Smoore International Holdings Ltd.: Approval for Eve Energy Unit to Reduce Shareholding

Smoore International Holdings Ltd is a China-based investment holding company that specializes in vaping devices and components. The company's APV brands include Vaporesso, Renova, and Revenant Vape. Smoore's products are distributed to tobacco companies, independent vaping companies, and retail clients globally. The company has received approval for Eve Energy to reduce its shareholding in Smoore.

Smoore International Holdings Ltd, a prominent China-based investment holding company, has been making waves in the vaping industry. Specializing in vaping devices and components, Smoore's APV brands—Vaporesso, Renova, and Revenant Vape—are distributed globally to tobacco companies, independent vaping companies, and retail clients. The company's recent approval for Eve Energy to reduce its shareholding in Smoore adds another layer to its strategic maneuvering.

Smoore's financial performance is noteworthy. With a market cap of HK$122.49 billion, the company's revenue primarily comes from the sale of APV and vaping devices and components, totaling CN¥11.80 billion [1]. The company's insider ownership stands at 39.7%, indicating strong internal confidence and alignment with shareholder interests. Despite a slight decrease in net income from CNY1.65 billion to CNY1.30 billion in 2024, earnings are expected to grow at a robust 23.4% annually, outpacing the Hong Kong market's growth rate of 10.6% [1].

Smoore's recent insider buying activity reflects confidence in the company's growth prospects. The company declared a final dividend of HK$0.05 per share for 2024, despite the slight dip in net income. Analysts expect the stock price to rise by 25.4%, driven by strong revenue growth forecasted at 11.7% per year [1].

The company's recent product innovations, such as the SolaXCloud Security Strategy, align with stringent cybersecurity standards, enhancing its competitive edge in energy management solutions. Although profit margins have decreased from last year, the company's strong growth potential and strategic positioning make it a notable player in the vaping industry.

References:
[1] https://finance.yahoo.com/news/3-asian-growth-companies-high-223754458.html