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iHuman Inc. (NYSE: IH) is a leading provider of childhood edutainment products and services headquartered in Beijing, China. Founded in 1996, the company offers a blend of interactive and self-directed learning experiences through applications such as iHuman Chinese, iHuman English World, and iHuman Magic Math. Additionally, iHuman provides both physical and digital learning materials, as well as smart learning devices, aiming to make intellectual development an enjoyable journey for children.
iHuman's core business revolves around delivering high-quality educational content powered by cutting-edge technologies including AI, AR, and big data analytics. The company's primary revenue stream comes from subscription fees for premium content in its online applications, with a significant portion of income originating from mainland China.
Recent financial reports indicate a robust performance, with a notable growth in both revenue and user engagement. For example, the company recorded an average of 25.36 million monthly active users (MAUs) in Q3 2023, a 22.9% increase year-over-year. The company also saw substantial international market traction, especially through its app Aha World, which has climbed the ranks to be among the top children's apps in both the US and Europe.
iHuman continues to expand its portfolio by integrating new features and content to enhance user experience and engagement. Recent updates include innovative modules like “AI Talk” and “Creative Zone” within their apps, aimed at nurturing children's logical thinking and creativity. International efforts are bolstered by new product launches such as Gogo Town and strategic partnerships, including collaborations with Post & Telecom Press to create a diverse range of high-quality content for young readers.
The company has also extended its share repurchase program through December 2024, reflecting confidence in its financial health and business outlook. As of Q3 2023, iHuman reported a cash reserve of RMB1,174.2 million (approximately USD 160.9 million), underscoring its strong financial position.
iHuman's commitment to social responsibility is evident through its active participation in educational initiatives like the Hour of Code. The company recently published its first ESG report, highlighting its efforts toward environmental sustainability and social equity.
Looking forward, iHuman aims to continue leveraging its technological prowess and expanding its product offerings to maintain a balanced growth trajectory while creating value for shareholders and enriching the learning experiences of children worldwide.
iHuman Inc. (NYSE: IH) reported its Q3 2024 financial results with revenues of RMB239.4 million (US$34.1 million), down 8.4% year-over-year. The company achieved its eleventh consecutive quarter of profitability with net income of RMB25.1 million (US$3.6 million). Average total MAUs reached a record-high of 29.12 million, increasing 14.8% year-over-year.
The company expanded its product portfolio with the launch of iHuman Chinese Reading and enhanced its B2B model supporting nearly 10,000 kindergartens across China. The Board authorized an extension of the existing share repurchase program through December 31, 2025. Cash and equivalents stood at RMB1,168.6 million (US$166.5 million) as of September 30, 2024.
iHuman Inc. (NYSE: IH) reported its Q2 2024 unaudited financial results. Revenues decreased 10.7% year-over-year to RMB215.1 million (US$29.6 million). Gross profit was RMB151.7 million (US$20.9 million) with a 70.5% margin. Operating income decreased to RMB18.8 million (US$2.6 million), and net income fell to RMB24.7 million (US$3.4 million). However, average total MAUs increased 20.8% year-over-year to 24.57 million.
The company expanded its product lineup with the iHuman Pinyin Reader and new themes for international markets. iHuman's animation studio Kunpeng expanded globally with its Cosmicrew franchise. The company maintained profitability for the tenth consecutive quarter and ended Q2 with RMB1.13 billion in cash, cash equivalents, and time deposits.
iHuman (NYSE: IH) reported its Q1 2024 unaudited financial results, showing an 11.4% revenue drop to RMB235 million (US$32.5 million) year-over-year. Gross profit also decreased to RMB168.1 million (US$23.3 million), with operating income falling to RMB17.5 million (US$2.4 million) from RMB56.7 million last year. Net income was RMB22.3 million (US$3.1 million), a significant decline from RMB53.6 million. Despite financial declines, average total MAUs reached a record 26.38 million, up 25.1%. The company launched new products and expanded internationally, with notable investments in AI and product development.
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