Smoore International's Q1 profit falls sharply, down 36.3%

Smoore International Holdings Limited (HKEX:6969) announced a substantial decrease in its financial performance for the three months ended March 31, 2025. The company's profit before tax declined by 36.3% year-on-year, amounting to RMB254.6 million compared to RMB399.7 million in the same period last year. Profit after tax also experienced a significant decrease of 43.4%, falling to RMB192.2 million. Total comprehensive income decreased 32.9% to RMB207.8 million. The decline is attributed to a notable increase in administrative, distribution, selling, research and development expenses. Shareholders and potential investors are advised to exercise caution when relying on this unaudited, preliminary data, as it may not accurately reflect the Group's full-year financial performance.