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Joy Spreader Group Inc.
(6988)
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Rating:49Neutral
Price Target:
HK$0.05
▼(-57.50% Downside)
Action:Reiterated
Date:09/10/26
The score is held down primarily by weak financial performance (continued losses and negative operating/free cash flow) despite the recent revenue rebound and a low-debt balance sheet. Technicals provide partial support via strong short-term momentum, but overbought signals and weaker longer-term trend indicators temper that benefit. Valuation is constrained by the negative P/E and lack of dividend yield data.
Positive Factors
Revenue rebound
The strong TTM revenue rebound indicates renewed demand for the company’s marketing and communications services after prior contraction. If sustained, higher revenue can improve operating leverage, rebuild business scale, and provide a foundation for restoring margins over the next several quarters.
Negative Factors
Persistent unprofitability
Negative gross and operating margins show that current revenue is not yet covering the direct and operating costs of the business. Persistent net losses, including especially severe losses in 2024, weaken retained capital and make a durable earnings recovery dependent on substantial operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The strong TTM revenue rebound indicates renewed demand for the company’s marketing and communications services after prior contraction. If sustained, higher revenue can improve operating leverage, rebuild business scale, and provide a foundation for restoring margins over the next several quarters.
Read all positive factors
Joy Spreader Group Inc. (6988) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$120.38M
Dividend YieldN/A
Average Volume (3M)5.72M
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth367.10%
EPS Growth87.08%
CountryHK
Employees37
SectorCommunication Services
Sector Strength97
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.04
Shares Outstanding2,371,927,200
10 Day Avg. Volume581,000
30 Day Avg. Volume5,722,633
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.50
Price to Sales (P/S)20.49
P/FCF Ratio-3.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Joy Spreader Group Inc. Business Overview & Revenue Model
Company Description
Joy Spreader Group Inc., a marketing technology company, provides digital marketing and related services in Mainland China and Hong Kong. It operates through Provision of Performance Based We-Media Marketing Services; Sales of E-commerce Goods; an...
Joy Spreader Group Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.29M | 11.68M | 113.31M | 5.08B | 3.72B | 1.40B |
| Gross Profit | -7.56M | -12.16M | -3.29M | 446.41M | 436.96M | 451.85M |
| EBITDA | -74.39M | -141.04M | -1.05B | -751.72M | -300.31M | 262.88M |
| Net Income | -103.12M | -161.92M | -1.07B | -784.17M | -339.12M | 244.64M |
Balance Sheet | ||||||
| Total Assets | 386.37M | 354.35M | 822.23M | 1.87B | 2.80B | 2.46B |
| Cash, Cash Equivalents and Short-Term Investments | 180.89M | 189.43M | 230.40M | 327.96M | 576.00M | 648.27M |
| Total Debt | 4.78M | 7.65M | 22.17M | 41.36M | 43.08M | 17.18M |
| Total Liabilities | 122.87M | 88.59M | 403.07M | 292.69M | 384.04M | 142.05M |
| Stockholders Equity | 478.25M | 475.81M | 502.64M | 1.60B | 2.41B | 2.32B |
Cash Flow | ||||||
| Free Cash Flow | -61.27M | -74.74M | -54.81M | -256.66M | -561.39M | -382.38M |
| Operating Cash Flow | -59.14M | -60.51M | -54.54M | -237.76M | -526.29M | -342.25M |
| Investing Cash Flow | 3.66M | 3.14M | -10.46M | 41.03M | -91.95M | -78.86M |
| Financing Cash Flow | 45.18M | 34.48M | -18.46M | -18.06M | 587.17M | -168.74M |
Joy Spreader Group Inc. Technical Analysis
Negative
0.12
Price Trends
0.05
Negative
0.06
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
45.40
Neutral
19.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6988, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and above the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.40 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6988.
Joy Spreader Group Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$20.11B | 30.76 | 23.78% | 2.16% | 25.61% | 95.27% | |
61 Neutral | HK$167.58M | 27.13 | 2.61% | ― | 17.40% | 175.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | HK$30.24M | -10.77 | -15.48% | ― | 14.71% | 77.08% | |
49 Neutral | HK$120.38M | -1.18 | -21.62% | ― | 367.10% | 87.08% | |
46 Neutral | HK$205.61M | 19.58 | -47.52% | 23.70% | 1.67% | ― | |
44 Neutral | HK$600.58M | 120.00 | 1.73% | ― | 885.14% | ― |
* Communication Services Sector Average
HK:6988
Joy Spreader Group Inc.
0.05
-0.09
-62.50%
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Adtiger Corporations Limited
0.19
0.05
41.35%
HK:1860
Mobvista, Inc.
11.90
-4.20
-26.09%
HK:1993
Asiaray Media Group Ltd.
0.43
-0.32
-42.67%
HK:0205
SEEC Media Group Limited
0.48
0.18
60.00%
HK:8091
OOH Holdings Ltd
0.04
<0.01
7.69%
Joy Spreader Group Inc. Corporate Events
Joy Spreader Reshapes Board With New Independent Director Appointment
Sep 30, 2026
Joy Spreader Group Inc. announced that independent non-executive director Fang Hongwei will resign effective Sept. 30, 2026, stepping down as chairman of the remuneration committee and member of the nomination committee. The board noted Fang has n...
Joy Spreader Sets Out Board Structure and Committee Roles
Sep 30, 2026
Joy Spreader Group Inc., incorporated in the Cayman Islands and traded in Hong Kong under stock code 6988, has a board composed of executive, non-executive and independent non-executive directors overseeing the company. Its governance framework is...
Joy Spreader Revamps Hong Kong Governance Roles and Office Base
Sep 30, 2026
Joy Spreader Group Inc. announced the resignation of joint company secretary, authorised representative and process agent Ms. Lin Sio Ngo, effective September 30, 2026, with the board noting there is no disagreement or outstanding issues linked to...
Joy Spreader’s Interim Results Show Revenue Surge on AI Marketing Shift
Aug 27, 2026
Joy Spreader Group Inc. reported a sharp recovery in its interim results for the six months ended June 30, 2026, with revenue surging to HK$48.50 million from HK$8.89 million a year earlier and gross profit nearly doubling. Although the company re...
Joy Spreader Board Sets Date to Approve Interim Results and Consider Dividend
Aug 14, 2026
Joy Spreader Group Inc., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 6988, operates with a diversified board that includes executive, non-executive and independent non-executive directors, led by C...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.