Nongfu Spring Co (9633.HK) Stock Price

Nongfu Spring Co Price

🇨🇳HKEX·CLOSED
36.92CNY
Market closed
Today +/-
Today %

Nongfu Spring Co (9633.HK) Stock | ISIN CNE100004272 | WKN A2QB2T. The current Nongfu Spring Co stock price is 36.92 CNY (2026). Revenue is 58.49 B CNY. Net income is 17.48 B CNY. The P/E ratio is 23.75. Market capitalization is 415.16 B CNY. Nongfu Spring Co operates in the Non-cyclical consumption sector.

Nongfu Spring Co stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Nongfu Spring Co over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Nongfu Spring Co stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Nongfu Spring Co's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Nongfu Spring Co Stock Price History
DateNongfu Spring Co Price
Access this data via the Eulerpool API

Nongfu Spring Co Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2017
17.49 B CNY
4.31 B CNY
3.38 B CNY
Jan 1, 2018
20.48 B CNY
4.59 B CNY
3.61 B CNY
Jan 1, 2019
24.02 B CNY
6.23 B CNY
4.95 B CNY
Jan 1, 2020
22.88 B CNY
7.15 B CNY
5.28 B CNY
Jan 1, 2021
29.7 B CNY
9.19 B CNY
7.16 B CNY
Jan 1, 2022
33.24 B CNY
10.06 B CNY
8.5 B CNY
Jan 1, 2023
42.67 B CNY
14.74 B CNY
12.08 B CNY
Jan 1, 2024
42.9 B CNY
14.82 B CNY
12.12 B CNY
Invalid Date
51.44 B CNY
18.85 B CNY
15.26 B CNY
Invalid Date
58.49 B CNY
21.06 B CNY
17.48 B CNY
Invalid Date
65.49 B CNY
23.58 B CNY
19.69 B CNY
Invalid Date
77.02 B CNY
24.95 B CNY
20.69 B CNY
Invalid Date
86.28 B CNY
28.39 B CNY
22.74 B CNY

Nongfu Spring Co Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 11, 2026, 2:02 AM
 
REVENUE (M CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M CNY)
NET INCOME (M CNY)
NET INCOME GROWTH (%)
DIV. (CNY)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Nongfu Spring Co generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Nongfu Spring Co retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Nongfu Spring Co's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Nongfu Spring Co has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Nongfu Spring Co's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Nongfu Spring Co stock margins

The Nongfu Spring Co margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Nongfu Spring Co. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Nongfu Spring Co.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
56.08 %
24.66 %
19.33 %
Jan 1, 2018
53.34 %
22.43 %
17.61 %
Jan 1, 2019
55.41 %
25.94 %
20.6 %
Jan 1, 2020
59.05 %
31.27 %
23.07 %
Jan 1, 2021
59.46 %
30.95 %
24.12 %
Jan 1, 2022
57.45 %
30.28 %
25.56 %
Jan 1, 2023
59.55 %
34.54 %
28.31 %
Jan 1, 2024
58.08 %
34.54 %
28.26 %
Invalid Date
58.08 %
36.65 %
29.67 %
Invalid Date
58.08 %
36 %
29.88 %
Invalid Date
58.08 %
36.01 %
30.06 %

Nongfu Spring Co Stock Revenue, EBIT, Earnings per Share

The Nongfu Spring Co earnings per share therefore indicates how much revenue Nongfu Spring Co has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
2.82 CNY
0.69 CNY
0.54 CNY
Jan 1, 2018
3.3 CNY
0.74 CNY
0.58 CNY
Jan 1, 2019
3.87 CNY
1 CNY
0.8 CNY
Jan 1, 2020
2.08 CNY
0.65 CNY
0.48 CNY
Jan 1, 2021
2.64 CNY
0.82 CNY
0.64 CNY
Jan 1, 2022
2.96 CNY
0.9 CNY
0.76 CNY
Jan 1, 2023
3.79 CNY
1.31 CNY
1.07 CNY
Jan 1, 2024
3.81 CNY
1.32 CNY
1.08 CNY
Invalid Date
4.57 CNY
1.68 CNY
1.36 CNY
Invalid Date
5.2 CNY
1.87 CNY
1.55 CNY
Invalid Date
5.82 CNY
2.1 CNY
1.75 CNY

Nongfu Spring Co business model & stock analysis

Nongfu Spring Co Ltd is a Chinese company specializing in the production and distribution of drinking water, fruit juices, and tea. It was founded by Zhong Shanshan in Hangzhou, China in 1996. Nongfu Spring is one of the largest beverage companies in China, known for its high quality standards and innovation in the industry. The company employs over 20,000 workers and operates more than 20 production facilities throughout China. Its business model focuses on quality, innovation, and customer satisfaction. Nongfu Spring has a strong presence in social media and utilizes digital marketing strategies to reach customers. It is also involved in the real estate sector, owning and operating several hotels and resorts in China. Overall, Nongfu Spring has become one of the leading beverage manufacturers in China, recognized for its high product quality and customer satisfaction.

Nongfu Spring Co SWOT Analysis

Strengths

Nongfu Spring Co Ltd has a strong brand reputation in the beverage industry, particularly in the bottled water segment.

The company has a wide distribution network, allowing it to reach a large consumer base both domestically and internationally.

Nongfu Spring Co Ltd has a diversified product portfolio, including various types of bottled water, flavored beverages, and functional drinks, catering to different consumer preferences.

Weaknesses

The company heavily relies on the Chinese market for its revenue, making it vulnerable to changes in government regulations and market conditions.

Nongfu Spring Co Ltd faces strong competition from both local and international beverage companies.

There might be potential quality control challenges arising from the sourcing of water and raw materials.

Opportunities

The growing trend towards healthier lifestyles and increased consciousness about drinking water quality provide opportunities for Nongfu Spring Co Ltd to expand its market share.

The company can explore potential international markets and expand its global presence.

There is an opportunity to innovate and develop new product offerings to meet evolving consumer demands and preferences.

Threats

Intense competition among beverage companies can pose a threat to Nongfu Spring Co Ltd's market position and profitability.

Fluctuating raw material prices, such as packaging materials and water sources, can impact the company's production costs and margins.

Potential negative publicity or consumer backlash concerning environmental impact and sustainability practices could damage the company's reputation.

Nongfu Spring Co Eulerpool Fair Value

Nongfu Spring Co historical P/E ratio, EBIT multiple, and P/S ratio

Nongfu Spring Co annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Nongfu Spring Co shares outstanding

The number of shares was Nongfu Spring Co in 2025 — This indicates how many shares 11.246 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
6.21 B base_Shares
Jan 1, 2018
6.21 B base_Shares
Jan 1, 2019
6.21 B base_Shares
Jan 1, 2020
10.99 B base_Shares
Jan 1, 2021
11.25 B base_Shares
Jan 1, 2022
11.24 B base_Shares
Jan 1, 2023
11.24 B base_Shares
Jan 1, 2024
11.25 B base_Shares
Invalid Date
11.25 B base_Shares
Invalid Date
11.25 B base_Shares
Invalid Date
11.25 B base_Shares

Nongfu Spring Co Dividend History

5 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.82CNY 0.0%
May 22, 20250.82CNY 0.0%1/1
20240.82CNY 6.5%
20230.77CNY 45.4%
20220.53CNY 159.2%
20210.2CNY

Nongfu Spring Co dividend history and estimates

In 2025, Nongfu Spring Co paid a dividend amounting to 0.82 CNY. Dividend means that Nongfu Spring Co distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.2 CNY
0 CNY
Jan 1, 2022
0.53 CNY
0 CNY
Jan 1, 2023
0.77 CNY
0 CNY
Jan 1, 2024
0.82 CNY
0 CNY
Jan 1, 2025
0.82 CNY
0 CNY
Invalid Date
0 CNY
0.83 CNY
Invalid Date
0 CNY
0.94 CNY

Nongfu Spring Co dividend payout ratio

In 2025, Nongfu Spring Co had a payout ratio of 57.43%. The payout ratio indicates the percentage of the company's profits that Nongfu Spring Co distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2017
51.1 %
Jan 1, 2018
51.1 %
Jan 1, 2019
51.1 %
Jan 1, 2020
51.1 %
Jan 1, 2021
32.09 %
Jan 1, 2022
70.1 %
Jan 1, 2023
51.1 %
Jan 1, 2024
51.1 %
Invalid Date
57.43 %
Invalid Date
53.21 %
Invalid Date
53.91 %
Price targets and forecasts for Nongfu Spring Co are not yet available.

Nongfu Spring Co Earnings Estimates

Nongfu Spring Co Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
3/26/20240.42CNY19.45 BCNY2023 Q4
8/24/20220.34CNY16.52 BCNY2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Nongfu Spring Co stock

84/100
99
Environment
88
Social
65
Governance
E

Environment

20
Scope 1 - Direct Emissions205,999
Scope 2 - Indirect emissions from purchased energy753,520
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions959,519
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees29.623
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Nongfu Spring Co shareholder structure

% Name
17.15526%
Zhong (Shanshan)
Zhong (Shanshan)
11.65102%
Yangshengtang Co., Ltd.
Yangshengtang Co., Ltd.
0.5363%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.45099%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.29104%
Hang Seng Investment Management Ltd.
Hang Seng Investment Management Ltd.
0.1749%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
0.14128%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.13764%
Schroder Investment Management Ltd. (SIM)
Schroder Investment Management Ltd. (SIM)
0.12617%
GF Fund Management Co., Ltd.
GF Fund Management Co., Ltd.
0.10925%
Harvest Fund Management Co., Ltd.
Harvest Fund Management Co., Ltd.
...

Nongfu Spring Co Executives and Management Board

XX

Mr. Xiansong Xiang

(42)

Executive Director, General Manager - Sales and Marketing Center · since 2023

Compensation4.65 M CNY
ZS

Mr. Zhong Shanshan

(69)

Executive Chairman of the Board, Founder, General Manager · since 2001

Compensation3.5 M CNY
LW

Ms. Limin Wu

(51)

Chief Financial Officer, Executive Director · since 2023

Compensation2.4 M CNY
HL

Ms. Han Linyou

(43)

Executive Director, Company Secretary · since 2020

Compensation1.08 M CNY
ZZ

Mr. Zhong Shu Zi

(36)

Non-Executive Director

Compensation300,000 CNY

Frequently asked questions about Nongfu Spring Co

The business model of Nongfu Spring Co Ltd is centered around the production and distribution of bottled water and other beverages in China. As one of the leading bottled water brands in the country, Nongfu Spring focuses on sourcing and purifying natural spring water, ensuring high-quality products for its consumers. The company also diversifies its product portfolio by offering various types of bottled water, flavored drinks, and functional beverages. Nongfu Spring's extensive distribution network enables nationwide reach, catering to both retail and wholesale channels. By consistently delivering reliable and healthy products, Nongfu Spring has successfully built a strong brand presence in the Chinese beverage market.

All fundamentals and in-depth analysis of Nongfu Spring Co

Our stock analysis for Nongfu Spring Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Nongfu Spring Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.