Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
Ticker: 002242 Stock Abbreviation: Joyoung
Joyoung Co., Ltd.
Interim Report of the Third Quarter 2026
The Company and all members of the Board of Directors have guaranteed that the information disclosed is true,
accurate and complete, and contains no false record, misleading statements or material omissions.
Important notes:
Board of Directors, all the directors 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 third quarterly report was audited
□ Yes √ No
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
I. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data
□Yes No
From 1 January
From 1 July 2026 to
YoY Change 2026 to 30 YoY Change
September 2026
Operating revenues (RMB Yuan) 1,562,832,215.42 -2.21% 5,051,975,366.15 -9.55%
Net profits attributable to shareholders of the Company
(RMB Yuan)
Net profits attributable to shareholders of the Company
before non-recurring gains and losses (RMB Yuan)
Net cash flow from operating activities (RMB Yuan) — — -148,488,073.13 -142.79%
Basic earnings per share (RMB Yuan /share) 0.0003 -72.73% 0.10 -37.50%
Diluted earnings per share (RMB Yuan /share) 0.0003 -72.73% 0.10 -37.50%
Weighted average return on net assets Decreased by Decreased by
points points
Change(%) between 31 December
Total assets (RMB) 6,658,346,703.37 7,794,224,747.51 -14.57%
Net assets attributable to shareholders of the Company
(RMB)
√ Applicable □Not applicable
Unit: RMB
From 1 July 2026 to From 1 January 2026
Item Note
Profit or loss from disposal of non-current assets (including the
-58,019.81 -4,515,568.20
write off of the provision for impairment of assets)
Government grants included in the current profit or loss (except
for government grants that are closely related to the Company's
normal business operations, comply with national policies, are 586,724.01 7,829,672.17
enjoyed in accordance with determined standards, and have a
continuous impact on the company's profit and loss)
Gains or losses from changes in fair value arising from the
holding of financial assets and financial liabilities by non-financial
enterprises, and gains and losses arising from the
-2,299,030.81 -7,201,217.85
disposal of financial assets and financial liabilities, excluding the
effective hedging business related to the Company’s normal
business operations
Other non-operating income or expenses except the above items -1,113,727.30 -1,976,259.22
Less: Impact of income taxes -815,574.73 -1,139,152.64
Total -2,068,479.18 -4,724,220.46 --
Other details of profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
Not Applicable to the Company.
Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in the
Information Disclosure for Companies Offering Their Securities to the Public—Non-Recurring Gains and Losses> as a recurring gain/loss item
□ Applicable √ Not applicable
Not Applicable to the Company.
√ Applicable □Not applicable
Unit: RMB
Change(%) between 31
Item 30 September 2026 31 December 2025 December 2025 and 30 Notes
September 2026
Mainly due to the purchase of structured
Trading financial assets 16,500,000.00 100.00%
deposits in the current period
Mainly due to the maturity of notes during
Notes receivable 267,218,642.58 474,242,692.64 -43.65%
the current period
Mainly due to an increase in prepayments
Prepaid expenses 59,159,007.63 39,155,130.21 51.09% for raw materials under price-lock
arrangements during the reporting period
Mainly due to an increase in receivables
Long-term receivables 15,931,500.00 11,863,000.00 34.30% from equity transfers during the reporting
period
Mainly due to an increase in other
Construction in progress 2,773,992.47 1,077,254.78 157.51%
miscellaneous construction projects
Mainly due to the purchase of certificates of
Other non-current assets 202,604,999.14 100.00%
deposit during the current period
Mainly due to the payment of year-end
Payroll payable 33,975,172.53 112,707,094.22 -69.86%
bonuses during the current period
Mainly due to a decrease in endorsed bank
Other current liabilities 31,724,279.04 45,623,089.36 -30.46% acceptance bills that have not been
derecognized during the reporting period
Mainly due to the repurchase of the
Treasury stock 90,014,797.00 100.00%
Company's shares
Mainly due to the decline in exchange rates
during the current period, resulting in
Other comprehensive income -83,990,839.73 729,415.64 -11,614.81%
increased losses from the translation of
foreign currency financial statements
From 1 January
From 1 January 2026 to
Item 2025 to 30 YoY Change Note
September 2025
Mainly due to a decrease in losses arising
Gain on changes in fair value -12,799,046.75 -91,300,324.29 85.98% from changes in the fair value of fund
investments
Mainly due to the decrease in the bad debt
Credit impairment losses -650,587.53 -2,260,506.41 71.22% provision for accounts receivable during the
current period
Mainly due to a decrease in gains on
Gains on disposal of assets 90,824.50 414,427.92 -78.08% disposal of long-term assets during the
current period
Mainly due to a decrease in total profit
Income tax expenses -18,384,449.51 1,250,942.61 -1569.65%
during the current period
Mainly due to a decrease in cash receipts
Net cash flows from operating
-148,488,073.13 347,031,788.32 -142.79% from the sale of goods and the rendering of
activities
services during the current period
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
Net cash flows from investing Mainly due to the purchase of structured
-228,057,166.90 41,416,700.92 -650.64%
activities deposits in the current period
Net cash flows from financing Mainly due to the repurchase of the
-227,787,288.62 -134,763,427.93 -69.03%
activities Company's shares
Effect of exchange rate
Mainly due to the decline in exchange rates
changes on cash and cash -81,319,054.96 -11,784,831.75 -590.03%
during the current period
equivalents
II. Shareholder Information
shareholdings of the top ten common shareholders at the period-end
Unit: share
Total number of common shareholders at the end Total number of preferred shareholders with resumed
of the Reporting Period voting rights at the end of the Reporting Period (if any)
Top 10 common shareholders（excluding lending and transfer of shares business）
Total shares Number of Pledged or frozen shares
Nature of Shareholding
Name of shareholder held at the restricted
shareholder percentage Status Number
period-end shares held
Shanghai Lihong Enterprise Domestic non-
Management Co., Ltd. state-owned 50.40% 384,523,746 0 N/A 0
corporation
JS Global Capital Management Foreign
Limited corporation
Joyoung ESOP Plan (Phase 1) Others 2.01% 15,313,800 0 N/A 0
Joyoung ESOP Plan (2026) Others 1.40% 10,710,170 0 N/A 0
Hong Kong Securities Clearing Foreign
Co., Ltd. corporation
CPIC-Dividend-Personal
Others 0.40% 3,045,512 0 N/A 0
Dividend
Li Ling Domestic
Natural Person
Fengkai Liu Domestic
Natural Person
Bank of China Limited - GF
CSI Pension Industry Index
Others 0.25% 1,891,000 0 N/A 0
Initiated Securities Investment
Fund
Yingxin Wang Domestic
Natural Person
Top 10 non-restricted common shareholders
(excluding lending and transfer of shares business, excluding executive restricted shares)
Number of non-restricted Type of shares
Name of shareholder
shares held Type of shares Number
Shanghai Lihong Enterprise Management Co., Ltd. 384,523,746 RMB common stock 384,523,746
JS Global Capital Management Limited 129,924,090 RMB common stock 129,924,090
Joyoung ESOP Plan (Phase 1) 15,313,800 RMB common stock 15,313,800
JoyoungESOPPlan(2026) 10,710,170 RMB common stock 10,710,170
Hong Kong Securities Clearing Co., Ltd. 3,700,774 RMB common stock 3,700,774
CPIC-Dividend-Personal Dividend 3,045,512 RMB common stock 3,045,512
Li Ling 2,688,700 RMB common stock 2,688,700
Fengkai Liu 1,979,870 RMB common stock 1,979,870
Bank of China Limited - GF CSI Pension Industry Index Initiated
Securities Investment Fund
Yingxin Wang 1,864,800 RMB common stock 1,864,800
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
In April 2019, the shareholding structure of BILTING
DEVELOPMENTS LIMITED changed. MR. Xuning WANG, the actual
controller of the Company, became the actual controller of BILTING
DEVELOPMENTS LIMITED (See Report No. 2019-027 of the Company
on www.chinainfo.com.cn.). As a result, Shanghai Lihong Enterprise
Management Co., Ltd. and BILTING DEVELOPMENTS LIMITED, both
controlled by Mr. Xuning WANG, are defined as acting-in-concert parties
by the Administrative Measures for the Takeover of Listed Companies.
Other than the aforementioned related and acting-in-concert parties, the
Related or acting-in-concert parties among shareholders above Company is uncertain about whether there are related or acting-in-
concert parties among shareholders above.
In July 2024, BILTING DEVELOPMENTS LIMITED changed its
name to JS Global Capital Management Limited, which is still a party
acting in concert with the controlling shareholder of the Company,
Shanghai Lihong Enterprise Management Co., Ltd. The aforementioned
change does not involve any equity change of the Company ’ s
controlling shareholder and has no impact on the Company's operating
activities, and there has been no change in the Company's controlling
shareholder and de facto controller.
Fengkai Liu holds 21,300 shares of the Company through an ordinary
Explanation on top 10 shareholders participating in securities
securities account and 1,958,570 shares through a credit securities
margin trading (if any)
account, with a total of 1,979,870 shares of the Company.
Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with non-restricted shares outstanding participating
in the lending and transfer of shares business
□ Applicable √ Not applicable
Top 10 shareholders and top 10 shareholders with non-restricted shares outstanding changed from the previous period due to
lending/repatriation in the lending and transfer of shares business
□ Applicable √ Not applicable
□ Applicable √ Not applicable
III. Other Significant Events
□ Applicable √ Not applicable
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
IV. Quarterly Financial Statements
Prepared by: Joyoung Co., Ltd.
Unit: RMB
Item 30 September 2026 1 January 2026
Current assets:
Cash at bank and on hand 2,906,137,086.51 3,802,344,068.96
Deposit reservation for balance
Lending funds
Trading financial assets 16,500,000.00
Derivative financial assets
Notes receivable 267,218,642.58 474,242,692.64
Accounts receivable 591,345,215.12 844,530,212.00
Receivables financing 368,871,576.94 366,229,143.46
Prepaid expense 59,159,007.63 39,155,130.21
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 18,110,190.28 14,962,889.22
Including: Interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 553,974,374.72 536,531,279.01
Including: Data Resource
Contract assets
Holding assets for sale
Current portion of non-current assets
Other current assets 127,937,780.41 104,591,571.53
Total current assets 4,909,253,874.19 6,182,586,987.03
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables 15,931,500.00 11,863,000.00
Long-term equity investments 92,283,999.01 125,823,796.35
Investments in other equity instruments 264,358,736.49 282,857,131.24
Other non-current financial assets 201,849,229.68 216,690,768.42
Investment properties 97,961,921.84 107,968,662.27
Fixed assets 515,480,351.96 553,197,700.08
Construction in progress 2,773,992.47 1,077,254.78
Productive biological asset
Oil and gas assets
Right-of-use assets 50,657,030.53 21,809,903.49
Intangible assets 109,783,720.56 113,471,329.64
Including: Data Resource
Development expenditures
Including: Data Resource
Goodwill
Long-term prepaid expenses 1,503,526.34 1,654,874.93
Deferred tax assets 193,903,821.16 175,223,339.28
Other non-current assets 202,604,999.14
Total non-current assets 1,749,092,829.18 1,611,637,760.48
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
Item 30 September 2026 1 January 2026
TOTAL ASSETS 6,658,346,703.37 7,794,224,747.51
Current liabilities:
Short-term borrowings
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liability
Notes payable 1,618,647,920.38 2,004,702,049.92
Accounts payable 1,092,678,414.02 1,509,032,583.11
Unearned revenue
Contract liabilities 243,265,053.18 227,229,133.62
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 33,975,172.53 112,707,094.22
Tax payable 32,211,749.33 25,623,201.76
Other payables 146,402,731.28 220,521,260.97
Including: Interest payable
Dividend payable
Handling fees and commissions payable
Dividend payable for reinsurance
Holding liabilities for sale
Current portion of non-current liabilities 29,295,559.35 19,396,898.18
Other current liabilities 31,724,279.04 45,623,089.36
Total current liabilities 3,228,200,879.11 4,164,835,311.14
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 21,710,821.80 3,085,096.72
Long-term payables
Long-term payroll payable
Accrued liabilities 2,722,099.90 3,292,941.91
Deferred income 4,385,580.84 6,762,106.67
Deferred tax liabilities 10,112,239.71 12,121,387.95
Other non-current liabilities
Total non-current liabilities 38,930,742.25 25,261,533.25
Total liabilities 3,267,131,621.36 4,190,096,844.39
Shareholders’ equity
Share capital 763,017,000.00 763,017,000.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital surplus 583,570,363.05 576,383,424.77
Less: Treasury stock 90,014,797.00
Other comprehensive income -83,990,839.73 729,415.64
Special reserve
Surplus reserve 397,820,873.71 397,820,873.71
General risk reserve
Undistributed profits 1,652,827,351.23 1,695,290,397.98
Total equity attributable to shareholders of the Company 3,223,229,951.26 3,433,241,112.10
Minority interests 167,985,130.75 170,886,791.02
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
Item 30 September 2026 1 January 2026
Total shareholders’ equity 3,391,215,082.01 3,604,127,903.12
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 6,658,346,703.37 7,794,224,747.51
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo
Unit: RMB
For the nine months ended For the nine months ended
Item
Total revenue 5,051,975,366.15 5,585,101,782.36
Including: Operating revenue 5,051,975,366.15 5,585,101,782.36
Interest income
Earned Premium
Handling fees and commission income
Total operating cost 5,028,252,081.42 5,416,157,788.49
Including: Cost of sales 3,812,339,258.56 4,081,807,308.60
Interest expense
Handling fees and commission expenses
Surrender value
Net payments for insurance claims
Net provision for insurance liability
Bond insurance expense
Amortized Reinsurance Expenditures
Taxes and surcharges 22,541,675.21 25,679,249.64
Selling and distribution expenses 838,268,247.86 913,987,815.91
General and administrative expenses 228,186,537.80 237,730,172.68
Research and development expenses 175,101,579.58 217,921,422.17
Financial income -48,185,217.59 -60,968,180.51
Including: Interest expenses 1,576,507.82 961,964.09
Interest income 59,996,449.03 65,292,707.66
Add: Other income 27,552,795.90 24,126,964.11
Investment income/(loss) 24,989,767.49 30,002,717.80
Including: Investment income from associates and joint ventures -1,196,577.81 -850,960.62
Profits or losses arising from derecognition of financial
assets measured at amortized costs
Foreign exchange gains/(losses)
Net exposure to hedging gains/(losses)
Gains/(Losses) on changes in fair value -12,799,046.75 -91,300,324.29
Credit impairment losses -650,587.53 -2,260,506.41
Asset impairment losses -2,710,417.84 -2,220,476.93
Gain on disposal of assets 90,824.50 414,427.92
Operating profit 60,196,620.50 127,706,796.07
Add: Non-operating income 1,005,086.06 3,877,589.08
Less: Non-operating expenses 3,294,518.45 6,791,307.79
Total profit 57,907,188.11 124,793,077.36
Less: Income tax expenses -18,384,449.51 1,250,942.61
Net Profit 76,291,637.62 123,542,134.75
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
For the nine months ended For the nine months ended
Item
(1) Classified by continuity of operations
Net profit from continuing operations 76,291,637.62 123,542,134.75
Net profit from discontinued operations
(2) Classified by ownership of the equity
Attributable to shareholders of the Company 71,989,503.25 123,585,667.57
Minority interests 4,302,134.37 -43,532.82
Other comprehensive income, net of tax -91,924,050.01 -19,609,315.33
Other comprehensive income attributable to equity owners of the Company,
-84,720,255.37 -19,609,315.33
net of tax
(1) Other comprehensive income items which will not be reclassified
-17,298,394.75 -2,912,581.45
subsequently to profit or loss
under the equity method
(2) Other comprehensive income items which will be reclassified
-67,421,860.62 -16,696,733.88
subsequently to profit or loss
the equity method
Other comprehensive income attributable to minority shareholders, net of tax -7,203,794.64
Total comprehensive income -15,632,412.39 103,932,819.42
Attributable to equity owners of the Company -12,730,752.12 103,976,352.24
Attributable to minority interests -2,901,660.27 -43,532.82
Earnings per share:
(1) Basic earnings per share 0.10 0.16
(2) Diluted earnings per share 0.10 0.16
In the case of a business combination under the same control in the current period, the net income realized by the party being consolidated
before the combination was: RMB 0.00, and the net income realized by the party being consolidated in the previous period was: RMB 0.00.
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo
Unit: RMB
For the nine months ended For the nine months ended
Item
Cash received from sales of goods or rendering of services 6,060,523,541.63 6,744,278,169.06
Net increase in customer deposits and deposits from banks and
other financial institutions
Net decrease in deposits with the Central Bank
Net decrease in deposits with other financial institutions
Cash received from premiums of original insurance contracts
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
For the nine months ended For the nine months ended
Item
Net cash received from reinsurance operations
Net increase in policyholders' savings and investment funds
Cash received from interest, fee and commission
Net increase in borrowed funds
Net increase in funds for repurchase operations
Net cash received from agency purchases and sales of securities
Refund of taxes and surcharges 52,508,354.54 178,222,221.19
Cash received relating to other operating activities 371,566,617.79 488,534,723.71
Sub-total of cash inflows 6,484,598,513.96 7,411,035,113.96
Cash paid for goods and services 5,135,181,354.24 5,304,871,606.36
Net increase in loans and advances to customers
Deposits from banks and other financial institutions
Cash payment of benefits from the original insurance contract
Net increase in funds removed
Cash paid for interest, fee and commission
Cash paid as policy dividends
Cash paid to and on behalf of employees 483,436,901.98 510,539,319.16
Payments of taxes and surcharges 154,206,148.64 120,268,260.80
Cash paid relating to other operating activities 860,262,182.23 1,128,324,139.32
Sub-total of cash outflows 6,633,086,587.09 7,064,003,325.64
Net cash flows from operating activities -148,488,073.13 347,031,788.32
Cash received from disposal of investments 5,616,100.00 38,917,115.00
Cash received from returns on investments 30,479,564.83 30,853,678.42
Net cash received from disposal of fixed assets, intangible assets
and other long-term assets
Net cash received from disposal of subsidiaries and other business
units
Cash received relating to other investing activities 2,180,721,292.41 211,293,656.31
Sub-total of cash inflows 2,217,219,573.58 345,392,687.92
Cash paid to acquire fixed assets, intangible assets and other
long-term assets
Cash paid to acquire investments 122,000,000.00
Net increase in pledged loans
Net cash paid to acquire subsidiaries and other business units
Cash paid relating to other investing activities 2,438,910,313.47 176,695,105.40
Sub-total of cash outflows 2,445,276,740.48 303,975,987.00
Net cash flows from investing activities -228,057,166.90 41,416,700.92
Cash received from capital contributions 15,855,018.00
Including: Cash received from capital contributions by minority
shareholders of subsidiaries
Cash received from borrowings
Cash received relating to other financing activities
Sub-total of cash inflows 15,855,018.00
Cash repayments of borrowings
Cash payments for interest expenses and distribution of dividends
or profits
Including: Cash payments for dividends or profit to minority
shareholders of subsidiaries
Joyoung Co., Ltd. Interim Report of the Third Quarter 2026
For the nine months ended For the nine months ended
Item
Cash payments relating to other financing activities 113,334,738.62 36,165,895.93
Sub-total of cash outflows 227,787,288.62 150,618,445.93
Net cash flows from financing activities -227,787,288.62 -134,763,427.93
-81,319,054.96 -11,784,831.75
and cash equivalents
Add: Cash and cash equivalents at the beginning of the period 3,379,483,355.79 2,309,238,593.71
accounting standards from 2026 onwards
□ Applicable √ Not applicable
Whether the third quarterly report was audited
□ Yes √ No
The third quarterly report was not audited.
Joyoung Co., Ltd. Board of Directors
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