The new consumer report of Blue Cave, the news on October 27th, two consecutive trading days after the electronic cigarette consumption tax was determined on November 1, and the parent company Wuxin Technology rose for two consecutive days. Coupled with 14%of the last trading day, the two days of Wuxin Technology have increased by more than 57%, and the market value has reached 2.5 billion US dollars.

On the surface, the three departments of the Ministry of Finance issued an announcement that the electronic cigarette was included in the scope of consumption tax collection and implemented on November 1.

The Ministry of Finance, the General Administration of Customs, and the General Administration of Taxation jointly issued an announcement on the consumption tax of electronic cigarettes on the 25th. The announcement shows that the electronic cigarette is included in the consumption tax collection scope, and electronic cigarettes are added under the eyes of the tobacco tax. Electronic cigarettes are calculated from the price setting rate. The tax rate in the production (import) link is 36%, and the tax rate of the wholesale link is 11%. It will be implemented since November 1, 2022.

The analysis believes that the opening of the consumption tax of electronic cigarettes can be said to be exhausted, which means that it may limit the expansion and profitability of the electronic cigarette industry in the short term, but in the long run, the electronic cigarette industry will be further regulated.