On September 17, SMOORE INTL rose 3.76% in regular trading, trading at HKD 9.68 per share, with turnover of approximately HKD 61.24 million.

On the news front, Huachuang Securities recently published a research report maintaining its Strong Buy rating on the company, noting that its HNB (heat-not-burn) business as a second growth curve is accelerating. The broker highlighted that as core clients expand product launches into more overseas markets and deepen partnerships, HNB is expected to sustain rapid growth and gradually increase its contribution to overall performance.

According to its interim results, the company reported first-half revenue of RMB 7.209 billion, up 19.9% year-over-year to a record high. Notably, HNB product and technology service revenue surged 322.1% to RMB 962 million. ToB business contributed RMB 5.91 billion, up 24.7%. However, gross margin declined to 32.2% from 37.3% a year earlier, while adjusted net profit rose 2.6% to RMB 757 million. Multiple brokerages have identified HNB volume ramp-up, U.S. compliant vaporization regulatory tailwinds, and steady proprietary brand growth as three key pillars supporting the medium-to-long-term outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)