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Smoore International Holdings Limited
(6969)
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Rating:53Neutral
Price Target:
HK$8.50
â–Ľ(-44.15% Downside)
Action:Reiterated
Date:07/01/26
The score is held back mainly by compressed profitability and volatile/negative recent free cash flow, alongside a clearly bearish price trend with the stock trading well below key moving averages. These risks are partly offset by a strong, low-leverage balance sheet and a relatively high dividend yield, though the elevated P/E limits valuation support.
Positive Factors
Conservative balance sheet
Low leverage and a large equity base materially limit solvency risk and give management durable financial flexibility. This supports funding for R&D, capacity expansion or regulatory compliance without forcing dilutive financing, improving resilience across multi‑year industry cycles.
Negative Factors
Material margin compression
Steep, multi‑year margin erosion signals weaker pricing power or rising input/production costs that reduce economic profitability. Lower margins constrain reinvestment and returns, making the business more vulnerable to competition and regulatory cost pass‑through over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a large equity base materially limit solvency risk and give management durable financial flexibility. This supports funding for R&D, capacity expansion or regulatory compliance without forcing dilutive financing, improving resilience across multi‑year industry cycles.
Read all positive factors
Smoore International Holdings Limited (6969) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$50.49B
Dividend Yield2.03%
Average Volume (3M)18.00M
Price to Earnings (P/E)41.2
Beta (1Y)1.18
Revenue Growth21.03%
EPS Growth-18.51%
CountryHK
Employees23,130
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)0.17
Shares Outstanding6,195,631,000
10 Day Avg. Volume22,205,835
30 Day Avg. Volume18,001,075
Financial Highlights & Ratios
PEG Ratio-3.30
Price to Book (P/B)3.04
Price to Sales (P/S)4.67
P/FCF Ratio-183.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$7.60Price Target Upside-50.07% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.22
Revenue Forecast (FY)HK$16.60B
Smoore International Holdings Limited Business Overview & Revenue Model
Company Description
Smoore International Holdings Limited operates as an investment holding company, specializing in comprehensive vaping technology solutions. The firm actively researches, designs, and manufactures closed-system vaping devices and components, supply...
How the Company Makes Money
Smoore makes money mainly by selling electronic atomization products and providing related manufacturing and technology services. Its revenue is primarily generated through (1) business-to-business sales where Smoore designs and manufactures vapin...
Smoore International Holdings Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.26B | 11.80B | 11.17B | 12.14B | 13.76B |
| Gross Profit | 4.93B | 4.41B | 4.37B | 5.26B | 7.38B |
| EBITDA | 1.39B | 1.07B | 2.24B | 2.58B | 5.75B |
| Net Income | 1.06B | 1.30B | 1.65B | 2.51B | 5.29B |
Balance Sheet | |||||
| Total Assets | 28.55B | 27.65B | 25.51B | 24.36B | 22.87B |
| Cash, Cash Equivalents and Short-Term Investments | 10.83B | 12.49B | 16.17B | 15.19B | 14.66B |
| Total Debt | 2.23B | 1.88B | 776.39M | 558.55M | 757.58M |
| Total Liabilities | 6.66B | 5.75B | 4.10B | 3.98B | 3.62B |
| Stockholders Equity | 21.86B | 21.90B | 21.41B | 20.38B | 19.25B |
Cash Flow | |||||
| Free Cash Flow | -363.40M | 717.57M | 1.96B | -1.22B | 1.61B |
| Operating Cash Flow | 486.88M | 1.75B | 3.19B | 469.86M | 3.59B |
| Investing Cash Flow | 2.65B | -1.86B | -7.02B | -2.42B | -5.23B |
| Financing Cash Flow | -885.94M | -45.71M | -612.36M | 276.19M | 3.52B |
Smoore International Holdings Limited Technical Analysis
Neutral
15.22
Price Trends
8.69
Negative
9.40
Negative
11.17
Negative
Market Momentum
-0.22
Negative
53.66
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6969, the sentiment is Neutral. The current price of 15.22 is above the 20-day moving average (MA) of 7.56, above the 50-day MA of 8.69, and above the 200-day MA of 11.17, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 53.66 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6969.
Smoore International Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
HK:6969
Smoore International Holdings Limited
8.15
-13.25
-61.92%
HK:6055
China Tobacco International (HK) Co
21.54
-10.64
-33.06%
Smoore International Holdings Limited Corporate Events
Smoore’s Controlling Shareholder Plans New Stake Cut That Could End Control
Jul 3, 2026
Smoore International Holdings’ controlling shareholder, EVE Battery Investment, has received board approval from its parent EVE Energy to launch a new plan to cut its stake in the company by up to 3.5% of total issued shares within a year vi...
Smoore Commits US$110 Million to Citigroup-Guaranteed Structured Notes
Jun 22, 2026
Smoore International Holdings has subscribed to Ensemble Investment Corporation SA’s Ensemble USD Callable Fixed-to-Floating Secured Notes with a principal amount of US$110 million, funded entirely from its existing cash reserves and free ca...
Smoore Shareholders Back All AGM Resolutions, Renew Capital Mandates and Incentive Tweaks
May 22, 2026
Shareholders of Smoore International Holdings Limited have approved all resolutions at the 22 May 2026 annual general meeting, including receipt of the 2025 financial statements, a final dividend of HK20 cents per share, and the re-election of key...
Smoore Deploys US$280 Million into Citigroup-Linked Notes in Disclosable Deal
May 12, 2026
Smoore International Holdings has subscribed to a series of U.S. dollar-denominated notes issued by Citigroup Global Markets Holdings Inc. and Citigroup Inc., with an aggregate principal amount of US$280 million, funded entirely from its available...
Smoore Moves to Reappoint Deloitte as Auditor Under Updated HKEX Guidance
May 8, 2026
Smoore International Holdings has issued a supplemental announcement ahead of its annual general meeting, addressing updated Hong Kong Stock Exchange guidance on auditor disclosure and clarifying its plans regarding Deloitte Touche Tohmatsu. The b...
Smoore Boosts Share Award Pool With HK$59.9 Million Market Purchase
Apr 27, 2026
Smoore International Holdings Limited has disclosed that the trustee of its share award plan purchased 6,125,000 shares on the market on 27 April 2026 at an average price of about HK$9.77 per share, for a total consideration of roughly HK$59.86 mi...
Smoore Sets 2026 AGM to Approve 2025 Results, Dividend and Capital Mandates
Apr 24, 2026
Smoore International Holdings Limited has called its annual general meeting for 22 May 2026 in Hong Kong to seek shareholder approval on its 2025 audited accounts, dividend arrangements, board composition, and key corporate governance matters. The...
Smoore Boosts Share Award Plan With HK$59.9 Million Stock Purchase
Apr 21, 2026
Smoore International Holdings Limited, a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange under stock code 06969, uses a share award plan to provide equity incentives to eligible participants within the group. The p...
Smoore Expands Share Award Pool with HK$59.9 Million Share Purchase
Apr 20, 2026
Smoore International Holdings has disclosed that the trustee of its share award plan purchased 5,977,000 company shares on the market on 20 April 2026 at an average price of about HK$10.0137, for a total consideration of approximately HK$59.85 mil...
Smoore Boosts Share Award Plan With HK$49.9 Million Market Purchase
Apr 17, 2026
Smoore International Holdings Limited has disclosed a new share purchase executed under its existing Share Award Plan, which was originally adopted in 2021 and amended with shareholder approval in February 2025. The plan allows the board or its co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.