Nongfu Spring

9633 · HKEX · HKD

$39.54−0.75%−$0.30

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	2021	2020	2019	2018	2017
Total revenue	52,553	42,896	42,667	33,239	29,696	22,877	24,021	20,475	17,491
Cost of revenue	20,745	17,980	17,260	14,144	12,040	9,369	10,710	9,554	7,682
Gross profit	31,808	24,916	25,407	19,095	17,656	13,508	13,311	10,921	9,809
Selling, general and administrative	12,253	11,136	11,446	9,656	8,984	6,835	7,199	6,283	5,749
Operating income	19,556	13,780	13,960	9,440	8,672	6,673	6,112	4,638	4,060
EBIT	19,556	13,780	13,960	9,440	8,672	6,673	6,112	4,638	4,060
EBITDA	22,771	16,509	16,484	11,799	10,960	8,546	7,777	5,966	5,165
Interest expense	66.9	91.5	99.7	76.0	52.9	79.0	15.5	4.1	8.4
Pre-tax income	20,918	15,788	15,688	11,050	9,354	6,986	6,499	4,763	4,435
Income tax	5,049	3,665	3,609	2,555	2,193	1,709	1,545	1,152	1,049
Net income	15,868	12,123	12,079	8,495	7,162	5,277	4,949	3,606	3,380
Net income to common shareholders	15,862	12,123	12,078	8,493	7,162	5,277	4,949	3,606	3,380
Basic EPS	1.41	1.08	1.07	0.76	0.64	0.48	0.46	0.33	0.31
Diluted EPS	1.41	1.08	1.07	0.76	0.64	0.48	0.46	0.33	0.31
Average shares (basic)	11,246	11,246	11,244	11,244	11,246	10,937	10,800	10,800	10,800
Average shares (diluted)	11,248	11,247	11,246	11,245	11,246	10,937	10,800	10,800	10,800
Dividend per share	0.99	0.76	0.75	0.68	0.45	0.17	0.50	26.66	1.02