2026年半年度报告摘要（英文版）

Joyoung Co., Ltd. Abstract of the Semi-Annual report 20261Ticker: 002242Stock Abbreviation: JoyoungJoyoung Co., Ltd.Abstract of the Semi-Annual Report 2026Section I Important StatementsThis is an abstract of the Semi-Annual Report 2026. Investors are kindly reminded to read the complete version of Semi-annual Report 2026on the website, which is designated by the China Securities Regulatory Commission to get complete information about operational results, financialstatements, 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 common shareholders which were consideredand 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 the conversion of capitalreserves.The preliminary plan for dividend distribution for preferred shares in the reporting period was approved by the BoardApplicable√ N/ASection II Company Profile1. Company InformationStock AbbreviationJoyoungTicker002242Stock Exchange Where the Shares ofthe Company are ListedShenzhen Stock ExchangeContact UsBoard SecretarySecurities RepresentativeNameMinxin MIAOAddressNo.760 Yinhai Street, Qiantang District, Hangzhou,Zhejiang ProvinceTel.0571-81639178E-mail002242@joyoung.com2. Management's Discussion and AnalysisIn the first half of 2026, China’s economy remained generally stable amid a complex and rapidly changing domestic and internationalenvironment, withstanding pressure and operating within a reasonable range, while new growth drivers expanded rapidly, further demonstrating theresilience of the Chinese economy. According to data released by the National Bureau of Statistics, China’s gross domestic product (GDP) reachedRMB 69.6 trillion in the first half of 2026, representing a year-on-year increase of 4.7%. GDP grew by 5.0% year-on-year in the first quarter and byJoyoung Co., Ltd. Abstract of the Semi-Annual report 202624.3% year-on-year in the second quarter [Note 1]. Economic growth remained resilient, but the recovery in domestic demand continued to face certainpressure.The consumer market maintained moderate growth overall, while consumption patterns continued to diverge. In the first half of 2026, totalretail sales of consumer goods in China reached RMB 24.8722 trillion, representing a year-on-year increase of 1.3%. Retail sales of consumergoods excluding automobiles amounted to RMB 22.9034 trillion, representing a year-on-year increase of 2.8%. With respect to consumption datarelated to the household appliance industry, retail sales of household appliances and audio-visual equipment by enterprises above the designatedsize decreased by 7.4% year-on-year in the first half of 2026 and by 8.7% year-on-year in June [Note 2]. Influenced by the relatively high base in thecorresponding period of the pre