Smoore releases 2024 interim financial report: private label business grew 71.9%, corporate customer revenue fell 12.3%

Smoore releases 2024 interim financial report: private label business grew 71.9%, corporate customer revenue fell 12.3%

According to the announcement, the group achieved sales revenue of approximately RMB 5,037,242,000 during the review period, a year-on-year decrease of approximately 1.7%. Among them, the sales revenue of the own-brand business was approximately RMB 1,115,607,000, an increase of approximately 71.9% year-on-year, and the proportion of total revenue increased from approximately 12.7% in the same period last year to approximately 22.1% in the review period; sales revenue for corporate customers was approximately RMB 3,921,635,000, a year-on-year decrease of approximately 12.3%, and the proportion of total revenue decreased from approximately 87.3% in the same period last year to approximately 77.9% in the review period.

On August 19, Smoore International Holdings Limited released its interim results report for the six months ending June 30, 2024.

According to the announcement, the group achieved sales revenue of approximately RMB 5,037,242,000 during the review period, a year-on-year decrease of approximately 1.7%. Among them, the sales revenue of the own-brand business was approximately RMB1,115,607,000, an increase of approximately 71.9% year-on-year, and the proportion of the total revenue increased from approximately 12.7% in the same period last year to approximately 22.1% in the review period; the sales revenue to corporate customers was approximately RMB3,921,635,000, a decrease of approximately 12.3% year-on-year, and the proportion of the total revenue decreased from approximately 87.3% in the same period last year to approximately 77.9% in the review period.

Smoore's first half financial summary | Source: Screenshot of Smoore's official website