Nongfu Spring Co. Ltd., formerly known as “Zhejiang Thousand Island Lake Yangshengtang Drinking Water Co., Ltd.”, is headquartered in Hangzhou, Zhejiang Province, holding company of Yangshengtang.
Founded on September 26, 1996 , Nongfu Spring is China’s largest packaging water supplier, holding the number one spot for market share and is one of the top 20 beverage companies in China.
According to the Frost & Sullivan report, from 2012 to 2019, Nongfu Spring maintained the number one market share of China's packaged drinking water market for eight consecutive years.
In terms of retail sales in 2019, Nongfu Spring ranks among the top three in the Chinese market for tea beverages, functional beverages and juice beverages. According to reuters.com, Nongfu Spring is the best-selling bottled water in China, with a market share of 26.5% in 2018 and 24 billion yuan ($3.40 billion) in revenue in 2019
Since its foundation, Nongfu Spring has strictly adhered to a “natural and healthy” philosophy, never using tap water and never adding artificial minerals to its drinking water.
In order to ensure a continuous supply of high-quality natural water, Nongfu Spring has a unique strategic vision and prospectively lays out ten scarce high-quality natural water sources in China, laying the foundation and ability to provide consumers with long-term natural health services and form long-term Stable competitive advantage.
According to reuters.com and nongfuspring.com