乐享集团2025中期报告

（於開曼群島註冊成立之有限公司）股份代號: 6988 2462036454749515273 公司資料 Office of Sertus Incorporations (Cayman) LimitedSertus ChambersGovernors Square, Suite #5-20423 Lime Tree Bay AvenueP.O. Box 2547, Grand CaymanKY1-1104, Cayman Islands T18A 24840 Campbells Corporate Services LimitedFloor 4, Willow HouseCricket SquareGrand Cayman KY1-9010Cayman Islands 8835 15434301-10 183171712-1716 (86)10-87726988investment@joyspreader.com www.joyspreader.com 6988 20256302024630 (1) 2024 (1) 2025AIartificial intelligenceAIAIAIAIAI AIAIAI AIAIAIAIAI AI+AIGCartificial intelligence generated content 20233CMARTOP14.6GMV(gross merchandise volumeAI 2025AI AIAIAIAIAIAI AI IPintellectual property AI APP AI AIAIAIAIAIAI AIAIGC AI2024 IP AI IPAIAIGCAIGCAIGCAIGC AIGC2024430514AIGC20242024 2024AIGCAIGC 37AIGCAIGC (1) 2025 (2) + 2035500 (1) IP (2) IP1P (3) 2024IP20245 2025 (4) IPIP (5)MCNMulti-Channel Network MCNMCNMCNMCNMCN (6) 202025 RANGERoverARTE2025AI✖# 20214001,000 MARTOP 2024MARTOP SKU 2025 AIAIAI 2025 AIAI 1.AIGC AIAIGCAIGCAIGCAIGCAIAIGC 2.Web3.0 Web3.0IPWeb3.0Web3.0Web3.0 3. IP 4. 5. 6. 7. MARTOP (1) AIUGCuser generated contentPGCprofessional generated contentAI (2) +Web3.0IP (3) (4) GDP(RCEP)4G5GGDP 3C Web3.0PGCPGCMCN 20132018202120232024MARTOP 管理層討論及分析 • 2024IPAIAIGCAIGC Web3.0 20253.38202432.8089.70%2023MARTOP20242025630 2025MARTOPGMV1.66GMV4.5563.52% • 20251.8756.6796.70% 202520252024GMV23.1820.88 • AI AIAIAIGC •2025 a. AI+AIGC AIGCAIGC Web3.0 MCN b. 2025MARTOPSKU 2024630111.2392.01%20256308.89(i)2023MARTOP20242025630(ii) 2024630110.7996.34%20256304.05 20256304.8520246300.441,002.27%202563054.56%20246300.40%54.16 202563012.57202463013.09202511.69 2024630281.3970.54%202563082.912025 202463042.3721.29%202563033.35 AIAI 20246301.8735.29%20256301.212025 202412312025630348.82293.51 202563050.802024123160.2915.74%(i)2025(ii) 2025630242.7120241231288.5315.88%2025 202563054.2720241231108.3849.93%(i)2025(ii)2025630 2024123120256302.262.262025630 202412312025630272.35210.30 (i)(ii) 20241231297.4527.46%2025630215.782025 2024123123.687.31%202563025.41 2024123122.1747.00%202563011.75 2025630 20256307.56202463036.48 20256306.3120246301.24 202563014.0120246305.79 5 2025630 2025630 2025630 100%202563046.91%2024123149.02%) 20256301.86202412311.86 2025630 2025630592024123170202563062.7% 2021621 2021621 (I) (i)(ii)(i)(ii)(iii) (II) 202511202563000 12 (III) (IV) (V) (VI) 12 (i)(ii)(iii) 202563020256300 2021621 202392817.1317.0217.0417.0617.0917.01(1)2023913 (I) (II) (III) 10% 10,00020239281,0001,000100%2002024312006002024913002025313002025112025630 (IV) (12)1% (12)0.1% 20239281,00010% (V) (VI) (VII) 1,000 (VIII) 108 2025630 (1)(2)202391202431200202491202531300(i)202491202531600(ii)(3)20239281,0001,000100%2025112025630(4) 2025630 (i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix) 202563013.51B(1) 企業管治及其他資料 2025630 2025630104,172.64 (i)(ii)(iii) 2025630 2019315202011 i.ii.iii.iv. 20241112024 2025630C.2.1(i)(ii)(iii) 2025630 2025630XVXV78352 (1)L (2)ZZN.Ltd.Laurencemate.Ltd.747,298,30036,111,100ZZN.Ltd.100%Laurence mate. Ltd.90%ZZN. Ltd.Laurence mate. Ltd. (1)L (2)90%1,111,111 (1)L (2)20239281,0001,000200202431200600202491300202531300202491202531600 2025630352 2025630XV23336 (1)L(2)ZZN. Ltd.Laurence mate. Ltd.100%90%2025630Laurence mate. Ltd.36,111,1001.52%(3)ZZN. Ltd. 2025630XV23336 (i)2020920(ii)202238(iii)2022831(iv)2024328 21.841,520.67 2025828 AI AIAIAIAI 79.43%AIAI 2025630 2025630 20256302024630 簡明綜合損益及其他全面收益表 2025630 簡明綜合權益變動表 2025630 簡明綜合現金流量表 2025630 2025630 1. 20192192020923 ZZN. Ltd.ZZNLaurence mate. Ltd. 2. 34D2 2025630102,332,0008,894,0004202563089,284,0007,563,000 3. 202563020241231 202511 21 4. 5. 8 • • 5. 5. 6. 7. 202563020241231 9. 10. 11. 2025630202463020256302024630 12. 202463018 20256302024630 13. a.20235122024520245330,000,000122025520255200,000,000122026515,000,000 b.202563033,118,0002024630 30180 14. 14. a. 13202563041%2024123139% b.2025630104,118,0002024630 20257 15. 2025630 16. 17. 0.0000120241120246302025112025630 20241120246302025112025630 18. (a) 2021621 202162110 20252024630 20246301,874,000 18. (b) 202391 202312311,00010%202391202431202491202531 5.92 3.26%57.05%0.8 2025630197,00020246301,874,000 19. 2025630100% 20. (i) 2025630 20. (i) 20241231 20. (i) a.20256301%28,000202412311%23,000 b.20256301%98,0002024123198,000 2025630123 (ii)3 3 (iii) 21. 釋義 AIGC 2025627 2007612832896 2008109 20167690%10% JoySpreader International(HK)LimitedJoySpreader Interactive Group (HK) Limited20191025 201336 2015611