[Brokerage Focus] Guosheng Securities first initiates a 'buy' rating on Nongfu Spring (09633), indicating that the company has built a strong barrier through brand power.

King's Wealth Financial News | Guosheng Securities released research reports, nongfu spring (09633) achieved revenue of 42.667 billion yuan in 2023, a year-on-year increase of +28.36%; achieved attributable net profit of 12.079 billion yuan, a year-on-year increase of +42.19%. Among them, the packaged water business/three major beverage businesses account for revenue proportions of 47%/49%, with year-on-year increases of +11%/+55% respectively. The beverage revenue scale has exceeded packaged water for the first time, achieving high growth driven by dual engines. The bank continues to point out that the company has built brand barriers through long-term promotion, consumers trust highly, and its leading position is solid. Regarding packaged water, although influenced by public opinion.

Jingu Finance NewsOct 28 03:48 ET

China Merchants: Baijiu sales continue to decline year-on-year after the double festival, with relatively benign food inventory.

baijiu sales volume still declined year-on-year after the Double Festival, with a slight drop in high-end liquor prices; in terms of food, attention is on the upcoming winter and Spring Festival, with changes in dining supply chain demand compared to the previous period.

Zhitong FinanceOct 28 03:23 ET

Are Robust Financials Driving The Recent Rally In Nongfu Spring Co., Ltd.'s (HKG:9633) Stock?

Simply Wall StOct 20 20:13 ET

New Stock Analysis | China Resources Beverage: Revenue of 13.5 billion yuan from bottled water market leader, can't tear off the 'C'estbon' label.

Other than 'Yibao', what is the basis for growth?

Zhitong FinanceOct 2 20:01 ET

There's Reason For Concern Over Nongfu Spring Co., Ltd.'s (HKG:9633) Massive 31% Price Jump

Simply Wall StOct 2 18:18 ET

Nongfu Spring's (HKG:9633) Promising Earnings May Rest On Soft Foundations

Simply Wall StSep 27 19:04 ET