$SJ

Scienjoy Holding Corp

CIK:0001753673|SEC Filings

Consolidated Statements of Operations And Comprehensive (Loss) Income ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 CNY (¥) ¥ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 CNY (¥) ¥ / shares shares	Dec. 31, 2023 CNY (¥) ¥ / shares shares
Total revenue	¥ 1,241,621	$ 177,549	¥ 1,363,384	¥ 1,464,871
Cost of revenues	(1,014,455)	(145,065)	(1,117,942)	(1,272,145)
Gross profit	227,166	32,484	245,442	192,726
Sales and marketing expenses	(6,357)	(909)	(7,049)	(1,355)
General and administrative expenses	(88,977)	(12,724)	(76,629)	(75,582)
Research and development expenses	(83,426)	(11,930)	(90,461)	(75,116)
Provision for credit losses	(127,290)	(18,202)	(30,584)	(17,865)
Income (loss) from operations	(78,884)	(11,281)	40,719	22,808
Change in fair value of contingent consideration				(5,624)
Change in fair value of warrant liabilities				170
Change in fair value of investment in marketable security	(29,067)	(4,157)	6,103	(9,023)
Impairment for goodwill	(186,170)	(26,622)
Impairment for intangible assets	(398,835)	(57,033)
Investments income (loss)	8,712	1,246	(5,742)	(31,328)
Impairment of long-term investments			(10,425)	(11,800)
Interest income, net	1,712	245	3,211	2,739
Other income, net	8,732	1,249	1,609	7,449
Foreign exchange (loss) gain, net	(1,569)	(224)	3,805	(1,887)
(Loss) income before income taxes	(675,369)	(96,577)	39,280	(26,496)
Income tax (expense) benefit	80,369	11,493	(12,597)	(8,480)
Net (loss) income	(595,000)	(85,084)	26,683	(34,976)
Less: net loss attributable to noncontrolling interest	(7,911)	(1,131)	(13,002)	(4,188)
Net (loss) income attributable to the Company’s shareholders	(587,089)	(83,953)	39,685	(30,788)
Other comprehensive income (loss):
Other comprehensive loss - foreign currency translation adjustment	(3,494)	(500)	(998)	(105)
Comprehensive (loss) income	(598,494)	(85,584)	25,685	(35,081)
Less: comprehensive loss attributable to non-controlling interests	(7,305)	(1,045)	(13,002)	(4,188)
Comprehensive (loss) income attributable to the Company’s shareholders	¥ (591,189)	$ (84,539)	¥ 38,687	¥ (30,893)
Weighted average number of shares
Basic (in Shares)	41,776,414	41,776,414	41,367,946	40,649,414
Diluted (in Shares)	41,776,414	41,776,414	41,564,237	40,649,414
(Loss) earnings per share
Basic (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (14.05)	$ (2.01)	¥ 0.96	¥ (0.76)
Diluted (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (14.05)	$ (2.01)	¥ 0.95	¥ (0.76)
Live streaming - consumable virtual items revenue
Total revenue	¥ 1,187,033	$ 169,743	¥ 1,317,601	¥ 1,420,258
Live streaming - time based virtual item revenue
Total revenue	16,951	2,424	24,935	25,004
Technical services and others
Total revenue	¥ 37,637	$ 5,382	¥ 20,848	¥ 19,609

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Cash flows from operating activities
Net (loss) income	¥ (595,000)	$ (85,084)	¥ 26,683	¥ (34,976)
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Depreciation of property and equipment	1,198	171	1,127	1,237
Amortization of intangible assets	6,455	923	6,969	6,964
Loss from disposal of property and equipment			2	5
Provision for credit losses	127,290	18,202	30,584	17,865
Deferred tax benefit	(88,214)	(12,615)	(1,545)	(4,460)
Change in fair value of contingent consideration				5,624
Change in fair value of warrant liabilities				(170)
Change in fair value of investment in marketable security	29,067	4,157	(6,103)	9,023
Impairment for goodwill	186,170	26,622
Impairment for intangible assets	398,835	57,033
Investments loss (income)	(8,712)	(1,246)	5,742	31,328
Impairment of long-term investments			10,425	11,800
Share-based compensation	7,504	1,073	10,579	13,637
Amortization of right-of-use assets-operating lease	6,592	943	7,312	7,052
Changes in operating assets and liabilities
Accounts receivable	55,480	7,934	34,335	54,148
Prepaid expense and other current assets	6,150	879	20,239	20,284
Long term deposits and other assets	125	18	(180)	227
Accounts payable	(19,348)	(2,767)	(37,171)	(43,065)
Deferred revenue	(29,722)	(4,250)	(17,400)	4,203
Accrued salary and employee benefits	(7,330)	(1,048)	7,583	2,335
Lease liabilities-operating lease	(7,200)	(1,030)	(7,974)	(7,175)
Income tax payable	(386)	(55)	(1,720)	(526)
Accrued expenses and other current liabilities	1,562	223	(20,771)	7,334
Net cash provided by operating activities	70,516	10,083	68,716	102,694
Cash flows from investing activities
Cash acquired from acquisitions	1,787	256		212
Payment for acquisition	(1,224)	(175)		(3,546)
Proceeds from long term investments	150,206	21,479	444	521
Payment for long term investments	(156,000)	(22,308)	(19,500)	(63,884)
Purchase of property and equipment and intangible assets	(837)	(120)	(988)	(493)
Net cash used in investing activities	(6,068)	(868)	(20,044)	(67,190)
Cash flows from financing activities
Capital contribution by non-controlling shareholders			245	1,751
Proceeds from (advance to) related parties	(100)	(14)	355	760
Proceeds from bank loan				5,000
Repayment of bank loan				(10,000)
Share repurchase			(736)	(2,734)
Net cash used in financing activities	(100)	(14)	(136)	(5,223)
Effect of foreign exchange rate changes on cash	(9,238)	(1,321)	(1,461)	(108)
Net increase in cash and cash equivalents	55,110	7,880	47,075	30,173
Cash and cash equivalents at beginning of the year	252,540	36,113	205,465	175,292
Cash and cash equivalents at end of the year	307,650	43,993	252,540	205,465
Supplemental disclosures of cash flow information:
Income taxes paid	8,231	1,177	15,842	13,447
Supplemental non-cash investing and financing information:
Issuance of Class A ordinary shares for achievement of earnout target			9,960	13,106
Shares to be issued for achievement of earnout target				9,960
Right-of-assets obtained in exchange for operating lease obligations	16,442	2,351
Non-controlling interests from acquisitions	¥ (869)	$ (124)		¥ (288)

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)
Current assets
Cash and cash equivalents	¥ 307,650	$ 43,993	¥ 252,540
Accounts receivable, net	43,290	6,190	226,060
Investment in marketable security	8,561	1,224	37,629
Prepaid expenses and other current assets	23,607	3,376	28,415
Total current assets	383,208	54,797	544,644
Non-current assets
Property and equipment, net	2,244	321	1,981
Intangible assets, net			405,256
Goodwill			182,661
Long term investments	271,261	38,790	257,387
Long term deposits and other assets	1,741	249	906
Right-of-use assets-operating lease	14,695	2,101	4,845
Deferred tax assets	37,288	5,332	7,505
Total non-current assets	327,229	46,793	860,541
TOTAL ASSETS	710,437	101,590	1,405,185
Current liabilities
Accounts payable	16,665	2,381	36,015
Deferred revenue	50,464	7,216	80,186
Accrued salary and employee benefits	15,184	2,171	22,346
Income tax payable	10,899	1,559	11,284
Lease liabilities-operating lease -current	3,641	521	4,098
Accrued expenses and other current liabilities	9,728	1,391	6,840
Total current liabilities	106,581	15,239	160,769
Non-current liabilities
Deferred tax liabilities			58,400
Lease liabilities-operating lease -non-current	10,399	1,487	700
Total non-current liabilities	10,399	1,487	59,100
TOTAL LIABILITIES	116,980	16,726	219,869
Commitments and contingencies
EQUITY
Shares to be issued	20,817	2,977	20,817
Treasury stocks	(19,952)	(2,853)	(19,952)
Statutory reserves	34,091	4,875	50,705
Retained earnings	92,024	13,159	662,499
Accumulated other comprehensive income	12,867	1,840	16,967
Total shareholders’ equity	615,409	88,003	1,199,094
Non-controlling interests	(21,952)	(3,139)	(13,778)
Total equity	593,457	84,864	1,185,316
TOTAL LIABILITIES AND EQUITY	710,437	101,590	1,405,185
Class A Ordinary Shares
EQUITY
Ordinary shares value	451,666	64,588	444,162
Class B Ordinary Shares
EQUITY
Ordinary shares value	23,896	3,417	23,896
Related Party
Current assets
Due from a related party	¥ 100	$ 14