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Highlights: On August 27, Phuket Governor Narong Woonciew met with representatives from the Action on Smoking and Health Foundation and Phuket Smoke-Free News at the Royal Phuket City Hotel to discuss the issue.
Highlights: On August 27, Yinghe Technology released its 2023 interim report, showing revenue of RMB 4.801 billion, up 3.84% year on year. Net profit attributable to shareholders of the listed company reached RMB 290 million.
Highlights: On August 27, the Vietnam Chamber of Commerce and Industry (VCCI) said most vaping products sold in Vietnam are smuggled and that there is no strict legal framework to regulate them.
Highlights: On August 27, reports said four chain retailers in Mexico were allowed to sell vaping products. According to Mexican media, legal protection driven by businesses enabled chains including Sanborns to proceed with sales.
Highlights: On August 27, Jincheng Pharmaceutical released its 2023 interim report, saying it recorded revenue of RMB 1.705 billion, down 7.91% year on year, while net profit attributable to shareholders reached RMB 100 million.
Key point: Reportedly, a leader of the Vietnam Chamber of Commerce and Industry said that most vaping products sold in Vietnam are smuggled, and there is still no strict legal framework to regulate them.
Key point: On August 25, Yinghe Technology (300457) released its 2023 interim report, showing that revenue from its vaping business reached RMB 1.433 billion, up 1477% year-on-year.
Key point: On August 27, New Zealand Health Minister Ayesha Verrall announced that new regulations aimed at curbing youth vaping have been confirmed and will take effect this September.
Key point: On August 27, CVIC found while promoting and distributing CVIC VAPE in Indonesia that one local distributor with 24 stores sells more than 100 bottles of e-liquid per month. One of the stores is GARUDA.
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.
Key point: On August 27, Hany Aman, CEO of Eastern Company, Egypt’s largest cigarette manufacturer, said Egyptians consume about 100 billion cigarettes annually.
Key point: On August 27, the Malaysian Vape Chamber of Commerce (MVCC) released the 2023 Malaysia Vaping Industry Study, which shows that as more smokers switch products, the market continues to expand.