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Condensed Consolidated Statements of Income 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
Statement of Comprehensive Income [Abstract]      
Live streaming - consumable virtual items revenue ¥ 1,886,179 $ 273,470 ¥ 1,617,056
Live streaming - time based virtual item revenue 27,683 4,014 32,905
Technical services and others 39,395 5,712 19,397
Total revenue 1,953,257 283,196 1,669,358
Cost of revenues (1,670,068) (242,137) (1,364,902)
Gross profit 283,189 41,059 304,456
Sales and marketing expenses (2,127) (308) (4,807)
General and administrative expenses (61,005) (8,845) (65,233)
Research and development expenses (67,538) (9,792) (70,039)
(Provision for) recovery of doubtful accounts (2,739) (397) 1,592
Income from operations 149,780 21,717 165,969
Interest income, net 2,506 363 3,962
Other income (loss), net 11,443 1,659 (90)
Foreign exchange gain (loss), net (1,493) (216) 105
Change in fair value of investment 1,760 255 25,831
Change in fair value of warrant liabilities 10,776 1,562 16,421
Investments income (loss) 25,449 3,690 (2,998)
Change in fair value of contingent consideration 13,071 1,895 (33,584)
Income before income taxes 213,292 30,925 175,616
Income tax expense (18,067) (2,619) (5,604)
Net income 195,225 28,306 170,012
Less: net income attributable to noncontrolling interest 1,892 274
Net income attributable to the Company’s shareholders 193,333 28,032 170,012
Other comprehensive income - foreign currency translation adjustment 955 138 2,313
Comprehensive income 196,180 28,444 172,325
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
Basic (in Shares) 39,263,147 39,263,147 30,842,183
Diluted (in Shares) 39,263,147 39,263,147 30,842,183
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 4.92 $ 0.71 ¥ 5.51
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 4.92 $ 0.71 ¥ 5.51
Net income attributable to the Company’s shareholders ¥ 193,333 $ 28,032 ¥ 170,012
Change in fair value of contingent consideration 13,071 1,895 (33,584)
Change in fair value of warrants liability 10,776 1,562 16,421
Share based compensation (11,954) (1,733) (31,857)
Adjusted net income attributable to the Company’s shareholders* ¥ 181,440 $ 26,308 ¥ 219,032
Adjusted net income per ordinary share      
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 4.62 $ 0.67 ¥ 7.1
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 4.62 $ 0.67 ¥ 7.1