Forward to my space

Aug 26, 2026 at 08:05 AM

Forward to my space

Nongfu Spring: Bottled Water Slows, RTD Tea Sprints

Tea beverages continued to surge, with margins hitting new highs. Packaged water was largely flat and saw profitability slip. Overall, a solid headline, but the mix was weak.

Nongfu Spring 1H26 Financial Results Overview Unit： CNY 100mn，RMB 1H21 2H21 1H22

Nongfu Spring Revenue & Profit Trend Unit：% Totalrevenue Net profit Revenue YoY

Packaged Drinking Water Revenue Trend Unit：% Unit： CNY 100mn DolphinResearch Res

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