Nongfu Spring

Nongfu Spring company was founded on September 26, 1996.

In 1997, Nongfu Spring launched its first packaged drinking water product sourced from Zhejiang Thousand-Island Lake, marking a significant milestone in the company's history.

In 1998, Nongfu Spring introduced its initial water products to the market.

In 1999, the company announced a significant shift in focus from selling purified water to mineral water, claiming the former had no health benefits. This decision resulted in an immediate increase in sales.

Nongfu Spring became a joint stock company in 2001.

In 2003, Nongfu Spring released the world’s pioneering fruit juice beverage containing fruit grains, marking a significant milestone in the beverage industry.

In 2008, Nongfu Spring launched Shuirong C100 water-soluble vitamin C drinks, catering to consumers looking for functional beverages.

Nongfu Spring introduced the Victory Vitamin Water beverage in 2010, adding to its portfolio of functional and flavored water products.

By 2011, Nongfu Spring had achieved significant growth, generating revenue of 10 billion yuan.

In 2012, Nongfu Springs natural water became the most popular bottled water in China, according to Nielsen research data.

On April 10, 2013, the Beijing Times accused Nongfu Spring of not adopting Chinese national water standards and instead using lower standards from Zhejiang province, leading to a legal dispute between the company and the newspaper.

In 2014, Nongfu Spring entered the fruit market with the launch of 17.5° Oranges, expanding its product range to include fruit-based offerings.

The Chairman of Nongfu Spring, a bottled water company, is aiming to expand and enter the global market. The company is seeking to diversify its products and reach a wider international audience.

In June 2017, a Nongfu Spring factory was opened in Baishan, China. The factory is part of the operations of the bottled water company.

In 2018, Nongfu Spring's bottles were featured in an exhibition called 'Nongfu Spring Market' by activist Nut Brother, shedding light on pollution issues in rural villages.

In 2019, Nongfu Spring made its debut in the coffee market by introducing the TanBing range of coffee products.

The company announced a decrease in revenue and net profit for the three months ending March 31, 2020, compared to the same period in 2019, attributing it to the impact of the COVID-19 pandemic.

Zhong Shanshan, the founder of Nongfu Spring, briefly became the richest person in China after the company's IPO in Hong Kong. With 84.4% ownership of the bottled water giant, Zhong's wealth surged on paper, surpassing other prominent Chinese billionaires like Pony Ma and Jack Ma.

Zhong Shanshan, the founder of Nongfu Spring, became Asia's richest man with a net worth of $85 billion following the success of his company's stock listings.

On July 4, 2022, Nongfu Spring, a major Chinese food processing company, was established.

On December 3, 2023, Nongfu Spring underwent modifications in its operations or structure.

The article about Nongfu Spring was modified and updated on March 2, 2024, ensuring the information provided is current and relevant.