Zhi Tong Cai Jing·2025-11-12 03:45Core Viewpoint - Nongfu Spring (09633) shares rose nearly 4%, reaching a new high of HKD 56.25, the highest since February 2021, with a cumulative increase of 10% over the past five trading days [1] Group 1: Product Launch - On November 5, Nongfu Spring's coffee brand, Tanxi, launched two new products: sugar-free Americano and low-sugar latte, priced at 5 yuan for 400ml PET packaging [1] - The new products continue the "cost-performance" strategy of the 900ml large bottle, targeting the mass market with high quality and competitive pricing [1] Group 2: Market Outlook - Western Securities (002673) research report expresses optimism about the company's strong R&D capabilities, brand recognition, and channel cultivation, which are expected to lead long-term growth in the beverage industry [1] - Guoyuan International indicates that the company's packaged water business is recovering, and the tea beverage segment benefits from health trends, maintaining strong momentum [1] - The new product lineup is anticipated to contribute additional growth [1]