Joyoung(SZ:002242) Zhong Guo Jing Ying Bao·2025-11-17 08:01Core Viewpoint - Jiuyang Co., Ltd. (002242.SZ) experienced a significant stock price fluctuation, with a cumulative increase of 20.95% over two trading days, prompting an announcement regarding abnormal trading conditions [2]. Group 1: Stock Performance - From November 13 to 14, Jiuyang's stock price saw a cumulative increase of 20.95%, which is classified as an abnormal trading situation according to Shenzhen Stock Exchange regulations [2]. - On November 12, the stock price rose significantly, reaching a limit up on November 13, and opening at limit up on November 14 [2]. Group 2: Company Clarification - Jiuyang clarified that it does not produce or sell food and beverage products, focusing solely on the small home appliance industry [2]. - The recent surge in stock price was linked to the "Hachimi" concept, which was popularized by a product called "Hachimi North and South Mung Bean Soy Milk," created by Jiuyang's subsidiary, Jiuyang Bean Products [2]. Group 3: Market Reaction - The product "Hachimi North and South Mung Bean Soy Milk" gained popularity due to its unique packaging and interactive marketing strategies, leading to confusion among investors who mistook Jiuyang Bean Products for Jiuyang Co., Ltd. [2]. - Jiuyang Bean Products, which operates the "Jiuyang Soy Milk" brand, was identified as the driving force behind the product's market success, while Jiuyang Co., Ltd. has not held any equity in it since December 2023 [2].