XML 28 R24.htm IDEA: XBRL DOCUMENT v3.25.0.1
Organization (Tables)
9 Months Ended
Sep. 30, 2024
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of VIEs and VIEs' Subsidiaries Included in Consolidated Balance Sheets and Statements of Comprehensive Loss

The carrying amounts of the assets, liabilities and the results of operations of the VIEs and VIEs’ subsidiaries included in the Company’s condensed consolidated balance sheets and statements of comprehensive income are as follows:

 

 

 

As of

 

 

 

December 31,

 

 

September 30,

 

 

September 30,

 

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

US$

 

ASSETS

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

2,832,913

 

 

 

1,431,502

 

 

 

203,987

 

Short-term investments

 

 

333,191

 

 

 

734,430

 

 

 

104,655

 

Accounts receivable, net

 

 

2,061,497

 

 

 

2,145,629

 

 

 

305,750

 

Licensed copyrights, net

 

 

361,225

 

 

 

317,468

 

 

 

45,239

 

Prepayments and other assets

 

 

2,603,639

 

 

 

2,341,719

 

 

 

333,692

 

Total current assets

 

 

8,192,465

 

 

 

6,970,748

 

 

 

993,323

 

Non-current assets:

 

 

 

 

 

 

 

 

 

Fixed assets, net

 

 

600,586

 

 

 

589,693

 

 

 

84,031

 

Long-term investments

 

 

1,712,915

 

 

 

1,563,216

 

 

 

222,756

 

Licensed copyrights, net

 

 

1,951,329

 

 

 

1,742,231

 

 

 

248,266

 

Produced content, net

 

 

12,349,284

 

 

 

13,032,262

 

 

 

1,857,082

 

Operating lease assets

 

 

545,894

 

 

 

500,832

 

 

 

71,368

 

Goodwill

 

 

2,345,466

 

 

 

2,345,466

 

 

 

334,226

 

Others

 

 

745,107

 

 

 

1,050,207

 

 

 

149,653

 

Total non-current assets

 

 

20,250,581

 

 

 

20,823,907

 

 

 

2,967,382

 

Total assets

 

 

28,443,046

 

 

 

27,794,655

 

 

 

3,960,705

 

LIABILITIES

 

 

 

 

 

 

 

 

 

Third-party liabilities

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

Accounts and notes payable

 

 

3,197,634

 

 

 

3,700,389

 

 

 

527,301

 

Customer advances and deferred revenue

 

 

4,234,384

 

 

 

4,173,734

 

 

 

594,752

 

Short-term loans

 

 

2,292,845

 

 

 

2,232,148

 

 

 

318,079

 

Long-term loans, current portion

 

 

 

 

 

28,800

 

 

 

4,104

 

Operating lease liabilities, current portion

 

 

83,575

 

 

 

78,310

 

 

 

11,159

 

Accrued expenses and other liabilities

 

 

2,641,951

 

 

 

3,035,549

 

 

 

432,562

 

Total current liabilities

 

 

12,450,389

 

 

 

13,248,930

 

 

 

1,887,957

 

Non-current liabilities:

 

 

 

 

 

 

 

 

 

Long-term loans

 

 

 

 

 

303,700

 

 

 

43,277

 

Operating lease liabilities

 

 

485,139

 

 

 

437,364

 

 

 

62,324

 

Other non-current liabilities

 

 

1,037,634

 

 

 

874,991

 

 

 

124,685

 

Total non-current liabilities

 

 

1,522,773

 

 

 

1,616,055

 

 

 

230,286

 

Amounts due to the Company and its subsidiaries

 

 

21,712,172

 

 

 

19,663,128

 

 

 

2,801,973

 

Total liabilities

 

 

35,685,334

 

 

 

34,528,113

 

 

 

4,920,216

 

 

 

 

 

Nine months ended September 30,

 

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

US$

 

Total revenues

 

 

22,496,529

 

 

 

21,285,082

 

 

 

3,033,100

 

    Third-party revenues

 

 

22,368,994

 

 

 

21,071,839

 

 

 

3,002,713

 

    Inter-Group revenues

 

 

127,535

 

 

 

213,243

 

 

 

30,387

 

Cost of revenues

 

 

(18,628,332

)

 

 

(17,628,297

)

 

 

(2,512,013

)

   Third-party cost of revenues

 

 

(13,180,284

)

 

 

(11,612,721

)

 

 

(1,654,800

)

   Inter-Group cost of revenues

 

 

(5,448,048

)

 

 

(6,015,576

)

 

 

(857,213

)

Net income

 

 

343,650

 

 

 

439,050

 

 

 

62,564

 

Net cash provided by/(used for) operating activities

 

 

184,342

 

 

 

(1,524,996

)

 

 

(217,310

)

Net cash provided by/(used for) investing activities

 

 

268,907

 

 

 

(461,940

)

 

 

(65,826

)

Net cash (used for)/provided by financing activities

 

 

(315,643

)

 

 

585,525

 

 

 

83,437