Developments and Trends in the E-cigarette Industry

Aug.25.2023
Developments and Trends in the E-cigarette Industry
Yinghe Technology's H1 2023 financial report reveals a 3.84% YoY increase in revenue, driven by its e-cigarette business.

On August 25th, Winha Technology released its interim financial report for the first half of 2023. The company's operating revenue amounted to 4.801 billion yuan, representing a year-on-year growth of 3.84%. Notably, the e-cigarette business generated a revenue of 1.433 billion yuan, recording an exceptional growth of 1477.33%. The operating profit reached 485 million yuan, with a net profit of 417 million yuan.


With the rapid development of the e-cigarette industry, the concept stocks of e-cigarettes are receiving increasing attention.


According to the stock trading platform Eastern Wealth, as of the closing data at 3 PM on August 25th, among the e-cigarette concept stocks, 29 experienced a decline while only 6 witnessed an increase. The average decrease in value for e-cigarette concept stocks was 1.68%.


The six stocks that recorded gains are Jingjia Co., Jincheng Pharm, Winjoint Technology, Jinlong Electrical and Mechanical, Xiaosong Co., and Sunhao Co. They saw respective increases of 2.2%, 2.65%, 0.63%, 19.98%, 0.97%, and 0.09%.


According to a search on the Oriental Fortune website, the concept stock of e-cigarettes includes Huabao shares, Jiyou shares, Luxun Precision, Penghui Energy, Yiwu Lithium Energy, Shuobo Technology, Minxin Technology, Fuman Micro, Winhe Technology, Wogelight Electric, Langte Intelligent, Zhongwei Semiconductor, Jincheng Pharm, Winfun Technology, Xunwei Communication, Hongxin Electronics, Kehui Technology, Huanxu Electronics, Xinwangda, Guoguang Electric, Wangzi New Materials, Rundu shares, Lansitech, Gongda Acoustic, Xiaosong shares, Changying Precision, Dafu Technology, Jiyou shares, Tianyin Holdings, Aishide, Jinjia shares, Golden Dragon Electromechanical, Kesen Technology, Yiya Tong, Dongfeng shares, Shunhao shares.


After conducting research, it has been found that 80% of these 36 listed companies mainly engage in contract manufacturing for e-cigarette components.


Disclaimer: This article is intended solely for industry research purposes and does not constitute any investment advice.



Disclaimer

This article is provided solely for professional research, industry discussion, and informational purposes. Any references to brands, companies, products, technologies, or policies are made for factual reporting and analytical purposes only, and do not constitute endorsement, recommendation, promotion, or advertising by 2Firsts.

Nicotine-containing products, including but not limited to cigarettes, e-cigarettes, heated tobacco products, and nicotine pouches, carry significant health risks. Readers are responsible for complying with all applicable laws and regulations in their respective jurisdictions, including age restrictions and access limitations.

The information contained in this article should not be regarded as investment, legal, medical, regulatory, or commercial advice. While 2Firsts strives to ensure the accuracy and reliability of its content, it does not assume liability for any direct or indirect loss arising from errors, omissions, inaccuracies, or reliance on the information contained herein.

This article is not intended for individuals below the legal age for accessing tobacco or nicotine-related information in their jurisdiction.

 

Copyright Notice

This article is either original content produced by 2Firsts or content reproduced, translated, summarized, or adapted from third-party sources with attribution where applicable. The intellectual property rights of the original content remain with 2Firsts or the respective original rights holders.

No individual or organization may copy, reproduce, distribute, republish, modify, translate, or otherwise use this content without prior authorization. Any unauthorized use may result in legal action.

For copyright-related inquiries, corrections, or removal requests, please contact: info@2firsts.com.

 

AI-Assisted Translation and Editing Notice

Portions of this article may have been translated, edited, or reviewed with the assistance of artificial intelligence tools to improve efficiency and readability. Due to the limitations of AI-assisted translation and editing, discrepancies, omissions, or inaccuracies may exist when compared with the original source.

Where applicable, readers are advised to refer to the original source for the most complete and accurate information. If you identify any errors or believe that any content infringes upon your rights, please contact us at info@2firsts.com, and we will review and address the matter promptly.

Reemtsma says German illegal e-cigarette seizures reached 70% of 2025 total, pouches 179%
Reemtsma says German illegal e-cigarette seizures reached 70% of 2025 total, pouches 179%
Reemtsma said its first-half 2026 black-market tracker for tobacco and nicotine products showed a continued rise in officially reported seizures in Germany, with illegal e-cigarette seizures reaching 70% of the full-year 2025 level and snus and nicotine pouch seizures reaching 179% of last year’s total.
Jul.08
Reuters: Shopify May Ban All Vape Sales This Week Amid Illegal Market Crackdown
Reuters: Shopify May Ban All Vape Sales This Week Amid Illegal Market Crackdown
Reuters reported that Shopify may ban all vape products from its platform as soon as this week, signaling that U.S. enforcement against the illegal vape market is expanding from retailers and importers to e-commerce platforms and payment networks.
MarketBAT
Jun.23 by 2Firsts Perspectives
Imperial Brands Plans Thousands of Job Cuts Across U.S. and Europe in Cost Restructuring
Imperial Brands Plans Thousands of Job Cuts Across U.S. and Europe in Cost Restructuring
According to Reuters, citing Bloomberg News, British tobacco company Imperial Brands PLC plans to cut thousands of jobs across the United States and Europe as part of a cost reduction and organizational restructuring effort. The announcement drew market attention to the company’s shares. The move comes as global tobacco companies continue adjusting their operations amid slower cigarette market growth, changing consumer preferences and the transition toward next-generation nicotine products.
Aug.11
UK Parliament Briefing Puts Vape Hardware Design and Materials in Regulatory Focus
UK Parliament Briefing Puts Vape Hardware Design and Materials in Regulatory Focus
The UK Parliament’s Parliamentary Office of Science and Technology (POST) has published a scientific briefing reviewing current evidence on the health effects of vape device components, including heating elements, power settings, metals, plastics, batteries and e-liquid ingredients, signalling growing regulatory attention to device design and whole-product systems beyond e-liquids, flavours and packaging.
Special Report
Jun.29
FDA Proposes Foreign Tobacco Factory Registration Rule to Tighten Import Oversight
FDA Proposes Foreign Tobacco Factory Registration Rule to Tighten Import Oversight
The FDA has proposed a rule requiring foreign tobacco manufacturers to register facilities and list products before exporting to the U.S. If finalized, the rule could affect overseas OEM/ODM factories, contract manufacturers, specification developers, bulk product makers, and repackaging or relabeling firms. FDA says the proposal would help identify unauthorized imported tobacco products, including e-cigarettes.
Special Report
Jun.26
Japan’s Heated Tobacco Tax Changes Reshape Consumer Choices, Survey Reveals Impact of Price and Income
Japan’s Heated Tobacco Tax Changes Reshape Consumer Choices, Survey Reveals Impact of Price and Income
A consumer survey by Japanese heated tobacco information platform RELAZO found that rising tobacco prices and planned heated tobacco tax changes may influence smoking decisions among Japanese consumers. The survey covered 49,879 men and women aged 20 to 69 nationwide. It found that around 40% of respondents cumulatively indicated they may consider quitting when a pack reaches ¥600 (approximately US$4.1), while nearly 90% expressed potential quitting intentions at a ¥1,000 (approximately US$6.8) price level. The survey also found significant differences by income level, with lower-income respondents showing greater sensitivity to price increases.
Jul.24