SMOORE INTL Shares Surge Over 6% in Afternoon Trading Amid Reports of Trump Pressuring FDA on Flavored E-Cigarettes

Stock News05-06

SMOORE INTL (06969) saw its shares rise more than 6% during afternoon trading. At the time of writing, the stock was up 5.19%, trading at HK$9.93, with a turnover of HK$197 million. The movement follows reports that the U.S. Food and Drug Administration (FDA) approved the marketing of fruit-flavored e-cigarettes on Tuesday local time. This marks the first time the agency has approved non-tobacco flavored e-cigarette products for sale. Earlier reports indicated that U.S. President Donald Trump criticized FDA Commissioner Marty McCarney over the weekend, accusing him of not moving quickly enough to approve flavored e-cigarettes and nicotine products. SMOORE INTL recently released its first-quarter results, showing revenue of RMB 3.856 billion, a year-on-year increase of 41.7%. Adjusted profit for the period was RMB 347 million, up 10.7% compared to the same period last year. Huatai Securities noted that the company's revenue and profit performance in the first quarter of 2026 were strong, primarily due to the ongoing recovery of its core vaping business and the rapid scaling of its new heated tobacco product operations.

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