China National Tobacco Corp (CNTC) operates in two Index Regions, and in five of the 36 Index Countries (Bangladesh, China, the Philippines, Poland, South Korea). 99% of CNTC’s total Volume Sales are in China.
CNTC operates across HMICs (three Index Countries) and LMICs (two Index Countries).
CNTC’s product portfolio consists of cigarettes, cigars, cigarillos, heated tobacco and fine cut tobacco.
"The new tobacco products sold by the Company are mainly heat-not-burn cigarettes. The “heat-not-burn technology” we adopted is to control the temperature to heat the cigarette just enough to give off the flavour without igniting the cigarette in order to control the release of hazardous substances through burning. In addition to providing users with relatively healthy and safe alternatives to traditional cigarettes, the Company also takes responsibility towards the impacts of second-hand smoke on the people around the smokers. As the new tobacco products do not ignite cigarettes, relatively speaking, the harmful substances released by the tobacco after heating can be controlled, and to a certain extent, the health impact on the people around the smokers can be reduced.”
(China Tobacco International (HK) Company Limited, Annual Report 2021)
In 2021, 99.98% of CNTC’s volumes were made up of HRPs, with RRPs representing 0.02%.
Export volumes of RRPs through CNTC’s international subsidiary, China Tobacco International (HK) Company Limited, increased by a CAGR of 62% in 2019-2021.
CNTC has increased the number of Index Countries in which it sells RRPs, from one in 2019 (South Korea) to two in 2021 (South Korea and the Philippines).
ppts = Difference in percentage between 2021 and 2019
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