XML 27 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Cash flows from operating activities        
Net income ¥ 176,100 $ 26,988 ¥ 149,918 ¥ 106,740
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation of property and equipment 555 85 655 1,167
Amortization of intangible assets 1,749 268 26 24
Provision (recovery) for doubtful accounts (8,253) (1,265) 854 6,826
Loss from disposal of property and equipment 2
Deferred tax expenses (benefit) 1,945 298 (191) 87
Change in fair value of contingent consideration 14,068 2,156
Change in fair value of warrant liabilities (3,904) (598)    
Changes in operating assets and liabilities        
Accounts receivable (70,513) (10,807) 100,432 15,297
Prepaid expense and other current assets 5,193 796 18,553 (24,445)
Long term deposits and other assets 1,379 211 (258) 66
Accounts payable 28,396 4,352 (54,533) 18,243
Deferred revenue 1,404 215 1,886 (17,913)
Accrued salary and employee benefits 8,028 1,230 4,603 316
Accrued expenses and other current liabilities (852) (131) 6,520 (161)
Income tax payable 146 22 419 1,039
Net cash provided by operating activities 155,441 23,820 228,886 107,286
Cash flows from investing activities        
Cash acquired from acquisition 10,152 1,556
Payment to BeeLive acquisition (50,000) (7,663)
Payment for long term investment (5,000)
Purchase of property and equipment and intangible assets (1,086) (167) (457) (553)
Net cash used in investing activities (40,934) (6,274) (5,457) (553)
Cash flows from financing activities        
Dividend distributions to shareholders (104,590) (228,500)
Net cash acquired in the reverse recapitalization 32,659 5,005
Capital distribution due to reorganization (32,328) (10,000)
Capital contribution 8,399
Repayments to loan (57,400) (8,797)
Repayments from related parties 22,340 3,424 31,000 59,215
Loan to related parties (14,007) (2,147) (44,147)
Payment of listing cost (6,924) (1,061) (1,307)
Net cash used in financing activities (23,332) (3,576) (151,372) (170,886)
Effect of foreign exchange rate changes on cash (3,758) (573)
Net (decrease) increase in cash and cash equivalents 87,417 13,397 72,057 (64,153)
Cash and cash equivalents at beginning of the year 137,351 21,050 65,294 129,447
Cash and cash equivalents at end of the year 224,768 34,447 137,351 65,294
Supplemental disclosures of cash flow information:        
Income taxes paid (6,946) (1,064) (6,977) (3,501)
Supplemental non-cash investing and financing information:        
Non-cash dividend distribution to shareholders 104,590
Conversion of convertible notes and rights 4,038 619
Recognition of contingent consideration 306,583 46,986
Issuance of ordinary shares for BeeLive acquisition 175,000 26,820
Issuance of ordinary shares for settlement of underwriting fee 14,131 2,166
Issuance of ordinary shares to underwriter and advisors 18,713 2,868
Shares to be issued for achievement of earnout target ¥ 200,100 $ 30,667