SMOORE INTL's stock surged 6.55% during intraday trading on Thursday, marking a significant rebound for the e-cigarette manufacturer.

The movement follows significant adjustments to China's export tax rebate policy for e-cigarettes. Analysts at SDIC Securities International believe this policy shift will substantially impact the manufacturing sector, potentially triggering a new round of industry consolidation. While SMOORE INTL, which maintains deep partnerships with leading brands, may experience short-term performance effects from the policy change, its market position is expected to strengthen in the long term as the phase-out of tax rebate benefits helps the industry move away from destructive price competition.

Additional positive sentiment stems from growth expectations for new tobacco products. Huafu Securities notes that as international tobacco giants' heat-not-burn (HNB) products gain traction in mainstream markets, SMOORE's sales in new regions are poised to contribute incremental growth. Furthermore, markets like the UK and Europe are shifting toward more profitable pod-based and open-system e-cigarettes. Strengthened global e-cigarette enforcement, particularly in the U.S., is also seen creating substantial room for market share recovery by compliant manufacturers like SMOORE.