Core Insights - Joyful Intelligence, established on February 3, 2005, went public on December 2, 2021, and specializes in recyclable plastic packaging products, holding a technological advantage in packaging recycling [1] Financial Performance - For Q3 2025, Joyful Intelligence reported revenue of 333 million yuan, ranking 7th in the industry, with the top competitor, Zijiang Enterprise, generating 7.822 billion yuan [2] - The company's net profit for the same period was -4.6965 million yuan, also ranking 7th, while Zijiang Enterprise's net profit was 1 billion yuan [2] Financial Ratios - As of Q3 2025, Joyful Intelligence's debt-to-asset ratio was 23.39%, down from 26.37% year-on-year, significantly lower than the industry average of 42.37%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 12.68%, down from 18.17% year-on-year, and below the industry average of 19.88%, suggesting a need for improvement in profitability [3] Management Compensation - The chairman, Luo Zhiqiang, received a salary of 1.1935 million yuan in 2024, a slight decrease from 1.2015 million yuan in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 15.20% to 8,749, while the average number of circulating A-shares held per account increased by 17.92% to 17,800 [5]

Market Overview - The packaging and printing sector increased by 0.27% on October 28, with Joyful Intelligence leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the packaging and printing sector included: - Junbing Xihang (301198) with a closing price of 13.15, up 7.08% and a trading volume of 190,000 shares, totaling 247 million yuan [1] - Baosteel Packaging (601968) closed at 5.55, up 4.72% with a trading volume of 372,200 shares, totaling 205 million yuan [1] - Hongyu Packaging Materials (920274) closed at 33.17, up 4.14% with a trading volume of 34,600 shares, totaling 113 million yuan [1] Fund Flow Analysis - The packaging and printing sector experienced a net outflow of 274 million yuan from institutional investors, while retail investors saw a net inflow of 221 million yuan [2] - The sector's overall fund flow indicates a mixed sentiment, with institutional selling contrasted by retail buying [2] Individual Stock Fund Flow - Key stocks with significant fund flow include: - Yutong Technology (002831) with a net inflow of 13.54 million yuan from institutional investors, but a net outflow of 14.21 million yuan from speculative investors [3] - Baosteel Packaging (601968) had a net inflow of 8.45 million yuan from institutional investors, while speculative investors saw a net outflow of 4.55 million yuan [3] - Junbing Xihang (301198) recorded a net inflow of 0.59 million yuan from retail investors, despite a net outflow from institutional and speculative investors [3]

Core Insights - Joyy Intelligent (301198.SZ) released its Q3 2025 report on October 28, 2025, indicating significant institutional investment in the company [1] Institutional Holdings - As of October 27, 2025, four institutional investors disclosed holdings in Joyy Intelligent A-shares, totaling 64.9761 million shares, which represents 38.45% of the company's total equity [1] - The institutional investors include Cixi Tiancai Holdings Co., Ltd., Ningbo Wanke Enterprise Management Partnership (Limited Partnership), Ningbo Junke Investment Management Partnership (Limited Partnership), and Yongchao Venture Capital Co., Ltd. [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 1.42 percentage points [1] Public Fund Participation - In this period, 30 public funds were not disclosed compared to the previous quarter, including notable funds such as Nuon An Multi-Strategy Mixed A, Huaxia Pantai Mixed (LOF) A, Huaxia New Brocade Mixed A, Guojin Quantitative Multi-Factor A, and Guojin Quantitative Selected A [1]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the information disclosed in its quarterly report, with no false records, misleading statements, or significant omissions [2][6][11] Financial Data - The third-quarter financial report has not been audited [3][6] - The company does not require retrospective adjustments or restatements of previous annual accounting data [3] - There are no non-recurring profit and loss items applicable for the reporting period [3] Shareholder Information - The total number of common stock shareholders and the situation of the top ten shareholders are documented, but no changes due to stock lending activities are reported [5] Board Meeting - The board of directors unanimously approved the third-quarter report during the meeting held on October 27, 2025, confirming that the report accurately reflects the company's actual situation for the third quarter of 2025 [7][9] - The meeting was legally convened and complied with relevant laws and regulations [6][7]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [1] Financial Performance - The company achieved a revenue of 120,581,604.96 yuan in Q3 2025, representing a year-on-year growth of 45.22% [1] - The net profit attributable to shareholders was 2,102,122.80 yuan, showing a remarkable year-on-year increase of 164.43% [1]

Group 1 - The core point of the article is that Joyy Intelligent (SZ 301198) announced the convening of its fourth board meeting on October 27, 2025, to review the third-quarter report for 2025 [1] - For the year 2024, the revenue composition of Joyy Intelligent is as follows: automotive manufacturing accounts for 59.7%, home appliance manufacturing for 22.41%, logistics supply chain services for 10.33%, and others for 7.57% [1] - As of the report date, the market capitalization of Joyy Intelligent is 2.1 billion yuan [1]

Core Insights - Joyy Inc. (301198.SZ) reported a revenue of 333 million yuan for the first three quarters of 2025, representing a year-on-year growth of 30.50% [1] - The net loss attributable to shareholders of the listed company was 4.6565 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 7.3224 million yuan [1] - The basic loss per share was 0.0276 yuan [1]

证券代码：301198 证券简称：喜悦智行 公告编号：2025-053 宁波喜悦智行科技股份有限公司 会议以投票表决方式一致通过以下议案： （一）审议通过《关于公司 2025 年第三季度报告的议案》 公司董事会严格按照相关法律、行政法规和中国证监会的规定，编制了《2025 年第三季度报告》，报告内容真实、准确、完整地反映了公司 2025 年第三季度的 实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。本议案已经公司董 事会审计委员会和独立董事专门会议审议通过。 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的《2025 年第三季度报告》。 表决结果：5 票赞成，0 票弃权，0 票反对。 二、备查文件 第四届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 宁波喜悦智行科技股份有限公司（以下简称"公司"）第四届董事会第三次 会议于 2025 年 10 月 27 日下午 14 时在公司会议室以现场及通讯表决相结合的方 式召开。本次会议通知于 2025 年 10 月 17 日以电子邮件方式发出，会议应出席 董事 ...

宁波喜悦智行科技股份有限公司 2025 年第三季度报告 证券代码：301198 证券简称：喜悦智行 公告编号：2025-054 宁波喜悦智行科技股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 公司是否需追溯调整或重述以前年度会计数据 □是 否 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 宁波喜悦智行科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 120,581,604.96 | 45.22% ...

Core Viewpoint - Joyy Technology's stock price has shown a positive trend in recent trading sessions, reflecting investor interest and market performance [1]. Group 1: Stock Performance - On October 16, Joyy Technology's stock rose by 2.06%, reaching a price of 11.88 CNY per share, with a trading volume of 7.1544 million CNY and a turnover rate of 0.39%, resulting in a total market capitalization of 2.008 billion CNY [1]. - Year-to-date, the stock price has increased by 8.79%, with a 5-day increase of 5.60%, a 20-day decrease of 0.92%, and a 60-day increase of 3.76% [1]. Group 2: Company Overview - Joyy Technology, established on February 3, 2005, is located in Cixi City, Zhejiang Province, and was listed on December 2, 2021. The company specializes in the research, production, and sales of recyclable plastic packaging products [1]. - The revenue composition of Joyy Technology includes 50.78% from product sales, 48.05% from leasing and operational services, and 1.17% from other sources [1]. - The company is classified under the Shenwan industry as light industry manufacturing - packaging printing - plastic packaging, and is associated with concepts such as micro-cap stocks, small-cap stocks, smart logistics, express delivery, and Tesla [1]. Group 3: Financial Performance - As of June 30, Joyy Technology had 10,300 shareholders, a decrease of 4.63% from the previous period, with an average of 15,077 circulating shares per shareholder, an increase of 4.86% [1]. - For the first half of 2025, Joyy Technology reported revenue of 213 million CNY, representing a year-on-year growth of 23.42%. However, the net profit attributable to shareholders was -6.7586 million CNY, a decrease of 172.01% compared to the previous year [1]. Group 4: Dividend Information - Since its A-share listing, Joyy Technology has distributed a total of 76.28 million CNY in dividends, with 46.28 million CNY distributed over the past three years [2].