Nongfu Spring set for best day in 1-1/2 years on FY profit, dividend surge

Nongfu Spring

25/03/2026 04:52

** Shares of Nongfu Spring 9633.HK jump 11.6% to HK$47.36, on course for the biggest one-day pct rise since September 2024

** Stock hits the highest level since February 27

** Top pct gainer in benchmark Hang Seng Index .HSI, which is up 0.04%

** Chinese packaged water and beverage co said its 2025 profit attributable jumped 30.9% y/y at 15.87 bln yuan  ($2.30 bln) and revenue up 22.5% y/y at 52.55 bln yuan

** Co, with market capitalisation of HK$519.1 bln ($66.32 bln), declares a final dividend of 0.99 yuan as compared to 0.76 yuan in 2024

** Citi, with "buy" rating, says 2025 net profit beat expectations thanks to stronger-than-expected topline growth, especially in tea sales, and Nongfu remains as its 'Top Buy' in China's F&B sector

** YTD, stock down 1.5%

($1 = 6.8922 Chinese yuan renminbi)

($1 = 7.8273 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))