bullish

Nongfu Spring (9633 HK):  Strong Results Overshadowed By Short Term Negative Publicitiy

354 Views03 Apr 2024 10:10
​Nongfu Spring (9633 HK) reported strong 2023 results, with 2H23 net profit up 62% yoy and sales up 33% yoy. Tea beverage products were the top performer, growing 83% yoy for the year.
What is covered in the Full Insight:
  • Overview of Nongfu Spring's strong 2023 results
  • Outstanding performance of tea beverage products
  • Overview of company's category breakdown in 2023
  • Improvement in net profit margin and gross margin
  • Negative publicity incident and its impact on the share price
SUMMARY
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Steve Zhou, CFA
Equity Analyst
Consumer Discretionary & Consumer StaplesEquity Bottom-UpThematic (Sector/Industry)
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