iHuman(IH)2023-09-20 16:00Financial Performance - Revenues for Q2 2023 were RMB241.0 million (US23.6 million), reflecting a 4.7% increase from RMB163.2 million in the same period last year[6] - Operating income rose to RMB40.9 million (US5.8 million), a significant year-over-year increase of 93.1% from RMB21.8 million[9] - Adjusted net income for the three months ended June 30, 2023, was RMB 44,505,000, compared to RMB 23,822,000 for the same period in 2022, reflecting an increase of 86.7%[27] - The company reported a diluted net income per ADS of RMB 0.77 for the three months ended June 30, 2023, compared to RMB 0.40 for the same period in 2022, an increase of 92.5%[27] User Engagement - Average total MAUs for the quarter were 20.33 million, representing an 11.7% increase from 18.20 million in the same period last year[5] - The number of paying users was 1.31 million, contributing to the overall revenue growth[5] - The company launched new modules in its apps, including "Interactive Art Gallery" and "Chinese Characters in Daily Life," aimed at enhancing user engagement and creativity[3] Expenses and Cost Management - Research and development expenses decreased by 18.9% to RMB63.4 million (US152.4 million) as of June 30, 2023, compared to RMB1,050.0 million at the end of 2022[11] - Total assets increased from RMB 1,333,399,000 as of December 31, 2022, to RMB 1,341,907,000 as of June 30, 2023, reflecting a growth of 0.4%[20] - Total current assets rose from RMB 1,253,791,000 to RMB 1,273,298,000, an increase of 1.5%[20] - Cash and cash equivalents decreased from RMB 1,049,999,000 to RMB 967,472,000, a decline of 7.9%[20] Liabilities and Equity - Total liabilities decreased from RMB 563,947,000 to RMB 463,828,000, a reduction of 17.8%[20] - Total shareholders' equity increased from RMB 769,452,000 to RMB 878,079,000, a growth of 14.2%[21]