JS Global Update: Joyoung's Q3 reshapes overseas strategy

JS Global Lifestyle Company Limited (JS Global) has announced its subsidiary, Joyoung Co., Ltd., reported mixed financial performance for the third quarter of 2025. For the three months ended September 30, 2025, Joyoung's operating revenue decreased by 10.99% to RMB 1,598,088,948.43 compared to the same period in 2024. However, net profit attributable to shareholders saw a significant increase of 101.11% to RMB 854,630.27.

For the first three quarters of 2025, Joyoung’s operating revenue declined by 9.66% to RMB 5,585,101,782.36, while net profit attributable to shareholders grew by 26.03% to RMB 123,585,667.57. Basic earnings per share for the quarter were RMB 0.0011, a 101.10% increase from RMB (0.10) in 2024. Total assets as of September 30, 2025, were RMB 6,911,931,604.39, an 8.89% decrease from December 31, 2024.

Additionally, JS Global announced a cooperation agreement with Joyoung to transition its overseas business model to an authorized distribution model, with JS Global acting as an authorized distributor for products outside China. This agreement, effective from November 1, 2025, to October 31, 2028, is expected to generate approximately $1.5 million from its effective date through year-end.