Core Viewpoint - JS Global Life (01691) experienced a significant decline of over 8% in its stock price, attributed to disappointing interim financial results for the six months ending June 30, 2025, which showed a shift from profit to loss [1] Financial Performance - The company reported revenue of $774 million, representing a year-on-year increase of 4.19% [1] - Shareholder loss amounted to $59.24 million, a stark contrast to the profit of $21.79 million in the same period last year, indicating a significant turnaround from profit to loss [1] - Basic loss per share was recorded at 1.7 cents [1] Gross Profit and Margins - Gross profit for the period was approximately $248.5 million, slightly up from $245.8 million in 2024, reflecting a year-on-year increase of about 1.1% [1] - The gross margin for the reporting period was 32.1%, down 1.0 percentage points from 33.1% in the previous year [1] - Excluding related party gross profit, the gross profit from sales to third-party customers was approximately $241.6 million, up about 12.5% from $214.7 million in 2024 [1] Third-Party Sales Performance - The gross margin from sales to third-party customers was 33.5%, a decrease of 1.7 percentage points from 35.2% in the previous year [1] - The decline in gross margin was primarily due to price reductions on older models in the Joyoung division and a decrease in the gross margin for the SharkNinja Asia-Pacific division, attributed to increased shipping costs, changes in market mix, and strategic discounts implemented in core markets [1]