SKE Parent Company Yinghe Technology: First-Half E-cigarette Revenue Reached RMB 1.433 Billion, Up Y

Yinghe Technology released its 2023 semi-annual report, showing that the company's operating revenue was 4.801 billion yuan, a year-on-year increase of 3.84%. The net profit attributable to shareholders of the listed company was 298 million yuan, up 12.81% year-on-year. The net profit attributable to shareholders after deducting non-recurring gains and losses was 263 million yuan, an increase of 0.54% year-on-year. The basic earnings per share were 0.46 yuan. Revenue from the e-cigarette business reached 1.433 billion yuan, a year-on-year increase of 1477.33%.

[Two Supremes News] On August 25, Yinghe Technology released its 2023 semi-annual report, indicating that the company's operating revenue was 4.801 billion yuan, a year-on-year increase of 3.84%. The net profit attributable to shareholders of the listed company was 298 million yuan, up 12.81% year-on-year. The net profit attributable to shareholders after deducting non-recurring gains and losses was 263 million yuan, an increase of 0.54% year-on-year. The basic earnings per share were 0.46 yuan. Revenue from the e-cigarette business reached 1.433 billion yuan, a year-on-year increase of 1477.33%, with an operating profit of 485 million and a net profit of 417 million.

Financial data | Source: Yinghe Technology

The report mentioned that the company's subsidiary, Shenzhen SKE Technology Co., Ltd., is engaged in the e-cigarette business, primarily focusing on brand operations, providing customers with e-cigarettes, tobacco sticks, atomizers, and other e-cigarette accessories. Under the guidance of new regulations in the domestic e-cigarette industry, SKE has obtained the "Tobacco Monopoly Production Enterprise License" issued by the National Tobacco Monopoly Administration and has been vigorously developing its own brand business and actively expanding into overseas markets since 2022. 

The report also noted that to further seize opportunities in the European market and quickly respond to customer service needs, the company's board has approved the establishment of a wholly-owned subsidiary in the UK, gradually achieving the goal of "based in the UK, radiating to Europe," enabling quick responses to pre-sales and after-sales service needs of e-cigarette business customers.

Financial data | Source: Yinghe Technology

Financial data | Source: Yinghe Technology

References:

[1] 2023 Semi-Annual Report