Core 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].

Core Viewpoint - The product "Haqimi North-South Mung Bean Soy Milk" by Joyoung has gained significant popularity online, leading to a surge in sales and controversy over its branding [1][2]. Group 1: Product Details - The product is officially named "Haqimi North-South Mung Bean Soy Milk Plant Beverage" and contains ingredients such as soybeans, mung beans, water, white sugar, and rock sugar [1]. - The product is sold in packs of 15 for 29.9 yuan, with 194,000 units sold, currently in a pre-sale status due to high demand, with a maximum delivery time of 45 days [1]. Group 2: Brand and Marketing - The packaging features a cat design inspired by a local orange cat, aiming to connect with fans and bring joy, despite accusations of using a "cat abuse meme" [1]. - The term "Haqimi" is associated with various internet memes and songs, contributing to the product's viral marketing [2]. Group 3: Company Information - Joyoung Co., Ltd. was established in July 2002, with a registered capital of approximately 760 million yuan, focusing on kitchen appliances [6]. - The company has no direct involvement in food and beverage products, as clarified by its spokesperson [5].

Core Viewpoint - The stock of Joyoung Co., Ltd. experienced a significant surge, achieving a limit-up for the first time in 2023, driven by the popularity of a new product from a similarly named company, Hangzhou Joyoung Soybean Products Co., Ltd., which gained traction on social media [1][2] Group 1: Company Developments - Joyoung Co., Ltd. has divested its 25.5001% stake in Hangzhou Joyoung Soybean Products Co., Ltd. to refocus on its core business in kitchen small appliances [1][2] - Following the divestment, Joyoung Co., Ltd. aims to expand its product offerings in the kitchen appliance sector, including new products like a non-stick rice cooker and a space-saving water purifier [2] Group 2: Financial Performance - In Q3 2023, Joyoung Co., Ltd. reported revenue of 1.598 billion yuan, a year-on-year decrease of 10.99%, while net profit was 854,600 yuan, reflecting a year-on-year increase of 101.11% [2] - For the first three quarters of 2023, the company recorded total revenue of 5.585 billion yuan, down 9.66% year-on-year, with a net profit of 12.4 million yuan, up 26.03% year-on-year [2]

Group 1 - Liren Technology (SZ 001259) announced on November 14 that its fourth board meeting was held to discuss the proposal for the extension of certain fundraising projects [1] - For the first half of 2025, Liren Technology's revenue composition is entirely from the small home appliance industry, accounting for 100.0% [1] - As of the report, Liren Technology has a market capitalization of 2.3 billion yuan [1]

Market Overview - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.97% to close at 3990.49 points, while the Shenzhen Component Index and the ChiNext Index dropped by 1.93% and 2.82% respectively [1][2] - The total trading volume was 19803.82 billion yuan, a decrease of approximately 853 billion yuan compared to the previous day [1] Sector Performance - The electronics and computer sectors saw significant net outflows, with 321.12 billion yuan and 203.72 billion yuan respectively [7] - The gas sector performed well, with stocks like Guo Xin Energy and Changchun Gas hitting the upper limit [2] - The storage chip sector faced adjustments, with stocks like Baiwei Storage and Jiangbolong dropping over 10% [2] Notable Stocks - Jiuyang Co., Ltd. achieved a two-day limit up, closing at 12.17 yuan per share with a total market value of 9.286 billion yuan [4] - Jiuyang's stock price surge is linked to the popularity of a new green bean milk product, although the company clarified it has no direct relation to the product [6] - The company reported a revenue of 5.585 billion yuan for the first three quarters of 2023, a year-on-year decrease of 9.66%, while net profit increased by 26.03% to 124 million yuan [6] Fund Flow Analysis - A total of 1583.92 billion yuan in net outflows were recorded in the A-share market from November 10 to 14 [7] - Only the banking and real estate sectors saw net inflows, amounting to 4.57 billion yuan and 13.27 billion yuan respectively [7] - Notable inflows were seen in stocks like Ningde Times, which had a net inflow of 27.07 billion yuan, driven by strong export performance in lithium batteries [7] Industry Insights - The global optical module market is expected to grow at a compound annual growth rate of 22% over the next five years, driven by strong demand from AI cluster applications and network upgrades [10] - The domestic storage industry is gaining a competitive edge, with significant growth potential anticipated in the energy storage sector [7]

Core Viewpoint - The recent surge in stock price of Jiuyang Co., Ltd. is attributed to the popularity of a new plant-based drink named "Haqimi North-South Green Bean Soy Milk," despite the company clarifying that it has no direct association with the product [1] Group 1: Stock Performance - Jiuyang's stock price experienced a continuous rise from November 7 to 14, with closing prices hitting a daily limit on November 13 and 14, reaching 12.17 yuan per share and a single-day increase of 10.04%, resulting in a total market capitalization of approximately 9.286 billion yuan [1] Group 2: Product Clarification - Jiuyang Co. publicly stated on November 13 that it does not have any products related to "Haqimi," emphasizing that its main business focuses on kitchen small appliances and does not involve food or beverage products [1] - The "Haqimi North-South Green Bean Soy Milk" is a new product launched by Hangzhou Jiuyang Bean Products Co., Ltd., which operates independently from Jiuyang Co. but shares the same actual controller, Wang Xuning [1] Group 3: Related Transactions - In October 2023, Jiuyang Co. announced a patent transfer and trademark licensing agreement with Hangzhou Jiuyang Bean Products Co., Ltd., involving four authorized invention patents for a total transfer fee of 158,800 yuan and a permanent, non-exclusive trademark license for 36 million yuan [2] - The financial report indicates that there were related transactions between Jiuyang Co. and Hangzhou Jiuyang Bean Products Co. amounting to approximately 462,600 yuan for "purchased goods," along with rental income of about 1.6721 million yuan expected in the first half of 2025 for leasing services provided by Jiuyang Co. [2]

Core Insights - The recent launch of "Haqimi North-South Green Bean Milk" by Joyoung has gone viral, leading to significant stock price increases for Joyoung Co., Ltd. [1][5] - The product's popularity stems from its connection to a meme culture within the ACG (Anime, Comic, Game) community, which has now reached a broader audience [2][3] - Joyoung's stock experienced a surge, with a market capitalization increase from 7.668 billion to 9.286 billion RMB in just two days, reflecting a growth of over 1.6 billion RMB [5] Company Performance - Joyoung Co., Ltd. has faced declining performance, with five consecutive quarters of revenue decline until a slight recovery in Q3 2023, reporting a net profit of 854,600 RMB [4] - The company had previously sold its bean milk division for 177 million RMB in 2023, which was a strategic move to focus on its core small appliance business [4][5] Market Reaction - The viral success of the Haqimi product has led to a significant increase in consumer interest, with over 100,000 orders placed on Taobao within a week and a backlog extending to January [3][5] - The phenomenon has sparked interest among other appliance manufacturers, suggesting a new avenue for product development and marketing strategies [5]

智通财经11月14日讯（记者 张校毓）近日，杭州九阳豆业有限公司（简称"九阳豆业"）推出的"哈基米南北绿豆浆"一 炮而红，并进而引燃九阳股份（002242.SZ）二级市场行情，13日、14日，九阳股份股价连续涨停。 哈基米南北绿豆浆为什么这么火？ 据了解，"哈基米"源于日语"蜂蜜"一词的音译，出自动漫《赛马娘》中的一个经典片段，其中有一段旋律洗脑的"蜂蜜 之歌"，歌词片段被网友谐音成了"哈基米～南北绿豆～"。 后来大量短视频博主将其用作猫咪视频的配乐。当前，"哈基米"在中文互联网语境中也被视作猫猫的代名词，今年以 来，许多关于猫咪的视频爆火，也加速着这一类猫咪形象的传播。 但九阳豆业并非九阳股份合并报表范围内的企业，而是受同一实控人控制的关联企业，因而哈基米南北绿豆浆的爆火 并不会给九阳股份直接带来业绩。对此，九阳股份也已公开澄清，称上市公司并未涉及食品饮品业务。 "哈基米南北绿豆浆"到底有多火？ 九阳豆浆淘宝旗舰店显示，截至11月14日16：00，哈基米南北绿豆浆销量已突破10万+，目前下单享优惠价19.9元/10 袋。但该产品目前处于预售状态，用户目前下单的话，最晚1月12日发货。 九阳豆浆淘宝旗 舰店的 ...

新京报贝壳财经讯（记者阎侠）近日，一款名为"哈基米南北绿豆豆浆"的植物饮料在消费市场掀起热 潮，并将九阳股份称为"哈基米第一股"。11月7日至14日期间，九阳股份的股价持续上涨，其中，13日 和14日均收盘涨停。11月14日，九阳股份的股票收盘价为12.17元/股，单日涨幅为10.04%，公司总市值 约为92.86亿元。 新京报贝壳财经记者梳理发现，九阳豆浆旗舰店背后是杭州九阳豆业有限公司，九阳股份的全称为九阳 股份有限公司。目前，杭州九阳豆业有限公司和九阳股份有限公司之间并无直接的股权关系，但二者存 在关联关系，实际控制人均为王旭宁。 2023年10月，九阳股份发布关于专利转让及商号使用许可暨关联交易的公告称，九阳股份及其子公司拟 与杭州九阳豆业有限公司开展专利转让及商号使用许可暨关联交易事项，本次专利转让涉及四项已授权 发明专利，转让费用总计为人民币15.88万元；本次拟授予杭州九阳豆业有限公司"九阳"商号的使用许 可系永久、非排他许可，商号许可使用范围仅限定于九阳豆业现有业务范围且不得转许可（对子公司转 许可除外），许可费用为人民币3600万元。 财报显示，今年上半年，九阳股份有限公司和杭州九阳豆业有限 ...

Market Overview - The small home appliance sector increased by 1.98% on November 14, with Joyoung Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Joyoung Co., Ltd. (002242) closed at 12.17, up 10.04% with a trading volume of 105,700 shares and a turnover of 129 million yuan [1] - Rainbow Group (003023) closed at 28.51, up 6.26% with a trading volume of 179,700 shares [1] - Liren Technology (001259) closed at 31.54, up 4.61% with a trading volume of 22,700 shares [1] - Stone Technology (688169) closed at 163.42, up 0.99% with a trading volume of 25,800 shares [1] - Other notable stocks include ST Dehao (002005) at 3.11, up 0.97%, and Supor (002032) at 49.25, up 0.20% [1] Capital Flow - The small home appliance sector saw a net inflow of 29.17 million yuan from institutional investors, while retail investors experienced a net outflow of 33.84 million yuan [2] - Key stocks with significant capital inflow include Rainbow Group with 29.22 million yuan from institutional investors and 1.29 million yuan from retail investors [3] - Kewo Technology (603486) had a net inflow of 17.07 million yuan from institutional investors, while retail investors saw a net outflow of 30.00 million yuan [3]