• Scienjoy posted first-quarter net income of RMB 7.6 million, returning to profit from a year-ago loss, while net income attributable to shareholders was RMB 8.9 million.
• Revenue fell 8.04% to RMB 282.6 million, pressured by a decline in paying users to 123,266 amid competition in China’s mobile live-streaming market.
• Gross profit dropped 15.7% to RMB 50.2 million, with gross margin narrowing 1.7 percentage points to 17.7%.
• Operating income slipped 17.47% to RMB 11.3 million, while cash and cash equivalents rose to RMB 326.3 million as of March 31 from December 31.
• Management highlighted a “meaningful return to profitability” in the core live-streaming business, while accelerating its AI strategy including an upgrade to AI Vista Live! aimed at AI commercialization and enterprise solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scienjoy Holding Corp. published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.