Joyoung Co.,Ltd is a China-based company, principally engaged in the research and development,manufacture and distribution of small kitchen appliances. The Company's products include soymilkmakers, induction cookers, blenders, juicers, electric pressure cookers, electrical kettles, rice cookers,water purifiers, soybean materials and commercial soymilk makers, among others. The Companydistributes its products within domestic market and to overseas markets. (Source: Reuters)
Joyoung (the company) announced its 2019 annual financial report, stating that during the reportingperiod, it made revenue of CNY 9.35 billion(bln), up 14.48% year-on-year (YoY), net profit attributableto shareholders of CNY 824 million(mln), an increase of 9.26 YoY, and net profit after deductingnon-recurring items of CNY 754mln, rising 32.48% from a year prior; its EPS was CNY 1.07, an 8.08%YoY growth.
The company plans to distribute cash dividend of CNY 5.8 for every 10 shares, which totals CNY445mln, with dividend rate of 54%; with the dividends of semi-annual financial report, the full-yeardividend rate was 100%.
The conventional main business maintained leading positions in the industry.
In the corresponding period, revenue from food processing machine contributed 44% to the total, agrowth of 20% from the previous year; cookers for soup took up 33% of the revenue with a 13% YoYincrease; electric appliances accounted for 12%, rising 7% YoY. The conventional main businessmaintained the top3 positions in the industry.
The company has basically completed the launch of new businesses and its parent company, JS GlobalLife, went public on Hongkong market.
China-oriented product, Shark, made revenue of CNY 107mln in 2019, an obvious increase from CNY20.30mln in 2018; the Shenzhen-based company also conducted agent processing for the export ofSharkNinja which helped the company make CNY 389mln income.The company made improvem……[The Industrial Securities Co., Ltd]