{"id":8979,"date":"2025-10-25T06:09:15","date_gmt":"2025-10-25T06:09:15","guid":{"rendered":"https:\/\/vapemaison.com\/?p=8979"},"modified":"2025-11-20T01:48:29","modified_gmt":"2025-11-20T01:48:29","slug":"smoore-international-risultati-del-3-trimestre-2025","status":"publish","type":"post","link":"https:\/\/vapemaison.com\/it\/smoore-international-q3-2025-earnings\/","title":{"rendered":"I risultati del terzo trimestre 2025 di SMOORE International: Forte performance nonostante le sfide del mercato"},"content":{"rendered":"

Mentre gran parte dell'attenzione si \u00e8 concentrata sulla recente recrudescenza del conflitto commerciale tra Stati Uniti e Cina, SMOORE <\/a>International quietly disclosed its Q3 2025 performance. Although the market\u2019s reaction hasn\u2019t been overwhelmingly positive, a closer look reveals that the results are actually quite impressive.<\/p>\n\n\n\n

\"Primo<\/figure>\n\n\n\n

1. <\/strong>I guadagni del terzo trimestre 2025 superano le aspettative<\/strong><\/strong><\/h4>\n\n\n\n

SMOORE International reported Q3 2025 revenue of RMB 4.2 billion, setting a new single-quarter record and reflecting a 27.5% year-on-year growth. Adjusted net profit reached RMB 444 million, marking a 4.8% increase year-on-year. Both revenue and adjusted net profit growth exceeded market expectations. For the first three quarters of 2025, SMOORE\u2019s revenue totaled RMB 10.2 billion, up 21.8% year-on-year, while adjusted net profit stood at RMB 1.18 billion, a slight 0.1% increase. So far, both revenue and profit have surpassed our expectations (with revenue significantly exceeding expectations, while adjusted net profit was largely in line).<\/p>\n\n\n\n

2. <\/strong>Perch\u00e9 SMOORE ha superato le aspettative?<\/strong><\/strong><\/h4>\n\n\n\n

The main reason for SMOORE\u2019s better-than-expected performance in Q3 2025 is the significant increase in the shipment of heated tobacco products. Consumer feedback has been largely positive, with many praising the rapid heating, smoke-like flavor, and better odor control compared to competitors like IQOS. While some reports mention minor burnt or paper-like tastes, the overall response has been favorable. SMOORE has accelerated the market rollout of its products: the Hilo brand was launched nationwide in Japan on September 1 and will be available in Poland starting in October, with further expansion planned for Italy. Additionally, the European ban on disposable e-cigarettes and increased enforcement in the US have helped revive SMOORE\u2019s vaporizer e-cigarette business. Many previously popular disposable e-cigarette flavors in the US have been removed from the shelves, leading to a decline in non-compliant e-cigarette products, although some remain in certain stores, such as gas stations or local shops in immigrant communities.<\/p>\n\n\n\n

3. <\/strong>Perch\u00e9 i margini di profitto sono diminuiti su base annua?<\/strong><\/strong><\/h4>\n\n\n\n

Il margine lordo e il margine di profitto di SMOORE potrebbero essere diminuiti nel terzo trimestre del 2025 rispetto allo scorso anno. Secondo la societ\u00e0, i motivi sono i seguenti:<\/p>\n\n\n\n

1, Il settore del tabacco riscaldato, che ha registrato una crescita, si concentra attualmente sulla promozione di dispositivi a basso margine. I bastoncini di tabacco, pi\u00f9 redditizi, potrebbero vedere un aumento delle spedizioni nel 2026.<\/p>\n\n\n\n

2, Nel settore delle sigarette elettroniche, SMOORE ha introdotto diversi nuovi prodotti come 2+N, 0+N e prodotti multi-in-one per soddisfare i clienti locali europei e conquistare quote di mercato. Questi nuovi prodotti hanno margini inferiori rispetto ai prodotti a base di cialde offerti in partnership con le principali aziende del tabacco.<\/p>\n\n\n\n

4. <\/strong>Stato di recupero delle sigarette elettroniche Vapor<\/strong><\/strong><\/h4>\n\n\n\n

In Q3 2025, SMOORE\u2019s revenues from Europe and other regions grew much faster than the overall revenue. Particularly, revenues from local medium-sized clients supported by SMOORE have seen rapid growth. However, the recovery of the compliant e-cigarette business in the US has been slower than in Europe. This is mainly due to SMOORE\u2019s large client BAT\u2019s weaker-than-expected performance in the US market, which is also tied to the competitiveness of BAT\u2019s products.<\/p>\n\n\n\n

5. <\/strong>Impatto del conflitto commerciale tra Stati Uniti e Cina su SMOORE<\/strong><\/strong><\/h4>\n\n\n\n

According to SMOORE, the ongoing US-China trade tensions have had limited impact on the company. The majority of SMOORE\u2019s products sent to the US are manufactured at their Southeast Asian factories, and these products have already been recognized by US customs as being produced in Southeast Asia. Therefore, the trade conflict has not significantly affected the company\u2019s business.<\/p>\n\n\n\n

\"La<\/figure>\n\n\n\n

DOMANDE FREQUENTI: DOMANDE E RISPOSTE<\/h2>\n\n\n\n

D1: Che cos'\u00e8 una sigaretta elettronica?<\/strong>
La sigaretta elettronica \u00e8 un dispositivo elettronico che riscalda l'e-liquid per produrre vapore. Fornisce un'esperienza simile al fumo senza bruciare il tabacco, riducendo la produzione di sostanze nocive come il catrame e il monossido di carbonio.<\/p>\n\n\n\n

D2: Le sigarette elettroniche contengono nicotina?<\/strong>
Dipende dall'e-liquid. Alcuni e-liquid contengono nicotina, mentre altri sono completamente privi di nicotina. Potete scegliere in base alle vostre preferenze personali.<\/p>\n\n\n\n

D3: Le sigarette elettroniche sono pi\u00f9 sicure di quelle tradizionali?<\/strong>
Le sigarette elettroniche sono considerate un'alternativa meno dannosa perch\u00e9 non prevedono la combustione. Tuttavia, non sono completamente prive di rischi e devono essere utilizzate in modo responsabile dagli adulti.<\/p>\n\n\n\n

Avete altre domande? Clicca qui<\/a> per ulteriori domande sul vape\uff01<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

While much of the attention has been focused on the recent resurgence of the US-China trade conflict, SMOORE International quietly disclosed its Q3 2025 performance. Although the market\u2019s reaction hasn\u2019t been overwhelmingly positive, a closer look reveals that the results are actually quite impressive. 1. Q3 2025 Earnings Surpass Expectations SMOORE International reported Q3 2025 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[158,159,157],"class_list":["post-8979","post","type-post","status-publish","format-standard","hentry","category-industry-news-and-trends","tag-market-trends","tag-q3-2025-earnings","tag-smoore-international"],"yoast_head":"\nSMOORE International Q3 2025 Earnings: Strong Growth<\/title>\n<meta name=\"description\" content=\"SMOORE's Q3 2025 earnings show 27.5% growth, driven by heated tobacco and e-cigarette sales, despite US-China trade tensions. 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