Joy Spreader Announces Unaudited Results for the First Three Quarters of 2021, with Revenue up 61.1% YoY to HK$945 million

BEIJING,Nov. 29,2021 --On November 29,Hong Kong-listed Joy Spreader Group Inc. ("Joy Spreader" or the "Company",Stock Code: 06988.HK) announced its results for the first three quarters of 2021. From January to September,Joy Spreader achieved revenue of HK$945 million (approx. US$121 million),up 61.1% YoY. Gross profit reached HK$331 million,up 94.5% YoY,while gross margin improved to 35.1%,up from 29.1% in the same period of 2020.

The operating results show that Joy Spreader's short video e-commerce marketing business continued growing at a rapid rate. From January to September of this year,the business posted gross merchandise value (GMV) of HK$897 million,3.5 times that of the same period of last year; while revenue hiked to HK$194 million,a 4-fold improvement. Interactive entertainment and other digital product marketing businesses grew steadily,with turnover for the reporting period reaching HK$2.712 billion,up 108.3% YoY,while revenue climbed to HK$750 million,up 39.9% YoY.

Since listing in Hong Kong in September 2020,Joy Spreader's performance has maintained substantial growth for five consecutive quarters,with continuous improvement in revenue and profitability,both indicators demonstrating strong stability and sustainability.

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