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Investments (Tables)
12 Months Ended
Dec. 31, 2022
Schedule of Unrealized and Realized Gains and Losses of Equity Securities

Total unrealized and realized gains and losses of equity securities without readily determinable fair values for the years ended December 31, 2020, 2021 and 2022 were as follows:

 

 

For the year ended December 31,

 

 

2020

 

 

2021

 

 

2022

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Gross unrealized gains (upward adjustments)

 

 

121,555

 

 

 

82,504

 

 

 

33,346

 

 

 

4,835

 

Gross unrealized losses (impairment)

 

 

(66,063

)

 

 

(351,380

)

 

 

(287,005

)

 

 

(41,612

)

Net unrealized gains (losses) on equity securities held

 

 

55,492

 

 

 

(268,876

)

 

 

(253,659

)

 

 

(36,777

)

Net realized gains on equity securities sold

 

 

482,202

 

 

 

67,105

 

 

 

32,536

 

 

 

4,717

 

Total net gains (losses) recognized in other income, net

 

 

537,694

 

 

 

(201,771

)

 

 

(221,123

)

 

 

(32,060

)

Summary of unaudited condensed financial information of the Group's equity investments The Group summarized the unaudited condensed financial information of the Group’s equity method investments as a group below in accordance with Rule 4-08 of Regulation S-X:

 

 

As of December 31,

 

 

2021

 

 

2022

 

 

RMB

 

 

RMB

 

 

US$

 

Balance sheet data:

 

 

 

 

 

 

 

 

 

Current assets

 

 

520,871

 

 

 

463,921

 

 

 

67,262

 

Non-current assets

 

 

1,798,402

 

 

 

1,404,594

 

 

 

203,647

 

Current liabilities

 

 

182,176

 

 

 

173,776

 

 

 

25,195

 

Non-current liabilities

 

 

7,746

 

 

 

13,249

 

 

 

1,921

 

Redeemable preferred shares

 

 

906,420

 

 

 

1,059,852

 

 

 

153,664

 

 

 

For the year ended December 31,

 

 

2020

 

 

2021

 

 

2022

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Operating data:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

944,974

 

 

 

925,020

 

 

 

755,532

 

 

 

109,542

 

Gross profit

 

 

307,531

 

 

 

407,487

 

 

 

285,140

 

 

 

41,341

 

Operating income (loss)

 

 

109,456

 

 

 

459,079

 

 

 

(10,022

)

 

 

(1,453

)

Net income (loss)

 

 

115,962

 

 

 

464,352

 

 

 

(8,133

)

 

 

(1,179

)