On March 11, the State Tobacco Monopoly Administration issued the national standard for electronic cigarette (second exposure draft), which will be publicized until March 17, 2022; Meanwhile, the measures for the administration of electronic cigarettes will be issued, and the new regulations will come into force on May 1.
In general, this document has the following changes:
\u3000\u30001. It is forbidden to present other flavors except tobacco, which exceeds the market expectation, but cocoa extract, lemon oil, peppermint oil, etc. are still listed, and there is still a certain space for blending in taste;
\u3000\u30002. Improve the marketing threshold of e-cigarette products and strengthen continuous supervision: cancel the original product registration system and replace the e-cigarette products for marketing with professional institutions for technical review, and establish an e-cigarette sampling inspection and testing system;
\u3000\u30003. Reduce the supervision of e-cigarette products only used for export and benefit the overseas export of e-cigarette: for example, delete “enterprises that produce e-cigarette products not sold in China and only used for export shall register their products in accordance with the provisions of these measures and obtain the license of tobacco monopoly production enterprises”;
\u3000\u30004. The power of the Department of tobacco monopoly administration has been expanded: for example, the Department of tobacco monopoly administration or the Department of tobacco monopoly administration in conjunction with relevant departments may inspect and deal with the illegal transportation of electronic cigarette products, aerosols and nicotine for electronic cigarettes according to law; The competent administrative department of tobacco monopoly may suspend the trading qualification of the platform;
\u3000\u30005. Heating cigarettes shall be included in cigarette management;
\u3000\u30006. The atomized material shall contain nicotine (Note: This article is extracted from the national standard of electronic cigarette (second exposure draft));
\u3000\u30007. Exclusive stores turn to collective stores: e-cigarette retail enterprises or individuals shall not exclusively operate e-cigarette products sold on the market;
We believe that the release of the national standard for e-cigarettes (second draft for comments) and the measures for the administration of e-cigarettes will promote the orderly development of the e-cigarette industry, gradually clarify the competition pattern of manufacturers and brands, and benefit enterprises with high production standards, high-tech reserves and high capital reserves. We suggest paying attention to [ Anhui Genuine New Materials Co.Ltd(603429) ], [SIMORE international], [ Shenzhen Jinjia Group Co.Ltd(002191) ].
Risk tips: industrial policy risk, raw material price rise risk, macroeconomic fluctuation risk;
