Joyoung(SZ:002242) Zhong Guo Neng Yuan Wang·2025-11-13 10:42Core Viewpoint - The stock price of Jiuyang Co., Ltd. surged by 10.05% to 11.06 CNY per share, driven by market speculation related to the trending term "Haqimi" [1] Group 1: Company Response and Product Clarification - Jiuyang Co. clarified on its interactive platform that it does not have any products related to "Haqimi," emphasizing its focus on kitchen small appliances and not on food or beverage products [2][3] - The company had previously announced the transfer of its entire 25.5001% stake in Jiuyang Bean Products for approximately 177 million CNY, indicating a strategic shift away from the food sector [2][3] Group 2: Financial Performance - For the first three quarters of 2025, Jiuyang reported a revenue of 5.585 billion CNY, a year-on-year decrease of 9.66%, while net profit attributable to shareholders increased by 26.03% to 124 million CNY [4] - The company's gross margin for the first three quarters was 26.92%, up by 0.65 percentage points year-on-year, and the net margin was 2.21%, an increase of 0.73 percentage points compared to the previous year [4] - The third quarter of 2025 showed mixed results, with a gross margin of 26.22%, up 6.11 percentage points year-on-year but down 1.85 percentage points quarter-on-quarter, and a net margin of 0.05%, up 4.56 percentage points year-on-year but down 1.04 percentage points from the previous quarter [4] Group 3: Business Focus and Revenue Composition - Jiuyang Co. primarily engages in the research, production, and sales of kitchen small appliances, with revenue composition as follows: nutrition cookers 39.65%, food processors 36.67%, Western-style electrical appliances 18.28%, cookware 3.69%, and other products 0.96% [5]