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Nongfu Spring Co., Ltd. Class H (HK:9633)
:9633
Hong Kong Market

Nongfu Spring Co., Ltd. Class H (9633) AI Stock Analysis

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HK

Nongfu Spring Co., Ltd. Class H

(9633)

Rating:74Outperform
Price Target:―
Nongfu Spring Co., Ltd. has a strong financial foundation, with notable revenue and profit growth, although rising debt levels warrant monitoring. Technical indicators show positive momentum, while the valuation is somewhat high, balanced by a decent dividend yield. The absence of recent earnings call data or corporate events means these factors did not influence the score.

Nongfu Spring Co., Ltd. Class H (9633) vs. iShares MSCI Hong Kong ETF (EWH)

Nongfu Spring Co., Ltd. Class H Business Overview & Revenue Model

Company DescriptionNongfu Spring Co., Ltd. Class H (9633) is a leading bottled water and beverage company based in China. Established in 1996, the company has become one of the most recognizable brands in the Chinese beverage industry. Nongfu Spring primarily operates in the production and distribution of packaged drinking water, but it also offers a variety of other beverage products, including tea drinks, functional drinks, and juice drinks. The company is well-known for its emphasis on natural water sources and its commitment to quality and sustainability.
How the Company Makes MoneyNongfu Spring makes money primarily through the sale of bottled water and other beverage products. The company's revenue model is centered around its extensive distribution network that spans across China, ensuring its products are available in a wide range of retail outlets, including supermarkets, convenience stores, and online platforms. Key revenue streams include the sale of its flagship bottled water products, which are sourced from natural springs, as well as its expanding portfolio of tea, juice, and functional drinks. Nongfu Spring's market success is bolstered by its strong brand recognition and consumer trust in the quality of its products. Significant partnerships with retailers and e-commerce platforms also contribute to its earnings by enhancing distribution efficiency and market reach.

Nongfu Spring Co., Ltd. Class H Financial Statement Overview

Summary
Nongfu Spring Co., Ltd. is financially sound with strong revenue growth and profitability metrics. The balance sheet reflects stability, but increasing debt levels require attention. Cash flows are generally positive, though some data is missing for 2024. Overall, the company is well-positioned in the non-alcoholic beverage industry.
Income Statement
85
Very Positive
Nongfu Spring Co., Ltd. demonstrates strong financial performance with consistent revenue growth from 2019 to 2024. The gross profit margin is robust, indicating effective cost management. Although the net profit margin slightly decreased in 2024 compared to 2023, it remains healthy. The EBIT and EBITDA margins are solid, reflecting efficient operations and strong earnings before interest and taxes.
Balance Sheet
78
Positive
The balance sheet is strong with a healthy debt-to-equity ratio and a solid equity ratio, indicating financial stability. The return on equity (ROE) is impressive, reflecting the company's efficient use of shareholders' equity. However, the total debt has increased over the years, which could pose a risk if not managed properly.
Cash Flow
70
Positive
Cash flow from operations has been robust, though the operating cash flow to net income ratio for 2024 is unavailable. Free cash flow has shown growth in previous years, but specific growth rates for 2024 are not calculable due to missing current period data. The company maintains a positive free cash flow to net income ratio, which indicates good cash generation relative to net income.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
42.90B42.67B33.24B29.70B22.88B
Gross Profit
24.92B25.41B19.10B17.66B13.51B
EBIT
14.69B14.59B9.44B8.67B6.67B
EBITDA
16.30B18.42B11.80B10.96B8.55B
Net Income Common Stockholders
12.12B12.08B8.50B7.16B5.28B
Balance SheetCash, Cash Equivalents and Short-Term Investments
12.25B24.23B15.21B14.99B9.12B
Total Assets
53.16B49.14B39.25B32.90B25.86B
Total Debt
3.75B3.21B2.52B2.59B2.47B
Net Debt
-6.98B-20.92B-12.69B-12.19B-6.65B
Total Liabilities
20.87B20.57B15.17B12.15B10.37B
Stockholders Equity
32.29B28.57B24.08B20.74B15.49B
Cash FlowFree Cash Flow
0.0012.44B7.69B8.91B6.15B
Operating Cash Flow
0.0017.30B12.04B11.40B8.43B
Investing Cash Flow
0.00-14.28B-9.43B-5.32B-4.66B
Financing Cash Flow
0.00-7.02B-5.37B-1.89B1.72B

Nongfu Spring Co., Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price39.00
Price Trends
50DMA
36.14
Positive
100DMA
35.43
Positive
200DMA
32.86
Positive
Market Momentum
MACD
0.72
Negative
RSI
59.98
Neutral
STOCH
64.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9633, the sentiment is Positive. The current price of 39 is above the 20-day moving average (MA) of 38.02, above the 50-day MA of 36.14, and above the 200-day MA of 32.86, indicating a bullish trend. The MACD of 0.72 indicates Negative momentum. The RSI at 59.98 is Neutral, neither overbought nor oversold. The STOCH value of 64.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9633.

Nongfu Spring Co., Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$438.61B33.3239.94%2.10%-1.32%-1.49%
73
Outperform
$1.63T7.39
7.29%-7.86%-0.39%
70
Neutral
$180.41B6.519.66%6.59%9.97%-19.80%
69
Neutral
$71.58B17.6726.55%2.36%-1.69%17.32%
66
Neutral
$8.65B21.96-0.91%3.84%-8.10%-108.48%
65
Neutral
$8.94B14.984.76%203.76%3.54%-2.49%
58
Neutral
$69.80B617.990.21%2.98%-11.90%-97.93%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9633
Nongfu Spring Co., Ltd. Class H
38.95
-1.96
-4.79%
HK:2319
China Mengniu Dairy Co
18.18
4.09
29.06%
HK:1109
China Resources Land
26.20
-1.04
-3.83%
HK:0322
Tingyi (Cayman Islands) Holding
12.86
3.54
37.91%
HK:1112
Health and Happiness (H&H) International Holdings
12.68
2.71
27.17%
HK:0857
PetroChina Company
6.82
-0.42
-5.80%

Nongfu Spring Co., Ltd. Class H Corporate Events

Nongfu Spring Co., Ltd. Announces Successful AGM and Key Appointments
May 20, 2025

Nongfu Spring Co., Ltd. announced the successful conclusion of its 2024 annual general meeting, where all proposed resolutions were approved by shareholders. Key outcomes include the approval of new board and supervisory committee members, as well as the acceptance of financial and operational reports for the year ended December 31, 2024. These developments are expected to strengthen the company’s governance and operational transparency, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (HK:9633) stock is a Sell with a HK$24.24 price target. To see the full list of analyst forecasts on Nongfu Spring Co., Ltd. Class H stock, see the HK:9633 Stock Forecast page.

Nongfu Spring Updates Final Dividend Details for 2024
May 20, 2025

Nongfu Spring Co., Ltd. has announced an update to its final dividend for the year ended December 31, 2024, with a declared dividend of RMB 0.76 per share, payable in Hong Kong dollars at HKD 0.82 per share. The announcement includes details on the exchange rate and withholding tax applicable to different types of shareholders, highlighting the company’s commitment to transparency and shareholder value.

The most recent analyst rating on (HK:9633) stock is a Sell with a HK$24.24 price target. To see the full list of analyst forecasts on Nongfu Spring Co., Ltd. Class H stock, see the HK:9633 Stock Forecast page.

Nongfu Spring Co., Ltd. Announces AGM and Strategic Resolutions
Apr 25, 2025

Nongfu Spring Co., Ltd. has announced its annual general meeting scheduled for May 20, 2025, to discuss various resolutions including the approval of board members, financial statements, and dividend payments. The meeting will also consider granting the board a mandate to issue new shares, reflecting the company’s strategic efforts to enhance its capital structure and operational capabilities.

Nongfu Spring Nominates New Independent Director
Apr 15, 2025

Nongfu Spring Co., Ltd. has announced the nomination of Mr. Gu Zhaoyang as an independent non-executive director, following the resignation of Mr. Stanley Yi Chang. Mr. Gu brings extensive experience in accountancy and corporate governance, having held various academic and directorial roles in prominent institutions and companies. His appointment is expected to strengthen the company’s board with his expertise and is subject to shareholder approval at the upcoming Annual General Meeting.

Nongfu Spring Reports Stable Financial Performance for 2024
Mar 25, 2025

Nongfu Spring Co., Ltd. reported its annual results for the year ended December 31, 2024, showing a slight increase in both revenue and profit compared to the previous year. The company achieved a total revenue of RMB42,896 million and a profit attributable to the owners of RMB12,123 million, marking year-on-year increases of 0.5% and 0.4%, respectively. The board recommended a final dividend of RMB0.76 per share, amounting to a total dividend of approximately RMB8,547 million. These results indicate stable financial performance, reflecting the company’s steady position in the market despite challenging conditions.

Nongfu Spring Announces Final Dividend for 2024
Mar 25, 2025

Nongfu Spring Co., Ltd. has announced a final cash dividend of RMB 0.76 per share for the financial year ending December 31, 2024. This announcement, made on March 25, 2025, highlights the company’s commitment to returning value to its shareholders. The dividend is set to be approved on May 20, 2025, with the payment date scheduled for August 27, 2025. This move could enhance Nongfu Spring’s attractiveness to investors, potentially strengthening its position in the market.

Nongfu Spring Announces Changes in Supervisory Committee
Mar 25, 2025

Nongfu Spring Co., Ltd. announced the resignation of two supervisors, Ms. Yu Minyu and Mr. Liu Xiyue, due to changes in their work. Their resignations will be effective from the date of the 2024 annual general meeting, where new supervisors will be elected. The company has proposed Ms. Wang Yuan and Ms. Fan Jinghan as candidates to fill these vacancies, subject to shareholder approval. This transition is expected to ensure continuity in the supervisory committee’s functions and maintain the company’s governance standards.

Nongfu Spring Updates Board of Directors and Committee Roles
Mar 18, 2025

Nongfu Spring Co., Ltd. has announced the composition of its board of directors and the roles within its board committees. The announcement outlines the leadership structure, which includes executive, non-executive, and independent non-executive directors, as well as the members of the audit, remuneration, and nomination committees. This organizational update is significant for stakeholders as it reflects the company’s governance and strategic oversight, potentially impacting its operational effectiveness and market positioning.

Nongfu Spring Faces Board Restructuring After Director Resignation
Mar 17, 2025

Nongfu Spring Co., Ltd. announced the resignation of Mr. Stanley Yi Chang from his roles as an independent non-executive director, chairman of the audit committee, and member of the nomination committee due to personal health reasons, effective March 17, 2025. This resignation results in non-compliance with several Hong Kong Stock Exchange listing rules, as the board now lacks the required number of independent non-executive directors. The company is committed to appointing qualified candidates to fill these vacancies within three months to regain compliance.

Nongfu Spring Schedules Board Meeting to Review Annual Results
Mar 13, 2025

Nongfu Spring Co., Ltd. has announced that its board of directors will hold a meeting on March 25, 2025, to consider and approve the annual results for the year ending December 31, 2024, and discuss the potential recommendation of a final dividend. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and potential shareholder returns.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.