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Nature of operations and reorganizations - Consolidated financial information of the VIE and its subsidiaries (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2023
USD ($)
Current assets          
Cash and cash equivalents ¥ 2,390,298   ¥ 1,268,512 [1] ¥ 5,208,967 [1] $ 336,666
Restricted cash 29,760   20,574 [1] 500 [1] 4,192
Short-term bank deposits, net 2,631,256   7,084,879   370,605
Receivables from online payment platforms 6,893   3,000   971
Short-term investments, net 3,093,133   2,434,864   435,659
Accounts and notes receivable, net 60,482   51,381   8,519
Inventories 144,850   130,901   20,402
Prepayments and other current assets, net 508,435   198,932   71,612
Total current assets 8,983,843   11,198,155   1,265,350
Non-current assets          
Property, equipment and leasehold improvement, net 77,358   87,871   10,896
Intangible assets, net 69,778   7,552   9,828
Long-term investments, net 8,000   8,000   1,127
Deferred tax assets, net 58,263   63,894   8,206
Right-of-use assets, net 52,562   75,008   7,403
Long-term bank deposits, net 1,757,804   1,515,428   247,582
Other non-current assets, net 4,874   13,458   686
Total non-current assets 7,331,254   5,180,669   1,032,586
Total assets 16,315,097   16,378,824   2,297,936
Current liabilities          
Accounts and notes payable 266,426   269,346 [1]   37,525
Contract liabilities 49,586   75,226 [1]   6,984
Salary and welfare benefits payable 39,256   127,749 [1]   5,529
Taxes payable 77,164   109,676 [1]   10,868
Accrued expenses and other current liabilities 103,996   161,455 [1]   14,648
Lease liabilities - current portion 29,435   45,955 [1]   4,146
Total current liabilities 668,671   789,830 [1]   94,180
Non-current liabilities          
Deferred tax liabilities 23,591   8,653 [1]   3,323
Lease liabilities - non-current portion 24,419   39,968 [1]   3,439
Total non-current liabilities 48,010   48,621 [1]   6,762
Total liabilities 716,681   838,451 [1]   100,942
Net revenues 1,586,397 $ 223,439 5,332,779 [2] 8,520,978 [2]  
Cost of revenues 856,329 120,611 2,974,981 [2] 4,848,918 [2]  
Excise tax on products (342,354) (48,220) (52,668) [2]    
Operating expenses (884,424) (124,568) (1,241,719) [2] (1,373,355) [2]  
Net income 540,988 76,196 1,408,732 [1],[2] 2,028,124 [1],[2]  
Net cash provided by operating activities 198,703 27,987 486,829 [1] 1,799,892 [1]  
Net cash (used in)/ generated from investing activities 2,091,145 294,532 (4,133,040) [1] (7,870,660) [1]  
Net cash generated from/(used in) financing activities (1,193,216) $ (168,061) (477,270) [1] 9,904,121 [1]  
Related Party          
Current assets          
Amounts due from related parties 118,736   5,112   16,724
Current liabilities          
Amounts due to related parties 101,927   423 [1]   $ 14,356
VIE          
Current assets          
Cash and cash equivalents 927,097   956,918    
Restricted cash 29,718   20,574    
Short-term bank deposits, net 99,996   130,000    
Receivables from online payment platforms 5,398   2,817    
Short-term investments, net 2,148,719   2,434,864    
Accounts and notes receivable, net 20,490   50,259    
Inventories 72,468   130,122    
Amounts due from group companies 129,214   98,515    
Prepayments and other current assets, net 112,575   80,267    
Total current assets 3,648,336   3,909,448    
Non-current assets          
Property, equipment and leasehold improvement, net 52,102   75,780    
Intangible assets, net 53,672   4,718    
Long-term investments, net 8,000   8,000    
Deferred tax assets, net 42,808   54,736    
Right-of-use assets, net 42,529   57,261    
Long-term bank deposits, net 1,398,376   1,167,325    
Other non-current assets, net 2,599   10,871    
Total non-current assets 1,600,086   1,378,691    
Total assets 5,248,422   5,288,139    
Current liabilities          
Accounts and notes payable 224,383   268,761    
Contract liabilities 11,319   3,829    
Salary and welfare benefits payable 19,519   53,438    
Taxes payable 36,932   93,700    
Accrued expenses and other current liabilities 95,125   132,762    
Amounts due to group companies 275,376   261,729    
Lease liabilities - current portion 25,422   36,905    
Total current liabilities 688,076   851,547    
Non-current liabilities          
Deferred tax liabilities 7,695   8,653    
Lease liabilities - non-current portion 18,092   30,593    
Total non-current liabilities 25,787   39,246    
Total liabilities 713,863   890,793    
Excise tax on products (342,354)   (52,668)    
Other (expenses)/income 220,220   132,736 (367,311)  
Net income (156,037)   1,277,211 2,000,417  
Net cash used in operating activities with group company (210,479)   (512,685)    
Other operating activities 202,414   641,865 1,842,887  
Net cash provided by operating activities (8,065)   129,180 1,842,887  
Loans to group companies (80,805)   (450,769) (96,058)  
Repayment of loans from group companies 61,590   342,000 191,620  
Other investing activities (53,451)   (343,317) 2,755,324  
Net cash (used in)/ generated from investing activities 34,236   234,548 (2,659,762)  
Borrowings under loans from group companies 543,912   390,358    
Repayment of borrowings under loans from group companies (590,760)   (164,408)    
Other financing activities     763 10,785  
Net cash generated from/(used in) financing activities (46,848)   225,187 (10,785)  
VIE | Related Party          
Current assets          
Amounts due from related parties 102,661   5,112    
Current liabilities          
Amounts due to related parties 0   423    
VIE | Third-party          
Non-current liabilities          
Net revenues 1,338,746   5,330,992 8,520,978  
Cost of revenues 664,660   2,965,169 4,848,190  
Operating expenses 484,994   713,520 1,182,492  
VIE | Inter-group          
Non-current liabilities          
Net revenues 15,937   4,533    
Cost of revenues 1,268   144    
Operating expenses ¥ 237,664   ¥ 459,549 ¥ 122,568  
[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.