Nongfu Spring stock gains 2.55 percent as H1 profit rises

Published on 09/28/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nongfu Spring stock traded at HKD 39.38 on September 28, 2026, while H1 revenue reached RMB 29.718 billion. Orient Securities raised its target to HKD 56.83.

Nongfu Spring, CNE100004272, Illustration mit AI erstellt.

Nongfu Spring stock (ISIN CNE100004272) was trading at HKD 39.38 on HKEX on September 28, 2026 at 2:53 p.m. HKT, up 2.55 percent from the prior close of HKD 38.40. The latest earnings picture adds substance to the move, with first-half revenue and profit both posting double-digit growth.

Revenue reaches RMB 29,718 million

According to FilingReader on September 24, 2026, Nongfu Spring generated RMB 29,718 million in revenue for the six months ended June 30, 2026, up 16.0 percent from RMB 25,622 million in the same period of 2025. Profit attributable to owners rose 16.6 percent to RMB 8,887 million from RMB 7,622 million.

The margin profile also improved. Gross profit increased 17.1 percent to RMB 18,099 million, while gross margin reached 60.9 percent, 0.6 percentage points higher than in the first half of 2025, according to FilingReader.

Tea growth changes the mix

Ready-to-drink tea revenue reached RMB 13,122 million in the first half, up 30.0 percent year over year, while packaged drinking water revenue rose 2.1 percent to RMB 9,641 million. The contrast matters because tea represented 44.2 percent of revenue, compared with 32.4 percent for water, according to Futubull on September 4, 2026.

That mix gives investors a measurable earnings driver, but the same review identified intensified soft-drink competition and slower sales growth for flagship products as risks. The company also reported basic and diluted earnings per share of RMB 0.790 for the first half, versus RMB 0.677 a year earlier, according to FilingReader.

Target remains above the market price

Orient Securities raised its price target to HKD 56.83 from HKD 44.25 on September 4, 2026, while maintaining a Buy rating, as reported by Futubull. The new target lies 44.30 percent above the HKD 39.38 market price, making the forecast materially more optimistic than the current quotation.

Stock remains below yearly high

Nongfu Spring was trading at HKD 39.38 on HKEX on September 28, 2026 at 2:53 p.m. HKT, with a session high of HKD 39.46 and a session low of HKD 37.90. The stock was 30.00 percent below its 52-week high of HKD 56.25 and had a market capitalization of HKD 442.9 billion.