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 in new media, announced its 2021 annual results on the evening from March 20th. The results show that in 2021, Joy Spreader made an operating income of HK$1.396 billion, an increase of 51.08% year-on-year. Net profit for the year amounted to HK$245 millionan increase of 76.41% year-on-year.
The financial report shows that e-commerce related activities have become an important driver of revenue growth for the Company. In 2021, the gross merchandise value (GMV) of these companies reached HK$1.189 billion, an increase of 100.32% year-on-year. Among them, the marketing service via short videos (SFV) on e-commerce platforms in China reported turnover of HK$288 million, 2.43 times more than in 2020; while the new marketing service targeting overseas SFV e-commerce platforms, since its launch in the fourth quarter of 2021, made a significant breakthrough, achieving sales of HK$148 million.
At the same time, Joy Spreader is actively asserting itself in the field of marketing, creation and distribution of film, television, cultural and entertainment content. In September 2021the Company signed a comprehensive strategic cooperation agreement with Poly Film, an entertainment and culture company under the Chinese central government, to co-produce the winter sports special In the name of ice and snowbroadcast simultaneously on February 5, 2022, on seven major TV channels and three major online video sites. The creation and airing of the special marks an important milestone in implementing the cooperation between the two companies to facilitate the digital transformation of the film, culture and entertainment content industry.
The company said it will continue to improve its own content traffic and leverage multi-channel networks (MCNs) as well as film, television, cultural and entertainment content resources, to enter the brand marketing industry. new media in due time.
Joy Spreader’s business plan once again underscores the company’s strategic foresight, which strongly supports its long-term, quality-driven growth.
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SOURCE Joy Spreader Group Inc.