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Consolidated Statements of Operations and Comprehensive Income
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Dec. 31, 2020
CNY (¥)
¥ / shares
shares
Statement of Comprehensive Income [Abstract]        
Live streaming - consumable virtual items revenue ¥ 1,886,179 $ 273,470 ¥ 1,617,056 ¥ 1,187,431
Live streaming - time based virtual item revenue 27,683 4,014 32,905 29,596
Technical services and others 39,395 5,712 19,397 5,156
Total revenue 1,953,257 283,196 1,669,358 1,222,183
Cost of revenues (1,670,068) (242,137) (1,364,902) (959,939)
Gross profit 283,189 41,059 304,456 262,244
Sales and marketing expenses (2,127) (308) (4,807) (10,121)
General and administrative expenses (61,005) (8,845) (65,233) (33,889)
Research and development expenses (67,538) (9,792) (70,039) (31,780)
(Provision for) recovery of doubtful accounts (2,739) (397) 1,592 8,253
Income from operations 149,780 21,717 165,969 194,707
Interest income, net 2,506 363 3,962 2,960
Other income (loss), net 11,443 1,659 (90) (4,702)
Foreign exchange gain (loss), net (1,493) (216) 105 703
Change in fair value of investment 1,760 255 25,831
Change in fair value of warrant liabilities 10,776 1,562 16,421 3,904
Investments income (loss) 25,449 3,690 (2,998)
Change in fair value of contingent consideration 13,071 1,895 (33,584) (14,068)
Income before income taxes 213,292 30,925 175,616 183,504
Income tax expense (18,067) (2,619) (5,604) (7,404)
Net income 195,225 28,306 170,012 176,100
Less: net income attributable to noncontrolling interest 1,892 274
Net income attributable to the Company’s shareholders 193,333 28,032 170,012 176,100
Other comprehensive income:        
Other comprehensive income - foreign currency translation adjustment 955 138 2,313 14,802
Comprehensive income 196,180 28,444 172,325 190,902
Less: comprehensive income attributable to non-controlling interests 1,892 274
Comprehensive income attributable to the Company’s shareholders ¥ 194,288 $ 28,170 ¥ 172,325 ¥ 190,902
Weighted average number of shares *        
Basic (in Shares) [1] 39,263,147 39,263,147 30,842,183 23,287,706
Diluted (in Shares) [1] 39,263,147 39,263,147 30,842,183 26,828,666
Earnings per share        
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 4.92 $ 0.71 ¥ 5.51 ¥ 7.56
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 4.92 $ 0.71 ¥ 5.51 ¥ 6.56
[1] Ordinary shares and share data have been retroactively restated to give effect to the reverse recapitalization.