Scienjoy Holding Corp Stock Price, News & Analysis

Scienjoy Holding (NASDAQ: SJ) reported strong financial results for the nine months ended September 30, 2024. Despite a slight decrease in total revenues to RMB1,012.5 million (US$144.3 million), the company achieved significant improvements in profitability metrics. Gross profit increased by 29.6% to RMB179.6 million, while income from operations surged by 313.7% to RMB35.3 million. The company turned around from a net loss of RMB37.3 million in 2023 to a net income of RMB34.2 million in 2024. Cash position strengthened to RMB217.3 million, up from RMB205.5 million at the end of 2023. The company expects Q4 2024 revenues between RMB300-330 million.

Scienjoy Holding (NASDAQ: SJ), a leading Chinese interactive entertainment company, has announced its participation in the LD Micro Main Event XVII. The event will take place from October 28-30, 2024, at the Luxe Sunset Boulevard Hotel in Los Angeles.

The company's presentation is scheduled for Tuesday, October 29, 2024, at 3:00 p.m. PST and will be available via live webcast. Key executives will engage in group presentations and private one-on-one meetings with analysts and investors on October 29 and 30. Interested parties can register to watch the presentation through the provided event website.

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), a leading interactive entertainment company in China, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received official notification from Nasdaq on August 19, 2024, confirming that its Class A ordinary shares had maintained a closing bid price of $1.00 or higher for ten consecutive business days from August 5 through August 16, 2024. This development ensures Scienjoy's continued listing on the Nasdaq Stock Market, providing stability for investors and reaffirming the company's position in the public markets.

Scienjoy Holding (NASDAQ: SJ) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's closing bid price for its Class A ordinary shares was below $1.00 for 30 consecutive business days from June 18 to July 31, 2024. Scienjoy has been granted a 180-day compliance period until January 28, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.

If Scienjoy fails to meet this requirement by the deadline, it may be eligible for an additional 180-day grace period, provided it meets other Nasdaq Capital Market listing standards and expresses intention to cure the deficiency. The notification has no immediate impact on Scienjoy's listing, and its shares will continue to trade on Nasdaq under the ticker SJ.

Scienjoy Holding (NASDAQ: SJ), a leader in Chinese interactive entertainment, reported its unaudited financial results for Q1 2024. Revenues grew by 3.9% to RMB316.3 million (US$43.8 million), with gross profit up 32.4% to RMB53.1 million (US$7.4 million). The company's income from operations surged 109.6% to RMB10.3 million (US$1.4 million), and net income reached RMB2.8 million (US$0.4 million), reversing a net loss of RMB5.5 million from Q1 2023. Notably, net income attributable to shareholders was RMB6.6 million (US$0.9 million), compared to a net loss of RMB3.2 million in Q1 2023. Adjusted net income for shareholders rose 73.6% to RMB9.0 million (US$1.3 million). However, operating expenses increased by 21.6% to RMB42.8 million (US$5.9 million). The company holds RMB206.2 million (US$28.6 million) in cash and projects Q2 2024 revenues between RMB354 million and RMB374 million.