Net profit up 76.41% to HK$245 million

BEIJING, March 22, 2022 /PRNewswire/ — Joy Spreader Group Inc. (“Joy Spreader” or the “Company”, Stock Code: 06988.HK), a leader in performance-based marketing for new media, announced on the evening of April 20 March, 20th. The results show that Joy Spreader had an operating revenue of in 2021 HK$1.396 billion, a year-over-year increase of 51.08%. The profit for the year was HK$245 milliona year-over-year increase of 76.41%.

The financial report reveals that e-commerce related businesses have become a key revenue growth driver for the company. In 2021, the gross merchandise value (GMV) of such companies reached HK$1.189 billion, an increase of 100.32% year-on-year. Including the marketing service via short form videos (SFVs) on e-commerce platforms in China reported sales of HK$288 million, 2.43 times that in 2020; while the new marketing service, targeting SFV’s overseas e-commerce platforms, has made a significant breakthrough since its launch in Q4 2021, generating sales of HK$148 million.

At the same time, Joy Spreader is actively building a presence in the marketing business of creating and distributing film, television, cultural and entertainment content. in the Sep 2021the company signed a comprehensive strategic cooperation agreement with Poly Film, an entertainment and culture company under the aegis of the Chinese central government, to co-produce the winter sports special In the name of ice and snowwhich was transmitted simultaneously February 5, 2022, on seven major TV channels and three leading online video sites. The creation and airing of the special marks a milestone in the implementation of the collaboration between the two companies to facilitate the digital transformation of the film, culture and entertainment content industries.

The company indicated that it will continue to improve its own content traffic, leveraging multi-channel networks (MCNs) and film, television, culture and entertainment content resources to enter the new media brand marketing sector when the time comes.

Joy Spreader’s business plan once again underscores the company’s strategic foresight, which strongly supports its long-term, quality-oriented growth.

More information about Joy Spreader Group Inc. can be found here.

SOURCE Joy Spreader Group Inc.

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