国联证券指出，中国包装水市场大且增速快，近年CR2有所提升，消费场景逐渐多元化，健康用水、大包装水等需求的增长有望推动包装水市场进一步增长。短期而言，包装水行业价格竞争加剧导致龙头公司的收入增长和盈利水平受到影响。长期而言，龙头公司农夫山泉凭借渠道效率和成本领先优势，有望在中期维度通过推出绿水抢占更多包装水市场份额，推动行业集中度进一步提升。Nongfu Spring (09633) is now up more than 7%. As of press release, it has risen 6.65% to HK$35.3, with a turnover of HK$0.304 billion.
The Zhitong Finance App learned that Nongfu Spring (09633) is now up more than 7%. As of press release, it has risen 6.65% to HK$35.3, with a turnover of HK$0.304 billion.
According to the news, on November 27, Nongfu Spring's official WeChat account once again issued a statement refuting the rumor, clarifying 20 major rumors against Nongfu Spring and founder Zhong Yuyi. CITIC Construction Investment pointed out that recently, Zhong Yuyi from Nongfu Spring once again attracted public attention at a media conference. In fact, since the second half of the year, although Pinduoduo still maintained a low price strategy, Douyin e-commerce has changed from prioritizing low prices to prioritizing GMV growth. We believe that absolute low price competition will ease somewhat.
According to Guolian Securities, China's packaged water market is large and growing rapidly. CR2 has increased in recent years, consumption scenarios are gradually diversifying, and the growth in demand for healthy water and large packaged water is expected to drive further growth in the packaged water market. In the short term, increased price competition in the packaged water industry has affected the revenue growth and profit levels of leading companies. In the long run, leading company Nongfu Spring is expected to seize more market share of packaged water in the medium term through the introduction of green water and promote a further increase in industry concentration with its channel efficiency and cost leadership.
