---
title: "Citi raises NONGFU SPRING's target price to 58.5 yuan and initiates a 30-day positive catalyst observation"
description: "Citi raised the target price for NONGFU SPRING to 58.5 yuan and expects sales to grow by 22% and net profit to grow by 25% in 2025. The bank believes that the sales recovery of packaged water and read"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272494939.md"
published_at: "2026-01-14T03:51:03.000Z"
---

# Citi raises NONGFU SPRING's target price to 58.5 yuan and initiates a 30-day positive catalyst observation

> Citi raised the target price for NONGFU SPRING to 58.5 yuan and expects sales to grow by 22% and net profit to grow by 25% in 2025. The bank believes that the sales recovery of packaged water and ready-to-drink tea beverages is strong, maintaining a "Buy" rating and initiating a 30-day positive catalyst observation

Citi released a report stating that it expects NONGFU SPRING (09633.HK) to achieve a 22% increase in full-year sales for 2025, which is 7 percentage points higher than the management's guidance of "mid-single digits" and 4 percentage points above market expectations. This is mainly attributed to a stronger-than-expected recovery in the sales of packaged water and better-than-expected sales performance of ready-to-drink tea beverages in the second half of the year. At the same time, it expects a 25% year-on-year growth in net profit for the full year of 2025, which is 3 percentage points higher than market expectations.

The bank raised its net profit forecasts for NONGFU SPRING for 2025 and 2026 by 4% and 3%, respectively, and increased the target price from 53.3 yuan to 58.5 yuan. It has initiated a 30-day observation period for positive catalysts and maintained a "Buy" rating, ranking Dongpeng Beverage (605499.SH) and NONGFU SPRING as top picks in the Chinese food and beverage sector

### Related Stocks

- [09633.HK - NONGFU SPRING](https://longbridge.com/en/quote/09633.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.