XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Unaudited Condensed Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
6 Months Ended
Jun. 30, 2022
CNY (¥)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
CNY (¥)
Cash flows from operating activities      
Net income ¥ 150,601 $ 22,484 ¥ 163,011
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property and equipment 529 79 356
Amortization of intangible assets 3,557 531 2,044
Provision for doubtful accounts 3,101 463 3,645
Loss from disposal of property and equipment 1 2
Deferred tax benefit (629) (94) (286)
Change in fair value of contingent consideration (10,790) (1,611) (23,545)
Change in fair value of warrant liabilities (8,382) (1,251) (10,854)
Change in fair value of investment (1,464) (219) (27,608)
Share based compensation 7,437 1,110
Amortization of right-of-use assets 2,219 331
Changes in operating assets and liabilities      
Accounts receivable (174,208) (26,009) (5,528)
Prepaid expense and other current assets 8,579 1,281 (11,226)
Long term deposits and other assets 79 12 (12)
Accounts payable 19,150 2,859 (21,303)
Deferred revenue 51,338 7,665 18,021
Accrued salary and employee benefits (14,308) (2,136) (8,918)
Accrued expenses and other current liabilities (22,374) (3,340) (2,334)
Income tax payable 1,761 263 3,837
Lease liabilities (2,576) (385)
Net cash provided by operating activities 13,621 2,033 79,302
Cash flows from investing activities      
Cash acquired from acquisition 9,707 1,449
Payment for Weiliantong Acquisition (13,800) (2,060)
Payment for long term investment (75,000) (11,197) (43,958)
Purchase of property and equipment and intangible assets (890) (133) (578)
Net cash used in investing activities (79,983) (11,941) (44,536)
Cash flows from financing activities      
Net proceeds from private placement 15,284
Loan to related parties 12,310
Net cash provided by financing activities 27,594
Effect of foreign exchange rate changes on cash 843 127 (325)
Net increase (decrease) in cash and cash equivalents (65,519) (9,781) 62,035
Cash and cash equivalents at beginning of the year 240,947 35,972 224,768
Cash and cash equivalents at end of the year 175,428 26,191 286,803
Supplemental disclosures of cash flow information:      
Income taxes paid 6,160 920 7,178
Supplemental non-cash investing and financing information:      
Conversion of convertible notes and rights 13,452
Issuance of Class A ordinary shares for Weiliantong acquisition 148,283 22,138
Issuance of Class A ordinary shares for achievement of earnout target 117,264 17,507 200,100
Issuance of Class B ordinary shares for achievement of earnout target 10,855 1,621
Right-of-assets obtained in exchange for operating lease obligations ¥ 13,383 $ 1,998