BEIJING, March 31,
2023 /PRNewswire/ -- iHuman Inc. (NYSE: IH) ("iHuman"
or the "Company"), a leading provider of tech-powered, intellectual
development products in China,
today announced its unaudited financial results for the fourth
quarter and fiscal year ended December 31,
2022.
Fourth Quarter 2022 Highlights
- Revenues reached a record-high of RMB260.7 million (US$37.8
million), compared with RMB237.8
million in the same period last year.
- Gross profit was RMB181.0 million
(US$26.2 million), compared with
RMB164.9 million in the same period
last year.
- Operating income was RMB39.1
million (US$5.7 million), a
remarkable turnaround compared with an operating loss of
RMB10.6 million in the same period
last year.
- Adjusted operating income[1] was RMB44.2 million (US$6.4
million), a remarkable turnaround compared with an adjusted
operating loss of RMB9.0 million in
the same period last year.
- Net income was RMB35.4 million
(US$5.1 million), a remarkable
turnaround compared with a net loss of RMB7.9 million in the same period last year.
- Adjusted net income[1] was RMB40.5 million (US$5.9
million), a remarkable turnaround compared with an adjusted
net loss of RMB6.4 million in the
same period last year.
- Average total MAUs[2] reached a record-high of 22.22
million, a year-over-year increase of 35.9%.
- Number of paying users[3] reached a record-high of
1.75 million, a year-over-year increase of 23.9%.
Fiscal Year 2022 Highlights
- Revenues were RMB985.5 million
(US$142.9 million), compared with
RMB944.7 million in fiscal year
2021.
- Gross profit was RMB691.2 million
(US$100.2 million), compared with
RMB660.6 million in fiscal year
2021.
- Operating income was RMB111.6
million (US$16.2 million), a
remarkable turnaround compared with an operating loss of
RMB54.2 million in fiscal year
2021.
- Adjusted operating income was RMB124.6
million (US$18.1 million), a
remarkable turnaround compared with an adjusted operating loss of
RMB39.1 million in fiscal year
2021.
- Net income was RMB109.8 million
(US$15.9 million), a remarkable
turnaround compared with a net loss of RMB37.1 million in fiscal year 2021.
- Adjusted net income was RMB122.9
million (US$17.8 million), a
remarkable turnaround compared with an adjusted net loss of
RMB21.9 million in fiscal year
2021.
- Average total MAUs for fiscal year 2022 were 19.86
million.
- Number of paying users for fiscal year 2022 was 4.75
million.
[1]
"Adjusted operating income (loss)" and "adjusted net income (loss)"
exclude share-based compensation expenses. Please see "Non-GAAP
Financial Measures" and "Unaudited Reconciliation of GAAP and
non-GAAP Results" at the end of this press release.
|
[2] "Average
total MAUs" refers to the monthly average of the sum of the MAUs of
each of the Company's apps during a specific period, which is
counted based on the number of unique mobile devices through which
such app is accessed at least once in a given month, and duplicate
access to different apps is not eliminated from the total MAUs
calculation.
|
[3] "Paying
users" refers to users who paid subscription fees for premium
content on any of the Company's apps during a specific period; a
user who makes payments across different apps using the same
registered account is counted as one paying user, and a user who
makes payments for the same app multiple times in the same period
is counted as one paying user.
|
Dr. Peng Dai, Director and Chief
Executive Officer of iHuman, commented, "We are thrilled to
close out 2022 on a high note, especially given the
challenging operating environment for companies globally. Our
fourth quarter revenues reached an all-time high, and our bottom
line remained solid. Essential to our robust financial performance
was the continuous improvement of our industry-leading product
offerings. In the quarter, we continued to invest in product
enhancements and new verticals to better serve our
users' needs across markets. In our international markets, we
made further inroads with the launch of Aha World, an
open-ended interactive app for kids to explore and engage in
fantasy world adventures. As a brand-new product developed
specifically for international markets, Aha
World aims to inspire creativity and imagination by
offering kids a highly immersive digital experience with diverse
themes and captivating features. So far, we have rolled out themes
such as "Dino Land",
"Ocean World" and
"Winter Land", each offering an
open-ended virtual space where kids can let their imagination run
wild as they create their own characters, interact with props,
create their own storylines with realistic sound effects, and
more. Domestically, we continued to expand our content library and
diversify our content formats to provide a more dynamic user
experience. For example, for the iHuman Little
Artists app, we rolled out Magic Coloring
Box, an offline feature that can be used side-by-side with the
mobile app to create an integrated online-offline experience.
Powered by our industry-leading AI technologies, the enhanced app
can bring kids' artwork to life by turning it into an animation
with a single snapshot, and allowing kids to interact with their on-screen creations,
dragging and dropping them into different scenarios, and creating
unique stories. Moving forward, we will remain laser-focused on
executing our product-driven strategy to optimize our user
experience, deliver long-term value for our consumers and drive the
sustainable growth of our business."
Ms. Vivien Weiwei Wang, Director
and Chief Financial Officer of iHuman, added, "We are excited to
report another robust quarter, reaching several new record-highs
during the period. We delivered all-time high revenues of
RMB260.7 million in the fourth
quarter, representing an increase of 9.6% year-over-year. This
result reflects the strong appeal of our diversified portfolio and
the solid execution capabilities of our team. More importantly, we
achieved our fourth consecutive quarter of profitability during the
year. Our Fourth quarter operating income
reached a record-high, and net income reached RMB35.4 million, a remarkable turnaround from the
same period last year. The sustained improvement in
profitability also resulted in our first annual profit since our
initial public offering in 2020. In addition, we maintained a
strong balance sheet and healthy operating cash flow, with cash and
cash equivalents exceeding RMB1
billion as of the year end. This provides us with the means
and flexibility to invest in technological and product innovation
and pursue attractive opportunities to propel our continued growth.
On the user front, we saw notable expansion in the scale of our
communities. Our average total MAUs continued on an upward
trajectory, hitting another record high of 22.22 million, an
increase of 35.9% year-over-year. This reflects the effective
execution of our user acquisition strategy. As we enter the new
year, we have a demonstrated track record of delivering on our
objectives and the confidence to build upon the momentum we
achieved in 2022. Looking ahead, we will continue to invest in key
strategic initiatives while maintaining our financial discipline
and operational excellence."
Fourth Quarter 2022 Unaudited Financial Results
Revenues
Revenues were RMB260.7 million
(US$37.8 million), an increase
of 9.6% from RMB237.8 million in the
same period last year, primarily driven by
user expansion and enhanced user engagement.
Average total MAUs for the quarter were 22.22 million, an
increase of 35.9% year-over-year from 16.35 million in the same
period last year. The number of paying users was 1.75 million.
Cost of Revenues
Cost of revenues was RMB79.7
million (US$11.6 million),
an increase of 9.3% from RMB72.9
million in the same period last year, primarily due to an
increase in channel costs, which was in line with the Company's
revenue expansion.
Gross Profit and Gross Margin
Gross profit was RMB181.0 million (US$26.2 million), an increase of 9.8% from
RMB164.9 million in the same period
last year. Gross margin was 69.4%, compared with 69.3% in the same
period last year.
Operating Expenses
Total operating expenses were RMB141.9
million (US$20.6 million), a
decrease of 19.2% from RMB175.5
million in the same period last year.
Research and development expenses were RMB66.8 million (US$9.7
million), a decrease of 38.8% from RMB109.1 million in the same period last year,
primarily due to payroll-related cost savings and decreased
outsourcing expenses.
Sales and marketing expenses were RMB45.8 million (US$6.6 million), an increase of 25.0% from
RMB36.7 million in the same period
last year, primarily due to increased strategic investments in
seasonal promotional activities.
General and administrative expenses were RMB29.3 million (US$4.2 million), a decrease of 1.7% from
RMB29.8 million in the same period
last year.
Operating Income
Operating income was RMB39.1
million (US$5.7 million),
compared with an operating loss of RMB10.6
million in the same period last year.
Excluding share-based compensation expenses, adjusted operating
income was RMB44.2 million
(US$6.4 million), compared with an
adjusted operating loss of RMB9.0
million in the same period last year.
Net Income
Net income was RMB35.4 million
(US$5.1 million), compared with a net
loss of RMB7.9 million in the same
period last year.
Adjusted net income was RMB40.5
million (US$5.9 million),
compared with an adjusted net loss of RMB6.4
million in the same period last year.
Basic and diluted net income per ADS were RMB0.67 (US$0.10)
and RMB0.66 (US$0.10), respectively, compared with basic and
diluted net loss per ADS of RMB0.15
in the same period last year. Each ADS represents five Class A
ordinary shares of the Company.
Adjusted diluted net income per ADS was RMB0.75 (US$0.11),
compared with an adjusted diluted net loss per ADS of RMB0.12 in the same period last year.
Deferred Revenue and Customer
Advances
Deferred revenue and customer advances were RMB379.1 million (US$55.0
million) as of December 31,
2022, compared with RMB303.0
million as of December 31,
2021.
Cash and Cash Equivalents
Cash and cash equivalents were RMB1,050.0
million (US$152.2 million) as
of December 31, 2022, compared with
RMB855.4 million as of December 31, 2021.
Fiscal Year 2022 Unaudited Financial Results
Revenues
Revenues were RMB985.5 million
(US$142.9 million), an increase of
4.3% from RMB944.7 million in fiscal
year 2021.
Average total MAUs were 19.86 million, an increase of 21.1%
year-over-year from 16.40 million in fiscal year 2021. The number
of paying users for the year was 4.75 million.
Cost of Revenues
Cost of revenues was RMB294.3
million (US$42.7 million), an
increase of 3.6% from RMB284.1
million in fiscal year 2021.
Gross Profit and Gross Margin
Gross profit was RMB691.2 million (US$100.2 million), an increase of 4.6% from
RMB660.6 million in fiscal year 2021.
Gross margin was 70.1%, compared with 69.9% in fiscal year
2021.
Operating Expenses
Total operating expenses were RMB579.6
million (US$84.0 million), a
decrease of 18.9% from RMB714.9
million in fiscal year 2021.
Research and development expenses were RMB313.5 million (US$45.5
million), a decrease of 24.5% from RMB415.3 million in fiscal year 2021, primarily
due to payroll-related cost savings and decreased outsourcing
expenses.
Sales and marketing expenses were RMB156.9 million (US$22.8 million), a decrease of 22.4% from
RMB202.1 million in fiscal year 2021,
primarily due to a cost-effective and optimized advertising
strategy.
General and administrative expenses were RMB109.2 million (US$15.8
million), an increase of 12.1% from RMB97.4 million in fiscal year 2021, primarily
due to expenses related to upgrading the Company's corporate
governance and compliance structure as a publicly listed
company.
Operating Income
Operating income was RMB111.6
million (US$16.2 million),
compared with an operating loss of RMB54.2
million in fiscal year 2021.
Excluding share-based compensation expenses, adjusted operating
income was RMB124.6 million
(US$18.1 million), compared with an
adjusted operating loss of RMB39.1
million in fiscal year 2021.
Net Income
Net income was RMB109.8 million
(US$15.9 million), compared with a
net loss of RMB37.1 million in fiscal
year 2021.
Adjusted net income was RMB122.9
million (US$17.8 million),
compared with an adjusted net loss of RMB21.9 million in fiscal year 2021.
Basic and diluted net income per ADS were RMB2.06 (US$0.30)
and RMB2.03 (US$0.29), respectively, compared with basic and
diluted net loss per ADS of RMB0.69
in fiscal year 2021. Each ADS represents five Class A ordinary
shares of the Company.
Adjusted diluted net income per ADS was RMB2.27 (US$0.33),
compared with an adjusted diluted net loss per ADS of RMB0.41 in fiscal year 2021.
Exchange Rate Information
The U.S. dollar (US$) amounts disclosed in this press release,
except for those transaction amounts that were actually settled in
U.S. dollars, are presented solely for the convenience of the
reader. The conversion of Renminbi (RMB) into US$ in this press
release is based on the exchange rate set forth in the H.10
statistical release of the Board of Governors of the Federal
Reserve System as of December 30,
2022, which was RMB6.8972 to
US$1.00. The percentages stated in
this press release are calculated based on the RMB amounts.
Non-GAAP Financial Measures
iHuman considers and uses non-GAAP financial measures, such as
adjusted operating income (loss), adjusted net income
(loss) and adjusted diluted net income (loss) per ADS, as
supplemental metrics in reviewing and assessing its operating
performance and formulating its business plan. The presentation of
non-GAAP financial measures is not intended to be considered in
isolation or as a substitute for the financial information prepared
and presented in accordance with accounting principles generally
accepted in the United States of
America ("U.S. GAAP"). iHuman defines adjusted operating
income (loss), adjusted net income (loss) and
adjusted diluted net income (loss) per ADS as operating
income (loss), net income (loss) and diluted net
income (loss) per ADS excluding share-based compensation
expenses, respectively. Adjusted operating income (loss), adjusted
net income (loss) and adjusted diluted net income
(loss) per ADS enable iHuman's management to assess its
operating results without considering the impact of share-based
compensation expenses, which are non-cash charges. iHuman believes
that these non-GAAP financial measures provide useful information
to investors in understanding and evaluating the Company's current
operating performance and prospects in the same manner as
management does, if they so choose.
Non-GAAP financial measures are not defined under U.S. GAAP and
are not presented in accordance with U.S. GAAP. Non-GAAP financial
measures have limitations as analytical tools, which possibly do
not reflect all items of expense that affect our operations.
Share-based compensation expenses have been and may continue to be
incurred in our business and are not reflected in the presentation
of the non-GAAP financial measures. In addition, the non-GAAP
financial measures iHuman uses may differ from the non-GAAP
measures used by other companies, including peer companies, and
therefore their comparability may be limited. The presentation of
these non-GAAP financial measures is not intended to be considered
in isolation from or as a substitute for the financial information
prepared and presented in accordance with GAAP.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements.
Statements that are not historical facts, including statements
about iHuman's beliefs and expectations, are forward-looking
statements. Among other things, the description of the management's
quotations in this announcement contains forward-looking
statements. iHuman may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC"), in its annual report to
shareholders, in press releases and other written materials, and in
oral statements made by its officers, directors or employees to
third parties. Forward-looking statements involve inherent risks
and uncertainties. A number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement, including but not limited to the following: iHuman's
growth strategies; its future business development, financial
condition and results of operations; its ability to continue to
attract and retain users, convert non-paying users into paying
users and increase the spending of paying users, the trends in, and
size of, the market in which iHuman operates; its expectations
regarding demand for, and market acceptance of, its products and
services; its expectations regarding its relationships with
business partners; general economic and business conditions;
regulatory environment; and assumptions underlying or related to
any of the foregoing. Further information regarding these and other
risks is included in iHuman's filings with the SEC. All information
provided in this press release is as of the date of this press
release, and iHuman does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
About iHuman Inc.
iHuman Inc. is a leading provider of tech-powered, intellectual
development products in China that
is committed to making the child-rearing experience easier for
parents and transforming cognitive development into a fun journey
for children. Benefiting from a deep legacy that combines over two
decades of experience in the parenthood industry, superior original
content, advanced high-tech innovation DNA and research &
development capabilities with cutting-edge technologies, iHuman
empowers parents with tools to make the child-upbringing experience
more efficient. iHuman's unique, fun and interactive product
offerings stimulate children's natural curiosity and exploration.
The Company's comprehensive suite of innovative and high-quality
products include self-directed apps, interactive content and smart
devices that cover a broad variety of areas to develop children's
abilities in speaking, critical thinking, independent reading and
creativity, and foster their natural interest in traditional
Chinese culture. Leveraging advanced technological capabilities,
including 3D engines, AI/AR functionality, and big data analysis on
children's behavior & psychology, iHuman believes it will
continue to provide superior experience that is efficient and
relieving for parents, and effective and fun for children, in
China and all over the world,
through its integrated suite of tech-powered, intellectual
development products.
For more information about iHuman, please visit
https://ir.ihuman.com/.
For investor and media enquiries, please contact:
iHuman Inc.
Mr. Justin Zhang
Investor Relations Director
Phone: +86 10 5780-6606
E-mail: ir@ihuman.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-13801110739
E-mail: eric.yuan@christensencomms.com
In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: linda.bergkamp@christensencomms.com
iHuman Inc.
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(Amounts in
thousands of Renminbi ("RMB") and U.S. dollars
("US$")
|
except for number of
shares, ADSs, per share and per ADS
data)
|
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2021
|
|
2022
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
855,362
|
|
1,049,999
|
|
152,236
|
Accounts receivable,
net
|
56,132
|
|
79,614
|
|
11,543
|
Inventories,
net
|
28,054
|
|
19,127
|
|
2,773
|
Amounts due from
related parties
|
2,845
|
|
2,286
|
|
331
|
Prepayments and other
current assets
|
72,851
|
|
102,765
|
|
14,900
|
Total current
assets
|
1,015,244
|
|
1,253,791
|
|
181,783
|
Non-current
assets
|
|
|
|
|
|
Property and
equipment, net
|
12,286
|
|
9,205
|
|
1,335
|
Intangible assets,
net
|
27,287
|
|
24,872
|
|
3,606
|
Operating
lease right-of-use assets
|
38,237
|
|
12,782
|
|
1,853
|
Long-term
investment
|
-
|
|
26,333
|
|
3,818
|
Amounts due from
related parties
|
4,223
|
|
-
|
|
-
|
Other non-current
assets
|
3,604
|
|
6,416
|
|
931
|
Total non-current
assets
|
85,637
|
|
79,608
|
|
11,543
|
Total
assets
|
1,100,881
|
|
1,333,399
|
|
193,326
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accounts
payable
|
30,536
|
|
24,206
|
|
3,510
|
Deferred revenue and
customer advances
|
302,980
|
|
379,063
|
|
54,959
|
Amounts due to related
parties
|
8,853
|
|
6,944
|
|
1,007
|
Accrued expenses and
other current liabilities
|
115,895
|
|
144,717
|
|
20,982
|
Current operating
lease liabilities
|
24,669
|
|
6,123
|
|
888
|
Total current
liabilities
|
482,933
|
|
561,053
|
|
81,346
|
Non-current
liabilities
|
|
|
|
|
|
Non-current operating
lease liabilities
|
9,577
|
|
2,894
|
|
420
|
Total non-current
liabilities
|
9,577
|
|
2,894
|
|
420
|
Total
liabilities
|
492,510
|
|
563,947
|
|
81,766
|
SHAREHOLDERS'
EQUITY
|
|
|
|
|
|
Ordinary shares (par
value of US$0.0001 per share,
700,000,000 Class A shares authorized as of
December
31, 2021 and December 31, 2022; 125,122,382 Class
A
shares issued and 123,852,667 outstanding as of
December 31, 2021; 125,122,382 Class A shares
issued
and 121,722,467 outstanding as of December 31,
2022;
200,000,000 Class B shares authorized, 144,000,000
Class B ordinary shares issued and outstanding as
of
December 31, 2021 and December 31, 2022;
100,000,000
shares (undesignated) authorized, nil shares
(undesignated) issued and outstanding as of December
31,
2021 and December 31, 2022)
|
185
|
|
185
|
|
27
|
Additional paid-in
capital
|
1,066,052
|
|
1,079,099
|
|
156,455
|
Treasury
stock
|
(164)
|
|
(7,123)
|
|
(1,033)
|
Statutory
reserves
|
606
|
|
7,967
|
|
1,155
|
Accumulated other
comprehensive income (loss)
|
(34,677)
|
|
10,497
|
|
1,522
|
Accumulated
deficit
|
(423,631)
|
|
(321,173)
|
|
(46,566)
|
Total shareholders'
equity
|
608,371
|
|
769,452
|
|
111,560
|
Total liabilities
and shareholders' equity
|
1,100,881
|
|
1,333,399
|
|
193,326
|
iHuman Inc.
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(Amounts in
thousands of Renminbi ("RMB") and U.S. dollars
("US$")
|
except for number of
shares, ADSs, per share and per ADS data)
|
|
|
For the three months
ended
|
|
For the year
ended
|
|
December
31,
|
|
September
30,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2021
|
|
2022
|
|
2022
|
|
2022
|
|
2021
|
|
2022
|
|
2022
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
237,822
|
|
251,527
|
|
260,704
|
|
37,799
|
|
944,722
|
|
985,517
|
|
142,887
|
Cost of
revenues
|
(72,913)
|
|
(74,422)
|
|
(79,707)
|
|
(11,556)
|
|
(284,098)
|
|
(294,343)
|
|
(42,676)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
164,909
|
|
177,105
|
|
180,997
|
|
26,243
|
|
660,624
|
|
691,174
|
|
100,211
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development expenses
|
(109,081)
|
|
(71,859)
|
|
(66,796)
|
|
(9,685)
|
|
(415,334)
|
|
(313,481)
|
|
(45,450)
|
Sales and marketing
expenses
|
(36,652)
|
|
(41,669)
|
|
(45,811)
|
|
(6,642)
|
|
(202,093)
|
|
(156,916)
|
|
(22,751)
|
General and
administrative expenses
|
(29,751)
|
|
(25,035)
|
|
(29,253)
|
|
(4,241)
|
|
(97,445)
|
|
(109,195)
|
|
(15,832)
|
Total operating
expenses
|
(175,484)
|
|
(138,563)
|
|
(141,860)
|
|
(20,568)
|
|
(714,872)
|
|
(579,592)
|
|
(84,033)
|
Operating income
(loss)
|
(10,575)
|
|
38,542
|
|
39,137
|
|
5,675
|
|
(54,248)
|
|
111,582
|
|
16,178
|
Other income,
net
|
2,691
|
|
9,611
|
|
5,315
|
|
771
|
|
17,052
|
|
21,190
|
|
3,072
|
Income (loss) before
income taxes
|
(7,884)
|
|
48,153
|
|
44,452
|
|
6,446
|
|
(37,196)
|
|
132,772
|
|
19,250
|
Income tax benefit
(expenses)
|
(25)
|
|
(8,675)
|
|
(9,019)
|
|
(1,308)
|
|
145
|
|
(22,953)
|
|
(3,328)
|
Net income
(loss)
|
(7,909)
|
|
39,478
|
|
35,433
|
|
5,138
|
|
(37,051)
|
|
109,819
|
|
15,922
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
per ADS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
Basic
|
(0.15)
|
|
0.74
|
|
0.67
|
|
0.10
|
|
(0.69)
|
|
2.06
|
|
0.30
|
-
Diluted
|
(0.15)
|
|
0.73
|
|
0.66
|
|
0.10
|
|
(0.69)
|
|
2.03
|
|
0.29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of ADSs:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
Basic
|
53,331,950
|
|
53,240,710
|
|
53,205,925
|
|
53,205,925
|
|
53,326,360
|
|
53,307,044
|
|
53,307,044
|
-
Diluted
|
53,331,950
|
|
54,114,651
|
|
54,033,560
|
|
54,033,560
|
|
53,326,360
|
|
54,040,908
|
|
54,040,908
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total share-based
compensation expenses included in:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
172
|
|
77
|
|
168
|
|
24
|
|
940
|
|
348
|
|
50
|
Research and
development expenses
|
220
|
|
2,045
|
|
2,564
|
|
372
|
|
5,431
|
|
6,377
|
|
925
|
Sales and marketing
expenses
|
80
|
|
698
|
|
559
|
|
81
|
|
3,010
|
|
1,599
|
|
232
|
General and
administrative expenses
|
1,054
|
|
1,187
|
|
1,757
|
|
255
|
|
5,794
|
|
4,720
|
|
684
|
iHuman Inc.
|
UNAUDITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
|
(Amounts in
thousands of Renminbi ("RMB") and U.S. dollars
("US$")
|
except for number of
shares, ADSs, per share and per ADS data)
|
|
|
For the three months
ended
|
|
For the year
ended
|
|
December
31,
|
|
September
30,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2021
|
|
2022
|
|
2022
|
|
2022
|
|
2021
|
|
2022
|
|
2022
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
(loss)
|
(10,575)
|
|
38,542
|
|
39,137
|
|
5,675
|
|
(54,248)
|
|
111,582
|
|
16,178
|
Share-based
compensation expenses
|
1,526
|
|
4,007
|
|
5,048
|
|
732
|
|
15,175
|
|
13,044
|
|
1,891
|
Adjusted operating
income (loss)
|
(9,049)
|
|
42,549
|
|
44,185
|
|
6,407
|
|
(39,073)
|
|
124,626
|
|
18,069
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
(7,909)
|
|
39,478
|
|
35,433
|
|
5,138
|
|
(37,051)
|
|
109,819
|
|
15,922
|
Share-based
compensation expenses
|
1,526
|
|
4,007
|
|
5,048
|
|
732
|
|
15,175
|
|
13,044
|
|
1,891
|
Adjusted net income
(loss)
|
(6,383)
|
|
43,485
|
|
40,481
|
|
5,870
|
|
(21,876)
|
|
122,863
|
|
17,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net income
(loss) per ADS
|
(0.15)
|
|
0.73
|
|
0.66
|
|
0.10
|
|
(0.69)
|
|
2.03
|
|
0.29
|
Impact of non-GAAP
adjustments
|
0.03
|
|
0.07
|
|
0.09
|
|
0.01
|
|
0.28
|
|
0.24
|
|
0.04
|
Adjusted diluted net
income (loss) per ADS
|
(0.12)
|
|
0.80
|
|
0.75
|
|
0.11
|
|
(0.41)
|
|
2.27
|
|
0.33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of ADSs – diluted
|
53,331,950
|
|
54,114,651
|
|
54,033,560
|
|
54,033,560
|
|
53,326,360
|
|
54,040,908
|
|
54,040,908
|
Weighted average
number of ADSs – adjusted
|
53,331,950
|
|
54,114,651
|
|
54,033,560
|
|
54,033,560
|
|
53,326,360
|
|
54,040,908
|
|
54,040,908
|
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SOURCE iHuman Inc.