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Public company info - JS Global Lifestyle Company Limited , 01691.HK
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JS Global Lifestyle Company Limited, 01691.HK - Company Profile
Chairman Wang Xuning
Share Issued (share) 3,495,000,000
Par Currency U.S. Dollar
Par Value 1.0E-5
Industry Household Appliances
Corporate Profile Business Summary: The group is Design, manufacture, marketing, export and distribution of small kitchen electrical appliances under the brand of "Joyoung”.Design, marketing, manufacture, export, import and distribution of a full range of floor care products, hard-surface steam cleaning products, small kitchen appliances and garment care products under the brands of “Shark” and “Ninja”. Performance for the year: The total revenue of the Company amounted to US$3,016 million throughout the year of 2019, representing a year-on-year increase of 12.5%. Gross profit of the Group for the year ended December 31, 2019 was approximately US$1,127 million, representing a year-on-year increase of 12.8%, while gross profit margin was 37.4%. Adjusted EBITDA increased by 17.7% year-on-year to approximately US$367.4 million. Adjusted profit attributed to owners of the parent for the year ended December 31, 2019 increased by 127.8% year-on-year to approximately US$136.2 million. Business Review： The Group are a global leader in high-quality, innovative small household appliances and the Group’s success is centered around the deep understanding of consumer needs, and is built on the strong product innovation and design capability powered by a global research and development platform, marketing strengths driving high brand engagement, and an omni-channel distribution coverage with high penetration. Through continuously creating new products, expanding and diversifying the Group’s product portfolio to stimulate consumers’ demand and grow the market, the Group are the leader of the market, reshaping the consumer behavior and their lifestyle globally. With trusted market-leading brands, Shark, Ninja and Joyoung, the Group continue to maintain the leadership in the global small household appliance market. The Group focus on three core competencies: (i) developing transformational innovative products with appealing designs; (ii) effecting multi-form brand marketing; and (iii) building a global omni-channel sales network. They are supported by operational infrastructure, including a global research and development platform which utilizes consumer engagement to amass information on consumer preferences and behaviors that informs and influences the product development process, a centralized supply chain with a global reach and a comprehensive information management system across the entire value chain. The Group offered the Group’s transformational innovative small household appliances under the brand name of Joyoung prior to the acquisition of SharkNinja in September 2017 and have expanded the Group’s business significantly since then, operating two business segments during the Reporting Period: the SharkNinja segment focuses on home environment appliances and kitchen appliances which are sold in North America, Europe, Japan and various other countries throughout the world. The Shark and Ninja brands maintain leading market share in a number of product categories and in a number of countries through an intense focus on quality, reliability, consumer satisfaction and accessible innovation to consumers. the Joyoung segment continues offering small household appliances, focusing on kitchen appliances. In China, the Group’s Joyoung brand maintains the largest market share in several innovative product categories. Prospects: Looking ahead, uncertainties will still cloud the macro environment, and countries around the world are facing the challenges of the pandemic. However, the Group estimate that consumers will have more time to cook at home and put more efforts on household cleaning as a result of the pandemic, so the Group will continue to upgrade product research and development and launch products that satisfy consumers’ needs. With the Group’s existing channel advantages in the world markets and capability in expanding new markets, rich product portfolio and innovative capability and the synergies between Joyoung segment and SharkNinja segment, the Group will be in a better position to handle various micro-environment risks and achieve further growth.

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