Nongfu Spring 2026 Interim Profit Rises 16.59% to RMB8.887 Billion; No Interim Dividend
Nongfu Spring reported 2026 interim net profit attributable to shareholders of RMB8.887 billion, up 16.59% year-on-year, on revenue of RMB29.718 billion, up 15.99%. The company did not declare an interim dividend. Packaged water revenue rose 2.1% to account for 32.4% of total, while tea beverages grew 30.1% to 44.2% and functional beverages grew 15.5% to 11.3%. Gross margin was 60.9%, up 0.6 percentage points, driven by product mix and lower raw material costs.
Nongfu Spring announced interim results for the six months ended June 30, 2026. Profit attributable to shareholders rose 16.59% year-on-year to RMB8.887 billion, with earnings per share of RMB0.79. No interim dividend was declared. Revenue increased 15.99% to RMB29.718 billion. Among business segments, packaged water revenue grew 2.1%, accounting for 32.4% of total revenue; tea beverages grew 30.1%, accounting for 44.2%; and functional beverages grew 15.5%, accounting for 11.3%.
Gross margin was 60.9%, up 0.6 percentage points year-on-year. The company said the change in gross margin was mainly due to changes in product category mix, as well as lower procurement prices for fruit juice, sugar and other raw materials compared with the same period in 2025, while PET raw material procurement prices rose.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Beverages & Dairy, with intensity 50/100 and 70% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.