XML 67 R44.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Financial Information of the Parent Company (Tables) - Parent Company [Member]
12 Months Ended
Dec. 31, 2024
Condensed Financial Information of the Parent Company (Tables) [Line Items]  
Schedule of Balance Sheets

PARENT COMPANY BALANCE SHEETS

 

   As of December 31, 
   2023   2024   2024 
   RMB   RMB   US$ 
ASSETS            
Current assets            
Cash and cash equivalents   23,584    1,081    148 
Prepaid expenses and other current assets   820    1,086    149 
Total current assets   24,404    2,167    297 
                
Non-current assets               
Investments in subsidiaries and consolidated VIEs   1,165,326    1,219,246    167,037 
                
TOTAL ASSETS   1,189,730    1,221,413    167,334 
                
LIABILITIES AND SHAREHOLDERS’ EQUITY               
Current liabilities               
Accrued expenses and other current liabilities   2,006    2,078    285 
Amounts due to subsidiaries   37,160    20,241    2,773 
Total current liabilities   39,166    22,319    3,058 
Total liabilities   39,166    22,319    3,058 
                
Shareholders’ equity               
Ordinary share, no par value, unlimited Class A ordinary shares and Class B ordinary shares authorized, 38,113,879 Class A ordinary shares and 2,925,058 Class B ordinary shares issued and outstanding as of December 31, 2022, respectively; 38,922,726 Class A ordinary shares and 2,925,058 Class B ordinary shares issued and outstanding as of December 31, 2024, respectively.               
Class A ordinary shares
   423,623    444,162    60,850 
Class B ordinary shares
   23,896    23,896    3,274 
Treasury stocks   (19,216)   (19,952)   (2,733)
Shares to be issued   30,777    20,817    2,852 
Statutory reserves   44,698    50,705    6,947 
Retained earnings   628,821    662,499    90,762 
Accumulated other comprehensive income   17,965    16,967    2,324 
Total shareholder’s equity   1,150,564    1,199,094    164,276 
                
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   1,189,730    1,221,413    167,334 
Schedule of Statements of Income

PARENT COMPANY STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) 

 

   For the years ended December 31, 
   2022   2023   2024   2024 
   RMB   RMB   RMB   US$ 
Share of income (loss) of subsidiaries and consolidated VIEs   198,340    (4,915)   54,431    7,457 
General administrative expense and others   (21,377)   (14,923)   (9,567)   (1,309)
Research and development expenses   (6,522)   (5,496)   (5,179)   (710)
Change in fair value of warrant liabilities   10,776    170    
-
    
-
 
Change in fair value of contingent consideration   13,071    (5,624)   
-
    
-
 
Net income (loss)   194,288    (30,788)   39,685    5,438 
Other comprehensive income (loss) - foreign currency translation adjustment   955    (105)   (998)   (137)
Comprehensive income (loss) attributable to the Company’s shareholders   195,243    (30,893)   38,687    5,301 
Schedule of Statements of Cash Flows

PARENT COMPANY STATEMENT OF CASH FLOWS

 

   For the years ended December 31, 
   2022   2023   2024   2024 
   RMB   RMB   RMB   US$ 
Cash flows from operating activities                
Net income (loss)   194,288    (30,788)   39,685    5,438 
Equity in loss (earning) of subsidiaries   (198,340)   4,915    (54,431)   (7,457)
Change in fair value of warrant liabilities   (10,776)   (170)   
-
      
Change in fair value of contingent consideration   (13,071)   5,624    
-
      
Share based compensation   11,954    13,637    10,579    1,449 
Changes in operating assets and liabilities                    
Prepaid expense and other current assets   72    425    (266)   (36)
Accrued expenses and other current liabilities   (662)   254    72    10 
Net cash used in operating activities   (16,535)   (6,103)   (4,361)   (596)
                     
Cash flows from financing activities                    
Due to related parties   35,771    29,294    (17,406)   (2,386)
Share repurchase   (16,482)   (2,734)   (736)   (101)
Net cash provided by (used in) financing activities   19,289    26,560    (18,142)   (2,487)
                     
Net increase (decrease) in cash and cash equivalents   2,754    20,457    (22,503)   (3,083)
Cash and cash equivalents at beginning of the year   373    3,127    23,584    3,231 
Cash and cash equivalents at end of the year   3,127    23,584    1,081    148