Nongfu Spring

9633 · HKEX · HKD

$39.20−1.61%−$0.64

Close · October 2, 2026

At a glance

Revenue growth: +22.51%; 2025 vs 2024
Net income growth: +30.89%; 2025 vs 2024
Net margin: 30.2%; 2024: 28.3%

Financial data

Amounts in millions of CNY; per-share values in CNY; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022
Total revenue	52,553	42,896	42,667	33,239
Cost of revenue	20,745	17,980	17,260	14,144
Gross profit	31,808	24,916	25,407	19,095
Selling, general and administrative	12,253	11,136	11,446	9,656
Operating income	20,307	14,692	14,591	9,963
EBIT	20,984	15,879	15,788	11,126
EBITDA	24,377	18,754	18,419	13,613
Interest expense	66.9	91.5	99.7	76.0
Pre-tax income	20,918	15,788	15,688	11,050
Income tax	5,049	3,665	3,609	2,555
Net income	15,868	12,123	12,079	8,495
Net income to common shareholders	15,862	12,123	12,079	8,495
Basic EPS	1.41	1.08	1.07	0.76
Diluted EPS	1.41	1.08	1.07	0.76
Average shares (basic)	11,246	11,246	11,244	11,244
Average shares (diluted)	11,248	11,246	11,244	11,244