Scienjoy Holding Corporation Reports Second Quarter and First Half 2024 Unaudited Financial Results
Scienjoy Holding (NASDAQ: SJ) reported its Q2 and H1 2024 financial results. Q2 highlights include:
- Total revenues up 3.2% to RMB374.8 million (US$51.6 million)
- Gross profit increased 28.3% to RMB64.7 million (US$8.9 million)
- Income from operations surged 148.0% to RMB28.6 million (US$3.9 million)
- Net income decreased to RMB33.4 million (US$4.6 million) due to changes in fair value of investments
H1 2024 results showed similar trends with revenue up 3.6% and gross profit up 30.1%. The company is focusing on global expansion and metaverse innovation, particularly its SJ-Verse platform. Scienjoy expects Q3 2024 revenues between RMB303-323 million.
Scienjoy Holding (NASDAQ: SJ) ha riportato i suoi risultati finanziari per il Q2 e H1 2024. Punti salienti del Q2 includono:
- Ricavi totali aumentati del 3,2% a RMB374,8 milioni (US$51,6 milioni)
- Il profitto lordo è aumentato del 28,3% a RMB64,7 milioni (US$8,9 milioni)
- Il reddito operativo è aumentato del 148,0% a RMB28,6 milioni (US$3,9 milioni)
- Il reddito netto è diminuito a RMB33,4 milioni (US$4,6 milioni) a causa delle variazioni nel fair value degli investimenti
I risultati H1 2024 hanno mostrato tendenze simili con i ricavi aumentati del 3,6% e il profitto lordo aumentato del 30,1%. L'azienda si sta concentrando sull'espansione globale e sull'innovazione nel metaverso, in particolare sulla sua piattaforma SJ-Verse. Scienjoy prevede ricavi per il Q3 2024 compresi tra RMB303-323 milioni.
Scienjoy Holding (NASDAQ: SJ) informó sus resultados financieros del Q2 y H1 2024. Aspectos destacados del Q2 incluyen:
- Los ingresos totales aumentaron un 3,2% a RMB374,8 millones (US$51,6 millones)
- El beneficio bruto se incrementó un 28,3% a RMB64,7 millones (US$8,9 millones)
- Los ingresos de operaciones se dispararon un 148,0% a RMB28,6 millones (US$3,9 millones)
- El ingreso neto disminuyó a RMB33,4 millones (US$4,6 millones) debido a cambios en el valor justo de las inversiones
Resultados H1 2024 mostraron tendencias similares, con ingresos aumentados en un 3,6% y beneficios brutos aumentados en un 30,1%. La empresa se centra en la expansión global y la innovación en el metaverso, particularmente en su plataforma SJ-Verse. Scienjoy espera ingresos para el Q3 2024 entre RMB303-323 millones.
Scienjoy Holding (NASDAQ: SJ)는 2024년 2분기 및 상반기 재무 결과를 발표했습니다. 2분기 주요 내용은 다음과 같습니다:
- 총 수익이 3.2% 증가한 RMB374.8백만 (US$51.6백만)
- 총 이익이 28.3% 증가한 RMB64.7백만 (US$8.9백만)
- 운영 수익이 148.0% 증가한 RMB28.6백만 (US$3.9백만)
- 투자의 공정 가치 변동으로 인해 순이익이 RMB33.4백만 (US$4.6백만)으로 감소했습니다
2024년 상반기 결과는 유사한 추세를 보여주었으며, 수익이 3.6% 증가하고 총 이익이 30.1% 증가했습니다. 이 회사는 글로벌 확장 및 메타버스 혁신, 특히 SJ-Verse 플랫폼에 집중하고 있습니다. Scienjoy는 2024년 3분기 수익을 RMB303-323백만으로 예상하고 있습니다.
Scienjoy Holding (NASDAQ: SJ) a rapporté ses résultats financiers pour le 2e trimestre et le premier semestre 2024. Points forts du 2e trimestre incluent :
- Les revenus totaux ont augmenté de 3,2 % pour atteindre 374,8 millions de RMB (51,6 millions de dollars US)
- Le bénéfice brut a augmenté de 28,3 % pour atteindre 64,7 millions de RMB (8,9 millions de dollars US)
- Le revenu d'exploitation a bondi de 148,0 % pour atteindre 28,6 millions de RMB (3,9 millions de dollars US)
- Le revenu net a diminué à 33,4 millions de RMB (4,6 millions de dollars US) en raison des variations de la juste valeur des investissements
Les résultats H1 2024 ont montré des tendances similaires avec une augmentation des revenus de 3,6 % et une augmentation du bénéfice brut de 30,1 %. L'entreprise se concentre sur l'expansion mondiale et l'innovation dans le métavers, en particulier sa plateforme SJ-Verse. Scienjoy prévoit des revenus pour le 3e trimestre 2024 compris entre 303 et 323 millions de RMB.
Scienjoy Holding (NASDAQ: SJ) hat seine Finanzzahlen für das 2. Quartal und das 1. Halbjahr 2024 veröffentlicht. Highlights Q2 sind:
- Die Gesamteinnahmen stiegen um 3,2% auf RMB374,8 Millionen (US$51,6 Millionen)
- Der Bruttogewinn erhöhte sich um 28,3% auf RMB64,7 Millionen (US$8,9 Millionen)
- Der Betriebsgewinn schoss um 148,0% auf RMB28,6 Millionen (US$3,9 Millionen)
- Der Nettogewinn sank auf RMB33,4 Millionen (US$4,6 Millionen) aufgrund von Änderungen des beizulegenden Zeitwerts von Investitionen
Die Ergebnisse H1 2024 wiesen ähnliche Trends auf, mit einem Umsatzanstieg von 3,6% und einem Anstieg des Bruttogewinns um 30,1%. Das Unternehmen konzentriert sich auf die globale Expansion und Innovation im Metaversum, insbesondere auf seine SJ-Verse-Plattform. Scienjoy erwartet für das 3. Quartal 2024 Einnahmen zwischen RMB303-323 Millionen.
- Total revenues increased by 3.2% to RMB374.8 million in Q2 2024
- Gross profit surged by 28.3% to RMB64.7 million in Q2 2024
- Income from operations increased by 148.0% to RMB28.6 million in Q2 2024
- H1 2024 total revenues grew by 3.6% to RMB691.1 million
- H1 2024 gross profit increased by 30.1% to RMB117.8 million
- Average revenue per paying user (ARPPU) increased from RMB1,690 to RMB1,943 in Q2 2024
- Net income decreased by 60.6% to RMB33.4 million in Q2 2024
- Adjusted net income attributable to shareholders decreased by 55.6% to RMB38.5 million in Q2 2024
- Cash and cash equivalents decreased from RMB205.5 million to RMB188.8 million as of June 30, 2024
Insights
Scienjoy's Q2 2024 results show mixed signals. While revenue grew
Positively, gross profit surged
The
Scienjoy's strategic focus on metaverse and AI-Generated Content (AIGC) is timely and potentially transformative. The SJ-Verse platform, with its emphasis on personalized content and social integration, aligns well with current tech trends. The company's efforts to build a Dubai-centric metaverse ecosystem demonstrate a unique approach to localization within a global strategy.
The investment in AIGC technologies is particularly noteworthy. If successfully implemented, this could significantly enhance user engagement and content diversity, potentially leading to increased user retention and monetization opportunities. However, the effectiveness of these initiatives in driving user growth and revenue remains to be seen.
While the tech strategy seems sound, the modest revenue growth suggests that these innovations haven't yet translated into significant financial gains. The coming quarters will be important in determining whether Scienjoy can leverage its tech investments into substantial market advantages.
Scienjoy's performance reflects broader trends in the Chinese interactive entertainment market. The increase in Average Revenue Per Paying User (ARPPU) from
The company's global expansion strategy, starting with Dubai, is intriguing. The Middle East and North Africa (MENA) region represents a potentially lucrative market for interactive entertainment. However, success will depend on Scienjoy's ability to adapt its content and business model to local preferences and regulations.
The decrease in user acquisition costs suggests a maturing market where Scienjoy has established a stable share. While this reduces expenses, it may also indicate organic growth opportunities in the domestic market, underlining the importance of the company's international expansion and innovation initiatives.
Second Quarter 2024 Operating and Financial Summaries
- Total revenues increased by
3.2% toRMB374.8 million (US ) for the three months ended June 30, 2024 from$51.6 million RMB363.2 million in the same period of 2023. - Gross profit increased by
28.3% toRMB64.7 million (US ) for the three months ended June 30, 2024 from$8.9 million RMB50.4 million in the same period of 2023. - Income from operations increased by
148.0% toRMB28.6 million (US ) for the three months ended June 30, 2024 from$3.9 million RMB11.5 million in the same period of 2023. - Net income was
RMB33.4 million (US ) for the three months ended June 30, 2024, as compared with$4.6 million RMB84.9 million in the same period of 2023. The decrease in net income was primarily attributed to the change in fair value of investment in marketable security, which does not affect the Company's normal business operations. The change in fair value of investment in marketable security was primarily attributable to the fair value changes in investments in publicly traded company. The share price of publicly traded company experienced a moderate increase during the three months ending June 30, 2024, compared to a significant increase during the same period of 2023. - Net income attributable to the Company's shareholders was
RMB35.3 million (US ) for the three months ended June 30, 2024, as compared with$4.9 million RMB84.7 million in the same period of 2023. - Adjusted net income attributable to the Company's shareholders was
RMB38.5 million (US ) for the three months ended June 30, 2024, as compared with$5.3 million RMB86.8 million in the same period of 2023.
First Half 2024 Operating and Financial Summaries
- Total revenues increased by
3.6% toRMB691.1 million (US ) for the six months ended June 30, 2024 from$95.1 million RMB667.4 million in the same period of 2023. - Gross profit increased by
30.1% toRMB117.8 million (US ) for the six months ended June 30, 2024 from$16.2 million RMB90.5 million in the same period of 2023. - Income from operations increased by
136.5% toRMB38.9 million (US ) for the six months ended June 30, 2024 from$5.3 million RMB16.4 million in the same period of 2023. - Net income was
RMB36.2 million (US ) for the six months ended June 30, 2024, as compared with$5.0 million RMB79.3 million in the same period of 2023. The decrease in net income was primarily attributed to the change in fair value of investment in marketable security, which does not affect the Company's normal business operations. The change in fair value of investment in marketable security was primarily attributable to the fair value changes in investments in publicly traded company. The share price of publicly traded company experienced a moderate increase during the six months ending June 30, 2024, compared to a significant increase during the same period of 2023. - Net income attributable to the Company's shareholders was
RMB41.9 million (US ) for the six months ended June 30, 2024, as compared with$5.8 million RMB81.6 million in the same period of 2023. - Adjusted net income attributable to the Company's shareholders was
RMB47.5 million (US ) for the six months ended June 30, 2024, as compared with$6.5 million RMB92.0 million in the same period of 2023. - As of June 30, 2024, the Company had
RMB188.8 million (US ) in cash and cash equivalents, as compared with$26.0 million RMB205.5 million as of December 31, 2023.
Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented, "The first half of 2024 has shown solid growth in both our revenue and gross profit, reaffirming our confidence in and expectations for our existing strategy focused on global expansion and metaverse innovation. As emerging AI algorithms and applications rapidly integrate into daily life, our metaverse platform, SJ-Verse, has been energized with groundbreaking innovations and significant momentum. These advancements include more targeted and personalized content, deeper social integration, comprehensive developer support, and enhanced platform connectivity. During this period, SJ-Verse has remained on course with its established goals, notably through partnerships with local creators, service providers and third-party developers to build a metaverse ecosystem uniquely characterized by
Mr. Denny Tang, Chief Financial Officer of Scienjoy, added, "We are pleased to report robust results for the first half of 2024, despite external challenges and market volatilities. In the second quarter and first half of fiscal year 2024, our revenue experienced steady growth of
Second Quarter 2024 Financial Results
Total revenues increased by
Cost of revenues decreased by
Gross profit increased by
Total operating expenses decreased by
- Sales and marketing expenses decreased by
26.5% toRMB0.2 million (US ) for the three months ended June 30, 2024 from$0.03 million RMB0.3 million in the same period of 2023, primarily due to fewer marketing activities. - General and administrative expenses decreased by
13.0% toRMB16.7 million (US ) for the three months ended June 30, 2024 from$2.3 million RMB19.1 million in the same period of 2023, primarily caused by a decrease ofRMB2.7 million in share based compensation. - Research and development expenses decreased by
3.3% toRMB17.5 million (US ) and$2.4 million RMB18.1 million for the three months ended June 30, 2024 and 2023, due to a decrease ofRMB1.6 million employee salary and welfare and a decrease ofRMB0.4 million in share base compensation, offset by an increase ofRMB1.5 million in technical services. - Provision for credit losses increased by
29.2% toRMB1.8 million (US ) for the three months ended June 30, 2024 from$0.2 million RMB1.4 million in the same period of 2023.
Income from operations increased by
Change in fair value of contingent consideration was Nil for the three months ended June 30, 2024, as compared to a gain of
Change in fair value of warrant liabilities was Nil for the three months ended June 30, 2024, as compared to a gain of
Change in fair value of investment in marketable security decreased by
Investment loss decreased by
Income tax expense was
Net income decreased by
Net income attributable to the Company's shareholders decreased by
Adjusted net income attributable to the Company's shareholders decreased by
Basic and diluted net income per ordinary share was
Adjusted basic and diluted net income per ordinary share was
First Half 2024 Financial Results
Total net revenues increased by
Cost of revenues decreased by
Gross profit increased by
Total operating expenses increased by
- Sales and marketing expenses increased by
367.2% toRMB2.2 million (US ) for the six months ended June 30, 2024 from$0.3 million RMB0.5 million in the same period of 2023, primarily attributable to sales and marketing activities in our new subsidiaries inDubai . The Company is taking initiative inDubai market, aiming at global expansion starting from the dynamicMiddle East andNorth Africa (MENA) region. - General and administrative expenses increased by
0.3% toRMB36.6 million (US ) for the six months ended June 30, 2024 from$5.0 million RMB36.5 million in the same period of 2023. The increase was primarily due to an increase ofRMB4.1 million in employee salary and welfare andRMB1.0 million membership fees, offset by a decrease ofRMB2.6 million in office renovation expenses and a decrease ofRMB2.4 million in. share based compensation. - Research and development expenses increased by
11.8% toRMB39.1 million (US ) from$5.4 million RMB34.9 million for the six months ended June 30, 2024 and 2023, due to an increase ofRMB5.9 million in technical services fees, offset by a decrease ofRMB1.6 million in employee salary and welfare. - Provision for credit losses decreased by
49.5% toRMB1.1 million (US ) for the six months ended June 30, 2024 from$0.2 million RMB2.2 million in the same period of 2023.
Income from operations increased by136.
Change in fair value of contingent consideration was Nil for the six months ended June 30, 2024, as compared to a loss of
Change in fair value of warrant liabilities was Nil for the six months ended June 30, 2024, as compared to a gain of
Change in fair value of investment in marketable security decreased by
Investment loss decreased by
Income tax expense was
Net income decreased by
Net income attributable to the Company's shareholders decreased by
Adjusted net income attributable to the Company's shareholders decreased by
Basic and diluted net income per ordinary share was
Adjusted basic and diluted net income per ordinary share was
As of June 30, 2024, the Company had
Business Outlook
The Company expects its total net revenues to be in the range of
About Scienjoy Holding Corporation
Scienjoy is a pioneering Nasdaq-listed interactive entertainment leader. Driven by the vision of shaping a metaverse lifestyle, Scienjoy leverages AI-powered technology to create immersive experiences that resonate with global audiences, fostering meaningful connections and redefining entertainment. For more information, please visit http://ir.scienjoy.com/.
Use of Non-GAAP Financial Measures
Adjusted net income is calculated as net income adjusted for change in fair value of contingent consideration, change in fair value of warrant liability and share based compensation. Adjusted basic and diluted net income per ordinary share is non-GAAP net income (loss) attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ordinary share. The non-GAAP financial measures are presented to enhance investors' overall understanding of the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with
For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP Results" near the end of this release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission ("SEC") from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
For investor and media inquiries, please contact:
Investor Relations Contacts
Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
ir@scienjoy.com
Ascent Investor Relations LLC
Tina Xiao
+1-646-932-7242
investors@ascent-ir.com
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||
(All amounts in thousands, except share and per share data or otherwise stated) | ||||||||||||
As of | As of | |||||||||||
December 31, | June 30, | |||||||||||
2023 | 2024 | 2024 | ||||||||||
RMB | RMB | US$ | ||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash and cash equivalents | 205,465 | 188,764 | 25,975 | |||||||||
Accounts receivable, net | 260,979 | 246,812 | 33,962 | |||||||||
Prepaid expenses and other current assets | 78,653 | 59,840 | 8,234 | |||||||||
Amounts due from related parties | 355 | - | - | |||||||||
Investment in marketable security | 31,525 | 35,290 | 4,856 | |||||||||
Total current assets | 576,977 | 530,706 | 73,027 | |||||||||
Property and equipment, net | 2,193 | 1,863 | 256 | |||||||||
Intangible assets, net | 412,154 | 408,690 | 56,238 | |||||||||
Goodwill | 182,467 | 182,536 | 25,118 | |||||||||
Long term investment | 254,411 | 267,519 | 36,812 | |||||||||
Long term deposits and other assets | 726 | 731 | 101 | |||||||||
Right-of-use assets-operating lease | 12,157 | 8,544 | 1,176 | |||||||||
Deferred tax assets | 7,379 | 5,222 | 719 | |||||||||
Total non-current assets | 871,487 | 875,105 | 120,420 | |||||||||
TOTAL ASSETS | 1,448,464 | 1,405,811 | 193,447 | |||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Current liabilities | ||||||||||||
Accounts payable | 73,183 | 35,034 | 4,820 | |||||||||
Accrued salary and employee benefits | 14,763 | 9,394 | 1,293 | |||||||||
Accrued expenses and other current liabilities | 27,610 | 8,244 | 1,134 | |||||||||
Income tax payable | 13,005 | 9,196 | 1,265 | |||||||||
Lease liabilities-operating lease -current | 7,974 | 6,101 | 840 | |||||||||
Deferred revenue | 97,586 | 84,997 | 11,696 | |||||||||
Total current liabilities | 234,121 | 152,966 | 21,048 | |||||||||
Non-current liabilities | ||||||||||||
Deferred tax liabilities | 59,818 | 59,109 | 8,134 | |||||||||
Lease liabilities-operating lease -non-current | 4,798 | 2,773 | 382 | |||||||||
Total non-current liabilities | 64,616 | 61,882 | 8,516 | |||||||||
TOTAL LIABILITIES | 298,737 | 214,848 | 29,564 | |||||||||
Commitments and contingencies | ||||||||||||
EQUITY | ||||||||||||
Ordinary share, no par value, unlimited Class A ordinary shares and | ||||||||||||
Class A ordinary shares | 423,623 | 439,212 | 60,438 | |||||||||
Class B ordinary shares | 23,896 | 23,896 | 3,288 | |||||||||
Shares to be issued | 30,777 | 20,817 | 2,865 | |||||||||
Treasury stocks | (19,216) | (19,216) | (2,644) | |||||||||
Statutory reserves | 44,698 | 48,040 | 6,611 | |||||||||
Retained earnings | 628,821 | 667,399 | 91,837 | |||||||||
Accumulated other comprehensive income | 17,965 | 17,357 | 2,388 | |||||||||
Total shareholders' equity | 1,150,564 | 1,197,505 | 164,783 | |||||||||
Non-controlling interests | (837) | (6,542) | (900) | |||||||||
Total equity | 1,149,727 | 1,190,963 | 163,883 | |||||||||
TOTAL LIABILITIES AND EQUITY | 1,448,464 | 1,405,811 | 193,447 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | ||||||||||||||||||||||||
(All amounts in thousands, except share and per share data or otherwise stated) | ||||||||||||||||||||||||
For the three months ended | For the six months ended | |||||||||||||||||||||||
June 30, | June 30, | June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||
2023 | 2024 | 2024 | 2023 | 2024 | 2024 | |||||||||||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
Livestreaming - consumable | 349,629 | 362,293 | 49,853 | 640,740 | 671,308 | 92,375 | ||||||||||||||||||
Livestreaming - time based | 6,379 | 6,542 | 900 | 11,890 | 12,516 | 1,722 | ||||||||||||||||||
Technical services and others | 7,143 | 6,005 | 826 | 14,812 | 7,315 | 1,007 | ||||||||||||||||||
Total revenues | 363,151 | 374,840 | 51,579 | 667,442 | 691,139 | 95,104 | ||||||||||||||||||
Cost of revenues | (312,718) | (310,117) | (42,674) | (576,913) | (573,329) | (78,893) | ||||||||||||||||||
Gross profit | 50,433 | 64,723 | 8,905 | 90,529 | 117,810 | 16,211 | ||||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Sales and marketing expenses | (257) | (189) | (26) | (466) | (2,177) | (300) | ||||||||||||||||||
General and administrative | (19,148) | (16,650) | (2,291) | (36,457) | (36,580) | (5,034) | ||||||||||||||||||
Research and development | (18,135) | (17,534) | (2,413) | (34,945) | (39,061) | (5,375) | ||||||||||||||||||
Provision for doubtful accounts | (1,369) | (1,769) | (243) | (2,230) | (1,126) | (155) | ||||||||||||||||||
Total operating expenses | (38,909) | (36,142) | (4,973) | (74,098) | (78,944) | (10,864) | ||||||||||||||||||
Income from operations | 11,524 | 28,581 | 3,932 | 16,431 | 38,866 | 5,347 | ||||||||||||||||||
Change in fair value of | 2,540 | - | - | (1,978) | - | - | ||||||||||||||||||
Change in fair value of warrants | 2,085 | - | - | 153 | - | - | ||||||||||||||||||
Change in fair value of | 63,570 | 6,991 | 962 | 65,148 | 3,764 | 518 | ||||||||||||||||||
Investment loss | (3,870) | (1,114) | (153) | (4,088) | (3,354) | (462) | ||||||||||||||||||
Interest income, net | 691 | 449 | 62 | 1,095 | 2,428 | 334 | ||||||||||||||||||
Other income, net | 354 | 575 | 79 | 525 | 688 | 95 | ||||||||||||||||||
Foreign exchange gain, net | 1,454 | 974 | 134 | 1,421 | 1,508 | 208 | ||||||||||||||||||
Income before income taxes | 78,348 | 36,456 | 5,016 | 78,707 | 43,900 | 6,040 | ||||||||||||||||||
Income tax benefits (expenses) | 6,526 | (3,035) | (418) | 632 | (7,673) | (1,056) | ||||||||||||||||||
Net income | 84,874 | 33,421 | 4,598 | 79,339 | 36,227 | 4,984 | ||||||||||||||||||
Less: net income (loss) | 138 | (1,919) | (264) | (2,247) | (5,693) | (783) | ||||||||||||||||||
Net income attributable to the | 84,736 | 35,340 | 4,862 | 81,586 | 41,920 | 5,767 | ||||||||||||||||||
Other comprehensive loss: | ||||||||||||||||||||||||
Other comprehensive loss - | (511) | (172) | (24) | (498) | (608) | (84) | ||||||||||||||||||
Comprehensive income | 84,363 | 33,249 | 4,574 | 78,841 | 35,619 | 4,900 | ||||||||||||||||||
Less: comprehensive income | 138 | (1,919) | (264) | (2,247) | (5,693) | (783) | ||||||||||||||||||
Comprehensive income | 84,225 | 35,168 | 4,838 | 81,088 | 41,312 | 5,683 | ||||||||||||||||||
Weighted average number of | ||||||||||||||||||||||||
Basic | 40,447,415 | 41,164,872 | 41,164,872 | 40,447,415 | 41,164,872 | 41,164,872 | ||||||||||||||||||
Diluted | 40,771,279 | 41,334,310 | 41,334,310 | 40,660,023 | 41,461,415 | 41,461,415 | ||||||||||||||||||
Earnings per share | ||||||||||||||||||||||||
Basic | 2.09 | 0.86 | 0.12 | 2.02 | 1.02 | 0.14 | ||||||||||||||||||
Diluted | 2.08 | 0.85 | 0.12 | 2.01 | 1.01 | 0.14 |
Reconciliations of Non-GAAP Results | |||||||||||||
(All amounts in thousands, except share and per share data or otherwise stated) | |||||||||||||
For the three months ended | For the six months ended | ||||||||||||
June 30, | June 30, | June 30, | June 30, | June 30, | June 30, | ||||||||
2023 | 2024 | 2024 | 2023 | 2024 | 2024 | ||||||||
RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Net income attributable to the | 84,736 | 35,340 | 4,862 | 81,586 | 41,920 | 5,767 | |||||||
Less: | |||||||||||||
Change in fair value of | 2,540 | - | - | (1,978) | - | - | |||||||
Change in fair value of warrants | 2,085 | - | - | 153 | - | - | |||||||
Share based compensation | (6,720) | (3,194) | (440) | (8,613) | (5,629) | (775) | |||||||
Adjusted net income | 86,831 | 38,534 | 5,302 | 92,024 | 47,549 | 6,542 | |||||||
Adjusted net income | |||||||||||||
Basic | 2.15 | 0.94 | 0.13 | 2.28 | 1.16 | 0.16 | |||||||
Diluted | 2.13 | 0.93 | 0.13 | 2.26 | 1.15 | 0.16 | |||||||
"Adjusted net income attributable to the Company's shareholders" is defined as net income attributable to the
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SOURCE Scienjoy Holding Corporation
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