Ge Long Hui·2026-03-24 16:27Core Viewpoint - Nongfu Spring (09633.HK) reported a total revenue of RMB 52.553 billion for the fiscal year ending December 31, 2025, representing a year-on-year increase of 22.5% [1] - The net profit attributable to shareholders was RMB 15.868 billion, up 30.9% year-on-year, with basic earnings per share of RMB 1.411, also reflecting a 30.9% increase [1] - A final dividend of RMB 0.99 per ordinary share is proposed [1] Group 1 - The drinking water business of the company saw a revenue recovery, generating RMB 18.709 billion in 2025, which is a 17.3% increase compared to 2024 [1] - Since 1996, the company has adhered to the practice of building factories at water source locations for bottling [1] - In 2025, the company added three new water sources: Hunan Badagong Mountain, Sichuan Longmen Mountain, and Tibet Nyainqentanglha Mountain, bringing the total to sixteen premium water sources nationwide [1] Group 2 - The company has opened its factories to consumers, allowing them to experience the high-quality source assurance of Nongfu Spring [1] - The company emphasizes the importance of mineral elements in water for health and believes that the growth of the drinking water business will align with the establishment of consumer health drinking concepts [1] - As the company approaches its 30th anniversary in 2026, it aims to adopt a strategy of "stability, gradualness, and long-term vision" to build trust and foster a future of mutual prosperity with society [1]