China National Tobacco International (Hong Kong) Limited has released a positive profit forecast, expecting that the profit attributable to the company's equity holders for the year ending December 31, 2024, will grow by no less than 30% compared to 2023. The profit growth is mainly attributed to a significant increase in the gross margin of multiple Business Sectors.Specifically, in the Brazilian operating Business, the proportion of high-priced finished cigarettes has increased significantly, coupled with the rise in sales prices of Brazilian tobacco leaf products, resulting in a substantial increase in the gross margin of that Business. The higher gross margin of imported tobacco leaf products is driven by an increased proportion of Brazilian tobacco leaf products, along with an overall rise...Show More

China National Tobacco International (Hong Kong) Limited has released a positive profit forecast, expecting that the profit attributable to the company's equity holders for the year ending December 31, 2024, will grow by no less than 30% compared to 2023. The profit growth is mainly attributed to a significant increase in the gross margin of multiple Business Sectors.Specifically, in the Brazilian operating Business, the proportion of high-priced finished cigarettes has increased significantly, coupled with the rise in sales prices of Brazilian tobacco leaf products, resulting in a substantial increase in the gross margin of that Business. The higher gross margin of imported tobacco leaf products is driven by an increased proportion of Brazilian tobacco leaf products, along with an overall rise in sales prices, contributing to the Business's gross margin growth. The cigarette export Business has effectively improved its gross margin by optimizing the business structure and increasing the proportion of self-operated Business. The export Business of tobacco leaf products has increased its gross margin through active sourcing of marketable goods and optimizing pricing strategies. The export Business of new Tobacco Products has continuously optimized its operation model, consistently improving its gross margin.The company states that the information in this profit forecast has not been audited or reviewed by independent auditors, and the actual unaudited annual results may differ from the forecast. Detailed financial information will be disclosed in the annual results announcement to be released before March 31, 2025. The company reminds Shareholders and potential investors to act cautiously when buying or selling the company's securities.