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JS Global Lifestyle Company Limited
(1691)
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Rating:56Neutral
Price Target:
HK$1.50
▼(-23.47% Downside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by mixed financial performance: strong 2025 cash-flow rebound and manageable leverage are offset by deteriorating profitability and margin compression. Earnings-call commentary adds moderate support due to a H1 2026 profitability turnaround and growth in SN APAC/ANZ, but ongoing margin pressure and working-capital risks temper confidence. Technicals are neutral-to-soft, while valuation is moderate based on a ~14 P/E with no dividend data.
Positive Factors
Product innovation and category expansion
Repeated product launches across multiple household categories can broaden the addressable market, improve product mix and support brand relevance. Higher-margin innovations may also provide a durable path to better profitability if adoption continues.
Negative Factors
Persistent margin and profitability pressure
The multi-year decline in gross margin and recurring earnings volatility weaken confidence in profit durability. Continued input-cost, pricing and mix pressure could limit the benefit of revenue stabilization and constrain internally funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Product innovation and category expansion
Repeated product launches across multiple household categories can broaden the addressable market, improve product mix and support brand relevance. Higher-margin innovations may also provide a durable path to better profitability if adoption continues.
Read all positive factors
JS Global Lifestyle Company Limited (1691) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.33B
Dividend Yield3.47%
Average Volume (3M)14.72M
Price to Earnings (P/E)15.5
Beta (1Y)0.64
Revenue Growth0.39%
EPS GrowthN/A
CountryHK
Employees2,363
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,474,571,800
10 Day Avg. Volume12,446,323
30 Day Avg. Volume14,718,234
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.64
Price to Sales (P/S)0.52
P/FCF Ratio8.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.81Price Target Upside-7.65% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.01
Revenue Forecast (FY)HK$1.74B
JS Global Lifestyle Company Limited Business Overview & Revenue Model
Company Description
JS Global Lifestyle Company Limited is a global enterprise dedicated to the research, development, design, production, marketing, and sale of small household appliances. The company's operations span Mainland China, North America, Europe, and othe...
JS Global Lifestyle Company Limited Earnings Call Summary
Earnings Call Date:Aug 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 02, 2026
Earnings Call Sentiment Positive
Overall the call presents a cautiously positive outlook: the group achieved a meaningful profitability turnaround and SN APAC delivered strong, product‑driven growth and margin improvement (ANZ and emerging markets notably robust), which offset pressure from weaker domestic demand at Joyoung, the South Korea channel transition impact, and input‑cost/competitive headwinds. Management emphasized product innovation, channel optimization, cost and supply‑chain actions to sustain improvement into H2.Positive Updates
Group Revenue and Profitability Turnaround
H1 2026 group revenue of USD 741M (Y/Y -4.3%); revenue from third-party customers USD 711M (Y/Y -1.2%). Group turned to net profit of ~USD 13M in H1 (from a loss prior year) and adjusted net profit USD 14.8M, up 9.6% Y/Y; adjusted net profit margin rose from 1.7% to 2.0%.
Negative Updates
Overall Revenue and Gross Margin Pressure
Group revenue declined Y/Y (USD 741M, -4.3%) and gross profit decreased to USD 229M with gross margin contracting to 30.9% (group gross‑margin down ~1.2ppt; third‑party gross margin 32.2%, down ~1.3ppt).
Read all updates
Q2-2026 Updates
Positive
Negative
Group Revenue and Profitability Turnaround
H1 2026 group revenue of USD 741M (Y/Y -4.3%); revenue from third-party customers USD 711M (Y/Y -1.2%). Group turned to net profit of ~USD 13M in H1 (from a loss prior year) and adjusted net profit USD 14.8M, up 9.6% Y/Y; adjusted net profit margin rose from 1.7% to 2.0%.
Read all positive updates
Company Guidance
Management guided that in H1 the group recorded revenue of USD 741m (USD 711m from third‑party customers), gross profit USD 229m with group gross margin ~30.9% (third‑party margin ~32.2%), adjusted net profit USD 14.8m (+9.6% YoY) and reported net profit ~USD 13m (turning from a loss); they noted H1 revenue fell 4.3% YoY (third‑party −1.2%) and gross profit was down vs. prior year (group gross profit −7.7% YoY), while inventory days improved to 57 (vs 59), receivables/notes ~101 days (vs 97) and AR-related days ~198; segment metrics: Joyoung third‑party revenue USD 467m (vs USD 490m), SN APAC third‑party USD 244m (+6.2% YoY; +~31–31.5% ex‑Korea), SN APAC share of third‑party revenue rose to 34.4% (from 31.9%), ANZ USD 129m (+34%), Japan USD 63m (cc +2.6%), Korea USD 18m (from USD 58m), other regions USD 44m (from USD 17m), China USD 457m (from USD 483m); CapEx was USD 18m, interest‑bearing loans USD 79m and debt/equity ~0.15x. For H2 the company reiterated guidance to drive product innovation and channel/DTC expansion, launch new products (Joyoung to narrow the revenue gap and SN APAC to expand coffee/food/beauty/cleaning hits), deepen footprints in Australia/New Zealand, Japan and Korea and expand into India/South/Southeast Asia, while strengthening product‑mix, supply‑chain, expense and working‑capital management, adding suppliers/tooling to address capacity and aiming to balance scale, profitability and capital efficiency.JS Global Lifestyle Company Limited Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.66B | 1.59B | 1.43B | 1.48B | 5.15B |
| Gross Profit | 533.86M | 510.19M | 486.58M | 536.39M | 1.92B |
| EBITDA | -20.21M | -79.29M | 73.84M | 225.13M | 650.06M |
| Net Income | -24.15M | 6.21M | 131.71M | 332.27M | 420.50M |
Balance Sheet | |||||
| Total Assets | 1.64B | 1.50B | 1.40B | 4.64B | 4.81B |
| Cash, Cash Equivalents and Short-Term Investments | 718.37M | 438.62M | 370.34M | 521.42M | 637.52M |
| Total Debt | 94.12M | 32.79M | 5.71M | 941.51M | 1.03B |
| Total Liabilities | 954.71M | 804.64M | 705.13M | 2.57B | 2.72B |
| Stockholders Equity | 520.08M | 534.31M | 535.47M | 1.90B | 1.86B |
Cash Flow | |||||
| Free Cash Flow | 100.34M | 47.21M | 217.10M | 405.34M | 265.03M |
| Operating Cash Flow | 116.95M | 56.03M | 312.12M | 500.93M | 329.52M |
| Investing Cash Flow | 9.31M | -5.40M | -338.27M | -113.40M | -140.95M |
| Financing Cash Flow | 56.47M | 1.32M | -199.61M | -373.11M | -201.71M |
JS Global Lifestyle Company Limited Technical Analysis
Positive
1.96
Price Trends
1.43
Positive
1.48
Positive
1.66
Negative
Market Momentum
0.02
Negative
58.93
Neutral
41.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1691, the sentiment is Positive. The current price of 1.96 is above the 20-day moving average (MA) of 1.46, above the 50-day MA of 1.43, and above the 200-day MA of 1.66, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.93 is Neutral, neither overbought nor oversold. The STOCH value of 41.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1691.
JS Global Lifestyle Company Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$757.13B | 14.41 | 19.96% | 5.00% | 9.41% | 6.11% | |
74 Outperform | HK$2.24B | 6.35 | 20.29% | 3.68% | ― | ― | |
73 Outperform | HK$217.15B | 10.93 | 14.77% | 6.22% | 0.59% | -6.14% | |
63 Neutral | HK$473.95M | 10.54 | 5.15% | 6.77% | -8.88% | -4.52% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$40.47B | 13.70 | 15.74% | 6.57% | -5.25% | -15.94% | |
56 Neutral | HK$5.33B | 15.47 | 8.56% | 3.47% | 0.39% | ― |
* Consumer Cyclical Sector Average
HK:1691
JS Global Lifestyle Company Limited
1.57
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JS Global Lifestyle Company Limited Corporate Events
JS Global Lifestyle Swings Back to Profit Despite Revenue Dip
Aug 21, 2026
JS Global Lifestyle Company Limited reported interim results for the six months ended June 30, 2026, showing revenue of US$741.2 million, a 4.3% year-on-year decline amid softer sales. Despite lower revenue and a 7.7% drop in gross profit to US$22...
JS Global Shareholders Approve Joyoung Sourcing Deal at Extraordinary Meeting
Aug 14, 2026
JS Global Lifestyle Company Limited announced that shareholders approved all resolutions at an extraordinary general meeting held on August 14, 2026, concerning the renewal and ratification of the 2026 sourcing services agreement with Joyoung. The...
JS Global Schedules Board Meeting to Review Interim Results and Possible Dividend
Aug 3, 2026
JS Global Lifestyle Company Limited has scheduled a board meeting for August 21, 2026, to review and approve the unaudited interim results for the six months ended June 30, 2026, and to authorize their publication. The board will also consider dec...
JS Global Flags Sharp Turnaround to Interim Profit on Cost Cuts and SharkNinja Growth
Aug 3, 2026
JS Global Lifestyle Company Limited, a Hong Kong-listed consumer lifestyle and home appliance group, operates through subsidiaries including its SharkNinja Asia Pacific business. The company focuses on branded home and lifestyle products, leveragi...
JS Global Lifestyle Renews Connected Product Development Deal with SharkNinja
Jul 30, 2026
JS Global Lifestyle has renewed its product development arrangement with SharkNinja Europe by signing a 2026 Product Development Agreement that will run from July 31, 2026 to December 31, 2027. Under the agreement, SharkNinja will continue to deve...
JS Global calls virtual EGM to approve 2026 Joyoung sourcing agreement
Jul 28, 2026
JS Global Lifestyle Company Limited has called an extraordinary general meeting for August 14, 2026, to be held virtually via the Vistra eVoting Portal, where shareholders will vote on ratifying and approving the 2026 Sourcing Services Agreement w...
JS Global renews connected sourcing deal with Joyoung for Shark and Ninja products
Jun 29, 2026
JS Global Lifestyle said its subsidiary SharkNinja HK has renewed and extended its sourcing relationship with the Joyoung Group, signing a new sourcing services agreement that will run from 31 July 2026 to 31 December 2027. Under the deal, Joyoung...
JS Global Raises Sourcing Caps on Joyoung Deal as Appliance Demand Climbs
Jun 8, 2026
JS Global Lifestyle Company has revised the annual caps for its sourcing services arrangement with Joyoung, after determining that previously approved limits for 2026 would not accommodate the rising demand of the group. The agreement allows the J...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.