Recently, Shantou Dongfeng Printing Co., Ltd. (hereinafter referred to as "Dongfeng Printing"), issued a performance pre-reduction announcement for the year 2022, predicting a net profit attributable to shareholders of approximately 260 million yuan to 338 million yuan, representing a year-on-year decline of 56.95% to 66.88%.
Dongfeng Corporation is one of the oldest tobacco branding companies in China, having provided custom packaging for renowned cigarette brands such as Hongtashan, Guiyan, and Huangshan for many years. It is also one of the earliest companies in China to invest in and develop electronic cigarettes. With investments in various entities including Yunnan Xike and Shenzhen Meizhonglian (the parent company of VapeEZ), Dongfeng now owns its own brand of e-cigarettes, including Freem, Elon, Mox, and Cigoo.
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