Capital, Earnings & M&A
Nongfu Spring: Sweet, Salty, Offensive, and Defensive
Nongfu Spring, a beverage company with profitability and return on investment surpassing peers like Master Kong and Uni-President, and outperforming Yili and Mengniu, is arguably China's most promising candidate to become a soft drink giant akin to Coca-Cola. Since its listing, its stock price has soared without correction, pushing its market value toward 500 billion yuan, with its founder becoming the new richest person in China.
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