JS Global Lifestyle Company Limited disclosed that its Shenzhen-listed subsidiary Joyoung Co., Ltd. reported weaker first-quarter results for the three months ended 31 March 2026.

Operating revenue fell 9.41% year on year to RMB 1.81 billion, reflecting softer demand compared with RMB 1.99 billion in the same period of 2025.

Net profit attributable to Joyoung shareholders declined 18.37% to RMB 82.85 million. Excluding non-recurring items, net profit dropped 23.87% to RMB 81.09 million, indicating that core earnings faced greater pressure than headline figures.

Cash generation turned negative: operating cash outflow reached RMB 124.51 million, reversing an inflow of RMB 245.58 million a year earlier. Basic and diluted earnings per share both decreased to RMB 0.11 from RMB 0.14.

Return on equity softened to 2.40%, down 0.47 percentage point year on year.

On the balance-sheet side, total assets slipped 4.67% to RMB 7.43 billion, while net assets attributable to shareholders edged up 1.47% to RMB 3.48 billion.

Non-recurring items added a net gain of RMB 1.76 million, driven mainly by RMB 6.99 million in government grants, partly offset by a RMB 3.66 million fair-value loss on trust and fund products.

The board of JS Global advised shareholders and potential investors to exercise caution when dealing in the company’s securities.