Sigelei loses 23.1281 million yuan in 2019

On May 4, Sigelei (871818) released its 2019 annual report. In 2019, the company achieved an operating income of RMB 107,408,097.46, a year-on-year decrease of 52.25%; it realized a net profit attributable to shareholders of listed companies of RMB -23,148,091.24, which was a year-on-year profit turnaround.

At the end of the reporting period, the company’s total assets were 134,159,304.00 yuan, down 31.55% from the beginning of the period; the net assets attributable to shareholders of listed companies were 84,160,444.77 yuan, down 21.57% from the beginning of the period.

It is understood that operating income decreased by 52.25% over the same period of the previous year, mainly due to the impact of increased tariffs in the United States in 2019, and New York State announced a ban on the sale of flavored electronic cigarettes. On November 1 this year, the State Tobacco Monopoly Administration and the State Administration of Market Regulation and Administration issued the “Notice on Further Protecting Minors from Electronic Cigarettes,” requiring all Internet online channels to stop selling e-cigarette products, leading to a decline in sales.

Operating costs decreased by 42.68% over the same period of last year, mainly due to: operating income decreased by 52.25%. Due to fierce market competition and the impact of increased tariffs in the US market, this year’s product revenue decreased, resulting in lower costs.

Administrative expenses decreased by 23.13% compared with the same period of the previous year, mainly due to: the current salary decreased by 1.4 million and other expenses.

R & D expenses increased by 29.22% over the same period of last year, mainly because: the company continued to increase investment in product research and development.

Sales expenses increased by 23.39% over the same period of the previous year, mainly due to: the increase in advertising expenses and business promotion fees.

According to the online data, Sigelei is a professional electronic cigarette manufacturer and brand operator integrating R & D, production, sales and service.

Stubborn Lone Wolf – SNOWWOLF WOCKET POD SYSTEM Review

Hello, everyone. I’m glad to meet you at VAPE HK. Did you have any new device or practice your old coiling art honestly? It doesn’t matter. What matters is that you can find out your favorite device and use it all the time.

Today, I’d like to share a small device that is suitable for vaping nicotine salt with rich vapor amount. If you’re considering to start with a starter kit while being afraid that its battery life is not enough, or if you’re a mod user who wishes to try something new, it’s recommended to try this mod that Captain Dirty brought to you today.

Brand brief view

Let’s talk about the brand first.

SNOWWOLF, if calculated by time, is not too much to say that it is a manufacturer from the ancient dinosaur age with fossils outside. However, the rate of exposure in public of their product is not satisfactory in recent years. Perhaps its overseas business is their main focus. Anyway, the first box mod of Captain Dirty is the mirror suface 200W SNOWWOLF. If you remember correctly, there was also the ASMODUS trademark on it. It’s not surprising that Sigelei SNOWWOLF box mod is also this SNOWWOLF. My God, speaking of this, Captain Dirty really can’t see the whole strategic deployment of SNOWWOLF clearly. In a words, it’s quite puzzling. Let’s just feel the device well. It’s better to bring you a really useful device than analyze the market and brand too much.

Product description

Product packaging:

It adopts the common drawer type subpackage, pulls out the paper box showing the SNOWWOLF logo inside the outer package, opens the paper box, the product is clear at a glance, the device is with plastic film protection, a series of bla bla bla bla instructions, warranty cards, quality certificates and a bright charging line that’s offensive to the eye of Captain Dirty, and the charging line has the SNOWWOLF logo.

SNOWWOLF WOCKET POD SYSTEM

SNOWWOLF WOCKET POD SYSTEM

SNOWWOLF WOCKET POD SYSTEM

To put it simply, if this kind of packaging wants to be sold in China at present, obviously, there is something lacked to please the eyes of the customers. In terms of design, it’s well behaved and compact, and all the things it should express are shown.

SNOWWOLF WOCKET POD SYSTEM

The packing of the tank is a consistent international style still. Amazingly, the tank is not in the same packing with the device, which makes me puzzled about how the manufacturer dude thinks by taking the separate packing mode.

SNOWWOLF WOCKET POD SYSTEM

Product overview:

The device has power settings. The ignition key and adjustment key are distributed on both sides of the display screen. The screen is not LED at present, but an old-fashioned “pixel screen”. Looks a bit of cheap.

SNOWWOLF WOCKET POD SYSTEM

Both the front and back are black mirrors, with logo and product name on them. Because Captain Dirty got the solid color, I think the highlight is the stable wood resin panel. Unfortunately, the playability is not high, and there is no panel replacing way.

SNOWWOLF WOCKET POD SYSTEM

The power is set as a cycle, with only one adjustment key. The lowest value is 5W, and the highest value is 20W. It’s suitable for vaping nicotine salt vape juice, needless to say. It’s the taste type one.

SNOWWOLF WOCKET POD SYSTEM

The tank is 3ml, which is about 0.5ml-1ml more than most of the pods on the market. The quantity is absolutely enough for all the old vapers and starters.

I like the design of the mouthpiece very much. In short, it’s a bit old style. The 510 interface mouthpiece can be replaced. The mouthpiece has adjustable air holes. It can be adjusted freely according to your own taste or replaced by yourself according to your preferences.

The atomizing core is quite in line with the current trend. It has a new and durable mesh with good heating uniformity and less carbon deposition, which is obvious.

There are two places to adjust the air intake. The bottom of the atomizing core is not only the bracket, but also the air intake regulation of the mouthpiece itself.

SNOWWOLF WOCKET POD SYSTEM

Usage:

In order to truly reflect the taste of this device and so on, three kinds of e-liquid were used for testing.

Let’s talk about the feelings:

1. Refiner litchi flavor 35mg (nicotine salt version)

10W The taste is not good, and it lacks the processing details.

15W The taste is just right, but the details are still lacked.

2. Classic flavor of Milk Donkey 3mg

10W Can’t feel the taste, pure vapor and throat punch.

18W Pure taste and it makes you comfortable

3. VP (nicotine salt version)

15W is suitable and tastes comfortable

Comprehensive feeling: because of the reticular heating, it heats up quickly, and vapor comes out instantly after sucking, the user experience is better.

The above data is for reference only

SNOWWOLF WOCKET POD SYSTEM

Verdict

SNOWWOLF WOCKET POD SYSTEM

From the product itself, the workmanship is rough, but also acceptable to consumers. In terms of the product’s extensibility, it is actually unlimited, after all, it can be improved too much, such as other choices of different power atomizing cores in later use, and the upgrade of the product’s appearance playability. As for the experience, I think it can meet the eligible standard. It has reached certain standards in terms of box mod and replacing cigarettes. And it can switch back and forth. I think it is a good highlight. Whether the stubborn lone wolf is strong or not, whether it needs more experience, it needs more feedbacks from the mouth of more vaper friends.

I’m Captain Dirty, see you later.

Sigelei CEO criticizes the ceramic heating core scam painfully

Interviewer: Why are many brands still using ceramic core atomizers?

SIGELEI CEO: I was the first one to make ceramics heating core in the industry. When I worked as an engineer in Jieshibao, I developed absorbent ceramics. At that time, I also applied for a patent, called absorbent ceramics electronic cigarette. At that time, I wanted to use pod to drive the mod business. Later, I abandoned this project with my departure. Later, I worked with Americans to make a ceramic chip, but I still use cotton tie in it. One advantage of this product is that it is very simple and fast to assemble, which reduces the production cost. Another reason for the rise of ceramic cores is that there are big pushers behind them. You can see who pushed the ceramics up and who spent how much money to promote them. Ceramic core gets popular virtually in one year or two years. From the beginning of electronic cigarette to now, why cotton core has always been popular. Why cotton heating core has been alive to now, and is still very sold well. For the whole electronic cigarette industry, ceramics heating core is just the tip of the iceberg. The best taste is mod vape DIY that uses cotton heating core. The only advantage of ceramics is to make its producer rich quickly.

Above is a part of the interview to the SIGELEI CEO, here comes the rest.

SIGELEI

Interviewer: What are the advantages of SIGELEI pod vape?

SIGELEI CEO: We started our business in September 2011. We also made pod vape then. The shape of the pod system was the same as that of today’s pod. But the atomizers and batteries were not so good at that time. The earliest ceramic core for atomizers was abandoned by consumers. Later, we led people to the direction of mod vape.

At that time, the vape processing was relatively scattered, atomizers producers make atomizers only, batteries producer make batteries only, and box producers make boxes only. Customers then wanted to buy them all at once. Initial consumers bought atomizers, boxes, batteries, chargers and e-liquids from different shops. Now we can do it all by one company, so the starter kit is made. In the past, no enterprise could control all the chains alone. At that time, because the quality was not good enough, producers could not make a finished product by ourselves. And at that time, people bought electronic cigarettes with problems do not know who to look for, no after-sales. Little brands can make a finished product in the whole industry. Electronic cigarette device, atomizer, e-liquids are made by ourselves, we have been in good shape many years ago, but not integrated together, now just integrated together.

That’s why RELX didn’t open its own factory to do it. Now FLOW started to build his own factory to do it. It’s certainly not that easy. There will be a lot of problems waiting for them.

The industry needs expertise, even if a group of professionals are invited to do it, it will take a long time for the team members of different personalities to adapt to each other, there will be a lot of problems. It depends on whether they can bear a bad result.

SIGELEI glori

Interviewer: Why did SIGELEI start making pod vapes at this time?

SIGELEI CEO: Our company has been doing a good job in box mod. SIGELEI has become a synonym for mod, and its position in the industry is very stable. We have been following the vapers who understand electronic cigarettes, responding with continuous research, continuous innovation, which builds the achievement of SIGELEI today.

China’s logistics and e-commerce are well developed, and the release of information is very fast, unlike in the United States, we are going through channels.

If we want to enter the Chinese market, we first need to know the national policies and regulations, which direction electronic cigarettes will go. I’m the president of the Electronic Cigarette Association. I already know which direction I’m going to go. The Chinese market is now popular with small cigarettes. We will do what Chinese consumers like, and then we must cater to the national policy.

I can’t easily disclose the China policy orientation too directly, but everything is going well. The electronic cigarette industry will certainly have a place in China. The state will certainly regulate it, but it tends to assist the promotion of the vape industry and help the industry get better and better.

SIGELEI glori

Interviewer: What are the main functions of Shenzhen Electronic Cigarette Association?

SIGELEI CEO: Shenzhen Electronic Cigarette Association was founded in 2015. At that time, people wanted to hold a group to get some warn. We tried to make our voice heard by the government. We could not allow some media to smear electronic cigarettes. We hope to have a dialogue with the government.

SIGELEI

Interviewer: Do you think it’s too late for SIGELEI to join the pod vape market now?

SIGELEI CEO: At present, electronic cigarette technology is king, not sales channel. Channels are useless. In the past, there was No. 1 enterprise in the industry, but they disappeared overnight because of the technological progress of us behind. Our product did not leak e-juice while theirs leaked. People cannot found their leakage free products overnight then the sales channels disappeared eventually. Those products that depended on channels disappeared in minutes. It is equivalent to the current internet enterprises. The low price is due to the immaturity of the products, so it is meaningless to fight the price war. In the end, it would be banned. It would better to earn some quick money.

Some people say that the development of electronic cigarette technology makes the products similar today, there is no big difference. I can only say that without experiencing good things, you won’t think about this issue, nor will think about if you’re right.

SIGELEI

Interviewer: Why don’t you rebrand pod, but continue to use the brand of SIGELEI?

SIGELEI CEO: I think rebranding doesn’t help much. A new brand needs to foster consumer trust, and we don’t need to spend any more time doing that by using SIGELEI.

SIGELEI

Interviewer: Does SIGELEI have a financing plan recently?

SIGELEI CEO: Financing is certainly a good thing, but if some companies do not have their own research and development, but focus on the marketing, financing is not a good thing for it. I do not exclude financing and capital. I hope that capital will support industry more and not some short-term interests. You can pursue your short-term interests, but don’t destroy the target needs of an industry.

Some people asked if the electronic cigarette industry would be like the taxi renting APP Uber. I think that Uber is something that can be seen and touched, but electronic cigarettes are different. Does anyone think about whether this thing is healthy or not? Would you magnify the word “health”? Is it really 100% harmless? But some people can magnify it in the form of capital, it’s only a little better than cigarettes, but you brag it into perfect. I don’t think it’s good enough to be honest. If we give this experience to industrial factories, people who do business are naturally pragmatic and naturally do not boast too much, then the industry will not be so inflated. Now the capital only finds some people who write PPT, only some who will boast, and will definitely be abandoned by consumers. The electronic cigarette industry will not be killed if it has real ability, especially in recent years, the electronic cigarette industry has achieved good results. Money isn’t a must to do a good job of the product, a good product doesn’t mean much of cost. Of course, many people lack money, and hope to find more money, but some brands get capital to hire a group of people. But after a year, they did not produce a product. The greater the capital, the greater the disgrace after the brand did an awful job. Lies can only deceive people for a while, not for a long time. The first group of people like to invest in Internet companies, but now investors like to look for factories. Now I have access to a lot of capital, but we have to choose the ones that integrate with our resources. I don’t need their money purely, but I need their resources.

SIGELEI glori

Interviewer: What’s your expectation to glori?

SIGELEI CEO: I hope glori can lead the industry, be more environmentally friendly, set up an industry benchmark, let everyone take cotton core as the leading factor, make everyone be healthier, make everyone know the difference between cotton core and ceramic core, if you feel that cotton core is healthier, its mission will be completed.

Vapor through ceramics heating core sucked into the lungs, into the blood, causes discomfort and illness. It can not be detected for decades. It can not be found out in a short time. I know the situation of ceramic suppliers like FEELM. The material of first batch is totally different from the second batch. The third batch is still different. What is the inspection standard for the materials? The true situation of supply and demand now is, even if the quality is not good, the products should be produced still. Anyway, everyone fight for money, more exactly, many people try to make quick money.

But when the cotton core is burnt, it can be seen. While the burnt ceramic core can’t be seen. You don’t know what is inhaled into your lungs. The smoke just feels lighter, but you don’t know what is sucked into the lungs is also particles, small sand particles, small aerosal particles. These small particles all enter the lungs. So I want consumers to know the value of cotton core. (Doesn’t the cotton core react chemically after burning?) After burning, the cotton core sticks together and will not be sucked in. While ceramic dust will be sucked into the lungs.

We have also used ceramic cores and the finished products are very good, but we still don’t want to produce them. Because when the ceramic core generates 100 puffs, the flavor and taste will drop, which’s generally called poor consistency. However, cotton core heated flavor goes bad after 3 tanks of e juice – 900 puffs. The cotton heating core is much more durable and stable than the ceramic heating core. It provides a highly consistent, pure and smooth vaping experience.

Verdict

Every enterprise has its own stand, excuse and plea to protect its own interests.

What you all need to keep in mind while reading above content is that SIGELEI is a traditional mod vape manufacturer. Pod vape is only a lead to its mod business.

ALD will do give SIGELEI a lesson when they heard that ceramics heating core is not better than cotton heating core.

Click here for more information about SIGELEI.

SIGELEI launched Glori refillable pod system on August 16th 2019

SIGELEI held the Summit on the Mission of China’s Electronic Cigarette Industry and Glori New Product Press Trial in Shenzhen on the afternoon of Friday, August 16. And this summit had the theme of Extreme Breakthrough and Different Fireworks. SIGELEI launched the Glori pod system kit product.

sigelei glori

Glori’s electronic cigarette announces the return of SIGELEI and formally enters the domestic market and the pod vape market.

In recent years, with the rapid development of electronic cigarette industry, domestic electronic cigarette brand merchants have received a large amount of capital investment. Internet enterprises have joined the electronic cigarette industry camp. With the rise of RELX, MOTI, FLOW, vvild, SNOWPLUS, YOOZ and other brands, electronic cigarettes have been popularized, and the market competition situation has become increasingly fierce.

sigelei glori

Ou Junbiao emphasized, “At present, the electronic cigarette industry is in the key period to move forward. The craftsman spirit of rigorous, conscientious, excellence and pursuit of perfection is of great significance to the healthy and orderly development of the electronic cigarette industry. As a member of the electronic cigarette industry, SIGELEI will continue to spare no effort to maintain good quality, contribute to the promotion of industry standardization, and provide continuous power to promote the quality revolution made in China.

Sigelei CEO Ou Junbiao
Sigelei CEO Ou Junbiao

As a global leader in high-power box mod vapes, the products developed by SIGELEI (871818. OC) have created many industry first. After nearly 10 years of precipitation, SIGELEI has six world-class brands, SIGELEI, Snowwolf, FUCHAI, VCIGO, KAOS, COMPAK and so on.

Many products have been widely known and loved by consumers all over the world. They are well-sold in the United States, Germany, the Netherlands, Canada, Australia, Russia, the Middle East and Southeast Asia, and occupy the leading position in the industry.

Pod vape is the mainstream at present. SIGELEI needs to transform from mod vape to pod vape. Now SIGELEI returns strongly, declaring that it has formally entered the domestic and pod vape market, Glori pod is defined as a pod system product with a sense of mission.

Sigelei Manager Sun Weizhong
Sigelei Manager Sun Weizhong

Glori features itself as “one mouthful of excitement, one mouthful of pleasure”. Sigelei has made great efforts in taste, smoke volume, suction resistance, mouthpiece anti-scalding, anti-burnt, atomizing core materials, and has used a lot of mod vape concepts to improve the experience of the pod vape.

Through product experience, it was found that Glori has a large amount of smoke, which can be inhaled by mouth or by lungs. It has a silky taste and a high degree of flavor fidelity. It looks like eating some fruit when vaping the fruit flavor.

Reviewers try it
Reviewers test it

Another difference with the products on the market is that Glori pod is an open structure, which can be refilled with vape juice. Empty pod are shipped, and special e-liquid is prepared for the pods. There are 8 kinds of e-liquids with the flavors of spring cool mungbean, summer cool black grape, autumn melon and winter crystal sydney, which can keep the unique experience of flavor and safety to the maximum. Users can choose their favorite flavor, refill it on the top of the mouthpeice, and carry out taste DIY.

Participants photo
Participants photo

The event was attended by Huang Guoping, President of Hong Kong Health Association, Vice President of China Electronic Chamber of Commerce, Chen Dayang, Deputy Secretary-General of China Electronic Chamber of Commerce, Yang Hongde, Executive Director of China Electronic Chamber of Commerce, Chairman of China Electronic Cigarette Industry Committee, Ou Junbiao, Executive Director of China Electronic Chamber of Commerce, and China Electronic Chamber of Commerce. Ao Weinuo, Secretary-General of Electronic Tobacco Industry Committee of Chamber of Commerce, Cao Xiaowei, General Manager of Shenzhen Branch of Chuangwei China Marketing Headquarters, Wan Zhi, Vice General Manager of Chuangwei Overseas Marketing Headquarters, Sun Wei, General Manager of Sigelei, and responsible person of relevant media. We have witnessed the release of the Glori pod vape.

 

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