Xiaosong Shares net profit surges over 618% year-on-year, mainly driven by increased e-cigarette sal

Xiaosong Co., Ltd. released an announcement on July 15 regarding its performance forecast for the first half of 2023, estimating a net profit attributable to shareholders of the listed company between 28 million and 33 million yuan, a year-on-year increase of 618.21% to 746.46%.

In the explanation of the reasons for the performance changes, the announcement mentioned that in the first half of the year, the company actively took measures to continuously expand domestic and international markets, promote brand awareness, and develop multi-channel business layouts. The sales of the company's health appliances and e-cigarette products both increased. Since the second quarter, the sales of the rechargeable fan series products have significantly increased due to the sustained high temperatures.