Nongfu Spring (simplified Chinese: 农夫山泉; traditional Chinese: 農夫山泉; pinyin: Nóngfū Shānquán; lit. 'Farmer Spring') is a Chinese bottled water and beverage company headquartered in Xihu District, Hangzhou, Zhejiang province. It is owned and chaired by founder Zhong ShanshanAs reported by Reuters, Nongfu Spring filed an initial public offering with the Hong Kong Stock Exchange. The company raised approximately US$1bn by pricing its IPO at the HKD21.50/share, at the top end of its IPO range. As set out in it its prospectus, the company recorded revenue of 24 billion yuan (US$3.4 billion) in revenue in 2019, up from 20.47 billion yuan a year earlier. The prospectus shows Nongfu Spring recorded profit of 4.95 billion yuan in 2019, a 20.6% increase on its 3.61 billion yuan profit the previous year.
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