14, May, 2021, Shenzhen, China—SMOORE, a global leader in offering vaping technology solutions, announced that it has ranked among Forbes Global 2000 2021, being the list’s first Chinese company in the atomization field. To date, SMOORE has been the world’s largest vaping device manufacturer in terms of revenue, accounting for 18.9% of the total global market share and over 80% Chinese market share.
Since 2003, Forbes’ Global 2000 has measured the world’s largest public companies annually in terms of four equally weighted metrics: assets, market value, sales and profits while this year’s edition particularly offers a glimpse into how these global leading companies buck the trend amid the unprecedented pandemic.
In the years of 2020 and 2021, SMOORE has weathered a series of challenges brought about by the outbreak of COVID-19, and managed to turn crises into opportunities by resolutely implementing its core development strategies of leading technological manufacturing, concentric
diversification and technology branding, thereby achieving good operating results.
SMOORE had realized revenue of RMB10,009,937,000 for the year of 2020, representing an increase of approximately 31.5% over 2019. In particular, the revenue of corporate client oriented products increased by approximately 39.5%. It was mainly attributed to its flagship ceramic atomization technology brand, FEELM, which has been widely recognized by clients and consumers around the world.
Focusing on the development and manufacturing of atomization devices driven by its premium ceramic coil, FEELM has been in strategic partnerships with a number of global leading tobacco companies and vaping companies. Closed-pod vaping products loaded with FEELM ceramic coils have been exported to Europe, America, East Asia, Africa, Oceania and many other countries and regions, with its accumulated sales volume surpassing 1.2 billion pieces per year.
Based on its leading atomization technology platform, SMOORE has also attempted to diversify its product portfolio, actively exploring the application of atomization technology in relevant fields, including beauty, healthcare, and pharmacy. For example, SMOORE has partnered with AIM ImmunoTech in atomized medication research to explore a potential inhalation therapy for COVID-19 and other respiratory viral diseases.
With its vision of atomization making life better, SMOORE will continuously increase its investments in fundamental researches, especially those related to atomization mechanism, safety and health. Meanwhile, SMOORE will keep working closely with clients to keep abreast of the changes in product requirements and the demands of regulators and consumers, so as to design more competitive and innovative products in a targeted manner.
SMOORE is a global leader in offering vaping technology solutions, including manufacturing vaping devices, and vaping components, with advanced R&D technology, strong manufacturing capacity, wide-spectrum product portfolio and diverse customer base. The Company is the world’s largest vaping device manufacturer in terms of revenue, accounting for 18.9% of the total global market share.
FEELM is a high-end atomization technology brand belonging to SMOORE. Focusing on the research of cutting-edge atomization technology, FEELM also specializes in the development and manufacturing of high quality atomization devices driven by FEELM ceramic coil. “FEELM inside” symbol is on the closed-system pods of a number of global leading tobacco companies and vaping companies around the world. The accumulated sales volume of FEELM has surpassed 1.2 billion pieces per year.