(Adnkronos) – Revenue Increased on a Constant Currency Basis as a Result of Successful Management Through Dynamic Operating Environment
Successfully Grew Market Share in Every Major Category in Which SharkNinja Operates in the U.S.
HONG KONG, Aug. 29, 2022 /PRNewswire/ — JS Global Lifestyle Company Limited (Stock code: 1691.HK) (“JS Global” or the “Company”), a world-leading producer of small household appliances that operates three major brands: Shark, Ninja and Joyoung, today reported its interim financial results for the six months ended June 30, 2022.
“I am pleased to report that we maintained our level of revenue while navigating challenging macroeconomic conditions and after seeing tremendous growth in 2021 and 2020,” said Wang Xuning, Chairman and Chief Executive Officer of JS Global. “Despite global headwinds, we were able to grow market share in every major category in which SharkNinja operates in the U.S. The successful launch of new categories in the second half of 2021 also contributed meaningfully to our revenue during the first half of 2022. Innovation is at the core of who we are at JS Global. I am thrilled at what is to come as we remain focused on our long-term objectives while adhering closely to our proven strategy.”
2022 Interim Financial Results and Commentary
Recent Business Highlights
Balance Sheet and Cash Flow Highlights
Conference Call and Webcast Information
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About JS Global
JS Global Lifestyle Company Limited (Stock code: 1691.HK) is a world leading producer of small household appliances. It ranks fourth globally in the small household appliance industry and third among small household appliance-focused companies. It primarily operates three major brands: Shark, Ninja and Joyoung. The Company’s success is centered around its deep understanding of consumer needs, and is built on its 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.
SharkNinja is an innovation leader in the housewares industry and creator of the familiar household brands Shark® and Ninja®. SharkNinja provides the latest in easy-to-use innovative technology with a growing line of solutions that consist of Shark cleaning and home care products and Ninja kitchen appliances. Products are sold at major retailers and through distributors around the world. Ninja and Shark are registered trademarks of SharkNinja Operating LLC. SharkNinja is a subsidiary of JS Global Lifestyle Company Limited (Stock code: 1691.HK) a leader in small household appliance innovation.
Joyoung (Stock code: 002242.SZ) is SharkNinja’s sister brand and has become a well-known small household electrical appliance enterprise and one of the market share leaders in China. Joyoung invented the first soymilk maker in China and closely connect the concept to plant-based solutions. With 28 years of experience and over 10,000 patented technologies, Joyoung specializes in the research and development, design, manufacturing, and sale of its innovative product categories including small household appliances, primarily focusing on kitchen. Joyoung is a subsidiary of JS Global Lifestyle Company Limited (Stock code: 1691.HK) a leader in small household appliance innovation.
MediaEdmond Lococo, Managing Director, ICR Inc.JSGlobalPR@icrinc.com
Company ContactsVenus Zhao, Head of Investor Relations, Public Relations and Compliance, JS Global LifestyleVenus.Zhao@jsgl.com
Adam Quigley, VP of Finance at SharkNinjaAQuigley@sharkninja.com
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