Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
Ticker: 002242 Stock
Abbreviation: Joyoung
Joyoung Co. Ltd.Interim Report of the Third Quarter 2025
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
1Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
I. Key Accounting Data and Financial Indicators
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data
Yes □ No
Reasons for Retrospective Adjustment or Restatement:
Change in Accounting Policies
From 1 July From 1 July 2024 to 30 YoY From 1 From 1 January 2024 to 30 YoY
2025 to 30 September 2024 Change January 2025 September 2024 Change
September to 30Before After After September Before After
After
2025 Adjustment Adjustment adjustment 2025 Adjustment Adjustment
adjustme
nt
Operating revenue 1598088948 1795401886. 1795401886 -10.99% 5585101782 6182055590. 6182055590.(RMB) .43 07 .07 .36 30 30 -9.66%
Net Profit attributable
to shareholders of the 854630.27 - - 101.11% 123585667.577328704.46 77328704.46 7 98063944.12 98063944.12 26.03%Company (RMB)
Net profit attributable
to shareholders of the
Company before non- 5429104.05 - - 192476191.4 129904193.081396143.29 81396143.29 106.67% 9 129904193.03 3 48.17%recurring gains and
losses (RMB)
Net cash flows from
operating activities — — — — 347031788.32 416958032.06
416958032.0
6 -16.77%(RMB)
Basic earnings per
share (RMB / share) 0.0011 -0.10 -0.10 101.10% 0.16 0.13 0.13 23.08%
Diluted earnings per
share (RMB / share) 0.0011 -0.10 -0.10 101.10% 0.16 0.13 0.13 23.08%
Weighted average
return on net 0.02% -2.20% -2.20% 2.22% 3.55% 2.83% 2.83% 0.72%
assets(%)
31 December 2024 Flux
30 September 2025
Before Adjustment After Adjustment After Adjustment
Total assets (RMB) 6911931604.39 7586185728.31 7586185728.31 -8.89%
Net assets attributable
to shareholders of the 3466752351.70 3485895659.65 3485895659.65 -0.55%
Company (RMB)
Reasons for Accounting Policy Change:
Effective January 1 2024 the Company implemented "Accounting Treatment for Warranty-Type Quality
Assurance Not Classified as a Single Performance Obligation" under Interpretation No. 18 of the Accounting
Standards for Business Enterprises issued by the Ministry of Finance and retrospectively adjusted the information for
comparable periods. Due to the adjustment of this accounting policy the cost of sales from the beginning of 2024 to
the end of the reporting period was RMB 4558203466.76 before restatement and RMB 4653849830.58 after
restatement. The selling expenses from the beginning of 2024 to the end of the reporting period were RMB
1061819478.58 before restatement and RMB 966173114.76 after restatement while it does not involve
2Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
adjustments to the aforementioned key accounting data and financial indicators.
2. Non-recurring gain and loss items and amounts thereof
√ Applicable □Not applicable
Unit: RMB
From 1 July From 1 January
Item 2025 to 30 2025 to 30 Note
September 2025 September 2025
Profit or loss from disposal of non-current assets
(including the write off of the provision for impairment 198160.05 115954.52
of assets)
Government grants included in the current profit or
loss (that is closely related to the operations of the 11082011.51 13346113.04
Company except for those of fixed quotas or amounts
according to the nationally unified standards)
Gains or losses from changes in fair value arising
from the holding of trading financial assets derivative
financial assets trading financial liabilities and
Mainly due to
derivative financial liabilities and investment income
from the disposal of trading financial assets -13980134.15 -91300324.29
changes in the fair
value of the fund
derivative financial assets trading financial liabilities
during this period.derivative financial liabilities and other debt
investments excluding the effective hedging business
related to the Company’s normal business operations
Other non-operating income or expenses except the -2044501.51 -2615245.31
above items
Less: Impact of income taxes -169990.32 -11567896.57
Impact of minority interests (after tax) 4918.45
Total -4574473.78 -68890523.92 --
Other details of profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
Not Applicable to the Company.Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in the
Announcement No. 1 on 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.
3. Changes in key accounting data and financial indicators and reasons for such changes
√ Applicable □Not applicable
Unit: RMB
Item 30 September 31 December2025 2024 Flux Notes
3Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
Trading financial assets 100000000.00 100.00%Mainly due to the purchase of wealth managementproducts in the current period
Notes receivable 340387497.27 712656154.68 -52.24%Mainly due to the increase in the proportion of
167780010.8 telegraphic transfer receipts in the current periodReceivables financing 307938994.71 9 83.54%
Prepaid expenses 46815755.28 28255702.59 65.69%Mainly due to the increase in prepaid payments to lockmaterial in the current period
Other receivables 62391089.66 127533879.8 -51.08%Mainly due to the collection of receivable equity transfer3 payments in the current period
Other current assets 75133142.54 202358259.4 -62.87%Mainly due to the decrease of VAT credit left over in the3 current period
Construction in progress 3321356.83 13649225.15 -75.67%Mainly due to the capitalization of the decoration projectof Jinan headquarters in the current period
Right-of-use assets 28665695.83 43909968.16 -34.72%Mainly due to the amortization of right-of-use assets inthe current period
Other non-Current 249856420.70 358435864.2 -30.29%Mainly due to the decline in the fair value of funds in thefinancial assets 5 current period
Other non-current assets 65000000.00 -Mainly due to the capitalization of the infrastructure100.00%project of Jinan headquarters in the current period
Accounts payable 1152264288. 1669178558. -30.97%Mainly due to the decrease in procurement in the37 47 current period
Payroll payable 14629652.85 89585139.98 -83.67%Mainly due to the payment of year-end bonuses in thecurrent period
Contract liabilities 240743051.68 160783563.5 49.73%Mainly due to the increase of payments received in8 advance in the current period
Other current liabilities 35307224.76 21515354.33 64.10%Mainly due to the increase in output VAT to betransferred in the current period
Lease liabilities 6063972.10 19036496.34 -68.15%Mainly due to the payment of lease liabilities in thecurrent period
Other comprehensive Mainly due to the significant decline in foreign currency
income 14153998.12 33763313.45 -58.08% financial statement translation differences in the currentperiod
Minority interests 16187616.43 8069185.28 100.61%Mainly due to the capital increase by minorityshareholders
From 1 From 1
January 2025 January 2024
Item to 30 to 30 YoY Note
September September
20252024
Investment income 30002717.80 14176615.31 111.64%Mainly due to the increase in fund dividend income inthe current period
Gain on changes in fair -91300324.29 -55102935.25 -65.69%Mainly due to the fair value changes of funds in thevalue current period
Credit impairment losses -2260506.41 2122947.87 -Mainly due to the increase in bad debts of long-term206.48% receivables in the current period
Gain on disposal of
assets 414427.92 2702993.34 -84.67%
Mainly due to the decrease in gains from disposal of
long-term assets in the current period
Income tax expenses 1250942.61 -13747619.99 109.10%Mainly due to the increase in operating profit in thecurrent period
Net cash flows from
investing activities 41416700.92 89622753.17 -53.79%
Mainly due to the increase in cash paid for investments
in the current period
II. Shareholder Information
4Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
1. Total number of common shareholders and number of preferred shareholders whose voting
rights were resumed
shareholdings of the top ten common shareholders at the period-end
Unit: share
Total number of preferred shareholders with
Total number of common shareholders at
39842 resumed voting rights at the end of the 0
the end of the Reporting Period
Reporting Period (if any)
Top 10 common shareholders（excluding lending and transfer of shares business）
Number Pledged or frozen shares
Total
Shareholdi of
Nature of shares held
Name of shareholder ng restricted
shareholder at the Status Number
percentage shares
period-end
held
Shanghai Lihong Domestic
Enterprise Management non-state- 38452374
50.40% 0 N/A 0
Co. Ltd. owned 6
corporation
JS Global Capital Foreign 17.03% 12992409 0 N/A 0
Management Limited corporation 0
Joyoung ESOP Plan
Others 2.01% 15313800 0 N/A 0
(Phase 1)
Central Huijin Investment State-owned 1.47% 11201233 0 N/A 0
Ltd. corporation
Hong Kong Securities Foreign 0.50% 3793163 0 N/A 0
Clearing Co. Ltd. corporation
CPIC-Dividend-Personal
Others 0.40% 3045512 0 N/A 0
Dividend
China Merchants Bank
Co. Ltd. - Southern
Others 0.37% 2811637 0 N/A 0
Asset Management CSI
1000 ETF
Dajia Life Insurance Co.Others 0.27% 2053400 0 N/A 0
Ltd. - Traditional Products
Yingxin Wang Domestic
Natural 0.24% 1864800 0 N/A 0
Person
Bank of China Limited -
GF CSI Pension Industry
Others 0.24% 1800074 0 N/A 0
Index Initiated Securities
Investment Fund
Top 10 non-restricted common shareholders
(excluding lending and transfer of shares business excluding executive restricted shares)
Number of non- Type of shares
Name of shareholder
restricted shares held Type of shares Number
Shanghai Lihong Enterprise Management Co. Ltd. RMB common 38452374
384523746
stock 6
JS Global Capital Management Limited 129924090 RMB common 12992409
stock 0
Joyoung ESOP Plan (Phase 1) 15313800 RMB common 15313800
stock
Central Huijin Investment Ltd. 11201233 RMB common 11201233
stock
Hong Kong Securities Clearing Co. Ltd. 3793163 RMB common 3793163
stock
5Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
CPIC-Dividend-Personal Dividend 3045512 RMB common 3045512
stock
China Merchants Bank Co. Ltd. - Southern Asset 2811637 RMB common 2811637
Management CSI 1000 ETF stock
Dajia Life Insurance Co. Ltd. - Traditional Products 2053400 RMB common 2053400
stock
Yingxin Wang
1864800 RMB common 1864800
stock
Bank of China Limited - GF CSI Pension Industry Index 1800074 RMB common 1800074
Initiated Securities Investment Fund stock
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
Related or acting-in-concert parties among acting-in-concert parties the Company is uncertain about
shareholders above 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.Explanation on common shareholders participating in
N/A
securities margin trading (if any)
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
6Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
2. Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their
Shareholdings
□ Applicable √ Not applicable
III. Other Significant Events
□ Applicable √ Not applicable
IV. Quarterly Financial Statements
1. Financial Statements
1.1 CONSOLIDATED BALANCE SHEET
Prepared by: Joyoung Co. Ltd.
30 September 2025
Unit: RMB
Item 30 September 2025 1 January 2025
Current assets:
Cash at bank and on hand 2914737655.59 2823683353.49
Deposit reservation for balance
Lending funds
Trading financial assets 100000000.00
Derivative financial assets
Notes receivable 340387497.27 712656154.68
Accounts receivable 757671473.16 1078483153.25
Receivables financing 307938994.71 167780010.89
Prepaid expense 46815755.28 28255702.59
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 62391089.66 127533879.83
Including: Interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 659638052.37 634788159.46
Including: Data Resource
Contract assets
Holding assets for sale
Current portion of non-current assets
Other current assets 75133142.54 202358259.43
Total current assets 5264713660.58 5775538673.62
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables 6543000.00 8320860.00
Long-term equity investments 127545197.42 128396158.04
Investments in other equity instruments 274093373.87 275005955.32
Other non-current financial assets 249856420.70 358435864.25
Investment properties 106342526.84 85062572.14
7Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
Item 30 September 2025 1 January 2025
Fixed assets 568428040.13 557786839.95
Construction in progress 3321356.83 13649225.15
Productive biological asset
Oil and gas assets
Right-of-use assets 28665695.83 43909968.16
Intangible assets 113826359.15 115485619.26
Including: Data Resource
Development expenditures
Including: Data Resource
Goodwill
Long-term prepaid expenses 1686559.41 1781613.00
Deferred tax assets 166909413.63 157812379.42
Other non-current assets 65000000.00
Total non-current assets 1647217943.81 1810647054.69
TOTAL ASSETS 6911931604.39 7586185728.31
Current liabilities:
Short-term borrowings
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liability
Notes payable 1737506449.97 1895230245.10
Accounts payable 1152264288.37 1669178558.47
Unearned revenue
Contract liabilities 240743051.68 160783563.58
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 14629652.85 89585139.98
Tax payable 31374578.68 25076461.16
Other payables 160999670.29 157587836.05
Including: Interest payable
Dividend payable
Handling fees and commissions payable
Dividend payable for reinsurance
Holding liabilities for sale
Current portion of non-current liabilities 24701975.85 25874703.15
Other current liabilities 35307224.76 21515354.33
Total current liabilities 3397526892.45 4044831861.82
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 6063972.10 19036496.34
Long-term payables
Long-term payroll payable
Accrued liabilities 2799809.00 2953582.92
Deferred income 5583042.97 6393611.17
Deferred tax liabilities 17017919.74 19005331.13
Other non-current liabilities
Total non-current liabilities 31464743.81 47389021.56
Total liabilities 3428991636.26 4092220883.38
8Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
Item 30 September 2025 1 January 2025
Shareholders’ equity
Share capital 763017000.00 767017000.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital surplus 590530209.29 663224199.32
Less: Treasury stock 68026879.84
Other comprehensive income 14153998.12 33763313.45
Special reserve
Surplus reserve 397820873.71 397820873.71
General risk reserve
Undistributed profits 1701230270.58 1692097153.01
Total equity attributable to shareholders of the Company 3466752351.70 3485895659.65
Minority interests 16187616.43 8069185.28
Total shareholders’ equity 3482939968.13 3493964844.93
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 6911931604.39 7586185728.31
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of
accounting department: Wen Guo
1.2 CONSOLIDATED INCOME STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER
2025
Unit: RMB
For the nine months For the nine months
Item ended 30 September ended 30 September
20252024
Total revenue 5585101782.36 6182055590.30
Including: Operating revenue 5585101782.36 6182055590.30
Interest income
Earned Premium
Handling fees and commission income
Total operating cost 5416157788.49 6095146683.64
Including: Cost of sales 4081807308.60 4653849830.58
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 25679249.64 24870131.67
Selling and distribution expenses 913987815.91 966173114.76
General and administrative expenses 237730172.68 246077944.68
Research and development expenses 217921422.17 272308636.26
Financial income -60968180.51 -68132974.31
Including: Interest expenses 961964.09 1711118.84
Interest income 65292707.66 73136123.89
Add: Other income 24126964.11 32903497.97
9Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
For the nine months For the nine months
Item ended 30 September ended 30 September
20252024
Investment income/(loss) 30002717.80 14176615.31
Including: Investment income from associates and joint -850960.62 6906615.31
ventures
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 -91300324.29 -55102935.25
Credit impairment losses -2260506.41 2122947.87
Asset impairment losses -2220476.93 -2292486.50
Gain on disposal of assets 414427.92 2702993.34
Operating profit 127706796.07 81419539.40
Add: Non-operating income 3877589.08 4569982.20
Less: Non-operating expenses 6791307.79 8065730.87
Total profit 124793077.36 77923790.73
Less: Income tax expenses 1250942.61 -13747619.99
Net Profit 123542134.75 91671410.72
(1) Classified by continuity of operations
Net profit from continuing operations 123542134.75 91671410.72
Net profit from discontinued operations
(2) Classified by ownership of the equity
Attributable to shareholders of the Company 123585667.57 98063944.12
Minority interests -43532.82 -6392533.40
Other comprehensive income net of tax -19609315.33 -16473086.67
Other comprehensive income attributable to equity owners of -19609315.33 -16473086.67
the Company net of tax
(1) Other comprehensive income items which will not be -2912581.45 -5761380.34
reclassified subsequently to profit or loss
1) Changes arising from remeasurement of defined benefit
plan
2) Other comprehensive income that cannot be transferred to
profit or loss under the equity method
3) Changes in fair value of investments in other equity -2912581.45 -5761380.34
instruments
4) Changes in fair value of an enterprise's own credit risk
5) Others
(2) Other comprehensive income items which will be -16696733.88 -10711706.33
reclassified subsequently to profit or loss
1) Other comprehensive income available for transfer to profit
or loss under the equity method
2) Changes in fair value of other debt investments
3) Reclassification of financial assets to other comprehensive
income
4) Provision for credit impairment of other debt investments
5) Cash flow hedge reserve
6)Differences on translation of foreign currency financial -16696733.88 -10711706.33
statements
7)Others
Other comprehensive income attributable to minority
shareholders net of tax
Total comprehensive income 103932819.42 75198324.05
10Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
For the nine months For the nine months
Item ended 30 September ended 30 September
20252024
Attributable to equity owners of the Company 103976352.24 81590857.45
Attributable to minority interests -43532.82 -6392533.40
Earnings per share:
(1) Basic earnings per share 0.16 0.13
(2) Diluted earnings per share 0.16 0.13
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
1.3 CONSOLIDATED CASH FLOW STATEMENTS
Unit: RMB
For the nine months
For the nine months ended
Item ended
30 September 2025
30 September 2024
1. Cash flows from operating activities
Cash received from sales of goods or rendering of 6744278169.06 6866031982.34
services
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
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 178222221.19 186210379.70
Cash received relating to other operating activities 488534723.71 427202787.23
Sub-total of cash inflows 7411035113.96 7479445149.27
Cash paid for goods and services 5304871606.36 4974666834.18
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
11Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
For the nine months
For the nine months ended
Item ended
30 September 2025
30 September 2024
Cash paid to and on behalf of employees 510539319.16 509658802.92
Payments of taxes and surcharges 120268260.80 242772857.57
Cash paid relating to other operating activities 1128324139.32 1335388622.54
Sub-total of cash outflows 7064003325.64 7062487117.21
Net cash flows from operating activities 347031788.32 416958032.06
2. Cash flows from investing activities
Cash received from disposal of investments 38917115.00 73194678.00
Cash received from returns on investments 30853678.42 61787.09
Net cash received from disposal of fixed assets 1275843.39 5266929.69
intangible assets and other long-term assets
Net cash received from disposal of subsidiaries and 63052394.80
other business units
Cash received relating to other investing activities 211293656.31 209691594.59
Sub-total of cash inflows 345392687.92 288214989.37
Cash paid to acquire fixed assets intangible assets 5280881.60 12535522.81
and other long-term assets
Cash paid to acquire investments 122000000.00 230817.27
Net increase in pledged loans
Net cash paid to acquire subsidiaries and other 0.00 99825896.12
business units
Cash paid relating to other investing activities 176695105.40 86000000.00
Sub-total of cash outflows 303975987.00 198592236.20
Net cash flows from investing activities 41416700.92 89622753.17
3. Cash flows from financing activities
Cash received from capital contributions 15855018.00 300000.00
Including: Cash received from capital contributions 15855018.00 300000.00
by minority shareholders of subsidiaries
Cash received from borrowings
Cash received relating to other financing activities
Sub-total of cash inflows 15855018.00 300000.00
Cash repayments of borrowings
Cash payments for interest expenses and distribution 114452550.00 120282450.00
of dividends or profits
Including: Cash payments for dividends or profit to 5829900.00
minority shareholders of subsidiaries
Cash payments relating to other financing activities 36165895.93 44310148.78
Sub-total of cash outflows 150618445.93 164592598.78
Net cash flows from financing activities -134763427.93 -164292598.78
4. Effect of foreign exchange rate changes on cash -11784831.75 -12134876.56
and cash equivalents
5. Net increase in cash and cash equivalents 241900229.56 330153309.89
Add: Cash and cash equivalents at the beginning of the 2309238593.71 1990989697.94
period
6. Cash and cash equivalents at the end of the period 2551138823.27 2321143007.83
2.Adjustments to items related to financial statements at the beginning of the year of first-time
implementation of new accounting standards from 2025 onwards
□ Applicable √ Not applicable
12Joyoung Co. Ltd. Interim Report of the Third Quarter 2025
3. Auditing Report
Whether the third quarterly report was audited
□ Yes √ No
The third quarterly report was not audited.Joyoung Co. Ltd. Board of Directors
28 October 2025
13
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