Joy Spreader attributes robust growth in its Interim Results to its Competence in Technologies in a Technological and Technology development performance
The company, the "Joy Spreader Group" (HKG:6988, "the Group," "The Group") announced its results for the first six months of June 30, 2021 recently, during which the company achieved a USD 79.8 million, an increase of 62.37 per cent YoY. Among the foreign exchange losses, net profit excluding foreign currency losses grew 102.26 per cent YoY to HK$137 million (approx. 17 - 17 million dollars US). The robust growth in revenue and net profit was attributable to the advantages of the Group in the field of data analytics and algorithmic modeling over the past few years. The increasing demand for its supply-side platform (SSP) and demand-long platform.
The key of the SSP services business is the easy-to-navigate software, which provides access to data-rich profiles of online service channels through automated analysis of content and user behavior data, and helps sellers choose the best suit for DSP services platform includes data-rich profiles of clients' products, together with algorithm-based intelligent forecasting services to help clients choose the best marketing point for their mobile new media platforms for selling or placing their products.
In 2021, Joy Spreader covered 1.5616 million marketing points, up 208.65 per cent YoY at the end of June 30th. The number of company clients in the group grew also 36,89% YoY to 308.
The expansion of marketing points network on SSPs along with the increased number of clients on DSP's has generated a huge amount of interactive data. In the marketing technology sector, data accumulation has a significant impact on the design and performance of models. The Group can build, test and improve its algorithm models while delivering outstanding marketing services. Large, structured data spans a time of meaningful importance and supports real-time interactions, the vast data group can deliver efficiencies.
The synergy between the SSP and DSP has become the backbone of the growth of Joy Spreader's performance-based marketing business. The Group has a growing number of marketing points and client acquisitions results in significant gain of transaction data. A Flywheel Effect is created in that the increase of transaction data then further increases the marketing efficiency and helps the Group to become more efficient and attract new customers. g k d z n m l w t i v s r b e a p o h x j u y The model-based algorithms are used. The intelligent performance-based marketing platform is becoming the key driving force behind the company's financial performance.
The Group has built in advantages in the technological world thanks to its first-mover advantage in research and development (R&D) and continued investment in R&& amp; D. The company began to develop data-driven and
On the other hand, Joy Spreader continued to spend more on R&D, raising it to HK$29.9 million (approx. The company also added to its collection of data models based on different product categories during the first half of 2021 alone, a YoY gain of 712,5%. As of June 30, the number of models increased to 169 units, up 14.19 per cent from 148 units at the end of 2020.
Joy Spreader plans on extending its R&D spending further. "We believe in the necessity and importance of investment in R&D, which can be counted on to increase the Group's revenue and profit," said Zhu Zinan, chairman of Joy Spreader. "Going forward, we expect to continue our commitment to constantly optimizing algorithms in tandem with the Group's active expansion into new markets and the anticipated increase in marketing points."
The group's continuous investment in research and development opens unprecedented opportunities for the group as it embraces digital technologies fully. The digital economy is widely known as a flywheel driving the evolution of today's society by transforming the world into influencing every single person in it as digital technologies evolve rapidly. This non only brings unprecedented changes globally, but also brings the Group a great opportunity to grow its business internationally.
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SOURCE Joy Spreader Group Inc.