Ticker:002242StockAbbreviation:Joyoung
JoyoungCo.,Ltd.InterimReportoftheThirdQuarter2025
TheCompanyandallmembersoftheBoardofDirectorshaveguaranteedthattheinformationdisclosedistrue,accurateandcomplete,andcontainsnofalserecord,misleadingstatementsormaterialomissions.Importantnotes:
BoardofDirectors,allthedirectorsandseniormanagementstaffofJoyoungCo.,Ltd.(hereinafterreferredtoasthe“Company”)haveguaranteedthatthisReportcontainsnofalserecord,misleadingstatementormaterialomissionandshallbejointlyandseverallyliableforthefactuality,accuracyandcompletenessoftheinformationgiveninthisReport.
CEOoftheCompany,CFOoftheCompany,andChiefAccountantofAccountingInstitution,declaredthatthequarterlyfinancialstatementsshouldbetrue,accurateandcomplete.
Incaseofanydiscrepancy,theChineseversionofthereportshallprevail.Whetherthethirdquarterlyreportwasaudited
□Yes√No
I.KeyAccountingDataandFinancialIndicators
1.KeyAccountingDataandFinancialIndicatorsWhethertheCompanyperformedaretroactiveadjustmenttoorrestatementofaccountingdata?Yes□NoReasonsforRetrospectiveAdjustmentorRestatement:
ChangeinAccountingPolicies
| From1July2025to30September2025 | From1July2024to30September2024 | YoYChange | From1January2025to30September2025 | From1January2024to30September2024 | YoYChange | |||
| BeforeAdjustment | AfterAdjustment | Afteradjustment | BeforeAdjustment | AfterAdjustment | Afteradjustment | |||
| Operatingrevenue(RMB) | 1,598,088,948.43 | 1,795,401,886.07 | 1,795,401,886.07 | -10.99% | 5,585,101,782.36 | 6,182,055,590.30 | 6,182,055,590.30 | -9.66% |
| NetProfitattributabletoshareholdersoftheCompany(RMB) | 854,630.27 | -77,328,704.46 | -77,328,704.46 | 101.11% | 123,585,667.57 | 98,063,944.12 | 98,063,944.12 | 26.03% |
| NetprofitattributabletoshareholdersoftheCompanybeforenon-recurringgainsandlosses(RMB) | 5,429,104.05 | -81,396,143.29 | -81,396,143.29 | 106.67% | 192,476,191.49 | 129,904,193.03 | 129,904,193.03 | 48.17% |
| Netcashflowsfromoperatingactivities(RMB) | — | — | — | — | 347,031,788.32 | 416,958,032.06 | 416,958,032.06 | -16.77% |
| Basicearningspershare(RMB/share) | 0.0011 | -0.10 | -0.10 | 101.10% | 0.16 | 0.13 | 0.13 | 23.08% |
| Dilutedearningspershare(RMB/share) | 0.0011 | -0.10 | -0.10 | 101.10% | 0.16 | 0.13 | 0.13 | 23.08% |
| Weightedaveragereturnonnetassets(%) | 0.02% | -2.20% | -2.20% | 2.22% | 3.55% | 2.83% | 2.83% | 0.72% |
| 30September2025 | 31December2024 | Flux | ||||||
| BeforeAdjustment | AfterAdjustment | AfterAdjustment | ||||||
| Totalassets(RMB) | 6,911,931,604.39 | 7,586,185,728.31 | 7,586,185,728.31 | -8.89% | ||||
| NetassetsattributabletoshareholdersoftheCompany(RMB) | 3,466,752,351.70 | 3,485,895,659.65 | 3,485,895,659.65 | -0.55% | ||||
ReasonsforAccountingPolicyChange:
EffectiveJanuary1,2024,theCompanyimplemented"AccountingTreatmentforWarranty-TypeQualityAssuranceNotClassifiedasaSinglePerformanceObligation"underInterpretationNo.18oftheAccountingStandardsforBusinessEnterprisesissuedbytheMinistryofFinance,andretrospectivelyadjustedtheinformationforcomparableperiods.Duetotheadjustmentofthisaccountingpolicy,thecostofsalesfromthebeginningof2024totheendofthereportingperiodwasRMB4,558,203,466.76beforerestatement,andRMB4,653,849,830.58afterrestatement.Thesellingexpensesfromthebeginningof2024totheendofthereportingperiodwereRMB1,061,819,478.58beforerestatement,andRMB966,173,114.76afterrestatement,whileitdoesnotinvolve
adjustmentstotheaforementionedkeyaccountingdataandfinancialindicators.
2.Non-recurringgainandlossitemsandamountsthereof
√Applicable□Notapplicable
Unit:RMB
| Item | From1July2025to30September2025 | From1January2025to30September2025 | Note |
| Profitorlossfromdisposalofnon-currentassets(includingthewriteoffoftheprovisionforimpairmentofassets) | 198,160.05 | 115,954.52 | |
| Governmentgrantsincludedinthecurrentprofitorloss(thatiscloselyrelatedtotheoperationsoftheCompany,exceptforthoseoffixedquotasoramountsaccordingtothenationallyunifiedstandards) | 11,082,011.51 | 13,346,113.04 | |
| Gainsorlossesfromchangesinfairvaluearisingfromtheholdingoftradingfinancialassets,derivativefinancialassets,tradingfinancialliabilitiesandderivativefinancialliabilitiesandinvestmentincomefromthedisposaloftradingfinancialassets,derivativefinancialassets,tradingfinancialliabilities,derivativefinancialliabilitiesandotherdebtinvestments,excludingtheeffectivehedgingbusinessrelatedtotheCompany’snormalbusinessoperations | -13,980,134.15 | -91,300,324.29 | Mainlyduetochangesinthefairvalueofthefundduringthisperiod. |
| Othernon-operatingincomeorexpensesexcepttheaboveitems | -2,044,501.51 | -2,615,245.31 | |
| Less:Impactofincometaxes | -169,990.32 | -11,567,896.57 | |
| Impactofminorityinterests(aftertax) | 4,918.45 | ||
| Total | -4,574,473.78 | -68,890,523.92 | -- |
Otherdetailsofprofitandlossitemsthatmeetthedefinitionofnon-recurringprofitorloss
□Applicable√NotapplicableNotApplicabletotheCompany.ExplainthereasonsiftheCompanyclassifiesanynon-recurringgain/lossitemmentionedinthe<ExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—Non-RecurringGainsandLosses>asarecurringgain/lossitem
□Applicable√NotapplicableNotApplicabletotheCompany.
3.Changesinkeyaccountingdataandfinancialindicatorsandreasonsforsuchchanges
√Applicable□Notapplicable
Unit:RMB
| Item | 30September2025 | 31December2024 | Flux | Notes |
| Tradingfinancialassets | 100,000,000.00 | 100.00% | Mainlyduetothepurchaseofwealthmanagementproductsinthecurrentperiod | |
| Notesreceivable | 340,387,497.27 | 712,656,154.68 | -52.24% | Mainlyduetotheincreaseintheproportionoftelegraphictransferreceiptsinthecurrentperiod |
| Receivablesfinancing | 307,938,994.71 | 167,780,010.89 | 83.54% | |
| Prepaidexpenses | 46,815,755.28 | 28,255,702.59 | 65.69% | Mainlyduetotheincreaseinprepaidpaymentstolockmaterialinthecurrentperiod |
| Otherreceivables | 62,391,089.66 | 127,533,879.83 | -51.08% | Mainlyduetothecollectionofreceivableequitytransferpaymentsinthecurrentperiod |
| Othercurrentassets | 75,133,142.54 | 202,358,259.43 | -62.87% | MainlyduetothedecreaseofVATcreditleftoverinthecurrentperiod |
| Constructioninprogress | 3,321,356.83 | 13,649,225.15 | -75.67% | MainlyduetothecapitalizationofthedecorationprojectofJinanheadquartersinthecurrentperiod |
| Right-of-useassets | 28,665,695.83 | 43,909,968.16 | -34.72% | Mainlyduetotheamortizationofright-of-useassetsinthecurrentperiod |
| Othernon-Currentfinancialassets | 249,856,420.70 | 358,435,864.25 | -30.29% | Mainlyduetothedeclineinthefairvalueoffundsinthecurrentperiod |
| Othernon-currentassets | 65,000,000.00 | -100.00% | MainlyduetothecapitalizationoftheinfrastructureprojectofJinanheadquartersinthecurrentperiod | |
| Accountspayable | 1,152,264,288.37 | 1,669,178,558.47 | -30.97% | Mainlyduetothedecreaseinprocurementinthecurrentperiod |
| Payrollpayable | 14,629,652.85 | 89,585,139.98 | -83.67% | Mainlyduetothepaymentofyear-endbonusesinthecurrentperiod |
| Contractliabilities | 240,743,051.68 | 160,783,563.58 | 49.73% | Mainlyduetotheincreaseofpaymentsreceivedinadvanceinthecurrentperiod |
| Othercurrentliabilities | 35,307,224.76 | 21,515,354.33 | 64.10% | MainlyduetotheincreaseinoutputVATtobetransferredinthecurrentperiod |
| Leaseliabilities | 6,063,972.10 | 19,036,496.34 | -68.15% | Mainlyduetothepaymentofleaseliabilitiesinthecurrentperiod |
| Othercomprehensiveincome | 14,153,998.12 | 33,763,313.45 | -58.08% | Mainlyduetothesignificantdeclineinforeigncurrencyfinancialstatementtranslationdifferencesinthecurrentperiod |
| Minorityinterests | 16,187,616.43 | 8,069,185.28 | 100.61% | Mainlyduetothecapitalincreasebyminorityshareholders |
| Item | From1January2025to30September2025 | From1January2024to30September2024 | YoY | Note |
| Investmentincome | 30,002,717.80 | 14,176,615.31 | 111.64% | Mainlyduetotheincreaseinfunddividendincomeinthecurrentperiod |
| Gainonchangesinfairvalue | -91,300,324.29 | -55,102,935.25 | -65.69% | Mainlyduetothefairvaluechangesoffundsinthecurrentperiod |
| Creditimpairmentlosses | -2,260,506.41 | 2,122,947.87 | -206.48% | Mainlyduetotheincreaseinbaddebtsoflong-termreceivablesinthecurrentperiod |
| Gainondisposalofassets | 414,427.92 | 2,702,993.34 | -84.67% | Mainlyduetothedecreaseingainsfromdisposaloflong-termassetsinthecurrentperiod |
| Incometaxexpenses | 1,250,942.61 | -13,747,619.99 | 109.10% | Mainlyduetotheincreaseinoperatingprofitinthecurrentperiod |
| Netcashflowsfrominvestingactivities | 41,416,700.92 | 89,622,753.17 | -53.79% | Mainlyduetotheincreaseincashpaidforinvestmentsinthecurrentperiod |
II.ShareholderInformation
1.Totalnumberofcommonshareholdersandnumberofpreferredshareholderswhosevotingrightswereresumed,shareholdingsofthetoptencommonshareholdersattheperiod-end
Unit:share
| TotalnumberofcommonshareholdersattheendoftheReportingPeriod | 39,842 | TotalnumberofpreferredshareholderswithresumedvotingrightsattheendoftheReportingPeriod(ifany) | 0 | |||
| Top10commonshareholders（excludinglendingandtransferofsharesbusiness） | ||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheldattheperiod-end | Numberofrestrictedsharesheld | Pledgedorfrozenshares | |
| Status | Number | |||||
| ShanghaiLihongEnterpriseManagementCo.,Ltd. | Domesticnon-state-ownedcorporation | 50.40% | 384,523,746 | 0 | N/A | 0 |
| JSGlobalCapitalManagementLimited | Foreigncorporation | 17.03% | 129,924,090 | 0 | N/A | 0 |
| JoyoungESOPPlan(Phase1) | Others | 2.01% | 15,313,800 | 0 | N/A | 0 |
| CentralHuijinInvestmentLtd. | State-ownedcorporation | 1.47% | 11,201,233 | 0 | N/A | 0 |
| HongKongSecuritiesClearingCo.,Ltd. | Foreigncorporation | 0.50% | 3,793,163 | 0 | N/A | 0 |
| CPIC-Dividend-PersonalDividend | Others | 0.40% | 3,045,512 | 0 | N/A | 0 |
| ChinaMerchantsBankCo.,Ltd.-SouthernAssetManagementCSI1000ETF | Others | 0.37% | 2,811,637 | 0 | N/A | 0 |
| DajiaLifeInsuranceCo.,Ltd.-TraditionalProducts | Others | 0.27% | 2,053,400 | 0 | N/A | 0 |
| YingxinWang | DomesticNaturalPerson | 0.24% | 1,864,800 | 0 | N/A | 0 |
| BankofChinaLimited-GFCSIPensionIndustryIndexInitiatedSecuritiesInvestmentFund | Others | 0.24% | 1,800,074 | 0 | N/A | 0 |
| Top10non-restrictedcommonshareholders(excludinglendingandtransferofsharesbusiness,excludingexecutiverestrictedshares) | ||||||
| Nameofshareholder | Numberofnon-restrictedsharesheld | Typeofshares | ||||
| Typeofshares | Number | |||||
| ShanghaiLihongEnterpriseManagementCo.,Ltd. | 384,523,746 | RMBcommonstock | 384,523,746 | |||
| JSGlobalCapitalManagementLimited | 129,924,090 | RMBcommonstock | 129,924,090 | |||
| JoyoungESOPPlan(Phase1) | 15,313,800 | RMBcommonstock | 15,313,800 | |||
| CentralHuijinInvestmentLtd. | 11,201,233 | RMBcommonstock | 11,201,233 | |||
| HongKongSecuritiesClearingCo.,Ltd. | 3,793,163 | RMBcommonstock | 3,793,163 | |||
| CPIC-Dividend-PersonalDividend | 3,045,512 | RMBcommonstock | 3,045,512 |
| ChinaMerchantsBankCo.,Ltd.-SouthernAssetManagementCSI1000ETF | 2,811,637 | RMBcommonstock | 2,811,637 |
| DajiaLifeInsuranceCo.,Ltd.-TraditionalProducts | 2,053,400 | RMBcommonstock | 2,053,400 |
| YingxinWang | 1,864,800 | RMBcommonstock | 1,864,800 |
| BankofChinaLimited-GFCSIPensionIndustryIndexInitiatedSecuritiesInvestmentFund | 1,800,074 | RMBcommonstock | 1,800,074 |
| Relatedoracting-in-concertpartiesamongshareholdersabove | InApril2019,theshareholdingstructureofBILTINGDEVELOPMENTSLIMITEDchanged.MR.XuningWANG,theactualcontrolleroftheCompany,becametheactualcontrollerofBILTINGDEVELOPMENTSLIMITED(SeeReportNo.2019-027oftheCompanyonwww.chinainfo.com.cn.).Asaresult,ShanghaiLihongEnterpriseManagementCo.,Ltd.andBILTINGDEVELOPMENTSLIMITED,bothcontrolledbyMr.XuningWANG,aredefinedasacting-in-concertpartiesbytheAdministrativeMeasuresfortheTakeoverofListedCompanies.Otherthantheaforementionedrelatedandacting-in-concertparties,theCompanyisuncertainaboutwhethertherearerelatedoracting-in-concertpartiesamongshareholdersabove.InJuly2024,BILTINGDEVELOPMENTSLIMITEDchangeditsnametoJSGlobalCapitalManagementLimited,whichisstillapartyactinginconcertwiththecontrollingshareholderoftheCompany,ShanghaiLihongEnterpriseManagementCo.,Ltd.TheaforementionedchangedoesnotinvolveanyequitychangeoftheCompany’scontrollingshareholderandhasnoimpactontheCompany'soperatingactivities,andtherehasbeennochangeintheCompany'scontrollingshareholderanddefactocontroller. | ||
| Explanationoncommonshareholdersparticipatinginsecuritiesmargintrading(ifany) | N/A | ||
Shareholdersholdingmorethan5%ofshares,top10shareholdersandtop10shareholderswithnon-restrictedsharesoutstandingparticipatinginthelendingandtransferofsharesbusiness
□Applicable√NotapplicableTop10shareholdersandtop10shareholderswithnon-restrictedsharesoutstandingchangedfromthepreviousperiodduetolending/repatriationinthelendingandtransferofsharesbusiness
□Applicable√Notapplicable
2.TotalNumberofPreferredShareholdersandTOP10PreferredShareholdersandTheirShareholdings
□Applicable√Notapplicable
III.OtherSignificantEvents
□Applicable√NotapplicableIV.QuarterlyFinancialStatements
1.FinancialStatements
1.1CONSOLIDATEDBALANCESHEETPreparedby:JoyoungCo.,Ltd.
30September2025
Unit:RMB
| Item | 30September2025 | 1January2025 |
| Currentassets: | ||
| Cashatbankandonhand | 2,914,737,655.59 | 2,823,683,353.49 |
| Depositreservationforbalance | ||
| Lendingfunds | ||
| Tradingfinancialassets | 100,000,000.00 | |
| Derivativefinancialassets | ||
| Notesreceivable | 340,387,497.27 | 712,656,154.68 |
| Accountsreceivable | 757,671,473.16 | 1,078,483,153.25 |
| Receivablesfinancing | 307,938,994.71 | 167,780,010.89 |
| Prepaidexpense | 46,815,755.28 | 28,255,702.59 |
| Premiumreceivable | ||
| Reinsuranceaccountsreceivable | ||
| Provisionofcessionreceivable | ||
| Otherreceivables | 62,391,089.66 | 127,533,879.83 |
| Including:Interestreceivable | ||
| Dividendreceivable | ||
| Redemptorymonetarycapitalforsale | ||
| Inventories | 659,638,052.37 | 634,788,159.46 |
| Including:DataResource | ||
| Contractassets | ||
| Holdingassetsforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 75,133,142.54 | 202,358,259.43 |
| Totalcurrentassets | 5,264,713,660.58 | 5,775,538,673.62 |
| Non-currentassets: | ||
| Issuanceofloansandadvances | ||
| Equityexpense | ||
| Otherequityinvestments | ||
| Long-termreceivables | 6,543,000.00 | 8,320,860.00 |
| Long-termequityinvestments | 127,545,197.42 | 128,396,158.04 |
| Investmentsinotherequityinstruments | 274,093,373.87 | 275,005,955.32 |
| Othernon-currentfinancialassets | 249,856,420.70 | 358,435,864.25 |
| Investmentproperties | 106,342,526.84 | 85,062,572.14 |
| Item | 30September2025 | 1January2025 |
| Fixedassets | 568,428,040.13 | 557,786,839.95 |
| Constructioninprogress | 3,321,356.83 | 13,649,225.15 |
| Productivebiologicalasset | ||
| Oilandgasassets | ||
| Right-of-useassets | 28,665,695.83 | 43,909,968.16 |
| Intangibleassets | 113,826,359.15 | 115,485,619.26 |
| Including:DataResource | ||
| Developmentexpenditures | ||
| Including:DataResource | ||
| Goodwill | ||
| Long-termprepaidexpenses | 1,686,559.41 | 1,781,613.00 |
| Deferredtaxassets | 166,909,413.63 | 157,812,379.42 |
| Othernon-currentassets | 65,000,000.00 | |
| Totalnon-currentassets | 1,647,217,943.81 | 1,810,647,054.69 |
| TOTALASSETS | 6,911,931,604.39 | 7,586,185,728.31 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Loansfromthecentralbank | ||
| Loansfromotherbanks | ||
| Tradingfinancialliabilities | ||
| Derivativefinancialliability | ||
| Notespayable | 1,737,506,449.97 | 1,895,230,245.10 |
| Accountspayable | 1,152,264,288.37 | 1,669,178,558.47 |
| Unearnedrevenue | ||
| Contractliabilities | 240,743,051.68 | 160,783,563.58 |
| Financialassetssoldforrepurchase | ||
| Depositsfromcustomersandinterbank | ||
| Receivingsfromvicariouslytradedsecurities | ||
| Receivingsfromvicariouslysoldsecurities | ||
| Payrollpayable | 14,629,652.85 | 89,585,139.98 |
| Taxpayable | 31,374,578.68 | 25,076,461.16 |
| Otherpayables | 160,999,670.29 | 157,587,836.05 |
| Including:Interestpayable | ||
| Dividendpayable | ||
| Handlingfeesandcommissionspayable | ||
| Dividendpayableforreinsurance | ||
| Holdingliabilitiesforsale | ||
| Currentportionofnon-currentliabilities | 24,701,975.85 | 25,874,703.15 |
| Othercurrentliabilities | 35,307,224.76 | 21,515,354.33 |
| Totalcurrentliabilities | 3,397,526,892.45 | 4,044,831,861.82 |
| Non-currentliabilities | ||
| Reservefundforinsurancecontracts | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferredstock | ||
| Perpetualbonds | ||
| Leaseliabilities | 6,063,972.10 | 19,036,496.34 |
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Accruedliabilities | 2,799,809.00 | 2,953,582.92 |
| Deferredincome | 5,583,042.97 | 6,393,611.17 |
| Deferredtaxliabilities | 17,017,919.74 | 19,005,331.13 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 31,464,743.81 | 47,389,021.56 |
| Totalliabilities | 3,428,991,636.26 | 4,092,220,883.38 |
| Item | 30September2025 | 1January2025 |
| Shareholders’equity | ||
| Sharecapital | 763,017,000.00 | 767,017,000.00 |
| Otherequityinstruments | ||
| Including:preferredstock | ||
| Perpetualbond | ||
| Capitalsurplus | 590,530,209.29 | 663,224,199.32 |
| Less:Treasurystock | 68,026,879.84 | |
| Othercomprehensiveincome | 14,153,998.12 | 33,763,313.45 |
| Specialreserve | ||
| Surplusreserve | 397,820,873.71 | 397,820,873.71 |
| Generalriskreserve | ||
| Undistributedprofits | 1,701,230,270.58 | 1,692,097,153.01 |
| TotalequityattributabletoshareholdersoftheCompany | 3,466,752,351.70 | 3,485,895,659.65 |
| Minorityinterests | 16,187,616.43 | 8,069,185.28 |
| Totalshareholders’equity | 3,482,939,968.13 | 3,493,964,844.93 |
| TOTALLIABILITIESANDSHAREHOLDERS’EQUITY | 6,911,931,604.39 | 7,586,185,728.31 |
Legalrepresentative:NingningYangPrincipalinchargeofaccounting:JiangangKanHeadofaccountingdepartment:WenGuo
1.2CONSOLIDATEDINCOMESTATEMENTSFORTHENINEMONTHSENDED30SEPTEMBER2025
Unit:RMB
| Item | Fortheninemonthsended30September2025 | Fortheninemonthsended30September2024 |
| Totalrevenue | 5,585,101,782.36 | 6,182,055,590.30 |
| Including:Operatingrevenue | 5,585,101,782.36 | 6,182,055,590.30 |
| Interestincome | ||
| EarnedPremium | ||
| Handlingfeesandcommissionincome | ||
| Totaloperatingcost | 5,416,157,788.49 | 6,095,146,683.64 |
| Including:Costofsales | 4,081,807,308.60 | 4,653,849,830.58 |
| Interestexpense | ||
| Handlingfeesandcommissionexpenses | ||
| Surrendervalue | ||
| Netpaymentsforinsuranceclaims | ||
| Netprovisionforinsuranceliability | ||
| Bondinsuranceexpense | ||
| AmortizedReinsuranceExpenditures | ||
| Taxesandsurcharges | 25,679,249.64 | 24,870,131.67 |
| Sellinganddistributionexpenses | 913,987,815.91 | 966,173,114.76 |
| Generalandadministrativeexpenses | 237,730,172.68 | 246,077,944.68 |
| Researchanddevelopmentexpenses | 217,921,422.17 | 272,308,636.26 |
| Financialincome | -60,968,180.51 | -68,132,974.31 |
| Including:Interestexpenses | 961,964.09 | 1,711,118.84 |
| Interestincome | 65,292,707.66 | 73,136,123.89 |
| Add:Otherincome | 24,126,964.11 | 32,903,497.97 |
| Item | Fortheninemonthsended30September2025 | Fortheninemonthsended30September2024 |
| Investmentincome/(loss) | 30,002,717.80 | 14,176,615.31 |
| Including:Investmentincomefromassociatesandjointventures | -850,960.62 | 6,906,615.31 |
| Profitsorlossesarisingfromderecognitionoffinancialassetsmeasuredatamortizedcosts | ||
| Foreignexchangegains/(losses) | ||
| Netexposuretohedginggains/(losses) | ||
| Gains/(Losses)onchangesinfairvalue | -91,300,324.29 | -55,102,935.25 |
| Creditimpairmentlosses | -2,260,506.41 | 2,122,947.87 |
| Assetimpairmentlosses | -2,220,476.93 | -2,292,486.50 |
| Gainondisposalofassets | 414,427.92 | 2,702,993.34 |
| Operatingprofit | 127,706,796.07 | 81,419,539.40 |
| Add:Non-operatingincome | 3,877,589.08 | 4,569,982.20 |
| Less:Non-operatingexpenses | 6,791,307.79 | 8,065,730.87 |
| Totalprofit | 124,793,077.36 | 77,923,790.73 |
| Less:Incometaxexpenses | 1,250,942.61 | -13,747,619.99 |
| NetProfit | 123,542,134.75 | 91,671,410.72 |
| (1)Classifiedbycontinuityofoperations | ||
| Netprofitfromcontinuingoperations | 123,542,134.75 | 91,671,410.72 |
| Netprofitfromdiscontinuedoperations | ||
| (2)Classifiedbyownershipoftheequity | ||
| AttributabletoshareholdersoftheCompany | 123,585,667.57 | 98,063,944.12 |
| Minorityinterests | -43,532.82 | -6,392,533.40 |
| Othercomprehensiveincome,netoftax | -19,609,315.33 | -16,473,086.67 |
| OthercomprehensiveincomeattributabletoequityownersoftheCompany,netoftax | -19,609,315.33 | -16,473,086.67 |
| (1)Othercomprehensiveincomeitemswhichwillnotbereclassifiedsubsequentlytoprofitorloss | -2,912,581.45 | -5,761,380.34 |
| 1)Changesarisingfromremeasurementofdefinedbenefitplan | ||
| 2)Othercomprehensiveincomethatcannotbetransferredtoprofitorlossundertheequitymethod | ||
| 3)Changesinfairvalueofinvestmentsinotherequityinstruments | -2,912,581.45 | -5,761,380.34 |
| 4)Changesinfairvalueofanenterprise'sowncreditrisk | ||
| 5)Others | ||
| (2)Othercomprehensiveincomeitemswhichwillbereclassifiedsubsequentlytoprofitorloss | -16,696,733.88 | -10,711,706.33 |
| 1)Othercomprehensiveincomeavailablefortransfertoprofitorlossundertheequitymethod | ||
| 2)Changesinfairvalueofotherdebtinvestments | ||
| 3)Reclassificationoffinancialassetstoothercomprehensiveincome | ||
| 4)Provisionforcreditimpairmentofotherdebtinvestments | ||
| 5)Cashflowhedgereserve | ||
| 6)Differencesontranslationofforeigncurrencyfinancialstatements | -16,696,733.88 | -10,711,706.33 |
| 7)Others | ||
| Othercomprehensiveincomeattributabletominorityshareholders,netoftax | ||
| Totalcomprehensiveincome | 103,932,819.42 | 75,198,324.05 |
| Item | Fortheninemonthsended30September2025 | Fortheninemonthsended30September2024 |
| AttributabletoequityownersoftheCompany | 103,976,352.24 | 81,590,857.45 |
| Attributabletominorityinterests | -43,532.82 | -6,392,533.40 |
| Earningspershare: | ||
| (1)Basicearningspershare | 0.16 | 0.13 |
| (2)Dilutedearningspershare | 0.16 | 0.13 |
Inthecaseofabusinesscombinationunderthesamecontrolinthecurrentperiod,thenetincomerealizedbythepartybeingconsolidatedbeforethecombinationwas:RMB0.00,andthenetincomerealizedbythepartybeingconsolidatedinthepreviousperiodwas:RMB0.00.Legalrepresentative:NingningYangPrincipalinchargeofaccounting:JiangangKanHeadofaccountingdepartment:WenGuo
1.3CONSOLIDATEDCASHFLOWSTATEMENTS
Unit:RMB
| Item | Fortheninemonthsended30September2025 | Fortheninemonthsended30September2024 |
| 1.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrenderingofservices | 6,744,278,169.06 | 6,866,031,982.34 |
| Netincreaseincustomerdepositsanddepositsfrombanksandotherfinancialinstitutions | ||
| NetdecreaseindepositswiththeCentralBank | ||
| Netdecreaseindepositswithotherfinancialinstitutions | ||
| Cashreceivedfrompremiumsoforiginalinsurancecontracts | ||
| Netcashreceivedfromreinsuranceoperations | ||
| Netincreaseinpolicyholders'savingsandinvestmentfunds | ||
| Cashreceivedfrominterest,feeandcommission | ||
| Netincreaseinborrowedfunds | ||
| Netincreaseinfundsforrepurchaseoperations | ||
| Netcashreceivedfromagencypurchasesandsalesofsecurities | ||
| Refundoftaxesandsurcharges | 178,222,221.19 | 186,210,379.70 |
| Cashreceivedrelatingtootheroperatingactivities | 488,534,723.71 | 427,202,787.23 |
| Sub-totalofcashinflows | 7,411,035,113.96 | 7,479,445,149.27 |
| Cashpaidforgoodsandservices | 5,304,871,606.36 | 4,974,666,834.18 |
| Netincreaseinloansandadvancestocustomers | ||
| Depositsfrombanksandotherfinancialinstitutions | ||
| Cashpaymentofbenefitsfromtheoriginalinsurancecontract | ||
| Netincreaseinfundsremoved | ||
| Cashpaidforinterest,feeandcommission | ||
| Cashpaidaspolicydividends |
| Item | Fortheninemonthsended30September2025 | Fortheninemonthsended30September2024 |
| Cashpaidtoandonbehalfofemployees | 510,539,319.16 | 509,658,802.92 |
| Paymentsoftaxesandsurcharges | 120,268,260.80 | 242,772,857.57 |
| Cashpaidrelatingtootheroperatingactivities | 1,128,324,139.32 | 1,335,388,622.54 |
| Sub-totalofcashoutflows | 7,064,003,325.64 | 7,062,487,117.21 |
| Netcashflowsfromoperatingactivities | 347,031,788.32 | 416,958,032.06 |
| 2.Cashflowsfrominvestingactivities | ||
| Cashreceivedfromdisposalofinvestments | 38,917,115.00 | 73,194,678.00 |
| Cashreceivedfromreturnsoninvestments | 30,853,678.42 | 61,787.09 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 1,275,843.39 | 5,266,929.69 |
| Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | 63,052,394.80 | |
| Cashreceivedrelatingtootherinvestingactivities | 211,293,656.31 | 209,691,594.59 |
| Sub-totalofcashinflows | 345,392,687.92 | 288,214,989.37 |
| Cashpaidtoacquirefixedassets,intangibleassetsandotherlong-termassets | 5,280,881.60 | 12,535,522.81 |
| Cashpaidtoacquireinvestments | 122,000,000.00 | 230,817.27 |
| Netincreaseinpledgedloans | ||
| Netcashpaidtoacquiresubsidiariesandotherbusinessunits | 0.00 | 99,825,896.12 |
| Cashpaidrelatingtootherinvestingactivities | 176,695,105.40 | 86,000,000.00 |
| Sub-totalofcashoutflows | 303,975,987.00 | 198,592,236.20 |
| Netcashflowsfrominvestingactivities | 41,416,700.92 | 89,622,753.17 |
| 3.Cashflowsfromfinancingactivities | ||
| Cashreceivedfromcapitalcontributions | 15,855,018.00 | 300,000.00 |
| Including:Cashreceivedfromcapitalcontributionsbyminorityshareholdersofsubsidiaries | 15,855,018.00 | 300,000.00 |
| Cashreceivedfromborrowings | ||
| Cashreceivedrelatingtootherfinancingactivities | ||
| Sub-totalofcashinflows | 15,855,018.00 | 300,000.00 |
| Cashrepaymentsofborrowings | ||
| Cashpaymentsforinterestexpensesanddistributionofdividendsorprofits | 114,452,550.00 | 120,282,450.00 |
| Including:Cashpaymentsfordividendsorprofittominorityshareholdersofsubsidiaries | 5,829,900.00 | |
| Cashpaymentsrelatingtootherfinancingactivities | 36,165,895.93 | 44,310,148.78 |
| Sub-totalofcashoutflows | 150,618,445.93 | 164,592,598.78 |
| Netcashflowsfromfinancingactivities | -134,763,427.93 | -164,292,598.78 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | -11,784,831.75 | -12,134,876.56 |
| 5.Netincreaseincashandcashequivalents | 241,900,229.56 | 330,153,309.89 |
| Add:Cashandcashequivalentsatthebeginningoftheperiod | 2,309,238,593.71 | 1,990,989,697.94 |
| 6.Cashandcashequivalentsattheendoftheperiod | 2,551,138,823.27 | 2,321,143,007.83 |
2.Adjustmentstoitemsrelatedtofinancialstatementsatthebeginningoftheyearoffirst-timeimplementationofnewaccountingstandardsfrom2025onwards
□Applicable√Notapplicable
3.AuditingReport
Whetherthethirdquarterlyreportwasaudited
□Yes√NoThethirdquarterlyreportwasnotaudited.
JoyoungCo.,Ltd.BoardofDirectors
28October2025