{"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":"wyniki-finansowe-smoore-international-za-3-kwartal-2025-r","status":"publish","type":"post","link":"https:\/\/vapemaison.com\/pl\/smoore-international-q3-2025-earnings\/","title":{"rendered":"Zyski SMOORE International za 3 kwarta\u0142 2025 roku: Dobre wyniki pomimo wyzwa\u0144 rynkowych"},"content":{"rendered":"

Podczas gdy du\u017ca cz\u0119\u015b\u0107 uwagi skupia si\u0119 na niedawnym odrodzeniu konfliktu handlowego mi\u0119dzy USA a Chinami, 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

\"Zbli\u017cenie<\/figure>\n\n\n\n

1. <\/strong>Zyski za 3Q 2025 przewy\u017cszaj\u0105 oczekiwania<\/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>Dlaczego SMOORE przekroczy\u0142 oczekiwania?<\/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>Dlaczego mar\u017ce zysku spad\u0142y rok do roku?<\/strong><\/strong><\/h4>\n\n\n\n

Mar\u017ca brutto i mar\u017ca zysku SMOORE mog\u0142y spa\u015b\u0107 w Q3 2025 w por\u00f3wnaniu do ubieg\u0142ego roku. Wed\u0142ug sp\u00f3\u0142ki powody s\u0105 nast\u0119puj\u0105ce:<\/p>\n\n\n\n

1\u3001 Bran\u017ca podgrzewanego tytoniu, kt\u00f3ra odnotowa\u0142a wzrost, koncentruje si\u0119 obecnie na promowaniu urz\u0105dze\u0144 o ni\u017cszej mar\u017cy. Bardziej dochodowe paluszki tytoniowe mog\u0105 odnotowa\u0107 wi\u0119ksze dostawy w 2026 roku.<\/p>\n\n\n\n

2\u3001W sektorze e-papieros\u00f3w SMOORE wprowadzi\u0142o kilka nowych produkt\u00f3w, takich jak 2+N, 0+N i produkty multi-in-one, aby zaspokoi\u0107 potrzeby lokalnych klient\u00f3w europejskich i przej\u0105\u0107 udzia\u0142 w rynku. Te nowe produkty maj\u0105 ni\u017csze mar\u017ce w por\u00f3wnaniu do produkt\u00f3w opartych na kapsu\u0142kach oferowanych we wsp\u00f3\u0142pracy z g\u0142\u00f3wnymi firmami tytoniowymi.<\/p>\n\n\n\n

4. <\/strong>Status odzyskiwania e-papieros\u00f3w 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>Wp\u0142yw konfliktu handlowego mi\u0119dzy USA a Chinami na 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

\"Chiny<\/figure>\n\n\n\n

FAQ\uff1a<\/h2>\n\n\n\n

P1: Co to jest e-papieros?<\/strong>
E-papieros to urz\u0105dzenie elektroniczne, kt\u00f3re podgrzewa e-ciecz w celu wytworzenia pary. Zapewnia doznania podobne do palenia tytoniu bez spalania tytoniu, ograniczaj\u0105c produkcj\u0119 szkodliwych substancji, takich jak substancje smoliste i tlenek w\u0119gla.<\/p>\n\n\n\n

P2: Czy e-papierosy zawieraj\u0105 nikotyn\u0119?<\/strong>
To zale\u017cy od e-liquidu. Niekt\u00f3re e-liquidy zawieraj\u0105 nikotyn\u0119, podczas gdy inne s\u0105 jej ca\u0142kowicie pozbawione. Wyb\u00f3r zale\u017cy od osobistych preferencji.<\/p>\n\n\n\n

P3: Czy e-papierosy s\u0105 bezpieczniejsze od tradycyjnych papieros\u00f3w?<\/strong>
E-papierosy s\u0105 uwa\u017cane za mniej szkodliw\u0105 alternatyw\u0119, poniewa\u017c nie wymagaj\u0105 spalania. Nie s\u0105 one jednak ca\u0142kowicie wolne od ryzyka i powinny by\u0107 u\u017cywane odpowiedzialnie przez osoby doros\u0142e.<\/p>\n\n\n\n

Masz wi\u0119cej pyta\u0144? Kliknij tutaj<\/a> wi\u0119cej pyta\u0144 na temat 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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