Yinghe Technology Q3 profit falls 25.9% to $21.7 million

Oct.28.2024

Yinghe Technology recently released its financial report for the third quarter of 2024, showing revenues of approximately $287.14 million, down 23.91% year over year and down approximately 20% quarter over quarter.

Shenzhen Yinghe Technology (stock code: 300457) recently released its third quarter financial report. The data shows that Yinghe's quarterly revenue was approximately $2.87 billion, down 23.91% year-on-year and down approximately 20% sequentially. Net profit attributable to shareholders was $221.2 million, down 25.89% year-on-year and 12.22% sequentially.

For the first three quarters of 2024, Yinghe reported total revenue of approximately US$9.07 billion, a decrease of 13.59% year on year, and net profit attributable to shareholders of US$694.4 million, a decrease of 2.93% year on year.

A comparison of Yinghe Technology's quarterly results in 2024 shows that net profit attributable to shareholders remained stable at $221.2 million in both Q1 and Q3. However, revenue increased slightly from $2.61 billion in Q1 to $2.87 billion in Q3.

References:

[1] 深圳市赢合科技股份有限公司2024年第三季度报告

Also Read:

[1] Yinghe Technology's Semi-Annual Report: Sikary Revenue Grows 7.4% to 1.539B Yuan, Accounting for 35% of Total Operating Income

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

[3] Yinghe Technology's E-cigarette Business Expansion and Market Recognition

[4] Yinghe Technology: Utilizing Space for E-cigarette Workshop Expansion

[5] Yinghe Technology Expands Global Sales and Plans for Future

[6] Yinghe Technology Responds to Sikary's Nicotine Pouch Plans

[7] Yinghe Technology's Overseas Sales and E-Cigarette Development Disclosed

[8] Yinghe Technology's Subsidiary Sikary is Not Involved in Investigation

#Asia #Market #China #Technology.

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

Mexican Senate Approves Nationwide Ban on E-Cigarettes and Vapes

Mexico’s Senate passed a reform to the General Health Law banning the production, importation, sale, and advertising of e-cigarettes and vape products nationwide. The bill passed with 76 votes in favor, 37 against, and one abstention.

Dec.12 by 2FIRSTS.ai

EUIPO Rejects Imiracle’s Opposition to ‘Crystal’ Trademark, Citing Lack of Proof of Actual Use in Slovakia

The EUIPO has ruled that Imiracle failed to demonstrate actual commercial use of its “Elfbar Crystal” brand in Slovakia, and therefore rejected in full the company’s opposition to Shenzhen SKE Technology’s application to register the “Crystal” trademark. The EUIPO noted that the sales records submitted by Imiracle were limited in scope and that the product packaging was in Ukrainian, which it found insufficient to prove that the products had been placed on the Slovak market.

Dec.10 by 2FIRSTS.ai

Imperial Brands Urges Retailers to Engage in Government Consultation on Tobacco and Vapes Bill

Imperial Brands is calling on UK retailers to take part in the Government’s consultation on the Tobacco and Vapes Bill, which will shape a new licensing framework for nicotine product sales across England, Wales and Northern Ireland. The Department of Health and Social Care’s call for evidence closes on 3 December 2025. Imperial Brands stresses this is a key chance for retailers to influence policy, support fair competition, and help curb illicit sales.

Nov.04

State Tobacco Monopoly Administration Chief Meets with President of South Korean Tobacco Company Wang Gongcheng also in attendance; friendly talks held between the two parties.

State Tobacco Monopoly Administration director Zhang Jianmin met with Korean Tobacco Company president Fang Jingwan in Beijing on October 31.