Nongfu Spring (09633) opened more than 4% higher after the results. As of press release, it rose 4.56% to HK$43.6, with a turnover of HK$21.19,800.
The Zhitong Finance App learned that Nongfu Spring (09633) opened more than 4% higher after the results. As of press release, it had risen 4.56% to HK$43.6, with a turnover of HK$21.19,800.
According to the news, Nongfu Spring announced its annual results. According to the announcement, total revenue for 2023 was RMB 42,667 billion, up 28.4% year on year; profit attributable to parent company owners was RMB 12.079 billion, up 42.2% year on year. A final dividend of RMB 0.75 per common share is recommended.
According to the announcement, tea and beverage products contributed 12.659 billion yuan in revenue in 2023, a sharp increase of 83.30% over the previous year, and the share of revenue increased to 29.7%. At the same time, the packaged drinking water business had revenue of 20.062 billion yuan, an increase of 10.95% over the previous year, and its share of revenue fell to 47.5%. The revenue gap between tea drinks and packaged drinking water has narrowed further.