)
Visual
test
Smoore International
Smoore International (6969) investor relations material
Smoore International H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary21 Aug, 2025
Executive summary
Revenue increased 18.3% year-over-year to RMB6,013 million in 2025 H1, driven by recovery in vaping, expansion in HNB, and regulatory shifts favoring compliant products.
Net profit declined 28.0% year-over-year to RMB492 million, mainly due to higher share-based payment, legal/compliance, and market development expenses.
Adjusted net profit (excluding share-based payments) was RMB737 million, down 2.1% year-over-year.
Strategic support for a key customer's HNB product launch in Japan marked a milestone, with strong early market feedback.
Continued investment in emerging businesses such as inhalation therapy and beauty atomization.
Financial highlights
Gross profit grew 16.6% year-over-year to RMB2,244 million, but gross margin slightly decreased by 0.5 percentage points to 37.3%.
Distribution and selling expenses increased 31.2% year-over-year, mainly due to expanded marketing for self-branded products.
Administrative expenses rose 79.7% year-over-year, driven by share-based payments and legal/compliance costs.
R&D expenses decreased 4.9% year-over-year, now 12.0% of revenue, with a focus shift to HNB and inhalation therapy.
Cash and cash equivalents stood at RMB5,212 million; current ratio was 336.7%; asset-liability ratio improved to 17.9%.
Outlook and guidance
Recovery trend supported by regulatory enforcement, launch of compliant products, and strategic customer launches in key markets.
Nationwide HNB product launch in Japan planned for September 2025, with further expansion into key markets.
Continued investment in compliant, innovative products and further development of inhalation therapy and beauty atomization businesses.
Focus on R&D, operational efficiency, and sustainable development to drive long-term growth.
Cost of regulatory compliance efforts?
HNB product rollout schedule for 2H 2025?
Strategic investments impacting period profit?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income.
Next Smoore International earnings date
H2 202517 Mar, 2026
Smoore International
Next Smoore International earnings date
H2 202517 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Smoore International Holdings Limited is a China-based company specializing in the research, design, manufacturing, and sale of vaping devices and components. The company provides advanced atomization technology solutions for personal vaporizers, catering to both consumer and business markets. Its offerings include open-system vaping devices, closed-system vaping devices, and atomization-related accessories. The company is headquartered in Shenzhen, China, and its shares are listed on the Hong Kong Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage