The Zhitong Finance App learned that Everbright Securities released a research report saying that Nongfu Spring (09633.HK) achieved operating income of 52,553 billion yuan in 2025, an increase of 22.5% over the previous year; net profit to mother was 15.868 billion yuan, an increase of 30.9% over the previous year. Looking at specific businesses, all sectors showed double-digit revenue growth, and revenue growth accelerated month-on-month in the second half of last year. Among them, packaged drinking water revenue was 9.266 billion yuan, an increase of 24.9% over the previous year. The main reason was that the company enriched the specifications of aquatic products, strengthened the advantages of natural water sources, and promoted a recovery in the packaged water market share. The bank believes that since the beginning of '26, the company has operated well, and strong brands+hard supply chain+excellent channels+refined products have protected long-term development.

The Zhitong Finance App learned that Everbright Securities released a research report saying that Nongfu Spring (09633.HK) achieved operating income of 52,553 billion yuan in 2025, an increase of 22.5% over the previous year; net profit to mother was 15.868 billion yuan, an increase of 30.9% over the previous year. Looking at specific businesses, all sectors showed double-digit revenue growth, and revenue growth accelerated month-on-month in the second half of last year. Among them, packaged drinking water revenue was 9.266 billion yuan, an increase of 24.9% over the previous year. The main reason was that the company enriched the specifications of aquatic products, strengthened the advantages of natural water sources, and promoted a recovery in the packaged water market share. The bank believes that since the beginning of '26, the company has operated well, and strong brands+hard supply chain+excellent channels+refined products have protected long-term development.