EX-99.1 2 ea025444201ex99-1_scienjoy.htm PRESS RELEASE

Exhibit 99.1

 

Scienjoy Holding Corporation Reports Second Quarter and First Half 2025 Unaudited Financial Results

 

BEIJING, August 27, 2025 /PRNewswire/ — Scienjoy Holding Corporation (“Scienjoy”, the “Company”, or “we”) (NASDAQ: SJ), an interactive entertainment leader in the Chinese market, today announced its financial results for the second quarter and first half of fiscal year 2025 ended June 30, 2025. 

 

Second Quarter 2025 Operating and Financial Summaries 

 

  ● Total revenues decreased to RMB349.0 million (US$48.7 million) for the three months ended June 30, 2025 from RMB374.8 million in the same period of 2024.

 

  ● Gross profit decreased to RMB63.7 million (US$8.9 million) for the three months ended June 30, 2025 from RMB64.7 million in the same period of 2024. Gross margin increased to 18.2% for the three months ended June 30, 2025 from 17.3% in the same period of 2024.

 

  ● Income from operations decreased to RMB23.3 million (US$3.2 million) for the three months ended June 30, 2025 from RMB28.6 million in the same period of 2024.

 

  ● Net income decreased to RMB22.7 million (US$3.2 million) for the three months ended June 30, 2025 from RMB33.4 million in the same period of 2024. This is mainly due to RMB 13.7 million decrease in change in fair value of investment in a publicly traded company.

 

  ● Net income attributable to the Company’s shareholders decreased to RMB22.6 million (US$3.2 million) for the three months ended June 30, 2025 from RMB35.3 million in the same period of 2024.

 

  ● Adjusted net income attributable to the Company’s shareholders decreased to RMB24.9 million (US$3.5 million) for the three months ended June 30, 2025 from RMB38.5 million in the same period of 2024.

 

First Half 2025 Operating and Financial Summaries

 

  ● Total revenues decreased to RMB656.4 million (US$91.6 million) for the six months ended June 30, 2025 from RMB691.1 million in the same period of 2024.

 

  ● Gross profit increased by 4.6% to RMB123.2 million (US$17.2 million) for the six months ended June 30, 2025 from RMB117.8 million in the same period of 2024. Gross margin increased to 18.8% for the six months ended June 30, 2025 from 17.0% in the same period of 2024.

 

  ● Income from operations decreased to RMB37.0 million (US$5.2 million) for the six months ended June 30, 2025 from RMB38.9 million in the same period of 2024.

 

  ● Net income decreased to RMB9.7 million (US$1.4 million) for the six months ended June 30, 2025 from RMB36.2 million in the same period of 2024. This is mainly due to RMB 34.9 million decrease in change in fair value of investment in a publicly traded company.

 

  ● Net income attributable to the Company’s shareholders decreased to RMB13.5 million (US$1.9 million) for the six months ended June 30, 2025 from RMB41.9 million in the same period of 2024.

 

  ● Adjusted net income attributable to the Company’s shareholders decreased to RMB19.4 million (US$2.7 million) for the six months ended June 30, 2025 from RMB47.5 million in the same period of 2024.

 

  ● As of June 30, 2025, the Company had RMB298.5 million (US$41.7 million) in cash and cash equivalents, which represented an increase of RMB46.0 million from RMB252.5 million as of December 31, 2024.

 

 

 

Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented, “In the first half of 2025, we have been advancing our ‘live streaming + gaming’ ecosystem strategy in line with our roadmap, reinforcing steady growth and achieving new breakthroughs in our core business. To further consolidate our live broadcast operations, we focused on retaining high-quality broadcasters, attracting new talents, enhancing content and improving user experience through innovative technologies such as AI and big data tools. Leveraging our expertise and competitive advantages, we are confident in establishing a sustainable and clearly differentiated model that delivers an unparalleled gaming experience while broadening the industry landscape.

 

We are particularly encouraged by the progress of AI Vista, our AIGC-driven creative community. By the end of Q2, the app had accumulated a vast number of AI-generated images and videos created through our growing library of styles and templates. This performance reflects the strength of our product roadmap and our ability to deliver differentiated user experiences.

 

Additionally, we remain firmly committed to our global expansion strategy, focusing resources on new markets to broaden our user base and diversify revenue streams. We will further enhance our business with our AI Performer technology — enabling real-time, interactive digital humans designed for both consumer and enterprise applications.

 

Looking ahead, we will continue to steadily and methodically scale our live streaming business, AI Vista, Beelive, and global content businesses around a unifying theme: ‘AI for Everyday Life.’ We are confident these initiatives will deliver durable returns and further strengthen the foundation for sustainable, profitable growth.”

 

Mr. Denny Tang, Chief Financial Officer of Scienjoy, added, “Our first-half 2025 results underscore both strategic resilience and financial discipline. Higher gross margin confirm that tighter cost controls and a refined, high-value user mix continue to drive operating efficiency. The decline in net income is purely the result of the accounting impact of the investment revaluation and does not affect cash generation or day-to-day operations.

 

With cash reserves increasing, we retain ample liquidity to fund innovation and expansion. Going forward, we strive to stay focused on executing our strategic priorities and investing in content, technology, and global reach to deliver high-quality growth and long-term shareholder value.”

 

Second Quarter 2025 Financial Results

 

Total revenues decreased to RMB349.0 million (US$48.7 million) for the three months ended June 30, 2025 from RMB374.8 million in the same period of 2024, primarily caused by a decrease in paying users due to competitive landscape of China’s mobile live streaming market. Total paying users were 165,239 for the three months ended June 30, 2025, as compared to 189,860 in the same period of 2024.

 

Cost of revenues decreased to RMB285.4 million (US$39.8 million) for the three months ended June 30, 2025 from RMB310.1 million in the same period of 2024. The decrease was primarily attributable to a decrease of RMB33.1 million in the Company’s revenue sharing fees, partially offset by an increase of RMB7.6 million in the Company’s user acquisition costs.

 

Gross profit decreased to RMB63.7 million (US$8.9 million) for the three months ended June 30, 2025 from RMB64.7 million in the same period of 2024. Gross margin increased to 18.2% for the three months ended June 30, 2025 from 17.3% in the same period of 2024 due to higher average live streaming revenue per paying user (“ARPPU”) and lower revenue sharing fees during the three months ended June 30, 2025, showing the Company’s effectiveness in converting high-quality paying user to its gross margin growth.

 

Total operating expenses increased by 11.8% to RMB40.4 million (US$5.6 million) for the three months ended June 30, 2025 from RMB36.1 million in the same period of 2024.

 

  ● Sales and marketing expenses increased by 587.3% to RMB1.3 million (US$0.2 million) for the three months ended June 30, 2025 from RMB0.2 million in the same period of 2024, primarily attributable to more sales and marketing activities.

 

2

 

 

  ● General and administrative expenses increased by 26.3% to RMB21.0 million (US$2.9 million) for the three months ended June 30, 2025 from RMB16.7 million in the same period of 2024, primarily caused by an increase of RMB4.1 million in professional consulting fee.

 

  ● Research and development expenses decreased to RMB17.4 million (US$2.4 million) from RMB17.5 million for the three months ended June 30, 2025 and 2024.

 

  ● Provision for credit losses decreased to RMB0.6 million (US$0.1 million) for the three months ended June 30, 2025 from RMB1.8 million in the same period of 2024 due to improvement of collection in the second quarter of 2025.

 

Income from operations decreased to RMB23.3 million (US$3.2 million) for the three months ended June 30, 2025 from RMB28.6 million in the same period of 2024.

 

Change in fair value of investment in marketable security was a loss of RMB6.8 million (US$0.9 million) for the three months ended June 30, 2025, as compared with a gain of RMB7.0 million in the same period of 2024. The change was primarily attributable to the fair value changes in investments in a publicly traded company. 

 

Investment loss decreased to RMB0.6 million (US$0.1 million) for the three months ended June 30, 2025 from RMB1.1 million in the same period of 2024. The investment loss was primarily attributable to one-time share of unrealized loss in the long-term investments. 

 

Interest income, net increased by 1.8% to RMB0.5 million for the three months ended June 30, 2025 from RMB0.4 million in the same period of 2024. The increase was primarily due to increased cash balance.

 

Other income, net increased by 1,228.5% to RMB7.6 million for the three months ended June 30, 2025 from RMB0.6 million in the same period of 2024. The increase was primarily due to increased government subsidies. There is no assurance that the Company will continue to receive these subsidies in the future.

 

Foreign exchange loss, net was RMB1.6 million (US$0.2 million) for the three months ended June 30, 2025, as compared to a foreign exchange gain of RMB1.0 million in the same period of 2024.

 

Income tax benefit was RMB0.3 million (US$0.04 million) for the three months ended June 30, 2025, as compared to an income tax expense of RMB3.0 million in the same period of 2024.

 

Net income decreased to RMB22.7 million (US$3.2 million) for the three months ended June 30, 2025 from RMB33.4 million in the same period of 2024 as a result of the foregoing.

 

Net income attributable to the Company’s shareholders decreased to RMB22.6 million (US$3.2 million) for the three months ended June 30, 2025 from RMB35.3 million in the same period of 2024.

 

Adjusted net income attributable to the Company’s shareholders decreased to RMB24.9 million (US$3.5 million) for the three months ended June 30, 2025 from RMB38.5 million in the same period of 2024. 

 

Basic and diluted net income per ordinary share was RMB0.54 (US$0.08) and RMB0.54 (US$0.08) for the three months ended June 30, 2025, respectively. In comparison, basic and diluted net income per ordinary share was RMB0.86 and RMB0.85 in the same period of 2024, respectively.

 

Adjusted basic and diluted net income per ordinary share was RMB0.60 (US$0.08) and RMB0.60 (US$0.08) for the three months ended June 30, 2025, respectively. In comparison, adjusted basic and diluted net income per ordinary share was RMB0.94 and RMB0.93 in the same period of 2024, respectively.

 

3

 

 

First Half 2025 Financial Results

 

Total net revenues decreased to RMB656.4 million (US$91.6 million) for the six months ended June 30, 2025 from RMB691.1 million in the same period of 2024, primarily caused by decrease of paying users due to competitive landscape of China’s mobile live streaming market. Total paying users were 253,888 for the six months ended June 30, 2025, compared to 284,076 in the same period of 2024. 

 

Cost of revenues decreased to RMB533.2 million (US$74.4 million) for the six months ended June 30, 2025 from RMB573.3 million in the same period of 2024. The decrease was primarily attributable to a decrease of RMB56.0 million in the Company’s revenue sharing fees, partially offset by an increase of RMB14.6 million in the Company’s user acquisition costs. 

 

Gross profit increased by 4.6% to RMB123.2 million (US$17.2 million) for the six months ended June 30, 2025 from RMB117.8 million in the same period of 2024. The gross margin increased to 18.8% for the six months ended June 30, 2025 from 17.0% in the same period of 2024 due to higher ARPPU and lower revenue sharing fees during the six months ended June 30, 2025, showing the Company’s effectiveness in converting high-quality paying user to its profit growth.

 

Total operating expenses increased by 9.2% to RMB86.2 million (US$12.0 million) for the six months ended June 30, 2025 from RMB78.9 million in the same period of 2024.

 

  ● Sales and marketing expenses increased by 56.7% to RMB3.4 million (US$0.5 million) for the six months ended June 30, 2025 from RMB2.2 million in the same period of 2024, primarily attributable to more sales and marketing activities.

 

  ● General and administrative expenses increased by 21.3% to RMB44.4 million (US$6.2 million) for the six months ended June 30, 2025 from RMB36.6 million in the same period of 2024. The increase was primarily due to an increase of RMB6.9 million in professional consulting fee and RMB2.7 million in employee salary and welfare, partially offset by a decrease of RMB0.6 million in entertainment expenses and a decrease of RMB0.5 million in share-based compensation.

 

  ● Research and development expenses decreased to RMB37.0 million (US$5.2 million) from RMB39.1 million for the six months ended June 30, 2025 and 2024, due to a decrease of RMB4.8 million in employee salary and welfare, offset by an increase of RMB2.4 million in technical service fee.

 

  ● Provision for credit losses increased by 24.3% to RMB1.4 million (US$0.2 million) for the six months ended June 30, 2025 from RMB1.1 million in the same period of 2024, due to overall slow collection for the six months ended June 30, 2025.

 

Income from operations decreased to RMB37.0 million (US$5.2 million) for the six months ended June 30, 2025 from RMB38.9 million in the same period of 2024.

 

Change in fair value of investment in marketable security was a loss of RMB31.1 million (US$4.3 million) for the six months ended June 30, 2025, as compared with a gain of RMB3.8 million in the same period of 2024. The change was primarily attributable to the fair value changes in investments in publicly traded company. 

 

Investment loss decreased to RMB1.0 million (US$0.1 million) for the six months ended June 30, 2025 from RMB3.4 million in the same period of 2024. The investment loss was primarily attributable to one-time share of unrealized loss in the long-term investments. 

 

Interest income, net decreased to RMB1.0 million (US$0.1million) for the six months ended June 30, 2025 from RMB2.4 million in the same period of 2024. The decrease was primarily due to lower interest rate.

 

Other income, net increased by 1,218.6% to RMB9.1 million (US$1.3 million) for the six months ended June 30, 2025 from RMB0.7 million in the same period of 2024. The increase was primarily due to increased government subsidies and one-time compensation income. There is no assurance that the Company will continue to receive these subsidies in the future.

 

4

 

 

Foreign exchange loss, net was RMB2.6 million (US$0.4 million) for the six months ended June 30, 2025, as compared to foreign exchange gain of RMB1.5 million in the same period of 2024.

 

Income tax expense decreased to RMB2.6 million for the six months ended June 30, 2025 from RMB7.7 million in the same period of 2024 due to decreased taxable income. 

 

Net income decreased to RMB9.7 million (US$1.4 million) for the six months ended June 30, 2025 from of RMB36.2 million in the same period of 2024 as a result of the foregoing. 

 

Net income attributable to the Company’s shareholders decreased to RMB13.5 million (US$1.9 million) for the six months ended June 30, 2025 from RMB41.9 million in the same period of 2024.

 

Adjusted net income attributable to the Company’s shareholders decreased to RMB19.4 million (US$2.7 million) for the six months ended June 30, 2025 from RMB47.5 million in the same period of 2024. 

 

Basic and diluted net income per ordinary share was RMB0.32 (US$0.05) and RMB0.32 (US$0.05) for the six months ended June 30, 2025, respectively. In comparison, basic and diluted net income per ordinary share was RMB1.02 and RMB1.01 in the same period of 2024, respectively.

 

Adjusted basic and diluted net income per ordinary share was RMB0.47 (US$0.07) and RMB0.47 (US$0.07) for the six months ended June 30, 2025., respectively. In comparison, adjusted basic and diluted net income per ordinary share was RMB1.16 and RMB1.15 in the same period of 2024, respectively.

 

As of June 30, 2025, the Company had cash and cash equivalent balance of RMB298.5 million (US$41.7 million), which represented an increase of RMB46.0 million from RMB252.5 million as of December 31, 2024. 

 

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 U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to its most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or superior to, such metrics in accordance with US GAAP.

 

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 U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.1636 to US$1.00, the noon buying rate in effect on June 30, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB amounts could have been, or could be, converted, realized or settled in U.S. dollars at that rate on June 30, 2025, or at any other rate.

 

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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

 

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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 

(All amounts in thousands, except share and per share data or otherwise stated)

 

  

As of
December 31,

   As of
June 30,		 
   2024   2025   2025 
   RMB   RMB   US$ 
ASSETS            
Current assets            
Cash and cash equivalents   252,540    298,490    41,668 
Accounts receivable, net   226,060    222,704    31,088 
Prepaid expenses and other current assets   28,415    29,080    4,059 
Amounts due from related parties   -    100    14 
Investment in marketable security   37,629    6,537    913 
Total current assets   544,644    556,911    77,742 
                
Non-current assets               
Property and equipment, net   1,981    1,507    210 
Intangible assets, net   405,256    401,786    56,087 
Goodwill   182,661    183,138    25,565 
Long term investments   257,387    262,214    36,604 
Long term deposits and other assets   906    839    117 
Right-of-use assets-operating lease   4,845    17,795    2,484 
Deferred tax assets   7,505    7,613    1,063 
Total non-current assets   860,541    874,892    122,130 
TOTAL ASSETS   1,405,185    1,431,803    199,872 
                
LIABILITIES AND SHAREHOLDERS’ EQUITY               
Current liabilities               
Accounts payable   36,015    39,041    5,450 
Accrued salary and employee benefits   22,346    10,382    1,449 
Accrued expenses and other current liabilities   6,840    4,602    642 
Income tax payable   11,284    12,364    1,726 
Lease liabilities-operating lease -current   4,098    4,612    644 
Deferred revenue   80,186    89,198    12,452 
Total current liabilities   160,769    160,199    22,363 
                
Non-current liabilities               
Deferred tax liabilities   58,400    57,691    8,053 
Lease liabilities-operating lease -non-current   700    11,956    1,669 
Total non-current liabilities   59,100    69,647    9,722 
TOTAL LIABILITIES   219,869    229,846    32,085 
                
Commitments and contingencies               
                
EQUITY               
Ordinary share, no par value, unlimited Class A ordinary shares and Class B ordinary shares authorized, 38,922,726 Class A ordinary shares and 2,925,058 Class B ordinary shares issued and outstanding as of December 31, 2024, respectively; 39,412,710 Class A ordinary shares and 2,925,058 Class B ordinary shares issued and outstanding as of June 30, 2025, respectively.               
Class A ordinary shares   444,162    450,059    62,826 
Class B ordinary shares   23,896    23,896    3,336 
Shares to be issued   20,817    20,817    2,906 
Treasury stocks   (19,952)   (19,952)   (2,785)
Statutory reserves   50,705    51,195    7,147 
Retained earnings   662,499    675,502    94,296 
Accumulated other comprehensive income   16,967    17,792    2,483 
Total shareholders’ equity   1,199,094    1,219,309    170,209 
Non-controlling interests   (13,778)   (17,352)   (2,422)
Total equity   1,185,316    1,201,957    167,787 
TOTAL LIABILITIES AND EQUITY   1,405,185    1,431,803    199,872 

 

7

 

 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

 

(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, 
   2024   2025   2025   2024   2025   2025 
   RMB   RMB   US$   RMB   RMB   US$ 
Livestreaming - consumable virtual items revenue   362,293    335,610    46,849    671,308    630,084    87,956 
Livestreaming - time based virtual items revenue   6,542    4,400    614    12,516    9,258    1,292 
Technical services and others   6,005    9,022    1,259    7,315    17,025    2,377 
Total revenues   374,840    349,032    48,722    691,139    656,367    91,625 
Cost of revenues   (310,117)   (285,353)   (39,834)   (573,329)   (533,195)   (74,431)
Gross profit   64,723    63,679    8,888    117,810    123,172    17,194 
Operating expenses                              
Sales and marketing expenses   (189)   (1,299)   (181)   (2,177)   (3,412)   (476)
General and administrative expenses   (16,650)   (21,027)   (2,935)   (36,580)   (44,379)   (6,195)
Research and development expenses   (17,534)   (17,437)   (2,434)   (39,061)   (36,999)   (5,165)
Provision for credit losses   (1,769)   (646)   (90)   (1,126)   (1,400)   (195)
Total operating expenses   (36,142)   (40,409)   (5,640)   (78,944)   (86,190)   (12,031)
Income from operations   28,581    23,270    3,248    38,866    36,982    5,163 
Change in fair value of investment in marketable security   6,991    (6,758)   (943)   3,764    (31,092)   (4,340)
Investment loss   (1,114)   (559)   (78)   (3,354)   (971)   (136)
Interest income, net   449    457    64    2,428    996    139 
Other income, net   575    7,639    1,066    688    9,072    1,266 
Foreign exchange gain (loss), net   974    (1,614)   (225)   1,508    (2,630)   (367)
Income before income taxes   36,456    22,435    3,132    43,900    12,357    1,725 
Income tax (expenses) benefits   (3,035)   272    38    (7,673)   (2,608)   (364)
Net income   33,421    22,707    3,170    36,227    9,749    1,361 
Less: net (loss) income attributable to noncontrolling interest   (1,919)   124    17    (5,693)   (3,744)   (523)
Net income attributable to the Company’s shareholders   35,340    22,583    3,153    41,920    13,493    1,884 
                               
Other comprehensive (loss) income:                              
Other comprehensive (loss) income - foreign currency translation adjustment   (172)   672    94    (608)   995    139 
Comprehensive income   33,249    23,379    3,264    35,619    10,744    1,500 
Less: comprehensive (loss) income attributable to non-controlling interests   (1,919)   343    48    (5,693)   (3,574)   (499)
Comprehensive income attributable to the Company’s shareholders   35,168    23,036    3,216    41,312    14,318    1,999 
                               
Weighted average number of shares                              
Basic   41,164,872    41,591,911    41,591,911    41,164,872    41,578,079    41,578,079 
Diluted   41,334,310    41,669,236    41,669,236    41,461,415    41,655,404    41,655,404 
Earnings per share                              
Basic   0.86    0.54    0.08    1.02    0.32    0.05 
Diluted   0.85    0.54    0.08    1.01    0.32    0.05 

 

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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, 
   2024   2025   2025   2024   2025   2025 
   RMB   RMB   US$   RMB   RMB   US$ 
Net income attributable to the Company’s shareholders   35,340    22,583    3,153    41,920    13,493    1,884 
Less:                              
Share based compensation   (3,194)   (2,322)   (324)   (5,629)   (5,897)   (823)
Adjusted net income attributable to the Company’s shareholders*   38,534    24,905    3,477    47,549    19,390    2,707 
Adjusted net income attributable to the Company’s shareholders per ordinary share*                              
Basic   0.94    0.60    0.08    1.16    0.47    0.07 
Diluted   0.93    0.60    0.08    1.15    0.47    0.07 

 

“Adjusted net income attributable to the Company’s shareholders” is defined as net income attributable to the Company’s shareholders excluding share-based compensation. For more information, refer to “Use of Non-GAAP Financial Measures” and “Reconciliations of Non-GAAP Results” at the end of this press release.

 

 

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