Business
Scienjoy Reports Second Quarter 2023 Unaudited Financial Results
Second Quarter 2023 Adjusted Net Income Attributable to the Company's Shareholders up 41.3% Year Over Year BEIJING, Sept. 6, 2023 /PRNewswire/ -- Scienjoy
About this update from Scienjoy Holding Corporation
[{"type":"text","content":"Second Quarter 2023 Adjusted Net Income Attributable to the Company's Shareholders up 41.3% Year Over Year\nBEIJING, Sept. 6, 2023 /PRNewswire/ -- Scienjoy Holding Corporation (\"Scienjoy\", the \"Company\", or \"We\") (NASDAQ: SJ), a leading provider of live streaming and entertainment platforms, today announced its financial results for the second quarter and first half of fiscal year 2023 ended June 30, 2023.\nSecond Quarter 2023 Operating and Financial Highlights\nTotal net revenues was RMB363.2 million (US$50.1 million) for the three months ended June 30, 2023, as compared with RMB506.5 million in the same period of 2022. Gross profit was RMB50.4 million (US$7.0 million) for the three months ended June 30, 2023, as compared with RMB93.2 million in the same period of 2022.Net income attributable to the Company's shareholders increased by 25.2% to RMB84.7 million (US$11.7 million) for the three months ended June 30, 2023, from RMB67.7 million in the same period of 2022.Adjusted net income attributable to the Company's shareholders increased by 41.3% to RMB86.8 million (US$12.0 million) for the three months ended June 30, 2023, from RMB61.5 million in the same period of 2022. Total paying users was 210,673 for the three months ended June 30, 2023, as compared with 268,722 in the same period of 2022.First Half 2023 Operating and Financial Highlights\nTotal net revenues was RMB667.4 million (US$92.0 million) for the six months ended June 30, 2023, as compared with RMB970.0 million in the same period of 2022.Gross profit was RMB90.5 million (US$12.5 million) for the six months ended June 30, 2023, as compared with RMB207.6 million in the same period of 2022.Net income attributable to the Company's shareholders was RMB81.6 million (US$11.2 million) for the six months ended June 30, 2023, as compared with RMB150.9 million in the same period of 2022.Adjusted net income attributable to the Company's shareholders was RMB92.0 million (US$12.7 million) for the six months ended June 30, 2023, as compared with RMB139.2 million in the same period of 2022.Total paying users was 325,924 for the six months ended June 30, 2023, as compared with 445,753 in the same period of 2022.As of June 30, 2023, the Company had RMB202.8 million (US$28.0 million) in cash and cash equivalents, which represented an increase of RMB27.5 million from RMB175.3 mi...