MBNFSPR@EC2609A

PUXING ENERGY

STARCOIN GROUP

KNOWLEDGE ATLAS

EASY SMART GP

WORLD SUPER

XL2CSOPSMSN-U

PPS INT'L

LAP KEI ENGRG

CHINA FORTUNE

XL2CSOPSMSN

FTXG

159843

159736

09633

515170

Jefferies has maintained a Hold rating on Nongfu Spring Co., Ltd. Class H (9633) with a price target of HK$50.50, while the shares closed at HK$46.42. The analyst consensus is a Moderate Buy with an average price target of HK$55.92.

- Jefferies maintained a Hold rating on Nongfu Spring Co., Ltd. Class H with a price target of HK$50.50 as of March 25.  
- The company's shares closed at HK$46.42, which is below the price target.  
- The analyst consensus for Nongfu Spring Co., Ltd. Class H indicates a Moderate Buy with an average price target of HK$55.92.

Tip Ranks

First Trust NASDAQ Food & Beverage

China Merchants Guozheng Food and Beverage ETF

Tianhong CSI Food and Beverage ETF

NONGFU SPRING

ChinaAMC CSI Food & Beverage Sub-Industry ETF

Jefferies Sticks to Their Hold Rating for Nongfu Spring Co., Ltd. Class H (9633)

Jefferies Adjusts Nongfu Spring's Price Target to HK$50.50 From HK$50, Keeps at Hold

marketscreener

Jefferies Adjusts Nongfu Spring's Price Target to HK$50.50 From HK$50, Keeps at Hold

UBS released a report stating that NONGFU SPRING's fiscal year 2025 performance exceeded expectations, with revenue and net profit increasing by 22.5% and 30.9%, respectively. The gross profit margin improved to 60.5% due to a decrease in raw material costs. Despite raising its earnings forecast and increasing the target price from 37.24 yuan to 41.6 yuan, UBS maintained a "Sell" rating

AASTOCKS

UBS raises NONGFU SPRING's target price to 41.6 yuan, increases profit forecast but maintains "Sell" rating

516810

562900

516550

159825

NONGFU SPRING announced its 2025 annual results, with core profit and revenue both showing double-digit growth, and the stock price rose by 11.59%. Total revenue increased by 22.5% to RMB 52.55 billion, with net profit attributable to the parent company rising by 30.9% to RMB 15.868 billion, and basic earnings per share increasing by 30.9% to RMB 1.411. The board of directors proposed a final dividend of RMB 0.99 per share, with total dividends amounting to RMB 11.134 billion, and the gross profit margin improved to 60.5%. The improvement in gross profit margin was influenced by the decline in raw material prices and optimization of e-commerce channels

- Nongfu Spring (9633.HK) reported a strong financial performance for the fiscal year 2025, with double-digit growth in core earnings and revenue, leading to an 11.59% surge in share price post-announcement.  
- Total revenue rose by 22.5% year-on-year to 52.55 billion RMB, while profit attributable to shareholders increased by 30.9% to 15.868 billion RMB, resulting in a basic earnings per share of 1.411 RMB.  
- The board proposed a final dividend of 0.99 RMB per share, totaling 11.134 billion RMB, supported by an improved gross profit margin of 60.5%, attributed to lower material costs and optimized sales channels.

Tasty Money

ChinaAMC CSI Agriculture Theme ETF

Penghua CNI Grain Industry ETF

First Trust Indxx Global Agri

E Fund CSI Modern Agriculture Theme ETF

Harvest CSI Grand Agriculture ETF

Fullgoal CSI Agriculture Theme ETF

NONGFU SPRING (9633) earned 31% more last year, with gross margin increasing to 60.5%

Below is Dolphin Research's Trans of $NONGFU SPRING(09633.HK) FY2025 earnings call. For the earnings analysis, please see 'Nongfu Spring: From defense to offense, Water Moutai on a tear!': I. Core highlights recap:1. Shareholder returns: The BOD proposes a final cash DPS of RMB 0.99 for FY2025, totaling approx. RMB 11.134 bn. Payout ratio stays around 70%, with the dividend up 30.9% YoY.2. Guidance: For 2026, the company targets double-digit revenue growth. This is a revenue target. ...

Nongfu Spring (Trans): No price hikes planned; still targeting double-digit growth---

Packaged water OPM hits record high

Nongfu Spring: From defense to offense, the 'Water Maotai' powers higher!

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XIACY

06862

01810

STECH

03032

03033

The Hang Seng Index opened 216 points higher this morning, rising a maximum of 326 points, and closed at 25,072 points, up only 9 points. The turnover was HKD 151.293 billion. The Tech Index fell 23 points, reporting 4,807 points. Xiaomi dropped 3.3%, Tencent fell 1.94%, and Baidu decreased by 2.13%; Alibaba rose 0.56%. Nongfu Spring increased by 8.76%, while HAIDILAO fell by 10.38%. CK Hutchison's Panama port company's claim amount increased to over USD 2 billion, and its stock price rose by 2.29%. CNOOC fell by 3.53%. A ceasefire agreement between the United States and Iran was reported, leading to a drop in oil prices

- The Hang Seng Index opened 216 points higher but closed with a slight gain of 9 points, at 25,072 points, amidst high trading volume of 151.29 billion HKD.  
- U.S. reports indicate a potential comprehensive ceasefire agreement between the U.S. and Iran, contributing to fluctuations in oil prices and impacting various stocks in the Hong Kong market.  
- Notably, tech stocks faced mixed results, while companies like Nongfu Spring saw significant gains after positive earnings reports, despite some stocks like Haidilao experiencing declines.

Stheadline

Xiaomi Corporation

HAIDILAO

XIAOMI-W

Hang Seng TECH Index

HSTECH ETF

CSOP HS TECH

The Hang Seng Index only rose 9 points in the half-day session, Xiaomi fell 3%, Nongfu Spring rose over 8%, and HAIDILAO dropped by 10% | Hong Kong stock market opening

Nongfu Spring Shares Surge After Posting Earnings Growth in 2025

Nongfu Spring Shares Surge After Posting Earnings Growth in 2025

Nongfu Spring

Conference Minutes

Financial Analysis

These consumer sector stocks are really laid back: Nongfu Spring, Mengniu, and Anta are as stable as a rock, with gains relying solely on a snail's pace, and occasional news stimulation barely makes a ripple.I thought Weilong might bring something new to the table, but it still couldn't escape the fate of following the market's flat trend.Honestly, the atmosphere in Hong Kong stocks is quite discouraging, but I'm used to it. No matter how much the food and beverage sector fluctuates, it won't fall too far.

WL DELICIOUS

MENGNIU DAIRY

Mengniu Dairy

ANTA SPORTS

ANTA SPORTS-R

The following are the minutes of the Nongfu Spring Q2 2025 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Nongfu Spring: Green Bottle Exits, Red Bottle Takes Over, 'Water Mao' Makes a Comeback!&#34;

Nongfu Spring (Minutes): first steps finally made towards global markets

On the afternoon of August 26th, Beijing time, Nongfu Spring (9633.HK) released its H1 2025 performance report. As the public opinion impact gradually subsided in the first half of the year, Nongfu increased the promotion of its red bottle water and reduced subsidies for its green bottle water, driving the overall performance of the company to fully recover, exceeding market expectations. It is a good performance report.

Nongfu Spring: Green bottle exits, red bottle takes the stage, the 'Water Moutai' makes a comeback!

Nongfu Spring 25H1 Quick Interpretation: As the impact of public opinion gradually faded in the first half of the year, Nongfu increased the promotion of red bottled water and reduced subsidies for green bottled water, leading to a comprehensive recovery in the company's overall performance, which is a very good result. 1. Bottled Water Business: With the weakening of public opinion impact, the 25H1 bottled water business achieved revenue of 9.44 billion yuan, a year-on-year increase of 10.7%. After two consecutive financial reports of decline, the bottled water business has resumed positive growth. Additionally, with the increase in the proportion of red bottled water, the operating profit margin of the bottled water business has risen back to 35%, basically returning to the level before the impact of public opinion. 2. Tea Beverage Business: Tea beverages achieved revenue of 10.09 billion yuan, a year-on-year increase of 20%. Dolphin Research speculates that the core reason is the &#34;One Yuan Enjoyment&#34; campaign launched by the company in April for the sugar-free tea flagship product, Oriental Leaves, which effectively increased consumer repurchase rates and drove high growth in sugar-free tea. Moreover, with the release of operating leverage, the more impressive aspect is that the operating profit margin of the tea beverage business increased by 4 percentage points to 48%, setting a historical high. 3. Functional Drinks &amp; Juice Business: As a relatively weak segment for Nongfu, the functional drinks and juice business benefited from the rapid distribution of Electrolyte Water Power Emperor and the new 17.5° NFC Orange Juice, exceeding market expectations, with operating profit margins reaching new highs. 4. Significant Decline in Sales Expense Ratio: Due to the company's significant reduction in subsidies for green bottled water in the first half of the year, combined with more precise expense allocation, the sales expense ratio fell by 2.8 percentage points to 19.6%, while the management expense ratio remained stable, ultimately achieving a net profit margin of 22.1%, exceeding market expectations. $NONGFU SPRING(09633.HK)

$NONGFU SPRING(09633.HK) has been liquidated. Taking profits at this stage. Thank you, Nongfu Spring. Just keep drinking it. 😄

$NONGFU SPRING(09633.HK) feels like it's time to liquidate the position. Summer is coming to an end.

$NONGFU SPRING(09633.HK) However, such assistance from the Hangzhou municipal government was truly unexpected.

$NONGFU SPRING(09633.HK) Although I haven't spoken for a long time. But as a shareholder, I still feel gratified. Nongfu Spring is an investment experience that verifies 'slow is fast'.

MBNFSPR@EC2609A(27113.HK)

MBNFSPR@EC2609A Stock Performance Chart

Jefferies Sticks to Their Hold Rating for Nongfu Spring Co., Ltd. Class H (9633)

Jefferies Adjusts Nongfu Spring's Price Target to HK$50.50 From HK$50, Keeps at Hold

UBS raises NONGFU SPRING's target price to 41.6 yuan, increases profit forecast but maintains "Sell" rating

NONGFU SPRING (9633) earned 31% more last year, with gross margin increasing to 60.5%

Nongfu Spring (Trans): No price hikes planned; still targeting double-digit growth---