Smoore International’s revenue increased by 18.5% in the first half of 2020

On 26th August, Smoore International (06969.HK) announced the results for the first half of the year ended June 30.

In the first half of the year, Smoore International achieved revenue of RMB 3.881 billion, an increase of 18.5% year-on-year; the group’s gross profit margin increased from approximately 41.5% in the same period last year to approximately 49.0%. The group’s profit and total comprehensive income for the period fell from approximately RMB 920 million in the same period last year to approximately RMB 766 million.

Smoore International’s revenue in the first half of 2020 increased 18.5%

According to the company, the adjusted net profit was approximately RMB 1.38 billion, a year-on-year increase of approximately 40.4%, mainly due to losses from changes in the fair value of financial instruments during the review period.

Due to the impact of the COVID 19 epidemic, the group realized revenue of approximately RMB 1.275 billion in the first quarter of 2020, a decrease of approximately 8.8% from the same period last year.

In the second quarter of 2020, the Group’s production and operations basically returned to normal, achieving revenue of approximately RMB 2.605 billion, an increase of approximately 38.9% over the same period last year.

Published financial report
Published financial report

Under the influence of the epidemic, the performance of companies in many industries fell precipitously. While Smoore International has not fallen continuously, but has grown substantially.

Especially in the second quarter, an increase of about 38.9% over the same period last year, an amazing increase!

The e-cigarettes produced by Smoore International are mainly exported to Europe and the United States. This performance increase on the one hand shows the company’s strength and position in the industry, and also shows the strong demand for e-cigarettes in global market.

VAPORESSO XROS pod mod review – DirtyCheck NO.78

With the IECIE 2020 Shenzhen electronic cigarette exhibition held as scheduled,
Many brands have launched new products one after another.
Captain is also sharing new products with everyone on the spot now,
Those who did not come to the exhibition can also check out the latest product with us here.


XROS introduction

XROS is a newly launched unique vape that brings you an unparalleled customizable experience.

By adopting well-developed MESH pods and an adjustable airflow control system, XROS maximizes the effectiveness of flavour and nicotine satisfaction.

The mighty power of an 800mAh battery is built into the slim body with a classic stainless design. With Type-C fast charge, it only takes 45mins to be fully charged.

Single hand refilling with a visible pod enhances your entire experience, especially with the ability to vape by auto-draw or press-to-fire with the dual-firing mechanism.

VAPORESSO XROS is an outstanding invention devoted to crossing the limits of the existing MTL devices.


XROS parameters

Size: 112mm*23mm*13mm
Cartridge capacity: 2mL
Pod resistance: 1.2ohm Mesh/0.8ohm Mesh
Battery capacity: 800mAh


XROS features

● Refill on top of the flip cover
It is very easy to fill the e-juice with the clamshell top filling, only one hand is needed, and it will not cause confusion.

● Dual ignition mode
Provide two modes of manual ignition and air switch, switch at will

● 800mAh built-in battery
Fully meet the needs of daily use, support 1A tpye-C fast charging

● Visible oil tank
The visible oil tank allows you to pay attention to the dosage and avoid dry burning which will lead to the short life of the cartridge

XROS colors


XROS user experience

The appearance and size of the product are the type I like very much

It has a proper weight, not heavy nor light.

The stainless steel coating makes the whole body very shiny.


In terms of cartridges, the quadruple leak-proof design will not make you embarrassed by e-liquid leakage

The Axon core also gives the pod a continuous and comfortable output environment.

The cartridge uses MESH technology to ensure the restoration of the flavors and throat hit.

Although it is an MTL device, it has a good amount of smoke.


In terms of taste, I prefer the 1.2ohm cartridge.

It feels better handled than 0.8ohm cartridges.

Especially the details of taste are well shown.

With the unique configuration of this machine, air intake adjustment.

It fully shows every fine-tuning feeling.



XROS as an MTL pod device, its performance is very good.

Whether it is nicotine salt or high nicotine e-liquid, they all come with a good experience.

Of course, Captain still recommends 1.2ohm cartridges,

The overall feeling will be much better than 0.8ohm.

The overall feeling of this device is delicate and rich.

Excellent user experience makes the merits of the e-liquid shown.

That’s all, I’m Captain Dirty, see you next time.

Where to buy XROS vape


Vaporesso announces PMTA plans

Vaporesso and parent company Smoore International have announced plans to submit their products for regulatory approval.

In a brief video posted to Vaporesso’s official YouTube channel on 28th July, the company showcased its design and engineering credentials, including a highly automated production line, before going on to re-affirm its commitment to the PMTA process.

On the looming federal US regulations, imposed by the Food and Drug Administration (FDA), Vaporesso said:

“We have invested the most in the PMTA and gathered a professional team to do it right, to enhance long-term partnerships and to bring high-quality vaping experiences through our products”

What is a PMTA?

A PMTA (Premarket Tobacco product Application) will soon be required to legally market any “new tobacco product” within the US.

Since vape products fall under the designation of tobacco product, this regulation may result in significant changes to the availability and choice of vaping products in the US market.

The FDA’s industry draft guidance can be found here.

A deadline for PMTA submission was previously set for May 12 but due to concerns that COVID-19 would disrupt this process, the FDA filed a request for a 120-day extension.

Judge Paul Grimm of the United States District Court for the District of Maryland accepted this request and the deadline was subsequently moved to September 9.

VAPORESSO BARR review – DirtyCheck No.74

We will introduce you an old friend’s product today, Smoore’s BARR.


BARR introduction

Official description

BARR meets your fashion needs, and it is portable.
The slim figure comes with modern design and developed MESH atomization tank,
Its appearance and taste surprise you,
The entry-level e-cigarette experience makes vaping easy.
In addition, the innovative airflow system allows you to adjust in a safe and disorder-free manner.
Not only can you satisfy your taste buds, but it is also a wise way to express your fashion identity.

In fact, we can see that the product itself is a prototype, which is quite special and pretty.


BARR parameters

Size: 13mm*13mm*110mm
Pod capacity: 1.2mL
Power: 13W
Pod tech: 1.2ohm Mesh POD
Battery: 350mAh
Support tpye-C fast charging

BARR colors

Gradient green, gradient red, gradient blue, pink, black, silver

BARR user experience

The product experience really impressed me.
Its auxiliary power adjustment,
Different “vaping” symbols are engraved on the cartridge,
1-4 gears,
When you use different gears corresponding to the air hole size,
There will be a different vaping experience.
This is also a characteristic adjustment function in the field of pod vapes.
You can also see some fine-tuning designs in the airhole.


As to taste,
After Captain’s use on different e-juices,
Captain summarized a few points:
BARR can easily handle nicotine salt e-liquids,
And has excellent vapor amount,
It produces good taste.
When using 6mg and 9mg conventional e-liquid.
The vaping effect is not very complete,
It feels like filtering out some flavors.


The 350mAh battery is insufficient in daily use,
It can’t support good battery life, this experience is very bad.
The pod has a small capacity,
The vaper has to add vape juice after smoking for a little while.
Overall speaking, this battery life is very bad.



After the detailed experience,
We found this is a device that’s suitable for nicotine salt and those vapers with low nicotine addiction.
It has a good advantage in the field of pod vape in terms of lightness and soft functions.
The durable appearance also feels like business fashion.
It is also quite good in the vaping of nicotine salt.
But the overall endurance is relatively poor,
Not suitable for long time use.
There are no accessories such as lanyards and alike,
Which reduced the added value of the product.
Is such a device worth it?
On August 20th, it’s recommended to take a try at the Shenzhen exhibition yourselves.
Let’s experience BARR together,
Alright, I’m Catapin Dirty, see you next time



Vaporesso Gen S and Gen nano review – DirtyCheck No.68

Vaporesso, an evergreen tree in the industry,
Continuously delivers new vaping machines in the industry.
Whether it’s mod vape or pod vape,
Its machines are constantly updated and strengthened.
Today, I bring you its new series.
Gen S and Gen nano

Vaporesso Gen S and Gen nano review

Product introduction

Gen S

GEN S 220W kit is a high-power device,
Equipped with NRG-S atomizer, using GT mesh atomizing core (GT 4 mesh coil is optional).
With the support of AXON chip,
The device will pass the pulse mode with a consistent taste and dense vapor throughout the process.
A well-developed chipset also breaks the boundaries of user-friendly operating systems.


• Upgraded mesh coil
• Pulse mode
• Powerful chip
• Top oil filling
• Easy to replace the atomizing core

Vaporesso Gen S and Gen nano review

Gen nano

Magical power in your pocket, compact,
Enjoy the best taste and dense vapor released by the GTX coil in the latest GTX tank 22.
The 2000mAh built-in battery in this compact body guarantees power supply.
Making the all-day use and portability of GEN NANO better.


• Powerful chip
• GTX atomizer core and GTX atomizer 22mm
• Portable size
• Ergonomic design
• 2000 mAh built-in battery

Vaporesso Gen S and Gen nano review


Gen S

Up to 12 colors

Gradient lime green, cherry powder, frosted gray, midnight blue, rose gold, silver, black, gold, gradient black and red, gradient black and blue, gradient black and green, gradient black and purple

Vaporesso Gen S and Gen nano review



Gen nano

6 colors

Silver, black, gradient black and blue, gradient black and red, gradient black and green, gradient black and purple

Vaporesso Gen S and Gen nano review


Gen S supports GT series atomizer core,
Originally equipped with GT4 atomizing core and GT meshed atomizing core;
Gen nano supports GTX series atomizing core,
Originally equipped with GTX0.2 MESH atomizing core, namely GTX0.6 MESH atomizing core.
Everyone must distinguish this clearly.
Although it is the same series, the atomizer size is different.
Both have fat glass tank and normal glass tank configuration,
Gen S capacity is 8mL/2mL;
Gen nano capacity is 3.5mL/2mL.
Both devices support an external 510 universal atomizer.

Vaporesso Gen S and Gen nano review

Vaporesso Gen S and Gen nano review


Gen S machine parameters

Size: 145.5mm*53mm*30mm
External 18650 battery

Vaporesso Gen S and Gen nano review

Gen nano machine parameters

Size: 115mm*40.3mm*24.2mm,
Built-in 2200mAh lithium battery,
The first two devices are equipped with Vaporesso core chip,
Support various power selection,
ECO mode, intelligent temperature control mode,
And the VW mode, CCW mode, VV mode, VT mode, BP mode, SP mode in DIY mode.
Vapers can set the mode according to their preferences.

Vaporesso Gen S and Gen nano review

User experience

Gen S

Gen S is a device for mod vapers.
In terms of taste, it has a rich taste and quite excellent vapour amount.
With GT series atomizing core, and you can try more options.
The smoke oils used by Captain are 3mg mango juice and 0mg vape monster.
Gen S performance is not very good in terms of details,
But the rich smoke makes up for the lack of taste,
The overall feeling is powerful, very suitable for vapers who like mod.

Vaporesso Gen S and Gen nano review

Gen nano

Compared to the powerful performance of Gen S,
The setting of Nano is a device with partial vaping and taste experience.
With the GTX series atomizing core, the taste brings you the best experience.
Here also use 6mg of KC Pecan e-liquid and KC Three Milk Marshmallow e juice,
In terms of vaping, there is really no doubt that it will have a bad effect on your taste.
It is a bonus for vapers who don’t like DIY.
The vaping function feels very good,
A taste no less than DIY.
This taste is the best choice for vapers.

Vaporesso Gen S and Gen nano review


Two devices in this GEN series have their own advantages.
If you like mod vape, you can choose GEN S,
Vapers who like taste can choose GEN NANO,
Regardless of workmanship and function, NANO can be regarded as a very good entry-level device.
So many choices of the atomizer core for vapers.
You can choose your own suitable atomizing core according to your own requirements.
This GEN series device didn’t bring me many surprises,
But at least it brings me no disappointment.
The size of GEN S looks kind of bulky,
While nano will be smaller and lighter.
The slush molding feel is very good.
I believe nano will be your first choice for entry-level devices in the near future
Alright, I’m Captain Dirty, see you next time.

Where to buy Vaporesso Gen Nano

Where to buy Vaporesso Gen S

Vaporesso Gen S and Gen nano reviewVaporesso Gen S and Gen nano review Vaporesso Gen S and Gen nano review Vaporesso Gen S and Gen nano review

SMOORE, VAPORESSO’s Parent, brought the First Vaping Billionaires After Listing

The world’s biggest vaping device provider, VAPORESSO‘s parent company, SHENZHEN SMOORE TECHNOLOGY LTD (SMOORE), has become the first in the vaping industry to announce an IPO in Hong Kong, with a total market value of over 21.8 billion USD – triple the estimated value before IPO.

A milestone event in vaping history.

On December 19, 2019, SMOORE submitted the listing application materials to the Hong Kong Stock Exchange in the name of the holding company SMOORE International Holdings Limited. At 9:30 am on July 10, 2020, SMOORE International (6969.HK) was officially listed on the Hong Kong Stock Exchange.

Who’s SMOORE? And how it achieved those significant achievements so far?

As the world’s largest provider of vaping equipment, SMOORE constantly aims to improve the status quo and is committed to bringing a unified and complete standard to the entire vaping industry. The listing in Hong Kong has provided SMOORE with a strong supporting role in setting the industry benchmark. Hiring more employees in the R&D field than employees in the sales team, it’s obvious the significance SMOORE puts on the innovation part. With 14 years’ experience in the field of OEM/ODM, it’s no wonder that, according to Frost & Sullivan, based on 2019 revenue calculations, SMOORE accounts for 16.5% of the total market share. Synonymizing with high quality, SMOORE has obtained its professionality in heating element technologies, which has been passed down to its sub-brands’ products, giving them the same innovative and safe qualities.

Being a vaper, you definitely know VAPORESSO, which is an owned vape brand of SMOORE since 2015.

As one of the sub-brands, Vaporesso has inherited SMOORE’s spirit and incorporated it into its own mission to be Beyond the Ordinary. With cutting-edge ingenuity, VAPORESSO is dedicated to satisfying its customers with the high-quality vaping experience. VAPORESSO’s products – such as VECO, ZERO, LUXE and the GEN family – cover the full range of open-system vapes and fulfil the various needs from the vapers.

So far, along with SMOORE, VAPORESSO’s business has spread to more than 60 countries and regions around the world and has established a substantial brand influence in Europe, America, and emerging markets.

But VAPORESSO’s efforts far exceed that. By working closely together with partners, with its consistent innovation and craftsmanship, VAPORESSO will keep providing high-quality products and services for the existing 800 million happy users and counting, thereby providing a better future for the vaping industry.

Leading Chinese vape firm raises $918m in IPO

Seemingly unaffected by the political turmoil and rancour of recent weeks, Hong Kong has witnessed its largest initial public offering of the year so far.

Smoore International, a leading Chinese e-cigarette and vaping firm, raised $918m (£734m, €812m) on Monday and is due to start trading on the Hong Kong Stock Exchange on Friday.

Analysts had predicted that the company would raise at least $800m. However, pricing its 574 million shares at HK$12.40 ($1.57) each, the top end of its prospective range, Smoore International was able to beat expectations.

According to its prospectus, before this week’s listing, the firm had secured a total of $340m in funds from ten key investors. Huaneng Trust and Prime Capital led this pack, with stock worth $80m and $50m, respectively.

Smoore’s profits surged in 2019, rising to 2.17bn ($310m) yuan from 733.9m yuan in the year before.

Although the Covid-19 crisis is expected to dent the firm’s 2020 performance, investors will no doubt be focusing on the long-term changes in Chinese smoking habits.

China has the largest smoking population in the world, with around one in four Chinese people being habitual smokers. The nation accounts for around 40 per cent of global tobacco consumption.

The Chinese government has implemented a number of measures since the turn of the century to discourage tobacco consumption, most notably its 2030 Healthy China program which seeks to reduce smoking prevalence to 20 per cent.
Vaping and e-cigarette firms have endeavoured to capitalise on such shifts in social habits.

However, this government mandated push to discourage unhealthy habits could prove a double-edged sword. The success of the likes of Smoore International will depend to a large degree on the government’s attitude to its relatively new technology.

This attitude can already be said to be mixed. Beijing has allowed Chinese e-cigarette firms such as Smoore, Yooz, RELX and FLOW to grow and attract significant levels of international investment.

However, regulators have also banned the online sales of these products and state propaganda has openly discussed the potential harm they cause.

Smoore to be listed in Hong Kong on July 10, 2020

On June 29, e-cigarette maker Smoore announced on the Hong Kong Stock Exchange that the company will issue shares from June 29 to July 3, issuing 574 million shares, of which 88% are international offerings and 12% are public offerings. There is also no more than 15% over-allotment option. The issue price per share is between 9.6-12.4 Hong Kong dollars and is expected to be listed on July 10.

Smoore, established in 2009, mainly provides vaporizing technology solutions, including electronic atomizing devices and electronic atomization components for manufacturing heat not burn products based on ODM. According to Frost & Sullivan, Smoore is the world’s largest manufacturer of electronic vaporizing devices in terms of revenue in 2019, accounting for 16.5% of the total market share. On December 19, 2019, Smoore issued a prospectus on the Hong Kong Stock Exchange and planned to list in Hong Kong.

The prospectus shows that in 2016-2019, Smoore’s revenue was 707 million yuan, 1.565 billion yuan, 3.434 billion yuan, and 7.611 billion yuan, with a compound annual growth rate of 120.8%; gross margins were 24.3%, 26.8%, and 34.7%, respectively. , 44.0%, showing an upward trend. From a regional perspective, the Smoore market is concentrated in the United States, China, Japan and Europe. Among them, from 2016 to 2019, the revenue from the largest market in the United States accounted for 50.1%, 42.7%, 40.4%, and 21.8%, respectively. At present, Smoore has achieved profitability. The company’s net profit increased from 106 million yuan in 2016 to 2.174 billion yuan in 2019, with a compound annual growth rate of 173.5%.

It is reported that based on the issue price ceiling calculation, Smoore plans to raise HK$7.12 billion before exercising the over-allotment right. The company expects to start trading on the Hong Kong Stock Exchange on July 10.

What are the risks when investing in Smoore

Smoore is going public in Hong Kong soon. For such a company that maintains high-speed revenue growth, what are the risk points worth paying attention to before investing?


The first is that Smoore’s main income comes from overseas sales, so the company has exchange rate fluctuations and trade friction risks.

From the geographical distribution of business revenue, the company’s electronic atomization products are mainly sold to the United States and European countries. According to the prospectus, from 2016 to 2019, the company’s main operating income mainly comes from China, the United States and other regions. Although the proportion of China’s income is increasing, it will only be 21% by 2019, and the income of the United States and other regions will still account for 79% by 2019.


Second is the dependence on overseas distributors.

Smoore uses the overseas distributor sales model. As of the end of 2019, the company has 260 distributors worldwide, mainly in the United States, France and the United Kingdom. From 2016 to 2019, the revenue generated by the company’s distribution model accounted for 26.9%, 44.4%, 50.4% and 31.0% of the company’s total revenue, respectively. Since some distributors have a relatively short relationship with the company, the company advised in the prospectus that if the orders of any of the company’s major distributors are reduced, delayed or cancelled, most of the company’s business will be reduced.


The third is the risk of excessive concentration of customers.

According to the company’s prospectus, from 2016 to 2019, the company’s top five customers accounted for 73.7%, 65.6%, 55.3%, and 63.0% of the company’s total revenue respectively, accounting for a relatively high proportion. Therefore, the company faces a rick of high concentration of the top five customers. And among the top five customers in 2019, four of them are overseas customers, whose revenue accounts for 51% of the company’s total revenue in 2019. The global outbreak of the novel cronavirus pneumonia epidemic has hindered trade between countries and the company’s overseas business by certain.


The fourth is policy risk.

The company has 21% of its income from domestic. There is great controversy over e-cigarettes in China, and regulation is becoming stricter. In November last year, the State Tobacco Monopoly Administration and the State Administration of Market Regulation and Administration jointly issued the “Notice on Further Protecting Minors from E-cigarettes”, urging e-cigarettes Production and sales enterprises or individuals close the e-cigarette Internet sales website or client in time, e-commerce platforms close e-cigarette stores and remove e-cigarette products in time, and e-cigarette production and sales enterprises or individuals withdraw e-cigarette advertisements published through the Internet. During the two sessions in May this year, some delegates suggested that as e-cigarettes gradually become a new source of harm to public health and environmental pollution, and suggested that China should gradually ban the production and sale of e-cigarettes.


The above risks are from the Smoore company’s prospectus, noticing them before investing would make your consideration more complete and wiser.

Vaporesso GTX One mod review – DirtyCheck No.58

Although nicotine salt pod vape occupies a large majority of users, there are still a considerable number of vapers who choose MTL mod vape, then Vaporesso, as the current industry leader, will certainly not give up this market and launched the GTX ONE kit. If you like mouth-to-lung or slightly direct-to-lung devices, but don’t like DIY, this GTX One kit suits you best.

Vaporesso GTX one review

Vaporesso GTX One Specifications

Vaporesso GTX One 40W Mod
GTX tank 18mm atomizer
GTX 0.8ohm mesh coil
GTX 1.2ohm mesh coil
Spare small tank
User Manual

Vaporesso GTX one review

Kit Content

The whole is made of GTX Tank 18mm atomizer and GTX One 40W device.


Size: 127.5×29.3×22.7mm
Built-in 2000mAh lithium battery
Type-C supports up to 2A current charging
0.69 inch OLED display
5W-40W power adjustment

There are 6 colors,

Black, silver, red black, blue silver, dark green, pink silver

Vaporesso GTX one review

GTX Tank 18mm atomizer

Support current vaporesso major atomizing core
Only used for various taste needs


The device uses a non-slip coating like the SWAG 2nd generation mod, just like the sugar-plastic process, which is slightly harder. The feeling on hand is particularly good. The 2000mAh battery capacity is very suitable for such a portable device, and the charging speed of Type-C is really fast, especially good for emergent use, the first 20% of the electricity can basically be charged completely within 5 minutes, very efficient and useful.

Vaporesso GTX one review

The atomizer has an 18mm size. It is very good to match such a small mod, and the whole is also very coordinated. There is a difference in capacity between the original glass tank and the spare glass tank. The simple point is a fat tank (3mL), a conventional (2mL), you can also choose according to your needs.

The adjustment of the atomizer is only through the small hole adjustment, which also shows that this atomizer is prepared for that group of people, that is, friends who love slightly directly-to-lung and mouth-to-lung vaping.

The atomizer adapts to the current GTX major atomization core. Friends who have seen the review from Captain Dirty should understand that there are many types that can basically meet the conditions for various vape juice. It’s very good.

Vaporesso GTX one review

Vaporesso GTX One User Experience

Press the adjustment keys together to switch the mode,
Mainly smart mode, power mode is commonly used by everyone
Smart mode is to echo its GTX core group
It intelligently specifies the corresponding performance according to the data of the atomizing core.

Vaporesso GTX one review

GTX 0.8ohm mesh coil

Suitable for vaping a single taste, the advantage is to enhance the richness of vapor and taste.

Like the fruit flavor, the tobacco flavor is very suitable for the core of GTX 0.8ohm mesh coil.

The disadvantage is that the sweetness is too fierce. For those with low sweetness requirements, you can give up this atomizing core.

Suitable for vapers who love direct-to-lung vaping.

GTX 1.2ohm mesh coil

Suitable for vaping compound flavors, the vapor resolution is soft and precise,

The satisfactory analysis is suitable for experiencing some flavors of compound desserts or fruits,
The performance is very satisfactory, I just like the dessert type,
Sometimes even better than DIY done by yourself.

A relatively bad experience is that when refilling the oil, it may be the problem of air pressure, condensation and sealing,
As a result, the experience of the first few mouths after the oil injection is not comfortable, and sometimes there will be a lot of condensation running out,
The solution to the problem is to dry burn the core a few times, and it will be solved better.

Vaporesso GTX one review


At present, such MTL devices are preferred by DIY vapers. Products such as VAPORESSO are undoubtedly outstanding, which reduces the threshold for novices to enter this MTL field at this stage, and also gives friends who hate DIY a great comfort and convenience. It is really contributing to this industry.
The overall feel and experience of GTX One are also very good, suitable for beginners.
The current configuration is relatively close to perfect, and the late GTX RBA also provides convenience for new vaping beginners who are going to DIY, which is very good.
The only disadvantage is that the current 18mm atomizer needs to be upgraded. Solve the above problems to make it have better benign development and a better experience.
Ok, I’m Captain Dirty, see you next time.

Where to buy Vaporesso GTX One mod @ $45.9

Vaporesso GTX one reviewVaporesso GTX one review Vaporesso GTX one review Vaporesso GTX one review Vaporesso GTX one review