IntreTech: Expansion into E-Cigarette Electronic Screen Business

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Jun.28.2024

IntreTech: Expansion into E-Cigarette Electronic Screen Business

IntreTech (002925.SZ) responds to investor queries, confirming involvement in e-cigarette electronic screen business, shifting focus to fourth generation products.

Recently, an investor asked IntreTech (002925.SZ) on the investor interaction platform: Does your company have any products related to the e-cigarette electronic screen business?

In response, IntreTech stated that the company mainly provides e-cigarette devices and components to clients.

IntreTech recently stated in response to investor inquiries that the main reason for their revenue decline is due to the shift from third-generation e-cigarette products to fourth-generation products as part of their clients' development strategies. The company's income from supplying plastic components for third-generation products has decreased. However, IntreTech's core components and complete machines for fourth-generation products have successfully entered mass production and sales, further establishing their "parts + components + complete machines" business system.

It is reported that in 2014, IntreTech entered into a partnership with Philip Morris International (PMI) to supply the HNB tobacco brand IQOS tobacco heating devices. Since then, IntreTech has become a supplier of precision plastic components for the devices.

References:

[1] 贵司有产品涉及电子烟电子屏相关业务吗？

Also Read:

[1] IQOS Supplier IntreTech Saw Decline in E-Cigarette Revenue by 2023

[2] IntreTech Plans E-Cigarette Mass Production in 3rd Quarter

[3] IQOS Device Maker IntreTech Releases 2023 Semi-Annual Report

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