China Burton's e-cigarette sales revenue in the first half of the year was 530 m

On August 26, China Bolton recently released its financial report for the half year of 2020.

According to the financial report, during the reporting period, the revenue was 1.021 billion yuan, an increase of 66.5% year on year.

The net profit was 81.4 million yuan, up 4.8% year on year.

In terms of the proportion of income, the income of health care products was 531 million yuan, accounting for 52%. The revenue of flavor enhancer was 330 million yuan, accounting for 32.3%. Food flavor 70 million yuan, accounting for 7%, daily flavor 73 million yuan, accounting for 7.2%. The income from property investment was 17 million yuan, accounting for 1.6%.

Flavor enhancers are mainly the flavoring products produced by traditional Chinese tobacco enterprises.

Health care products account for more than 52%. What is this?

The financial report explained that this part of the revenue is the sales revenue of e-cigarettes, including disposable e-cigarettes and rechargeable e-cigarettes.

In the first half of 2020, this part of the income was 530 million yuan, compared with 200 million yuan last year, a sharp increase of 164% year on year. The reason for the increase is the sales revenue of e-cigarettes brought by the Korean subsidiary.

This level of e-cigarette sales revenue, I'm sorry, the current market value of China Burton is less than 2 billion yuan.