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
SUMMARY
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