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Unaudited Condensed Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Mar. 31, 2022
CNY (¥)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 205,362 $ 32,395 ¥ 240,947
Accounts receivable, net 222,375 35,079 206,307
Prepaid expenses and other current assets 79,446 12,532 165,409
Amounts due from related parties 2,052 324 1,059
Investment in marketable security 39,250 6,192 38,789
Total current assets 548,485 86,522 652,511
Property and equipment, net 1,782 281 1,674
Intangible assets, net 424,172 66,911 235,870
Goodwill 172,781 27,256 92,069
Long term investments 176,979 27,918 101,727
Long term deposits and other non-current assets 1,190 188 1,152
Deferred tax assets – non-current 4,145 654 4,352
Right of use assets 12,245 1,932
Total non-current assets 793,294 125,140 436,844
TOTAL ASSETS 1,341,779 211,662 1,089,355
Current liabilities      
Accounts payable 61,089 9,640 85,801
Accrued salary and employee benefits 30,182 4,761 24,533
Accrued expenses and other current liabilities 5,710 901 16,181
Current portion of contingent consideration – earn-out liability 17,538 2,767 10,638
Warrant liabilities 5,769 910 10,324
Income tax payable 13,711 2,163 8,282
Deferred revenue 80,891 12,760 65,405
Lease liability-current 4,377 690
Total current liabilities 219,267 34,592 221,164
Non-current liabilities      
Deferred tax liabilities 62,299 9,827 58,746
Contingent consideration – earn-out liability 8,235 1,299
Lease liability-non-current 7,334 1,157
Total non-current liabilities 77,868 12,283 58,746
TOTAL LIABILITIES 297,135 46,875 279,910
Commitments and contingencies Shareholders’ equity
Ordinary share, no par value, unlimited shares authorized, 34,743,152 and 30,844,641 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively  
Class A ordinary shares 292,205 46,094 140,196
Class B ordinary shares 13,041 2,057 13,041
Shares to be issued 128,119 20,210 128,119
Statutory reserves 35,971 5,674 31,775
Retained earnings 558,229 88,058 479,199
Accumulated other comprehensive income 17,079 2,694 17,115
Total shareholders’ equity 1,044,644 164,787 809,445
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ¥ 1,341,779 $ 211,662 ¥ 1,089,355