Nongfu Spring
#386
Rank
$51.12B
Marketcap
China
Country
Mr. Xiyue Liu (Chief Information Officer & Shareholder Representative Supervisor)
Ms. Zhenhua Zhou (CFO & Exec. Director)
Summary
Nongfu Spring Co., Ltd. produces and markets packaged drinking water and beverage products primarily in Mainland China. It operates through five segments: Water Products, Ready-To-Drink Tea Products, Functional Drinks Products, Juice Beverage Products, and Other Products. The company also offers tea beverage products; functional drink products; fruit juice products; and other beverage products, such as soda water beverages, sparkling flavored beverages, coffee beverages, and plant-based yogurt products, as well as agricultural products comprising fresh fruits. In addition, it provides supply chain management services. The company was founded in 1996 and is headquartered in Hangzhou, China. Nongfu Spring Co., Ltd. operates as a subsidiary of Yangshengtang Co., Ltd.
History
Nongfu Spring was founded in 1996 in Hangzhou by its current Chairman, Zhong Shanshan. Originally specializing in bottled water production, its product line has since expanded to include tea drinks and beverages, as well as functional and other health drinks. In 2010, Nongfu Spring achieved certification from the China PSB for its high-quality water sources and advanced water purification techniques. In 2012, Nongfu Spring began to expand its presence nationally, opening new production bases in Zhejiang and New Capital in Beijing. With its increasing number of production bases, Nongfu Spring was able to increase its production capacity and meet its growing demand. In 2014, the company launched a new product range called “Nongfu Darling” which focusses on producing natural, healthy and lower sugar beverages for children. In 2017, Nongfu Spring launched its online store, WeChat Mall, becoming the first bottled-water manufacturer in China to enter the online retail space. The company also established research and development centers in Hangzhou, Henan, Guangdong and Shanxi and expanded its production network to 24 provinces and cities. In 2019, Nongfu Spring debuted on the Hong Kong Exchange and became the world’s most valuable beverage company, the first beverage company to exceed $100 billion in market capitalization. Nongfu Spring is currently expanding its retail network, having built offices and production bases in various regions.
Mission
Nongfu Spring's mission is to serve consumers with high-quality food, beverages and water products all over the world.
Vision
Our vision is to become the No.1 beverage provider in the world, contributing to improved public health and a better environment.
Key Team
Mr. Zhen Guo (Deputy GM & Exec. Director)
Mr. Li Zhou (Deputy GM & Exec. Director)
Mr. Yuan Liao (GM of Engineering & Equipment Center and Exec. Director)
Ms. Linyou Han (Sec. of the Board & Joint Company Sec.)
Ms. Po Man Mak A.C.I.S., A.C.S., C.P.A., CPA, FCCA (Joint Company Sec.)
Recognition and Awards
References
Mr. Xiyue Liu (Chief Information Officer & Shareholder Representative Supervisor)
Ms. Zhenhua Zhou (CFO & Exec. Director)