Joyoung(SZ:002242) Hua Xia Shi Bao·2025-11-15 02:36Core Viewpoint - The recent surge in stock price of Joyoung Co., Ltd. (九阳股份) was driven by market speculation related to a product named "Hachimi North and South Soy Milk," which is not produced by the company but by a separate entity, leading to a misinterpretation by investors [2][3][4]. Group 1: Stock Price Movement - Joyoung's stock price experienced consecutive trading halts, reaching 11.06 yuan per share on November 13, 2023, and continued to rise on November 14, 2023 [3]. - The stock surge was fueled by a misunderstanding regarding the association with the "Hachimi" product, which is operated by Hangzhou Joyoung Soybean Products Co., Ltd., a company that Joyoung has no current equity relationship with [4][6]. Group 2: Company Clarification - On November 13, 2023, Joyoung clarified on an interactive platform that it does not have any products related to "Hachimi," and it has no plans to reacquire the soy milk brand [3][6]. - Joyoung officially divested all its shares in Hangzhou Joyoung Soybean Products Co., Ltd. in December 2023, fully separating from the soy milk business to focus on small home appliances [7]. Group 3: Financial Performance - For the first three quarters of 2023, Joyoung reported a total revenue of 5.585 billion yuan, a year-on-year decrease of 9.66%, while achieving a net profit of 124 million yuan, an increase of 26.03% [8]. - The company's non-recurring net profit reached 192 million yuan, up 48.17% year-on-year, with a gross margin of 26.92%, reflecting a 0.65 percentage point increase [8]. - In Q3 2023, Joyoung's revenue was 1.598 billion yuan, down 10.99% year-on-year, but the net profit showed significant growth of 101.11% [8].