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Consolidated Statements of Operations and Comprehensive Income
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Revenue ¥ 1,464,871 $ 206,323 ¥ 1,953,257 ¥ 1,669,358
Cost of revenues (1,272,145) (179,178) (1,670,068) (1,364,902)
Gross profit 192,726 27,145 283,189 304,456
Sales and marketing expenses (1,355) (191) (2,127) (4,807)
General and administrative expenses (75,582) (10,646) (61,005) (65,233)
Research and development expenses (75,116) (10,580) (67,538) (70,039)
Recovery of (provision for) doubtful accounts (17,865) (2,516) (2,739) 1,592
Income from operations 22,808 3,212 149,780 165,969
Change in fair value of contingent consideration (5,624) (792) 13,071 (33,584)
Change in fair value of warrant liabilities 170 24 10,776 16,421
Change in fair value of investment (9,023) (1,271) 1,760 25,831
Investments income (loss) (31,328) (4,412) 25,449 (2,998)
Impairment of long-term investments (11,800) (1,662)
Interest income, net 2,739 386 2,506 3,962
Other income (loss), net 7,449 1,049 11,443 (90)
Foreign exchange gain (loss), net (1,887) (266) (1,493) 105
Income (loss) before income taxes (26,496) (3,732) 213,292 175,616
Income tax expense (8,480) (1,194) (18,067) (5,604)
Net income (loss) (34,976) (4,926) 195,225 170,012
Less: net income (loss) attributable to noncontrolling interest (4,188) (590) 1,892
Net income (loss) attributable to the Company’s shareholders (30,788) (4,336) 193,333 170,012
Other comprehensive income (loss):        
Other comprehensive income (loss) - foreign currency translation adjustment (105) (15) 955 2,313
Comprehensive income (loss) (35,081) (4,941) 196,180 172,325
Less: comprehensive income (loss) attributable to non-controlling interests (4,188) (590) 1,892
Comprehensive income (loss) attributable to the Company’s shareholders ¥ (30,893) $ (4,351) ¥ 194,288 ¥ 172,325
Weighted average number of shares*        
Basic (in Shares) [1] 40,649,414 40,649,414 39,263,147 30,842,183
Diluted (in Shares) [1] 40,649,414 40,649,414 39,263,147 30,842,183
Earnings (loss) per share        
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ (0.76) $ (0.11) ¥ 4.92 ¥ 5.51
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ (0.76) $ (0.11) ¥ 4.92 ¥ 5.51
Live streaming - consumable virtual items revenue        
Revenue ¥ 1,420,258 $ 200,040 ¥ 1,886,179 ¥ 1,617,056
Live streaming - time based virtual item revenue        
Revenue 25,004 3,522 27,683 32,905
Technical services and others        
Revenue ¥ 19,609 $ 2,761 ¥ 39,395 ¥ 19,397
[1] Ordinary shares and share data have been retroactively restated to give effect to the reverse recapitalization.