Chinese bottled water maker Nongfu Spring posts a 30.9pc rise in profit last year

Chinese bottled water maker Nongfu Spring (9633) posted a 30.9 percent rise in net profit to 15.9 billion yuan (HK$18.1 billion) and proposed a final dividend of 99 fen, up from 76 fen a year ago. 

Total revenue during the period grew by 22.5 percent to 52.6 billion yuan, of which packaged drinking water product sales jumped 17.3 percent to 18.7 billion yuan, accounting for 35.6 percent of the total. 

Tea beverage and functional beverage products brought the firm 21.6 billion yuan and 5.7 billion yuan last year, up by 29 percent and 16.8 percent from 2024, respectively.

The group's gross profit margin increased by 2.4 percentage points to 60.5 percent, mainly due

to the falling procurement prices of PET raw materials and the reduced procurement costs for packaging materials such as cartons and raw materials like sugar.