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2024-01-09 10:54:00 ET Summary Nongfu Spring will invest 5 billion yuan with the city of Jiande in Zhejiang province to build a new production base for its drinking water and other beverage products. With gross and net profit margins of 60% and 28%, respectively, the company far o...
Nongfu Spring is the third largest soft drinks company in China, and the market leader in the bottled water sub-segment with a 13.6% market share. Competition in China's bottled water market is likely to intensify going forward, despite the existence of certain entry barriers for fore...