Recently, an investor on an investment platform asked Yingqu Technology: "Can you confirm if your company has started large-scale production of IQOS core components?
On May 4th, Yingqu Technology announced on its investor communication platform that the company's core components for electronic cigarettes have successfully entered mass production and are currently in the process of expanding production.
Further reading:
A United States court has upheld the International Trade Commission's ban on importing IQOS. Philip Morris International has stated that it still plans to enter the US market in May of next year.
Yingqu Technology specializes in the research, development, and manufacturing of heated, non-combustible electronic cigarettes. As a subcontractor for PMI, the company's net profit for 2022 is expected to be approximately 693 million yuan, a decrease of 36.57% compared to the previous year.
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