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Degasperis and Procesi applied the method of asymptotic integrability and obtain Degasperis–Procesi equation. They showed that it has peakon solutions, which has a discontinuous first derivative at the wave peak, but they did not explain the reason that the peakon solution arises. In this paper, we study these non-smooth solutions of the generalized Degasperis–Procesi equation u_t−u_txx+(b+1)uu_x=bu_xu_xx+uu_xxx, show the reason that the non-smooth travelling wave arise and investigate global dynamical behavior and obtain the parameter condition under which peakon, compacton and another travelling wave solutions engender. Under some parameter condition, this equation has infinitely many compacton solutions. Finally, we give some explicit expression of peakon and compacton solutions.