Nongfu Spring sees 18 percent sales growth: CNY 49.54 target for Nongfu Spring stock

Published on 10/14/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales rose 18.00 percent, while sugar-free tea grew 27.00 percent. Nongfu Spring stock costs EUR 4.71 on October 14, 2026.

Growth shifts toward new beverages

Third-quarter sales rose 18.00 percent on October 13, 2026, while sugar-free tea grew 27.00 percent.
Revenue reached RMB 29.718 billion in the first half of 2026, up 16.00 percent year over year.
Nongfu Spring stock traded at EUR 4.71 at 10:44 a.m. CEST at Lang & Schwarz on October 14, 2026.
The median analyst target was CNY 49.54 across 33 ratings in September 2026.

Nongfu Spring, CNE100004272, Illustration mit AI erstellt.

Nongfu Spring (CNE100004272) saw third-quarter sales rise 18.00 percent on October 13, 2026, while sugar-free tea grew 27.00 percent, according to Futunn. A September 2026 analyst overview placed the median target at CNY 49.54, a figure reported by Eulerpool.

Tea leads the beverage mix

The growth split matters because the strongest reported momentum came from newer beverage categories rather than packaged water. Futunn said sugar-free tea sales increased 27.00 percent in the third quarter, while electrolyte water reached 36.00 percent market penetration and had a 50.00 percent target for next year.

The first-half results provide a broader earnings base. Nongfu Spring generated RMB 29.718 billion of revenue in the six months ended June 30, 2026, up 16.00 percent from RMB 25.622 billion, according to FilingReader. Profit attributable to owners rose 16.60 percent to RMB 8.887 billion, while gross margin reached 60.90 percent.

What drives the beverage growth?

Tea beverages accounted for 44.20 percent of first-half revenue, compared with 32.40 percent for packaged drinking water. That mix gives the company a clearer growth engine, but the interim board decision not to declare a dividend keeps the focus on operating expansion rather than near-term payout.

Historically, the company paid a final dividend of RMB 0.99 per share for fiscal year 2025, totaling RMB 11.134 billion, with payment made on August 19, 2026, as summarized by Quartr. The contrast between that payout and the absent interim dividend makes revenue growth and product mix the central operating indicators.

Stock price and market setting

Nongfu Spring was trading at EUR 4.71 at Lang & Schwarz on October 14, 2026, at 10:44 a.m. CEST. The company is listed on HKEX under ticker 9633.HK, where the finance quote showed HKD 41.38 and a market capitalization of HKD 465.4 billion at 8:08 a.m. UTC on October 14, 2026.

The company operates in non-alcoholic beverages and sells packaged water, tea, functional drinks and juice products. The combination of 16.00 percent first-half revenue growth and 18.00 percent third-quarter sales growth gives the stock a clear operating reference point while the beverage mix continues shifting toward tea and functional hydration.

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