Neutral J.P.Morgan Asia Pacific Equity Research 22 April 2026 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Yonvou Network - A Updating our model after (uninspiring) FY25 results Yonyou delivered yet another underwhelming set of results for FY25 - tiny rev ...