HK Stock Market Move | SMOORE INTL (06969) rises over 6%, with revenue in the first half of the year reaching a historic high, and the HNB business is expected to accelerate development.

SMOORE INTL (06969) rose by over 6% again, as of the press time, up 5.84%, priced at HKD 10.52, with a transaction volume of HKD 130 million. In terms of news, SMOORE INTL recently announced its performance for the first half of the year, with revenue reaching RMB 7.209 billion, a year-on-year increase of 19.9%, setting a historical record; net profit was RMB 572 million, up 16.2% year-on-year. The management pointed out that the company's ToB business performed strongly, particularly with the continuous expansion of the electronic vaporization and HNB business, contributing approximately RMB 5.910 billion in revenue, an increase of about 24.7% year-on-year. Huaan indicated that with the tightening of global regulations, the industry's concentration is expected to accelerate, and the company, relying on its compliance capabilities, technological advantages, a healthy customer structure, and an open and flexible business model, has highlighted its competitive barriers, with market share expected to continue to rise. As the company's second growth curve, the HNB business accelerates its development, alongside the emerging businesses in vaporization for medical and beauty applications gradually entering a stage of increased volume, its performance is expected to grow steadily.