Source: China Economic Network
China Economic Network Beijing March 25 (Reporter Han Yijia) Yesterday, Nongfu Spring (09633.HK) stock price fell, reaching HK$39.00, a drop of 7.363%, with a total market value of HK$438.6135 billion, equivalent to RMB 368.26 billion (current exchange rate: Hong Kong dollar against RMB 0.8396).
Nongfu Spring hit a high listing price of HK$68.75 during the trading session on January 8, 2021. Compared with this, the stock price fell 43.27% in two and a half months, and its market value evaporated by HK$334.583 billion, equivalent to RMB 280.916 billion.
According to the First Financial News, Zhong Shanshan holds a 84.41% stake in Nongfu Spring.
According to the shareholding ratio, in two and a half months, Zhong Shanshan's value evaporated by 237.121 billion yuan.
According to the prospectus of Nongfu Spring, in September 1996, the founder Zhong Shanshan founded the predecessor of Nongfu Spring, Xin'anjiang Yangshengtang Drinking Water Co., Ltd. in Zhejiang Province, with a registered capital of RMB 20 million. In June 2001, Nongfu Spring was changed from a limited liability company to "Nongfu Spring Co., Ltd.". After more than 20 years of development, Nongfu Spring has become a leading enterprise in China's packaged drinking water and beverages, with products covering categories such as packaged drinking water, tea beverages, functional beverages and juice beverages.
From 2017 to 2019, Nongfu Spring's operating income was RMB 17.491 billion, RMB 20.475 billion, and RMB 24.021 billion, respectively; net profit was RMB 3.386 billion, RMB 3.612 billion, and RMB 4.954 billion, respectively; net cash generated from operating activities was RMB 4.697 billion, RMB 4.63 billion, and RMB 7.472 billion, respectively.
On the evening of September 24, 2020, the 2020 semi-annual report released by Nongfu Spring showed that in the first half of 2020, the company achieved revenue of 11.545 billion yuan, compared with 12.309 billion yuan in the same period last year, a year-on-year decline of 6.21%; net profit in the first half of the year was 2.864 billion yuan, compared with 2.877 billion yuan in the same period last year, a year-on-year decline of 0.43%.
According to Sina Hong Kong stocks, Nongfu Spring cornerstone investors have lifted the ban since March 8, bringing short selling pressure to the company's stock price. The 6-month ban on sale of the cornerstone investors ended, involving 115 million shares.
