Key Points
- Successful Renewal: Jinlong M&E’s subsidiary Xingke Electronics approved for renewal, license valid until July 31, 2026.
- Scope of License: Covers production and contract manufacturing (for export) of cartridges, devices, and combined products.
- Business Significance: Renewal ensures continuity of compliant e-cigarette operations, stabilizing the company’s role in the supply chain.
- Risk Warning: E-cigarette business remains exposed to regulatory and market uncertainties.
2Firsts, August 28, 2025 —— Jinlong Machinery & Electronics Co., Ltd. (300032.SZ) announced that its wholly owned subsidiary Xingke Electronics (Dongguan) Co., Ltd. received on August 26, 2025, a renewed Tobacco Monopoly Production Enterprise License (for e-cigarette contract manufacturing) from the State Tobacco Monopoly Administration. The license validity has been extended until July 31, 2026.
According to the announcement, the renewed license scope covers: cartridge production and contract manufacturing (for export), e-cigarette device production and contract manufacturing (for export), and production and contract manufacturing (for export) of combined cartridge-device products. The company is registered in Humen Town, Dongguan City, Guangdong Province, with Yan Xiaoling listed as the legal representative.
The company stated that the renewal enables Xingke Electronics’ e-cigarette business to continue operating legally within the approved scope, helping maintain its stability within the e-cigarette industry chain. However, the announcement also cautioned that the business is still subject to multiple uncertainties, including regulatory policies, shifts in market demand, and industry competition.
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