Nongfu Spring Co., Ltd. (HKG:9633)

Nongfu Spring Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	56,649	52,553	42,896	42,667	33,239	29,696
Revenue Growth	7.79%	22.51%	0.54%	28.36%	11.93%	29.81%
Gross Profit Gross Profit Growth	34,450	31,808	24,916	25,407	19,095	17,656
Operating Income Operating Income Growth	21,308	19,556	13,780	13,960	9,440	8,672
Net Income Net Income Growth	17,127	15,862	12,123	12,078	8,493	7,162
Earnings Per Share EPS Growth	1.52	1.41	1.08	1.07	0.76	0.64
EPS Growth	8.01%	30.84%	0.36%	42.20%	18.63%	31.97%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Water Products Water Products Growth	18,907	18,709	15,952	20,262	18,263	17,058
Ready-to-Drink Tea Products Ready-to-Drink Tea Products Growth	24,630	21,596	16,745	12,659	6,906	4,579
Functional Drinks Products Functional Drinks Products Growth	6,213	5,762	4,932	4,902	3,838	3,695
Juice Beverage Products Juice Beverage Products Growth	5,535	5,176	4,085	3,534	2,879	2,614
Other Products Other Products Growth	1,364	1,309	1,182	1,311	1,354	1,750

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	32,191	18,814	12,368	24,231	15,293	15,095
Total Debt Total Debt Growth	5,273	4,493	3,747	3,210	2,525	2,590
Net Cash (Debt) Net Cash Growth	26,918	14,321	8,621	21,022	12,768	12,504
Net Cash Growth	87.96%	66.12%	-58.99%	64.64%	2.11%	85.77%
Net Cash Per Share Net Cash Per Share Growth	2.39	1.27	0.77	1.87	1.14	1.11

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	21,448	21,142	11,022	17,305	12,042	11,400
Capital Expenditures CapEx Growth	-7,008	-6,481	-6,406	-4,714	-4,193	-2,462
Free Cash Flow Free Cash Flow Growth	14,440	14,660	4,616	12,591	7,848	8,938
Free Cash Flow Growth	-1.50%	217.59%	-63.34%	60.43%	-12.19%	44.32%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	60.81%	60.53%	58.08%	59.55%	57.45%	59.46%
Operating Margin	37.61%	37.21%	32.12%	32.72%	28.40%	29.20%
Pretax Margin	39.93%	39.80%	36.80%	36.77%	33.24%	31.50%
Profit Margin	30.23%	30.18%	28.26%	28.31%	25.55%	24.12%
FCF Margin	25.49%	27.90%	10.76%	29.51%	23.61%	30.10%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.155	0.990	0.760	0.750	0.680	0.450
Dividend Per Share Growth	37.80%	30.26%	1.33%	10.29%	51.11%	164.71%
Dividend Yield	2.57%	2.35%	2.38%	1.83%	1.74%	1.07%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	25.52	29.84	29.60	38.16	51.65	65.82
Forward PE	22.45	29.06	26.08	39.74	48.46	61.55
P/FCF Ratio	30.22	32.29	77.73	36.61	55.90	52.74
PS Ratio	7.70	9.01	8.36	10.80	13.20	15.87

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Sep 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Semi-annually

Last checked:

Nov 1, 2026

Data Sources Report a data error