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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
¥ in Thousands, $ in Thousands
Ordinary shares
CNY (¥)
shares
Treasury Stock
CNY (¥)
shares
Additional paid-in capital
CNY (¥)
Statutory reserves
CNY (¥)
(Accumulated deficit)/retained earnings
CNY (¥)
Accumulated other comprehensive (loss)/income
CNY (¥)
Non-controlling interests
CNY (¥)
CNY (¥)
shares
USD ($)
shares
Balance at the beginning at Dec. 31, 2020 [1] ¥ 94   ¥ 1,589,857 ¥ 1,000 ¥ (81,640) ¥ (678)   ¥ 1,508,633  
Balance at the beginning (in shares) at Dec. 31, 2020 | shares [1] 1,436,815,570,000                
Increase (Decrease) in Stockholders' Equity                  
Net income/(loss)         2,024,713   ¥ 3,411 2,028,124 [1],[2]  
Issuance of ordinary shares upon Initial Public Offering ("IPO") ¥ 9   10,034,956         10,034,965  
Issuance of ordinary shares upon Initial Public Offering ("IPO") (in shares) | shares 133,975,000,000                
Capital contribution from noncontrolling interests             389 389  
Sharebased compensation     223,345         223,345  
Appropriation to statutory reserves       1,319 (1,319)        
Share-based awards to employees of Relx Inc.     325,447         325,447  
Deemed dividend to shareholders in connection with the share-based awards to employees of Relx Inc.     (292,582)   (32,865)     (325,447)  
Shares reserved for future exercise of share-based awards due to share distribution | shares   (224,935,770,000)              
Share repurchase   ¥ (127,516)           (127,516)  
Share repurchase (in shares) | shares   (5,059,733,000)              
Foreign currency translation adjustments           (149,188)   (149,188) [2]  
Balance at the end at Dec. 31, 2021 [1] ¥ 103 ¥ (127,516) 11,881,023 2,319 1,908,889 (149,866) 3,800 13,518,752  
Balance at the end (in shares) at Dec. 31, 2021 | shares [1] 1,570,790,570,000                
Balance at the end (in shares) at Dec. 31, 2021 | shares [1]   (229,995,503,000)              
Increase (Decrease) in Stockholders' Equity                  
Net income/(loss)         1,441,219   (32,487) 1,408,732 [1],[2]  
Sharebased compensation     166,161         166,161  
Unrealized loss on investment securities           (5,425)   (5,425) [2]  
Appropriation to statutory reserves       25,492 (25,492)        
Share-based awards to employees of Relx Inc.     (80,649)         (80,649)  
Deemed dividend to shareholders in connection with the share-based awards to employees of Relx Inc.     80,649         80,649  
Exercising of share-based awards ¥ 1   15,094         15,095  
Exercising of share-based awards (in shares) | shares   9,648,928,000              
Share repurchase   ¥ (500,370)           (500,370)  
Share repurchase (in shares) | shares   (37,373,909,000)              
Foreign currency translation adjustments           937,428   937,428 [2]  
Balance at the end at Dec. 31, 2022 [1] ¥ 104 ¥ (627,886) 12,062,278 27,811 3,324,616 782,137 (28,687) ¥ 15,540,373  
Balance at the end (in shares) at Dec. 31, 2022 | shares 1,570,790,570,000 [1]             1,570,790,570 1,570,790,570
Balance at the end (in shares) at Dec. 31, 2022 | shares   (257,720,484,000) [1]           257,720,484 257,720,484
Increase (Decrease) in Stockholders' Equity                  
Net income/(loss)         534,328   6,660 ¥ 540,988 $ 76,196
Capital contribution from noncontrolling interests             11,050 11,050  
Sharebased compensation     362,868         362,868  
Unrealized loss on investment securities           632   632 $ 89
Share-based awards to employees of Relx Inc.     396,378         396,378  
Deemed dividend to shareholders in connection with the share-based awards to employees of Relx Inc.     (396,378)         (396,378)  
Exercising of share-based awards     15,441         ¥ 15,441  
Exercising of share-based awards (in shares) | shares   11,834,355,000           10,802,458 10,802,458
Share repurchase   ¥ (653,103) (343,525)         ¥ (996,628)  
Share repurchase (in shares) | shares   (53,302,697,000)           (95,700,000) (95,700,000)
Business combination     18,423         ¥ 18,423  
Cash dividend         (93,265)     (93,265)  
Foreign currency translation adjustments           198,534   198,534 $ 27,963
Balance at the end at Dec. 31, 2023 ¥ 104 ¥ (1,280,989) ¥ 12,115,485 ¥ 27,811 ¥ 3,765,679 ¥ 981,303 ¥ (10,977) ¥ 15,598,416 $ 2,196,994
Balance at the end (in shares) at Dec. 31, 2023 | shares 1,570,790,570,000             1,570,790,570 1,570,790,570
Balance at the end (in shares) at Dec. 31, 2023 | shares   (299,188,826,000)           299,188,826 299,188,826
[1] The Company acquired various companies on December 13, 2023, which was accounted for as an under common control transaction in accordance with ASC 805-50. The Company retrospectively adjusted the above comparative consolidated balance sheets in prior year. Refer
[2] The Company acquired various companies on December 13, 2023, which was accounted for as an under common control transaction in accordance with ASC 805-50. The Company retrospectively adjusted the above comparative consolidated statements of comprehensive income in prior years. Refer to Note 1 (e) for detailed information.