Smurfit Publishes Its Financial Report For The First Quarter Of 2025.

Smok International has released its financial update report for the first quarter of 2025. The report indicates that the company's pre-tax profit for the three months ending March 31, 2025 was 255 million yuan, a year-on-year decrease of 36.3%. The after-tax profit was 192 million yuan, a decrease of 43.4%. The total comprehensive income for the period was 208 million yuan, a year-on-year decrease of 32.9%.
Regarding the year-on-year decline in pre-tax profit during this reporting period, the report states that the main reason was that administrative expenses, distribution and sales expenses, and research and development expenses generally increased significantly compared with the same period in 2024.
In mid-last month, Smok International also released its 2024 annual performance report. The report indicates that in 2024, the company achieved revenue of 11.799 billion yuan, a year-on-year increase of 5.3%, and net income of 1.303 billion yuan, a decrease of 20.8%. The sales revenue of its own brand business was approximately 2.475 billion yuan, an increase of approximately 34.0% compared with the previous year; the revenue from business targeting enterprise customers was approximately 9.324 billion yuan, a decrease of approximately 0.3% compared with the previous year.