Recently, China Boton Group Limited (3318.HK) released its 2024 mid-year performance report.
- In terms of revenue and profit, the company achieved revenue of 751 million yuan in the first half of 2024, a year-on-year decrease of 6.7%. It achieved a net profit from continuing operations of 63 million yuan, a year-on-year decrease of 24.7%.
- At the business level, during the reporting period, the revenue from sales of e-cigarettes and accessories was approximately 256.1 million yuan, a decrease of 21.6% compared to the previous year.
- During the reporting period, the proportion of e-cigarette product revenue decreased from 40.6% in the same period last year to 34.1% this year.
- At the same time, the company's flavors, food flavors, and daily use flavors businesses all saw steady growth, with increases of 0.7%, 3.4%, and 12.3% respectively compared to the previous year.
The company stated that the decrease in revenue from e-cigarette products was due to intense competition in the Chinese e-cigarette market. The company plans to launch new products in the second half of this year, which may help the e-cigarette product business return to normal growth momentum in the coming quarters of this year.
Furthermore, the company mentioned that it will implement new strategies in the second half of the year, including corporate restructuring, reforming the marketing team, and establishing a new product brand promotion team to address the new market era in the e-cigarette industry.
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
