Decline in Sales of E-cigarette Products for Tianchang Group

Business by 2FIRSTS.ai

Jan.15.2024

Decline in Sales of E-cigarette Products for Tianchang Group

Hong Kong-listed company TSC Group (02182.HK) reported an approximate 79% decrease in sales of its e-cigarette products.

Hong Kong stock exchange-listed company Tianchang Group (02182.HK) recently announced that its unaudited operating data for the 11 months ending November 30, 2023, and other relevant information regarding its e-cigarette product division, revealed a decrease of approximately 79% in sales compared to the same period last year. The main reason for the decline was the cancellation of exclusive rights terms in sales orders with customers.

Tianchang Group announced its plans to expand its customer base by actively seeking new clients for purchasing high-quality e-cigarette products.

According to reports, Tianchang Group is an integrated injection molding solution provider, specializing in mold design and manufacturing services, as well as injection component design and manufacturing services. In recent years, the company has expanded its business to OEM manufacturing of e-cigarette products. Tianchang Group has previously acted as a contract manufacturer (OEM) for the e-cigarette brand "blu" under Imperial Tobacco.

Also Read:

[1] Manufacturer of Blu Vapes, Tianchang Group, Sees Decline in E-Cigarette Sales

#E-cigarettes #Asia #Open system e-cigarettes #Products #Hong Kong #E-cigarette #E-cigarettes and Tobacco #Product

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