香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 NETJOY HOLDINGS LIMITED 云想科技控股有限公司 （於開曼群島註冊成立的有限公司） 2131 （股份代號： ） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 云想科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司連 同其附屬公司及合併聯屬實體（統稱「本集團」或「我們」）截至二零二二年十二月 三十一日止年度（「報告期」）之經審核綜合財務業績，連同截至二零二一年十二 月三十一日止年度的比較數據如下： 財務業績摘要 截至十二月三十一日止年度 二零二二年 二零二一年 同比變動 （人民幣百萬元，百分比除外） 收益 3,310.09 3,122.49 6.01% 毛利 30.48 218.67 (86.06)% 除所得稅前（虧損）╱利潤 (202.22) 134.32 (250.55)% ...

Financial Performance - The company reported total revenue of RMB 1,618.09 million for the first half of 2022, an increase of 3.02% compared to RMB 1,570.71 million in the same period of 2021[10]. - Gross profit for the first half of 2022 was RMB 97.50 million, down 34.69% from RMB 149.28 million in the previous year[10]. - Profit before tax decreased to RMB 70.16 million, a decline of 38.12% from RMB 113.38 million year-on-year[10]. - Net profit for the period was RMB 62.19 million, down 40.33% from RMB 104.22 million in the same period last year[10]. - Adjusted net profit was RMB 72.46 million, a decrease of 39.59% compared to RMB 119.94 million in the previous year[10]. - Revenue for the six months ended June 30, 2022, was RMB 1,618,094 thousand, a slight increase from RMB 1,570,714 thousand in the same period of 2021, representing a growth of approximately 3.0%[36]. - Gross profit decreased to RMB 97,495 thousand from RMB 149,281 thousand, reflecting a decline of about 34.7% year-over-year[36]. - The company reported a net profit of RMB 62,190 thousand for the period, down from RMB 104,222 thousand in the previous year, indicating a decrease of approximately 40.4%[36]. - Basic and diluted earnings per share decreased to RMB 8.0 cents from RMB 13.0 cents, a decline of about 38.5%[36]. - The total comprehensive income for the six months ended June 30, 2022, was RMB 62,190,000, a decrease from RMB 113,383,000 in the same period of 2021, representing a decline of approximately 45%[152]. Revenue Sources - Revenue from online marketing solutions accounted for 98.2% of total revenue, generating RMB 1,588.06 million in the six months ended June 30, 2022, compared to RMB 1,547.01 million in the same period of 2021[45]. - Revenue from the gaming industry increased from 21.5% to 28.0% of total online marketing solutions revenue, reflecting a significant growth in this sector[52]. - Revenue from financial services increased from 16.4% to 23.3% of total online marketing solutions revenue, indicating successful expansion into this vertical[52]. - Revenue from a single major customer amounted to RMB 191,758,822, compared to RMB 142,072,000 for the same period in 2021, indicating a year-over-year increase of approximately 35.0%[178]. Client and Market Growth - The total billing amount increased by 2.71% to RMB 36.01 billion from RMB 35.06 billion year-on-year[14]. - The number of advertising clients served increased to 574, a growth of 4.36% from 550 clients in the same period last year[14]. - The number of SMEs using the company's SaaS services reached 1,995 through local sales channels by June 30, 2022[21]. - The company aims to explore new business models in the short video technology service sector to capture emerging demands and drive efficient growth for enterprise clients[27]. Financial Health - As of June 30, 2022, the company had cash and bank balances of RMB 715 million, indicating a healthy financial structure[14]. - The company maintains a healthy financial structure with sufficient cash reserves, despite uncertainties in the global economic environment due to the COVID-19 pandemic[33]. - Cash generated from operating activities was RMB 194,144,000, compared to a cash outflow of RMB 647,929,000 in the previous year, indicating a significant improvement[152]. - The company’s cash and cash equivalents as of June 30, 2022, were RMB 614,265,000, up from RMB 355,751,000 as of December 31, 2021[145]. Investments and Strategic Initiatives - The company has strategically invested in Hangzhou Wotu Network Technology Co., Ltd. to accelerate global marketing business expansion[20]. - The company aims to enhance its capabilities in innovative technology and creative content to capitalize on opportunities in the digital economy[16]. - The company is actively seeking strategic partnerships, investments, and acquisition opportunities to enhance existing business and create long-term synergistic value[31]. - The company plans to accelerate its international expansion in the short video market, targeting the overseas market as a significant growth opportunity[29]. Shareholder Information - As of June 30, 2022, the total number of shares issued by the company was 795,658,000 shares[1]. - Major shareholder PraxisIFM Fiduciaries (Hong Kong) Limited holds 315,313,070 shares, accounting for approximately 39.63% of the total shares[3]. - The company has a significant concentration of ownership, with the top five shareholders holding over 40% of the total shares[115]. - The beneficial ownership structure includes various family trusts and investment entities, indicating a complex ownership arrangement[119]. Employee Compensation and Structure - Employee compensation expenses, including directors' remuneration, totaled RMB 59.74 million for the six months ended June 30, 2022[84]. - The company had 421 full-time employees as of June 30, 2022, with no significant labor disputes reported[84]. - The total remuneration for executive directors amounted to RMB 1,858,000, which includes salary, allowances, and share-based payment expenses[198]. - The total remuneration for Mr. Wang Chen, who was appointed CEO on June 16, 2020, was RMB 327,000 for the period[198]. Research and Development - Research and development expenses increased to RMB 4,923 thousand from RMB 3,531 thousand, reflecting a focus on enhancing technological capabilities[36]. - The company aims to enhance AI application capabilities and big data analysis through internal R&D and partnerships with leading tech firms[24]. Regulatory and Compliance - The financial statements are prepared in accordance with International Financial Reporting Standards and presented in Renminbi, with all values rounded to the nearest thousand[166]. - The company has established contractual arrangements to effectively control and receive the majority of the economic benefits from its subsidiaries, HiPi Network and Lian Shan Jia, despite not holding direct or indirect equity interests[165].

Financial Performance - The total revenue for the year ended December 31, 2021, was RMB 3,122.49 million, representing a 21.17% increase from RMB 2,577.03 million in 2020[10]. - The profit for the year was RMB 218.67 million, up 7.91% from RMB 202.65 million in the previous year[10]. - The adjusted net profit for 2021 was RMB 146.54 million, slightly increasing by 0.36% compared to RMB 146.02 million in 2020[10]. - The company reported a pre-tax profit of RMB 134.32 million, which is a 20.86% increase from RMB 111.14 million in 2020[10]. - The net profit margin for the year was approximately 3.77%, reflecting the company's profitability[10]. - The net profit increased by 13.31% to RMB 1.174 billion, with adjusted net profit rising to RMB 1.4654 billion[16]. - Gross profit increased by 7.91% from RMB 2.0265 billion in 2020 to RMB 2.1867 billion in 2021[16]. - Revenue for the year ended December 31, 2021, was RMB 3,122,492 thousand, an increase of 21.2% compared to RMB 2,577,026 thousand in 2020[36]. - Gross profit for the same period was RMB 218,670 thousand, up from RMB 202,650 thousand, reflecting a gross margin improvement[36]. - The net profit for the year was RMB 117,399 thousand, compared to RMB 103,608 thousand in the previous year, indicating a year-on-year growth[36]. - The company’s current ratio decreased from 3.74 in 2020 to 2.74 in 2021, indicating a decline in short-term liquidity[46]. - The asset-liability ratio increased from 0.26 in 2020 to 0.36 in 2021, reflecting a higher level of debt relative to assets[46]. Revenue Sources and Growth - Online marketing solutions accounted for 98.4% of total revenue in 2021, generating RMB 3,073.53 million, up from RMB 2,566.35 million in 2020[53]. - Revenue from online marketing solutions grew by 19.8% to RMB 3.07 billion, reflecting the company's strategic expansion into short video marketing SaaS and related services[20]. - SaaS services generated RMB 32.88 million in 2021, representing 1.1% of total revenue, marking the beginning of its commercialization[54]. - The total billing amount rose by 61.29% from RMB 4.079 billion in 2020 to RMB 6.579 billion in 2021[16]. - The effective merchandise transaction amount from the brand live streaming operations reached RMB 729.3 million during the reporting period[24]. - Revenue from the financial services sector increased from 13.1% in 2020 to 18.3% in 2021, highlighting successful expansion into new verticals[60]. Market Expansion and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10]. - Future strategies include enhancing media partnerships, advancing technology development, and exploring strategic collaborations or acquisitions[16]. - The company aims to diversify its business into emerging areas such as brand live streaming and cross-border services[16]. - The company plans to accelerate its business expansion in second and third-tier cities to drive rapid growth in brand live streaming operations[30]. - The company aims to enhance its market presence through integrated services for advertisers and advertising agencies[119]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[101]. Operational Efficiency and Cost Management - The company aims to enhance operational efficiency through new administrative strategies, potentially reducing costs by 10%[101]. - The cost of traffic acquisition accounted for 96.0% of total sales costs in 2021, amounting to RMB 2,788.41 million, compared to 98.6% in 2020[64]. - Sales and distribution expenses increased from RMB 7.0 million in 2020 to RMB 15.80 million in 2021, driven by rapid business growth and an expanded sales team[70]. - Administrative expenses grew from RMB 72.68 million in 2020 to RMB 76.86 million in 2021, mainly due to increased personnel costs and office expansion[72]. - Research and development expenses decreased by 40.42% from RMB 13.31 million in 2020 to RMB 7.93 million in 2021, attributed to the capitalization of cloud service platform costs[74]. Financial Position and Capital Management - Cash and bank balances reached RMB 636 million, indicating a healthy financial structure[16]. - Cash and bank balances decreased from RMB 1,020.86 million in 2020 to RMB 636.31 million in 2021, primarily due to increased working capital needs[82]. - Total capital expenditure for 2021 amounted to RMB 21.03 million, up from RMB 14.9 million in 2020, with significant investments in office equipment and intangible assets[85]. - As of December 31, 2021, bank loans were approximately RMB 612.47 million, an increase from RMB 209.9 million in 2020, with interest rates ranging from 3.00% to 4.95%[83]. - The company plans to fund its capital expenditures primarily through cash generated from operations[85]. Shareholder Structure and Governance - The company has a diverse shareholder structure with multiple special purpose entities and trusts involved in shareholding[192]. - The report indicates a strong concentration of ownership among a few key shareholders, which may impact corporate governance[192]. - The company has adopted a post-IPO share option plan approved by shareholders on November 17, 2020, which became effective on the listing date[195]. - The total number of shares that may be issued upon the exercise of all options granted under the post-IPO share option plan is capped at 80,000,000 shares, representing a maximum of 10% of the shares issued on the date of listing[199]. - The company has terminated the concert party agreement effective March 31, 2022, resulting in the concert party no longer being considered a controlling shareholder with less than 30% voting rights[194]. Risks and Compliance - The company faces significant risks, including reliance on supplier A for user traffic and potential impacts from government regulations on content platforms[134]. - The company has not incurred any expenses related to non-compliance with applicable environmental laws during the reporting period[125]. - The company has not faced any penalties or enforcement actions due to non-compliance with laws and regulations during the reporting period[127].

Financial Data and Key Metrics Changes - In 2021, the total billing reached 6.58 billion RMB, a year-on-year increase of 61% [4] - Revenue for the year was 3.12 billion RMB, up 21% year-on-year [4] - Adjusted profit for the year was 147 million RMB, with a compound annual growth rate of 43% from 2017 to 2021 [3][4] - Gross profit reached 220 million RMB, a year-on-year growth of 8% [4] - Net profit was 120 million RMB, reflecting a 13% increase year-on-year [4] Business Line Data and Key Metrics Changes - The company’s video supply capacity peaked at 21,000 videos, a year-on-year increase of 184% [4] - SaaS revenue in the first year amounted to 32.88 million RMB, indicating successful commercialization of the technology platform [4] - The company has diversified its client base, with significant growth in various sectors including network services and e-commerce [10][18] Market Data and Key Metrics Changes - The short video market in China reached 900 million users, with a marketing scale of 180 billion RMB [5] - Growth rates for short video users have slowed, from 26% in June 2020 to 9% in June 2021 [5] - The overseas short video market is expected to grow significantly, with projections indicating it could exceed 100 billion USD by 2025 [6] Company Strategy and Development Direction - The company is focusing on strategic investments and acquisitions to enhance its market position, particularly in marketing technology and AI upgrades [13] - There is a strong emphasis on expanding the SaaS and brand live streaming operations as part of the core business strategy [11][12] - The company aims to leverage its technological capabilities to address challenges in video production and distribution, enhancing efficiency and effectiveness [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for growth in the overseas short video market, particularly with platforms like TikTok [6][25] - The company anticipates a 50% growth expectation for 2022, contingent on a stable macroeconomic environment [27][28] - Management acknowledged the impact of regulatory changes on certain verticals but remains confident in the overall demand for marketing services [31] Other Important Information - The company has received multiple industry awards, recognizing its leadership in marketing technology [4] - The client structure has evolved, with network services now representing a significant portion of the business [10][17] Q&A Session Summary Question: What progress has been made in the brand live streaming business? - The brand live streaming business has seen significant demand, with over 72 million RMB in GMV generated in 2021, and expectations for continued growth in 2022 [22][23] Question: How does the company view the development of the overseas short video industry? - The company sees the overseas short video market as an opportunity for growth, leveraging its experience and technology to compete effectively [25][26] Question: What are the company's expectations for core business segments in 2022? - The company expects a 50% growth in 2022, driven by a stable macroeconomic environment and increased demand for its services [27][28] Question: How is the SaaS commercialization process progressing? - The SaaS platform has gained traction, with around 200 small and medium-sized clients subscribing within a few months of launch [29] Question: Will regulatory changes impact vertical clients' spending? - While some clients may reduce budgets due to regulatory changes, the company is well-positioned to adapt and reallocate resources to other sectors [31] Question: How is the company addressing privacy protection policies? - The company is monitoring the impact of privacy policies but believes that overall client budgets for marketing will remain stable [33]

Financial Performance - Total revenue increased by 97.09% to RMB 1,570.71 million for the six months ended June 30, 2021, compared to RMB 796.97 million in the same period of 2020[8]. - Net profit rose by 82.59% to RMB 104.22 million for the first half of 2021, up from RMB 57.08 million in the first half of 2020[8]. - Gross profit increased by 76.91% to RMB 149.28 million for the six months ended June 30, 2021, compared to RMB 84.38 million in the same period of 2020[8]. - Revenue for the six months ended June 30, 2021, was RMB 1,570,714 thousand, representing a 97.0% increase from RMB 796,965 thousand for the same period in 2020[30]. - Gross profit for the same period was RMB 149,281 thousand, up from RMB 84,381 thousand, resulting in a gross margin of 9.50%[30][44]. - Net profit for the six months ended June 30, 2021, was RMB 104,222 thousand, compared to RMB 57,076 thousand for the same period in 2020[30]. - The company reported revenue of RMB 1,570,714 thousand for the six months ended June 30, 2021, representing a 97.0% increase from RMB 796,965 thousand in the same period of 2020[137]. - The company recorded a profit of RMB 104,222,000 for the period, compared to RMB 57,076,000 in the previous year, marking an increase of 83%[142]. Revenue Sources - Revenue from online marketing solutions accounted for 98.5% of total revenue in the first half of 2021, generating RMB 1,547.01 million, compared to RMB 788.33 million (98.9%) in the same period of 2020[50][51]. - SaaS services generated revenue of RMB 16.07 million, representing 1.0% of total revenue in the first half of 2021, marking the beginning of its commercialization[51]. - Revenue from online marketing solutions services reached RMB 1,466,376,000, up 93.0% from RMB 760,114,000 in the previous year[176]. - The largest advertising client segment in the first half of 2021 was the online services industry, contributing 32.1% of online marketing solutions revenue, up from 7.6% in the same period of 2020[58]. - Revenue from the gaming industry accounted for 21.5% of online marketing solutions revenue in the first half of 2021, compared to 36.5% in the same period of 2020[57]. Client and Market Growth - The total billing amount surged by 122.18% to RMB 3,506 million in the first half of 2021, compared to RMB 1,578 million in the same period of 2020[13]. - The number of advertising clients grew by 17.02% to 550 as of June 30, 2021, from 470 in the same period of 2020[15]. - The company is actively expanding its advertising services for e-commerce clients on Douyin, the largest short video platform in China, to enhance brand live streaming activities[23]. - The company aims to accelerate its business expansion in second and third-tier cities to capture opportunities in brand e-commerce live streaming and marketing technology services[27]. Assets and Financial Position - Non-current assets increased by 25.87% to RMB 63,907 million as of June 30, 2021, compared to RMB 50,774 million in the previous year[8]. - Current assets rose by 17.89% to RMB 2,344,713 million as of June 30, 2021, compared to RMB 1,988,937 million in the previous year[8]. - Cash and cash equivalents reached RMB 561 million as of June 30, 2021, indicating a healthy financial structure[13]. - The current ratio improved to 2.97 from 1.90, reflecting better liquidity management[44]. - The total equity attributable to owners of the parent company increased to RMB 1,616,241,000, up from RMB 1,505,022,000, representing a growth of 7.4%[142]. Research and Development - The company plans to expand its technology R&D team to enhance AI algorithms for short video production, aiming to automate video creation and increase revenue[25]. - Research and development expenses were RMB 3,531 thousand, slightly down from RMB 4,370 thousand in the previous year, indicating a focus on efficiency[30]. - The company aims to enhance big data analysis and AI technology applications, accelerating the commercialization of its short video marketing SaaS services[24]. Strategic Initiatives - The company focuses on short video marketing solutions and has developed proprietary cloud service platforms to enhance marketing efficiency[12]. - The company aims to optimize its business structure and upgrade its technology capabilities to adapt to evolving market demands[13]. - The company is committed to diversifying its media partnerships and enhancing collaboration with leading short video platforms to provide more efficient technical and creative services[23]. - The company has established partnerships with over 380 video creators or organizations through its video content trading platform, facilitating rapid expansion across various fields[21]. Shareholder Information - The company has not reported any changes in director information since the last annual report[107]. - The major shareholders include Mr. Wang, Mr. Xu, and Mr. Qin, each holding approximately 30.28% of the company's shares[108]. - The company has a significant concentration of ownership, with the top shareholders holding over 30% of the total shares[116][118]. - The presence of multiple entities under common control suggests potential strategic alignment among major shareholders[116][118]. Other Financial Information - The company incurred research and development expenses of RMB 3,531 thousand, slightly down from RMB 4,370 thousand in the previous year[137]. - The company reported a net cash outflow from operating activities of RMB 647,929,000, compared to a net inflow of RMB 71,576,000 in the same period last year[146]. - The company’s total liabilities increased to RMB 3,920,000, up from RMB 3,250,000, reflecting a rise of 20.6%[140]. - The company’s financial costs rose to RMB 4,997,000 from RMB 3,163,000, an increase of 58%[146].

NETJOY HOLDINGS LIMITED 云想科技控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號: 2131 2020 年 報 目錄 公司資料2 財務摘要4 主席報告書5 管理層討論與分析6 董事及高級管理層 23 董事會報告 32 企業管治報告 65 獨立核數師報告 84 綜合損益及其他全面收益表 89 綜合財務狀況表 90 綜合權益變動表 91 綜合現金流量表 92 財務報表附註 94 釋義 149 云想科技控股有限公司 2020 年報 公司資料 | --- | --- | |-------------------------------------------|-------------------------------------------| | | | | 董事會 | 聯席公司秘書 | | 執行董事 | 彭婷女士 | | 徐佳慶先生 （主席） 王晨先生 （行政總裁） | 梁瑞冰女士 | | 非執行董事 | 法律顧問 有關香港法律 | | 覃渺渺先生 | 紀曉東律師行（有限法律責任合夥） | | 戴立群先生 | 與 | | 張建國先生 | 北京市天元律師事務所香港分所聯營 | | ...