SCIENJOY HOLDING Reports Q2 FY2023 Earnings Results on June 30 2023
October 21, 2023
🌥️Earnings Overview
SCIENJOY HOLDING ($NASDAQ:SJ) released their second quarter financial report for the fiscal year ending September 6 2023 on June 30 2023. The company’s total revenue for the quarter was CNY 363.1 million, a decrease of 28.3% compared to the prior year’s quarter. Nevertheless, net income grew 25.2%, up to CNY 84.7 million.
Price History
On June 30 2023, SCIENJOY HOLDING reported its earnings results for Q2 FY2023. The company’s stock opened on Wednesday at $3.0 and closed at the same price. This was a 0.8% decrease from its previous closing price of $3.0.
Overall, SCIENJOY HOLDING ended the quarter with a solid performance that exceeded expectations. The company is now well positioned to capitalize on the opportunities that lie ahead and continue to deliver strong financial results in the months to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Scienjoy Holding. More…
| Total Revenues | Net Income | Net Margin |
| 1.65k | 124.02 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Scienjoy Holding. More…
| Operations | Investing | Financing |
| 57.55 | -113.25 | -11.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Scienjoy Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.51k | 256.35 | 30.79 |
Key Ratios Snapshot
Some of the financial key ratios for Scienjoy Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.7% | -43.9% | 4.4% |
| FCF Margin | ROE | ROA |
| 3.4% | 3.8% | 3.0% |
Analysis
At GoodWhale, we have conducted an analysis of SCIENJOY HOLDING‘s fundamentals using the Star Chart. We found that the company is strong in assets, medium in growth, profitability and weak in dividend. Given its high health score of 10/10 with regard to its cashflows and debt, investors who are looking for a secure and stable investment may find SCIENJOY HOLDING a good choice. The company also has plenty of resources to pay off debt and fund future operations. More…
Peers
The competition between Scienjoy Holding Corp and its competitors – FuboTV Inc, Sparx Technology Inc, and DouYu International Holdings Ltd – is fierce. These companies are all competing to provide the best services and products in the video streaming, gaming, and online entertainment industries. With each company striving to stay ahead of the competition, it is sure to be an exciting race to the top.
– FuboTV Inc ($NYSE:FUBO)
FuboTV Inc is an American over-the-top streaming television service specializing in live sports programming. The company’s market cap as of 2022 is 482.45M, indicating that it is a large and successful business. Its Return on Equity, which measures profitability of the company, is -58.18%, indicating that it has not been able to achieve its desired level of return on investments. Despite this, the company has been able to create a strong presence in the streaming industry, as demonstrated by its large market cap.
– Sparx Technology Inc ($TSXV:SPRX)
Sparx Technology Inc is a global software and services company headquartered in San Francisco, California. Founded in 2002, the company specializes in enterprise-level software development and solutions. As of 2022, Sparx Technology Inc has a market cap of 3.29 million dollars. This market cap reflects the company’s financial performance and operations, and is an indication of overall investor confidence in the company. Sparx Technology Inc’s solutions are used by some of the world’s leading companies, providing a variety of products and services that help organizations achieve their business objectives.
– DouYu International Holdings Ltd ($NASDAQ:DOYU)
DouYu International Holdings Ltd is a leading game-centric live streaming platform in China. The company provides interactive entertainment, including livestreaming of online gaming, entertainment shows, and esports events. As of 2022, DouYu has a market cap of 400.03M, making it one of the most valuable companies in the gaming industry. Additionally, the company has an Return on Equity of -3.33%. This indicates that while the company has been able to generate a profit, the return on the equity invested by shareholders has been negative.
Summary
SCIENJOY HOLDING reported its earnings results for the second quarter of FY2023 ending on September 6 2023. Total revenue was CNY 363.1 million, representing a 28.3% decrease from the same quarter in the prior year. Net income, however, increased 25.2% to CNY 84.7 million.
This indicates that despite a decline in total revenue, the company was able to effectively manage its costs, allowing it to realize profits. For investors looking for a potential growth opportunity, SCIENJOY HOLDING may be worth considering.
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