Vaping R&D Manufacturer Smoore Posted RMB 780 Million Net Profit in 2018 and Will Delist for Another
Vaping R&D manufacturer Smoore posted RMB 780 million in net profit in 2018 and will delist to move to another exchange. According to reports on March 29, Smoore, a Shenzhen-based vaping R&D company listed on the NEEQ, released an earnings forecast showin
E-cigarette R&D manufacturer Smoore posted a net profit of RMB 780 million in 2018 and will delist to move to another exchange
On March 29, according to reports from Blue Hole New Consumption, on March 29, the New Third Board listed company and Shenzhen e-cigarette R&D manufacturer Smoore announced its performance forecast, stating that its net profit for the entire year of 2018 is expected to be between 780 million and 785 million RMB, a year-on-year increase of 255%, compared to 220 million RMB in 2017.
Smoore stated that the continuous investment in R&D and products has received positive feedback from ODM users, leading to good market responses and driving performance growth, while the influence of its own brand has further expanded, resulting in sustained sales growth.
Smoore's main business includes the R&D, production, and sales of e-cigarettes. It primarily focuses on the R&D and sales of key components for electronic vaporizers, the R&D and sales of electronic vaporizers, and e-cigarette R&D and consulting services. This includes two major segments: ODM (Original Design Manufacturing) and APV (Advanced Personal Vaporizer).
Smoore also announced on March 25 that, for capital and business development considerations, the company will delist from the New Third Board and move to another exchange, pending approval from the National Equities Exchange and Quotations.
Smoore's market value on the New Third Board is 8 billion RMB, with a net profit exceeding 400 million RMB in the third quarter. If viewed from the A-share market perspective, this is already an excellent company. The actual controller is Chen Zhiping, who holds 39% of the shares. The second-largest shareholder is Yiwei Lithium Energy, holding 37.55%.
Blue Hole has learned from sources that Smoore may choose to list on the Hong Kong Stock Exchange.
On March 29, according to reports from Blue Hole New Consumption, on March 29, the New Third Board listed company and Shenzhen e-cigarette R&D manufacturer Smoore announced its performance forecast, stating that its net profit for the entire year of 2018 is expected to be between 780 million and 785 million RMB, a year-on-year increase of 255%, compared to 220 million RMB in 2017.
Smoore stated that the continuous investment in R&D and products has received positive feedback from ODM users, leading to good market responses and driving performance growth, while the influence of its own brand has further expanded, resulting in sustained sales growth.
Smoore's main business includes the R&D, production, and sales of e-cigarettes. It primarily focuses on the R&D and sales of key components for electronic vaporizers, the R&D and sales of electronic vaporizers, and e-cigarette R&D and consulting services. This includes two major segments: ODM (Original Design Manufacturing) and APV (Advanced Personal Vaporizer).
Smoore also announced on March 25 that, for capital and business development considerations, the company will delist from the New Third Board and move to another exchange, pending approval from the National Equities Exchange and Quotations.
Smoore's market value on the New Third Board is 8 billion RMB, with a net profit exceeding 400 million RMB in the third quarter. If viewed from the A-share market perspective, this is already an excellent company. The actual controller is Chen Zhiping, who holds 39% of the shares. The second-largest shareholder is Yiwei Lithium Energy, holding 37.55%.
Blue Hole has learned from sources that Smoore may choose to list on the Hong Kong Stock Exchange.
