Eastroc Beverage, a Nanshan-based company famous for its energy drinks, was listed on the Hong Kong Stock Exchange on Feb. 3.

Trading under the ticker symbol 9980.HK, Eastroc Beverage became Hong Kong’s largest IPO by funds raised in 2026 so far and the first A-to-H dual-listed functional beverage company in the market. The company offered 40.9 million shares at HK$248 (US$31.7) each, raising approximately HK$10.1 billion.

Eastroc Beverage focuses on beverage research and development, production, and sales. Its product portfolio is centered on energy drinks and includes expansion into other beverage categories. The company has forecast that its 2025 revenue will exceed 20.76 billion yuan (US$2.9 billion), a year-on-year increase of over 31%. Net profit is projected to range between 4.34 billion yuan and 4.59 billion yuan, reflecting growth of 30.46% to 37.97% year-on-year, continuing the company’s trend of rapid growth over the past four years.

Eastroc Beverage’s board chairman Lin Muqin (2nd L) and representatives of professional intermediaries attend the company’s listing ceremony at the Hong Kong Stock Exchange.

The company has built an extensive nationwide sales network covering nearly all of China’s prefecture-level cities. It works with over 3,200 distributors and operates 4.3 million retail outlets, reaching more than 250 million end consumers.

Eastroc Beverage (605499.SH) first listed on the main board of the Shanghai Stock Exchange in 2021. With products now sold in more than 30 countries and regions, it has established subsidiaries in Indonesia, Vietnam, and Malaysia.

Nanshan District, where Eastroc Beverage is headquartered, reached a GDP of 1.01 trillion yuan in 2025, a year-on-year increase of 6.3%. This historic milestone made Nanshan the first district under a prefecture-level city in China to achieve a trillion-yuan GDP. Spanning just 185 square kilometers — less than one-tenth of Shenzhen’s total area — Nanshan contributes over a quarter of the city’s economic output.

The district has the highest density of listed companies nationwide and leads in both GDP per square kilometer and GDP per capita. Fueled by technology, innovation, talent, and institutional support, Nanshan’s economic scale surpasses that of many prefecture-level cities.

Nanshan is currently home to 218 listed enterprises. Alongside Eastroc Beverage, nine other A-share listed companies based in Nanshan — including Mindray Medical, Transsion Holdings, and Autel Intelligent Technology — are pursuing dual primary listings in Hong Kong. A further 28 companies in the district are planning overseas listings.