Quick look: Over RMB 600 million booked; Chinese companies did pretty well in overseas vaping busine
Among the global one-time revenue of RMB 30.021 billion last year, how many companies occupied market share?
From Simmore's one-time annual revenue of 1.9 billion yuan to five rounds of one-time technology products that have boosted sales growth in the European region, net profit has increased by more than 235%, which shows that one-time surprises have been brought to the company's income increase.
Data shows that recently listed on the New Third Boarde-cigarette companiesFive Wheels Technology released its annual report for 2022. In 2022, it achieved operating income of 651 million yuan, a year-on-year increase of 110.66%, and net profit of 81.1964 million yuan, a year-on-year increase of 235.86%. Its total revenue in 2021 will only be 300 million yuan. In contrast, the performance in 2022 will increase significantly.
its oversease-cigarettesBusiness is good, with export revenue of 575 million yuan, an increase of more than 110%. Products are sold to Europe, America, Japan and South Korea, etc., and at the same time expand markets in Russia and other regions. Its own brand revenue is 127 million yuan, and OEM/ODM revenue is 510 million yuan.
Data shows that it is a company founded in 2011, and its main business is the research and development, production and sales of e-cigarettes and their supporting products. The main customers are Elda, AKS and other companies.
In addition, it attributed the increase in revenue to the fact that the company's disposable e-cigarettes are popular among consumers, especially sales in sales regions such as Europe continue to grow.
It said that net profit increased by more than 235% based on one-time products driving sales growth in Europe. Since 2017, private brands have been promotedVapesoulElectronic cigarettes. In 2022, it will continue to focus on overseas markets such as Europe and the United States.
(The future of China factories lies overseas)
In an industrial system, it is estimated that there are relatively few such companies that can maintain a year-on-year growth in revenue and a profit of more than 200%, bute-cigarette industryIt can bring opportunities.
Also in the 2022 annual report,jinjiaIts main e-cigarette businessJinjia TechnologyRevenue was 230 million yuan, a year-on-year increase of 40%; in Simore's 2023 results, revenue from overseas markets in the first quarter of 2023 was approximately RMB 2.512 billion, a year-on-year increase of approximately 58.2%, mainly due to low gross profit margins. The growth of one-time products and the growth of overseas "bomb replacement" products... These can be seen from one-time income, or the income from the e-cigarette business is good, especially in Europe!
The European market has brought surprises to many China companies.
In 2023, Southeast Asia will gradually face tax collection and will be more involved; Russia will soon ban tastes; regulatory blockages in the North American market, and the only European market will free up greater imagination and will be the only relatively big "opportunity point"!
For example, Europe and the UK advocate e-cigarettes. The UK plans to distribute e-cigarette kits to 1 million smokers, which is the world's first plan.
attention to the Europeane-cigarette marketFocus on CVIC's "May Super Buyers Meeting in Manchester and London, UK"!
Jinjia Technology's e-cigarette business has revenue of 230 million yuan!& nbsp;
On April 23, Jinjia recently released its "2022 Annual Report". During this reporting period, under the pressure of overall operations, the company achieved a total operating income of 5,188.643 million yuan, an increase of 2.40% over the same period last year; Net profit attributable to shareholders of listed companies was 197.3111 million yuan, a decrease of 80.65% from the same period last year.
Jinjia's 2022 annual report shows that in 2022new tobaccoIndustry revenue was 550 million yuan, a year-on-year increase of 223%. Among them, Jinjia Technology, which is mainly engaged in e-cigarette business, had revenue of 230 million yuan, a year-on-year increase of 40%; net profit was-7.3 million yuan, a year-on-year decrease of 276%. Currently, it is broadening its industrial chain and carrying out comprehensive layout at home and abroad. cultivate well-knownheating non-burningthe cartridgeBrand. Expansion of its new tobacco industry chain: Establish a production base in Indonesia to further accelerate the expansion of the heated non-burning market around the research and development, production and manufacturing, brand operation, and overseas channel construction of heated non-burning tobacco; establish an e-cigarette logistics company-Yunpu Jiahang, its main business is material management, international dedicated line logistics, trade customs, etc., and has established customs clearance channels in North America, the United Kingdom, Malaysia, New Zealand and other places; Invest in heating equipment and #p#pagination title #e#smoke oilThe company, Jiaju Electronics, expands brand operations, international development and operations, innovative products, automated equipment and large-scale production of new tobacco categories. It is understood that Jinjia sharese-cigarette brandshaveFoogoand Lono. Currently, Lono has been sold to multiple markets in Russia, the Philippines, and Malaysia. In terms of packaging business (Jinjia's main business), it has newly developed Imperial Tobacco, Philip Morris International (PMI), NJOY (the third largest e-cigarette brand in the United States) andHeyuanTechnology and other e-cigarette brands or corporate customers.
Source: Atomized New Forces Synthesis
Want to make 500 million yuan in half a year? This e-cigarette giant is a bit awesome!& nbsp;
On April 23, the "new forces of atomization" recently learned from overseas that tobacco and e-cigarette manufacturer Imperial Tobacco issued an announcement saying that the company expects its operating profit to accelerate growth in the next three years. The company's 2023 semi-annual report on new tobacco in Europe is expected to have revenue of 74 million pounds (more than 500 million yuan). It is expected that revenue from new tobacco products in the first half of the year will exceed that of the same period last year.
This shows the expectations of e-cigarette giant Imperial Tobacco for the European market this year. It also said that "the company is steadily meeting its full-year expectations." In particular, the new tobacco business will achieve strong growth in the European market. Confidence has also been shown in the capital market, with £ 523 million of the £ 1 billion share buybacks in fiscal year 2023, accounting for approximately 2.7% of the issued share capital. Imperial Tobacco also said that it has successively issued new products in the European market.e-cigarette products。It said that across all categories of Next Generation Products (NGPs), we have made progress in product and market launches. This is after verifying our new, more agile and consumer-centered approach. Our heated tobacco products Pulze and iD are now available in seven European markets. In terms of vapor e-cigarettes, we have launched our blu 2.0 products in the UK, Spain, France, the Czech Republic and Portugal. Supported by new flavor launches and marketing campaigns, our modern oral product Zone X continues to perform well. Driven by strong growth in Europe, NGP revenue is expected to exceed that of the previous period in the first half of the year, enough to offset a decline in the United States caused by uncertainty caused by myblu's marketing rejection order.
Source: Overseas Network
More than 100 companies gathered in Dongguan for exchanges in the electronic atomization industry!
On April 23, it was reported that the Dongguan Electronic Atomization Industry Exchange Conference and the inauguration ceremony of the Member Service Department of the Secretariat of the Electronic Cigarette Professional Committee of China Electronics Chamber of Commerce (Dongguan) were held in Chang 'an Town. More than 200 companies related to the electronic atomization industry from Shenzhen and Dongguan participated in the exchange meeting.
At this meeting, even Mai Yaoqin, deputy director of the Dongguan city Bureau of Industry and Information Technology, attended the event and delivered a speech, saying that 2023 is the year when the e-cigarette industry enters a new stage of legalization, standardization and normalization. Data shows that Dongguan has a good foundation for the e-cigarette industry. At present, there are 109 e-cigarette licensed enterprises in Dongguan, with an industrial scale of nearly 30 billion yuan. 95% of the world's e-cigarettes are produced in China, and more than 70% of the production capacity is in Shenzhen and Dongguan.
Source: Atomized New Forces Synthesis
Yue Shi eliminated the e-cigarette business from the former country on behalf of the No. 1 machine!
News on April 23, according to a recent company investigation, Shenzhen No. 1 Machine Operating Company has officially removed e-cigarettes from its business scope, which means that this well-known former companyyueshiNational channel merchants officially bid farewell to the e-cigarette industry in China. At the same time, changes began on April 18, and food business licenses were added.
According to the data, No. 1 machine is a company under the well-known communication channel vendor Aishide that focuses on e-cigarette wholesale and other businesses. It was once a national representative of Yueshi and helped Yueshi develop more than 5000 specialty stores, which was very popular for a time. The new e-cigarette regulations require that local tobacco companies must apply for wholesale licenses for e-cigarette wholesalers, which means that private e-cigarette wholesalers officially bid farewell to the e-cigarette wholesale business. At the same time, according to the compliance reminder letter issued by the Shenzhen regulatory authorities, companies that have not obtained an e-cigarette license need to cancel the company or change their business scope. At this point it also means that the domestic era of wholesale e-cigarettes has been comprehensively reformed.# p#pagination title #e#
Source: Atomized New Forces Synthesis
Growth data for the UK in the past 10 years!
On April 23, the British technavio agency recently predicted the growth of the British e-cigarette market in the next 10 years, saying that from US$1.023 billion in 2017 to 2027, the market size will grow at a compound annual growth rate of 12.8% from 2022 to 2027. The market size is expected to increase by US$1.37446 billion.
The analysis points out that the driving force for e-cigarettes in the future. The high availability of e-cigarettes in different distribution forms has significantly promoted the growth of the British e-cigarette market. The prominence of private brands is a key trend affecting the growth of the UK e-cigarette market. Player product innovation is another trend that may affect the growth of the UK e-cigarette market during the forecast period. The customer landscape of the UK's major e-cigarette market, including the market's adoption life cycle, covers from the innovator stage to the laggard stage. It focuses on adoption rates in different regions based on penetration rates. In addition, the report includes key procurement criteria and drivers of price sensitivity to help companies evaluate and formulate their growth strategies. The main challenge is that various health problems caused by the use of e-cigarettes are challenging the growth of the UK e-cigarette market.
Source: Overseas Network
Simor vaporeso launches European brand innovation event!
April 23 news, recently world-renowned e-cigarette brandsVAPORESSOOfficially launched the brand innovation activity "Fun with Innovation Now-VAPORESSO Shining Creative Design Competition".
The XROS 3 NANO Design Competition is scheduled to be held from April 15 to September 15 and includes various activities designed to highlight the brand's commitment to innovation. VAPORESSO also invited a number of well-known artists and influencers to showcase their unique CMFs (colors, materials and surface treatments) for the XROS 3 and XROS NANO series. The first prize is an iPad Pro.
Source: Overseas Network
ChinaBolton groupChairman: Build a good base to empower young people to start businesses and find employment!
April 23 news, recently ChinaBoltonWang Mingfan, chairman and president of the group, said that building a base will empower young people to start businesses and find employment.
Wang Mingfan said that he has been working to promote youth exchanges between Guangdong, Hong Kong and Macao. He has built a youth innovation and entrepreneurship exchange base in the company and holds various exchanges and sharing, salon lectures and other activities all year round. The next step will be to optimize the design, take points and areas, establish a sustainable display mechanism, guide the base to upgrade in a professional and refined direction, make the work of promoting youth exchanges more detailed and practical, and empower young people to start businesses and find jobs in the Greater Bay Area., work together to build a common home in the Greater Bay Area.
Source: Sina.com
Leading Vape brand Geekvape launches revolutionary VPU!
On April 23, it was reported that this technology increased the range and vapor amount of disposable e-cigarettes. Recently, as a leading e-cigarette technology company,GeekvapeLaunched a new e-cigarette technology solution: VPU. The heating element is one of the most important components of electric atomization, and its design and manufacturing quality directly affect the overall atomization quality. VPU's heat generators are calibrated using finite element analysis (FEA) combined with infrared imaging, aerosol particle size analysis, total particle mass and other advanced test methods to ensure optimal design of the heat generator and the required aerosol release to achieve high taste restoration, fine texture and consistent atomization performance. Geekvape has a leading edge in the field of heating devices such as etching heaters, non-woven fabrics, and ceramic cores, and combines its technical capabilities in the fields of simulation testing, material micro design, and device structure design.
According to the aerosol composition test results, the smoke volume of products using vpu technology increased by 23.7% compared with other products on the market under the same number of puffs. As the number of puffs increases, the aerosol release is stable and the taste continues without degradation, which means that each puff provides the user with a consistent flavor recovery. For the range and vapor amount of disposable e-cigarettes, breathable bonded non-woven fabrics can be said to be the most important. The market is full of various standards, and each manufacturer has a different adjustment pilot. Leakage and uneven penetration are the most common shortcomings of these inferior nonwovens, which will eventually lead to a very high defective rate of the product, which will not only cause serious after-sales problems, but also increase costs.# p#pagination title #e#
Source: Overseas Network
The Netherlands plans to completely ban nicotine bag products!
On April 23, statistics recently released by the Dutch State Secretary showed that about one-eighth of young people aged 12 to 19 in the Netherlands have used e-cigarette products in the past year; he will completely ban nicotine bags and promise to continue to implement a "smoking cessation campaign" to combat the appeal of tobacco products to minors. Under the Dutch Commodities Law, nicotine bags with a nicotine content exceeding 0.035 mg per bag are prohibited. Last year, NVWA conducted inspections of importers, wholesalers, social media platforms and points of sale. In particular, the violations NVWA found in tobacco shops and convenience stores. It said,"A flavoring ban on e-cigarettes has been introduced this year, and a comprehensive ban on nicotine bags will be introduced (in the future)." Oikin plans to ban nicotine pouches altogether under the Dutch Tobacco and Tobacco Products Act. He intends to regulate other non-oral nicotine products by including nicotine products in the Tobacco and Tobacco Products Act, which means that advertising for all consumer products containing nicotine will be banned in the future.
Dutch State Secretary Maarten van Ooijen posted a "Letter to Parliament on Tobacco Control Reports and Enforcement Results" on the Dutch government's official website, in which he announced the Dutch Food and Consumer Product Safety Agency (NVWA) study on the use of e-cigarettes and nicotine bag products among young people, as well as NVWA's inspection results of nicotine bag products. Oykin said he would completely ban nicotine bags in the future and promised to continue the "smoking cessation campaign." In this way, it seems that the Netherlands will be another country after Belgium officially announced a ban on the sale of nicotine bags?
Source: Overseas Network
Russian e-cigarettes are still subject to "honest label mandatory label!"
On April 23, recently Yuri Babinkov, manager of the Tobacco Department of РП А, revealed that there has been absolutely no change in terms of honest labeling, and e-cigarettes are subject to mandatory labeling.
It is reported that CRPT is a fully licensed Russian "Honest Label" company. The Russian Federation is a state-owned enterprise. On November 30, 2022, Amendment 2178 The Russian Federation Commodity Circulation Regulation Act came into effect. The tracking system for "tobacco and nicotine-containing products and nicotine-free products" has a legally binding effect. Operating and circulating such products without retrospective labels will be subject to penalties according to the circumstances of the The Russian Federation Administrative Offences Code and the Criminal Code of the The Russian Federation. quot; Honest Label "is a Russian commodity traceability system that currently covers more than a dozen categories such as tobacco, food, drugs, tires, and textiles. The system was run in 2018 and has obvious effects in commodity quality supervision. On December 15, 2022, e-cigarette nicotine-containing tobacco oil was included in the "honest label" supervision.
Source: Overseas Network
Flushing, Michigan, USA will ban the use of e-cigarettes by minors!
On April 23, recently, the Flushing City Council in the United States passed a new bill prohibiting the sale and use of e-cigarettes to minors. The law will take effect on April 30. Previously, the City Council proposed a bill to prohibit minors from owning, selling, consuming or distributing tobacco products and e-cigarette products. Today, we can see that the proposal has now been formally approved by Parliament.
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It is reported that the regulation will punish buyers and sellers, and will impose a fine of US$50 on anyone under the age of 21 who purchases, carries or uses any e-cigarette product in Flushing. The fine is increased to $100 for the second violation, while three or more violations can lead to misdemeanor charges. At the same time, anyone selling e-cigarette products to young people under the age of 21 could face misdemeanor charges that carry a maximum penalty of 93 days in prison and a $500 fine. Flushing Mayor Joe Karlicheck said the city worked with state lawmakers, Flushing Community Schools and police to develop the ordinance.
Source: Overseas Network
Northern European Estonia will raise taxes on alcohol and tobacco?
On April 23, it was reported that the new cabinet of the government that is about to take office in Estonia plans to increase the consumption tax on alcohol and tobacco, but the specific amount has not yet been announced. Estonia is a Nordic country on the east coast of the Baltic Sea, bordering Russia, Latvia and Finland. Some practitioners in the tobacco and alcohol industry believe that the government has discussed increasing taxes by 5% every year, but the increase in consumption tax will affect purchasing power and may promote trade near the border. He believes that "if Latvia does not raise tax rates and sees an increase in alcohol and tobacco taxes in our country, people will go to Latvia for this reason to consume." According to industry sources, they believe that the consumption tax will affect the entire industry. The tax currently accounts for nearly two-thirds of the price of a bottle of spirits.# p#pagination title #e#
Merlyn Sade, head of communications for the Social Democratic Party, said coalition partners had reached an agreement and the finance minister would make recommendations on specific tax rates. In November last year, Estonia Health and Labor Minister Peep Peterson told Estonia State Broadcasting Corporation (ERR) that he would take all measures to ensure that new tobacco products are reduced, including preventing the sale of disposable flavored e-cigarettes to minors.
Source: According to the Baltic Times
Do zero-nicotine e-cigarettes need PMTA?
According to the news on April 23, Zheng Zhi from Ziyuan Technology's PMTA recently said that he really does not recommend domestice-cigarette enterprisesTake advantage of this loophole. You know, the FDA's operating mechanism makes it best at plugging loopholes. If you want to make zero-nicotine e-cigarettes for a long time, it is best to put zero-nicotine products and nicotine-containing products together to make a series of products to declare PMTA. At present, known U.S. tobacco oil manufacturers often use this method when applying for PMTA. The nicotine concentration of almost every flavor of tobacco oil starts from 0 and increases in gradient. Only by doing so is the safest and long-term choice.
According to the FDA regulation "Premarket Tobacco Product Applications for Electro" issued in June 2019 and updated in March 2023nic Nicotine Delivery Systems, the definition of tobacco products is: Tobacco products are products made directly from tobacco or made from tobacco derivatives, or contain nicotine from any source, including natural or synthetic, and are intended for human consumption, including all components or accessories of tobacco products (note that raw materials other than tobacco used in the manufacture of components and accessories of tobacco products are not considered tobacco products). The term "tobacco product" does not mean that an item is a drug, or device, or combination product, or food if it does not contain nicotine, or contains no more than naturally occurring traces of nicotine. The definition of tobacco products is not limited to those containing nicotine, tobacco or tobacco derivatives, but also includes parts or accessories of tobacco products, whether the parts or accessories are for further manufacturing or for direct delivery to consumers. For example, cigarette oil used for e-cigarettes, e-cigarettes not filled with cigarette oil, emptyatomizerAs well as independent supporting batteries are all tobacco products. Whether they are sold to consumers for direct use, or processed into another product and then sold to consumers for use, they all belong to tobacco products and fall under the jurisdiction of the FDA.
Source: Overseas Network
Britain may ban Internet celebrities from promoting e-cigarettes on social video sites?
On April 23, British ministers are currently collecting evidence to understand how to prevent young people from using e-cigarettes. And after the surge in videos on TikTok and Instagram, social media influencers may be banned from promoting e-cigarettes to teenagers.
British government ministers are gathering evidence on how to eliminate e-cigarette use among teenagers after growing concerns that young people will become addicted to nicotine through these products. A ban on fruit flavorings and packaging that could appeal to children is already being considered. For example, TikTok does not allow advertisements promoting e-cigarettes or other tobacco products on its platform, but there is growing concern about widespread use of e-cigarettes by influential people. Professor Andrew Bush of the National Heart and Lung Institute at Imperial College London has urged ministers to push for a ban on colorful, attractive e-cigarette packaging.
Source: Overseas Network
Eleven e-cigarette groups in Malaysia oppose the proposal!
On April 23, a total of 11 e-cigarette industry participants in Malaysia recently expressed their opposition to the E-Cigarette End of Generation Plan (GEG) bill recommended by the Malaysian Ministry of Health (KKM). The bill prohibits anyone born after 2007 from using tobacco and e-cigarette products.
Through a joint statement, participants in the e-cigarette industry said the government should not take tough action to ban the product because it is now widely used, but a more moderate approach is needed to deal with the matter. The joint statement consists of the following representatives: Datuk Adzwan Ab Manas, Chairman of the Electronic Cigarette Equipment and Liquids Retail Association (MRECA); Shariffuddin Bujang, Managing Director of NSTY Worldwide Sdn Bhd; Zachary Oh, Managing Director of Vape Empire Distribution Sdn Bhd; Ridhwan Rosli, Secretary-General of the Malaysian Vape Chamber of Commerce (DPVM); Redzuan Rahim, Managing Director of Bangsawan Distribution Sdn Bhd; Mohd Sabri Ismail, Chairman of the Malaysian Electronic Cigarette Traders Association (PPVM); Chairman of the Malaysian Electronic Cigarette Industry Advocacy Group (MVIA);Rizani Zakaria and Gadget Unio#p#paginated title #e#nJames Tan, Managing Director, Distribution; Shamsul Bahri Ismail, Director, The Vape69 Sdn Bhd; Mohd Fi, Managing Director, VV Venture Sdn BhdRDAus; Md Sani Md Shah, Chairman of Negersembilan State's Latest Welfare Agency. Last week, Deputy Minister of Health (Lukanisman Awang Sauni) and Ministry of Health officials held a meeting with representatives of local industry participants to discuss e-cigarette regulation and taxation issues after the exclusion of nicotine-containing e-cigarette liquids from the Poisons Act.
Source: Overseas Network
Japan Tobacco plans to invest more than US$2 billion to cover 20 countries!
On April 23, it was reported that Japan Tobacco recently plans to invest more than US$2 billion to promote the heating and non-burning product Ploom X in 20 countries by 2024, and is expected to turn a profit in 2028.
It is reported that Japan Tobacco (JTI) will invest 300 billion yen (approximately US$2.25 billion) in the next three years to promote its heating and non-burning product Ploom X, of which 200 billion yen (approximately US$1.5 billion) will be used in markets outside Japan. Masamichi Terabatake, president of JTI, said in an interview that most of the investment will be used as the initial cost of entering new markets. Data show that Japan Tobacco (JTI) achieved a total revenue of 2.66 trillion yen (approximately US$19.938 billion) in 2022, a year-on-year increase of 14.3%. Sales of its heated tobacco products have doubled, and market share in Europe and Southeast Asia has increased.
Source: Overseas Network
Shutters are installed on shelves in e-cigarette shops after Russia's new ban!
On April 23, according to the disclosure of some Russian shop owners, according to sellers, with the passage of the law, all tobacco has been covered here (which has long been stipulated by law), as has liquids, and the various e-cigarettes and components in the open display cabinet will simply be moved to another place so that they are invisible. E-cigarette products also have to be covered with shutters on the shelves. At the same time, Vapes lying in glass display cases will be hidden from tourists.
Because according to the seller, buyers will mix their own, it is likely that there will be no problems selling via the Internet. Interlocutors assumed that liquids, e-cigarettes, disposable cigarettes and accessories would now become blurred on store websites, as hookah products have done-they can no longer be publicly displayed and promoted.
Source: Overseas Network
The two major electronic cigarette associations in the UK also called for support from China manufacturers!
On April 23, it was reported that recently after the British Electronic Cigarette Association (UKVIA), the British Independent Electronic Cigarette Association (IBVTA) also called for the problem of illegal e-cigarettes at the manufacturing end, and China's support is urgently needed. Gillian Golden, CEO of IBVTA, believes that the "excessive tobacco oil" incident will cause consumers and legal merchants to lose confidence in the e-cigarette industry, and said that the support of China manufacturers is urgently needed to prevent illegal products from flowing to the market. At the same time, she believes that the frequent occurrence of phenomena has caused consumers and legal businesses to lose confidence in the e-cigarette industry.
She said the support of China producers was badly needed to prevent overfilled and mislabeled e-cigarettes from reaching the market. Many of these products are clearly designed to attract people under the legal purchasing age. Jilian believes that products imported into the UK illegally do pose risks to the sales of legal products. She believes that e-cigarette manufacturers and brands from China do have a chance to succeed in the UK market, but only if "they are willing to prove that they are working hard to adapt their products to the requirements of the UK market and solve the problem of importing illegal e-cigarette products into the UK." It is understood that at the same time, IBVTA has also recently responded to the government's new world's first "replacement" plan announced by the Minister of Public Health. Currently in the UK, a large number of large grocery stores and designated convenience store chains now sell vape products, as well as thousands of dedicated vape stores.
Source: Overseas Network
Is Quebec, Canada planning to ban flavors?
On April 23, the Quebec government recently issued the Quebec Official Gazette, proposing to ban flavored nicotine e-cigarette products other than tobacco flavors. It may affect more than 400 e-cigarette stores.
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At the same time, the communiqué also recommended that the volume of pre-filled equipment be limited to 2mL and the volume of refilled containers be limited to 30mL. In addition, the draft regulations limit nicotine concentrations to 20 mg/ml and ban the use of any form, appearance or function that may be attractive to minors, both of which are already regulated by the federal government. In the proposed regulations, the Quebec government recognizes that professional e-cigarette stores will close and lay off workers, while convenience stores selling tobacco companies 'own brands will have less impact on sales. Canada has seen through Nova Scotia that specialty industries have been hit hard in the 90 days after the flavor ban was issued. Quebec will experience thousands of business closures, unemployment, breakdown of lease agreements and termination of contracts with third-party suppliers. However, the Canadian Electronic Cigarette Association (CVA) is dissatisfied with the proposed regulations, and the association and industry advocates have clearly outlined the negative impact of such policies on the Quebec government.
Source: Overseas Network
Malaysia's 10 "Bangi Declaration" on e-cigarettes?
On April 23, a group of well-known health experts in Malaysia recently issued a "Bangi Declaration", outlining 10 key recommendations to strengthen the country's tobacco and e-cigarette control measures. That is: 1. Immediately review the government's decision to remove nicotine from the Poisons Act of 1952 until the Public Health Act of 2023 is passed to Control Smoking Products. 2. In accordance with the recommendations of the World Health Organization, an effective minimum tax rate of 65% will be imposed on all tobacco products, especially cigarettes. 3. Implement tax, price supervision and marketing controls on all e-cigarette liquids similar to tobacco and cigarettes, and set the maximum nicotine concentration allowed on the market based on the nicotine content (mg/ml). Ensure that the country is committed to achieving the World Health Organization's recommended "end of tobacco" goal of smoking below 5% by 2040. 5. Combat corruption and border smuggling to solve the problem of smuggling tobacco products, including e-cigarettes. 6. Implement special licenses for e-cigarette establishments and sellers, and prohibit the sale of e-cigarettes within a 5-kilometer radius of all educational institutions and residential areas. Provide a special grant for research on e-cigarettes open to all public and private institutions, including its health, economic and social impacts, especially on women and children. 7. In order to reduce the harm of traditional cigarettes, ensure the effectiveness and safety of e-cigarettes before registration with the National Drug Administration (NPRA). 8. Ensure that the interests and child-friendly practices of women and families are always upheld and protected from the use of cigarettes and e-cigarettes. 9. Promulgate a fatwa declaring that all tobacco products, including cigarettes and e-cigarettes, are listed as haram by the National Fatwa Council and enforced in all states.
It can be seen that some groups in Southeast Asia and Malaysia are resentful of the tax collection on e-cigarettes and believe that they need to increase control on e-cigarettes. Including controlling nicotine content and implementing special licenses for e-cigarette venues and sellers.
Source: Overseas Network
South Korea abandons its decision to impose a possible tax increase on heated and unburned tobacco products!
On April 23, just two days after South Korea's Finance Minister hinted that a parliamentary hearing might be held, the South Korean government abandoned its decision to raise taxes on heated tobacco products.
The Ministry of Finance said in a statement: The government is not currently considering raising tobacco taxes. Industry observers point out that the government is unlikely to increase taxes on popular cigarette products, especially before next April's election. Data show that in 2022, the number of tobacco products sold in South Korea will reach 3.63 billion pieces, an increase of 1.1% from 3.59 billion bags in 2020. However, the total tax imposed on all tobacco products dropped from 12 trillion won in 2019 to 11.8 trillion won in 2022. In 2022, a total of 540 million packs of non-combustible cigarettes were sold, up from 380 million packs in 2020. In December 2022, the South Korean National Assembly agreed to reduce corporate tax by 1 percentage point. That's good, but raising (tobacco taxes) this year is ridiculous. It is reported that South Korea is currentlyHNBThe cigarette bomb tax is levied at 3004 won (contract RMB 15.63), which is 90.4% of the tax rate on ordinary cigarette products. The unit consumption price of ordinary tobacco products and HNB cigarettes is approximately 4500 won (contract RMB 23.34).
Source: Overseas Network
4 million yuan of e-cigarettes without "honesty label" were investigated in Russia!# p#pagination title #e#
On April 23, it was recently learned from the Russian Nicotine Alliance that Nizhny Novgorod Oblast, Russia, had seized a batch of imported tobacco products without an "honest label". The products involved were valued at 50 million rubles (approximately RMB 4.22 million). It is reported that customs officers seized a total of 74000 independent packages, including e-cigarette oil, tobacco products, hookah mixtures, etc.
According to relevant regulations of the Russian government department, starting from March 1, trading activities engaged in wholesale and import of e-cigarettes will need to upload retail information of relevant products to the Honest Label System. Starting from April 1, Russia's policy buffer period for enforcing honest labels at wholesale ends. By then, unlabeled e-cigarette products will not be able to pass through Russian customs.
Source: Overseas Network
Occupy Europe, Italy? Philip Morris International's new cigarettes continue to grow users!
April 23 news, Philip Morris International (PMI) recently announced its first quarter 2023 results. Its net operating income for the first quarter of 2023 was US$8 billion, a year-on-year increase of 3.5%. Net income from smoke-free products increased 14.5% to US$2.8 billion. The company's operating profit for the quarter was $2.7 billion, a year-on-year decline of 17.2%.
According to its first-quarter results, approximately 25.8 million users (72%) have switched to IQOS and stopped smoking. Its ILUMNA product has nearly 10 million users and will launch this product in South Korea and Italy, and launch the IQOS Club in Indonesia. It is reported that IQOS HTU is currently the largest nicotine brand in Italy and Greece.
Source: Overseas Network
