Kennede Electronics: Main Business Covers Home Appliances, E-cigarettes

Business by 2FIRSTS.ai

Jul.04.2024

Kennede Electronics: Main Business Covers Home Appliances, E-cigarettes

Investors raised concerns on Kennede Electronics' recent loss in its Jiangxi branches, questioning if it's poor management or market impact.

Recently, an investor on an investor interaction platform asked Kennede Electronics Mfg Co., Ltd. (002723.SZ): The recent guarantee announcement indicates that the Jiangxi branch is in a state of loss, and financial reports also show that some branches are in a state of loss. Is this due to management decision-making errors or market factors? What measures does the management have in place to improve operating losses in the future?

In response, Kennede Electronics Mfg Co., Ltd. stated that the company's main business covers home appliances, e-cigarettes, and engineering construction, with each business segment having different subsidiary companies. Jiangxi Jinlai and Jiangxi Xiaojiong are both subsidiaries within the company's home appliance business segment. In 2023, the operating revenue of the home appliance business reached 915 million yuan, an increase of 32.38% year-on-year. The company is continuously pursuing a development strategy of "new products, new technologies, and new solutions" to promote the upgrading of traditional home appliance products towards a direction of "higher unit prices and higher added value" electrical appliances, constantly enriching the diversified product matrix to enhance profitability.

References:

[1] 董秘你好，最近担保公告显示江西分公司为亏损状态，财报也显示部分分公司为亏损状态，是管理决策失误还是市场因素影响，管理层后续有何应对措施改善经营亏损。

Also Read:

[1] Xiaosong's Subsidiary Kennede Electronics Mfg Co.,Ltd. Obtains "SONG" Trademark in USA

[2] Kennede Electronics to Expand e-Cigarette Product Line in Response

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

Two Malaysian Men Charged Over Illegal Import of Vape Items at Singapore Checkpoint

Two Malaysian men arrested for illegally importing e-cigarettes at Woodlands Checkpoint, facing charges, court hearing on December 15. (20 words)

Nov.18 by 2FIRSTS.ai

South Korea Again Delays Tobacco Business Act Amendment on Synthetic Nicotine

South Korea’s amendment to the Tobacco Business Act, which would classify synthetic nicotine vapes and vape liquids as “tobacco” for regulatory and taxation purposes, has been delayed once again. Despite the government stressing its urgency due to youth access and risks of illicit drug mixing, both ruling and opposition parties at the Legislation and Judiciary Committee meeting agreed that the bill requires further discussion.

Nov.13 by 2FIRSTS.ai

Belarus to Tighten Vape Regulations, Raise Excise Taxes in 2026

Belarusian lawmakers are drafting a new bill to regulate the vape market amid growing concern over youth nicotine use and the spread of illegal products. While a total ban is not planned, the focus will be on stricter licensing, advertising limits, and higher taxes.

Nov.19 by 2FIRSTS.ai

France’s Finance Committee Rejects 2026 Vaping Tax, Backs Online Sales Ban

France’s National Assembly Finance Committee voted to oppose the government’s plan in Article 23 of the 2026 budget bill to tax vaping products at €0.30/10mL for low-nicotine liquids and €0.50/10mL for others (with typical bottles priced €5–€7). Lawmakers arguing against the tax said vaping is less harmful than combustible cigarettes and can aid cessation; others warned of a gateway effect for youth and sustained nicotine dependence.