Smoore earnings up, declares HKD 5 cents dividend

Smoore International Holdings (HKEX:6969) announced a 5.3% increase in revenue to RMB11.799 billion for the year ended December 31, 2024, driven by a 34% surge in self-branded business to RMB2.475 billion. Corporate client revenue dipped slightly to RMB9.324 billion. Despite the revenue growth, profit before tax decreased 14.5% to RMB1.655 billion, and net income dropped 9.5% to RMB1.417 billion, attributed to increased selling and R&D expenses.