Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 5,083.99 million, representing a 36.49% increase compared to HKD 3,724.81 million in 2022[3]. - The gross profit for the same period was HKD 459.57 million, up 5.17% from HKD 436.96 million in 2022[3]. - The net loss attributable to shareholders increased to HKD 784.17 million, a 131.01% rise from HKD 339.45 million in the previous year[3]. - The overseas e-commerce sales revenue increased by 36.49% from HKD 3,724.81 million in 2022 to HKD 5,083.99 million in 2023, driven by deep analysis of the Southeast Asian market and algorithm marketing capabilities[49]. - The company incurred a loss of HKD 793.24 million in 2023 due to investments in traffic promotion and physical subsidies in overseas markets[50]. - The company reported a net loss of HKD 793,243,000 for 2023, significantly higher than the net loss of HKD 339,120,000 in 2022[98]. - The company achieved a gross profit of HKD 459.57 million in 2023, a 5.18% increase from HKD 436.96 million in 2022, with a gross margin of 9.04%, down 2.69 percentage points from 11.73% in 2022[64]. - The gross profit from overseas e-commerce sales increased by 50.37% to HKD 282.32 million, with a gross margin of 6.15%, up 0.1 percentage points from 6.05% in 2022[64]. - Domestic business revenue decreased by 20.01% year-on-year to HKD 496.10 million due to tightened regulations on game licenses and paid literature[48]. E-commerce Operations - The overseas e-commerce sales business generated revenue of HKD 4,587.90 million, marking a 47.78% increase from HKD 3,104.61 million in 2022[4]. - The number of items sold in the overseas e-commerce segment rose by 35.21% to 3,776,891 from 2,793,265 in 2022[4]. - The overseas e-commerce platform operates on a "traffic + supply chain = GMV" model, leveraging established supply chains and inventory for international sales[24]. - The company collaborates with domestic brand suppliers to sell quality domestic products overseas, adopting a heavy asset business model for trade sales[25]. - The company is leveraging established algorithm marketing models to expand into overseas markets, particularly through its self-built e-commerce platform MARTOP[26]. - The company plans to shift its strategic focus from traditional trade in 3C electronic products to a light asset business model, reducing reliance on heavy asset trading and improving operational cash flow[28]. - The company plans to adopt a light-asset business model for its e-commerce product sales, aiming to improve operational cash flow through targeted traffic marketing services on overseas short video platforms[127]. - The company has suspended its overseas e-commerce sales operations as part of a strategic review of its e-commerce business[196]. Research and Development - Research and development expenses increased by 32.67% to HKD 70.01 million from HKD 52.77 million in the previous year[4]. - The company has developed 192 data models and utilized 2,855 data labels, reflecting its strong technical capabilities and valuable assets[20]. - The company plans to enhance R&D investment in AIGC and Web3.0 applications to improve content production efficiency and reduce costs[57]. - The company invested HKD 70.01 million in R&D in 2023, focusing on data analysis and algorithm modeling, with the number of established data models increasing by 1.05% to 192[53]. Strategic Initiatives - The company is focusing on digital asset services and has launched the "Kongjian" platform for digital asset services, which will expand into virtual and metaverse applications[9]. - The establishment of a mixed-ownership reform company with Poly Culture Group aims to integrate cultural and technological innovations in the entertainment sector[7]. - The company aims to leverage its partnership with state-owned enterprises to expand into areas like Web 3.0 and blockchain, enhancing its business scope and client base[45]. - The company is focusing on AIGC (Artificial Intelligence Generated Content) applications, exploring innovations such as virtual digital humans and AI-generated scripts[15]. - The company plans to launch its own short drama platform, leveraging its extensive IP resources and experience in short video production to provide high-quality content[18]. - The company is actively exploring AIGC applications in various fields, including virtual digital humans and AI video script generation, to enhance its cultural entertainment offerings[30]. Market Trends and Opportunities - The film and entertainment industry is expected to experience rapid growth, supported by a 50 billion RMB cultural industry fund established by the Ministry of Finance and the Publicity Department of the Communist Party of China[12]. - The digital economy in China is projected to exceed 60 trillion RMB by 2025, supported by government policies and market growth[36]. - The overseas e-commerce market, particularly through short video platforms, is in its early stages, presenting substantial growth potential[37]. - The Southeast Asian market presents significant growth opportunities due to its young population and high GDP growth rate, making it favorable for Chinese products[42]. - The company is positioned to benefit from the booming short video market, which is becoming a primary channel for marketing and sales[33]. Financial Management and Cash Flow - Cash used in operating activities improved to HKD 237.76 million in 2023 from HKD 526.29 million in 2022, reflecting better cash management despite increased inventory procurement[81]. - The company's inventory balance increased from HKD 40.25 million in 2022 to HKD 108.68 million in 2023, driven by the expansion of overseas e-commerce sales[71]. - Cash and cash equivalents decreased from HKD 572.93 million in 2022 to HKD 367.92 million in 2023, mainly due to increased funds used for inventory procurement in the expanding overseas e-commerce business[76]. - The net cash used in operating activities for the year ended December 31, 2023, was HKD (237,757,000), an improvement from HKD (526,293,000) in 2022, indicating a reduction in cash outflow[109]. - The total cash and cash equivalents at the end of 2023 decreased to HKD 325,973,000 from HKD 533,944,000 at the beginning of the year, indicating a net decrease of HKD (214,780,000)[109]. Corporate Governance and Compliance - The company has adopted the corporate governance code and confirmed compliance with all applicable provisions, except for the separation of the roles of chairman and CEO[190]. - The board emphasizes high standards of corporate governance to protect shareholder interests and enhance corporate value[189]. - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2023, and confirmed compliance with applicable accounting standards and regulations[194]. - The company maintains sufficient public float as per listing rules, ensuring compliance with regulatory requirements[192]. Future Outlook - Future guidance suggests a projected revenue growth of approximately 10% for the next fiscal year[105]. - The company plans to expand its digital marketing services and e-commerce offerings, aiming to capture a larger market share in the growing online retail sector[111].

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，概不就因本公告全部或任何部分內容而產生或因依 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） 有關截至2022年12月31日止年度之年報及 截至2023年6月30日止六個月之中期報告之 補充公告 茲提述樂享集團有限公司（「本公司」）於2023年4月27日刊發之截至2022年12月31 日止年度之年報（「2022年年報」）及本公司截至2023年6月30日止六個月之中期報 告（「2023年中期報告」）。除另有界定者外，本公告所用詞彙與2022年年報及2023 年中期報告所界定者具有相同涵義。 本公告旨在為2022年年報及2023年中期報告提供有關本公司於2021年6月21日採 納之股份獎勵計劃（「股份獎勵計劃」）的補充資料。 根據股份獎勵計劃，倘董事會根據股份獎勵計劃授出股份導致股份面值超過本公 司不時已發行股本的百分之十，董事會將不會進一步授出獎勵股份作獎勵。根 ...

Trade and Market Growth - In 2022, trade between China and ASEAN reached 6.52 trillion RMB, a year-on-year increase of 15%, with exports amounting to 3.79 trillion RMB, growing by 21.7%[1]. - The company has strategically positioned itself in the ASEAN market since 2021, benefiting from the region's trade growth, which has averaged 99% annually over the past decade[86]. - Southeast Asia's e-commerce retail market reached $154.8 billion in 2022, growing by 20.7% year-on-year, and is expected to reach $188.6 billion in 2023[123]. - The company has strategically positioned itself in the Southeast Asian e-commerce market, leveraging the growth potential of trade partnerships with China[63]. - The company is focusing on the integration of digital algorithm technology with the cultural and entertainment industry, aiming to capitalize on emerging opportunities in the sector[69]. Financial Performance - The company’s revenue for the six months ended June 30, 2023, was HKD 2,148.18 million, representing a 57.18% increase compared to HKD 1,366.71 million for the same period in 2022[58]. - Gross profit for the same period was HKD 211.79 million, up 12.38% from HKD 188.46 million year-on-year[58]. - The company reported a loss attributable to owners of HKD 194.83 million, compared to a profit of HKD 75.48 million in the previous year, indicating a significant decline[58]. - The net loss margin was (9.07)%, a decrease of 14.59 percentage points from a profit margin of 5.52% in the prior year[58]. - The company reported a credit loss provision of HKD 12,744,000 for the six months ended June 30, 2023, compared to HKD 8,396,000 for the same period in 2022, indicating an increase of approximately 51.5%[150]. E-commerce and Sales - In the first half of 2023, the company recorded overseas e-commerce sales of HKD 1,944.14 million, a 90.36% increase from HKD 1,021.27 million in the same period last year[26]. - The sales volume for overseas e-commerce reached 1,432,074 units, representing a 76.06% increase compared to 813,415 units in the previous year[45]. - The company achieved a sales volume of 1,432,074 units and sales revenue of HKD 1,944.14 million in the first half of 2023, representing a year-on-year growth of 90.36%[131]. - The company has established a complete online and offline sales system through the MARTOP e-commerce platform, enhancing its supply chain capabilities[51]. - The company has initiated sales of non-mobile electronic consumer products, such as tablets, on the MARTOP platform, successfully breaking sales records and capturing more market share[15]. Technological Development - The group has developed 192 data models tailored for different products and media, with 2,855 data labels applied in algorithm models, showcasing its technological capabilities[22]. - The group is leveraging AI technology and has developed a digital holographic display system, integrating AIGC with holographic display technology for various market applications[18]. - The company is actively exploring innovations in the AIGC field, successfully developing a digital holographic display system that integrates AIGC with holographic display technology[31]. - The AIGC (AI-Generated Content) project is accelerating development, covering areas such as digital human interaction, voice services, and design services, aiming to enhance content production efficiency and reduce costs significantly[99][100]. - The digital holographic display system is positioned as a breakthrough technology for creating virtual worlds, integrating digital twin and AI technologies[109]. Market Strategies and Collaborations - The company has implemented a market subsidy program since the second half of last year to boost sales volume in the ASEAN market[30]. - The company has established a strategic partnership with Poly Culture Group, participating in its mixed-ownership reform, enhancing business collaboration[126]. - The company is actively collaborating with state-owned enterprises to expand its presence in the film and entertainment industry[48]. - The company is leveraging AI technology to create new content production methods, enhancing competitiveness in the cultural digitalization industry[128]. - The company is focusing on IP incubation and digital asset services through its Web3.0 initiatives, enhancing its entertainment technology business[119]. Challenges and Financial Adjustments - The company reported a net impairment loss of HKD 28.64 million for trade receivables and other receivables in the first half of 2023, compared to HKD 3.95 million in the same period of 2022[140]. - The company has recognized right-of-use assets and lease liabilities of HKD 11.53 million for new lease agreements in the first half of 2023[144]. - The company has returned a deposit of HKD 200 million for not conducting business in certain countries as of June 30, 2023[148]. - The company’s total liabilities decreased to HKD 199,181,000 as of June 30, 2023, from HKD 294,332,000 as of December 31, 2022, indicating a reduction of approximately 32.3%[156]. - Other income decreased by 69.63% from approximately HKD 20.25 million for the six months ended June 30, 2022, to approximately HKD 6.15 million for the same period in 2023, mainly attributed to investment income from film and television projects recorded in the prior year[189].

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之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之有限公司） （股份代號：6988) 截至2023年6月30日止六個月之 中期業績公告 樂享集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈，本公司及 其附屬公司（「樂享集團」或「本集團」）截至2023年6月30日止六個月（「報告期」） 之未經審核簡明綜合中期業績，連同截至2022年6月30日止六個月之比較數據如 下： 財務業績摘要 截至6月30日止六個月 同比變動 2023年 2022年 增加╱（減少） （未經審核） （未經審核） （百萬港元，百分比除外） 收益 2,148.18 1,366.71 57.18% ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 3,724.81 million, representing a 166.84% increase compared to HKD 1,395.89 million in 2021[81]. - The gross profit for the same period was HKD 436.96 million, a slight decrease of 3.30% from HKD 451.85 million in 2021[81]. - The net loss attributable to shareholders was HKD (339.45) million, compared to a profit of HKD 244.64 million in 2021, indicating a significant shift in performance[81]. - The net profit margin was reported at (9.11)%, down from 17.53% in the previous year, reflecting a decline of 26.64 percentage points[81]. - Basic and diluted loss per share was HKD (15.03), compared to earnings of HKD 11.30 in 2021, marking a substantial change in earnings per share[81]. - The company's domestic business revenue decreased by 50.31% year-on-year to 620.20 million HKD due to the impact of domestic pandemic and regulatory issues, but it remained profitable[168]. - The company incurred a loss of 339.12 million HKD in 2022 due to a physical subsidy of 322.96 million HKD for expanding overseas e-commerce sales, compared to a profit of 244.64 million HKD in 2021[167]. Research and Development - R&D expenses decreased by 26.49% from HKD 71.79 million in 2021 to HKD 52.77 million in 2022, primarily due to increased investment in independent site development and digital supply chain for overseas e-commerce in the first half of 2022[2]. - The company is increasing its investment in research and development to enhance algorithm technology and maintain a competitive edge in the digital economy[78]. - The group plans to continue investing in R&D to support the rapid development of its overseas e-commerce sales business, particularly in data analysis and algorithm modeling[176]. - The group aims to increase investment in AIGC (Artificial Intelligence Generated Content) to improve content production efficiency and reduce costs significantly[195]. - The company has developed 190 data models and utilized 2,823 data labels in its algorithm marketing business, reflecting its strong technical capabilities[153]. - The company is accelerating the R&D of its AIGC project, which aims to enhance content production efficiency and reduce costs in various fields[151]. E-commerce and Market Expansion - The company is focused on expanding its overseas e-commerce business and enhancing its digital capabilities[2]. - The overseas e-commerce product sales business generated sales of HKD 3,104.61 million, a significant increase of 1,999.55% compared to HKD 147.87 million in 2021[83]. - The sales volume reached 2,793,265 units, representing a growth of 2,000.74% from 132,966 units in the previous year[83]. - The group recorded overseas e-commerce sales revenue of HKD 3,104.61 million, with a sales volume of 2,793,265 items, indicating significant growth in this segment, particularly in Southeast Asia[169]. - The company aims to create a globally competitive e-commerce platform for electronic consumer goods, targeting both domestic and overseas markets[121]. - The group aims to become the largest e-commerce platform in the Southeast Asian consumer electronics vertical within the next five years, focusing on expanding sales networks and enhancing supply chain systems[196]. Corporate Governance - The group plans to continue enhancing its corporate governance to protect shareholder interests and improve transparency[33]. - The board will continue to review and monitor the company's corporate governance practices to ensure compliance with governance codes and maintain high standards of corporate governance[55]. - The board has adopted a diversity policy to achieve a diverse board composition[34]. - The board is responsible for overseeing all major matters of the company and delegates daily operational and management powers to the management team[56]. Legal and Risk Management - The group had no significant legal, arbitration, or administrative litigation that could adversely affect its business or financial condition as of December 31, 2021, and December 31, 2022[12]. - There is currently no foreign exchange hedging policy in place, but management monitors foreign exchange risks[15]. Marketing and User Engagement - The entertainment content on mobile internet platforms attracts significant user traffic, indicating potential for business growth in areas such as content commercialization and interactive gaming[58]. - The company's algorithm marketing business primarily generates revenue through e-commerce sales on well-known short video platforms, both domestically and internationally[136]. - The company is leveraging its unique IP and content to cultivate proprietary traffic, aiming to reduce external traffic acquisition costs[125]. - The group aims to leverage its data collection and analysis capabilities to enhance marketing effectiveness and efficiency in new media commercial activities[179]. Financial Position - Non-current assets increased to HKD 423.09 million from HKD 155.62 million in 2021, reflecting a growth of 171.5%[85]. - Current assets rose to HKD 2,375.23 million, compared to HKD 2,304.65 million in 2021, indicating a growth of 3.07%[85]. - The group's cost of revenue increased by 248.27% from HKD 944.04 million in 2021 to HKD 3,287.84 million in 2022, mainly due to the rapid growth of overseas e-commerce sales[198]. - The gross margin decreased from 32.37% in 2021 to 11.73% in 2022, primarily due to the lower gross margin contribution from the overseas e-commerce sales business[200].

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 ...