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Unaudited Condensed Consolidated Statements of Income and Comprehensive Income
¥ in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
CNY (¥)
¥ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
shares
Mar. 31, 2022
CNY (¥)
¥ / shares
shares
Statement of Comprehensive Income [Abstract]      
Live streaming - consumable virtual items revenue ¥ 291,111 $ 42,389 ¥ 445,339
Live streaming - time based virtual items revenue 5,511 802 7,465
Technical services 7,669 1,117 10,641
Total revenues 304,291 44,308 463,445
Cost of revenues (264,195) (38,470) (348,969)
Gross profit 40,096 5,838 114,476
Operating expenses      
Sales and marketing expenses (209) (30) (584)
General and administrative expenses (17,309) (2,520) (19,108)
Recovery of (provision for) doubtful accounts (861) (125) 259
Research and development expenses (16,810) (2,448) (16,815)
Total operating expenses (35,189) (5,123) (36,248)
Income from operations 4,907 715 78,228
Change in fair value of contingent consideration (4,518) (658) 4,740
Change in fair value of warrants liability (1,932) (281) 4,499
Change in fair value of investment in marketable security 1,578 230 461
Investment income (loss) (218) (32) 251
Interest income 437 64 496
Interest expense (33) (5)
Other expenses, net 171 25 60
Foreign exchange gain (loss), net (33) (5) 60
Income (loss) before income taxes 359 53 88,795
Income tax expenses (5,894) (858) (5,569)
Net income (loss) (5,535) (805) 83,226
Less: net loss attributable to noncontrolling interest (2,385) (347)
Net income (loss) attributable to the Company’s shareholders (3,150) (458) 83,226
Other comprehensive income (loss)      
Other comprehensive income (loss) - foreign currency translation adjustment 13 2 (36)
Comprehensive income (loss) (5,522) (803) 83,190
Less: comprehensive loss attributable to non-controlling interests (2,385) (347)
Comprehensive income (loss) attributable to the Company’s shareholders ¥ (3,137) $ (456) ¥ 83,190
Weighted average number of shares      
Basic (in Shares) 40,447,415 40,447,415 35,612,100
Diluted (in Shares) 40,447,415 40,447,415 35,612,100
Earnings per share      
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ (0.08) $ (0.01) ¥ 2.34
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ (0.08) $ (0.01) ¥ 2.34
Net income (loss) attributable to the Company’s shareholders ¥ (3,150) $ (458) ¥ 83,226
Less:      
Change in fair value of contingent consideration (4,518) (658) 4,740
Change in fair value of warrants liability (1,932) (281) 4,499
Share based compensation (1,893) (276) (3,726)
Adjusted net income attributable to the Company’s shareholders* ¥ 5,193 $ 757 ¥ 77,713
Adjusted net income attributable to the Company’s shareholders per ordinary share*      
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 0.13 $ 0.02 ¥ 2.18
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ 0.13 $ 0.02 ¥ 2.18