Juul is a vape launched by American electronic cigarette company PAX Labs in June 2015. In July 2017, Juul Labs was spun off as an independent company to manufacture the Juul vape. At the end of 2017, Juul became the most popular vape in the United States. As of September 2018, its market share was 72%. Juul's revenue in 2019 reached $3.4 billion, almost three times that of 2018. Juul reached its peak with a market share of 74.6% in May 2019. As of early 2023, according to Nielsen convenience store vape data, Juul's market share has dropped to 25.6%.
IQOS is a heat-not-burn vape produced by the world's largest tobacco company, Philip Morris International, and belongs to the RRP (Reduced Harm) series of products.
As of the beginning of 2023, IQOS has entered more than 70 countries and regions, with sales concentrated in Japan and Europe, and the number of successful smokers has reached 21.2 million. The rapid growth of the IQOS market share will benefit both the upstream and downstream suppliers of chip design, atomizers, heating components, batteries, hardware and plastic parts, including OEM/ODM such as Venture/Flextronics. Among them, the listed companies include: Yingtuo Technology, Jinjia Stock, Shunho Stock, Dongshan Precision, Kesen Electronics, Fenghua High-Tech, Gaojian Industrial and so on.
The direct customer of Xiamen Intretech Inc. vape precision plastic parts is Technocom, a subsidiary of Venture, and the indirect customer is Philip Morris International (PMI), the world's largest tobacco company. The precision plastic parts provided by Xiamen Intretech Inc. are mainly used in the charging box and heating rod of IQOS brand electronic cigarettes, mainly the appearance parts of IQOS.
Shenzhen Jinjia Group Co., Ltd. mainly has three business entities in the new tobacco business, Jinjia Technology, Yinwei Technology, and Jiayu Technology. Subsidiary Jinjia Technology launched the new tobacco business in 2014. At present, it has cooperated with China Tobacco companies in Yunnan, Shanghai, Henan, Shandong, Guangxi, Chongqing, etc. It also provides packaging design and proofing services for overseas Reynolds Tobacco and IQOS of Philip Morris International. And there is an Internet vape brand steam life; Yinwei Technology, the current main direction is the industrial design, patent technology research and development and production of steam vape and heat-not-burn smoking appliances; Jiayu Technology, currently mainly serves China Tobacco Yunnan, and will produce in the future Matching new tobacco smoking set.
Shanghai Shunho New Materials Technology Co., Ltd. was established in 2004 and listed in 2011. In 2013, Shanghai Lvxin Electronic Technology Co., Ltd. was established as a joint venture with Dongfeng Co., Ltd. to engage in the research and development and manufacture of vape. Shanghai Shunho New Materials Technology Co., Ltd. obtained the core patent of low temperature non-combustion in 2014, and launched MOX Edge, an IQOS-compatible smoking set, in 2017 to enter the Japanese market. In 2018, Shanghai Shunho New Materials Technology Co., Ltd.'s Hong Kong Luxinfeng acquired a 100% stake in Cambodian cigarette manufacturer INO-JK, promoting the development, production and sales of non-burning new tobacco products with heated contents. In addition, Shanghai Shunho New Materials Technology Co., Ltd., a wholly-owned subsidiary of Shanghai Shunho New Materials Technology Co., Ltd., recently obtained the "Yunnan Provincial Industrial Hemp Planting License" to deploy new industrial hemp business.
Shenzhen Topsee Industrial Co., Ltd. was established in 2006. Its main business is the promotion, sales and reference scheme design of integrated circuit chips, and the assembly and sales of circuit board components for vape. Since 2012, it has been involved in the assembly and sales of circuit board components for vape, and has gradually grown into one of the main suppliers of Chinese vape manufacturers.
Guangzhou Battsys Co., Ltd was established in 2006 and listed on the NEEQ in May 2016. Its main business is the R&D, production and sales of lithium-ion battery technology. The main product is the "Fullriver" lithium battery series. Guangzhou Battsys Co.,Ltd is one of Philip Morris International's lithium battery suppliers for IQOS devices.
Sunshine Global Circuits Co.,Ltd was established in 2001. Its main business is the R&D, production and sales of printed circuit boards (PCB). , thick copper plates, metal substrates, high-frequency boards, flexible boards, etc., are widely used in industrial control, medical electronics, automotive electronics, communication equipment, LED lighting and other fields.
Suzhou Dongshan Precision Manufacturing Co.,Ltd was founded in 1998 and went public in April 2010. It is the largest company in China specializing in process design and manufacturing of precision sheet metal structural parts, and one of the world's largest providers of precision sheet metal parts for base station antennas. . In 2016, it acquired MFLX, the world's top five FPC manufacturer. In January 2018, it announced that it planned to acquire Multek, a PCB subsidiary of Flextronics. It is reported that Suzhou Dongshan Precision Manufacturing Co., Ltd supplies PCB boards for IQOS.
Kunshan Kersen Science & Technology Co.,Ltd is mainly engaged in precision metal manufacturing services. The products include mobile phone and tablet computer structural parts, medical surgical equipment structural parts, photovoltaic product structural parts and other precision metal structural parts, which are used downstream in 3C consumer electronics and medical equipment. , new energy photovoltaics, automobiles, digital audio-visual and many other fields.
On March 30, 2018, Kunshan Kersen Science & Technology Co., Ltd planned to acquire 100% equity of Yuancheng Electronics. According to the announcement, Kunshan Kersen Science & Technology Co., Ltd was developing precision metal structural parts for a well-known vape brand at that time. This product has high requirements for die-casting. The completion of this acquisition will help improve the company’s die-casting process , cut into the high-end vape supply chain.
Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. was established in 1984. It is a high-tech enterprise specializing in high-end new components, electronic materials, electronic special equipment and other basic electronic information products. The 1/8W~5W alloy current sensing resistors launched by Fenghua Hi-Tech are widely used in power management systems and control systems of vape, communication, industrial control, automotive electronics and various mobile terminal equipment.
Since its establishment, Jinlong Machinery & Electronic Co., Ltd has been focusing on the R&D, production and sales of micro motors. The products are used in mobile phones, vape, smart toothbrushes, smart wearables and other industries. It is Apple's main linear motor supplier. In recent years, in addition to the large-scale production of linear motors, King Long has also acquired Jiaai Motors, Boyi Optoelectronics, and Xingke Electronics to achieve vertical integration of the industrial chain. Currently, it is mainly engaged in micro-motors, touch displays and structural parts.
EVE Energy Co., Ltd was established in 2001 and listed in 2009. It has formed core businesses such as lithium primary batteries, lithium-ion batteries, power systems, and vape. It is the largest supplier of high-energy lithium primary batteries in China and the fifth largest supplier of high-energy lithium batteries in the world. The main manufacturer of the core component battery. Due to the rapid growth of the electronic atomizer market, as the core component in the field of electronic cigarettes, the demand for lithium-ion consumer batteries has increased, and it has established a cooperative relationship with the world's largest vape manufacturer, Mcwell. Before 2018, it was Mcwell Seoul's participating shareholders.
O-Net Technologies (Group) Limited was established in October 2000 and successfully listed on the main board of Hong Kong in April 2010. It is a leader in many high-tech fields such as optical communications, automation, fiber lasers and touch screens. It is also the world's largest optical One of the communication device and module suppliers.
O-Net Automation Technology (Shenzhen) Co., Ltd. is the world's leading supplier of vape automation equipment and vape heating components, and belongs to O-Net Technologies (Group) Limited.
China Boton Group has been focusing on the horizontal expansion of the flavor and fragrance industry chain since 2005 relying on tobacco flavors, and has now achieved full coverage of tobacco, edible and daily flavors. In 2005, it was successfully listed on the main board of Hong Kong (stock code 3318.HK). In 2015, it acquired Kimry and Inc electronic cigarette companies. The first heat-not-burn tobacco smoking set in China, "Kuanzhai Kung Fu", was developed by China Tobacco Sichuan and manufactured by Huizhou, a subsidiary of China Boton Group. It is now on the market in foreign markets. Among them, the so-called domestic iqos firearm gs5.0 is also a masterpiece of cooperation between China Boton Group and China Tobacco.
Huabao Flavors & Fragrances Co., Ltd, formerly known as Huabao Food Flavors & Fragrances (Shanghai) Co., Ltd., was established in 1996. It is a leading company in China's flavors, aroma raw materials, and tobacco raw materials. It was listed in 2018.
Huabao Flavors & Fragrances Co., Ltd is currently actively developing new tobacco businesses such as heat-not-burn products and vape. Obtained the license of the State Tobacco Monopoly Administration of China through its subsidiaries, operated the vape business, established its own vape brand SPV, and acquired 51% of the equity of the vape company VMR products, actively expanded overseas markets, and sold it to JUUL in 2018.
Shantou Dongfeng Printing Co., Ltd was founded in 1983 and went public in February 2012. Its main business is the design, production and sales of cigarette label printing and related packaging materials. In November 2013, Shantou Dongfeng Printing Co., Ltd and Shunho Co., Ltd. jointly established Shanghai Lvxin Electronic Technology Co., Ltd. to lay out the field of vape.
Shanghai Lvxin established Shenzhen Lvxinfeng Technology Co., Ltd. in Shenzhen, which is mainly engaged in the research, development and production of vape, atomizer and various vape appliance accessories and accessories.
Anhui Genuine Newmaterials Co.,Ltd was established in 1998 and listed in January 2017. It is a designated manufacturer of tobacco packaging materials. Its main products include tipping paper for cigarettes, anodized aluminum, cigarette labels and composite paper.
In October 2017, Anhui Genuine Newmaterials Co., Ltd signed a cooperation agreement with China Tobacco Anhui to establish a joint engineering center to promote the development of new tobacco products and cigarette supporting materials and other related industries, and cut into the new tobacco industry chain.
Tian Chang Group Holdings Ltd. is a well-known integrated injection molding solution provider. For more than 17 years, he has focused on mold design and fabrication services, and injection molding component design and fabrication services. Since June 2013, Tian Chang Group Holdings Ltd. manufactures vape products on an OEM basis under the brand name “blu” owned by Fontem (and before June 2015, LOEC, Inc. “LOEC”).
Shenzhen Smoore Technology Limited is an important supplier in the global vape field. It was founded in 2006 and listed on the New Third Board in December 2015. The business includes ODM and self-owned brand APV. It is one of the world's largest R&D and production companies of electronic atomization equipment.
As one of the world's largest ODM manufacturers, Shenzhen Smoore Technology Limited has established partnerships with 6 of the top ten tobacco brands in the United States, with a market share of more than 25%, and has cooperation with vape manufacturers NJOY, LOGIC, Altria, etc. Provide application patents with many large global tobacco companies Altria, Japan Tobacco International, Philip Morris International, British American Tobacco, etc., and is also one of the main suppliers of JUUL, the leading vape pod. Its own brand of APV, an open electronic materialization device, is Smoore and Vaporesso.
Shenzhen Ivps Technology Co., Ltd, lvps for short, was established in 2010, listed on the New Third Board in 2015 (stock code: 834285), and transferred by agreement in 2017. SMOK and KOOPOR are its steam product brands. SmartBEC, a vape intelligent management and social platform independently developed by lvps, has more than 60,000 users. SmartBEC can automatically match vape devices through Bluetooth, and control devices and manage smoking data online.
Shenzhen Itsuwa Technology Co., Ltd., established in 2007, was listed on the NEEQ in 2015. The company is mainly engaged in the production and sales of vape and supporting products. Adopt the operation and sales mode of "ODM/OEM production and designated sales", and provide vape and its supporting products to overseas vape brand sellers. In the research and development of touch-screen vape and flat cigarettes, we have accumulated a certain amount of technology.
Shenzhen Itsuwa Technology Co., Ltd.'s customers include X20, SMOKE-tip, CIG20, wanna vape, eon smoke, vapouriz, etc.
Guangdong Sigelei Electronic Technology Co., Ltd was established in 2013 and listed on the NEEQ in August 2017. The main business is the research and development, production and sales of vape and its components. It owns well-known vape brands such as "Sigelei", "Fuchai" and "Snowwolf", and all products are self-owned brands. Engel's own technology includes temperature control technology, touch screen and APP technology, balanced charging technology, liquid level detection technology, solid-state e-liquid atomization technology, etc.
Shenzhen Smaco Technology Co., Ltd specializes in R&D, production and sales of vape and open electronic atomization devices APV. It mainly adopts the operation and sales mode of independent research and development design and OEM sales under the ODM mode and OEM production and sales under the OEM mode, and provides vape and Vape accessory products.
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