Business
Scienjoy Reports Second Quarter 2022 Unaudited Financial Results
Second Quarter 2022 Revenues up 28.8% Year Over Year Second Quarter 2022 Adjusted Net Income up 35.6% Year Over Year BEIJING, Sept. 15, 2022 /PRNewswire/ --
About this update from Scienjoy Holding Corporation
[{"type":"text","content":"Second Quarter 2022 Revenues up 28.8% Year Over Year\nSecond Quarter 2022 Adjusted Net Income up 35.6% Year Over Year\nBEIJING, Sept. 15, 2022 /PRNewswire/ -- Scienjoy Holding Corporation (\"Scienjoy\", the \"Company\", or \"We\") (NASDAQ: SJ), a leading live entertainment mobile streaming platform in China, today announced its financial results for the second quarter and first half of fiscal year 2022 ended June 30, 2022.\nSecond Quarter 2022 Operating and Financial Highlights\nTotal net revenues increased by 28.8% to RMB506.5 million (US$75.6 million) for the three months ended June 30, 2022 from RMB393.2 million in the same period of 2021.Gross profit increased by 16.5% to RMB93.2 million (US$13.9 million) for the three months ended June 30, 2022 from RMB79.9 million in the same period of 2021.Net income was RMB67.4 million (US$10.1 million) for the three months ended June 30, 2022, compared to RMB92.1 million in the same period of 2021. Adjusted net income increased by 35.6% to RMB61.2 million (US$9.1 million) for the three months ended June 30, 2022 from RMB45.1 million in the same period of 2021.Total paying users increased by 3.9% to 268,772 for the three months ended June 30, 2022 from 258,799 in the same period of 2021.Total number of active broadcasters was 47,990 for the three months ended June 30, 2022, compared to 70,651 in the same period of 2021.First Half 2022 Operating and Financial Highlights\nTotal net revenues increased by 27.9% to RMB 970.0 million (US$144.8 million) for the six months ended June 30, 2022 from RMB758.3 million in the same period of 2021.Gross profit increased by 29.7% to RMB207.6 million (US$40.0 million) for the six months ended June 30, 2022 from RMB160.1 million in the same period of 2021. Gross margin increased to 21.4% for the six months ended June 30, 2022 from 21.1% in the same period of 2021.Net income was RMB150.6 million (US$22.5 million) for the six months ended June 30, 2022, compared to RMB163.0 million in the same period of 2021.Adjusted net income increased by 8.0% to RMB138.9 million (US$20.8 million) for the six months ended June 30, 2022 from RMB128.6 million in the same period of 2021.Total paying users were 445,753 for the six months ended June 30, 2022, compared to 477,062 in the same period of 2021.Total number of active broadcasters was 86,715 for the six months ended ...