JS Global Lifestyle Company (1691) Q3 2025 earnings summary

Executive summary

• Operating revenue for Q3 2025 decreased by 10.99% year-over-year, while net profit attributable to shareholders turned positive compared to a loss in the same quarter last year.

• For the first nine months of 2025, operating revenue declined 9.66% year-over-year, but net profit attributable to shareholders increased by 48.17% compared to the same period in 2024.

• The group is transitioning Joyoung's overseas business from a self-operated to an authorized distribution model, with a new agreement effective November 1, 2025.

Financial highlights

• Q3 2025 operating revenue: RMB 1.60 billion, down 10.99% year-over-year.

• Q3 2025 net profit attributable to shareholders: RMB 5.43 million, compared to a net loss of RMB 81.40 million in Q3 2024.

• Nine-month 2025 operating revenue: RMB 5.59 billion, down 9.66% year-over-year.

• Nine-month 2025 net profit attributable to shareholders: RMB 192.48 million, up 48.17% year-over-year.

• Net cash flow from operating activities for nine months: RMB 347.03 million, down 16.77% year-over-year.

Outlook and guidance

• The new distribution agreement is expected to enhance overseas business synergies and facilitate growth outside China, with an estimated transaction amount of US $1.5 million for the remainder of 2025.