Key point: On August 27, Smoore released its second-quarter financial information. The report showed that Smoore’s revenue for the first half of 2023 was RMB 5.123 billion, down 9.4% year-on-year.
On August 27, Smoore released its second-quarter financial information, showing that the company's revenue for the first half of 2023 was RMB 5.123 billion, a decrease of 9.4% compared to last year, with an adjusted net profit of RMB 758 million. The gross profit for the first half of 2023 was RMB 1.8553 billion, down 31.4% year-on-year.According to Smoore's second-quarter financial report, the company's revenue for the first half of 2023 was RMB 5.123 billion, a decrease of 9.4% compared to last year, with an adjusted net profit of RMB 758 million. The gross profit for the first half of 2023 was RMB 1.8553 billion, down 31.4% year-on-year. Revenue from overseas markets was RMB 5.061 billion, an increase of 28% year-on-year. Revenue from enterprise clients (ODM) was RMB 4.474 billion, accounting for 87.3% of total revenue, with overseas market revenue rising by 30% year-on-year. In the U.S. market, revenue accounted for 40.2%, an increase of 27.7% year-on-year. Additionally, revenue in Europe and other markets grew by 32% year-on-year. Notably, disposable products achieved rapid large-scale shipments, with year-on-year revenue growth reaching 369%.
