bullish

Nongfu Spring (9633 HK) – 1H rev/np +23%/25%; a neat beat on tea beverage

308 Views31 Aug 2023 09:30
Broker
1H revenue and net profits grew faster than we expected at 23%/25% (vs CMBIe: mid-teen growth) to RMB20.5bn/5.8bn. The strength came in along with a higher gross margins at 60.2%.
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  • Nongfu Spring (9633 HK) – 1H rev/np +23%/25%; a neat beat on tea beverage
    31 Aug 2023
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