According to the Zhitong Finance App, Smore International (06969) announced that in the third quarter of 2026, the group achieved revenue of about 3,946 billion yuan, an increase of about 17.7% month-on-month and a year-on-year decrease of about 6.0%. The revenue from the business for corporate customers during the period was approximately $3.143 billion, up 19.0% month-on-month, and down about 8.4% year-on-year. Revenue from electronic atomization products and related technical services and special purpose atomization products was approximately RMB 2,651 million, up about 16.4% month-on-month and 1.8% year-on-year. The growth was mainly due to strong performance in the US market, and the group began delivering flavored electronic atomization products to a core customer during the period. These new products are already on the terminal market as planned.
During the period, profit for the period was approximately $365 million, up about 18.0% month-on-month, mainly driven by (i) the electronic atomization business in the US market; and (ii) the revenue and gross profit growth of the HNB business. On a year-on-year basis, profit for the period increased by about 15.2%, mainly due to (i) an increase in gross profit driven by increased earnings from high-margin products; and (ii) a decrease in sales and distribution expenses and R&D expenses. Profit during the adjusted period after deducting share-based payment expenses was approximately $452 million, up about 10.4% month-on-month and 1.8% year-on-year. Profit during the adjusted period after deducting the nebulized medical business was approximately 495 million yuan, an increase of about 17.3% month-on-month and a year-on-year decrease of about 4.6%.
In the first three quarters of 2026, we achieved revenue of approximately $11.155 billion, an increase of 9.3% over the previous year. Profit was approximately $937 million, up 15.8% year over year.