Recent Updates — SJ

Scienjoy Holding Corporation reported total revenue of RMB305.4 million (US$45.0 million) for the second quarter ended June 30, 2026, a decrease from RMB349.0 million in the prior year period. Net income attributable to shareholders fell to RMB11.1 million (US$1.6 million) from RMB22.6 million. For the first half of 2026, revenue decreased to RMB588.1 million (US$86.7 million), while net income attributable to shareholders increased by 48.0% to RMB20.0 million (US$2.9 million). The company also closed its acquisition of a 29.9% stake in Leader Education Limited for HK$102.69 million on October 15, 2026. Scienjoy is an AI technology and digital entertainment company operating live streaming platforms.

Scienjoy Holding Corporation announced it has entered a sale and purchase agreement to acquire a 29.9% stake in Leader Education Limited for HK$102.69 million (approximately US$13.1 million). The transaction involves the purchase of 239,234,000 ordinary shares from controlling shareholder Shuren Education Limited through Scienjoy's wholly-owned subsidiary, Scienjoy Innovation Labs Inc. Closing is subject to due diligence satisfaction and other customary conditions, with an expected timeline of five business days after conditions are met. The deal is classified as a related party transaction because Scienjoy director Jun Lu also serves as an executive director at Leader Education. Management intends to integrate its AI capabilities with Leader Education's resources to develop intelligent educational solutions. Scienjoy Holding Corporation operates in the technology and entertainment industry, providing mobile live streaming platforms in China.