Core Viewpoint - Jiuyang Co., Ltd. has experienced fluctuations in stock price and trading volume, with a recent decline in share price and mixed financial performance indicators [1][2]. Financial Performance - For the period from January to September 2025, Jiuyang reported revenue of 5.585 billion yuan, a year-on-year decrease of 9.66%, while net profit attributable to shareholders was 124 million yuan, reflecting a year-on-year increase of 26.03% [2]. - The company has distributed a total of 8.147 billion yuan in dividends since its A-share listing, with 458 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 21, Jiuyang's stock price was 10.50 yuan per share, with a market capitalization of 8.012 billion yuan. The stock has seen a year-to-date increase of 2.83%, but a decline of 13.72% over the past five trading days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on November 14 [1]. Shareholder Structure - As of September 30, 2025, Jiuyang had 39,800 shareholders, a decrease of 3.69% from the previous period, with an average of 19,118 circulating shares per shareholder, an increase of 3.29% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 3.7932 million shares, a decrease of 871,000 shares from the previous period [3].

Group 1 - The core viewpoint of the news is that Jiuyang Co., Ltd. has seen a stock price increase of 5.36%, reaching 12.19 yuan per share, with a trading volume of 462 million yuan and a turnover rate of 5.41%, resulting in a total market capitalization of 9.301 billion yuan [1] - Jiuyang Co., Ltd. is based in Jinan, Shandong Province, established on July 8, 2002, and listed on May 28, 2008. The company primarily engages in the research, production, and sales of kitchen small appliances [1] - The main revenue composition of Jiuyang includes: Nutrition cookers 39.65%, Food processors 36.67%, Western-style electrical appliances 18.28%, Cookware 3.69%, Other products 0.96%, and Others (supplementary) 0.76% [1] Group 2 - Among Jiuyang's top ten circulating shareholders, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 11,200 shares in the third quarter, now holding 2.8116 million shares, which accounts for 0.37% of circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion yuan. Year-to-date returns are 27.78%, ranking 1837 out of 4212 in its category; the one-year return is 24.32%, ranking 1864 out of 3956; and since inception, the return is 13.08% [2]

Core Viewpoint - Joyo Co., Ltd. experienced a stock price decline of 2.14% on November 17, with a current price of 11.91 CNY per share and a total market capitalization of 9.088 billion CNY [1] Financial Performance - For the period from January to September 2025, Joyo Co., Ltd. reported a revenue of 5.585 billion CNY, a year-on-year decrease of 9.66%, while the net profit attributable to shareholders increased by 26.03% to 124 million CNY [2] - The company has cumulatively distributed 8.147 billion CNY in dividends since its A-share listing, with 458 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Joyo Co., Ltd. was 39,800, a decrease of 3.69% from the previous period, with an average of 19,118 circulating shares per shareholder, an increase of 3.29% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, both of which have reduced their holdings compared to the previous period [3] Stock Market Activity - Joyo Co., Ltd. has seen a stock price increase of 16.64% year-to-date, with a 22.15% increase over the last five trading days and a 26.84% increase over the last twenty days [1] - The company has appeared on the stock market's "Dragon and Tiger List" once this year, with the most recent appearance on November 14 [1]

Core 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]

Core Viewpoint - Jiuyang Co., Ltd. has experienced a decline in stock price and financial performance, indicating potential challenges in the kitchen small appliance market [1][2]. Financial Performance - As of June 30, 2025, Jiuyang reported a revenue of 3.987 billion yuan, a year-on-year decrease of 9.11% [2]. - The net profit attributable to shareholders was 123 million yuan, down 30.02% compared to the previous year [2]. - Year-to-date, Jiuyang's stock price has dropped by 8.82%, with a 3.82% decline over the last five trading days and a 10.65% drop over the last 20 days [1]. Shareholder Information - As of June 30, 2025, the number of Jiuyang shareholders was 41,400, a decrease of 5.22% from the previous period [2]. - The average circulating shares per shareholder increased by 5.50% to 18,510 shares [2]. - The company has distributed a total of 8.39 billion yuan in dividends over the past three years [3]. Stockholder Composition - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 4.6641 million shares, a decrease of 502,900 shares [3]. - Southern CSI 1000 ETF increased its holdings by 517,200 shares to 2.8228 million shares [3]. - Guangfa Pension Index A is a new entrant among the top ten shareholders, holding 1.8064 million shares [3]. Business Overview - Jiuyang specializes in the research, production, and sales of kitchen small appliances, with main revenue sources being nutrition cookers (39.65%), food processors (36.67%), Western-style appliances (18.28%), cookware (3.69%), and other products (1.72%) [1].