On August 25th at 4:34 pm, SiMoEr (SMORE) Technology released a statement through its official WeChat account stating that from now on, all of its subsidiaries will only accept orders for products that have passed the national technical assessment standards, and all transactions will be conducted through the National Unified Electronic Cigarette Transaction Management Platform for the domestic market.
Yesterday evening, semiconductor manufacturer SMIC released their financial report for the first half of 2022 on the Hong Kong Stock Exchange platform. They reported a revenue of 5.65 billion Chinese yuan, which is a decrease of 18.7% compared to the same period in 2021, when they reported 6.955 billion Chinese yuan. The adjusted net profit was 1.436 billion Chinese yuan, which is a decrease of 51.7% compared to the same period last year, when they reported a net profit of 2.975 billion Chinese yuan.
The following is the original text from the official public account of SiMoEr Technology. The full article of "2FIRSTS" is reproduced below.
To all of our partners at Semoer:
In order to further strengthen the regulation of new tobacco products such as electronic cigarettes, the National Tobacco Monopoly Bureau has formulated the "Management Measures for Electronic Cigarettes", which will take effect from May 1, 2022.
Since the promulgation of the "Regulations on the Management of Electronic Cigarettes," Simore has attached great importance to it, actively cooperated, and as of now, three of its wholly-owned subsidiaries have obtained the "License for Electronic Cigarette Production Enterprises.
Starting today, for the domestic market, Smoore and all of its subsidiary companies will only accept commissioned orders for products that have passed the national standard technical evaluation, and all transactions will be conducted through the National Unified Electronic Cigarette Trading Management Platform.
At the same time, Simore is willing to assist all partners in clearing out domestic inventory that does not meet national standards, developing and producing new products that meet national standards, and working together to provide high-quality services to users.
The industry has entered a new stage of standardized development. Smoore is willing to cooperate with partners to strictly implement regulatory requirements, operate in compliance with the law, and resolutely refrain from selling electronic cigarettes online and to minors. Together, let us push for the long-term healthy development of the industry.
On August 25th, 2022, Sommer International Holdings Limited...
To read more about the release of SMIC's mid-year financial report, please click on the following headline link to redirect:
Here are the ten key takeaways from the first half of 2022 financial report by Chen Zhiping of SMIC: The company will focus solely on three main business areas going forward.
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