iHuman(US:IH)2025-09-18 11:08Financial Performance - Revenues for Q2 2025 were RMB200.2 million (US$27.9 million), a decrease of 6.8% from RMB215.1 million in the same period last year[8] - Gross profit was RMB135.7 million (US$19.0 million), down from RMB151.7 million, resulting in a gross margin of 67.8%, compared to 70.5% last year[14] - Operating income increased to RMB19.5 million (US$2.7 million), compared to RMB18.8 million in the same period last year[17] - Net income rose to RMB31.9 million (US$4.5 million), up from RMB24.7 million, with basic and diluted net income per ADS at RMB0.62 (US$0.09) and RMB0.60 (US$0.08) respectively[18] - Total revenues for the three months ended June 30, 2025, were RMB 200,162, a decrease of 6.1% compared to RMB 215,107 for the same period in 2024[33] - Gross profit for the six months ended June 30, 2025, was RMB 279,524, down from RMB 319,846 in the same period of 2024, representing a decline of 12.6%[33] - Operating income for the three months ended June 30, 2025, was RMB 19,489, compared to RMB 18,827 for the previous quarter, reflecting an increase of 3.5%[36] - Net income for the three months ended June 30, 2025, was RMB 31,889, an increase of 29.5% from RMB 24,663 in the same period of 2024[33] - Adjusted net income for the three months ended June 30, 2025, was RMB 31,976, showing a growth of 25.5% year-over-year[36] Expenses and Liabilities - Total operating expenses decreased by 12.5% to RMB116.3 million (US$16.2 million) from RMB132.9 million in the same period last year[15] - Research and development expenses were RMB52.8 million (US$7.4 million), a decrease of 7.7% from RMB57.2 million last year[15] - Research and development expenses for the three months ended June 30, 2025, were RMB 52,834, a decrease of 7.5% from RMB 57,219 in the previous quarter[33] - Total liabilities increased to RMB 458,796 as of December 31, 2024, compared to RMB 365,696 as of June 30, 2025, indicating a rise of 25.5%[30] Cash and Investments - Cash, cash equivalents, and short-term investments were RMB1,100.1 million (US$153.6 million) as of June 30, 2025, down from RMB1,168.7 million at the end of 2024[20] - Cash and cash equivalents as of December 31, 2024, were RMB 1,123,292, significantly higher than RMB 605,136 as of June 30, 2025[30] User Metrics - Average total MAUs for the quarter were 23.72 million, a decline of 3.5% from 24.57 million in the same period last year[12] Strategic Initiatives - The company established a strategic partnership with Cricket Media to enhance its global content strategy and expand its presence in the U.S. education market[6] Deferred Revenue - Deferred revenue and customer advances were RMB240.0 million (US$33.5 million) as of June 30, 2025, compared to RMB283.3 million as of December 31, 2024[19] Shareholder Information - The weighted average number of ADSs for diluted earnings per share was 53,478,410 for the three months ended June 30, 2025[36]