NONGFU SPRING (09633.HK) announced its latest annual results on the evening of March 24. The company reported total revenue of 525.5 billion yuan for the full year 2025, representing a year-on-year increase of 22.5%. Net profit for the year reached 158.7 billion yuan, up 30.9% compared to the previous year. The board proposed a dividend distribution of 0.99 yuan per share, totaling approximately 111.34 billion yuan.
According to the report, revenue from packaged drinking water products accounted for 35.6% of total revenue in 2025, while beverage products contributed 63.9% of total revenue.
NONGFU SPRING stated that despite a slowdown in the packaged water industry's growth and intensified competition in the tea and juice segments, the company achieved significantly higher growth than the industry average through premium product portfolio optimization and deeper market penetration. The 30.9% net profit growth rate notably outpaced revenue growth, reflecting enhanced economies of scale and improved cost control capabilities.