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China's Nongfu Spring sees shares fall over 12% after beverages maker posts decline in profit growth

CNBC
Summary
Nutrition label

85% Informative

China 's largest bottled water producer Nongfu Spring posts sharp slowdown in profit growth.

Company's net income grew 8% year on year to 6.24 billion yuan ( $876 million ) in the first half of the year .

Increased competition and an online backlash and "malicious defamation" affected sales, company says.

Company said it would "firmly take legal actions" against corporations who have "slandered" the brand.

VR Score

90

Informative language

92

Neutral language

36

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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