Joyoung Co Ltd

The United States and China have released further details of their plan to cut tariffs on goods not classified as sensitive, covering a total of 1,696 product codes set to receive tariff reductions, worth 30 billion dollars per side, or 60 billion dollars combined, following last week's summit between President Donald Trump and President Xi Jinping. Of that total, 77 product codes are Chinese goods exported to the United States, including fireworks, household appliances, sporting goods and toys. On the US side, 1,619 product codes will be exported to China, including meat, seafood, dairy products, grains, coal, timber and medical equipment. Bloomberg reported that the 60 billion dollar measure is one of the most concrete outcomes of the Chinese leader's official visit to the United States, even though it represents only a small fraction of total trade between the two countries, which stood at 415 billion dollars in 2025. The two countries also agreed to extend their trade truce until January 10, 2027, from its previous expiry date of November 10 this year. China said the tariff cuts will take effect simultaneously once both sides complete their domestic legal procedures, and that 90% of the goods in the plan will see tariffs lowered to the same rate as most-favored-nation tariffs. US Trade Representative Jamieson Greer said the selected goods are not in the sensitive category and therefore have a greater chance of receiving favorable tariff treatment. After the details were published, shares of some Chinese appliance makers rose, led by Joyoung, which surged to its 10% limit, while Bear Electric Appliance jumped 9.5%.

The small appliance sector rose 3.16% in intraday trading on July 27, with Breo up 14.55%, Joyoung up 6.44%, Rainbow Group up 5.77%, Ousheng Electric up 4.58%, and Roborock up 4.52%. According to AVC data, in the first half of 2026, omni-channel retail sales of kitchen small appliances fell 4.8% year-on-year, retail volume dropped 14.6% year-on-year, but the average price rose 11.5% year-on-year to 260 yuan. China Galaxy Securities noted that in 2026, the small appliance industry continues to see declining volume and rising prices, with product structure upgrades remaining the core theme. Driven by trends such as titanium materials, AI smart applications, and multi-function integration, structural upgrades are expected to continuously broaden application scenarios, support average price increases, and improve profitability. Guojin Securities pointed out that the industry is shifting from scale expansion to a value enhancement stage. Against the backdrop of continued national subsidy policies, the demand-side pull effect is tending to weaken marginally, but companies with technological iteration capabilities that can deeply integrate AI interaction, new material applications, and scenario-based functions are expected to continue benefiting from average price increases and brand premiums.

Over the past five trading days, 22 companies saw their shares bought by significant shareholders, with a cumulative increase of 73.756 million shares and a total purchase amount of 603 million yuan. Among them, 10 companies had purchase amounts exceeding 10 million yuan. Changshu Bank topped the list with 186 million yuan, followed by Mulinsen and Joyoung, which ranked second and third with 152 million yuan and 90.0148 million yuan respectively. During the same period, significant shareholders of 96 companies were involved in share reductions, with a total reduction amount of 12.716 billion yuan. The stocks that received insider buying rose by an average of 3.42 percent over the past five days, outperforming the Shanghai Composite Index overall.