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Unaudited Condensed Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Sep. 30, 2022
CNY (¥)
Sep. 30, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 158,794 $ 22,323 ¥ 240,947
Accounts receivable, net 318,623 44,791 206,307
Prepaid expenses and other current assets 112,965 15,881 165,409
Amounts due from related parties 1,052 148 1,059
Investment in marketable security 40,156 5,645 38,789
Total current assets 631,590 88,788 652,511
Property and equipment, net 2,444 344 1,674
Intangible assets, net 420,783 59,153 235,870
Goodwill 172,781 24,289 92,069
Long term investment 179,581 25,245 101,727
Long term deposits and other assets 1,160 163 1,152
Deferred tax assets 4,633 651 4,352
Right of use assets 9,542 1,341
Total non-current assets 790,924 111,186 436,844
TOTAL ASSETS 1,422,514 199,974 1,089,355
Current liabilities      
Accounts payable 37,648 5,293 85,801
Accrued salary and employee benefits 14,144 1,988 24,533
Accrued expenses and other current liabilities 10,964 1,541 16,181
Current portion of contingent consideration – earn-out liability 9,727 1,367 10,638
Warrant liabilities 441 62 10,324
Income tax payable 17,633 2,479 8,282
Bank loan 5,000 703
Deferred revenue 91,283 12,832 65,405
Lease liabilities-current 4,010 564
Total current liabilities 190,850 26,829 221,164
Non-current liabilities      
Deferred tax liabilities 61,590 8,658 58,746
Contingent consideration – earn-out liability 4,722 664
Lease liabilities-non-current 5,152 724
Total non-current liabilities 71,464 10,046 58,746
TOTAL LIABILITIES 262,314 36,875 279,910
Commitments and contingencies Shareholders’ equity
Ordinary share, no par value, unlimited shares authorized, 28,219,583 Class A ordinary shares and 2,625,058 Class B ordinary shares issued and outstanding as of December 31, 2021, 36,623,168 Class A ordinary shares and 2,925,058 Class B ordinary shares issued and outstanding as of September 30, 2022, respectively
Class A ordinary shares 415,258 58,376 140,196
Class B ordinary shares 23,896 3,359 13,041
Shares to be issued 128,119
Statutory reserves 35,759 5,027 31,775
Retained earnings 664,577 93,425 479,199
Accumulated other comprehensive income 18,414 2,589 17,115
Total shareholders’ equity 1,157,904 162,776 809,445
Non-controlling interests 2,296 323
Total equity 1,160,200 163,099 809,445
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ¥ 1,422,514 $ 199,974 ¥ 1,089,355