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Daily News on Vape Industry March 28th, 2024

  1. In February 2024, China’s exports of vapes to Germanwere approximately US$37.4 million, a month-on-month decrease of 44.03%, and a year-on-year decrease of 11.8%; the export volume was approximately 555 tons, a month-on-month decrease of 33.13%, and a year-on-year increase of 40.13%.


  1. The 2023 annual report released by Yinghe Technology (300457) shows that its subsidiary Sikaryachieved operating income of 3.34 billion yuan and operating profit of 1.17 billion yuan; net profit was approximately 1 billion yuan, a year-on-year increase of 1043.51%.


  1. For the year ending December 31, 2023, Boton Group’s net profit was approximately 141 million yuan, a year-on-year increase of 66.5%.


  1. Imperial Tobacco Canada stated that the consequences of the flavoring ban in Canada include the growth of a black market, causing the vapemarket to become underground again, just asbefore vapes were legalized in the country in 2018.


  1. The FDA announced that it has issued warning letters to 61 physical retailers for selling unauthorized vapes.


  1. Scotland’s Public Health Minister Jenny Minto said that the government will soon introduce a memorandum of consent for legislation that means young people born on or after January 1, 2009 will never be able to legally buy cigarettes.