九阳股份：零售市占稳步提升，筑起可持续竞争力

Core Insights - Company Jiuyang Co., Ltd. has recently received multiple awards in the ESG (Environmental, Social, and Governance) field, including the "Zhejiang Charity Award" for its "Jiuyang Food Education Workshop" project, the "Best Progress Enterprise" award in the S&P Global CSA 2024 evaluation, and the "ESG New Benchmark Enterprise Award" from Securities Star [2][3] Financial Performance - In the third quarter of 2025, Jiuyang reported a significant year-on-year increase in non-recurring net profit of 106.67%, with a total of 192.5 million yuan for the first three quarters, reflecting a growth of 48.17%. The gross profit margin improved to 26.92% [2] - According to Guosheng Securities, the retail growth of Jiuyang's core product categories is strong, with online sales of its wall-breaking machines, soybean milk machines, and rice cookers increasing by 4.7%, 26.5%, and 5.0% respectively in the first three quarters of 2025 [2] Social Responsibility and ESG Initiatives - Jiuyang has established 1,654 public kitchens in underdeveloped rural schools, benefiting over 600,000 teachers and students daily, significantly improving their dietary environment and nutritional status [3] - The company emphasizes its commitment to social responsibility, integrating ESG principles into its operational framework, and aims to create sustainable competitive advantages through its initiatives [3]