The company also declared dividend of 900 million yuan in March, consisting of 720 million yuan share dividends and 180 million yuan cash dividends. Apart from packaged drinking water products, Nongfu Spring also produces tea beverage products, functional beverage products, juices, and other products. But packaged drinking water products contributed to over 57 percent of revenue over the past three years. Revenue grew by 17.06 percent year-on-year to 20.48 billion yuan in 2018, and further increased by 17.32 percent to 24.02 billion yuan in 2019. Net profit climbed by 6.67 percent year-on-year to 3.61 billion yuan in 2018, and further surged by 37.15 percent to 4.95 billion yuan last year.

Source: The Standard August 09, 2020 19:19 UTC