SMOORE INTL (06969) announced that in the third quarter of 2026, the group achieved revenue of approximately RMB3.946 billion, up about 17.7% quarter-on-quarter and down about 6.0% year-on-year.
Revenue from the business serving enterprise customers during the period was approximately RMB3.143 billion, up about 19.0% quarter-on-quarter and down about 8.4% year-on-year. Revenue from electronic atomization products and related technical services and special-purpose atomization products was approximately RMB2.651 billion, up about 16.4% quarter-on-quarter and up about 1.8% year-on-year. The growth was mainly driven by strong performance in the U.S. market, as the group began delivering flavored electronic atomization products to a core customer during the period. These new products have been launched in the end market as planned.
During the period, profit for the period was approximately RMB365 million, up about 18.0% quarter-on-quarter, mainly driven by revenue and gross profit growth in (i) the U.S. market electronic atomization business; and (ii) the HNB business. Year-on-year, profit for the period increased by about 15.2%, mainly due to (i) an increase in gross profit driven by higher revenue from high-margin products; and (ii) a reduction in selling and distribution expenses as well as research and development expenses.
Adjusted profit for the period after deducting share-based payment expenses was approximately RMB452 million, up about 10.4% quarter-on-quarter and up about 1.8% year-on-year. Adjusted profit for the period after excluding the atomization medical business was approximately RMB495 million, up about 17.3% quarter-on-quarter and down about 4.6% year-on-year.
For the first three quarters of 2026, the group achieved revenue of approximately RMB11.155 billion, up 9.3% year-on-year. Profit was approximately RMB937 million, up 15.8% year-on-year.
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