JS Global Life (01691) dropped more than 8% during trading. As of press time, the stock fell 8.02% to HK$1.95 with a turnover of HK$31.491 million.

On August 29, JS Global Life released its interim results for the six months ended June 30, 2025. The company reported revenue of $774 million, representing a 4.19% year-over-year increase. However, the company recorded a loss attributable to shareholders of $59.242 million, compared to a profit of $21.797 million in the same period last year, marking a shift from profit to loss. Basic loss per share was 1.7 US cents.

For the six months ended June 30, 2025, the Group's gross profit was approximately $248.5 million (2024: approximately $245.8 million), an increase of about 1.1% year-over-year. The gross margin for the reporting period was 32.1%, down 1.0 percentage point from 33.1% for the six months ended June 30, 2024.

Excluding related party gross profit, the Group's gross profit from sales to third-party customers during the reporting period was approximately $241.6 million (2024: approximately $214.7 million), representing an increase of about 12.5% year-over-year. The gross margin from sales to third-party customers during the reporting period was 33.5%, down 1.7 percentage points from 35.2% for the six months ended June 30, 2024.

The margin decline was primarily attributed to price reductions on old model products in the Joyoung segment, as well as decreased gross margins in the SharkNinja Asia Pacific segment. The latter was mainly due to increased freight costs during the reporting period, changes in market mix, and strategic discounts implemented in core markets.