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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 240,947 $ 37,810 ¥ 224,768
Accounts receivable, net 206,307 32,374 228,214
Prepaid expenses and other current assets 165,409 25,956 13,753
Amounts due from related parties 1,059 166 7
Investment in marketable security 38,789 6,089
Total current assets 652,511 102,395 466,742
Property and equipment, net 1,674 263 1,356
Intangible assets, net 235,870 37,013 239,634
Goodwill 92,069 14,448 92,069
Long term investment 101,727 15,963 5,000
Long term deposits and other assets 1,152 181 1,382
Deferred tax assets 4,352 683 5,654
Total non-current assets 436,844 68,551 345,095
TOTAL ASSETS 1,089,355 170,946 811,837
Current liabilities      
Accounts payable 85,801 13,466 67,089
Accrued salary and employee benefits 24,533 3,850 18,141
Accrued expenses and other current liabilities 16,181 2,539 12,358
Current portion of contingent consideration – earn-out liability 10,638 1,669 92,183
Warrant liabilities 10,324 1,620 29,558
Income tax payable 8,282 1,300 8,581
Deferred revenue 65,405 10,263 49,567
Total current liabilities 221,164 34,707 277,477
Non-current liabilities      
Deferred tax liabilities 58,746 9,219 59,729
Contingent consideration – earn-out liability   15,116
Total non-current liabilities 58,746 9,219 74,845
TOTAL LIABILITIES 279,910 43,926 352,322
Commitments and contingencies Shareholders’ equity [1]
Ordinary share, no par value, unlimited Class A ordinary shares and 2,925,058 Class B ordinary shares authorized, 27,037,302 Class A ordinary shares and Nil Class B ordinary shares issued and outstanding as of December 31, 2020; 28,219,583 Class A ordinary shares and 2,625,058 Class B ordinary shares issued and outstanding as of December 31, 2021, respectively [1]
Class A ordinary shares 140,196 22,000 (96,349)
Class B ordinary shares 13,041 2,046
Shares to be issued 128,119 20,105 200,100
Statutory reserves 31,775 4,986 18,352
Retained earnings 479,199 75,197 322,610
Accumulated other comprehensive income 17,115 2,686 14,802
Total shareholders’ equity 809,445 127,020 459,515
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ¥ 1,089,355 $ 170,946 ¥ 811,837
[1] Ordinary shares and share data have been retroactively restated to give effect to the reverse recapitalization