九阳股份:2025年第一季度报告(英文版)

Ticker: 002242 StockAbbreviation: Joyoung
Joyoung Co., Ltd.
Interim Report of the First Quarter 2025
The Company and allmembersof the Boardof Directors have guaranteed thatthe information disclosed is true, accurate
and complete, and contains no false record, misleading statements or material omissions.
Important Notice:
Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior management staff of Joyoung Co., Ltd.
(hereinafter referred to as the “Company”) have guaranteed that this Report contains no false record, misleading statement or material omission and
shall be jointly and severally liable for the factuality, accuracy and completeness of the information given in this Report.
CEO of the Company, CFO of the Company, and Chief Accountant of Accounting Institution, declared that the quarterly financial statements
should be true, accurate and complete.
In case of any discrepancy, the Chinese version of the report shall prevail.
Whether the first quarterly report was audited
□ Yes √ No
I. Key Financial Data
1.Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data
√Yes □ No
Reasons for Retrospective Adjustment or Restatement:
 Change inAccounting Policies □Correction of Prior Period Errors □Business Combinations Under Common Control □Other Reasons
From 1 January 2025 From 1 January 2024 to 31 March 2024 YoY Change
to 31 March 2025 BeforeAdjustment AfterAdjustment After adjustment
Operating revenue (RMB) 1,999,944,950.10 2,065,327,130.90 2,065,327,130.90 -3.17%
Net Profit attributable to shareholders of the 101,488,347.36 129,962,893.25 129,962,893.25 -21.91%
Company (RMB)
Net profit attributable to shareholders of the
Company before non-recurring gains and losses 106,503,121.32 125,416,859.18 125,416,859.18 -15.08%
(RMB)
Net cash flows from operating activities (RMB) 245,581,933.84 313,309,588.31 313,309,588.31 -21.62%
Basic earnings per share (RMB / share) 0.14 0.17 0.17 -17.65%
Diluted earnings per share (RMB / share) 0.14 0.17 0.17 -17.65%
Weighted average return on net assets(%) 2.87% 3.67% 3.67% decreased by 0.80pct.
31 March 2025 31 December 2024 Flux
BeforeAdjustment AfterAdjustment AfterAdjustment
Total assets (RMB) 7,639,301,001.71 7,586,185,728.31 7,586,185,728.31 0.70%

Net assets attributable to shareholders of the 3,575,109,158.88 3,485,895,659.65 3,485,895,659.65 2.56%
Company (RMB)
Reasons for Accounting Policy Change:
Effective January 1, 2024, the Company implemented "Accounting Treatment for Warranty-Type Quality Assurance Not Classified as a Single
Performance Obligation" under Interpretation No. 18 of the Accounting Standards for Business Enterprises issued by the Ministry of Finance, and
retrospectively adjusted the information for comparable periods. Cost of sales in the first quarter of 2024 prior to the restatement was RMB
1,509,291,296.17, and as a result of the adjustment to this accounting policy, cost of sales for the first quarter of 2024 amounted to RMB
1,528,292,334.81 after the restatement. Correspondingly, sales expense for the first quarter of 2024 before restatement was RMB 273,210,444.62
and sales expense for the first quarter after restatement was RMB 254,209,405.98.
2. Non-recurring gain and loss items and amounts thereof
Unit: RMB
From 1 January
Item 2025 to 31 March Note
2025
Profit or loss from disposal of non-current assets (including the write-off of the provision for impairment of -5,530.04
assets)
Government grants included in the current profit or loss (that is closely related to the operations of the 1,916,891.08
Company, except for those of fixed quotas or amounts according to the nationally unified standards)
Gains or losses from changes in fair value arising from the holding of trading financial assets, derivative
financial assets, trading financial liabilities and derivative financial liabilitie