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Condensed Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 175,292 $ 25,415 ¥ 240,947
Accounts receivable, net 316,657 45,911 206,307
Prepaid expenses and other current assets 115,170 16,699 165,409
Amounts due from related parties 1,115 162 1,059
Investment in marketable security 40,548 5,879 38,789
Total current assets 648,782 94,066 652,511
Property and equipment, net 2,735 397 1,674
Intangible assets, net 419,055 60,757 235,870
Goodwill 172,781 25,051 92,069
Long term investment 234,176 33,952 101,727
Long term deposits and other assets 953 138 1,152
Right-of-use assets 19,209 2,785
Deferred tax assets 4,337 629 4,352
Total non-current assets 853,246 123,709 436,844
TOTAL ASSETS 1,502,028 217,775 1,089,355
Current liabilities      
Bank loan 5,000 725
Accounts payable 116,251 16,855 85,801
Accrued salary and employee benefits 12,428 1,802 24,533
Accrued expenses and other current liabilities 13,264 1,923 16,181
Current portion of contingent consideration – earn-out liability 4,336 629 10,638
Warrant liabilities 166 24 10,324
Income tax payable 13,531 1,962 8,282
Lease liabilities-current 7,174 1,040
Deferred revenue 93,383 13,539 65,405
Total current liabilities 265,533 38,499 221,164
Non-current liabilities      
Deferred tax liabilities 61,236 8,878 58,746
Lease liabilities-non-current 12,773 1,852
Total non-current liabilities 74,009 10,730 58,746
TOTAL LIABILITIES 339,542 49,229 279,910
Commitments and contingencies Shareholders’ equity*
Ordinary share, no par value, unlimited Class A ordinary shares and 6Class B ordinary 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, respectively. 36,684,668 Class A ordinary shares and 2,925,058 Class B ordinary shares issued and outstanding as of December 31, 2022, respectively    
Class A ordinary shares 396,880 57,542 140,196
Class B ordinary shares 23,896 3,465 13,041
Shares to be issued 33,923 4,918 128,119
Treasury stocks (16,482) (2,390)
Statutory reserves 39,208 5,685 31,775
Retained earnings 665,099 96,430 479,199
Accumulated other comprehensive income 18,070 2,622 17,115
Total shareholders’ equity 1,160,594 168,272 809,445
Noncontrolling interest 1,892 274
Total equity 1,162,486 168,546 809,445
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ¥ 1,502,028 $ 217,775 ¥ 1,089,355