Nongfu Spring
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Nongfu Spring

Nongfu Spring
Nongfu Spring
Nongfu Spring is a beverage company controlled by China's richest person, Zhong Shanshan. The company dominates the bottled water market in China, with nearly one in every three bottles sold in the country bearing the company's iconic green mountain logo. The company also produces packaged tea, coffee and fruit juices.
Chairman / President
Zhong Shanshan
CEO / Managing Director
Zhong Shanshan
CFO / Finance Director
Wu Limin
Industry
Beverage
Website
en.nongfuspring.com
Headquarters address
No. 15, Nongfu Spring Road, Hangzhou, Zhejiang 310052, China
Stock Code
SEHK:09633
Year founded
1996
A digital billboard displaying the Hang Seng Index is seen outside Exchange Square in Hong Kong. Photo: Eugene Lee
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Gilly Wong says she hopes to take a short break and ‘embrace a more measured pace of living’ while exploring ‘new horizons’.

Gilly Wong has stepped down as the chief executive of the consumer council. Photo: Elson Li
Consumers

Billionaire founder of China’s Nongfu Spring pledges to end price war

Low prices are destroying the quality of Chinese products and undermining the economy, tycoon says.

China economy

Opinion | Why Nongfu Spring’s online attackers are no Chinese patriots

Claims of Nongfu Spring being pro-Japanese are risible and attacks on the drinks company and its founder Zhong Shanshan only damage the country and its economy. The company should be celebrated, not pilloried.

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China's economic recovery

Deep trouble: China’s nationalists, boiling mad, put drinks firm in hot water

Attacks by internet users on China’s biggest water company have prompted concerns over whether other private businesses will come under boycott, hampering growth at a time when the country needs it most.

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The Nongfu Spring beverage company has come under fire by vocal internet users in recent weeks for a number of perceived transgressions. Photo: Imaginechina via AFP
Hang Seng Index

Hong Kong index compiler adds Nongfu Spring, Lenovo to gauge

Hang Seng Indexes Company, the compiler of Hong Kong’s Hang Seng Index, has added Nongfu Spring, China’s largest bottled-water seller, personal computer maker Lenovo to the benchmark in its latest quarterly review, it said on Friday.

Hang Seng Index

SMIC, Nongfu, Feihe tipped to join Hang Seng in latest index review

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IPO

Nongfu Spring beats market estimate in first post-IPO earnings report card

Hong Kong’s most sought-after IPO in 2020 beats analysts’ expectations with its first post-IPO earnings report. Billionaire founder Zhong Shanshan pledges to build its presence in the premium drinks segment to underpin growth.

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Drinking water produced by Nongfu Spring on display in a supermarket in Beijing. Photo: Handout
Millionaires and billionaires

The 5 billionaires battling for the title of ‘China’s richest man’

Nongfu Spring’s Zhong Shanshan might have booted Tencent’s Pony Ma from the top spot – he even briefly overtook Mukesh Ambani as ‘Asia’s richest man’ – but he might not keep his crown for long …

Jack Ma, Zhong Shanshan and Pony Ma. Photos: EPA-EFE, Nongfu Spring, Reuters
Millionaires and billionaires

The failed business ideas China’s richest man tried before bottled water

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Millionaires and billionaires

This is China’s richest man – and he’s not in IT or electric vehicles

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Millionaires and billionaires

How Zhong Shanshan unseated Mukesh Ambani as Asia’s richest man

The Chinese entrepreneur made US$71 billion in 2020 alone from making vaccines and his Nongfu Spring water – but he used to be a mushroom farmer and dropped out of high school

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IPO

How Hong Kong’s IPO market fared in 2020

The success of Nongfu’s IPO turned its founder into China’s richest individual, while the chairwoman of Blue Moon became one of the mainland’s richest women.

The secondary listing of Chinese e-commerce giant JD.com raised the most funds in Hong Kong in 2020. Photo: AFP
Stocks

Hong Kong, China stocks rise, boosted by Nongfu Spring’s debut

Hong Kong and China stocks gained on Tuesday, after Chinese water bottler Nongfu Spring’s stellar trading debut offset a correction in technology stocks as well as a threat by US President Donald Trump to scale back economic ties between the United States and China.

IPO

Nongfu’s founder becomes one of China’s richest on bottler’s IPO debut

Nongfu Spring has become a record-breaking IPO in Hong Kong after it locked up as much as HK$677 billion – about a third of Hong Kong’s daily cash in circulation – in capital from small investors.

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IPO

Not a tech giant or start-up, water bottler is Hong Kong’s record-breaking IPO

Overwhelming response to Nongfu’s IPO is a sign Hong Kong’s capital market is roaring ahead in defiance of recession, a coronavirus pandemic and political unrest.

Overwhelming response to Nongfu’s IPO is a sign Hong Kong’s capital market is roaring ahead in defiance of recession, a coronavirus pandemic and political unrest. Photo: AFP
IPO

Will Nongfu Spring’s Hong Kong IPO lead to more success for founder?

The listing will represent back-to-back capital market success for founder Zhong Shanshan, who also controls 75 per cent of Covid-19 test kit maker Beijing Wantai that raised US$49 million in a Shanghai IPO in April.

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