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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 224,768 $ 34,447 ¥ 137,351
Accounts receivable, net 228,214 34,975 120,110
Prepaid expenses and other current assets 13,753 2,108 11,557
Amounts due from related parties 7 1 7
Loan receivables - related parties 500
Total current assets 466,742 71,531 269,525
Property and equipment, net 1,356 208 736
Intangible assets, net 239,634 36,726 195
Goodwill 92,069 14,110
Long term investment 5,000 766 5,000
Long term deposits and other assets 1,382 212 2,761
Deferred IPO costs 1,307
Deferred tax assets 5,654 867 474
Total non-current assets 345,095 52,889 10,473
TOTAL ASSETS 811,837 124,420 279,998
Current liabilities      
Accounts payable 67,089 10,281 27,163
Accrued salary and employee benefits 18,141 2,780 8,727
Accrued expenses and other current liabilities 12,358 1,894 6,852
Current portion of contingent consideration – earn-out liability 92,183 14,128
Warrant liabilities 29,558 4,530
Income tax payable 8,581 1,315 8,435
Loan payables - related parties 5,525
Amounts due to related parties 8,482
Deferred revenue 49,567 7,596 40,288
Total current liabilities 277,477 42,524 105,472
Non-current liabilities      
Deferred tax liabilities 59,729 9,154
Contingent consideration – earn-out liability 15,116 2,317
Total non-current liabilities 74,845 11,471
TOTAL LIABILITIES 352,322 53,995 105,472
Commitments and contingencies Shareholders’ equity [1]
Ordinary share, no par value, unlimited shares authorized, 19,400,000 and 27,037,302 shares issued and outstanding as of December 31, 2019 and 2020, respectively (96,349) (14,766) 9,664
Shares to be issued 200,100 30,667
Statutory reserves 18,352 2,813 12,059
Retained earnings 322,610 49,442 152,803
Accumulated other comprehensive income 14,802 2,269  
Total shareholders’ equity 459,515 70,425 174,526
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ¥ 811,837 $ 124,420 ¥ 279,998
[1] Ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization