思摩尔国际（06969.HK）今日盘中大跌8.73%，引发市场广泛关注。截至上午9点39分，该股报价已跌至8.96港元，成交额达5800多万港元。
造成股价大跌的主要原因有两个。首先，公司最新发布的2025年第一季度财报显示，截至3月31日的三个月内，思摩尔国际实现税后利润1.92亿元人民币，同比大幅下降43.4%。公司表示，利润下滑主要是由于行政开支、分销及销售开支、研发开支较去年同期有较大增长。这一业绩表现不及市场预期，引发投资者对公司未来增长前景的担忧。
其次，市场对美国加征关税可能对思摩尔国际的美国出口业务产生的影响表示关切。虽然有分析师认为，公司在印尼设有工厂，且电子烟产品具有较高的加价倍率和消费粘性，可能在一定程度上缓解关税带来的压力，但投资者仍对此持谨慎态度。这些因素共同导致了思摩尔国际股价的大幅下跌，投资者正密切关注公司后续的应对措施及业务发展情况。
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