3月18日，全球最大電子霧化產品制造商思摩爾國際（06969.HK）在香港舉行2024年全年業績發布會。公司在過去一年繼續深耕霧化科技領域，在電子霧化、加熱不燃燒、特殊用途霧化產品組件、霧化醫療和霧化美容等多個賽道取得了穩健的業績表現。

自有品牌收入增34%

2024年，思摩爾國際的總收入約為117.99億元（人民幣，下同），較去年增長約5.3%。集團毛利約為人民幣44.12億元，毛利率達37.4%，年內溢利約為13.03億元。為回饋股東支持，董事會建議派發末期股息每股0.05港元，派息率為40.2%。

在收入結構方面，自有品牌業務收入占比持續提升。2024年，自有品牌業務收入約為24.75億元，較去年增長約34.0%，占總收入的比例從去年的約16.5%提升至約21.0%。其中，國際市場電子霧化產品銷售貢獻突出，歐洲及其他市場實現收入約20.24億元，同比增長約37.2%；美國市場實現收入約4.24億元，同比增長約14.0%。而在中國內地市場，收入約為0.27億元，主要來自霧化美容產品銷售。公司的霧化美容自有品牌“嵐至”產品上線，正積極在中國內地的頭部社交平臺積極營銷推廣，產品銷售取得了較大突破。

面向企業客戶業務方面，全球電子霧化行業監管方向明朗，下半年收入同比增長9.7%。雖然在不同地區有不同表現，但整體依然實現收入約93.24億元。在美國市場，特殊用途霧化產品組件銷售增長，推動下半年收入同比增長5.1%；歐洲及其他市場，封閉式電子霧化產品銷售穩定，下半年收入同比增長14.2%；中國市場則實現收入約2.39億元，同比增長25.1%。http://mobile.tekmall.cn/v4m/detail/j4l
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思摩爾國際表示，科技是企業發展的原動力，公司將加快研發技術商業化。2024年研發開支約為15.72億元，較去年增長約6.0%，主要增長集中在霧化醫療及加熱不燃燒產品領域。公司通過優化研發管理體系，對項目進行科學化分類管理，有效提升了研發效率。在加熱不燃燒業務方面，支持客戶推出的產品成功上市并獲得市場積極反饋；霧化醫療領域，全資子公司憑借技術積累與國際藥企開展合作，推動創新藥物與吸入遞送裝置的一體化開發。