JIA YAO HLDGS(01626) announced that its net profit attributable to owners for the year 2025 is approximately 1.83 million yuan, a decrease of 96.38% compared to the previous year.

JIA YAO HLDGS(01626) announced its performance for the year 2025, with earnings of approximately 645 million yuan, a decrease of approximately 16.3% year-on-year. The company's attributable profit to owners was approximately 1.83 million yuan, a decrease of 96.38% year-on-year; earnings per share were 0.003 Hong Kong dollars. Among them, the sales of the electronic cigarette division decreased by approximately 22.4% to around 534.4 million yuan. This decrease was mainly due to the group adjusting its sales strategy in multiple international markets in response to recent global electronic cigarette regulatory fluctuations and international trade turmoil in 2025, resulting in a negative impact on sales orders, especially in Asia (revenue decrease of approximately 19.3% to around 413 million yuan compared to the same period in 2024) and Europe (revenue decrease of approximately 37.8% to 68.9 million yuan compared to the same period in 2024). Some Asian countries (such as Malaysia, Philippines, and Indonesia) have implemented stricter regulations, including mandatory product certification, consumption tax stamps, and graphic health warnings. In some European countries, regulatory authorities have tightened restrictions on electronic cigarette flavors, marketing, and age verification. The group will closely cooperate with major local distributors in target markets to timely address the impact of recent global electronic cigarette regulatory fluctuations and international trade turmoil. In addition, the group will focus its resources on developing new overseas markets to increase revenue sources and diversify risks. In 2025, the group successfully explored new markets such as Canada, Germany, France, the Netherlands, Georgia, and Croatia. Management believes that once policies in various countries mature, the sales of the electronic cigarette division will bring long-term stable development to the group, as the group has properly arranged market layout and preparations with various local distributors in target markets.