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
Moreover, our net revenues exceeded our previously stated guidance forecasts in both the third and fourth quarters of 2020, further displaying the resiliency of our business and our steady growth trajectory.
- Moreover, our net revenues exceeded our previously stated guidance forecasts in both the third and fourth quarters of 2020, further displaying the resiliency of our business and our steady growth trajectory.
- "\nTotal net revenuesin fiscal year 2020 increased by 33.6% to RMB1,222.2 million (US$187.3 million) from RMB914.6 million in fiscal year 2019.
- The number of paying users in fiscal year 2020 was 904,568,increasing by 30% from 697,475 in fiscal year 2019.
- Gross margin in fiscal year 2020, fiscal year 2019, and fiscal year 2018 was 21.5%, 21.2%, and 20.0%, respectively.