The Zhitong Finance App learned that China Tobacco Hong Kong (06055) rose more than 6% in early trading. As of press release, it had risen 6.2% to HK$13.02, with a turnover of HK$27.3251 million.

According to data from China's General Administration of Customs, from January to February 2024, China's cigarette (tobacco cigarettes) export value was US$21.783 million, up 33.5% year on year; export volume was 2.0 billion sticks, up 12.0% year on year, and the average export price rose 19.2% year on year; in 2023, China's cigar export value was US$2,081 million, up 856.7% year on year; export volume was 6.793 million, up 79.4% year on year; average export price increased 433.4% year on year.

Furthermore, on April 8, China Tobacco Hong Kong and Sichuan China Tobacco signed the “Great Wall” Cigar Strategic Cooperation Memorandum. The two sides will give full play to their respective advantages, explore cooperation models such as overseas brand licensing and overseas production licensing, and promote the rapid development of “Great Wall” cigar products in overseas markets. At the same time, the company broke through the cigarette export area to the global market and further expanded the scale of its cigarette export business.