Yinghe Technology: Skol's Nicotine Bag Business Is Still Expanding, And Its E-cigarette Business Is Extending To Russia And Southeast Asia

Yinghe Technology: Skol's nicotine bag business is still expanding, and its e-cigarette business is extending to Russia and Southeast Asia

Skol is currently focusing on the UK and European markets, and has achieved good development in markets such as Poland, the Netherlands, and Belgium. In addition, Skol is also expanding into markets such as the United States, Russia, and Southeast Asia; The nicotine bag business is still in the process of expansion.

Recently, an investor asked Yinghe Technology (300457. SZ) about the company's business development plans and layout in the fields of electronic cigarettes and low altitude economy on an interactive platform. Yinghe Technology has responded to this in a series of ways.

1. Plan to enter the low altitude economy

Yinghe Technology stated that the company is mainly engaged in the research and development, design, production, and sales of lithium battery automation equipment, mainly applied in the electronic cigarette business. The company's battery automation equipment is widely used in the front and middle processes of lithium battery production. In the future, the company will continue to focus on business expansion opportunities in areas related to its main business.

2. Development Status and Future Development Plan of Electronic Cigarette Industry

Yinghe Technology pointed out that its subsidiary, Skol, is engaged in the electronic cigarette business and continues to invest in the brand. Skol currently focuses on the UK and European markets, ranking high in the UK market and achieving good development in other European countries such as Poland, the Netherlands, Belgium, and others. In addition, Skol is also expanding into markets such as the United States, Russia, and Southeast Asia.

3. Sales situation of Scole nicotine bags

For the nicotine bag business, Winhe Technology stated that the Skolny Gulding bag business is still in the process of expansion. Please refer to the company's regular reports for relevant information.

4. Are there any plans to acquire the remaining shares of Skol or other electronic cigarette companies

Yinghe Technology stated that if there are relevant plans, the company will disclose information in accordance with relevant laws and regulations.