IntreTech Limited Releases 2024 Half-Year Financial Report in Xiamen

Aug.23.2024
IntreTech Limited Releases 2024 Half-Year Financial Report in Xiamen
Xiamen IntreTech Co., Ltd. (002925) released its 2024 semi-annual report, showing a decrease in revenue and net profit.

On August 22nd, Xiamen IntreTech Co., Ltd. (002925) released its 2024 interim report. The report indicates that during the reporting period, the company achieved operating revenue of 1.575 billion yuan, a decrease of 14.56% compared to the same period last year. The net profit attributable to the shareholders of the listed company was 136 million yuan, a decrease of 33.25% from the same period last year.

IntreTech Limited Releases 2024 Half-Year Financial Report in Xiamen
IntreTech 2024 Half-Yearly Report | Image source: IntreTech


Among them, innovative consumer electronics products accounted for 30.24% of the operating income, totaling 476 million yuan, showing a year-on-year decrease of 7.56% compared to the same period last year.

IntreTech Limited Releases 2024 Half-Year Financial Report in Xiamen
IntreTech 2024 Semi-Annual Report | Image Source: IntreTech


The company stated that the year-on-year decline in revenue from innovative consumer electronics was primarily due to competitive market pressures, transitioning between old and new projects, and the slow progress in scaling up production capacity for key new projects, particularly in the engraving machine and e-cigarette product categories. Additionally, the market competition and development of emerging formats such as cross-border e-commerce had a significant impact on the health and environmental products sector, intensifying market competition. Furthermore, the inventory situation of downstream customers also negatively affected this sector.


We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Imperial Tobacco Canada Seeks U.S. Recognition of $23.6 Billion Restructuring and Settlement Plan
Imperial Tobacco Canada Seeks U.S. Recognition of $23.6 Billion Restructuring and Settlement Plan
Tobacco giant Imperial Tobacco Canada seeks US court approval for $23.59 billion restructuring plan to settle lawsuits.
Aug.07 by 2FIRSTS.ai
2Firsts Insight | Official Websites as Marketing Platforms: LOST MARY and OXVA Engage Users through Content and Interaction
2Firsts Insight | Official Websites as Marketing Platforms: LOST MARY and OXVA Engage Users through Content and Interaction
E-cigarette brands LOST MARY and OXVA launched new website features. LOST MARY’s “FLAVOR DISCOVERY” uses virtual characters for flavor matching, while OXVA’s “OX Chill” summer challenge boosts engagement with points, lotteries, and national rankings.
Jul.18 by 2FIRSTS.ai
UK Authorities Seize $80,000 in Illegal Tobacco; Shop Owner Pleads Guilty, Gets Two-Year Suspended Sentence
UK Authorities Seize $80,000 in Illegal Tobacco; Shop Owner Pleads Guilty, Gets Two-Year Suspended Sentence
UK shop owner Chaudhary Rahman was sentenced to a 10-week prison term, suspended for two years, after pleading guilty to six charges over £66,000 ($80,000) worth of illegal cigarettes and e-cigarettes. The products lacked health warnings and exceeded legal limits. He must also perform 80 hours of unpaid work and pay a £1,400 ($1,879) fine.
Jul.18 by 2FIRSTS.ai
Product | Transparent Pod Design + Replaceable Pod Kit, LOST MARY Nera Pureview Launches in the UK and US
Product | Transparent Pod Design + Replaceable Pod Kit, LOST MARY Nera Pureview Launches in the UK and US
Following its public announcement by the UK's Medicines and Healthcare products Regulatory Agency (MHRA), the LOST MARY Nera Pureview has now appeared on retail websites in the UK and the US. The product features a transparent, visible design and a display screen for power levels, and also offers two switchable modes. It is priced at £9.99 in the UK and $17.99 in the US.
Sep.09
Singapore Toughens Penalties for E-cigarette Use, Including Whipping
Singapore Toughens Penalties for E-cigarette Use, Including Whipping
From September 1st, Singapore will enforce stricter e-cigarette regulations. E-cigarettes with etomidate ("Kpods") will be Class C drugs. Suppliers face up to 20 years in prison and 15 cane strokes. Regular e-cigarette users risk fines and mandatory rehab. Violating foreigners may be deported. The government will also conduct large-scale enforcement and awareness campaigns, increasing inspections in schools, public areas, and airports.
Aug.29 by 2FIRSTS.ai
Japan Tobacco’s Greece Subsidiary Posts $900 Million Revenue in 2024, Plans to Boost Ploom Market Expansion
Japan Tobacco’s Greece Subsidiary Posts $900 Million Revenue in 2024, Plans to Boost Ploom Market Expansion
Japan Tobacco International’s (JTI) Greece operations are projected to generate over €800 million (approximately $900 million) in revenue in 2024, with a net profit of €958,000 (about $1.11 million), marking a growth in market share despite challenging conditions. JTI’s innovation is driving market expansion in Greece, with its Ploom products successfully entering the market.
Jul.18 by 2FIRSTS.ai