Annual Revenues Increased by 36.6% Year
Over Year
BEIJING, May 17, 2022
/PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the
"Company", or "We") (NASDAQ: SJ), a leading live entertainment
mobile streaming platform in China, today announced its financial results
for the year ended December 31,
2021.
Fiscal Year 2021 Operating and Financial Highlights
- Total net revenues in fiscal year 2021 increased by 36.6% to
RMB1,669.4 million (US$262.0 million) from RMB1,222.2 million in fiscal year 2020.
- Gross profit in fiscal year 2021 increased by 16.1% to
RMB304.5 million (US$47.8 million) from RMB262.2 million in fiscal year 2020.
- Net income in fiscal year 2021 decreased to RMB170.0 million (US$26.7
million) from RMB176.1 million
in fiscal year 2020.
- Adjusted net income in fiscal year 2021 increased by 17.6% to
RMB219.0 million (US$34.4 million) from RMB186.3 million in fiscal year 2020.
- Total paying users in fiscal year 2021 decreased to 840,640
from 904,568 in fiscal year 2020.
- Active broadcasters in fiscal year 2021 increased by 50.2% to
288,898 from 192,389 in fiscal year 2020.
- As of December 31, 2021, the
Company had RMB240.9 million
(US$37.8 million) in cash and cash
equivalents, which represented an increase of 7.2% from
RMB224.8 million as of December 31, 2020.
Mr. Victor He, Chairman and Chief
Executive Officer of Scienjoy, commented, "We concluded fiscal year
2021 with solid financial and operational results, which
demonstrated the strong resilience of our business model. Focused
on optimizing the livestreaming service ecosystem and executing a
globalization strategy, we sustained our strategic efforts in
content investment through our multiple live streaming channels to
expand our offering and drive continued user growth, which is a
critical step in meeting the evolving expectation of users and
growing our business significantly. Also, the acquisition of
Hongle.tv enhanced our market position in the talent show live
streaming category and complimented our existing platforms. In
addition, we remain committed to developing our live streaming
metaverse with investment into research and development (R&D).
The investment into technologies, such as Artificial Intelligence
(AI), Augmented Reality (AR), and Virtual Reality (VR), and
personnel in R&D was the strategic approach for Scienjoy to
pave the way for the metaverse project as the goal of the Company
to provide a more immersive experience to users and broadcasters
and accelerate our business expansion. Looking forward, we are
optimistic about the opportunities ahead of us, and we will
continue to create value for our users, partners, and shareholders
by propelling the sustainable growth of our ecosystem."
Mr. Denny Tang, Chief Financial
Officer of Scienjoy, added, "We continued building up our momentum
and achieved encouraging results across our business in fiscal year
2021. Our total revenues in fiscal year 2021 reached RMB1,669.4 million (US$262.0 million), up 36.6% year over year. The
significant growth indicates the resilience of our business and the
fulfillment of the strategic initiatives we made last year as we
continued to invest in R&D, aiming to contribute to the
development of metaverse live streaming. We have taken innovative
approaches and made tremendous progress throughout the year,
alongside our initiatives to enhance our operational and
monetization efficiency. Looking to the year ahead, we will
continue to deliver high-quality content, promote technological
capabilities, and strengthen the relationships with users and
broadcasters. We believe that our efforts and advantages will help
us expand the user base and position us well for long-term
profitable growth, further boosting our confidence to capture the
significant domestic and overseas market opportunities."
Fiscal Year 2021 Financial Results
Total net revenues in fiscal year 2021 increased by
36.6% to RMB1,669.4 million
(US$262.0 million) from RMB1,222.2 million in fiscal year 2020, because
more quality content are provided through our integrated multiple
live streaming platforms including Beelive platforms we acquired in
September 2020 and our ARPPU in
fiscal year 2021 increased by 46% comparing to fiscal year 2020,
partially offset by decrease in number of paying users.
Cost of revenues in fiscal year 2021 increased
by 42.2% to RMB1,364.9 million
(US$214.2 million) from RMB959.9 million in fiscal year 2020. The
increase was primarily attributable to a 42.4%, or RMB351.1 million, year-over-year increase in the
Company's revenue sharing fees and content costs, which was
consistent with the 50.2% year-over-year increase in active
broadcasters as well as the growth of the Company's overall live
streaming operations in fiscal year 2021. In addition, the Company
incurred share based compensation of RMB6.2
million in fiscal year 2021 and no such expense incurred in
fiscal year 2020.
Gross profit in fiscal year 2021 increased by 16.1%
to RMB304.5 million (US$47.8 million) from RMB262.2 million in fiscal year 2020.
Total operating expenses in fiscal year
2021 increased to RMB138.5
million (US$21.7 million) from
RMB67.5 million in fiscal year
2020.
- Sales and marketing expenses in fiscal year 2021 decreased by
52.5% to RMB4.8 million (US$0.8 million) as compared to RMB 10.1 million in fiscal year 2020. This
decrease was mainly due to the additional promotional activities
that the Company executed in fiscal year 2020 following an uptick
in online user traffic as more users spent an increased amount of
time online at home watching the Company's live streaming content
during the COVID-19 outbreak.
- General and administrative expenses in fiscal year 2021
significantly increased to RMB65.2
million (US10.2 million) from RMB33.9
million in fiscal year 2020.The increase was primarily
because we had a share based compensation of RMB12.0 million and higher employee salary and
welfare and amortization of intangible assets as compared to fiscal
year 2020.
- Research and development expenses in fiscal year 2021 increased
by 120.4% to RMB70.0 million
(US$11.0 million) from RMB31.8 million in fiscal year 2020. The increase
was due to higher R&D headcount and the Company had share based
compensation of RMB13.9 million in
fiscal year 2021.
- Recovery of doubtful accounts in fiscal year 2021 was
RMB1.6 million (US$0.3 million) as compared to a recovery of
doubtful accounts of RMB8.3 million
in fiscal year 2020.
Income from operations in fiscal year
2021 decreased by 7.4% to RMB180.2
million (US$28.3 million) from
RMB194.7 million in fiscal year
2020.
Change in fair value of contingent consideration in
fiscal year 2021 increased by 138.7% to RMB33.6 million (US$5.3
million) from RMB14.1 million
in fiscal year 2020. Change in fair value of contingent
consideration is derived from the Company's reverse
recapitalization with Wealthbridge Acquisition Limited on
May 7, 2020, and acquisition of
BeeLive on August 10, 2020, which
involved payments of future contingent consideration upon the
achievement of certain financial performance targets and specific
market price levels. Earn out liabilities are recorded for the
estimated fair value of the contingent consideration on the merger
date. The fair value of the contingent consideration is re-measured
at each reporting period, and the change in fair value is
recognized as either income or expense.
Change in fair value of warrants liability in fiscal year
2021 increased by 320.6% to RMB16.4
million (US$2.6 million) from
RMB3.9 million in fiscal year 2020.
The Company's warrants assumed from SPAC acquisition that have
complex terms, such as a clause in which the warrant agreements
contain a cash settlement provision whereby the holders could
settle the warrants for cash upon a fundamental transaction that is
considered outside of the control of management are considered to
be a derivative that are recorded as a liability at fair value. The
warrant derivative liability is adjusted to its fair value at the
end of each reporting period, with the change being recorded as
other expense or gain.
Change in fair value of investment in fiscal year 2021
amount to RMB22.8 million
(US$3.6 million) In January 2021, the Company, through its wholly
owned subsidiary, Scienjoy Inc., purchased from Cross Wealth
Investment Holding Limited, an entity related to two directors of
the Company, 606,061 ordinary shares of Goldenbridge Acquisition
Limited ("Goldenbridge") for an aggregated consideration of
US$2 million. Goldenbridge was formed
as a special purpose acquisition company. The investment was
classified as investment in marketable security, which is adjusted
to its fair value at the end of each reporting period, with the
change being recorded as other expense or gain.
Net income in fiscal year 2021 decreased to
RMB170.0 million (US$27.6million) from RMB176.1 million in fiscal year 2020.
Adjusted net income in fiscal year 2021 increased by
17.6% to RMB219.0 million
(US$34.4 million) from RMB186.3 million in fiscal year 2020.
Basic and diluted net income per ordinary share in fiscal
year 2021 were both RMB5.51
(US$0.87). In comparison, basic and
diluted net income per ordinary share in fiscal year 2020 were
RMB7.56 and RMB6.56, respectively.
Adjusted basic and diluted net income per ordinary
share in fiscal year 2021 were both RMB7.10 (US$1.11).
In comparison, both adjusted basic and diluted net income per
ordinary share in fiscal year 2020 were RMB8.00 and RMB6.94, respectively.
As of December 31, 2021, the
Company had cash and cash equivalents of
RMB240.9 million (US$37.8 million) compared to RMB224.8 million as of December 31, 2020.
Business Outlook
The Company expects its total net revenues to be in the range of
RMB440 million to RMB460 million in the first quarter of 2022. This
forecast reflects the Company's current and preliminary views on
the market and operational conditions, which are subject to change,
particularly in respect to the potential impact of COVID-19 on the
economy in China and other markets
around the world.
Recent Development
On December 29, 2021, the Company
has entered into an equity acquisition framework agreement (the
"Agreement") to acquire 100% equity interest in Beijing Weiliantong
Tech Co., Ltd ("Weiliantong"), which holds Hongle.tv, and 100%
equity interest in Golden Shield Enterprises Limited ("Golden Shield"), which holds the NFT business
for a total consideration of RMB280
million (approximately US$43.8
million). The objective of the Agreement is to support the
Company's strategic growth initiative of acquiring the top-tier
online live streaming platform Hongle.tv and expanding NFT business
scope. The transaction was closed on January
1, 2022.
About Scienjoy Holding Corporation
Limited
Founded in 2011, Scienjoy is a leading mobile livestreaming
platform in China, and its core
mission is to build a livestreaming service ecosystem to delight
and entertain users. With approximately 267 million registered
users, Scienjoy currently operates five livestreaming platform
brands, including Showself, Lehai, Haixiu, and BeeLive, which
features both the Mifeng Chinese version and BeeLive International
version, and Hongle.tv. Scienjoy uniquely combines a gamified
business approach to livestreaming, in-depth knowledge of the
livestreaming industry, and cutting-edge technologies such as
blockchain, augmented reality (AR), virtual reality (VR), and big
data, to create a unique user experience. Scienjoy is devoted to
building a livestreaming Metaverse to provide users with the
ultimate immersive experience, a social media network that
transcends time and space, a digital community that spans virtual
and physical reality, and a content-rich ecosystem. 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 RMB6.3726 to US$1.00, the noon buying rate in effect on
December 31, 2021, 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
December 31, 2021, or at any other
rate.
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.
Investor Relations Contact
Ray Chen
VP, Investor relations
Scienjoy Inc.
+86-010-64428188
ray.chen@scienjoy.com
Tina Xiao
Ascent Investor Relations
+1 (917) 609-0333
tina.xiao@ascent-ir.com
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(All amounts in
thousands, except share and per share data or otherwise
stated)
|
|
|
|
|
|
As of
December 31
|
|
|
As of
December 31
|
|
|
|
2020
|
|
|
2021
|
|
|
2021
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
224,768
|
|
|
|
240,947
|
|
|
|
37,810
|
|
Accounts receivable,
net
|
|
|
228,214
|
|
|
|
206,307
|
|
|
|
32,374
|
|
Prepaid expenses and
other current assets
|
|
|
13,753
|
|
|
|
165,409
|
|
|
|
25,956
|
|
Amounts due from
related parties
|
|
|
7
|
|
|
|
1,059
|
|
|
|
166
|
|
Investment in
marketable security
|
|
|
-
|
|
|
|
38,789
|
|
|
|
6,089
|
|
Total current
assets
|
|
|
466,742
|
|
|
|
652,511
|
|
|
|
102,395
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment,
net
|
|
|
1,356
|
|
|
|
1,674
|
|
|
|
263
|
|
Intangible assets,
net
|
|
|
239,634
|
|
|
|
235,870
|
|
|
|
37,013
|
|
Goodwill
|
|
|
92,069
|
|
|
|
92,069
|
|
|
|
14,448
|
|
Long term
investments
|
|
|
5,000
|
|
|
|
101,727
|
|
|
|
15,963
|
|
Long term deposits and
other non-current assets
|
|
|
1,382
|
|
|
|
1,152
|
|
|
|
181
|
|
Deferred tax assets–
non-current
|
|
|
5,654
|
|
|
|
4,352
|
|
|
|
683
|
|
Total non-current
assets
|
|
|
345,095
|
|
|
|
436,844
|
|
|
|
68,551
|
|
TOTAL
ASSETS
|
|
|
811,837
|
|
|
|
1,089,355
|
|
|
|
170,946
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
|
67,089
|
|
|
|
85,801
|
|
|
|
13,466
|
|
Accrued salary and
employee benefits
|
|
|
18,141
|
|
|
|
24,533
|
|
|
|
3,850
|
|
Accrued expenses and
other current liabilities
|
|
|
12,358
|
|
|
|
16,181
|
|
|
|
2,539
|
|
Current portion of
contingent consideration – earn-out liability
|
|
|
92,183
|
|
|
|
10,638
|
|
|
|
1,669
|
|
Income tax
payable
|
|
|
8,581
|
|
|
|
8,282
|
|
|
|
1,300
|
|
Deferred
revenue
|
|
|
49,567
|
|
|
|
65,405
|
|
|
|
10,263
|
|
Warrants
liabilities
|
|
|
29,558
|
|
|
|
10,324
|
|
|
|
1,620
|
|
Total current
liabilities
|
|
|
277,477
|
|
|
|
221,164
|
|
|
|
34,707
|
|
Non-current
liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax
liabilities - non current
|
|
|
59,729
|
|
|
|
58,746
|
|
|
|
9,219
|
|
Contingent
consideration – earn-out liability
|
|
|
15,116
|
|
|
|
-
|
|
|
|
-
|
|
Total non-current
liabilities
|
|
|
74,845
|
|
|
|
58,746
|
|
|
|
9,219
|
|
TOTAL
LIABILITIES
|
|
|
352,322
|
|
|
|
279,910
|
|
|
|
43,926
|
|
Commitments and
contingencies
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders'
equity
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary share, no par
value, unlimited Class A ordinary shares and 2,925,058 Class B
ordinary shares authorized, 27,037,302
Class A ordinary shares and Nil Class B
ordinary shares issued and outstanding
as of December 31, 2020; 28,219,583 Class
A ordinary shares and 2,625,058 Class B
ordinary shares issued and outstanding
as of December 31, 2021,
respectively*
|
|
|
|
|
|
|
|
|
|
|
|
|
Class A ordinary
shares
|
|
|
(96,349)
|
|
|
|
140,196
|
|
|
|
22,000
|
|
Class B ordinary
shares
|
|
|
-
|
|
|
|
13,041
|
|
|
|
2,046
|
|
Shares to be
issued
|
|
|
200,100
|
|
|
|
128,119
|
|
|
|
20,105
|
|
Statutory
reserves
|
|
|
18,352
|
|
|
|
31,775
|
|
|
|
4,986
|
|
Retained
earnings
|
|
|
322,610
|
|
|
|
479,199
|
|
|
|
75,197
|
|
Accumulated other
comprehensive income
|
|
|
14,802
|
|
|
|
17,115
|
|
|
|
2,686
|
|
Total shareholder's
equity
|
|
|
459,515
|
|
|
|
809,445
|
|
|
|
127,020
|
|
TOTAL LIABILITIES
AND SHAREHOLDERS' EQUITY
|
|
|
811,837
|
|
|
|
1,089,355
|
|
|
|
170,946
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE
INCOME
|
|
(All amounts in
thousands, except share and per share data or otherwise
stated)
|
|
|
|
|
|
|
|
|
|
For the years ended
December 31,
|
|
|
|
|
|
December 31,
|
|
|
December 31,
|
|
|
December 31,
|
|
|
|
|
|
2020
|
|
|
2021
|
|
|
2021
|
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
Live streaming -
consumable virtual items revenue
|
|
|
|
|
1,187,431
|
|
|
|
1,617,056
|
|
|
|
253,751
|
|
Live streaming - time
based virtual items revenue
|
|
|
|
|
29,596
|
|
|
|
32,905
|
|
|
|
5,164
|
|
Technical
services
|
|
|
|
|
5,156
|
|
|
|
19,397
|
|
|
|
3,044
|
|
Total
revenues
|
|
|
|
|
1,222,183
|
|
|
|
1,669,358
|
|
|
|
261,959
|
|
Cost of
revenues
|
|
|
|
|
(959,939)
|
|
|
|
(1,364,902)
|
|
|
|
(214,183)
|
|
Gross
profit
|
|
|
|
|
262,244
|
|
|
|
304,456
|
|
|
|
47,776
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
expenses
|
|
|
|
|
(10,121)
|
|
|
|
(4,807)
|
|
|
|
(754)
|
|
General and
administrative expenses
|
|
|
|
|
(33,889)
|
|
|
|
(65,233)
|
|
|
|
(10,236)
|
|
Research and
development expenses
|
|
|
|
|
(31,780)
|
|
|
|
(70,039)
|
|
|
|
(10,991)
|
|
Recovery of doubtful
accounts
|
|
|
|
|
8,253
|
|
|
|
1,592
|
|
|
|
250
|
|
Total operating
expenses
|
|
|
|
|
(67,537)
|
|
|
|
(138,487)
|
|
|
|
(21,731)
|
|
Income from
operations
|
|
|
|
|
194,707
|
|
|
|
165,969
|
|
|
|
26,045
|
|
Interest income,
net
|
|
|
|
|
2,960
|
|
|
|
3,962
|
|
|
|
622
|
|
Other expenses,
net
|
|
|
|
|
(4,702)
|
|
|
|
(90)
|
|
|
|
(14)
|
|
Foreign exchange (loss)
gain, net
|
|
|
|
|
703
|
|
|
|
105
|
|
|
|
16
|
|
Change in fair value of
contingent consideration
|
|
|
|
|
(14,068)
|
|
|
|
(33,584)
|
|
|
|
(5,270)
|
|
Change in fair value of
warrants liability
|
|
|
|
|
3,904
|
|
|
|
16,421
|
|
|
|
2,577
|
|
Change in fair value of
investment in marketable security
|
|
|
|
|
|
|
|
|
22,833
|
|
|
|
3,583
|
|
Income before income
taxes
|
|
|
|
|
183,504
|
|
|
|
175,616
|
|
|
|
27,559
|
|
Income tax
expenses
|
|
|
|
|
(7,404)
|
|
|
|
(5,604)
|
|
|
|
(879)
|
|
Net
income
|
|
|
|
|
176,100
|
|
|
|
170,012
|
|
|
|
26,680
|
|
Other comprehensive
income - foreign currency translation adjustment
|
|
|
|
|
14,802
|
|
|
|
2,313
|
|
|
|
363
|
|
Comprehensive income
attributable to the Company's shareholders
|
|
|
|
|
190,902
|
|
|
|
172,325
|
|
|
|
27,043
|
|
Weighted average
number of shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
|
23,287,706
|
|
|
|
30,842,183
|
|
|
|
30,842,183
|
|
Diluted
|
|
|
|
|
26,828,666
|
|
|
|
30,842,183
|
|
|
|
30,842,183
|
|
Earnings per
share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
|
7.56
|
|
|
|
5.51
|
|
|
|
0.87
|
|
Diluted
|
|
|
|
|
6.56
|
|
|
|
5.51
|
|
|
|
0.87
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliations of
Non-GAAP Results
|
|
(All amounts in
thousands, except share and per share data or otherwise
stated)
|
|
|
|
|
|
|
|
|
|
For the years
ended
|
|
|
|
|
|
December 31,
|
|
|
December 31,
|
|
|
December 31,
|
|
|
|
|
|
2020
|
|
|
2021
|
|
|
2021
|
|
|
|
|
|
RMB
|
|
|
RMB
|
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income
|
|
|
|
|
176,100
|
|
|
|
170,012
|
|
|
|
26,680
|
|
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of
contingent consideration
|
|
|
|
|
(14,068)
|
|
|
|
(33,584)
|
|
|
|
(5,270)
|
|
Change in fair value of
warrants liability
|
|
|
|
|
3,904
|
|
|
|
16,421
|
|
|
|
2,577
|
|
Share based
compensation
|
|
|
|
|
-
|
|
|
|
(31,857)
|
|
|
|
(4,999)
|
|
Adjusted net
income*
|
|
|
|
|
186,264
|
|
|
|
219,032
|
|
|
|
34,372
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net
income per ordinary share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
|
8.00
|
|
|
|
7.10
|
|
|
|
1.11
|
|
Diluted
|
|
|
|
|
6.94
|
|
|
|
7.10
|
|
|
|
1.11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"Adjusted net income"
is defined as net income 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" at the end of this press
release.
|
View original
content:https://www.prnewswire.com/news-releases/scienjoy-holding-corporation-reports-fiscal-year-2021-financial-results-301548730.html
SOURCE Scienjoy Holding Corporation