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Scienjoy Holding Corporation (NASDAQ: SJ) is a prominent live streaming and interactive entertainment company based in China. The company operates several online live-streaming brands such as Showself, Lehai, Haixiu, and BeeLive, reaching a wide audience across its own mobile applications.
Scienjoy's platforms facilitate real-time interaction by allowing users to engage with professional broadcasters through live streams, private chats, and comments. Users can also share and view photos, play games, and use virtual currencies within the video rooms. This unique blend of social media and entertainment has attracted over 300 million registered users.
The company is making significant strides in the metaverse. It is integrating AI and cutting-edge AIGC technology to create immersive experiences. Scienjoy has established business operations in Dubai, including a strategic investment in DVCC TECHNOLOGY L.L.C, a metaverse innovator.
Financially, Scienjoy has demonstrated resilience and adaptation amidst a competitive market. In the first quarter of 2024, the company reported a total revenue increase of 3.9% to RMB316.3 million. Gross profit rose by 32.4%, and the adjusted net income attributable to shareholders increased by 73.6%, highlighting the effectiveness of its strategic initiatives.
Looking ahead, Scienjoy aims to expand its global presence, beginning with the dynamic Middle East and North Africa (MENA) region. Its goals include enhancing user engagement, diversifying revenue streams, and optimizing platforms through continued investment in research and development.
With a clear vision of shaping a metaverse lifestyle, Scienjoy is positioned to redefine entertainment and create significant value for its shareholders.
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.
Scienjoy Holding , a leading interactive entertainment company in China, reported its fiscal year 2023 financial results. Total revenues decreased to RMB1,464.9 million, gross profit declined to RMB192.7 million, and income from operations decreased to RMB22.8 million. The net loss attributable to shareholders was RMB30.8 million. The company had cash and cash equivalents of RMB205.5 million and total paying users were 557,692 in 2023. The company's strategic initiatives in the metaverse and AI technologies aim for long-term growth.
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