Since the beginning of this year, competition in China's packaged water industry eased YoY, according to Huatai Securities' research report. After the impact of public opinion event dissipated, NONGFU SPRING (09633.HK) +1.750 (+3.898%) Short selling $75.77M; Ratio 17.475% regained its market share. This year, the competition in the sugar-free tea market remained fierce, but its brand Oriental Leaf Tea actively participated in the competition through the RMB1 campaign, slightly increasing its market share at a high level. Related NewsCLSA: Wahaha's Inheritance Dispute May Benefit NONGFU SPRING & CR BEVERAGEIn terms of new products, the company enhanced its investment in NFC juice, and has collaborated with emerging channels such as Sam's Club and Pangdonglai, meanwhile launching new iced tea products.Therefore, the broker rated NONGFU SPRING at Buy, and elevated its target price from $42.5 to $53.59. It also raised its 2025-2027 EPS forecasts by 4% to RMB1.29/ RMB1.45/ RMB1.59. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.)