Summary by Futu AI
Joy Spreader Group Limited announced the mid-year performance for the six months ended June 30, 2024, showing a significant decrease in revenue by 94.82% and a decrease in gross profit by 99.79%. The owner's equity attributable to the company for the period increased to 355.20 million Hong Kong dollars, with a net loss rate of 319.34%. The loss per share is 14.98 Hong Kong cents. The company's domestic short video e-commerce trade volume has decreased significantly, but the billing behavior quantity of interactive entertainment products marketing has slightly increased. In 2023, Joy Spreader Group completed its strategic transformation and, under the guidance of the national cultural industry digital construction, established a mixed-ownership company with a central state-owned cultural enterprise to promote the development of cultural entertainment technology business. The overseas e-commerce platform business has shrunk the trading mode and transformed into providing technology services. In addition, there were no major events after the reporting period.