---------- ---------- ---------- ---------- ---------- ----------
Total revenues 363,151 374,840 51,579 667,442 691,139 95,104
Cost of revenues (312,718) (310,117) (42,674) (576,913) (573,329) (78,893)
---------- ---------- ---------- ---------- ---------- ----------
Gross profit 50,433 64,723 8,905 90,529 117,810 16,211
Operating
expenses
Sales and
marketing
expenses (257) (189) (26) (466) (2,177) (300)
General and
administrative
expenses (19,148) (16,650) (2,291) (36,457) (36,580) (5,034)
Research and
development
expenses (18,135) (17,534) (2,413) (34,945) (39,061) (5,375)
Provision for
doubtful
accounts (1,369) (1,769) (243) (2,230) (1,126) (155)
---------- ---------- ---------- ---------- ---------- ----------
Total operating
expenses (38,909) (36,142) (4,973) (74,098) (78,944) (10,864)
---------- ---------- ---------- ---------- ---------- ----------
Income from
operations 11,524 28,581 3,932 16,431 38,866 5,347
Change in fair
value of
contingent
consideration 2,540 - - (1,978) - -
Change in fair
value of
warrants
liability 2,085 - - 153 - -
Change in fair
value of
investment in
marketable
security 63,570 6,991 962 65,148 3,764 518
Investment loss (3,870) (1,114) (153) (4,088) (3,354) (462)
Interest income,
net 691 449 62 1,095 2,428 334
Other income, net 354 575 79 525 688 95
Foreign exchange
gain, net 1,454 974 134 1,421 1,508 208
---------- ---------- ---------- ---------- ---------- ----------
Income before
income taxes 78,348 36,456 5,016 78,707 43,900 6,040
Income tax
benefits
(expenses) 6,526 (3,035) (418) 632 (7,673) (1,056)
---------- ---------- ---------- ---------- ---------- ----------
Net income 84,874 33,421 4,598 79,339 36,227 4,984
Less: net income
(loss)
attributable
to
noncontrolling
interest 138 (1,919) (264) (2,247) (5,693) (783)
---------- ---------- ---------- ---------- ---------- ----------
Net income
attributable to
the Company's
shareholders 84,736 35,340 4,862 81,586 41,920 5,767
---------- ---------- ---------- ---------- ---------- ----------
Other
comprehensive
loss:
Other
comprehensive
loss - foreign
currency
translation
adjustment (511) (172) (24) (498) (608) (84)
---------- ---------- ---------- ---------- ---------- ----------
Comprehensive
income 84,363 33,249 4,574 78,841 35,619 4,900
Less:
comprehensive
income (loss)
attributable to
non-
controlling
interests 138 (1,919) (264) (2,247) (5,693) (783)
---------- ---------- ---------- ---------- ---------- ----------
Comprehensive
income
attributable
to the
Company's
shareholders 84,225 35,168 4,838 81,088 41,312 5,683
========== ========== ========== ========== ========== ==========
Weighted
average number
of shares*
Basic 40,447,415 41,164,872 41,164,872 40,447,415 41,164,872 41,164,872
========== ========== ========== ========== ========== ==========
Diluted 40,771,279 41,334,310 41,334,310 40,660,023 41,461,415 41,461,415
========== ========== ========== ========== ========== ==========
Earnings per
share
Basic 2.09 0.86 0.12 2.02 1.02 0.14
========== ========== ========== ========== ========== ==========
Diluted 2.08 0.85 0.12 2.01 1.01 0.14
========== ========== ========== ========== ========== ==========
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 June June June June
30, 30, 30, 30, 30, June 30,
2023 2024 2024 2023 2024 2024
------- ------- ------ ------- ------- --------
RMB RMB US$ RMB RMB US$
------- ------- ------ ------- ------- --------
Net income
attributable to
the Company's
shareholders 84,736 35,340 4,862 81,586 41,920 5,767
Less:
Change in fair
value of
contingent
consideration 2,540 - - (1,978) - -
Change in fair
value of
warrants
liability 2,085 - - 153 - -
Share based
compensation (6,720) (3,194) (440) (8,613) (5,629) (775)
------- ------- ------ ------- ------- --------
Adjusted net
income
attributable
to the
Company's
shareholders* 86,831 38,534 5,302 92,024 47,549 6,542
======= ======= ====== ======= ======= ========
Adjusted net
income
attributable
to the
Company's
shareholders
per ordinary
share*
Basic 2.15 0.94 0.13 2.28 1.16 0.16
======= ======= ====== ======= ======= ========
Diluted 2.13 0.93 0.13 2.26 1.15 0.16
======= ======= ====== ======= ======= ========
"Adjusted net income attributable to the Company's shareholders" is
defined as net income attributable to the Company's shareholders
excluding change in fair value of contingent consideration, change in
fair value of warrant liability and share based compensation. For
more information, refer to "Use of Non-GAAP Financial Measures" and
"Reconciliations of Non-GAAP Results" above.
View original content:https://www.prnewswire.com/news-releases/scienjoy-holding-corporation-reports-second-quarter-and-first-half-2024-unaudited-financial-results-302233909.html
SOURCE Scienjoy Holding Corporation
(END) Dow Jones Newswires
August 29, 2024 08:00 ET (12:00 GMT)
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