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mw-first-heading"><span class="mw-page-title-main">Nongfu Spring</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. 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href="https://de.wikipedia.org/wiki/Nongfu_Spring" title="Nongfu Spring – German" lang="de" hreflang="de" data-title="Nongfu Spring" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Manantial_Nongfu" title="Manantial Nongfu – Spanish" lang="es" hreflang="es" data-title="Manantial Nongfu" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Nongfu_Spring" title="Nongfu Spring – French" lang="fr" hreflang="fr" data-title="Nongfu Spring" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/Nongfu_Spring" title="Nongfu Spring – Indonesian" lang="id" hreflang="id" data-title="Nongfu Spring" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Nongfu_Spring" title="Nongfu Spring – Italian" lang="it" hreflang="it" data-title="Nongfu Spring" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/%D7%A0%D7%95%D7%A0%D7%92%D7%A4%D7%95_%D7%A1%D7%A4%D7%A8%D7%99%D7%A0%D7%92" title="נונגפו ספרינג – Hebrew" lang="he" hreflang="he" data-title="נונגפו ספרינג" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/Nongfu_Spring" title="Nongfu Spring – Russian" lang="ru" hreflang="ru" data-title="Nongfu Spring" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-wuu mw-list-item"><a href="https://wuu.wikipedia.org/wiki/%E5%86%9C%E5%A4%AB%E5%B1%B1%E6%B3%89" title="农夫山泉 – Wu" lang="wuu" hreflang="wuu" data-title="农夫山泉" data-language-autonym="吴语" data-language-local-name="Wu" class="interlanguage-link-target"><span>吴语</span></a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E5%86%9C%E5%A4%AB%E5%B1%B1%E6%B3%89" title="农夫山泉 – Chinese" lang="zh" hreflang="zh" data-title="农夫山泉" data-language-autonym="中文" data-language-local-name="Chinese" class="interlanguage-link-target"><span>中文</span></a></li> </ul> <div class="after-portlet 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dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Chinese beverage company</div> <style data-mw-deduplicate="TemplateStyles:r1251242444">.mw-parser-output .ambox{border:1px solid #a2a9b1;border-left:10px solid #36c;background-color:#fbfbfb;box-sizing:border-box}.mw-parser-output .ambox+link+.ambox,.mw-parser-output .ambox+link+style+.ambox,.mw-parser-output .ambox+link+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+style+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+link+.ambox{margin-top:-1px}html body.mediawiki .mw-parser-output .ambox.mbox-small-left{margin:4px 1em 4px 0;overflow:hidden;width:238px;border-collapse:collapse;font-size:88%;line-height:1.25em}.mw-parser-output .ambox-speedy{border-left:10px solid #b32424;background-color:#fee7e6}.mw-parser-output .ambox-delete{border-left:10px solid #b32424}.mw-parser-output .ambox-content{border-left:10px solid #f28500}.mw-parser-output .ambox-style{border-left:10px solid #fc3}.mw-parser-output .ambox-move{border-left:10px solid #9932cc}.mw-parser-output .ambox-protection{border-left:10px solid #a2a9b1}.mw-parser-output .ambox .mbox-text{border:none;padding:0.25em 0.5em;width:100%}.mw-parser-output .ambox .mbox-image{border:none;padding:2px 0 2px 0.5em;text-align:center}.mw-parser-output .ambox .mbox-imageright{border:none;padding:2px 0.5em 2px 0;text-align:center}.mw-parser-output .ambox .mbox-empty-cell{border:none;padding:0;width:1px}.mw-parser-output .ambox .mbox-image-div{width:52px}@media(min-width:720px){.mw-parser-output .ambox{margin:0 10%}}@media print{body.ns-0 .mw-parser-output .ambox{display:none!important}}</style><table class="box-Promotional plainlinks metadata ambox ambox-content ambox-Advert" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/b/b4/Ambox_important.svg/40px-Ambox_important.svg.png" decoding="async" width="40" height="40" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/b/b4/Ambox_important.svg/60px-Ambox_important.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/b/b4/Ambox_important.svg/80px-Ambox_important.svg.png 2x" data-file-width="40" data-file-height="40" /></span></span></div></td><td class="mbox-text"><div class="mbox-text-span">This article <b>contains <a href="/wiki/Wikipedia:What_Wikipedia_is_not#Wikipedia_is_not_a_soapbox_or_means_of_promotion" title="Wikipedia:What Wikipedia is not">promotional content</a></b>.<span class="hide-when-compact"> Please help <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Nongfu_Spring&action=edit">improve it</a> by removing <a href="/wiki/Wikipedia:Spam" title="Wikipedia:Spam">promotional language</a> and inappropriate <a href="/wiki/Wikipedia:External_links#Advertising_and_conflicts_of_interest" title="Wikipedia:External links">external links</a>, and by adding encyclopedic text written from a <a href="/wiki/Wikipedia:Neutral_point_of_view" title="Wikipedia:Neutral point of view">neutral point of view</a>.</span> <span class="date-container"><i>(<span class="date">August 2019</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Nongfu Spring Co., Ltd.</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Nongfu_Spring.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/0/0a/Nongfu_Spring.svg/220px-Nongfu_Spring.svg.png" decoding="async" width="220" height="134" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/0/0a/Nongfu_Spring.svg/330px-Nongfu_Spring.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/0/0a/Nongfu_Spring.svg/440px-Nongfu_Spring.svg.png 2x" data-file-width="512" data-file-height="312" /></a></span></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Native name</div></th><td class="infobox-data">农夫山泉股份有限公司</td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/Hong_Kong_Stock_Exchange" title="Hong Kong Stock Exchange">SEHK</a>: <a rel="nofollow" class="external text" href="https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=9633&sc_lang=en">9633</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Beverages" class="mw-redirect" title="Beverages">Beverages</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">September 26, 1996<span class="noprint">; 28 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1996-09-26</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent"><a href="/wiki/Zhong_Shanshan" title="Zhong Shanshan">Zhong Shanshan</a></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Hangzhou" title="Hangzhou">Hangzhou</a>, <a href="/wiki/China" title="China">China</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Zhong Shanshan (Chairman & founder)</td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data"><a href="/wiki/Bottled_water" title="Bottled water">Bottled water</a>, <a href="/wiki/Beverages" class="mw-redirect" title="Beverages">Beverages</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data">$3.4 billion (2019)</td></tr><tr><th scope="row" class="infobox-label">Owner</th><td class="infobox-data"><a href="/wiki/Zhong_Shanshan" title="Zhong Shanshan">Zhong Shanshan</a></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><a rel="nofollow" class="external text" href="http://www.nongfuspring.com/">nongfuspring.com</a></td></tr></tbody></table> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /><table class="infobox"><tbody><tr><th colspan="2" class="infobox-above" style="color: #202122;background-color:#b0c4de">Nongfu Spring Co., Ltd.</th></tr><tr style="display:none;"><td colspan="2" class="infobox-full-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /></td></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Simplified_Chinese_characters" title="Simplified Chinese characters">Simplified Chinese</a></th><td class="infobox-data"><span title="Chinese-language text"><span lang="zh-Hans" style="font-size: 1rem;">农夫山泉股份有限公司</span></span></td></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Traditional_Chinese_characters" title="Traditional Chinese characters">Traditional Chinese</a></th><td class="infobox-data"><span title="Chinese-language text"><span lang="zh-Hant" style="font-size: 1rem;">農夫山泉股份有限公司</span></span></td></tr><tr><td colspan="2" class="infobox-full-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /><table class="infobox-subbox mw-collapsible mw-collapsed" style="display:inline-table; text-align: left;"><tbody><tr><th colspan="2" class="infobox-above" style="font-size: 100%; text-align: left;color: #202122; background-color: #f9ffbc;">Transcriptions</th></tr><tr><th colspan="2" class="infobox-header" style="color: #202122;background-color: #dcffc9;"><a href="/wiki/Standard_Chinese" title="Standard Chinese">Standard Mandarin</a></th></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Hanyu_Pinyin" class="mw-redirect" title="Hanyu Pinyin">Hanyu Pinyin</a></th><td class="infobox-data"><span title="Chinese-language romanization"><span style="font-style: normal" lang="zh-Latn">nóng-fū shān-quán gǔ-fèn yǒu-xiàn gōng-sī</span></span></td></tr></tbody></table></td><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /></tr><tr style="display:none"><td colspan="2"> </td></tr></tbody></table> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:NongfuSpringWaterBottles.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/2/2d/NongfuSpringWaterBottles.jpg/220px-NongfuSpringWaterBottles.jpg" decoding="async" width="220" height="293" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/2d/NongfuSpringWaterBottles.jpg/330px-NongfuSpringWaterBottles.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/2d/NongfuSpringWaterBottles.jpg/440px-NongfuSpringWaterBottles.jpg 2x" data-file-width="2448" data-file-height="3264" /></a><figcaption>Nongfu Spring water bottles</figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:ChinaCRCC100.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/4/47/ChinaCRCC100.jpg/220px-ChinaCRCC100.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/47/ChinaCRCC100.jpg/330px-ChinaCRCC100.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/47/ChinaCRCC100.jpg/440px-ChinaCRCC100.jpg 2x" data-file-width="3264" data-file-height="2448" /></a><figcaption>Shuirong C100</figcaption></figure> <p><b>Nongfu Spring</b> (<a href="/wiki/Simplified_Chinese_characters" title="Simplified Chinese characters">simplified Chinese</a>: <span lang="zh-Hans">农夫山泉</span>; <a href="/wiki/Traditional_Chinese_characters" title="Traditional Chinese characters">traditional Chinese</a>: <span lang="zh-Hant">農夫山泉</span>; <a href="/wiki/Pinyin" title="Pinyin">pinyin</a>: <i><span lang="zh-Latn">Nóngfū Shānquán</span></i>; lit. "farmer's <a href="/wiki/Spring_(hydrology)" title="Spring (hydrology)">mountain spring</a>") Is a Chinese <a href="/wiki/Bottled_water" title="Bottled water">bottled water</a> and <a href="/wiki/Soft_beverage" class="mw-redirect" title="Soft beverage">soft beverage</a> company headquartered in <a href="/wiki/Xihu_District,_Hangzhou" class="mw-redirect" title="Xihu District, Hangzhou">Xihu District</a>, <a href="/wiki/Hangzhou" title="Hangzhou">Hangzhou</a>, <a href="/wiki/Zhejiang" title="Zhejiang">Zhejiang</a> province.<sup id="cite_ref-Bizweek_1-0" class="reference"><a href="#cite_note-Bizweek-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> It is owned and chaired by founder <a href="/wiki/Zhong_Shanshan" title="Zhong Shanshan">Zhong Shanshan</a>.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nongfu_Spring&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The company was established on September 26, 1996.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> It launched its first packaged drinking water product in 1997 with water sourced from Zhejiang Thousand-Island Lake and became the joint stock company Nongfu Spring Co., Ltd in 2001.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>As reported by <a href="/wiki/Reuters" title="Reuters">Reuters</a>, Nongfu Spring filed an <a href="/wiki/Initial_public_offering" title="Initial public offering">initial public offering</a><sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> with the <a href="/wiki/Hong_Kong_Stock_Exchange" title="Hong Kong Stock Exchange">Hong Kong Stock Exchange</a>.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> The company raised approximately US$1 billion by pricing its IPO at the HKD 21.50 per share, at the top end of its IPO range. </p><p>It developed and launched a range of beverages, including Farmer's Orchard, Scream and Oriental Leaf and used marketing slogans, most notably ‘a little bit sweet’ to popular effect.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>Through growth and acquisition, Nongfu Spring has become China's largest bottled water producer and a top three producer in the bottled tea and juice market.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p>According to Nielsen research data, Nongfu Springs natural water became in 2012 the most popular bottled water in China.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p><p>On April 10, 2013, the <i><a href="/wiki/Beijing_Times" title="Beijing Times">Beijing Times</a></i> accused the company of intentionally not adopting Chinese national water standards and instead adopting the lower standards of Zhejiang province. This started a dispute between the company and the newspaper.<sup id="cite_ref-ZhaoLeiDisp_11-0" class="reference"><a href="#cite_note-ZhaoLeiDisp-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> In November 2013, the company accused the <i>Beijing Times</i> of defamation and filed a lawsuit in the Beijing Second Intermediate People's Court against the newspaper, demanding 60 million yuan (US$9.85 million) in damages.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (October 2020)">citation needed</span></a></i>]</sup> </p><p>In 2016, chairman of the company, Zhong Shanshan, announced a new strategy to diversify the company and to globalize operations<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> Nongfu Spring is part of the Yangshengtang group of companies,<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> which also includes pharmaceutical companies Beijing Wantai<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> and Hainan Yangshengtang Pharmaceuticals.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> </p><p>In 2018, the brand's bottles was used in an exhibition called 'Nongfu Spring Market' by activist and performance artist <a href="/wiki/Brother_Nut" title="Brother Nut">Nut Brother</a> which highlighted the pollution occurring in rural villages.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> </p><p>As set out in its prospectus,<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> the company recorded revenue of 24 billion yuan (US$3.4 billion) in 2019, up from 20.47 billion yuan a year earlier. The prospectus also shows profit of 4.95 billion yuan in 2019, a 20.6% increase on its 3.61 billion yuan profit the year prior. </p><p>Sponsorship of major sports has become a feature of Nongfu Spring's marketing,<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> and in 2019 Nongfu Spring signed a two-year deal with the International Swimming Federation (FINA) as partner for FINA major events in 2020 and 2021. </p><p>Nongfu Spring has diversified its product base to include coffee and tea beverages, fruit products, yogurt and rice.<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> The company announced its revenue and net profit decreased in the three months ending March 31, 2020, compared to the same three-month period in 2019 due to the COVID-19 pandemic. Mainland production plants, closed during the Chinese New Year holiday, were returned to normal operation.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> </p><p>In September 2020, Nongfu Spring raised approximately US$1bn by pricing its <a href="/wiki/IPO" class="mw-redirect" title="IPO">IPO</a> at the HKD21.50/share, at the top-end of its IPO range.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Products">Products</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nongfu_Spring&action=edit&section=2" title="Edit section: Products"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Nongfu Spring's first packaged drinking water product was launched in 1997. The company ceased to remove natural minerals from its bottled water in 1999 and marketed its water products as natural water.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> Nongfu Spring now offers a full range of water products from its 10 natural water sources across China.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> It is currently finalizing purchase of its first overseas water source and production facility, Otakiri Springs, in <a href="/wiki/New_Zealand" title="New Zealand">New Zealand</a>.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> </p> <ul><li>In 2003, it launched its Nongfu Orchard range of fruit drinks with fruit grains. The following year it targeted the teenage market with its range of ‘Scream’ drinks as it sought to expand its consumer base.<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup></li> <li>In 2008, it launched water-soluble vitamin C drinks, Shuirong C100.<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup></li> <li>In 2010, it launched "Victory Vitamin Water" beverage.<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup></li> <li>In 2011, "Oriental Leaf", a sugar-free tea beverage.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup></li> <li>In 2012, "Whisked Milk Tea" series of milk tea beverages.<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup></li> <li>In 2014, the company launched its 17.5°oranges, its first entry into the fruit market and an expansion of its product offering.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup></li> <li>In 2015, "Nongfu Spring" Natural Mineral Water (in glass bottles), "Nongfu Spring" natural drinking water (suitable for infants and young children), and "Nongfu Spring" natural mineral water with the sports cap.<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup></li> <li>In 2016, "Nongfu Spring" Natural Mineral Water (Limited edition in Monkey Year), 17.5°NFC (Not From Concentrate) 100% Orange Juice & Apple Juice, Tea π(fruit flavored tea), Fruit flavored soft drink. Nongfu Spring 100% NFC Orange Juice, Apple Banana Juice & Mango Blended Juice.</li> <li>In 2018, in response to consumer demand, the company expanded its range of natural water products to include a 12L disposable barrel.<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup></li> <li>In 2019, Nongfu Spring it entered the coffee market for the first time with its TanBing range of coffee products.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nongfu_Spring&action=edit&section=3" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-Bizweek-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-Bizweek_1-0">^</a></b></span> <span class="reference-text">"<a rel="nofollow" class="external text" href="https://archive.today/20140410071804/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=6484241">Nongfu Spring Co., Ltd.</a>" <a href="/wiki/Bloomberg_Businessweek" title="Bloomberg Businessweek">Bloomberg Businessweek</a>. Retrieved on April 10, 2014. "No. 148 Shuguang Road Hangzhou, 310007 China"</span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text">"<a rel="nofollow" class="external text" href="http://www.nongfuspring.com/index.php/contact">联系方式</a>." Nongfu Spring. Retrieved on April 10, 2014. 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Retrieved <span class="nowrap">2020-07-15</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.nongfuspring.com&rft.atitle=%E5%86%9C%E5%A4%AB%E5%B1%B1%E6%B3%89%7CNongfu+Spring&rft_id=https%3A%2F%2Fwww.nongfuspring.com%2Faboutus%2FdevelopHistory%3Ftype%3Den-US&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANongfu+Spring" class="Z3988"></span></span> </li> <li id="cite_note-29"><span class="mw-cite-backlink"><b><a href="#cite_ref-29">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFThallapelly2016" class="citation web cs1">Thallapelly, Hari (2016-11-01). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200715140624/https://www.nongfuspring.global/water-soluble-c100/">"Nongfu Spring's Juices: Water Soluble C100"</a>. <i>Nongfu Spring</i>. 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Archived from <a rel="nofollow" class="external text" href="https://www.nongfuspring.global/victory-vitamin-water/">the original</a> on January 24, 2018<span class="reference-accessdate">. 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Retrieved <span class="nowrap">2020-07-15</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Nongfu+Spring&rft.atitle=Nongfu+Spring%27s+Tea+Beverages%3A+Oriental+Leaf&rft.date=2016-10-30&rft.aulast=Thallapelly&rft.aufirst=Hari&rft_id=https%3A%2F%2Fwww.nongfuspring.global%2Foriental-leaf%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANongfu+Spring" class="Z3988"></span></span> </li> <li id="cite_note-32"><span class="mw-cite-backlink"><b><a href="#cite_ref-32">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFThallapelly2016" class="citation web cs1">Thallapelly, Hari (2016-10-30). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200715174415/https://www.nongfuspring.global/whisked-milk-tea/">"Nongfu Spring's Tea Beverages: Whisked Milk Tea"</a>. <i>Nongfu Spring</i>. Archived from <a rel="nofollow" class="external text" href="https://www.nongfuspring.global/whisked-milk-tea/">the original</a> on 2020-07-15<span class="reference-accessdate">. Retrieved <span class="nowrap">2020-07-15</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Nongfu+Spring&rft.atitle=Nongfu+Spring%27s+Tea+Beverages%3A+Whisked+Milk+Tea&rft.date=2016-10-30&rft.aulast=Thallapelly&rft.aufirst=Hari&rft_id=https%3A%2F%2Fwww.nongfuspring.global%2Fwhisked-milk-tea%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANongfu+Spring" class="Z3988"></span></span> </li> <li id="cite_note-33"><span class="mw-cite-backlink"><b><a href="#cite_ref-33">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.infonews.co.nz/news.cfm?id=112648">"Nongfu Spring launched 17.5° Orange helping local agricultural industry"</a>. <i>www.infonews.co.nz</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2020-07-15</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.infonews.co.nz&rft.atitle=Nongfu+Spring+launched+17.5%C2%B0+Orange+helping+local+agricultural+industry&rft_id=https%3A%2F%2Fwww.infonews.co.nz%2Fnews.cfm%3Fid%3D112648&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANongfu+Spring" class="Z3988"></span></span> </li> <li id="cite_note-34"><span class="mw-cite-backlink"><b><a href="#cite_ref-34">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20200220183722/http://www.nongfuspring.global/our-brands/bottled-water">"Nongfu Spring bottled water range"</a>. Archived from <a rel="nofollow" class="external text" href="http://www.nongfuspring.global/our-brands/bottled-water/">the original</a> on 2020-02-20<span class="reference-accessdate">. Retrieved <span class="nowrap">2019-02-09</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Nongfu+Spring+bottled+water+range&rft_id=http%3A%2F%2Fwww.nongfuspring.global%2Four-brands%2Fbottled-water%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANongfu+Spring" class="Z3988"></span></span> </li> <li id="cite_note-35"><span class="mw-cite-backlink"><b><a href="#cite_ref-35">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.nongfuspring.com/aboutus/developHistory?type=en-US">"农夫山泉|Nongfu Spring"</a>. <i>www.nongfuspring.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2020-07-15</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.nongfuspring.com&rft.atitle=%E5%86%9C%E5%A4%AB%E5%B1%B1%E6%B3%89%7CNongfu+Spring&rft_id=https%3A%2F%2Fwww.nongfuspring.com%2Faboutus%2FdevelopHistory%3Ftype%3Den-US&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANongfu+Spring" class="Z3988"></span></span> </li> <li id="cite_note-36"><span class="mw-cite-backlink"><b><a href="#cite_ref-36">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.nongfuspring.com/aboutus/developHistory?type=en-US">"农夫山泉|Nongfu Spring"</a>. <i>www.nongfuspring.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2020-07-15</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.nongfuspring.com&rft.atitle=%E5%86%9C%E5%A4%AB%E5%B1%B1%E6%B3%89%7CNongfu+Spring&rft_id=https%3A%2F%2Fwww.nongfuspring.com%2Faboutus%2FdevelopHistory%3Ftype%3Den-US&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANongfu+Spring" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nongfu_Spring&action=edit&section=4" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><span class="languageicon">(in Chinese)</span> <a rel="nofollow" class="external text" href="http://www.nongfuspring.com/">Nongfu Spring</a></li></ul> <div class="navbox-styles"><style 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.navbox-odd{background-color:transparent}.mw-parser-output .navbox .hlist td dl,.mw-parser-output .navbox .hlist td ol,.mw-parser-output .navbox .hlist td ul,.mw-parser-output .navbox td.hlist dl,.mw-parser-output .navbox td.hlist ol,.mw-parser-output .navbox td.hlist ul{padding:0.125em 0}.mw-parser-output .navbox .navbar{display:block;font-size:100%}.mw-parser-output .navbox-title .navbar{float:left;text-align:left;margin-right:0.5em}body.skin--responsive .mw-parser-output .navbox-image img{max-width:none!important}@media print{body.ns-0 .mw-parser-output .navbox{display:none!important}}</style></div><div role="navigation" class="navbox" aria-labelledby="Drink_companies_of_China63" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2" style="background:lightsteelblue;"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar li{word-spacing:-0.125em}.mw-parser-output .navbar a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini abbr{font-variant:small-caps;border-bottom:none;text-decoration:none;cursor:inherit}.mw-parser-output .navbar-ct-full{font-size:114%;margin:0 7em}.mw-parser-output .navbar-ct-mini{font-size:114%;margin:0 4em}html.skin-theme-clientpref-night .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}@media(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}}@media print{.mw-parser-output .navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Beverage_companies_of_China" title="Template:Beverage companies of China"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Beverage_companies_of_China" title="Template talk:Beverage companies of China"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Beverage_companies_of_China" title="Special:EditPage/Template:Beverage companies of China"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Drink_companies_of_China63" style="font-size:114%;margin:0 4em"><a href="/wiki/Category:Drink_companies_of_China" title="Category:Drink companies of China">Drink companies of China</a></div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bright_Food" title="Bright Food">Bright Food</a></li> <li><a href="/wiki/China_Resources_Beverage" title="China Resources Beverage">China Resources Beverage</a></li> <li><a href="/wiki/Hangzhou_Wahaha_Group" title="Hangzhou Wahaha Group">Hangzhou Wahaha Group</a></li> <li><a href="/wiki/Harbin_Brewery" title="Harbin Brewery">Harbin Brewery</a></li> <li><a href="/wiki/Huiyuan_Juice" title="Huiyuan Juice">Huiyuan Juice</a></li> <li><a href="/wiki/Jianlibao_Group" title="Jianlibao Group">Jianlibao Group</a></li> <li><a href="/wiki/JDB_Group" title="JDB Group">JDB Group</a></li> <li><a href="/wiki/Kingway_Brewery" title="Kingway Brewery">Kingway Brewery</a></li> <li><a href="/wiki/Kweichow_Moutai" title="Kweichow Moutai">Kweichow Moutai</a></li> <li><a href="/wiki/Tiandi_No.1_Beverage" title="Tiandi No.1 Beverage">Tiandi No.1 Beverage</a></li> <li><a class="mw-selflink selflink">Nongfu Spring</a></li> <li><a href="/wiki/Wahaha_Joint_Venture_Company" title="Wahaha Joint Venture Company">Wahaha Joint Venture Company</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235" /></div><div role="navigation" class="navbox" aria-labelledby="23x15px&#124;border_&#124;alt=Hong_Kong&#124;link=Hong_Kong_Constituents_of_Hang_Seng_Index252" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231" /><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Hang_Seng_Index" title="Template:Hang Seng Index"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Hang_Seng_Index" title="Template talk:Hang Seng Index"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Hang_Seng_Index" title="Special:EditPage/Template:Hang Seng Index"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="23x15px&#124;border_&#124;alt=Hong_Kong&#124;link=Hong_Kong_Constituents_of_Hang_Seng_Index252" style="font-size:114%;margin:0 4em"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/Hong_Kong" title="Hong Kong"><img alt="Hong Kong" src="//upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Flag_of_Hong_Kong.svg/23px-Flag_of_Hong_Kong.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Flag_of_Hong_Kong.svg/35px-Flag_of_Hong_Kong.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Flag_of_Hong_Kong.svg/45px-Flag_of_Hong_Kong.svg.png 2x" data-file-width="900" data-file-height="600" /></a></span></span> Constituents of <a href="/wiki/Hang_Seng_Index" title="Hang Seng Index">Hang Seng Index</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Finance" title="Finance">Finance</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/HSBC" title="HSBC">HSBC</a></li> <li><a href="/wiki/Hang_Seng_Bank" title="Hang Seng Bank">Hang Seng Bank</a></li> <li><a href="/wiki/Hong_Kong_Exchanges_and_Clearing" title="Hong Kong Exchanges and Clearing">Hong Kong Exchanges and Clearing</a></li> <li><a href="/wiki/China_Construction_Bank" title="China Construction Bank">China Construction Bank</a></li> <li><a href="/wiki/AIA_Group" title="AIA Group">AIA Group</a></li> <li><a href="/wiki/Industrial_and_Commercial_Bank_of_China" title="Industrial and Commercial Bank of China">Industrial and Commercial Bank of China</a></li> <li><a href="/wiki/Ping_An_Insurance" title="Ping An Insurance">Ping An Insurance</a></li> <li><a href="/wiki/Bank_of_China_(Hong_Kong)" title="Bank of China (Hong Kong)">Bank of China (Hong Kong)</a></li> <li><a href="/wiki/China_Life_Insurance_Company" title="China Life Insurance Company">China Life Insurance Company</a></li> <li><a href="/wiki/China_Merchants_Bank" title="China Merchants Bank">China Merchants Bank</a></li> <li><a href="/wiki/Bank_of_China" title="Bank of China">Bank of China</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Utilities" class="mw-redirect" title="Utilities">Utilities</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/CLP_Group" title="CLP Group">CLP Group</a></li> <li><a href="/wiki/The_Hong_Kong_and_China_Gas_Company" title="The Hong Kong and China Gas Company">The Hong Kong and China Gas Company</a></li> <li><a href="/wiki/Power_Assets_Holdings" title="Power Assets Holdings">Power Assets Holdings</a></li> <li><a href="/wiki/China_Resources_Power" title="China Resources Power">China Resources Power</a></li> <li><a href="/wiki/CK_Infrastructure_Holdings" title="CK Infrastructure Holdings">CK Infrastructure Holdings</a></li> <li><a href="/wiki/ENN_Energy" title="ENN Energy">ENN Energy</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Property" title="Property">Properties</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Henderson_Land_Development" title="Henderson Land Development">Henderson Land Development</a></li> <li><a href="/wiki/Sun_Hung_Kai_Properties" title="Sun Hung Kai Properties">Sun Hung Kai Properties</a></li> <li><a href="/wiki/New_World_Development" title="New World Development">New World Development</a></li> <li><a href="/wiki/Hang_Lung_Properties" title="Hang Lung Properties">Hang Lung Properties</a></li> <li><a href="/wiki/China_Overseas_Land_and_Investment" title="China Overseas Land and Investment">China Overseas Land and Investment</a></li> <li><a href="/wiki/Link_REIT" title="Link REIT">Link REIT</a></li> <li><a href="/wiki/Longfor_Properties" title="Longfor Properties">Longfor Properties</a></li> <li><a href="/wiki/China_Resources_Land" title="China Resources Land">China Resources Land</a></li> <li><a href="/wiki/CK_Asset_Holdings" title="CK Asset Holdings">CK Asset Holdings</a></li> <li><a href="/wiki/China_Resources_Mixc_Lifestyle" title="China Resources Mixc Lifestyle">China Resources Mixc Lifestyle</a></li> <li><a href="/wiki/Wharf_Real_Estate_Investment_Company" title="Wharf Real Estate Investment Company">Wharf Real Estate Investment Company</a></li> <li><a href="/wiki/Country_Garden" title="Country Garden">Country Garden</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Commerce" title="Commerce">Commerce</a><br />and<br /><a href="/wiki/Industry_(manufacturing)" class="mw-redirect" title="Industry (manufacturing)">Industry</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/CK_Hutchison_Holdings" title="CK Hutchison Holdings">CK Hutchison Holdings</a></li> <li><a href="/wiki/Galaxy_Entertainment_Group" title="Galaxy Entertainment Group">Galaxy Entertainment Group</a></li> <li><a href="/wiki/MTR_Corporation" title="MTR Corporation">MTR Corporation</a></li> <li><a href="/wiki/Geely_Auto" title="Geely Auto">Geely Auto</a></li> <li><a href="/wiki/Alibaba_Health" title="Alibaba Health">Alibaba Health</a></li> <li><a href="/wiki/CITIC_Limited" title="CITIC Limited">CITIC Limited</a></li> <li><a href="/wiki/WH_Group" title="WH Group">WH Group</a></li> <li><a href="/wiki/China_Resources_Beer" title="China Resources Beer">China Resources Beer</a></li> <li><a href="/wiki/Orient_Overseas_(International)_Limited" title="Orient Overseas (International) Limited">Orient Overseas (International) Limited</a></li> <li><a href="/wiki/Tingyi" class="mw-redirect" title="Tingyi">Tingyi</a></li> <li><a href="/wiki/Sinopec" title="Sinopec">Sinopec</a></li> <li><a href="/wiki/Techtronic_Industries" title="Techtronic Industries">Techtronic Industries</a></li> <li><a href="/wiki/Tencent" title="Tencent">Tencent</a></li> <li><a href="/wiki/China_Unicom" title="China Unicom">China Unicom</a></li> <li><a href="/wiki/PetroChina" title="PetroChina">PetroChina</a></li> <li><a href="/wiki/Xinyi_Glass" title="Xinyi Glass">Xinyi Glass</a></li> <li><a href="/wiki/Zhongsheng_Group" title="Zhongsheng Group">Zhongsheng Group</a></li> <li><a href="/wiki/CNOOC_Limited" title="CNOOC Limited">CNOOC Limited</a></li> <li><a href="/wiki/China_Mobile" title="China Mobile">China Mobile</a></li> <li><a href="/wiki/Xinyi_Solar" title="Xinyi Solar">Xinyi Solar</a></li> <li><a href="/wiki/Semiconductor_Manufacturing_International_Corporation" title="Semiconductor Manufacturing International Corporation">Semiconductor Manufacturing International Corporation</a></li> <li><a href="/wiki/Lenovo" title="Lenovo">Lenovo</a></li> <li><a href="/wiki/Hengan_International" title="Hengan International">Hengan International</a></li> <li><a href="/wiki/China_Shenhua_Energy" title="China Shenhua Energy">China Shenhua Energy</a></li> <li><a href="/wiki/CSPC_Pharmaceutical_Group" title="CSPC Pharmaceutical Group">CSPC Pharmaceutical Group</a></li> <li><a href="/wiki/Sinopharm_Group" title="Sinopharm Group">Sinopharm Group</a></li> <li><a href="/wiki/Sino_Biopharmaceutical_Limited" title="Sino Biopharmaceutical Limited">Sino Biopharmaceutical Limited</a></li> <li><a href="/wiki/BYD_Company" title="BYD Company">BYD Company</a></li> <li><a href="/wiki/China_Hongqiao_Group" title="China Hongqiao Group">China Hongqiao Group</a></li> <li><a href="/wiki/Xiaomi" title="Xiaomi">Xiaomi</a></li> <li><a href="/w/index.php?title=Budweiser_Brewing_Company_APAC&action=edit&redlink=1" class="new" title="Budweiser Brewing Company APAC (page does not exist)">Budweiser Brewing Company APAC</a></li> <li><a href="/wiki/Sands_China" title="Sands China">Sands China</a></li> <li><a href="/wiki/Chow_Tai_Fook" title="Chow Tai Fook">Chow Tai Fook</a></li> <li><a href="/wiki/Li_Auto" title="Li Auto">Li Auto</a></li> <li><a href="/wiki/Anta_Sports" title="Anta Sports">Anta Sports</a></li> <li><a href="/wiki/WuXi_Biologics" title="WuXi Biologics">WuXi Biologics</a></li> <li><a href="/wiki/Shenzhou_International" title="Shenzhou International">Shenzhou International</a></li> <li><a href="/wiki/Mengniu_Dairy" title="Mengniu Dairy">Mengniu Dairy</a></li> <li><a href="/wiki/Li-Ning" title="Li-Ning">Li-Ning</a></li> <li><a href="/wiki/WuXi_AppTec" title="WuXi AppTec">WuXi AppTec</a></li> <li><a href="/wiki/Sunny_Optical" title="Sunny Optical">Sunny Optical</a></li> <li><a href="/wiki/Zijin_Mining" title="Zijin Mining">Zijin Mining</a></li> <li><a href="/wiki/Meituan" title="Meituan">Meituan</a></li> <li><a href="/wiki/Hansoh_Pharmaceutical" title="Hansoh Pharmaceutical">Hansoh Pharmaceutical</a></li> <li><a href="/wiki/JD_Health" title="JD Health">JD Health</a></li> <li><a href="/wiki/Haier" title="Haier">Haier</a></li> <li><a href="/wiki/Haidilao" title="Haidilao">Haidilao</a></li> <li><a href="/wiki/JD.com" title="JD.com">JD.com</a></li> <li><a class="mw-selflink selflink">Nongfu Spring</a></li> <li><a href="/wiki/Baidu" title="Baidu">Baidu</a></li> <li><a href="/wiki/Trip.com_Group" title="Trip.com Group">Trip.com Group</a></li> <li><a href="/wiki/Alibaba_Group" title="Alibaba Group">Alibaba Group</a></li> <li><a href="/wiki/NetEase" title="NetEase">NetEase</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235" /></div><div role="navigation" class="navbox" aria-labelledby="23x15px&#124;border_&#124;alt=China&#124;link=China_Constituents_of_Hang_Seng_China_50_Index163" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231" /><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Hang_Seng_China_50_Index" title="Template:Hang Seng China 50 Index"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Hang_Seng_China_50_Index" title="Template talk:Hang Seng China 50 Index"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Hang_Seng_China_50_Index" title="Special:EditPage/Template:Hang Seng China 50 Index"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="23x15px&#124;border_&#124;alt=China&#124;link=China_Constituents_of_Hang_Seng_China_50_Index163" style="font-size:114%;margin:0 4em"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/China" title="China"><img alt="China" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/23px-Flag_of_the_People%27s_Republic_of_China.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/35px-Flag_of_the_People%27s_Republic_of_China.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/45px-Flag_of_the_People%27s_Republic_of_China.svg.png 2x" data-file-width="900" data-file-height="600" /></a></span></span> Constituents of <a href="/wiki/Hang_Seng_China_50_Index" title="Hang Seng China 50 Index">Hang Seng China 50 Index</a></div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a 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