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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Joy Spreader Group Inc. 樂 享 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6988） 截至2022年12月31日止年度之年度業績公告 董事會欣然公佈本集團截至2022年12月31日止年度之經審計綜合業績，連同截至 2021年12月31日止年度之比較數字。本集團業績已經審核委員會審閱。 本集團截至2022年12月31日止年度之經審核綜合年度業績連同2021年同期之比較 數據如下： 財務業績摘要 同比變動 截至12月31日止年度 增加╱ 2022年 2021年 （減少） （百萬港元，百分比除外） 收益 3,724.81 1,395.89 166.84% ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 1,366.71 million, representing an increase of 118.91% compared to HKD 624.33 million in the same period of 2021[8]. - Gross profit decreased to HKD 188.46 million, down 11.96% from HKD 214.07 million year-on-year[8]. - Profit attributable to owners of the company was HKD 75.48 million, a decrease of 29.73% from HKD 107.42 million in the previous year[8]. - The net profit margin fell to 5.52%, down from 17.21% in the same period last year, reflecting a decrease of 11.69 percentage points[8]. - The revenue from interactive entertainment and digital product marketing decreased by 53.77% to HKD 228.88 million compared to the same period last year, with game product revenue dropping by 82.31% to HKD 67.63 million due to regulatory restrictions in China[46]. - The company's total comprehensive income for the period was a loss of HKD 31,872,000, compared to a gain of HKD 132,583,000 in the previous year[195]. Research and Development - Research and development expenses increased by 54.78% to HKD 46.28 million, compared to HKD 29.90 million in the previous year[10]. - In the first half of 2022, the company invested a total of HKD 46.28 million in R&D, focusing on independent platform development, overseas short video content, user profiling, and digitalization of the overseas supply chain[35]. - R&D expenses grew by 54.78% to approximately HKD 46.28 million, reflecting increased investment in data analysis and algorithm modeling for overseas e-commerce sales[74]. E-commerce Business - Sales from overseas e-commerce business reached HKD 1,021.27 million, with a sales volume of 813,415 units, marking a new segment for the company[10]. - The overseas e-commerce business generated sales revenue of HKD 1,021.27 million in the first half of 2022, with a total of 813,415 orders[29]. - The company plans to expand its overseas e-commerce business based on interest traffic from short video platforms, with a focus on Southeast Asia and future expansion into Europe, the Middle East, and South America[53]. - Overseas e-commerce product sales revenue accounted for 74.72% of total revenue, amounting to approximately HKD 1,021.27 million, while domestic e-commerce product marketing revenue was approximately HKD 115.65 million, representing 8.46%[62]. Market Strategy - The company focuses on algorithm-driven marketing, overseas e-commerce, and cultural business to enhance new media commercialization[24]. - The company aims to shorten the consumer demand trigger to product delivery cycle through efficient targeting of consumers[22]. - The company is confident in the development of interest recommendation algorithms for e-commerce overseas and aims to establish a globally competitive DTC e-commerce platform for consumer electronics[30]. - The company leverages interest recommendation algorithms and digital supply chains for its overseas e-commerce strategy[29]. Financial Position - Cash and cash equivalents increased to HKD 985.49 million as of June 30, 2022, from HKD 619.04 million on December 31, 2021, mainly due to funds raised from a share placement in June 2022[84]. - The company's capital-to-debt ratio improved to 3.56% as of June 30, 2022, down from 5.77% on December 31, 2021, indicating a stronger equity position relative to total assets[103]. - The company had no bank borrowings as of June 30, 2022, indicating a debt-free status[100]. - The company's net asset value reached HKD 2,881,965 million, up from HKD 2,318,229 million, reflecting a growth of 24.2%[200]. Shareholder Information - As of June 30, 2022, Mr. Zhu holds a controlling interest in the company with 833,409,400 shares, representing 35.14% of the total shares[138]. - ZZN Ltd. owns 747,298,300 shares, accounting for 31.51% of the total shares, and is fully owned by Mr. Zhu[139]. - The company raised approximately HKD 1,498.83 million from its IPO after deducting underwriting fees and related expenses[151]. - The company did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[187]. Corporate Governance - The company complies with legal requirements for employee benefits, including five statutory social insurances and housing provident fund[108]. - The board believes that the current structure, with the same individual serving as both chairman and CEO, is beneficial for the group's business outlook and operational efficiency[134]. - The board will continue to review the effectiveness of the corporate governance structure to assess the necessity of separating the roles of chairman and CEO[135].

Financial Performance - The company's revenue for the year ended December 31, 2021, was HKD 1,395.89 million, representing a 51.08% increase compared to HKD 923.92 million in 2020[18]. - Gross profit for the same period was HKD 451.85 million, up 49.84% from HKD 301.56 million in 2020[18]. - Net profit attributable to shareholders was HKD 244.64 million, a significant increase of 76.41% from HKD 138.68 million in the previous year[18]. - The net profit margin improved to 17.53%, up from 15.01% in 2020, reflecting a 2.52 percentage point increase[18]. - Basic earnings per share rose to HKD 11.30, a 45.24% increase from HKD 7.78 in 2020[18]. - The group's transaction volume reached HKD 1,189.16 million, a 100.32% increase compared to HKD 593.64 million in 2020[21]. - Domestic e-commerce product marketing generated HKD 1,041.29 million, up 75.41% from HKD 593.64 million in the previous year[21]. - The company's e-commerce related business achieved a GMV of HKD 1,189.16 million in 2021, a 100.32% increase from HKD 593.64 million in 2020, with domestic e-commerce marketing revenue reaching HKD 288.35 million, 2.43 times that of 2020[76]. - The average revenue per marketing billing action increased by 32.92% from HKD 1.61 in 2020 to HKD 2.14 in 2021, indicating improved marketing efficiency[73]. - The gross profit for 2021 reached HKD 451.85 million, a 49.84% increase from HKD 301.56 million in 2020[91]. Business Expansion and Strategy - The company successfully launched its overseas short video e-commerce business in Q4 2021, achieving scalable revenue and rapid growth[12]. - Domestic short video e-commerce marketing continued to grow rapidly, achieving breakthroughs in product categories and transaction amounts[12]. - A comprehensive strategic partnership was established with Poly Culture Group's subsidiary, Poly Film Investment Co., Ltd., to enhance collaboration in film and digital economy sectors[12]. - The overseas e-commerce product sales business commenced testing in Q4 2021, expanding into multiple Southeast Asian countries[29]. - The company plans to continue enhancing its business capabilities and service levels while implementing new business initiatives to maintain its leading position in new media marketing[29]. - The company aims to expand its overseas e-commerce business leveraging its experience in domestic new media marketing[80]. - The company plans to continue embracing industry regulations and business environment changes while enhancing service capabilities and implementing new business initiatives[15]. Research and Development - Research and development expenses increased by 162.29% to HKD 71.79 million from HKD 27.37 million in 2020[21]. - The number of data models developed rose to 178, representing a 20.27% increase from 148 in 2020[21]. - In 2021, the company invested a total of HKD 71.79 million in research and development, primarily focused on data analysis, algorithm modeling, and overseas short video e-commerce business[52]. - The company emphasizes the importance of R&D investment when entering new business markets to ensure effective marketing outcomes[52]. - The company possesses a competitive advantage in data and model algorithms, having started R&D in 2013, which has created significant barriers to entry in the industry[61]. Market Position and Growth - The mobile new media performance marketing service market in China grew from RMB 10.7 billion in 2017 to RMB 61.9 billion in 2021, with a CAGR of 55.3%, and is projected to reach RMB 204 billion by 2025[67]. - The company holds approximately 1.9% market share in the mobile new media performance marketing service market as of 2021, making it the largest player in this sector[72]. - The company anticipates significant growth in the new media marketing sector, driven by the rapid development of short video e-commerce in China and overseas[54]. - The new media platforms have accumulated a vast user base, providing substantial opportunities for marketing and e-commerce[54]. Corporate Governance - The company has adopted corporate governance principles to enhance shareholder value and ensure transparency and accountability[170]. - The board believes it has complied with all applicable corporate governance code provisions as of December 31, 2021, despite not separating the roles of Chairman and CEO[171]. - The board will continue to review the effectiveness of the corporate governance structure to assess the necessity of separating the roles of Chairman and CEO[172]. - The board is responsible for overseeing all significant matters and guiding management in executing the strategies set forth[173]. - The company has adopted a board diversity policy to achieve diversity goals and methods[173]. - The total remuneration payable to directors for the year ended December 31, 2021, was approximately HKD 5.20 million[178]. - The board of directors consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced composition[177]. - The company received written confirmations of independence from all independent non-executive directors, affirming their independent status[182]. Financial Position and Cash Flow - Cash and cash equivalents decreased to HKD 619.04 million as of December 31, 2021, down from HKD 1,210.45 million at the end of 2020, primarily due to business expansion and investments in platform traffic procurement[108]. - Net cash used in operating activities for 2021 was HKD 342.25 million, an improvement from HKD 411.08 million in 2020, reflecting increased net profit and improved receivables collection[113]. - Capital expenditures for 2021 totaled HKD 44.98 million, up from HKD 28.18 million in 2020, with significant investments in fixed assets and joint ventures[118]. - The company had no bank borrowings as of December 31, 2021, maintaining a debt-free status[121]. - The company's debt-to-capital ratio increased to 5.77% as of December 31, 2021, compared to 5.34% on December 31, 2020[126]. - The current ratio decreased from 20.63 times on December 31, 2020, to 16.66 times on December 31, 2021[127]. Employee and Management - As of December 31, 2021, the company had 78 full-time employees, with over 70.52% engaged in R&D, technology, and operations[130]. - The company appointed two joint company secretaries, with one resigning effective January 17, 2022, and a new appointment made on the same date[184]. - The company’s senior management compensation details are provided in the financial statements, with one senior management member earning between HKD 1.5 million and HKD 2 million[181]. - The company has adopted a share incentive plan to motivate directors, employees, consultants, and advisors, effective from June 21, 2021[134]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[149]. - New product launches are expected to contribute an additional $50 million in revenue next year[149]. - The company has set a performance guidance of 10-15% revenue growth for the next fiscal year[149]. - User retention rates improved to 85%, up from 80% last year, indicating stronger customer loyalty[149]. - The management team emphasized the importance of compliance and regulatory oversight in their future operations[149].

JOY SPREADER GROUP INC. 樂享集團有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 6988 SUBARULE 2021 中期報告 目錄 公司資料 2 財務摘要 4 公司簡介 6 管理層討論與分析 13 企業管治及其他資料 27 簡明綜合財務報表審閱報告 37 簡明綜合損益及其他全面收益表 38 簡明綜合財務狀況表 39 簡明綜合權益變動表 41 簡明綜合現金流量表 42 簡明綜合財務報表附註 43 釋義 57 1 樂享集團有限公司 公司資料 | --- | --- | |------------------------------|--------------------------------------------------| | | | | 董事會 | 註冊辦事處 | | 執行董事 | Office of Sertus Incorporations (Cayman) Limited | | 朱子南先生 | Sertus Chambers | | （董事會主席，行政總裁） | Governors Square, Suite #5-204 | | 張之的先生 | 23 Li ...

JOY SPREADER INTERACTIVE TECHNOLOGY. LTD 乐 享 互 动 有 限 公 司 年 報 (於開曼群島註冊成立之有限公司) 股份代號：6988 目錄 2 公司資料 4 主席報告書 6 財務概要 9 公司簡介 12 管理層討論及分析 24 董事及高級管理人員 31 企業管治報告 48 董事會報告 70 環境、社會及管治報告 84 獨立核數師報告 89 92 90 綜合損益及其他全面收益表 綜合財務狀況表 綜合權益變動表 94 綜合現金流量表 綜合財務報表附註 96 166 釋義 公司資料 董事會 執行董事 朱子南先生（董事會主席） 張之的先生 成林先生 秦佳鑫女士 盛世偉先生 非執行董事 胡慶平先生 胡家瑋先生 獨立非執行董事 徐翀先生 唐偉先生 房宏偉先生 葉仁明先生 審核委員會 唐偉先生（主席） 徐翀先生 葉仁明先生 薪酬委員會 徐翀先生（主席） 成林先生 房宏偉先生 提名委員會 朱子南先生（主席） 徐翀先生 房宏偉先生 註冊辦事處 Office of Sertus Incorporations (Cayman) Limited Sertus Chambers Governo ...

Revenue Growth - Online product marketing service revenue reached RMB 316.6 million, an increase of 60.8% compared to RMB 197.0 million in the same period last year[15] - Physical product marketing service revenue was RMB 30.4 million, up 147.8% from RMB 12.3 million year-on-year, primarily driven by 3C digital accessories[16] - Total revenue for the period was RMB 348.2 million, reflecting a growth of 66.2% from RMB 209.5 million in the previous year[8] - The company's revenue increased by 66.2% from approximately RMB 209.5 million in the six months ended June 30, 2019, to approximately RMB 348.2 million in the reporting period[25] - Online product revenue accounted for 91.0% of total revenue, with a significant increase in application revenue, which rose to RMB 234.9 million, representing 67.5% of total revenue[26] Profitability - Gross profit increased to RMB 94.5 million, representing an 87.3% rise from RMB 50.5 million year-on-year[8] - Profit before tax surged by 122.0% to RMB 64.6 million, compared to RMB 29.1 million in the same period last year[8] - Net profit for the period was RMB 61.4 million, a 123.3% increase from RMB 27.5 million year-on-year[8] - The net profit margin improved to 17.6%, up from 13.1% in the previous year, indicating a 34.4% increase[8] - Basic and diluted earnings per share rose to 3.8 cents, an increase of 111.1% from 1.8 cents in the same period last year[8] Expenses and Costs - The sales cost increased by 59.5% to approximately RMB 253.7 million, primarily due to traffic acquisition costs[28] - Administrative expenses increased by 32.4% to approximately RMB 9.0 million, driven by higher depreciation and amortization costs[39] - R&D expenses rose by 11.8% to approximately RMB 3.3 million, attributed to increased testing and agency fees[44] - Distribution and selling expenses decreased by 0.7% to approximately RMB 1.332 million, accounting for 0.4% of total revenue, down from 0.6% in the previous year[36] Cash Flow and Financial Position - Cash and cash equivalents decreased to RMB 92.5 million as of June 30, 2020, from RMB 131.5 million at the end of 2019, reflecting increased trade receivables and prepayments[55] - Net cash used in operating activities was RMB 62.1 million for the six months ended June 30, 2020, compared to RMB 78.6 million for the same period in 2019, mainly due to increases in trade and other receivables[62] - Net cash generated from investing activities increased to RMB 27.9 million for the six months ended June 30, 2020, from RMB 17.6 million in the same period of 2019, primarily due to the recovery of loans[64] - Trade receivables increased by 171.4% to RMB 188.1 million as of June 30, 2020, compared to RMB 69.3 million at the end of 2019, primarily due to slower collection during COVID-19[49] Corporate Strategy and Future Plans - The company aims to expand its marketing services to overseas short video platforms, targeting both domestic and international clients[12] - The company plans to enhance its self-media marketing service system and expand into high-value businesses such as short videos and e-commerce in the second half of 2020[86] - The group aims to build a global self-media marketing service system to cater to domestic and international clients seeking to market products on overseas short video platforms[87] Governance and Compliance - The company has adopted a corporate governance code to enhance transparency and accountability[98] - The company’s board will continue to review the effectiveness of its corporate governance structure[99] - The company has complied with the foreign investment law and relevant qualification requirements since the listing date[96] Shareholder Information - Major shareholders include Mr. Zhu with a 39.468% stake and ZZN Ltd. with a 34.359% stake[110] - The company issued 543,700,000 shares at a price of HKD 2.88 per share, raising approximately HKD 1,460.7 million net proceeds from the IPO[121] - The expected timeline for utilizing the unspent net proceeds is within the next five years[123]