Nongfu Spring First Half 2024 Earnings: EPS: CN¥0.56 (vs CN¥0.51 in 1H 2023)

Nongfu Spring (HKG:9633) First Half 2024 Results

Key Financial Results

• Revenue: CN¥22.2b (up 8.4% from 1H 2023).
• Net income: CN¥6.24b (up 8.0% from 1H 2023).
• Profit margin: 28% (in line with 1H 2023).
• EPS: CN¥0.56 (up from CN¥0.51 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nongfu Spring Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Nongfu Spring that you need to be mindful of.

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