Juran Smart Home (000785.SZ): Has not yet signed any legally binding substantive order agreements with Ubtech Robotics.

Juran Smart Home (000785.SZ) announced that the cumulative deviation of its stock closing prices over two consecutive trading days—June 5, 2026, and June 8, 2026—exceeded 20%, constituting abnormal stock price volatility as defined by the Shenzhen Stock Exchange. In March 2025, the company entered into a strategic cooperation agreement with Ubtech Robotics, under which Juran Smart Home intends to act as an agent for the sale of Ubtech Robotics’ products to meet demand across various smart home application scenarios. This agreement is a framework arrangement and is not legally binding on either party. The progress of this collaboration remains subject to multiple factors, including internal and external market conditions and the business planning of the cooperating parties, and therefore entails uncertainty.

Zhitong FinanceJun 8 22:28

Research Report Insights | Hua Fu Securities: Reiterates 'Buy' Rating for Joyou Smart Home, Actively Empowering the Home Furnishing and Decoration Industry with AI Innovation Technology

Huafu Securities' research report pointed out that the fair value changes of Juran Zhijia have mitigated risks, with operating cash flow improving in Q1. In 2025, the company reported a net profit attributable to shareholders of -1 billion yuan, a year-on-year decrease of 230%. In Q1 2026, the net profit attributable to shareholders was 60 million yuan, representing a year-on-year decline of 71%. The core business faced pressure due to the impact of rent relief policies, while the acquisition of Bai Chao and the digital transformation continued to advance. In 2026, the company will focus on its core operations, promoting strategic upgrades, service upgrades, and model upgrades, prioritizing 'cash flow.' The net operating cash flow in Q1 2026 reached 550 million yuan, marking a significant improvement of 199% year-on-year. Additionally, the company will consolidate the achievements of its digital transformation and gradually expand with Southeast Asia as a pivot.

Gelonghui FinanceMay 12 15:57 · Ratings

Juran Zhijia (000785): Fair value adjustments release risks, Q1 operating cash flow improves.

Event: The company released its 2025 annual report and the first-quarter report for 2026. In 2025, it achieved revenue of 11.14 billion yuan, a year-on-year decrease of 14.1%, net profit attributable to shareholders of -1 billion yuan, a year-on-year decrease of 230%, and non-recurring net profit of 110 million yuan.

Hua Fu SecuritiesMay 11 20:53

Juran Smart Home (000785): Short-term performance under pressure, digital intelligence initiatives continue to advance.

Event: Juran Zhijia released its 2025 annual report and the first quarter report of 2026. In 2525, the company achieved operating revenue of 11.144 billion yuan, a year-on-year decrease of 14.05%; net profit attributable to shareholders was -999 million yuan, a year-on-year decline.

SDIC SecuritiesMay 11 19:13

Yanjing Zhijia: 2025 Annual Report

SZSIApr 29 00:00 · Announcements

Juran Smart Home: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements