NONGFU SPRING's revenue and net profit growth rate plummeted last year. Zhong Shanshan: The brand image has faced a historic test, with a 20% decline in drinking water revenue

On March 25th, NONGFU SPRING released its annual performance announcement for the year ending December 31, 2024. The announcement showed that NONGFU SPRING had a revenue of 42.896 billion yuan last year, a year-on-year increase of 0.5%; the company's net profit was 12.123 billion yuan, a year-on-year increase of 0.4%; basic earnings per share were 1.078 yuan, a year-on-year growth of 0.4%; it is proposed to distribute a year-end dividend of 0.76 yuan per ordinary share, totaling approximately 8.547 billion yuan in dividends. NONGFU SPRING's founder Zhong Shanshan stated in the financial report that in 2024, the company faced organized and prolonged smear campaigns and attacks online, and NONGFU SPRING's brand image underwent a historic test. "Our market share for packaged drinking water products experienced a continuous decline for three months, and the revenue from packaged drinking water products decreased by 21.3% for the year, but we still maintained the number one position in China's packaged drinking water market share."