Summary by Moomoo AI
Joy Spreader Limited announced the interim performance for the six months ended June 30, 2024, showing a significant decrease in revenue of 94.82% and a decrease in gross profit of 99.79%. The company's owner's deficit increased to 355.20 million Hong Kong dollars, with a net loss rate of 319.34%. The loss per share was 14.98 Hong Kong dollars. The company experienced a significant decrease in trade volume in the domestic short video e-commerce marketing, but the billing behavior of the interactive entertainment products slightly increased. Joy Spreader completed its strategic transformation in 2023 and, guided by the digitalization of the national cultural industry, established a mixed-ownership company with a state-owned cultural enterprise to promote the development of cultural entertainment technology business. The overseas e-commerce platform business has shifted from a trade model to providing technical services. In addition, there were no significant events after the reporting period.
