Nongfu Spring 9633

Re: Nongfu Spring 9633

Postby winston » Wed Aug 27, 2025 9:49 am

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<Results>NONGFU SPRING Interim NP RMB7.622B, Up 22.2%

NONGFU SPRING (09633.HK) announced its interim results for the period ended June 2025.

Turnover rose 15.6% YoY to RMB25.622 billion.

Net profit amounted to RMB7.622 billion, up 22.2% YoY, with an EPS of RMB0.677. No dividend was declared.

Dividend History
Announce Date Event Particular
2025/03/25 Final D:RMB 0.7600 (Equivalent to approximately HKD 0.82)
2024/08/27 Interim No Dividend
2024/03/26 Final D:RMB 0.7500 (Equivalent to approximately HKD 0.82)
2023/08/29 Interim No Dividend

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Nongfu Spring 9633

Postby winston » Thu Mar 12, 2026 1:16 pm

<Research>G Sachs Hikes NONGFU SPRING (09633.HK) TP to $60, Expects 26% Rise in 2025 NP

Goldman Sachs estimated NONGFU SPRING (09633.HK) to achieve RMB51.1 billion in sales and RMB15.2 billion in net profit for 2025, representing YoY growth of 19% and 26%, respectively, topping the broker's previous expectations.

This was mainly due to slightly better-than-expected growth in packaged water and tea beverages, as well as a mild NPM expansion.

The broker raised its revenue forecast for 2025-27 by 1-2% and its net profit forecast by approximately 2%.

It expected sales and net profit to hike by 19% and 26% YoY in 2025, and by 14% and 16% in 2026.

The target price was lifted from HKD58.6 to HKD60, with a reiterated Buy rating.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news
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Re: Nongfu Spring 9633

Postby winston » Thu Mar 12, 2026 1:36 pm

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<Research>Daiwa Expects NONGFU SPRING (09633.HK) to Accelerate Growth Momentum in 2H25, Still Focus on Packaged Water & Tea Segments This Yr

2026/01/15

In a meeting with the management of NONGFU SPRING (09633.HK) , the Company emphasized the rapid recovery of its market share in the packaged water segment, and a strong customer retention rate for its ready-to-drink tea beverages in 4Q25, Daiwa published a research report saying.

It is expected that revenue for the above two businesses will grow by 25% YoY, driving a 23% YoY increase in revenue and a 28% YoY increase in net profit for 2H25.

Looking ahead to 2026, Daiwa believed that NONGFU SPRING will continue to focus on its packaged water and ready-to-drink tea beverage businesses to drive growth.

Based on the upward revision of 2H25 sales forecast, Daiwa raised its 2025 EPS forecast for NONGFU SPRING by 2%, but maintained its 2026/ 2027 EPS forecasts unchanged.

The broker reiterated rating at Buy, but lifted its 12-month target price from $59 to $58, with a target PE ratio of 33x.

AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news
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Re: Nongfu Spring 9633

Postby winston » Wed Mar 25, 2026 8:12 am

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Chinese bottled water maker Nongfu Spring posts a 30.9pc rise in profit last year

Posted a 30.9 percent rise in net profit to 15.9 billion yuan (HK$18.1 billion) and proposed a final dividend of 99 fen, up from 76 fen a year ago. 

Total revenue during the period grew by 22.5 percent to 52.6 billion yuan, of which packaged drinking water product sales jumped 17.3 percent to 18.7 billion yuan, accounting for 35.6 percent of the total. 

Tea beverage and functional beverage products brought the firm 21.6 billion yuan and 5.7 billion yuan last year, up by 29 percent and 16.8 percent from 2024, respectively.


Source: The Standard

https://www.thestandard.com.hk/finance/article/327583/
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Re: Nongfu Spring 9633

Postby winston » Thu Mar 26, 2026 2:15 pm

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<Research> UBS Raises TP for NONGFU SPRING (09633.HK) to HKD41.6, Earnings Forecast Revised Up but Maintains 'Sell' Rating

UBS released a research report stating that NONGFU SPRING (09633.HK) exceeded expectations in its fiscal year 2025 results, with revenue and net profit growing by 22.5% and 30.9% year-on-year, reaching RMB52.553 billion and RMB15.868 billion, respectively.

In the second half of last year, revenue and net profit increased by 30% and 40% year-on-year, reaching RMB26.931 billion and RMB8.246 billion.

During the period, the gross profit margin benefited from the decline in costs of raw materials such as PET, cartons, and sugar, rising by 2.4 ppts year-on-year to 60.5%.

The management did not provide specific guidance for the gross and net profit margins for 2026, mainly considering the volatility in PET prices and plans to increase marketing investment.

The company has secured part of its PET supply and has no plans to raise prices, while maintaining strict expense management.

In terms of overseas expansion, the short-term focus will be on the Hong Kong and ASEAN markets. UBS raised the group's earnings forecast, increasing the target price from HKD37.24 to HKD41.6, equivalent to a forecasted 24x P/E ratio for 2026 and 22x P/E ratio for 2027, maintaining a 'Sell' rating. (hc/w)

Related News - Citi: NONGFU SPRING (09633.HK) 2025 NP Beats; Top Buy in CN F&B

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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