Scienjoy Holding Corporation Reports Second Quarter and First Half 2026 Unaudited Financial Results
First-half shareholder net income rose 48.0%, even as revenue and operating income declined.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Scienjoy (NASDAQ: SJ) reported unaudited second-quarter 2026 results, with revenue declining to RMB305.4 million as its paying-user base contracted. Revenue was RMB349.0 million a year earlier, while net income attributable to shareholders fell to RMB11.1 million from RMB22.6 million. Paying users declined to 125,028 from 165,239, despite higher average livestreaming revenue per paying user.
For the six months ended June 30, 2026, revenue fell to RMB588.1 million from RMB656.4 million, and operating income declined to RMB24.1 million from RMB37.0 million. However, shareholder net income increased 48.0% to RMB20.0 million. Cash and cash equivalents reached RMB329.9 million, versus RMB307.7 million at year-end 2025. Scienjoy also entered an enterprise technology channel partnership and plans to accelerate AI commercialization and international expansion.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointFirst-half 2026 shareholder net income rose 48.0% to RMB20.0 million from RMB13.5 million a year earlier.
- Moderate pointSecond-quarter average livestreaming revenue per paying user increased to RMB2,353 from RMB2,058 a year earlier.
- Minor pointFirst-half 2026 net income increased 92.7% to RMB18.8 million from RMB9.7 million a year earlier.
- Minor pointCash and cash equivalents reached RMB329.9 million at June 30, 2026, versus RMB307.7 million at year-end 2025.
- Minor pointFirst-half average livestreaming revenue per paying user increased to RMB2,908 from RMB2,518 a year earlier.
18 minor points
- Minor pointSecond-quarter cost of revenue decreased to RMB250.1 million from RMB285.4 million a year earlier.
- Minor pointFirst-half cost of revenue decreased to RMB482.6 million from RMB533.2 million a year earlier.
- Minor pointSecond-quarter sales and marketing expenses fell to RMB1.0 million from RMB1.3 million a year earlier.
- Minor pointFirst-half sales and marketing expenses fell to RMB1.9 million from RMB3.4 million a year earlier.
- Minor pointSecond-quarter general and administrative expenses fell to RMB17.3 million from RMB21.0 million a year earlier.
- Minor pointFirst-half general and administrative expenses fell to RMB35.7 million from RMB44.4 million a year earlier.
- Minor pointSecond-quarter credit-loss reversal was RMB0.7 million, versus a RMB0.6 million allowance a year earlier.
- Minor pointFirst-half credit-loss reversal was RMB0.7 million, versus a RMB1.4 million allowance a year earlier.
- Minor pointSecond-quarter investment loss narrowed to RMB0.2 million from RMB0.6 million a year earlier.
- Minor pointFirst-half investment loss narrowed to RMB0.07 million from RMB1.0 million a year earlier.
- Minor pointSecond-quarter net interest income increased 202.4% to RMB1.4 million from RMB0.5 million a year earlier.
- Minor pointFirst-half net interest income increased 105.0% to RMB2.0 million from RMB1.0 million a year earlier.
- Minor pointSecond-quarter foreign-exchange loss narrowed to RMB0.2 million from RMB1.6 million a year earlier.
- Minor pointFirst-half foreign-exchange loss narrowed to RMB0.5 million from RMB2.6 million a year earlier.
- Minor pointSecond-quarter income tax benefit increased 793.8% to RMB2.4 million from RMB0.3 million a year earlier.
- Minor pointFirst-half income tax expense decreased to RMB0.5 million from RMB2.6 million a year earlier.
- Minor point. Forward-looking: it has not happened yet and may not happen.Enterprise technology channel partnership signed; Scienjoy expects it to support AI Vista Live deployment across East and Southeast Asia.
- Minor point. Forward-looking: it has not happened yet and may not happen.Scienjoy plans to accelerate AI commercialization and expand its international footprint.
Negative
- Moderate pointSecond-quarter 2026 revenue declined to RMB305.4 million from RMB349.0 million a year earlier.
- Moderate pointSecond-quarter paying users fell to 125,028 from 165,239 a year earlier.
- Moderate pointSecond-quarter gross profit declined to RMB55.4 million from RMB63.7 million a year earlier.
- Moderate pointSecond-quarter operating income fell to RMB12.8 million from RMB23.3 million a year earlier.
- Moderate pointSecond-quarter shareholder net income fell to RMB11.1 million from RMB22.6 million a year earlier.
- Moderate pointSecond-quarter research and development expenses increased 43.2% to RMB25.0 million from RMB17.4 million a year earlier.
- Moderate pointSecond-quarter net other expenses were RMB1.1 million, versus RMB7.6 million net other income a year earlier.
10 minor points
- Minor pointFirst-half 2026 revenue declined to RMB588.1 million from RMB656.4 million a year earlier.
- Minor pointFirst-half paying users decreased approximately 23% to 196,374, versus 253,888 a year earlier.
- Minor pointFirst-half gross profit declined to RMB105.5 million from RMB123.2 million a year earlier.
- Minor pointSecond-quarter gross margin declined to 18.1% from 18.2% a year earlier.
- Minor pointFirst-half gross margin declined to 17.9% from 18.8% a year earlier.
- Minor pointFirst-half operating income fell to RMB24.1 million from RMB37.0 million a year earlier.
- Minor pointSecond-quarter net income fell to RMB11.2 million from RMB22.7 million a year earlier.
- Minor pointSecond-quarter basic and diluted earnings per ordinary share each fell to RMB0.26 from RMB0.54 a year earlier.
- Minor pointFirst-half research and development expenses increased 20.5% to RMB44.6 million from RMB37.0 million a year earlier.
- Minor pointFirst-half net other expense was RMB1.0 million, versus RMB9.1 million net other income a year earlier.
Key Figures
- Q2 revenue
- RMB305.4 million (US$45.0 million), down from RMB349.0 million
- Three months ended June 30, 2026, versus the same period in 2025
- Q2 net income attributable to shareholders
- RMB11.1 million (US$1.6 million), down from RMB22.6 million
- Three months ended June 30, 2026, versus the same period in 2025
- Q2 gross margin
- 18.1%, down from 18.2%
- Three months ended June 30, 2026, versus the same period in 2025
- First-half revenue
- RMB588.1 million (US$86.7 million), down from RMB656.4 million
- Six months ended June 30, 2026, versus the same period in 2025
- First-half net income attributable to shareholders
- RMB20.0 million (US$2.9 million), up from RMB13.5 million
- Six months ended June 30, 2026, versus the same period in 2025
- First-half adjusted net income attributable to shareholders
- RMB22.3 million (US$3.3 million), up from RMB19.4 million
- Six months ended June 30, 2026, versus the same period in 2025
- Cash and cash equivalents
- RMB329.9 million (US$48.6 million), up RMB22.3 million from RMB307.7 million
- As of June 30, 2026, compared with December 31, 2025
Previous Earnings Reports
-
Net income returned to profit despite lower revenue.
-
Q2 revenue and net income declined year over year.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
arppu financial
non-gaap financial measures financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Second Quarter 2026 Operating and Financial Summaries
- Total revenue decreased to
RMB305.4 million (US ) for the three months ended June 30, 2026 from$45.0 million RMB349.0 million in the same period of 2025. - Gross profit decreased to
RMB55.4 million (US ) for the three months ended June 30, 2026 from$8.2 million RMB63.7 million in the same period of 2025. Gross margin decreased slightly to18.1% for the three months ended June 30, 2026 from18.2% in the same period of 2025. - Income from operations decreased to
RMB12.8 million (US ) for the three months ended June 30, 2026 from$1.9 million RMB23.3 million in the same period of 2025. - Net income decreased to
RMB11.2 million (US ) for the three months ended June 30, 2026 from$1.7 million RMB22.7 million in the same period of 2025. - Net income attributable to the Company's shareholders decreased to
RMB11.1 million (US ) for the three months ended June 30, 2026 from$1.6 million RMB22.6 million in the same period of 2025. - Adjusted net income attributable to the Company's shareholders decreased to
RMB12.9 million (US ) for the three months ended June 30, 2026 from$1.9 million RMB24.9 million in the same period of 2025.
First Half 2026 Operating and Financial Summaries
- Total revenue decreased to
RMB588.1 million (US ) for the six months ended June 30, 2026 from$86.7 million RMB656.4 million in the same period of 2025. - Gross profit decreased to
RMB105.5 million (US ) for the six months ended June 30, 2026 from$15.6 million RMB123.2 million in the same period of 2025. Gross margin decreased to17.9% for the six months ended June 30, 2026 from18.8% in the same period of 2025. - Income from operations decreased to
RMB24.1 million (US ) for the six months ended June 30, 2026 from$3.5 million RMB37.0 million in the same period of 2025. - Net income increased by
92.7% toRMB18.8 million (US ) for the six months ended June 30, 2026 from$2.8 million RMB9.7 million in the same period of 2025. - Net income attributable to the Company's shareholders increased by
48.0% toRMB20.0 million (US ) for the six months ended June 30, 2026 from$2.9 million RMB13.5 million in the same period of 2025. - Adjusted net income attributable to the Company's shareholders increased by
15.1% toRMB22.3 million (US ) for the six months ended June 30, 2026 from$3.3 million RMB19.4 million in the same period of 2025. - As of June 30, 2026, the Company had
RMB329.9 million (US ) in cash and cash equivalents, which represented an increase of$48.6 million RMB22.3 million fromRMB307.7 million as of December 31, 2025.
Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented, "The first half of 2026 marked continued progress in executing our AI-driven growth strategy. While maintaining a resilient livestreaming business, we further advanced the commercialization of our AI technologies across our existing business ecosystem and new industry applications.
"A key milestone during the period was the continued expansion of AI Vista Live (AI Performer), our flagship AI platform for real-time interactive digital humans serving both consumer and enterprise markets. By integrating AI technology into our core livestreaming business, we are enhancing operational efficiency, and unlocking new monetization opportunities for AI-powered services, particularly through forward deployed engineer (FDE) solutions that embed our AI engines directly within customers' organization to address real-world operational needs. During this transformation, we also achieved meaningful progress in our global expansion. Building on our growing AI ecosystem in
"Beyond livestreaming, we are steadily extending our AI capabilities into the education sector, with solutions designed to support course content development, administrative system management, and the organization and utilization of teaching and research outcomes. These initiatives reflect our broader strategy of translating AI capabilities into practical solutions for diverse enterprise and institutional needs.
"Looking ahead, we remain focused on accelerating commercialization, expanding our international footprint, and broadening the application of our AI solutions across industries and business scenarios. By leveraging our established industry expertise and technology capabilities, we aim to build a scalable, AI-driven business platform and create sustainable, long-term value for our shareholders."
Mr. Denny Tang, Chief Financial Officer of Scienjoy, added, "Our financial strategy continues to emphasize disciplined capital allocation, operational efficiency, sustainable profitability, and long-term value creation. At the same time, we have maintained strategic investment in AI innovation and global commercialization while exercising prudent expense management. These efforts contributed to a
"Moving forward, we believe our strong technology capabilities, disciplined financial management, and healthy balance sheet provide the flexibility to support future growth initiatives while maintaining operational resilience. With cash and cash equivalents increasing by
Second Quarter 2026 Financial Results
Total revenue decreased to RMB305.4 million (
Cost of revenue decreased to RMB250.1 million (
Gross profit decreased to RMB55.4 million (
Total operating expenses increased by
- Sales and marketing expenses decreased to
RMB1.0 million (US ) for the three months ended June 30, 2026 from$0.2 million RMB1.3 million in the same period of 2025, primarily attributable to fewer sales and marketing activities. - General and administrative expenses decreased to
RMB17.3 million (US ) for the three months ended June 30, 2026 from$2.6 million RMB21.0 million in the same period of 2025, primarily caused by a decrease ofRMB2.0 million in professional consulting fee and a decrease ofRMB1.7 million in amortization of intangible assets. - Research and development expenses increased by
43.2% toRMB25.0 million (US ) for the three months ended June 30, 2026 from$3.7 million RMB17.4 million in the same period of 2025, due to an increase ofRMB6.2 million in employee salary and welfare and an increase ofRMB2.3 million in technical service fee, offset by a decrease ofRMB0.9 million in share-based compensation. - Reversal of credit losses was
RMB0.7 million (US ) for the three months ended June 30, 2026, as compared to allowance for credit losses of$0.1 million RMB0.6 million in the same period of 2025, due to improved collection.
Income from operations decreased to RMB12.8 million (
Change in fair value of investment in marketable security decreased to a loss of
Investment loss decreased to
Interest income, net increased by
Other expenses net was
Foreign exchange loss, net decreased to
Income tax benefit increased by
Net income decreased to RMB11.2 million (
Net income attributable to the Company's shareholders decreased to
Adjusted net income attributable to the Company's shareholders decreased to RMB12.9 million (
Basic and diluted net income per ordinary share was
Adjusted basic and diluted net income per ordinary share was
First Half 2026 Financial Results
Total revenues decreased to RMB588.1 million (
Cost of revenues decreased to RMB482.6 million (
Gross profit decreased to RMB105.5 million (
Total operating expenses decreased to RMB81.4 million (
- Sales and marketing expenses decreased to
RMB1.9 million (US ) for the six months ended June 30, 2026 from$0.3 million RMB3.4 million in the same period of 2025, primarily attributable to fewer sales and marketing activities. - General and administrative expenses decreased to
RMB35.7 million (US ) for the six months ended June 30, 2026 from$5.3 million RMB44.4 million in the same period of 2025. The decrease was primarily due to a decrease ofRMB5.0 million in professional consulting fee and a decrease ofRMB3.4 million in amortization of intangible assets. - Research and development expenses increased by
20.5% toRMB44.6 million (US ) for the six months ended June 30, 2026 from$6.6 million RMB37.0 million for the six months ended June 30, 2025, due to an increase ofRMB8.4 million in employee salary and welfare and an increase ofRMB2.6 million in technical service fee, offset by a decrease ofRMB3.1 million in share-based compensation. - Reversal for credit losses was
RMB0.7 million (US ) for the six months ended June 30, 2026, as compared to allowance for credit losses of$0.1 million RMB1.4 million in the same period of 2025, primarily due to improved collection.
Income from operations decreased to RMB24.1 million (
Change in fair value of investment in marketable security decreased to a loss of
Investment loss decreased to
Interest income, net increased by
Other expense, net was
Foreign exchange loss, net decreased to
Income tax expense decreased to
Net income increased by
Net income attributable to the Company's shareholders increased by
Adjusted net income attributable to the Company's shareholders increased by
Basic and diluted net income per ordinary share was
Adjusted basic and diluted net income per ordinary share was
As of June 30, 2026, the Company had cash and cash equivalent balance of
Use of Non-GAAP Financial Measures
Adjusted net income attributable to the Company's shareholders is calculated as net income attributable to the Company's shareholders adjusted for 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
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
Recent Developments
On July 1, 2026, the Company signed an investment agreement to invest up to
On July 26, 2026, the Company signed an investment agreement, pursuant to which it invested
On September 2, 2026, the Company entered a sale and purchase agreement (the "SPA" and the transaction as contemplated therein, the "Transaction"), through its wholly-owned subsidiary Scienjoy Innovation Labs Inc. ("Scienjoy Innovation", incorporated on July 16, 2026), to acquire 239,234,000 ordinary shares (the "Shares") of Leader Education Limited ("Leader Education", a listed company on the HKEX), an investment holding company that provides private higher education services in
About Scienjoy Holding Corporation
Scienjoy Holding Corporation ("Scienjoy" or the "Company", NASDAQ: SJ) is a technology company powered by a dual engine of "digital entertainment + enterprise AI solutions," with AI at the core of its business strategy. The Company has a long track record of providing digital entertainment services to global users, building extensive expertise in digital content, multimodal interaction, and business operations. Leveraging its foundational AI technologies and business agent engines, which have been validated through real-world applications, Scienjoy is extending its capabilities to enterprise customers across a range of industries. Through its forward deployed engineer (FDE) model, AI applications, and intelligent solutions, the Company integrates AI into real-world business processes and operational systems, transforming technological capabilities into tangible business value.
Looking ahead, Scienjoy aims to further strengthen its AI capabilities across the application, model, and computing layers, while driving the synergistic development of its consumer-facing (2C) and enterprise-facing (2B) businesses. By continuously expanding the practical applications of AI across industries and business scenarios, the Company seeks to build a scalable AI-driven business platform and extend the boundaries of AI commercialization.
For more information, please visit http://ir.scienjoy.com/.
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 the Company's 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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SCIENJOY HOLDING CORPORATION |
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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
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(All amounts in thousands, except share and per share data or otherwise stated) |
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As of |
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As of |
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2025 |
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2026 |
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2026 |
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RMB |
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RMB |
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US$ |
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ASSETS |
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Current assets |
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|
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|||
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Cash and cash equivalents |
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307,650 |
|
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|
329,927 |
|
|
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48,625 |
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Accounts receivable, net |
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|
43,290 |
|
|
|
45,518 |
|
|
|
6,709 |
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Due from a related party |
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|
100 |
|
|
|
- |
|
|
|
- |
|
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Investment in marketable security |
|
|
8,561 |
|
|
|
3,319 |
|
|
|
489 |
|
|
Prepaid expenses and other current assets |
|
|
23,607 |
|
|
|
27,719 |
|
|
|
4,085 |
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Total current assets |
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|
383,208 |
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|
406,483 |
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|
59,908 |
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|
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|
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Non-current assets |
|
|
|
|
|
|
|
|
|
|
|
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Property and equipment, net |
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|
2,244 |
|
|
|
1,941 |
|
|
|
286 |
|
|
Intangible assets, net |
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|
- |
|
|
|
4 |
|
|
|
1 |
|
|
Long term investments |
|
|
271,261 |
|
|
|
269,985 |
|
|
|
39,791 |
|
|
Long term deposits and other assets |
|
|
1,741 |
|
|
|
2,051 |
|
|
|
302 |
|
|
Right-of-use assets-operating lease |
|
|
14,695 |
|
|
|
21,262 |
|
|
|
3,134 |
|
|
Deferred tax assets |
|
|
37,288 |
|
|
|
37,257 |
|
|
|
5,491 |
|
|
Total non-current assets |
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|
327,229 |
|
|
|
332,500 |
|
|
|
49,005 |
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TOTAL ASSETS |
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|
710,437 |
|
|
|
738,983 |
|
|
|
108,913 |
|
|
|
|
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|
|
|
|
|
|
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LIABILITIES AND EQUITY |
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Current liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
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Accounts payable |
|
|
16,665 |
|
|
|
27,247 |
|
|
|
4,016 |
|
|
Deferred revenue |
|
|
50,464 |
|
|
|
52,509 |
|
|
|
7,738 |
|
|
Accrued salary and employee benefits |
|
|
15,184 |
|
|
|
10,065 |
|
|
|
1,483 |
|
|
Income tax payable |
|
|
10,899 |
|
|
|
10,054 |
|
|
|
1,482 |
|
|
Lease liabilities-operating lease -current |
|
|
3,641 |
|
|
|
6,273 |
|
|
|
925 |
|
|
Accrued expenses and other current liabilities |
|
|
9,728 |
|
|
|
10,245 |
|
|
|
1,510 |
|
|
Total current liabilities |
|
|
106,581 |
|
|
|
116,393 |
|
|
|
17,154 |
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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Non-current liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease liabilities-operating lease -non-current |
|
|
10,399 |
|
|
|
14,185 |
|
|
|
2,091 |
|
|
Total non-current liabilities |
|
|
10,399 |
|
|
|
14,185 |
|
|
|
2,091 |
|
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TOTAL LIABILITIES |
|
|
116,980 |
|
|
|
130,578 |
|
|
|
19,245 |
|
|
|
|
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|
|
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|
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Commitments and contingencies |
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EQUITY |
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Ordinary share, no par value, unlimited Class A ordinary shares and |
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|
|
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|
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|
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Class A ordinary shares |
|
|
451,666 |
|
|
|
474,831 |
|
|
|
69,981 |
|
|
Class B ordinary shares |
|
|
23,896 |
|
|
|
23,896 |
|
|
|
3,522 |
|
|
Shares to be issued |
|
|
20,817 |
|
|
|
- |
|
|
|
- |
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Treasury stocks |
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|
(19,952) |
|
|
|
(20,411) |
|
|
|
(3,008) |
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|
Statutory reserves |
|
|
34,091 |
|
|
|
35,181 |
|
|
|
5,185 |
|
|
Retained earnings |
|
|
92,024 |
|
|
|
110,901 |
|
|
|
16,345 |
|
|
Accumulated other comprehensive income |
|
|
12,867 |
|
|
|
6,930 |
|
|
|
1,021 |
|
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Total shareholders' equity |
|
|
615,409 |
|
|
|
631,328 |
|
|
|
93,046 |
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Non-controlling interests |
|
|
(21,952) |
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|
|
(22,923) |
|
|
|
(3,378) |
|
|
Total equity |
|
|
593,457 |
|
|
|
608,405 |
|
|
|
89,668 |
|
|
TOTAL LIABILITIES AND EQUITY |
|
|
710,437 |
|
|
|
738,983 |
|
|
|
108,913 |
|
|
SCIENJOY HOLDING CORPORATION |
||||||||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME |
||||||||||||
|
(All amounts in thousands, except share and per share data or otherwise stated) |
||||||||||||
|
|
||||||||||||
|
|
|
For the six months ended June 30, |
|
|||||||||
|
|
|
2025 |
|
|
2026 |
|
|
2026 |
|
|||
|
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
|||
|
Live streaming - consumable virtual items revenue |
|
|
630,084 |
|
|
|
564,951 |
|
|
|
83,263 |
|
|
Live streaming - time based virtual item revenue |
|
|
9,258 |
|
|
|
6,092 |
|
|
|
898 |
|
|
Technical services and others |
|
|
17,025 |
|
|
|
17,024 |
|
|
|
2,509 |
|
|
Total revenue |
|
|
656,367 |
|
|
|
588,067 |
|
|
|
86,670 |
|
|
Cost of revenue |
|
|
(533,195) |
|
|
|
(482,554) |
|
|
|
(71,120) |
|
|
Gross profit |
|
|
123,172 |
|
|
|
105,513 |
|
|
|
15,550 |
|
|
Sales and marketing expenses |
|
|
(3,412) |
|
|
|
(1,911) |
|
|
|
(282) |
|
|
General and administrative expenses |
|
|
(44,379) |
|
|
|
(35,651) |
|
|
|
(5,254) |
|
|
Research and development expenses |
|
|
(36,999) |
|
|
|
(44,599) |
|
|
|
(6,573) |
|
|
(Allowance for) reversal of credit losses |
|
|
(1,400) |
|
|
|
724 |
|
|
|
107 |
|
|
Income from operations |
|
|
36,982 |
|
|
|
24,076 |
|
|
|
3,548 |
|
|
Change in fair value of investment in marketable security |
|
|
(31,092) |
|
|
|
(5,242) |
|
|
|
(773) |
|
|
Investments loss |
|
|
(971) |
|
|
|
(70) |
|
|
|
(10) |
|
|
Interest income, net |
|
|
996 |
|
|
|
2,042 |
|
|
|
301 |
|
|
Other income (expenses), net |
|
|
9,072 |
|
|
|
(1,018) |
|
|
|
(150) |
|
|
Foreign exchange loss, net |
|
|
(2,630) |
|
|
|
(499) |
|
|
|
(74) |
|
|
Income before income taxes |
|
|
12,357 |
|
|
|
19,289 |
|
|
|
2,842 |
|
|
Income tax expense |
|
|
(2,608) |
|
|
|
(503) |
|
|
|
(74) |
|
|
Net income |
|
|
9,749 |
|
|
|
18,786 |
|
|
|
2,768 |
|
|
Less: net loss attributable to non-controlling interest |
|
|
(3,744) |
|
|
|
(1,181) |
|
|
|
(174) |
|
|
Net income attributable to the Company's shareholders |
|
|
13,493 |
|
|
|
19,967 |
|
|
|
2,942 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) - foreign currency translation adjustment |
|
|
995 |
|
|
|
(5,727) |
|
|
|
(844) |
|
|
Comprehensive income |
|
|
10,744 |
|
|
|
13,059 |
|
|
|
1,924 |
|
|
Less: comprehensive loss attributable to non-controlling interests |
|
|
(3,574) |
|
|
|
(971) |
|
|
|
(143) |
|
|
Comprehensive income attributable to the Company's shareholders |
|
|
14,318 |
|
|
|
14,030 |
|
|
|
2,067 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
41,578,079 |
|
|
|
41,987,039 |
|
|
|
41,987,039 |
|
|
Diluted |
|
|
41,655,404 |
|
|
|
41,987,039 |
|
|
|
41,987,039 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
0.32 |
|
|
|
0.48 |
|
|
|
0.07 |
|
|
Diluted |
|
|
0.32 |
|
|
|
0.48 |
|
|
|
0.07 |
|
|
SCIENJOY HOLDING CORPORATION |
||||||||||||||||||||||||||||||||||||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY |
||||||||||||||||||||||||||||||||||||||||
|
(All amounts in thousands, except share and per share data or otherwise stated) |
||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||
|
|
|
Ordinary shares |
|
|
Shares |
|
|
Treasury stocks |
|
|
Statutory |
|
|
Retained |
|
|
Accumulated |
|
|
Non- |
|
|
Total |
|
||||||||||||||||
|
|
|
Shares |
|
|
Amount |
|
|
issued |
|
|
shares |
|
|
Amount |
|
|
reserves |
|
|
earnings |
|
|
Income |
|
|
interests |
|
|
equity |
|
||||||||||
|
|
|
|
|
|
RMB |
|
|
RMB |
|
|
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
||||||||||
|
Balance as of December 31, 2024 |
|
|
41,847,784 |
|
|
|
468,058 |
|
|
|
20,817 |
|
|
|
(1,048,178) |
|
|
|
(19,952) |
|
|
|
50,705 |
|
|
|
662,499 |
|
|
|
16,967 |
|
|
|
(13,778) |
|
|
|
1,185,316 |
|
|
Net income |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
13,493 |
|
|
|
- |
|
|
|
(3,744) |
|
|
|
9,749 |
|
|
Share-based compensation |
|
|
489,984 |
|
|
|
5,897 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
5,897 |
|
|
Appropriation to statutory reserves |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
490 |
|
|
|
(490) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Foreign currency translation adjustments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
825 |
|
|
|
170 |
|
|
|
995 |
|
|
Balance as of June 30, 2025 |
|
|
42,337,768 |
|
|
|
473,955 |
|
|
|
20,817 |
|
|
|
(1,048,178) |
|
|
|
(19,952) |
|
|
|
51,195 |
|
|
|
675,502 |
|
|
|
17,792 |
|
|
|
(17,352) |
|
|
|
1,201,957 |
|
|
|
|
Ordinary shares |
|
|
Shares |
|
|
Treasury stocks |
|
|
Statutory |
|
|
Retained |
|
|
Accumulated |
|
|
Non- |
|
|
Total |
|
||||||||||||||||
|
|
|
Shares |
|
|
Amount |
|
|
issued |
|
|
shares |
|
|
Amount |
|
|
reserves |
|
|
earnings |
|
|
Income |
|
|
interests |
|
|
equity |
|
||||||||||
|
|
|
|
|
|
RMB |
|
|
RMB |
|
|
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
||||||||||
|
Balance as of December 31, 2025 |
|
|
42,462,768 |
|
|
|
475,562 |
|
|
|
20,817 |
|
|
|
(1,048,178) |
|
|
|
(19,952) |
|
|
|
34,091 |
|
|
|
92,024 |
|
|
|
12,867 |
|
|
|
(21,952) |
|
|
|
593,457 |
|
|
Net income |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
19,967 |
|
|
|
- |
|
|
|
(1,181) |
|
|
|
18,786 |
|
|
Share-based compensation |
|
|
298,428 |
|
|
|
2,348 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,348 |
|
|
Treasury stocks |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(89,952) |
|
|
|
(459) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(459) |
|
|
Appropriation to statutory reserves |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,090 |
|
|
|
(1,090) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Issuance of shares for acquisition of Weiliantong |
|
|
636,691 |
|
|
|
20,817 |
|
|
|
(20,817) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Foreign currency translation adjustments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(5,937) |
|
|
|
210 |
|
|
|
(5,727) |
|
|
Balance as of June 30, 2026 |
|
|
43,397,887 |
|
|
|
498,727 |
|
|
|
- |
|
|
|
(1,138,130) |
|
|
|
(20,411) |
|
|
|
35,181 |
|
|
|
110,901 |
|
|
|
6,930 |
|
|
|
(22,923) |
|
|
|
608,405 |
|
|
Balance as of June 30, 2026 (US$) |
|
|
43,397,887 |
|
|
|
73,503 |
|
|
|
- |
|
|
|
(1,138,130) |
|
|
|
(3,008) |
|
|
|
5,185 |
|
|
|
16,345 |
|
|
|
1,021 |
|
|
|
(3,378) |
|
|
|
89,668 |
|
|
SCIENJOY HOLDING CORPORATION |
||||||||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
||||||||||||
|
(All amounts in thousands, except share and per share data or otherwise stated) |
||||||||||||
|
|
||||||||||||
|
|
|
For the six months ended June 30, |
|
|||||||||
|
|
|
2025 |
|
|
2026 |
|
|
2026 |
|
|||
|
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
|||
|
Cash flows from operating activities |
|
|
|
|
|
|
|
|
|
|||
|
Net income |
|
|
9,749 |
|
|
|
18,786 |
|
|
|
2,768 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation of property and equipment |
|
|
724 |
|
|
|
570 |
|
|
|
84 |
|
|
Amortization of intangible assets |
|
|
3,480 |
|
|
|
- |
|
|
|
- |
|
|
Allowance for (reversal of) credit losses |
|
|
1,400 |
|
|
|
(724) |
|
|
|
(107) |
|
|
Loss from disposal of property and equipment |
|
|
1 |
|
|
|
- |
|
|
|
- |
|
|
Deferred tax (benefit) expense |
|
|
(831) |
|
|
|
8 |
|
|
|
1 |
|
|
Change in fair value of investment in marketable security |
|
|
31,092 |
|
|
|
5,242 |
|
|
|
773 |
|
|
Investments loss |
|
|
971 |
|
|
|
70 |
|
|
|
10 |
|
|
Share-based compensation |
|
|
5,897 |
|
|
|
2,348 |
|
|
|
346 |
|
|
Amortization of right-of-use assets-operating lease |
|
|
3,492 |
|
|
|
2,997 |
|
|
|
442 |
|
|
Changes in operating assets and liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
1,956 |
|
|
|
(3,582) |
|
|
|
(528) |
|
|
Prepaid expense and other current assets |
|
|
(3) |
|
|
|
(5,286) |
|
|
|
(779) |
|
|
Long term deposits and other assets |
|
|
67 |
|
|
|
(310) |
|
|
|
(46) |
|
|
Accounts payable |
|
|
3,028 |
|
|
|
10,584 |
|
|
|
1,560 |
|
|
Deferred revenue |
|
|
9,012 |
|
|
|
2,045 |
|
|
|
301 |
|
|
Accrued salary and employee benefits |
|
|
(12,132) |
|
|
|
(5,119) |
|
|
|
(754) |
|
|
Accrued expenses and other current liabilities |
|
|
(3,338) |
|
|
|
518 |
|
|
|
76 |
|
|
Income tax payable |
|
|
1,079 |
|
|
|
(845) |
|
|
|
(125) |
|
|
Lease liabilities-operating lease |
|
|
(4,672) |
|
|
|
(3,146) |
|
|
|
(464) |
|
|
Net cash provided by operating activities |
|
|
50,972 |
|
|
|
24,156 |
|
|
|
3,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash acquired from acquisition |
|
|
28 |
|
|
|
- |
|
|
|
- |
|
|
Payment for (receipts from) long term investments |
|
|
(6,000) |
|
|
|
632 |
|
|
|
93 |
|
|
Purchase of property and equipment and intangible assets |
|
|
(261) |
|
|
|
(276) |
|
|
|
(41) |
|
|
Net cash (used in) provided by investing activities |
|
|
(6,233) |
|
|
|
356 |
|
|
|
52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Advance to) proceeds from related parties |
|
|
(100) |
|
|
|
100 |
|
|
|
15 |
|
|
Share repurchase |
|
|
- |
|
|
|
(459) |
|
|
|
(68) |
|
|
Net cash used in financing activities |
|
|
(100) |
|
|
|
(359) |
|
|
|
(53) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
1,311 |
|
|
|
(1,876) |
|
|
|
(274) |
|
|
Net increase in cash and cash equivalents |
|
|
45,950 |
|
|
|
22,277 |
|
|
|
3,283 |
|
|
Cash and cash equivalents at beginning of the period |
|
|
252,540 |
|
|
|
307,650 |
|
|
|
45,342 |
|
|
Cash and cash equivalents at end of the period |
|
|
298,490 |
|
|
|
329,927 |
|
|
|
48,625 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosures of cash flow information: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes paid |
|
|
2,210 |
|
|
|
1,333 |
|
|
|
196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental non-cash investing and financing information: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Right-of-use assets-operating lease obtained in exchange for lease |
|
|
16,442 |
|
|
|
9,564 |
|
|
|
1,410 |
|
|
Issuance of Class A ordinary shares for acquisition |
|
|
- |
|
|
|
20,817 |
|
|
|
3,068 |
|
|
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, |
|
||||||
|
|
|
2025 |
|
|
2026 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2026 |
|
||||||
|
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
||||||
|
Net income attributable to the Company's shareholders |
|
|
22,583 |
|
|
|
11,092 |
|
|
|
1,635 |
|
|
|
13,493 |
|
|
|
19,967 |
|
|
|
2,942 |
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share based compensation |
|
|
(2,322) |
|
|
|
(1,810) |
|
|
|
(267) |
|
|
|
(5,897) |
|
|
|
(2,348) |
|
|
|
(346) |
|
|
Adjusted net income attributable to the Company's shareholders* |
|
|
24,905 |
|
|
|
12,902 |
|
|
|
1,902 |
|
|
|
19,390 |
|
|
|
22,315 |
|
|
|
3,288 |
|
|
Adjusted net income attributable to the Company's shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
0.60 |
|
|
|
0.31 |
|
|
|
0.05 |
|
|
|
0.47 |
|
|
|
0.53 |
|
|
|
0.08 |
|
|
Diluted |
|
|
0.60 |
|
|
|
0.31 |
|
|
|
0.05 |
|
|
|
0.47 |
|
|
|
0.53 |
|
|
|
0.08 |
|
|
|
||||||||||||||||||||||||
|
"Adjusted net income attributable to the Company's shareholders" is defined as net income attributable to the |
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View original content:https://www.prnewswire.com/news-releases/scienjoy-holding-corporation-reports-second-quarter-and-first-half-2026-unaudited-financial-results-302919113.html
SOURCE Scienjoy Holding Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Scienjoy's second-quarter 2026 revenue and earnings?
Scienjoy reported revenue of RMB305.4 million and net income attributable to shareholders of RMB11.1 million for the three months ended June 30, 2026. The comparable 2025 figures were RMB349.0 million and RMB22.6 million, respectively.
Why did Scienjoy's gross margin decline in 2026?
Scienjoy attributed the declines to a higher revenue-sharing fee ratio in overseas mobile livestreaming. Second-quarter gross margin fell to 18.1% from 18.2%, while first-half gross margin fell to 17.9% from 18.8%, compared with the corresponding 2025 periods.