Lingda Corporation, a listed company on the Shenzhen Stock Exchange and a potential player in the e-cigarette industry, released its semi-annual report for 2023 on the evening of August 27th. The company recorded a revenue of 497 million yuan in the first half of the year, marking a 27.16% decrease compared to the same period last year. However, there was a significant improvement in net profit, with a loss of 3.24 million yuan, representing a 92.35% reduction in losses compared to the previous year.
According to reports, its wholly-owned subsidiary, Woda Industrial Cannabis (Yunnan) Co., Ltd., has a registered capital of 30 million yuan. The company's main business includes the research and development, promotion, processing, and sales of industrial cannabis. They also engage in the research, production, and sales of industrial cannabis vaporization products and e-cigarette vaporizers (non-tobacco products without tobacco ingredients).
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