Joyoung Co., Ltd.Abstract of the Semi-Annual report 2022
Ticker: 002242 StockAbbreviation: Joyoung
Joyoung Co., Ltd.
Abstract of the Semi-Annual Report 2022
Section I Important Statements
This is an abstract of the Semi-Annual Report 2022. Investors are kindly reminded to read the complete version of Semi-annual Report 2022
on the website, which is designated by the China Securities Regulatory Commission to get complete information about operational results, financial
statements, and future plans of the Company.
All directors attended the board meeting that reviewed the Semi-Annual Report.
Modified Audit Opinion
？Applicable √ N/A
The preliminary plan for dividend distribution and converting capital reserves into share capital for common shareholders which were
considered and approved by the Board
？Applicable ？N/A
Convert capital reserves into share capital
□ Yes √ No
The Board has considered and approved the following dividend payout plan for the Reporting Period: based on the Company's total shares of
767,017,000, and deducting the 10,800,000 shares repurchased by the Company, it is proposed that, based on a total of 756,217,000 shares, the
Company should distribute a cash dividend of RMB 5.0 (tax inclusive) and 0 stock dividend (tax inclusive) per 10 shares to all the shareholders and
should not convert capital reserves into share capital.
The preliminary plan for dividend distribution for preferred shares in the reporting period was approved by the Board
？Applicable √ N/A
Section II Company Profile
1. Company Information
StockAbbreviation Joyoung Ticker 002242
Stock Exchange Where the Shares Shenzhen Stock Exchange
of the Company are Listed
Contact Us Board Secretary Securities Representative
Name Minxin MIAO
Address No.760 Yinhai Street, Qiantang New District,
Hangzhou, Zhejiang Province
Tel. 0571-81639178
E-mail 002242@joyoung.com
Joyoung Co., Ltd.Abstract of the Semi-Annual report 2022
2. Management's Discussion and Analysis
In the first half of this year, gross domestic product (GDP) was 56.26 trillion yuan, up 2.5% year-on-year; of which, GDP in the second quarter
was 29.25 trillion yuan, up 0.4% year-on-year. Under the strong leadership of the Party and the government, all regions efficiently coordinated the
epidemic prevention and control and focused on the economic and social development. With a series of policies to stabilize growth and promote
consumption taking effect, consumption continued to recover in general.
The current global epidemic continues to evolve, the external environment is complex and severe, the United States and the euro zone CPI
continued to rise, especially the recent increase in the rate of expansion, record highs. The sustained high international commodity prices put
pressure on the business efficiency of enterprises.
Space technology empowered high-quality small appliance
In the first half of the year, the company focused on the space series products and mid and high-end products, launched cell-wall breaking
blender with anti-bacteria material, three-dimensional hot air heating technology non-flip air fryer, 0 coating rice cooker with water film technology,
water purifier with heating function and anti-bacteria material, Damowang frying pan and other products, which enhanced the brand awareness.
The self-cleaning function of small appliances has become a necessary option for product optimization and upgrading, from the kitchen to the
whole house, from the " hand washing free" cell-wall breaker to the "one key self-cleaning" Joyoung floor scrubber, the company did well in
consumer insight, grasped the mainstream upgrading direction of the scrubber - sterilization, anti-bacteria and anti-odor, added automatic drying
function and electrolysis of water to remove bacteria function.
From small kitchen appliances to small cleaning appliances, from making consumers eat healthy to live healthy, this is not only category
expansion and technological innovation, but also the inheritance of brand genes “health and innovation“and company values to meet the people's
aspirations for a better life.
Through continuous technology and product innovation, efficient digital user communication and product upgrading, and fast and accurate
marketing strategies, the company has been able to capture new market demands and respond quickly, and continue to lead the industry.
Deep integration across omni-channels
The company adheres to the brand concept of "Healthy and Enjoyable" and continu
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