Summary by Moomoo AI
JOY SPREADER's revenue for the year 2024 is 0.113 billion HKD, a decline of 97.77% year-on-year; the net loss is 1.068 billion HKD, an increase of 36.26% year-on-year. The gross margin has dropped to 0.93%, and the operating cash flow is negative 54.54 million HKD. The significant decline in revenue is primarily due to the company's strategic adjustment, shifting the overseas e-commerce business from a heavy asset model to a light asset model centered on algorithms.The company is actively promoting its business transformation, focusing on two major directions: first, collaborating with state-owned enterprises to establish a mixed-ownership company with Poly Culture, achieving breakthroughs in AI + cultural entertainment, AIGC, blockchain, and other fields; second, expanding into overseas markets...Show More
Comment(0)
Reason For Report