Zhitong Finance APP learned that $NONGFU SPRING (09633.HK)$Currently up over 8%, as of the time of writing, it has risen by 8.16%, priced at 35.8 Hong Kong dollars, with a transaction volume of 0.572 billion Hong Kong dollars.

On the news front, on November 27th, Nongfu Spring's official WeChat public account once again issued a statement to refute 20 major rumors about Nongfu Spring and its founder, Zhong Shanshan. China Securities Co., Ltd. pointed out that recently, Zhong Shanshan of Nongfu Spring has once again attracted public attention at a media exchange meeting. In fact, despite PDD Holdings still maintaining a low stock price strategy, Douyin e-commerce has shifted from prioritizing low prices to prioritizing GMV growth. We believe that absolute low-price competition will ease.

Guolian Securities pointed out that the Chinese packaged water market is large and growing rapidly, with a recent increase in CR2 in recent years. Consumer scenarios are gradually diversifying, and the growth in demand for health water and large packaged water is expected to further drive the packaged water market. In the short term, intensified price competition in the packaged water industry has impacted the revenue growth and profit levels of leading companies. In the long term, the leading company Nongfu Spring, with channel efficiency and cost leadership advantages, is expected to seize more market share in the packaged water market through the launch of Green Water in the mid-term, further increasing industry concentration.

Editor/ping