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Smoore International Holdings Limited
(6969)
Smoore International Holdings Limited (6969) vs. iShares MSCI Hong Kong ETF (EWH)
Smoore International Holdings Limited Business Overview & Revenue Model
Smoore International Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.77B | 11.80B | 11.17B | 12.14B | 13.76B | 10.01B |
| Gross Profit | 4.80B | 4.41B | 4.37B | 5.26B | 7.38B | 5.30B |
| EBITDA | 1.21B | 1.07B | 2.24B | 2.58B | 5.75B | 4.11B |
| Net Income | 1.11B | 1.30B | 1.65B | 2.51B | 5.29B | 2.40B |
Balance Sheet | ||||||
| Total Assets | 27.33B | 27.65B | 25.51B | 24.36B | 22.87B | 14.77B |
| Cash, Cash Equivalents and Short-Term Investments | 10.60B | 12.49B | 16.17B | 15.19B | 14.66B | 9.56B |
| Total Debt | 925.79M | 1.88B | 776.39M | 558.55M | 757.58M | 330.66M |
| Total Liabilities | 4.89B | 5.75B | 4.10B | 3.98B | 3.62B | 2.37B |
| Stockholders Equity | 22.43B | 21.90B | 21.41B | 20.38B | 19.25B | 12.40B |
Cash Flow | ||||||
| Free Cash Flow | 1.04B | 717.57M | 1.96B | -1.22B | 1.61B | 2.65B |
| Operating Cash Flow | 1.96B | 1.75B | 3.19B | 469.86M | 3.59B | 3.04B |
| Investing Cash Flow | -1.59B | -1.86B | -7.02B | -2.42B | -5.23B | -1.26B |
| Financing Cash Flow | -1.68B | -45.71M | -612.36M | 276.19M | 3.52B | 7.06B |
Smoore International Holdings Limited Technical Analysis
Smoore International Holdings Limited Peers Comparison
Smoore International Holdings Limited Corporate Events
Smoore International Holdings has granted 915,000 share options under its amended post-IPO share option scheme to five eligible employees of the group, with an exercise price of HK$12.24 per share and a 10-year validity period ending on 30 December 2035. The options, which vest in tranches between 31 December 2026 and 30 April 2030, are tied to employees’ positions, tenure and performance evaluations, and are subject to a clawback mechanism upon cessation of employment, underscoring the company’s use of equity incentives to retain and motivate key staff while aligning their interests with long-term shareholder value.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$13.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings has granted 545,000 awarded shares at no purchase price to seven employee participants under its amended share award scheme, with each award representing the right to receive shares upon vesting. The awards, based on the employees’ positions, tenure and performance evaluations, will vest between 31 December 2026 and 30 April 2030 and are subject to a clawback mechanism, aligning staff incentives with long-term corporate performance and providing the company with tools to manage retention and accountability within its workforce.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$13.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited has reshaped its board governance structure by adding executive director Wang Xin and independent non-executive director Yim Siu Wing, Simon, to its Nomination Committee, effective 24 December 2025, and appointing independent non-executive director Zhong Shan as the company’s lead independent non-executive director from the same date. The company said these moves are designed to align with the amended Corporate Governance Code that took effect on 1 July 2025 and to strengthen board effectiveness, diversity and overall governance practices, signalling a stronger emphasis on regulatory compliance and enhanced oversight for shareholders and other stakeholders.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$13.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited has disclosed the current composition of its board of directors, naming four executive directors, one non-executive director and three independent non-executive directors, with founder and CEO Chen Zhiping continuing to serve as chairman of the board. The company also detailed the membership of its four key board committees – audit, remuneration, nomination and environmental, social and governance – underscoring the role of independent directors in overseeing audit and remuneration and highlighting Chen’s leadership across remuneration, nomination and ESG oversight, which signals a continued emphasis on corporate governance and board-level control as the group steers its strategic and sustainability agenda.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$13.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings has updated the terms of reference for its Board Nomination Committee, originally adopted in June 2020 and now amended as of 24 December 2025. The revised document clarifies key definitions and governance structures, including the roles of the Board, the Nomination Committee and Independent Non-executive Directors, underscoring the company’s ongoing efforts to align its corporate governance framework with Hong Kong Listing Rules and enhance oversight of board composition and director appointments.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$13.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited announced a share purchase under its Share Award Plan, acquiring 7,991,000 shares at an average price of approximately HK$12.4835, totaling around HK$99.76 million. This move increases the number of shares held by the Trustee to 95,741,030, representing about 1.5457% of the total shares in issue, and reflects the company’s commitment to incentivizing eligible participants through share awards, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited announced a share purchase under its Share Award Plan, acquiring 8,140,000 shares at an average price of approximately HK$12.2564, totaling around HK$99,766,880. This move increases the total shares held by the Trustee to 87,750,030, reflecting the company’s commitment to rewarding eligible participants and potentially enhancing stakeholder value.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited has announced a financial update based on its unaudited consolidated management accounts as of September 30, 2025. The update reveals the company’s current and non-current assets and liabilities, as well as its net assets and equity attributable to shareholders. This disclosure is part of a broader effort to provide consistent financial information to shareholders, particularly in light of EVE Energy Co., Limited’s application for a global offering on the Hong Kong Stock Exchange. The announcement emphasizes caution for investors, as the financial data has not been audited and may not fully reflect the company’s annual performance.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited has announced the renewal of its Procurement Framework Agreement with EVE Energy, effective from January 1, 2026, to December 31, 2028. This agreement ensures the continued supply of battery products from EVE Energy to Smoore, with procurement prices determined by prevailing market conditions. The new annual caps for the agreement are set at RMB 580,000,000 for each year, reflecting anticipated changes in product orders and historical transaction amounts. This renewal is expected to support Smoore’s operations and strengthen its position in the evolving global atomization and vaping markets.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited has announced the subscription of notes issued by Morgan Stanley Finance LLC, totaling US$80 million. This investment, funded by the company’s existing cash reserves and free cash flow, is considered a discloseable transaction under Hong Kong’s Listing Rules due to its size, requiring reporting and announcement but not shareholder approval.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited announced the grant of 1,180,000 share options to nine eligible employees under its Amended Share Option Scheme. The options, which have a 10-year validity and a vesting period from 2026 to 2029, are part of a performance-based incentive plan aimed at retaining talent and enhancing employee contributions to the company. This move is expected to strengthen Smoore’s position in the industry by aligning employee performance with company growth objectives.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$15.50 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited has announced the grant of 540,000 awarded shares to 10 eligible employees as part of its Amended Share Award Scheme. This initiative, which includes a performance evaluation mechanism and a clawback provision, aims to incentivize employees based on their performance and tenure, potentially impacting the company’s operational efficiency and employee retention.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$15.50 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
Smoore International Holdings Limited reported a record quarterly revenue of approximately RMB4,196.8 million for the period ending September 30, 2025, marking a significant year-on-year growth of 27.2% and a quarter-on-quarter growth of 27.5%. This growth was driven by increased shipments in the heat-not-burn and electronic vaping businesses, as well as expansion in the self-branded business. The company’s adjusted profit rose by 4.0% year-on-year, attributed to revenue and gross profit growth, along with efficient management of expenses. The announcement highlights Smoore’s strategic positioning in the global market, leveraging regulatory foresight and market insights to support compliant product launches, thereby enhancing its industry standing and stakeholder value.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$15.50 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.