Smurfit Kappa Released Its 2024 Annual Performance Report, Reporting That Its Total Revenue For The Year Reached 11.799 Billion Yuan.

On March 17th, the leading enterprise in electronic vaping technology, SMILE International, released its annual results as of December 31, 2024. The report indicated that SMILE International achieved revenue of nearly 2 billion US dollars in 2024, with a year-on-year growth of 5.3%, and net income of 200 million US dollars, a year-on-year decrease of 20.8%.
Among them, the revenue from the self-owned brand business was approximately 300 million US dollars, increasing by about 34.0% compared to the previous year, and the percentage of total revenue increased from about 16.5% in the previous year to about 21.0%; the revenue from business targeting enterprise customers was approximately 1.4 billion US dollars, a year-on-year decrease of about 0.3%, and the percentage of total revenue decreased from about 83.5% in the previous year to about 79.0%.
In terms of the revenue structure of the self-owned brand, in 2024, SMILE's revenue in Europe and other markets was approximately 300 million US dollars, a year-on-year growth of 37.2%; in the US market, it achieved revenue of approximately 60 million US dollars, a year-on-year increase of about 14.0%; in the mainland China market, the revenue was approximately 3 million US dollars, mainly from the sales of vaping beauty products.
SMILE Technology released its 2024 performance report, with net revenue of 400 million US dollars.
On March 14th, the parent company of Yuleke, SMILE Technology (RLX Technology), released its unaudited financial reports for the fourth quarter and full year of 2024. The report showed that SMILE Technology's net revenue in the fourth quarter of 2024 was 810 million yuan, with a quarter-on-quarter growth of 7.6% and a year-on-year growth of 56.3%. Under non-US Generally Accepted Accounting Principles, the adjusted net profit in the fourth quarter was 250 million yuan.
The company's net revenue for the full year of 2024 was 2.75 billion yuan, a year-on-year growth of 73.3%. Under non-US Generally Accepted Accounting Principles, the adjusted net profit for the full year was 930 million yuan.