Recently, China Boton Group Limited (3318.HK) released its 2024 mid-year performance report.
- In terms of revenue and profit, the company achieved revenue of 751 million yuan in the first half of 2024, a year-on-year decrease of 6.7%. It achieved a net profit from continuing operations of 63 million yuan, a year-on-year decrease of 24.7%.
- At the business level, during the reporting period, the revenue from sales of e-cigarettes and accessories was approximately 256.1 million yuan, a decrease of 21.6% compared to the previous year.
- During the reporting period, the proportion of e-cigarette product revenue decreased from 40.6% in the same period last year to 34.1% this year.
- At the same time, the company's flavors, food flavors, and daily use flavors businesses all saw steady growth, with increases of 0.7%, 3.4%, and 12.3% respectively compared to the previous year.
The company stated that the decrease in revenue from e-cigarette products was due to intense competition in the Chinese e-cigarette market. The company plans to launch new products in the second half of this year, which may help the e-cigarette product business return to normal growth momentum in the coming quarters of this year.
Furthermore, the company mentioned that it will implement new strategies in the second half of the year, including corporate restructuring, reforming the marketing team, and establishing a new product brand promotion team to address the new market era in the e-cigarette industry.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
