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'Second growth curve' electrolyte water growth decelerated sharply


Nongfu Spring Co., Ltd. Class H (9633) Receives a Buy from CLSA
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Hong Kong Consumer Stocks Slide as Nongfu Spring Drops Over 7%
HSI Closes at 22,881, Down 145 pts; HSTI Closes at 4,472, Up 79 pts; NONGFU SPRING Down over 8%; ASMPT, HUA HONG GRACE Hit New Highs; Market Turnover Rises
Nongfu Spring falls 8% as rivals raise prices
HSI Down 273 pts; HSTI Up 61 pts; CCB Down over 3%; WUXI APPTEC, ASMPT, HUA HONG GRACE Hit New Highs

'Second growth curve' electrolyte water growth decelerated sharply



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. ...


Packaged water OPM hits record high
