Nongfu Spring stock fell 1.55 percent as H1 revenue rose 16.0 percent

Published on 10/06/2026 at 15:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nongfu Spring stock traded at HKD 39.36 on October 6, while H1 revenue reached RMB 29.718 billion. H1 profit attributable to owners was RMB 8.887 billion, up 16.6 percent year over year.

Nongfu Spring, CNE100004272, Illustration mit AI erstellt.

Nongfu Spring (ISIN CNE100004272) was last at HKD 39.36 on HKEX on October 6, 2026 at 4:08 p.m. HKT, down 1.55 percent from the prior close. The latest reported figures showed revenue growth and a wider gross margin, giving the beverage group a stronger earnings base despite the session decline.

H1 revenue reaches RMB 29.718 billion

For the six months ended June 30, 2026, Nongfu Spring reported revenue of RMB 29.718 billion, up 16.0 percent from RMB 25.622 billion in the comparable period. FilingReader reported the figures on September 24, 2026, based on the interim report and company disclosures.

The mix was led by beverage products, whose revenue increased 24.1 percent to account for 67.1 percent of group revenue. Tea beverage revenue reached RMB 13.122 billion, while functional drinks generated RMB 3.348 billion, according to Quartr.

Profit growth keeps pace with sales

Profit attributable to owners rose 16.6 percent year over year to RMB 8.887 billion, compared with RMB 7.622 billion in the first half of 2025. Basic and diluted earnings per share reached RMB 0.790, versus RMB 0.677 a year earlier, while gross profit increased 17.1 percent to RMB 18.099 billion.

The gross profit margin reached 60.9 percent, 0.6 percentage points above the prior-year period. Packaged drinking water remained the largest single product category at 32.4 percent of revenue, but its revenue grew 2.1 percent, well below the 24.1 percent increase for beverage products.

Analyst target stays above HKD 56

Orient Securities maintained a Buy rating on Nongfu Spring and set a HKD 56.83 price target, according to The Globe and Mail. The target sits above the October 6 HKEX price, while the companys interim figures show that tea and functional drinks are growing faster than its established water business.

At HKD 39.36, the stock stood HKD 1.46 above its 52-week low of HKD 37.90 and HKD 16.89 below its 52-week high of HKD 56.25. The market capitalization was HKD 442.6 billion, with volume of 3,025,514 shares on October 6, 2026.