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
last updated:
2 October, 2024
Zhong Shanshan is China’s richest man and the founder of bottled-water giant Nongfu Spring. Photo: @newmoney_gr/Instagram
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

China's economic recovery

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

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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.

The two new stocks will have a combined weighting of 1.15 per cent, with Nongfu Spring contributing 0.69 per cent and Lenovo contributing 0.46 per cent. Photo: AFP
Hang Seng Index

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

Five Chinese stocks are the common picks of analysts at CICC and China Renaissance as the index compiler prepares to unveil its rebalancing outcome on Friday.

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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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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

Zhong Shanshan started out in journalism, farmed prawns and sold turtle pills before founding Nongfu Spring, the bottled water empire that would make him a multi-billionaire

Millionaires and billionaires

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

Zhong Shanshan, the chairman of Nongfu Spring, has survived hardships and controversies to make oceans of money out of bottled water

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

Zhong Shanshan has unseated Mukesh Ambani as Asia’s richest man – so what do we know about the Chinese billionaire? Photos: @newmoney_gr/Instagram, Reuters
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.

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.

Nongfu Spring will sell 388.23 million shares, which represent 3.5 per cent of its outstanding share capital. Photo: AFP
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