思摩尔国际(06969.HK):回购彰显长期信心 HNB业务稳步增长
Ge Long Hui·2026-01-28 21:25

Group 1 - The company conducted significant share buybacks on December 11 and 12, totaling nearly 200 million HKD, reflecting management's long-term confidence in the company's value and future growth [1] - On December 11, the company repurchased 8.14 million shares at an average price of 12.26 HKD per share, costing 99.77 million HKD, and on December 12, it repurchased 7.99 million shares at an average price of 12.48 HKD per share, costing 99.76 million HKD [1] - The proportion of shares held by the trustee increased from 1.2853% to 1.5457% following these buybacks [1] Group 2 - In Q3 2025, the company's revenue reached approximately 4.197 billion RMB, a year-on-year increase of 27.2%, driven by the successful launch of heated non-combustible (HNB) products in major global markets [1] - The company benefited from stricter global regulations leading to the elimination of non-compliant products, positioning itself as a compliant leader in the industry [1] - Adjusted net profit for Q3 was approximately 444 million RMB, reflecting a year-on-year growth of 4.0%, with effective cost control as the growth rate of expenses was lower than that of revenue [1] Group 3 - The company is recognized as a global leader in electronic vaporization, focusing on R&D and technological leadership [2] - Future revenue projections for the company are 14.108 billion RMB, 16.717 billion RMB, and 19.867 billion RMB for 2025-2027, with year-on-year growth rates of 19.57%, 18.50%, and 18.84% respectively [2] - Net profit forecasts for the same period are 1.043 billion RMB, 1.931 billion RMB, and 2.726 billion RMB, with growth rates of -19.93%, 85.12%, and 41.14% respectively [2]