Understanding the Market | SMOORE INTL Surges Over 4% as the E-cigarette Industry Faces New Regulations, Expected to Promote Orderly and Regulated Market Development

SMOORE INTL is now up more than 4%, as of the time of publication, it is up 4.04% to HKD 9.27, with a turnover of HKD 51.711 million. On the news front, on September 2nd, the State Tobacco Monopoly Administration issued the revised "Regulations on the Management of Electronic Cigarette Transactions." TF Securities pointed out that the mechanism for electronic cigarette product pricing mainly regulated by the market is conducive to the profitability improvement of electronic cigarette companies; at the same time, the country further strengthens the management of electronic cigarette transactions, safeguards the legitimate rights and interests of market entities in the electronic cigarette market, and is expected to promote the orderly and standardized development of the market, benefiting leading companies in the industry. Huaan Securities believes that under the trend of increasingly strict global regulations, industry concentration will accelerate, and SMOORE INTL relies on compliance capabilities, leading technological advantages, a healthy customer structure, and an open and flexible business model, highlighting competitive barriers, with the potential to continue to increase market share. In addition, the company's layout in atomization medical/beauty/HNB and other businesses is expected to gradually enter a stage of volume expansion, providing new performance increments