九阳股份2025年半年度报告摘要（英文版）

Joyoung Co., Ltd. Abstract of the Semi-Annual report 20251Ticker: 002242Stock Abbreviation:JoyoungJoyoung Co., Ltd.Abstract of the Semi-Annual Report 2025Section I Important StatementsThis is an abstract of the Semi-Annual Report 2025. Investors are kindly reminded to read the complete version ofSemi-annual Report 2025 on the website, which is designated by the China Securities Regulatory Commission to getcomplete information about operational results, financial statements, and future plans of the Company.All directors attended the board meeting that reviewed the Semi-Annual Report.Modified Audit OpinionApplicable√ N/AThe preliminary plan for dividend distribution and converting capital reserves into share capital for commonshareholders which were considered and approved by the BoardApplicable√ N/AThe Company plans not to distribute cash dividends, not to issue bonus shares, and not to increase capital through theconversion of capital reserves.The preliminary plan for dividend distribution for preferred shares in the reporting period was approved by theBoardApplicable√ N/ASection II Company Profile1. Company InformationStock AbbreviationJoyoungTicker002242Stock Exchange Where theShares of the Company areListedShenzhen Stock ExchangeContact UsBoard SecretarySecurities RepresentativeNameMinxin MIAOAddressNo.760 Yinhai Street, Qiantang District,Hangzhou, Zhejiang ProvinceTel.0571-81639178E-mail002242@joyoung.com2. Management's Discussion and AnalysisAccording to data from the National Bureau of Statistics, in the first half of 2025, the gross domestic product (GDP)was 66.05 trillion yuan, representing a year-on-year increase of 5.3%; of which, the second quarter saw a year-on-yearJoyoung Co., Ltd. Abstract of the Semi-Annual report 20252increase of 5.2% [Note 1]. China continues to inject stable forces into global economic governance, playing anirreplaceable role. China occupies a central position in the global supply chain, leveraging its massive market advantageto provide crucial support for the recovery of global[Note 1]: In the first half of 2025, the gross domestic product (GDP) was 66.05 trillion yuan, representing a year-on-year increase of 5.3%; ofwhich, the second quarter saw a year-on-year increase of 5.2%. ——China Government Network (www.gov.cn)trade. Meanwhile, to strengthen the domestic economic cycle and promote sustained high-quality development of theChinese economy, relevant departments have diligently implemented the decisions and plans of the Party CentralCommittee and the State Council this year, actively advancing initiatives to boost consumption, implementing consumergoods trade-in programs, and comprehensively expanding domestic demand, resulting in a steady growth trend in theconsumer market.According to “Notice on Doing a Good Job in the 2025 Appliance Trade-in Program” [Note 2], subsidies will beprovided to individual consumers who purchase 12 categories of home appliances, including refrigerators, washingmachines, telev