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Smoore International Holdings Limited ( (HK:6969) ) has issued an announcement.
Smoore International Holdings Limited has issued a profit warning for the six months ending June 30, 2025, despite achieving an 18% increase in revenue due to the competitiveness of its innovative products. The company’s profit is expected to decrease by 21% to 35% compared to the previous year, primarily due to increased non-cash share-based payment expenses, heightened distribution and selling expenses, and rising legal costs. Adjusted profit, accounting for share-based payment expenses, shows a potential decrease of 9% to a slight increase of 4% over the same period last year, indicating challenges in maintaining profitability amidst rising operational costs.
The most recent analyst rating on (HK:6969) stock is a Sell with a HK$10.72 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
More about Smoore International Holdings Limited
Smoore International Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the development and manufacturing of vaping devices and components. The company focuses on both self-branded products and corporate client-oriented business, with a significant presence in global major markets.
Average Trading Volume: 32,570,447
Technical Sentiment Signal: Buy
Current Market Cap: HK$125B
For a thorough assessment of 6969 stock, go to TipRanks’ Stock Analysis page.