On August 27th, Gelonghui reported that Nongfu Spring (09633.HK) announced that in the mid-year of 2024, the total revenue of the company was RMB 2,217.3 million, a year-on-year increase of 8.4%; the attributable profit to the owner of the parent company was approximately RMB 624 million, a year-on-year increase of 8.0%; the basic earnings per share were RMB 0.55, a year-on-year increase of 8.0%.
In January and February of 2024, the sales of packaged drinking water products by the group were good, with a 19.0% increase in sales revenue compared to the same period last year. However, starting from the end of February 2024, there has been a large amount of public opinion attacks and malicious defamation of the company and its founder on the internet, which has had a serious negative impact on the company's brand and sales. In the first half of 2024, the group recorded a revenue of RMB 853.1 million from packaged drinking water products, a decrease of 18.3% compared to the same period last year, accounting for 38.5% of the total revenue. Since March 2024, the company has been clarifying the truth to the public through various channels.
In the first half of this year, the group's tea beverage products continued to maintain high-speed growth, with a recorded revenue of RMB 843 million, an increase of 59.5% compared to the same period last year, accounting for 38.0% of the total revenue.
The company's fruit juice beverage products have rejuvenated with new vitality through product upgrades. The reported revenue for the period was RMB 211.4 million, an increase of 25.4% compared to the same period last year, accounting for 9.5% of the total revenue.
In the future, the company will continue to strengthen brand building, continuously increase publicity for water sources, and enhance and innovate beverage products. It will further develop and consolidate the dual engine pattern of water and beverage, continuously strengthen the brand foundation and competitive advantage of Nongfu Spring, always adhere to the concept of "natural, healthy" products, constantly pursue excellence and innovation, and provide consumers with higher quality products and services. As for the enterprises and individuals who spread rumors and defame Nongfu Spring, the company will resolutely hold them legally accountable, uphold justice, and never back down.