JS Global Lifestyle Company (1691) Q3 2024 earnings summary

Executive summary

• Joyoung Co., Ltd., a subsidiary of JS Global, reported its unaudited financial results for Q3 and the first nine months ended September 30, 2024.

Financial highlights

• Q3 2024 operating revenue was RMB 1.80 billion, down 27.12% year-over-year.

• Net loss attributable to shareholders in Q3 was RMB 77.33 million, compared to a profit of RMB 116.35 million in Q3 2023.

• For the first nine months, operating revenue was RMB 6.18 billion, down 8.84% year-over-year.

• Net profit for the nine months was RMB 98.06 million, a 73.02% decrease year-over-year.

• Net cash flow from operating activities for Q3 was RMB 416.96 million, down 2.37% year-over-year.

Key financial ratios and metrics

• Basic and diluted EPS for Q3 were both negative RMB 0.10, compared to positive RMB 0.16 in Q3 2023.

• Weighted average return on net assets for Q3 was -2.20%, down from 3.41% in Q3 2023.

• As of September 30, 2024, total assets were RMB 7.52 billion, down 1.28% from December 31, 2023.

• Net assets attributable to shareholders stood at RMB 3.46 billion, down 0.30% from year-end 2023.