农夫山泉2025年度报告

（於中華人民共和國註冊成立的股份有限公司）(A joint stock company incorporated in the People’s Republic of China with limited liability) 股份代號Stock Code : 9633 2025年度報告ANNUAL REPORT 公司簡介COMPANY PROFILE Established in 1996, Nongfu Spring Co., Ltd. is a leader in thepackaged drinking water and beverage industry in the PRC. Ourmajor products include packaged drinking water, tea beverage,functional beverage, juice beverage and agricultural products. TheCompany was transformed from a limited liability company into ajoint stock company with limited liabilities in June 2001 and listed onthe Main Board of the Hong Kong Stock Exchange in September2020 (stock code: 9633. HK). 199620016202099633.HK We believe in offering natural and healthy products and insist onusing high quality raw materials. All of our packaged drinking waterproducts are sourced from quality natural water sources. Wepossess industry-leading equipment, manufacturing capabilities,strong supply chain management capabilities and rigorous qualityassurance systems. We have established dual growth engines, packaged drinking waterand beverage and set up a nationwide sales network covering allprovinces, municipalities and prefecture-level administrative divisionsacross China. We implement a multi-brand strategy, have long-termvisions for our brands and strong brand communication capabilities,and have built a super brand in the PRC soft beverage market. 釋義DEFINITIONS 公司資料CORPORATE INFORMATION SHARE LISTING The Stock Exchange of Hong Kong Limited(Stock Code: 9633) 9633 LISTING DATESeptember 8, 2020 202098 REGISTERED OFFICE AND HEAD OFFICE 181 No.181 GeyazhuangXihu DistrictHangzhou, ZhejiangPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG Room F, 6/F, CNT Tower338 Hennessy RoadWan ChaiHong Kong 3386F COMPANY’S WEBSITEwww.nongfuspring.com www.nongfuspring.com BOARD OF DIRECTORS EXECUTIVE DIRECTORS Mr. Zhong Shanshan(Chairman and General Manager)Ms. Wu LiminMr. Xiang XiansongMr. Rao MinghongMs. Han Linyou NON-EXECUTIVE DIRECTORMr. Zhong Shu Zi Zhong Shu Zi INDEPENDENT NON-EXECUTIVE DIRECTORS Stanley Yi Chang20253172025520 Mr. Stanley Yi Chang(resigned on March 17, 2025)Mr. Yang, Lei BobMr. Lu YuanMr. Gu Zhaoyang(appointed on May 20, 2025) SUPERVISOR COMMITTEE 202552020255202025520晗2025520 Ms. Yu Minyu (Chairman, resigned on May 20, 2025)Mr. Liu Xiyue (resigned on May 20, 2025)Mr. Jiang XiaodongMs. Wang Yuan (Chairman, appointed on May 20, 2025)Ms. Fan Jinghan (appointed on May 20, 2025) COMPANY SECRETARY Ms. Han Linyou AUDIT COMMITTEE Mr. Stanley Yi Chang(Chairman, resigned on March 17, 2025)Mr. Gu Zhaoyang(Chairman, appointed on May 20, 2025)Mr. Yang, Lei BobMr. Lu Yuan Stanley Yi Chang20253172025520 REMUNERATION COMMITTEE Mr. Lu Yuan(Chairman)Mr. Zhong ShanshanMr. Yang, Lei Bob NOMINATION COMMITTEE 20255202025520Stanley Yi Chang20253172025520 Mr. Zhong Shanshan (Chairman, resigned on May 20, 2025)Mr. Yang, Lei Bob (Chairman, appointed on May 20, 2025)Mr. Lu YuanMr. Stanley Yi Chang(resigned on March 17, 2025)Ms. Han Linyou (appointed on May 20, 2025) AUTHORISED REPRESENTATIVES Ms. Han LinyouMs. Wu Limin PRINCIPAL BANKERS Industrial and Commercial Bank of China Hangzhou Yangbatou BranchAgricultural Bank of China Hangzhou BranchBank of China Zhejiang BranchChina Construction Bank Zhijiang BranchChina Everbright Bank Hangzhou Branch HONG KONG LEGAL ADVISOR Eric Chow & Co. in Association with Commerce & Finance Law Offices3401 Alexandra House18 Chater RoadCentralHong Kong 183401 PRC LEGAL ADVISOR 77334 Jingtian & Gongcheng34th Floor, Tower 3, China Central Place77 Jianguo RoadChaoyang DistrictBeijingPRC OVERSEAS AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s Road, Quarry BayHong Kong DOMESTIC AUDITOR 117 Ernst & Young Hua Ming LLPLevel 17, Ernst & Young Tower, Oriental PlazaNo. 1 East Chang’an AvenueDongcheng DistrictBeijingPRC H SHARE REGISTRAR H 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWan ChaiHong Kong 財務摘要FINANCIAL HIGHLIGHTS 董事長致辭CHAIRMAN’S STATEMENT Dear shareholders, In 2025, the Group recorded a total revenue of RMB52,553 million,exceeding RMB50 billion for the first time, representing an increaseof 22.5% as compared to 2024. Profit attributable to the owners ofthe parent also reached RMB15,868 million, representing an increaseof 30.9% as compared to 2024 (RMB15,999 million after deductingone-time non-operating gains and losses). We would like to take thisopportunity to extend our gratitude to all employees and partners fortheir joint efforts. We also congratulate our new management team,which has withstood the test of defamation and has been growingincreasingly mature. 202550052,553202422.5%15,868202430.9%15,999 In light of the Group’s operations in 2025, the Board will recommendthe distribution of a final cash dividend of RMB0.99 per share forth