Joy Spreader Group Inc. Announces 2021 Interim Results

BEIJING,Aug. 31,2021 -- Joy Spreader Group Inc. (HKG: 6988,"Group"),a leading marketing technology company listed in Hong Kong,announced its interim results for the first six months ended June 30,2021 on August 30,2021,whereby the firm achieved revenue of HK$624 million (approx. US$79.8 million) during the first half of 2021,an increase of 62.37 per cent from the same period of the previous year.

Financial highlights for the 6 months ended June 30,2021:

Gross profit (excluding foreign exchange gains or losses) for the period grew 105.15 per cent YoY to HK$214 million (approx. US$27.4 million),while net profit for the period increased 102.26 per cent YoY to HK$137 million (approx. US$17.5 million)

Gross merchandise value (GMV) of e-commerce products reached HK$647 million (approx. US$82.8 million) during the reporting period,a YoY increase of 264.08 per cent.

The Group's sales of interactive entertainment products also gained 123.38 per cent to HK$1.769 billion (approx. US$226.4 million). The Group's interactive entertainment and other digital product marketing businesses maintained strong momentum with revenue rising 41.61 per cent to HK$495 million (approx. US$63.4 million).

Thanks to the booming e-commerce sector driven by the short-form video sharing app Douyin,the Group's e-commerce products marketing business experienced explosive,sustained growth with revenue soaring 285.24 per cent to HK$129 million (approx. US$16.5 million).

For more information about Joy Spreader's 2021 interim results,please visit Joy Spreader Group Inc.