Smoore’s 2021 financial report: revenue of 13.7 billion, increased research and development of global patents

Smoore’s 2021 financial report: revenue of 13.7 billion, increased research and development of global patents
On March 30, atomization technology company Smoore International released its 2021 annual performance report. The annual operating income was 13.755 billion yuan (RMB, the same below), a year-on-year increase of 37.4%.
Chen Zhiping, chairman of Smoore International, said that in 2021, the company has experienced many challenges such as the complex and changeable trade and regulatory environment, the continued impact of the epidemic, and rising prices of important raw materials, but the steady growth in revenue and profits confirms the company’s focus on fog Technological innovation to create value for customers.
Chen Zhiping said that the atomization industry has broad prospects and the company is full of confidence in the future. This year, we will continue to increase investment in research and development, especially in basic research fields such as material science, fluid mechanics,aerodynamics, thermodynamics, etc., and maintain the technology in the field of atomization. Advantages; at the same time, explore the application of atomization technology in the medical and health field, “sow the seeds of hope today, and see the stars and sea tomorrow”.
Revenue reached a new high, with overseas revenue accounting for over 70% in the second half of the year
According to the financial report, Smoore’s annual operating income in 2021 has reached a new high, with revenue of 13.755 billion yuan, a year-on-year increase of 37.4%; adjusted earnings per share of 0.91 yuan.

Behind the steady growth of revenue, Smoore’s solid industry leading position, the upgrade from traditional manufacturing to intelligent manufacturing, and the substantial improvement in production and operation efficiency.
The financial report shows that last year, Simai launched a new generation of automated production lines independently developed to realize automated production of the entire production line such as assembly, liquid injection, and packaging. Its single-line production efficiency can reach 7,200 standard atomizers per hour, far exceeding the industry level and in a leading position. Scale applies to core customers.
The financial report shows that last year, Smoore’s TO B business revenue for corporate customers exceeded 10 billion yuan for the first time, reaching 12.59 billion yuan, a year-on-year increase of 37.4%; retail customer TO C business revenue was 1.16 billion yuan, a year-on-year increase of 37.1%.
In terms of revenue sources, in the second half of last year, Smoore’s overseas revenue accounted for more than 70%.
R&D expenses increased by nearly 60%, and 7 basic research institutes were put into use
The financial report shows that as of the end of 2021, Smoore has applied for 3,408 patents, covering four major categories of technologies: temperature control, heating element, anti-leakage liquid, and liquid storage. Last year, 1,187 new patent applications were filed globally, an increase from the previous year. 60%. Most of the patents are based on the “atomization CPU” ceramic atomization core technology, which realizes a comprehensive blockade of the core technology position.

The construction of patent property rights barrier is inseparable from huge investment. The financial report shows that in 2021, Smoore will invest 670 million yuan in R&D expenses, a year-on-year increase of 59.7%. Smoore’s R&D investment is concentrated in the fields of cutting-edge material science, fluid mechanics, aerodynamics, thermodynamics, etc., and a world-class R&D team has been established in many fields.
Among them, seven basic scientific research institutions established in China and the United States have been put into operation. As of the end of 2021, Smoore has 1,254 R&D personnel, including 101 with doctoral degrees or above, an increase of 47% and 215% respectively over the previous year.
In terms of helping Chinese companies go global, Smooreis committed to establishing a complete safety evaluation system to help domestic companies conduct one-stop inspections that meet the standards of multinational markets. At the end of last year, China’s first EU TPD one-stop enterprise testing system was launched, with 5 working day reports and a 10-fold increase in speed, helping Chinese companies quickly enter overseas markets.
Entering the one-time track, diversified layout to create the second curve
According to Sullivan’s related report, in 2021, Smoore’s global market share will continue to expand, reaching 22.8%, surpassing the sum of the second to fifth places. The report also pointed out that the global electronic atomization equipment market will grow rapidly in the next five years, with a compound growth rate of 24.6%. But a report from Zhiyan Consulting pointed out that by 2024, the share of atomized products will be only 9.3%.

Chen Zhiping said that although Smoore has a large global market share, it is only a drop in the ocean for Smoore.