bullish
Nongfu Spring (9633 HK): Strong Results Overshadowed By Short Term Negative Publicitiy
422 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
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