆汇2025-08-05

长江证券研报指出，东鹏饮料2025年上半年归母净利润23.75亿元（+37.22%），其中2025Q2归母净利润13.95亿元（+30.75%）。补水增长迅猛，特饮相对放缓，渠道网络保持扩张。补水啦（电解质饮料）通过多口味、多规格覆盖多元化消费场景，复刻公司主品高性价比、强渠道力的打法，持续高速增长，后续的果之茶等产品也有望延续这一路径。截至2025上半年，公司经销商数量达3279家，覆盖超420...

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