Yinghe Technology in Q1 2024: 22 Million USD Net Profit, YoY Increase 53.87%

Business by 2FIRSTS
Apr.28.2024
Yinghe Technology in Q1 2024: 22 Million USD Net Profit, YoY Increase 53.87%
Yinghe Technology, parent company of Sikary, reports Q1 2024 revenue of 1.866 billion yuan, up 7.37% YoY.

On April 27, Yinghe Technology, the parent company of Sikary, released its first quarter report for 2024. During the reporting period, the company achieved operating income of 1.866 billion yuan, a year-on-year increase of 7.37%; net profit attributable to the shareholders of the listed company was 158 million yuan, a year-on-year increase of 53.87%; net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 157 million yuan (about 22 Million USD), a year-on-year increase of 97.53%; basic earnings per share were 0.24 yuan.

Yinghe Technology in Q1 2024: 22 Million USD Net Profit, YoY Increase 53.87%

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Company | JTI Executive: The company has invested over 300 million euros in Romania and created 1,500 jobs
Company | JTI Executive: The company has invested over 300 million euros in Romania and created 1,500 jobs
JTI has operated in Romania for over 30 years, investing over €300M and creating 1,500 jobs. It paid €1.3B in taxes in 2024. Executive Lucine Ovumyan recently told Antena 3 that the company contributes significantly to the economy but is concerned about a proposed EU tobacco tax directive. She said it could lead to a 59% tax increase over three years and fuel illegal trade. She called for balanced tax policies and dialogue to support growth, innovation, and fair competition.
Sep.02 by 2FIRSTS.ai
Product | Reaching 60,000 Puffs, Innokin Launches MVP 60K Kit in the UK
Product | Reaching 60,000 Puffs, Innokin Launches MVP 60K Kit in the UK
INNOKIN has recently launched the MVP 60K vape kit in the UK market. The kit includes a 1000mAh built-in battery and three "2+10" combo pods. The company claims a total of 60,000 puffs, and the product offers 9 different flavor combinations. The MVP 60K has been registered in the database of the UK's Medicines and Healthcare products Regulatory Agency (MHRA) and is now available on the websites of several UK distributors.
Aug.21 by 2FIRSTS.ai
Philippines DTI Orders E-Commerce Platforms to Take Down Illegal E-Cigarettes Within 7 Days or Face Heavy Penalties
Philippines DTI Orders E-Commerce Platforms to Take Down Illegal E-Cigarettes Within 7 Days or Face Heavy Penalties
The Philippines Department of Trade and Industry (DTI) has ordered e-commerce and digital platforms to remove illegal e-cigarette products within seven days, or risk heavy fines and even suspension of operations. These products were found to be in violation of several laws for lacking excise tax stamps or certification marks.
Aug.18 by 2FIRSTS.ai
2Firsts Interview with IBVTA: UK Vape Tax May Weaken Harm Reduction Efforts
2Firsts Interview with IBVTA: UK Vape Tax May Weaken Harm Reduction Efforts
As the UK prepares to introduce its first-ever vape tax in 2026, questions are growing about how the measure will reshape the country’s harm reduction landscape. IBVTA tells 2Firsts that while it was not in favour of the new duty, it accepts that it is being implemented and is working with regulators to ensure a smooth rollout — warning, however, that higher costs could slow smokers’ transition to safer alternatives.
Oct.07
NC police intercept vehicle on highway, seize over 600 THC vape cartridges; driver charged with multiple felony drug offenses
NC police intercept vehicle on highway, seize over 600 THC vape cartridges; driver charged with multiple felony drug offenses
Iredell County Sheriff’s deputies arrested a 28-year-old New York man after a northbound I-77 traffic stop led to the seizure of more than 600 THC vape cartridges. The driver faces multiple felony and misdemeanor charges and is being held on a $75,000 secured bond, with a District Court date set for September 25.
Sep.09
United Kingdom | About £212,000 worth of illegal cigarettes and vapes seized in Preston, Lancashire
United Kingdom | About £212,000 worth of illegal cigarettes and vapes seized in Preston, Lancashire
Lancashire Police, working with Lancashire County Council’s Trading Standards, conducted an operation in the Brookfield area of Preston and seized 10,932 packs of cigarettes, 1,348 vapes, and 558 packs of hand-rolling tobacco. Based on genuine retail prices, the haul is valued at approximately £212,000. Police and local authorities are urging the public to report illegal tobacco and non-compliant vape sales.
Sep.04 by 2FIRSTS.ai