Zhong Shanshan: The low prices on the internet are destroying China’s quality and economy. NONGFU SPRING (09633.HK) absolutely will not engage in a price war.

According to reports from domestic media, the founder of NONGFU SPRING (09633.HK), Zhong Shanshan, stated that price is not just a price; it is the life of a product. The low prices of the internet are destroying the quality in China and ruining China's economy. Without the support of a pricing system, companies can only resort to backward production, Food Additives, and the ignorance of Consumers as stimulants to promote products, making Food Safety just an empty phrase. The low-price competition of the internet is both a nightmare for the Chinese economy and the Chinese industry; the impact of low prices is not just about quality, but also relates to the capability of sustainable economic development in China, as well as industrial and Technology innovation capability. He emphasized that low prices.

AASTOCKS09:37

NONGFU SPRING (09633.HK) Zhong Shanshan criticizes the four major e-commerce platforms for causing small and medium-sized businesses to lose their competitive ability.

According to domestic media reports, China’s richest person, NONGFU SPRING founder and Director Zhong Shanshan posted on his WeChat Moments, criticizing the four major e-commerce platforms for causing many small and medium-sized businesses to lose or be losing their ability to compete fairly. A vast number of job opportunities are being seized by these platforms, which he described as a meat grinder for China's economy that "has led us to lose the opportunity for economic advancement," and has resulted in increased online hostility and violence. However, he did not specifically name the four major e-commerce platforms.

AASTOCKSJan 17 16:47

Express News | CITIC International: Raises NONGFU SPRING's Target Price to HKD 39.1, prioritizing market share consolidation this year.

BreakingsJan 17 14:42

Goldman Sachs: This year, the preference for domestic demand stocks includes ANTA, Midea, NONGFU SPRING, YUM CHINA, Master Kong, Mengniu, MINISO, Giant Biotech, and Laopu Gold, among others.

Goldman Sachs released a report indicating that this year, consumers are expected to remain rational in their spending, and the recovery of consumer confidence will depend on more sustained policy support, stability in the Real Estate market, improvements in the employment market, and the recovery of economic activity. The bank predicts that corporate sales and profits may have bottomed out in the third quarter of last year or in the second half of last year, but the range of policy implementation, reversal of deflationary trends, and risks from consolidation trends and merger opportunities will all impact the overall Consumer trends this year. The bank believes that companies or Industries with structural growth opportunities are better positioned to mitigate the effects of macro fluctuations. The bank is Bullish on the outlook in the next 3 to 6 months.

AASTOCKSJan 17 11:37

Express News | Zhong Shanshan has repeatedly posted on social media, criticizing e-commerce platforms as the "meat grinder" of the economy and the "Shou Ba Pi" for small and medium-sized operators.

BreakingsJan 17 08:08

NONGFU SPRING(9633.HK):HIGHER VALUATION MULTIPLE STILL JUSTIFIED;EXPECTING SALES REBOUND IN PACKAGED DRINKING WATER SEGMENT IN 2025

Jan 16 00:00