Smoore International Reports Decline in Profits for Q1 2025

Apr.08.2025
Smoore International Reports Decline in Profits for Q1 2025
Smoore International's unaudited financial update for the first quarter of 2025 reveals a significant decline in profits.

On the evening of April 7, 2025, Smoore International Holdings Limited (stock code: 6969HK, hereinafter referred to as "Smoore International") released unaudited financial updates for the three months ending March 31, 2025.

 

Smoore International Reports Decline in Profits for Q1 2025
Smoore International Q1 financial report data | Image source: Smoore International

 

The data shows that Smoore International recorded a pre-tax profit of approximately RMB 254.6 million in this period, a decrease of 36.3% compared to the same period in 2024. The after-tax profit was about RMB 192.2 million, down 43.4% from the same period in 2024. The total comprehensive income for the period was RMB 207.8 million, a decrease of 32.9% compared to the same period in 2024.

 

The company explained that the main reason for the decline in profits is due to a significant increase in administrative expenses, distribution and sales expenses, and research and development expenses compared to the same period in 2024.

 

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