Recently, the National Development and Reform Commission (NDRC) website released the "Guidance Catalog for Industrial Restructuring (Draft for Soliciting Opinions in 2023)" (hereinafter referred to as "Guidance Catalog 2023 (Draft for Soliciting Opinions)"). Compared to the current guidance catalog, which was issued in 2019, the "Guidance Catalog 2023 (Draft for Soliciting Opinions)" includes "e-cigarettes and other new tobacco products" in the restricted category.
On August 29th, Jinjia Corporation (002191) released an investor relations activity record. According to the record, the company achieved a total revenue of 2.033 billion yuan, a decrease of 23.09% compared to the same period last year. Among them, the revenue from e-cigarette packaging reached 58 million yuan. At the same time, thanks to the full deployment of Shenzhen GalaxyLink Technology Services Co., Ltd. production line and the consolidation of Hengtian Commercial, the revenue of the new tobacco segment increased by 81.77% compared to the previous year, continuing its rapid growth momentum.
On August 29th, KOTL released its 2023 interim report, revealing that the company achieved a revenue of 1.643 billion yuan in the first half of the year, representing a year-on-year increase of 4.32%. The net profit attributable to shareholders reached 22.9052 million yuan, showing a significant surge of 73.74% compared to the same period last year. The 2023 interim report also mentioned that KOTL and its subsidiary Xingke Electronics have signed contracts with Guangdong Fewo Intelligent Manufacturing Co., Ltd., with a total contract amount of 869 million yuan and 914 million yuan respectively. The recognized sales revenue for this period amounted to 54.08 million yuan and 113 million yuan respectively.
On September 1st, Evgeny Fedotov, the head of the Russian tobacco consultancy firm Fedotov Group, announced that the government has released a plan which, following a review by the Fedotov Group, will impose a minimum price policy on e-cigarettes starting from November 1st.
Jinjia Group announced its half-yearly financial results on August 26th, revealing a 23.09% decrease in operating income to approximately 2.03 billion yuan in the first half of 2023 compared to the same period last year. Meanwhile, the net profit attributed to the company's shareholders dropped by 44.02% to about 280 million yuan. The report highlights that Jinjia Group specializes in producing high-technology and high-value-added tobacco labels, packaging materials such as color boxes for well-known mid to high-end consumer brands, laser paper/film, tobacco film, as well as new tobacco products.
Innokin, a popular e-cigarette brand, has announced a strategic partnership with renowned Middle Eastern retailer Bahrain Duty-Free Shop. This collaboration will allow Innokin's e-cigarette product, INNOBAR, to enter the sales channels of Bahrain Duty-Free Shop.
The Indonesian Parliament (DPR) recently passed the "Health Act No. 17 of 2023." This legislation is seen as providing legal certainty for the e-cigarette industry, as it categorizes e-cigarettes as addictive substances.
Teerachai Attanawanich, Vice Minister of Finance and Chairman of the Tobacco Authority of Thailand, has announced that Thailand is currently contemplating implementing moderate taxation on e-cigarettes.
In August of this year, various listed e-cigarette companies and e-cigarette accessory companies released their performance reports for the first half of 2023. Based on the performance of eight companies involved in the e-cigarette business, it is evident that the net profits of four of these companies have significantly declined compared to the previous year. Furthermore, the overall export volume has witnessed a continuous decrease. As a result, 2FIRSTS conducted an investigation into the Chinese e-cigarette supply chain situation.
Over the past two decades from 2003 to the present, the e-cigarette market has experienced rapid growth, making "e-cigarette concept stocks" a hot topic for stock market investors. In light of this, 2FIRSTS has released a special report featuring interviews with Li Youqiang, the founder of Shenzhen Tuwu Enterprise Management Co., Ltd., and practitioners in the financial industry, including Xu Haoliang, the chief analyst for light industry manufacturing and small market value industries at Minsheng Securities, and Cai Fangheng, the chief analyst for light industry at Changjiang Securities.
Disclaimer
This article is provided solely for professional research, industry discussion, and informational purposes. Any references to brands, companies, products, technologies, or policies are made for factual reporting and analytical purposes only, and do not constitute endorsement, recommendation, promotion, or advertising by 2Firsts.
Nicotine-containing products, including but not limited to cigarettes, e-cigarettes, heated tobacco products, and nicotine pouches, carry significant health risks. Readers are responsible for complying with all applicable laws and regulations in their respective jurisdictions, including age restrictions and access limitations.
The information contained in this article should not be regarded as investment, legal, medical, regulatory, or commercial advice. While 2Firsts strives to ensure the accuracy and reliability of its content, it does not assume liability for any direct or indirect loss arising from errors, omissions, inaccuracies, or reliance on the information contained herein.
This article is not intended for individuals below the legal age for accessing tobacco or nicotine-related information in their jurisdiction.
Copyright Notice
This article is either original content produced by 2Firsts or content reproduced, translated, summarized, or adapted from third-party sources with attribution where applicable. The intellectual property rights of the original content remain with 2Firsts or the respective original rights holders.
No individual or organization may copy, reproduce, distribute, republish, modify, translate, or otherwise use this content without prior authorization. Any unauthorized use may result in legal action.
For copyright-related inquiries, corrections, or removal requests, please contact: info@2firsts.com.
AI-Assisted Translation and Editing Notice
Portions of this article may have been translated, edited, or reviewed with the assistance of artificial intelligence tools to improve efficiency and readability. Due to the limitations of AI-assisted translation and editing, discrepancies, omissions, or inaccuracies may exist when compared with the original source.
Where applicable, readers are advised to refer to the original source for the most complete and accurate information. If you identify any errors or believe that any content infringes upon your rights, please contact us at info@2firsts.com, and we will review and address the matter promptly.
