In 2020, the global e-cigarette sales reached US $42.4 billion, a year-on-year increase of 15.6%. Among them, the U.S. market accounts for the first place, and the penetration rate of e-cigarette is 38%.
In China, the number of smokers with the largest scale in the world, the total consumption of e-cigarettes in 2020 was 8.3 billion yuan, and the penetration rate of e-cigarettes was only 1.5%.
Recently, the regulators issued a decision on Amending the regulations for the implementation of the tobacco monopoly law, pointing out that “new tobacco products such as electronic cigarettes shall be implemented with reference to the relevant provisions of cigarettes”.
This allows the previously savage growth of e-cigarettes to establish a “legal identity” in China, and the industry will enter an orderly supervision stage.
Today, let’s track the prosperity of the e-cigarette industry chain. We also studied this industrial chain a few months ago. See the industrial chain report library for the report at that time.
From the recent growth of participants in the industrial chain:
Smore International – in the interim report of 2021, the accumulated revenue was 6.968 billion yuan, a year-on-year increase of 78.94%, and the net profit attributable to the parent company was 2.879 billion yuan, a year-on-year increase of 3655.26%.
Xiamen Intretech Inc(002925) – 2021q3, the cumulative revenue was 5.61 billion yuan, a year-on-year increase of 66.8%; The net profit attributable to the parent company was 888 million yuan, a year-on-year increase of 29.07%.
Bolton, China – in 2021, the revenue was 1.084 billion yuan, a year-on-year increase of 5.81%; The net profit attributable to the parent company was 103 million yuan, a year-on-year increase of 59.88%.
Huabao International – 2021 interim report, with a revenue of 1.76 billion yuan, a year-on-year increase of 2.83%; The net profit attributable to the parent company was 481 million yuan, a year-on-year increase of 1158.96%.