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Breaking News: Scienjoy Holding Corporation Reports Fiscal Year 2020 Unaudited Financial Results, Unaudited Quarterly Revenues Exceeded Guidance Forecasts for Third and Fourth Quarters, and Unaudited Annual Revenues Increased by 33.6% Year Over Year | #site_titleBreaking News: Scienjoy Holding Corporation Reports Fiscal Year 2020 Unaudited Financial Results, Unaudited Quarterly Revenues Exceeded Guidance Forecasts for Third and Fourth Quarters, and Unaudited Annual Revenues Increased by 33.6% Year Over Year


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Scienjoy Holding Corporation (NASDAQ: SJ), a leading live entertainment mobile streaming platform in China, today announced its unaudited financial results for the year ended December 31, 2020.
 The following are all unaudited financial information.
Fiscal Year 2020 Operating and Unaudited Financial Highlights
Total net revenues increased by 33.6% to RMB1,222.2 million (US$187.3 million) from RMB914.6 million in fiscal year 2019, and the Company’s quarterly net revenues exceeded its guidance forecasts for the third and fourth quarters of fiscal year 2020.
Gross profit was RMB262.2 million (US$40.2 million), representing a year-over-year increase of 35.2% in fiscal year 2020 as compared to a year-over-year increase of 30.3% in fiscal year 2019. Gross margin further improved to 21.5% in fiscal year 2020 from 21.2% in fiscal year 2019 and 20.0% in fiscal year 2018. ....

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Change of Tact Has Led to an Increase in the Utilization of Cryptocurrency


Change of Tact Has Led to an Increase in the Utilization of Cryptocurrency
- FinancialBuzz.com News Commentary
NEW YORK, April 16, 2021 /PRNewswire/ A major portion of the economy has transitioned to remote, and for most companies it is still unclear how long it will take until the economy returns to pre-pandemic norms. As a result, several sectors in the technology industry have grown in demand. For example, cloud computing, digital payments and in particular the cryptocurrency and blockchain segments are back at the center of attention this year. As a result of the recent crypto boom, investors have once again started to view the new digital currencies as potential long-term investments necessary in a properly diversified portfolio. For example, this week, Coinbase shares closed at USD 328.28 in their Nasdaq debut on Wednesday, at which point the company s market cap reached USD 85.8 Billion on a fully diluted basis. Coinbase provides financial infrastructure and techn ....

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