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Consolidated Statements of Income and Comprehensive Income
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2020
CNY (¥)
¥ / shares
shares
Dec. 31, 2019
CNY (¥)
¥ / shares
shares
Statement of Comprehensive Income [Abstract]        
Live streaming - consumable virtual items revenue ¥ 1,617,056 $ 253,751 ¥ 1,187,431 ¥ 884,385
Live streaming - time based virtual item revenue 32,905 5,164 29,596 26,812
Technical services 19,397 3,044 5,156 3,429
Total revenue 1,669,358 261,959 1,222,183 914,626
Cost of revenues (1,364,902) (214,183) (959,939) (720,637)
Gross profit 304,456 47,776 262,244 193,989
Sales and marketing expenses (4,807) (754) (10,121) (3,804)
General and administrative expenses (65,233) (10,236) (33,889) (11,957)
Research and development expenses (70,039) (10,991) (31,780) (21,523)
(Provision for) recovery of doubtful accounts 1,592 250 8,253 (854)
Income from operations 165,969 26,045 194,707 155,851
Interest income, net 3,962 622 2,960 1,005
Other loss, net (90) (14) (4,702) (310)
Foreign exchange (loss) gain, net 105 16 703 (5)
Change in fair value of investment 22,833 3,583
Change in fair value of warrant liabilities 16,421 2,577 3,904
Change in fair value of contingent consideration (33,584) (5,270) (14,068)
Income before income taxes 175,616 27,559 183,504 156,541
Income tax expense (5,604) (879) (7,404) (6,623)
Net income 170,012 26,680 176,100 149,918
Other comprehensive income - foreign currency translation adjustment 2,313 363 14,802
Comprehensive income attributable to the Company’s shareholders ¥ 172,325 $ 27,043 ¥ 190,902 ¥ 149,918
Weighted average number of shares *        
Basic (in Shares) [1] 30,842,183 30,842,183 23,287,706 19,400,000
Diluted (in Shares) [1] 30,842,183 30,842,183 26,828,666 20,002,000
Earnings per share        
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 5.51 $ 0.87 ¥ 7.56 ¥ 7.73
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 5.51 $ 0.87 ¥ 6.56 ¥ 7.5
[1] Ordinary shares and share data have been retroactively restated to give effect to the reverse recapitalization