HK Stock Market Move | SMOORE INTL (06969) rose over 5% in morning trading; the process for standardized admission system for domestic HNB is expected to continue advancing.

SMOORE INTL (06969) rose over 5% in morning trading. As of press time, it was up 5.53% at HK$9.645, with a turnover of HK$25.4139 million. On the news front, on July 28, the national standard plan "Heated Cigarettes," drafted under the organization of the State Tobacco Monopoly Administration, officially began public consultation. The consultation period ends on September 26, after which it will go through review, approval, and publication stages, and is planned to be officially implemented six months after the standard is published. Shenwan Hongyuan Group previously stated that as the public consultation period for the national standard approaches its deadline, the process for a standardized admission system for domestic HNB is expected to continue advancing, catalyzing the domestic HNB industry chain. Huachuang Securities issued a research report stating that looking ahead, with the continuous expansion of HNB scale, steady growth in the traditional atomization business, and the gradual release of economies of scale from new businesses, SMOORE's profitability is expected to improve. In the medium to long term, it remains bullish on the company's leading advantages in atomization technology, global customers, and compliance capabilities, as well as the new incremental growth brought by the HNB second growth curve.