Scienjoy Holding (SJ) 20-F 16 May 22 2021 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Document Information Line Items
Entity Registrant Name	SCIENJOY HOLDING CORPORATION
Trading Symbol	SJ
Document Type	20-F
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001753673
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-38799
Entity Incorporation, State or Country Code	D8
Entity Address, Address Line One	3rd Floor
Entity Address, Address Line Two	JIA No.34
Entity Address, Address Line Three	Shenggu NanliChaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100029
Entity Address, Country	CN
Title of 12(b) Security	Class A Ordinary shares, no par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Accounting Standard	U.S. GAAP
Auditor Name	OneStop Assurance PAC	Friedman LLP
Auditor Location	Singapore	New York, New York
Auditor Firm ID	6732	711
Class A Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	28,219,583
Class B Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	2,625,058
Business Contact [Member]
Document Information Line Items
Entity Address, Address Line One	3rd Floor
Entity Address, Address Line Two	JIA No.34
Entity Address, Address Line Three	Shenggu NanliChaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100029
Entity Address, Country	CN
Contact Personnel Name	Xiaowu He
City Area Code	(86)
Local Phone Number	10–6642 8188
Contact Personnel Email Address	xiaowu.he@scienjoy.com

Consolidated Balance Sheets

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands		Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Current assets
Cash and cash equivalents		¥ 240,947	$ 37,810	¥ 224,768
Accounts receivable, net		206,307	32,374	228,214
Prepaid expenses and other current assets		165,409	25,956	13,753
Amounts due from related parties		1,059	166	7
Investment in marketable security		38,789	6,089
Total current assets		652,511	102,395	466,742
Property and equipment, net		1,674	263	1,356
Intangible assets, net		235,870	37,013	239,634
Goodwill		92,069	14,448	92,069
Long term investment		101,727	15,963	5,000
Long term deposits and other assets		1,152	181	1,382
Deferred tax assets		4,352	683	5,654
Total non-current assets		436,844	68,551	345,095
TOTAL ASSETS		1,089,355	170,946	811,837
Current liabilities
Accounts payable		85,801	13,466	67,089
Accrued salary and employee benefits		24,533	3,850	18,141
Accrued expenses and other current liabilities		16,181	2,539	12,358
Current portion of contingent consideration – earn-out liability		10,638	1,669	92,183
Warrant liabilities		10,324	1,620	29,558
Income tax payable		8,282	1,300	8,581
Deferred revenue		65,405	10,263	49,567
Total current liabilities		221,164	34,707	277,477
Non-current liabilities
Deferred tax liabilities		58,746	9,219	59,729
Contingent consideration – earn-out liability				15,116
Total non-current liabilities		58,746	9,219	74,845
TOTAL LIABILITIES		279,910	43,926	352,322
Commitments and contingencies Shareholders’ equity	[1]
Ordinary share, no par value, unlimited Class A ordinary shares and 2,925,058 Class B ordinary shares authorized, 27,037,302 Class A ordinary shares and Nil Class B ordinary shares issued and outstanding as of December 31, 2020; 28,219,583 Class A ordinary shares and 2,625,058 Class B ordinary shares issued and outstanding as of December 31, 2021, respectively	[1]
Class A ordinary shares		140,196	22,000	(96,349)
Class B ordinary shares		13,041	2,046
Shares to be issued		128,119	20,105	200,100
Statutory reserves		31,775	4,986	18,352
Retained earnings		479,199	75,197	322,610
Accumulated other comprehensive income		17,115	2,686	14,802
Total shareholders’ equity		809,445	127,020	459,515
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		¥ 1,089,355	$ 170,946	¥ 811,837
[1]	Ordinary shares and share data have been retroactively restated to give effect to the reverse recapitalization

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Class A Ordinary Shares
Ordinary stock, par value (in Dollars per share)
Ordinary stock, shares authorized	Unlimited	Unlimited
Ordinary stock, shares issued	28,219,583	27,037,302
Ordinary stock, shares outstanding	28,219,583	27,037,302
Class B Ordinary Shares
Ordinary stock, par value (in Dollars per share)
Ordinary stock, shares authorized	2,925,058	2,925,058
Ordinary stock, shares issued	2,625,058
Ordinary stock, shares outstanding	2,625,058

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income ¥ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2021CNY (¥)¥ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020CNY (¥)¥ / sharesshares	Dec. 31, 2019CNY (¥)¥ / sharesshares
Statement of Comprehensive Income [Abstract]
Live streaming - consumable virtual items revenue		¥ 1,617,056	$ 253,751	¥ 1,187,431	¥ 884,385
Live streaming - time based virtual item revenue		32,905	5,164	29,596	26,812
Technical services		19,397	3,044	5,156	3,429
Total revenue		1,669,358	261,959	1,222,183	914,626
Cost of revenues		(1,364,902)	(214,183)	(959,939)	(720,637)
Gross profit		304,456	47,776	262,244	193,989
Sales and marketing expenses		(4,807)	(754)	(10,121)	(3,804)
General and administrative expenses		(65,233)	(10,236)	(33,889)	(11,957)
Research and development expenses		(70,039)	(10,991)	(31,780)	(21,523)
(Provision for) recovery of doubtful accounts		1,592	250	8,253	(854)
Income from operations		165,969	26,045	194,707	155,851
Interest income, net		3,962	622	2,960	1,005
Other loss, net		(90)	(14)	(4,702)	(310)
Foreign exchange (loss) gain, net		105	16	703	(5)
Change in fair value of investment		22,833	3,583
Change in fair value of warrant liabilities		16,421	2,577	3,904
Change in fair value of contingent consideration		(33,584)	(5,270)	(14,068)
Income before income taxes		175,616	27,559	183,504	156,541
Income tax expense		(5,604)	(879)	(7,404)	(6,623)
Net income		170,012	26,680	176,100	149,918
Other comprehensive income - foreign currency translation adjustment		2,313	363	14,802
Comprehensive income attributable to the Company’s shareholders		¥ 172,325	$ 27,043	¥ 190,902	¥ 149,918
Weighted average number of shares *
Basic (in Shares)	[1]	30,842,183	30,842,183	23,287,706	19,400,000
Diluted (in Shares)	[1]	30,842,183	30,842,183	26,828,666	20,002,000
Earnings per share
Basic (in Dollars per share and Yuan Renminbi per share) | (per share)		¥ 5.51	$ 0.87	¥ 7.56	¥ 7.73
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share)		¥ 5.51	$ 0.87	¥ 6.56	¥ 7.5
[1]	Ordinary shares and share data have been retroactively restated to give effect to the reverse recapitalization

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity ¥ in Thousands, $ in Thousands		Ordinary sharesCNY (¥)shares	Ordinary sharesUSD ($)shares	Shares to be issuedCNY (¥)	Shares to be issuedUSD ($)	Statutory reservesCNY (¥)	Statutory reservesUSD ($)	Retained earningsCNY (¥)	Retained earningsUSD ($)	Accumulated other comprehensive incomeCNY (¥)	Accumulated other comprehensive incomeUSD ($)	CNY (¥)shares	USD ($)shares
Balance at Dec. 31, 2018		¥ 41,992				¥ 10,323		¥ 4,621				¥ 56,936
Balance (in Shares) at Dec. 31, 2019 | shares	[1]	19,400,000	19,400,000
Net income								149,918				149,918
Capital distribution due to reorganization		(32,328)										(32,328)
Appropriation to statutory reserves						1,736		(1,736)
Balance at Dec. 31, 2019		¥ 9,664				12,059		152,803				174,526
Balance (in Shares) at Dec. 31, 2020 | shares	[1]	27,037,302	27,037,302
Conversion of convertible notes and rights		¥ 4,038										4,038
Conversion of convertible notes and rights (in Shares) | shares	[1]	63,250	63,250
Issuance of Class A ordinary shares for underwriting fee payables		¥ 14,131										14,131
Issuance of Class A ordinary shares for underwriting fee payables (in Shares) | shares	[1]	402,983	402,983
Contingent consideration-earn-out liability from SPAC Transaction		¥ (266,828)										(266,828)
Effect of reverse merger recapitalization		¥ (51,067)										(51,067)
Effect of reverse merger recapitalization (in Shares) | shares	[1]	2,249,350	2,249,350
Conversion of rights to Class A ordinary shares upon the reverse merger recapitalization
Conversion of rights to Class A ordinary shares upon the reverse merger recapitalization (in Shares) | shares	[1]	602,000	602,000
Issuance of Class A ordinary shares to underwriter and advisors		¥ 18,713										18,713
Issuance of Class A ordinary shares to underwriter and advisors (in Shares) | shares	[1]	533,000	533,000
Issuance of Class A ordinary shares for BeeLive Acquisition		¥ 175,000										175,000
Issuance of Class A ordinary shares for BeeLive Acquisition (in Shares) | shares	[1]	3,786,719	3,786,719
Shares to be issued for achievement of earnout target				200,100								200,100
Foreign currency translation adjustments										14,802		14,802
Net income								176,100				176,100
Appropriation to statutory reserves						6,293		(6,293)
Balance at Dec. 31, 2020		¥ (96,349)		200,100		18,352		322,610		14,802		459,515
Balance (in Shares) at Dec. 31, 2021 | shares		30,844,641	30,844,641
Shares to be issued for achievement of earnout target				128,119								128,119
Foreign currency translation adjustments										2,313		2,313
Net income								170,012				170,012	$ 26,679
Issuance of shares for achievement of earnout target		¥ 200,100		(200,100)
Issuance of shares for achievement of earnout target (in Shares) | shares		3,540,960	3,540,960
Issuance shares for private placement		¥ 4,177										4,177
Issuance shares for private placement (in Shares) | shares		108,230	108,230
Exercise of warrants		¥ 4,340										¥ 4,340
Exercise of warrants (in Shares) | shares		48,149	48,149									96,300	96,300
Exercise of Unit Purchase Option		¥ 9,112										¥ 9,112
Exercise of Unit Purchase Option (in Shares) | shares		110,000	110,000
Share base compensation		¥ 31,857										31,857
Appropriation to statutory reserves						13,423		(13,423)
Balance at Dec. 31, 2021		¥ 153,237		¥ 128,119		¥ 31,775		¥ 479,199		¥ 17,115		¥ 809,445	$ 127,020
Balance (in Dollars) | $			$ 24,046		$ 20,105		$ 4,986		$ 75,197		$ 2,686		$ 127,020
Balance (in Shares) | shares	[1]	30,844,641	30,844,641
[1]	Ordinary shares and share data have been retroactively restated to give effect to the reverse recapitalization

Consolidated Statements of Cash

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Cash flows from operating activities
Net income	¥ 170,012	$ 26,679	¥ 176,100	¥ 149,918
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property and equipment	745	117	555	655
Amortization of intangible assets	4,090	642	1,749	26
Provision (recovery) for doubtful accounts	(1,592)	(250)	(8,253)	854
Loss from disposal of property and equipment				2
Deferred tax expenses (benefit)	319	50	1,945	(191)
Change in fair value of contingent consideration	33,584	5,270	14,068
Change in fair value of warrant liabilities	(16,421)	(2,577)	(3,904)
Change in fair value of investment	(22,833)	(3,583)
Share Based Compensation	31,857	4,999
Changes in operating assets and liabilities
Accounts receivable	23,499	3,688	(70,513)	100,432
Prepaid expense and other current assets	(151,657)	(23,798)	5,193	18,553
Long term deposits and other assets	230	36	1,379	(258)
Accounts payable	18,712	2,936	28,396	(54,533)
Deferred revenue	15,838	2,485	1,404	1,886
Accrued salary and employee benefits	6,392	1,003	8,028	4,603
Accrued expenses and other current liabilities	3,825	600	(852)	6,520
Income tax payable	(299)	(47)	146	419
Net cash provided by operating activities	116,301	18,250	155,441	228,886
Cash flows from investing activities
Cash acquired from acquisition			10,152
Payment to BeeLive acquisition			(50,000)
Payment for long term investment	(113,735)	(17,848)		(5,000)
Purchase of property and equipment and intangible assets	(1,389)	(218)	(1,086)	(457)
Net cash used in investing activities	(115,124)	(18,066)	(40,934)	(5,457)
Cash flows from financing activities
Dividend distributions to shareholders				(104,590)
Net proceeds from private placement	15,284	2,398
Net cash acquired in the reverse recapitalization			32,659
Capital distribution due to reorganization				(32,328)
Repayments to loan			(57,400)
Repayments from related parties			22,340	31,000
Loan to related parties			(14,007)	(44,147)
Payment of listing cost			(6,924)	(1,307)
Net cash used in financing activities	15,284	2,398	(23,332)	(151,372)
Effect of foreign exchange rate changes on cash	(282)	(43)	(3,758)
Net increase in cash and cash equivalents	16,179	2,539	87,417	72,057
Cash and cash equivalents at beginning of the year	224,768	35,271	137,351	65,294
Cash and cash equivalents at end of the year	240,947	37,810	224,768	137,351
Supplemental disclosures of cash flow information:
Income taxes paid	(9,502)	(1,491)	(6,946)	(6,977)
Supplemental non-cash investing and financing information:
Conversion of convertible notes and rights	13,452	2,111	4,038
Recognition of contingent consideration			306,583
Issuance of Class A ordinary shares for BeeLive acquisition			175,000
Issuance of Class A ordinary shares for settlement of underwriting fee			14,131
Issuance of Class A ordinary shares to underwriter and advisors			18,713
Issuance of Class A ordinary shares for achievement of earnout target	200,100	31,400
Shares to be issued for achievement of earnout target	¥ 128,119	$ 20,105	¥ 200,100

Organization and Principal Acti

Organization and Principal Activities	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	1. ORGANIZATION AND PRINCIPAL ACTIVITIES Scienjoy Holding Corporation (the “Company” or “Scienjoy”) through its subsidiaries, and variable interest entities(“VIE”) and its subsidiaries (collectively the “Group”) are principally engaged in operating its own live streaming platforms in the People’s Republic of China (the “PRC”), which enable users to view and interact with broadcasters through online chat, virtual items and playing games. The primary theme of the Company’s platform is entertainment live streaming. (a) Reverse recapitalization On May 7, 2020, the Company, formerly known as Wealthbridge Acquisition Limited (“Wealthbridge”), consummated the transactions (the “SPAC Transaction”) contemplated by the Share Exchange Agreement (the “Share Exchange Agreement”) dated as of October 28, 2019, pursuant to which the Company acquired 100% of the issued and outstanding equity interests of Scienjoy Inc. and changed its name to Scienjoy Holding Corporation. Upon the closing of the Transaction, the Company acquired 100% of the issued and outstanding equity interests of Scienjoy Inc. in exchange for approximately in aggregated of 19.4 million Class A ordinary shares, including 3 million Class A ordinary shares as part of earn-out consideration that was issued to the previous owners of Scienjoy Inc. (Note -2). Scienjoy Inc. was determined to be the accounting acquirer given that the original shareholders of Scienjoy Inc. effectively controlled the combined entity after the Transaction. The Transaction is not a business combination because Wealthbridge was not a business. The transaction is accounted for as a reverse recapitalization, which is equivalent to the issuance of shares by Scienjoy Inc. for the net monetary assets of Wealthbridge, accompanied by a recapitalization. Scienjoy Inc. is determined as the predecessor, and the historical financial statements of Scienjoy Inc. became the Company’s historical financial statements, with retrospective adjustments to give effect of the reverse recapitalization. The share and per share data is retrospectively restated to give effect to the reverse recapitalization. (b) Reorganization On January 1, 2018, Tongfang Investment Fund Series SPC (“TF”) completed the acquisition of a 65% equity interest in Sixiang Times (Beijing) Technology Co., Ltd (“Sixiang Times”) from NQ Mobile Inc. Through the acquisition of Sixiang Times, TF acquired a controlling position in Holgus Sixiang Information Technology Co., Ltd (“Holgus X”), Kashgar Sixiang Times Internet Technology Co., Ltd (“Kashgar Times”), Beijing Sixiang Shiguang Technology Co., Ltd (“SG”), Hai Xiu (Beijing) Technology Co., Ltd (“HX”) and Beijing Le Hai Technology Co., Ltd (“LH”). On May 18, 2017, Scienjoy Inc. established its wholly owned subsidiary in Hong Kong, Scienjoy International Limited (“Scienjoy HK”), as a holding company holding all of the outstanding shares of Sixiang Wuxian (Beijing) Technology Co., Ltd (“WXBJ”) which was established in PRC on October 17, 2017 under the laws of the People’s Republic of China as a holding company holding all of the equity interest of Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”),which was incorporated on July 5, 2018. Scienjoy Inc. established ZH (through WXBJ), as a holding company for purpose of holding all of the outstanding equity interest of Holgus X and Kashgar Times, as follows: (i) On July 18, 2018, Sixiang Times and ZH executed an equity transfer agreement. Pursuant to the agreement, 100% equity interest in Holgus X was transferred to ZH. (ii) On July 24, 2018, Sixiang Times and ZH executed an equity transfer agreement. Pursuant to the agreement, 100% equity interest in Kashgar Times was transferred to ZH. In consideration of the transfer, the Company paid RMB10,000 to the former shareholders of Kashgar Times. On November 16, 2018, Sixiang Times and other minority shareholders respectively entered into certain equity transfer agreements with Sixiang Huizhi (Beijing) Technology Culture Co., Ltd. (“HZ”) and Tianjin Sihui Peiying Technology Co., Ltd. (“SY”), and transfer 100% equity interest in SG to HZ, and transfer 100% equity interest in HX and LH to HZ and SY accordingly. Both HZ and SY were ultimately controlled by TF. On January 28, 2019, HZ and SY executed equity transfer agreement with Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”). Pursuant to the agreement, 100% equity interest in SG, HX and LH were transferred to QY which is ultimately controlled by TF. In consideration of the transfer, Scienjoy Inc. paid RMB 32,000 to the former shareholders of SG, HX and LH. On January 29, 2019, Scienjoy Inc., through its wholly owned subsidiary WXBJ, entered into a series of contractual arrangements (VIE Agreements) with QY and its respective shareholders, and in substance controlled all equity shares, risk and reward of SG, HX and LH through QY accordingly as a primary beneficiary of QY. On January 29, 2019, Scienjoy Inc. completed its reorganization of entities under the common control of the founders. Scienjoy, Scienjoy HK, WXBJ and ZH were established as holding Companies. WXBJ holds 100% of equity interests of ZH which holds 100% of equity interest in Kashgar Times and Holgus X. WXBJ is the primary beneficiary of QY which holds 100% equity interest in SG, HX and LH. These transactions were between entities under common control, and therefore accounted for in a manner similar to the pooling of interest method. Under the pooling-of-interests method, combination between two businesses under common control is accounted for at carrying amounts with retrospective adjustment of prior period financial statements, and the equity accounts of the combining entities are combined and the difference between the consideration paid and the net assets acquired is reflected as an equity transaction (i.e., distribution to parent company). As opposed to the purchase method of accounting, no intangible assets are recognized in the transaction, and no goodwill is recognized as a result of the combination. (c) Recent developments In December 2019, a novel strain of coronavirus (COVID-19) surfaced. COVID-19 has spread rapidly to many parts of the PRC and other parts of the world in the first half of 2020, which has caused significant volatility in the PRC and international markets. In the year ended December 31, 2020, the COVID-19 pandemic did not have a material net impact on the Company’s financial positions and operating results. The extent of the impact on the Company’s future financial results will be dependent on future developments such as the length and severity of the crisis, the potential resurgence of the crisis, future government actions in response to the crisis and the overall impact of the COVID-19 pandemic on the global economy and capital markets, among many other factors, all of which remain highly uncertain and unpredictable. Given this uncertainty, the Company is currently unable to quantify the expected impact of the COVID-19 pandemic on its future operations, financial condition, liquidity and results of operations if the current situation continues. On March 2, 2021, the Company’s VIE, Zhihui Qiyuan (Beijing) Technology Co., Ltd. established a wholly owned subsidiary Zhihui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) in Hainan, PRC to provide information technology service. On September 27, 2021, the Company’s VIE, Beijing Sixiang Shiguang Technology Co., Ltd. established a wholly owned subsidiary Shanhai Weilan (Beijing) Technology Co., Ltd (“SHWL”) in Beijing, PRC to provide information technology service. On September 29, 2021, the Company’s VIE, Beijing Sixiang Shiguang Technology Co., Ltd. established a wholly owned subsidiary Shihuai (Beijing) Technology Co., Ltd (“SH”) in Beijing, PRC to provide information technology service. On September 29, 2021, the Company’s VIE, Beijing Sixiang Shiguang Technology Co., Ltd. established a wholly owned subsidiary Huayu Hefeng (Qingdao) Technology Co., Ltd (“HYHF”) in Shandong, PRC to provide information technology service. On April 28, 2022, Scienjoy HK established a wholly owned subsidiary Sixiang Wuxian (Zhejiang) Culture Technology Co. Ltd. (“WXZJ ”) in Zhejiang, PRC to provide information technology service. (d) Organization Subsidiaries of the Company and VIEs where the Company is the primary beneficiary include the following: Subsidiaries Date of Place of Percentage of Principal Scienjoy Inc. March 2, 2017 Cayman Islands 100% Holding Company Scienjoy International Limited (“Scienjoy HK”) May 18, 2017 Hong Kong 100% Holding Company Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WXBJ”) October 17, 2017 The PRC 100% Holding Company Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) July 5, 2018 The PRC 100% Holding Company Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”) May 9, 2017 The PRC 100% Live streaming platform Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”) March 2, 2016 The PRC 100% Live streaming platform Scienjoy BeeLive Limited (formerly known as Sciscape International Limited, “SIL”) December 18, 2017 Hong Kong 100% Live streaming platform Kashgar Sixiang Lehong Information Technology Co., Ltd (“Kashgar Lehong”) July 23, 2020 The PRC 100% Information technology Holgus Sixiang Haohan Internet Technology Co., Ltd.(“Holgus H”) (a wholly owned subsidiary of ZH) December 11, 2020 The PRC 100% Information technology Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) (a wholly owned subsidiary of ZH) December 23, 2020 The PRC 100% Live streaming platform VIEs Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) January 22, 2019 The PRC 100% Holding Company Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”) October 28, 2011 The PRC 100% Live streaming platform Hai Xiu (Beijing) Technology Co., Ltd. (“HX”) April 18, 2016 The PRC 100% Live streaming platform Beijing Le Hai Technology Co., Ltd. (“LH”) June 16, 2015 The PRC 100% Live streaming platform Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) July 18, 2018 The PRC 100% Live streaming platform Sixiang Mifeng (Tianjin) Technology Co., Ltd (“DF”, formerly known as Tianjin Guangju Dingfei Technology Co., Ltd) August 8, 2016 The PRC 100% Live streaming platform Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of DF) September 22, 2016 The PRC 100% Live streaming platform Zhihui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) (a wholly owned subsidiary of QY) March 2, 2021 The PRC 100% Live streaming platform Shanhai Weilan (Beijing) Technology Co., Ltd (“SHWL”) (a wholly owned subsidiary of SG) September 27, 2021 The PRC 100% Live streaming platform Shihuai (Beijing) Technology Co., Ltd (“SH”) (a wholly owned subsidiary of SG) September 29, 2021 The PRC 100% Live streaming platform Huayu Hefeng (Qingdao) Technology Co., Ltd (“HYHF”) (a wholly owned subsidiary of SG) September 29, 2021 The PRC 100% Live streaming platform On January 29, 2019, the Company completed its reorganization of entities under the common control of the founders. Scienjoy, Scienjoy HK, WXBJ and ZH were established as holding Companies. WXBJ holds 100% of equity interests of ZH which holds 100% of equity interest in Kashgar Times and Holgus X. WXBJ is the primary beneficiary of QY which holds 100% equity interest in SG, HX and LH. All of these entities included in the Company are under common control, which results in the consolidation of QY and ZH which have been accounted for as a reorganization of entities under common control at carry value. The consolidated financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of the Company. Foreign ownership of Internet-based businesses, including distribution of online information (such as game content provider), is subject to restrictions under current PRC laws, regulations, and other applicable laws and regulations. The Company is a Cayman Island company and WXBJ and WXZJ (its PRC subsidiaries) are considered foreign invested enterprises. To comply with these regulations, the Company operates the live streaming platforms through SG, HX and LH in PRC (its consolidated VIE). As such, QY is controlled through contractual arrangements in lieu of direct equity ownership by the Company or any of its subsidiaries. Such contractual arrangements consist of a series of three agreements and a shareholder power of attorney (collectively the “Contractual Arrangements”, which were signed on January 29, 2019). The following is a summary of the various VIE agreements: Exclusive Option Agreements Pursuant to the exclusive option agreement (including its amendment or supplementary agreements, if any, the “Exclusive Option Agreement”) amongst WXBJ, QY and the nominee shareholders who collectively owned all of QY, the nominee shareholders irrevocably granted WXBJ or its designated party, an exclusive option to purchase all or part of the equity interests held by the nominee shareholders in QY, when and to the extent permitted under PRC law, at an amount equal to the lowest permissible purchase price as set by PRC law. QY cannot declare any profit distributions, or create any encumbrances in any form without the prior written consent of WXBJ. The nominee shareholders must remit in full any funds received from QY to WXBJ, in the event any distributions are made by the VIE pursuant to any written consents of WXBJ. The Exclusive Option Agreement shall remain effective for twenty (20) years and shall be automatically extended for an additional period of one (1) year. The additional period automatically enters the renewal extension of one (1) year at the end of each extended additional period. WXBJ has the right to terminate this agreement at any time after giving a thirty (30) days’ prior termination notice. Exclusive Business Cooperation Agreements Pursuant to the exclusive business cooperation agreement (including its amendment or supplementary agreements, if any, the “Exclusive Business Cooperation Agreement”) between WXBJ and the VIE, WXBJ is to provide exclusive business support, technical and consulting services related to all technologies needed for its business in return for fees that equals to all of the consolidated net income after offsetting previous year’s loss (if any) of SG, HX and LH. The service fees may be adjusted by WXBJ based on the following factors: ● complexity and difficulty of the services pursuant to the business cooperation agreement to the VIE during the month (the “Monthly Services”) ● the number of WXBJ’s employees who provided the Monthly Services and the qualifications of the employees; ● the number of hours WXBJ’s employees spent to provide the Monthly Services; ● nature and value of the Monthly Services; ● market reference price; and ● the VIE’ operating conditions for the month. The term of the Exclusive Business Cooperation Agreement is twenty (20) years and shall be automatically extended for an additional period of one (1) year. The additional period automatically enters the renewal extension of one (1) year at the end of each extended additional period. Besides, WXBJ has the right to terminate this agreement at any time after giving a thirty (30) days’ prior termination notice. Power of Attorney Agreements The nominee shareholders entered into the power of attorney agreement (including its amendment or supplementary agreements, if any, the “Power of Attorney Agreement”) whereby they granted an irrevocable proxy of the voting rights underlying their respective equity interests in the VIE to WXBJ, which includes, but are not limited to, all the shareholders’ rights and voting rights empowered to the nominee shareholders by the PRC company law and the VIE’s Article of Association. The power of attorney remains irrevocable and continuously valid from the date of execution so long as each shareholder remains as a shareholder of QY. Share Pledge Agreements Pursuant to the share pledge agreement (including its amendment or supplementary agreements, if any, the “Share Pledge Agreement”) between WXBJ, QY and the nominee shareholders, the nominee shareholders have pledged all their equity interests in the VIE to guarantee the performance of the VIE’ obligations under the Exclusive Option Agreement, Exclusive Business Cooperation Agreement and Power of Attorney Agreement. If the VIE breaches their respective contractual obligations under those agreements, WXBJ, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. The nominee shareholders agreed not to transfer, sell, pledge, dispose of or otherwise create any new encumbrance on their equity interests in the VIE without the prior written consent of WXBJ. The Share Pledge Agreement shall be continuously valid until all the its obligations under the VIE Agreements have been fulfilled, or the VIE Agreements are terminated, or the secured debts has been fully executed. Based on the foregoing contractual arrangements, which grant WXBJ effective control of QY and its subsidiaries and obligate WXBJ to absorb all of the risk of loss from their activities and enable WXBJ to receive all of their expected residual returns, the Company accounts for QY as a VIE. Accordingly, the Company consolidates the accounts of QY for the periods presented herein, in accordance with Regulation S-X-3A-02 promulgated by the Securities Exchange Commission (“SEC”) and Accounting Standards Codification (“ASC”) 810-10, Consolidation. The following tables represent the financial information of the consolidated VIE and its subsidiaries as of December 31, 2020 and 2021 before eliminating the intercompany balances and transactions between the VIE and other entities within the Company: As of December 31, 2020 2021 2021 RMB RMB USD ASSETS Current assets Cash and cash equivalents 72,179 71,308 11,190 Accounts receivable, net 183,555 122,480 19,220 Prepaid expenses and other current assets 11,728 157,724 24,750 Amounts due from related parties - 1,052 165 Amounts due from inter-companies (1) 130,987 139,621 21,910 Total current assets 398,449 492,185 77,235 Non-current assets Property and equipment, net 1,195 1,312 206 Intangible assets, net 239,609 235,688 36,985 Goodwill 92,069 92,069 14,448 Deferred tax assets 5,004 3,717 583 Long term deposits and other assets 950 950 149 Long term investments 5,000 251,827 39,517 Total non-current assets 343,827 585,563 91,888 TOTAL ASSETS 742,276 1,077,748 169,123 LIABILITIES Current liabilities Accounts payable 58,713 64,535 10,127 Deferred revenue 35,259 29,258 4,591 Accrued salary and employee benefits 16,069 13,585 2,132 Accrued expenses and other current liabilities 8,921 5,184 813 Income tax payable 8,581 8,801 1,381 Interest payable - 41 6 Amounts due to inter-companies (1) 248,127 309,098 48,504 Current portion of contingent consideration – earn-out liability 16,365 10,638 1,669 Total current liabilities 392,035 441,140 69,223 Non-current liabilities Deferred tax liabilities 59,729 58,746 9,219 Contingent consideration – earn-out liability 15,116 - - Total non-current liabilities 74,845 58,746 9,219 TOTAL LIABILITIES 466,880 499,886 78,442 (1) Amount due from/to inter-companies consist of intercompany receivables/payables to the other companies within the Company. All revenue-producing assets recognized by the Company, including trademarks, patents, copyrights and software, that are held by the VIE, please refer to Note 8. There are no unrecognized revenue-producing assets. Summarized below is the information related to the financial performance of the VIE reported in the Company’s consolidated statements of income for the years ended December 31, 2019, 2020 and 2021, respectively: For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Net revenues 700,729 940,783 1,198,273 188,035 Third party customers 635,855 936,551 1,164,317 182,707 Inter-companies 64,874 4,232 33,956 5,328 Net (loss) income 36,982 45,722 102,042 16,013 For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Net cash provided by operating activities 60,234 270,927 70,255 11,025 Net cash used in investing activities (5,347 ) (323,670 ) (250,714 ) (39,342 ) Net cash provided by (used in) financing activities (28,682 ) 80,247 179,585 28,181

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation and principles of consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”). The consolidated financial statements include the financial statements of the Company and its subsidiaries, and its VIE and VIE’s subsidiaries over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE are eliminated upon consolidation. (b) Business combinations The Company accounts for all business combinations under the purchase method of accounting in accordance with ASC 805, Business Combinations (“ASC 805”). The purchase method of accounting requires that the consideration transferred to be allocated to net assets including separately identifiable assets and liabilities the Company acquired, based on their estimated fair value. The consideration transferred in an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total of the cost of the acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the identifiable net assets of the acquiree, the difference is recognized directly in earnings. The determination and allocation of fair values to the identifiable net assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable judgment from management. Although the Company believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from forecasted amounts and the differences could be material. (c) Use of estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Areas where management uses subjective judgment include, but are not limited to revenue recognition, estimating the useful lives of long-lived assets and intangible assets, valuation assumptions in performing asset impairment tests of long-lived assets, fair value of warrant liabilities and contingent liability, allowance for doubtful accounts, and valuation of deferred taxes and deferred tax assets. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements. (d) Foreign currency The functional currency of the Company is in US dollars and the functional currency of the Company’s subsidiaries and VIEs are Renminbi (“RMB”), as determined based on the criteria of Accounting Standards Codification (“ASC”) 830 (“ASC 830”) “Foreign Currency Matters”. The reporting currency of the Company is also the RMB. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange in place at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into the functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statement of operations. Assets and liabilities of the Company translated from their respective functional currencies to the reporting currency at the exchange rates at the balance sheet dates, equity accounts are translated at historical exchange rates and revenues and expenses are translated at the average exchange rates in effect during the reporting period. The resulting foreign currency translation adjustment are recorded in other comprehensive income (loss). (e) Convenience translation Translations of balances in the consolidated balance sheets, consolidated statements of income and consolidated statements of cash flows from RMB into USD (or “US$”) as of and for the year ended December 31, 2021 are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB 6.3726, representing the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York on the last trading day of December 31, 2021. No representation is made that the RMB amounts represent or could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate. (f) Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the historical carrying amount net of allowance for doubtful accounts. Accounts are considered overdue after 180 days. The Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for doubtful accounts taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the debtors as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances for each account may require the Company to use substantial judgment in assessing its collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable. (g) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation using the straight-line method over their estimated useful lives, once the asset is placed in service. The estimated useful lives are as follows: Computer and transmission equipment 3 years Furniture, fixtures and office equipment 5 years Repair and maintenance costs are charged to expense when incurred, whereas the cost of betterments that extend the useful life of property and equipment are capitalized as additions to the related assets. Retirement, sale and disposals of assets are recorded by removing the cost and related accumulated depreciation with any resulting gain or loss reflected in the consolidated statements of income. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives. (i) Intangible assets Intangible assets are carried at cost less accumulated amortization and any impairment. License for Beelive platform is determined to have an infinite useful life and is not subject to amortization and tested for impairment at least annually. Intangible assets with a finite useful life are amortized using the straight-line method over the estimated economic life of the intangible assets as follows: Trademark 10 years Patent 10 years Copyright 10 years Software 3 to 10 years Licenses acquired 3 years to infinite life (j) Impairment of long-lived assets The Company evaluates its long-lived assets or asset group, including property and equipment and intangible assets including license that has an infinite useful life, for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates for impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Fair value is generally determined by discounting the cash flows expected to be generated by the assets, when the market prices are not readily available for the long-lived assets. No impairment of long-lived assets was recognized for the years ended December 31 2019, 2020 and 2021. (k) Goodwill Goodwill represents the excess of cost over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Goodwill is not subject to amortization but is monitored annually for impairment or more frequently if there are indicators of impairment. Management considers the following potential indicators of impairment: significant underperformance relative to historical or projected future operating results, significant changes in the Company’s use of acquired assets or the strategy of the Company’s overall business, significant negative industry or economic trends and a significant decline in the Company’s stock price for a sustained period. The Company performs its impairment test on annual basis. Currently, the Company’s goodwill is evaluated at the entity level as it has been determined there is one operating segment comprised of one reporting unit. When assessing goodwill for impairment the Company first performs a qualitative assessment to determine whether it is necessary to perform a quantitative analysis. If the Company determines it is unlikely that the reporting unit fair value is less than its carrying value then no quantitative assessment is performed. If the Company cannot determine that it is likely that the reporting unit fair value is more than its carrying value, then the Company performs a quantitative assessment. Based on the qualitative assessment performed for the year ended December 31, 2021, the Company determined it was unlikely that it’s reporting unit fair value was less than its carrying value and no quantitative assessment was required. (l) Long term investment ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The main provisions require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value through earnings, unless they qualify for a measurement alternative. The Company adopted the new financial instruments accounting standard from January 1, 2020. Equity Investments with Readily Determinable Fair Values Equity investments with readily determinable fair values are measured and recorded at fair value using the market approach based on the quoted prices in active markets at the reporting date. Equity investments without readily determinable fair values After the adoption of this new accounting standard, the Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment, adjusted for subsequent observable price changes on a nonrecurring basis, and report changes in the carrying value of the equity investment in current earnings. Changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. Reasonable efforts shall be made to identify price changes that are known or that can reasonably be known. Equity investments accounted for using the equity method The Company accounts for its equity investment over which it has significant influence but does not own a majority equity interest or otherwise control, using the equity method. The Company adjusts the carrying amount of the investment and recognizes investment income or loss for its share of the earnings or loss of the investee after the date of investment. The Company assesses its equity investment for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the entity, including current earnings trends and undiscounted cash flows, and other entity-specific information. The fair value determination, particularly for investments in a privately held entity, requires judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investment and determination of whether any identified impairment is other-than-temporary. (m) Fair value of financial instruments ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived from or corroborated by observable market data. ● Level 3 — inputs to the valuation methodology are unobservable. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, accounts receivable, other receivables included in prepaid expenses and other current assets, accounts payables, balances with related parties and other current liabilities, approximate their fair values because of the short-term maturity of these instruments. Contingent consideration – earn-out liability (i) Earn-out liability from SPAC transaction In connection with SPAC transaction, the previous shareholders of Scienjoy Inc. may be entitled to receive earnout shares as follows: (1) if Scienjoy Inc.’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, the previous owners of Scienjoy Inc will be entitled to receive 3,000,000 Class A ordinary shares of the Company (“SPAC Earn-out Target 2020”); and (2) if Scienjoy Inc.’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, the previous owners of Scienjoy Inc. will be entitled to receive 3,000,000 Class A ordinary shares of the Company. Notwithstanding the net income before tax achieved by the post-transaction company for any period, the previous owners of Scienjoy Inc. will receive (i) 3,000,000 earn-out shares if the share price of the Company is higher than $20.00 for any sixty days in any period of ninety consecutive trading days between May 8, 2021 and May 7, 2022, and (ii) 3,000,000 earnout shares if the share price of the Company is higher than $25.00 for any sixty days in any period of ninety consecutive trading between May 8, 2022 and May 7, 2023. Upon the closing of the SPAC Transaction, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from May 8, 2020 to December 31, 2021 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, December 31, Risk-free interest rate 0.14 % 0.10 % 0.38 % Share price $ 8.92 $ 8.66 $ 5.68 Probability 20% - 50% 10 % 20%-50% (ii) Earn-out liability from BeeLive acquisition In connection with the acquisition of Beelive (Note 4), the previous shareholders of BeeLive may be entitled to receive earnout shares as follows: (i) if the BeeLive Company’s total annual revenue is no less than RMB 336.6 million in Year 2020,the previous shareholder will be entitled to received additional 540,960 Class A ordinary shares (“Beelive Earn-out Target 2020”); (ii) if the BeeLive Companies’ total annual revenue is no less than RMB 460.6 million in Year 2021, the previous shareholder will be entitled to received additional 540,960 Class A ordinary shares; and (iii) if the BeeLive Companies’ total annual revenue is no less than RMB 580.9 million in Year 2022, the previous shareholder will be entitled to received additional 540,960 Class A ordinary shares. If the total annual revenue of BeeLive Company in a particular performance year does not reach the target revenue as specified above, but is equal to or more than 80% of the target revenue, the previous shareholder will be entitled to a reduced number of the earn-out shares. Upon the closing of the BeeLive acquisition, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from the acquisition date to December 31, 2021 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: August 10, December 31, December 31, Risk-free interest rate 0.12 - 0.14 % 0.11% - 0.13 % 0.38 % Share price $ 6.2 $ 8.66 $ 5.68 Probability 20% - 50 % 20% - 50 % 20% - 50 % The aggregated contingent considerations for the earn-out liabilities were approximate RMB107.3 million as of December 31, 2020, including current portion of earn-out liability of RMB92.2 million and non-current portion of earn-out liability of RMB15.1 million. The aggregated contingent considerations for the earn-out liabilities were approximate RMB10.6 million as of December 31, 2021, including current portion of earn-out liability of RMB10.6 million. The Company measures contingent consideration – earn-out liability at fair value on a recurring basis as of the dates of acquisition and December 31, 2021. The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: As of December 31, 2021 Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ - ¥ - Earn-out liability from BeeLive acquisition - - 10,638 10,638 ¥ - ¥ - ¥ 10,638 ¥ 10,638 At the dates of the transactions Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 266,828 ¥ 266,828 Earn-out liability from BeeLive acquisition - - 39,755 39,755 Total ¥ - ¥ - ¥ 306,583 ¥ 306,583 As of December 31, 2021, the earn-out liability related to SPAC Earn-out Target 2021 and Beelive Earn-out Target 2021 were met. As a result, the Company classified the related portion of earn-out liability in aggregated of RMB128,119 as shares to be issued in the equity of the Company. As of December 31, 2021, there was 3,540,960 earn-out shares required to be issued and the Company included it in the calculation of earnings per share. The Company did not transfer any assets or liabilities in or out of Level 3 during the years ended December 31, 2020 and 2021. The following is a reconciliation of the beginning and ending balances for contingent consideration measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2020 and 2021: Balance Balance at January 1, 2020 ¥ - Contingent consideration resulting from SPAC Transaction 266,828 Contingent consideration resulting from BeeLive acquisition 39,755 Fair value change 14,068 Exchange difference (13,252 ) Reclassification to shares to be issued (200,100 ) Balance at December 31, 2020 ¥ 107,299 Fair value change 33,584 Exchange difference (2,126 ) Reclassification to shares to be issued (128,119 ) Balance at December 31, 2021 ¥ 10,638 Less: Contingent consideration – earn-out liability – non-current portion ¥ - Contingent consideration – earn-out liability –current portion ¥ 10,638 Warrant liabilities The Company’s warrants assumed from SPAC acquisition on May 7,2020, the date of the closing of SPAC Transaction, that have complex terms, such as a clause in which the warrant agreements contain a cash settlement provision whereby the holders could settle the warrants for cash upon a fundamental transaction that is considered outside of the control of management are considered to be a derivative as contemplated in ASC 815-40. The warrant is recorded as derivative liability on the consolidated balance sheet upon the SPAC transaction and is adjusted to its fair value at the end of each reporting period, with the change being recorded as other expense or gain in accordance with ASC 820. The warrant liabilities were measured and recorded on a recurring basis. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, December 31, Risk-free interest rate 0.23 % 0.18 % 0.75 % Share price $ 8.92 $ 8.66 $ 5.68 Volatility 37 % 38 % 53 % The following table sets forth the establishment of the Company’s Level 3 warrant liabilities, as well as a summary of the changes in the fair value: Balance Balance at January 1, 2020 ¥ - Warrant liabilities resulting from SPAC Transaction 36,121 Fair value change (3,904 ) Exchange difference (2,659 ) Balance as of December 31, 2020 ¥ 29,558 Fair value change (16,421 ) Exercised (115 ) Exchange difference (2,698 ) Balance as of December 31, 2021 ¥ 10,324 (n) Revenue recognition On January 1, 2019, the Company adopted ASC 606, “Revenue from Contracts with Customers” using the modified retrospective method applied to those contracts which were not completed as of January 1, 2019. Results for reporting periods beginning after January 1, 2019 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 605. Based on the Company’s assessment, the adoption of ASC 606 did not result in any adjustment on the Company’s consolidated financial statements, and there were no material differences between the Company’s adoption of ASC 606 and its historic accounting under ASC 605. Revenues are recognized when control of the promised virtual items or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those virtual items or services. Revenue is recorded, net of sales related taxes and surcharges. Live streaming The Company is principally engaged in operating its own live streaming platforms, which enable broadcasters and viewers to interact with each other during live streaming. The Company is responsible for providing a technological infrastructure to enable the broadcasters, online users and viewers to interact through live streaming platforms. All the platforms can be accessed for free. The Company mainly derives the revenue from sales of virtual items in the platforms. The Company has a recharge system for users to purchase the Company’s virtual currency then purchase virtual items for use. Users can recharge via various online third-party payment platforms, including WeChat Pay, AliPay and other payment platforms. Virtual currency is non-refundable and often consumed soon after it is purchased. The Company designs, creates and offers various virtual items for sales to users with pre-determined stand-alone selling price. Virtual items are categorized as consumable and time-based items. Consumable items are consumed upon purchase and use while time-based items could be used for a fixed period of time. Users can purchase and present consumable items to broadcasters to show support for their favorite broadcasters, or purchase time-based virtual items for one or multiple months for a monthly fee, which provide users with recognized status, such as priority speaking rights or special symbols over a period of time. The Company shares a portion of the sales proceeds of virtual items (“revenue sharing fee”) with broadcasters and talent agencies in accordance with their revenue sharing arrangements. Broadcasters, who do not have revenue sharing arrangements with the Company, are not entitled to any revenue sharing fee. The Company also utilizes third-party payment collection channels, which charges the payment handling cost for users to purchase the virtual currency directly from it. The payment handling costs are recorded in cost of sales. The Company evaluates and determines that it is the principal and views users to be its customers, because the Company controls the virtual items before they are transferred to users. Its control is evidenced by the Company’s sole ability to monetize the virtual items before they are transferred to users, and is further supported by the Company being primarily responsible to the users for the delivery of the virtual items as well as having full discretion in establishing pricing for the virtual items. Accordingly, the Company reports live streaming revenues on a gross basis with the amounts billed to users recorded as revenues and revenue sharing fee paid to broadcasters and related agencies recorded as cost of revenues. Sales proceeds are initially recorded as deferred revenue and recognized as revenue based on the consumption of the virtual items. The Company has determined that each individual virtual item represents a distinct performance obligation. Accordingly, live streaming revenue is recognized immediately when the consumable virtual item is used, or in the case of time-based virtual items, revenue is recognized over the fixed period on a straight-line basis. The Company does not have further obligations to the user after the virtual items are consumed. The Company’s live streaming virtual items are generally sold without right of return and the Company does not provide any other credit and incentive to its users. Unconsumed virtual currency is recorded as deferred revenue. The Company also cooperates with independent third-party distributors to sell virtual currency through annual distribution agreements with these distributors. Third-party distributors purchase virtual currency from the Company with no refund provision according to the annual distribution agreements, and they are responsible for selling the virtual currency to end users. They may engage their own sales representatives, which are referred to as “sales agents” to directly sell to individual end users. The Company has no control over such “sales agents”. The Company has discretion to determine the price of the virtual currency sold to its third-party distributors, but has no discretion as to the price at which virtual currency is sold by its third-party distributors to the sales agents. Technical Services The Company generated technical revenues from providing technical development and advisory, which accounts for only approximately 1% or less of revenue for the years ended December 31, 2020 and 2021. As the amount was immaterial, and short-term in nature which is usually less than six months, the Company recognizes revenue when service were rendered and accepted by customers. Practical expedients and exemptions The Company’s contracts have an original duration of one year or less. Accordingly, the Company does not disclose the value of unsatisfied performance obligations. Revenue by types and platforms The following table sets forth types of our revenue for the periods indicated: For the years ended December 31, 2020 2021 2021 Amounts in thousands of RMB and USD RMB RMB USD Live streaming - consumable virtual items revenue 1,187,431 1,617,056 253,751 Live streaming - time based virtual item revenue 29,596 32,905 5,164 Technical services 5,156 19,397 3,044 Total revenue 1,222,183 1,669,358 261,959 As of December 31, 2021, we operated four brands of live streaming platforms, consisting of: Showself Live Streaming, Lehai Live Streaming, Haixiu Live Streaming and BeeLive Live Stream (including BeeLive Chinese version – Mifeng). The following table sets forth our revenue by platforms for the periods indicated: For the years ended December 31, 2020 2021 2021 Amounts in thousands of RMB and USD RMB RMB USD Showself 549,763 595,004 93,369 Lehai 180,112 242,910 38,118 Haixiu 321,468 326,661 51,260 Beelive 165,684 485,386 76,168 Technical services 5,156 19,397 3,044 TOTAL 1,222,183 1,669,358 261,959 Contract balances Contract balances include accounts receivable and deferred revenue. Accounts receivable primarily represent cash due from distributors and are recorded when the right to consideration is unconditional. The allowance for doubtful accounts reflects the best estimate of probable losses inherent to the account receivable balance. Deferred revenue primarily includes unconsumed virtual currency and unamortized revenue from time-based virtual items in the Company’s platforms, where there is still an obligation to be provided by the Company, which will be recognized as revenue when all of the revenue recognition criteria are met. Due to the generally short-term duration of the relevant contracts, all performance obligations are satisfied within one year. (o) Government subsidies Government subsidies are primarily referred to the amounts received from various levels of local governments from time to time which are granted for general corporate purposes and to support its ongoing operations in the region. The grants are determined at the discretion of the relevant government authority and there are no restrictions on their use. The government subsidies are recorded as other income in the period the cash is received. (p) Cost of revenues Amounts recorded as cost of revenue relate to direct expenses incurred in order to generate revenue. Such costs are recorded as incurred. Cost of revenues consists primarily of (i) revenue sharing fees and content costs, including payments to various broadcasters, and content providers, (ii) bandwidth costs, (iii) salaries and welfare, (iv) depreciation and amortization expense for servers and other equipment, and intangibles directly related to operating the platform, (v) user acquisition costs (vi) payment handling costs, and (vii) other costs. (q) Research and development expenses Research and development expenses primarily consist of (1) salaries and benefits expenses incurred for research and development personnel, and (2) rental, general expenses and depreciation expenses associated with the research and development activities. Expenditures incurred during the research phase are expensed as incurred an

Concentration of Risk

Concentration of Risk	12 Months Ended
	Dec. 31, 2021
Risks and Uncertainties [Abstract]
CONCENTRATION OF RISK	3. Concentration of risk (a) Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, accounts receivable, other receivables included in prepaid expenses, other current assets, and amounts due from related parties. As of December 31, 2020 and 2021, RMB222,609 and RMB238,792 (US$37,472), respectively, were deposited with major financial institutions located in the PRC. Management believes that these financial institutions are of high credit quality and continually monitor the credit worthiness of these financial institutions. Historically, deposits in Chinese banks are secure due to the state policy on protecting depositors’ interests. For the credit risk related to accounts receivable, the Company performs ongoing credit evaluations of its customers. The Company establishes an allowance for doubtful accounts based upon estimates, factors surrounding the credit risk of specific customers and other information. The allowance amounts were immaterial for all periods presented. (b) Currency convertibility risk Substantially all of the Company’s businesses are transacted in RMB, which is not freely convertible into foreign currencies. On January 1, 1994, the PRC government abolished the dual rate system and introduced a single rate of exchange as quoted daily by the People’s Bank of China. However, the unification of the exchange rates does not imply the convertibility of RMB into US$ or other foreign currencies. All foreign exchange transactions continue to take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. (c) Significant customers For the years ended December 31,2019, 2020 and 2021, no customer individually represents greater than 10% of the total revenue. (d) Significant suppliers For the year ended December 31, 2019, one vendor accounted for 37.2% of the Company’s total purchases and two vendors accounted for 30.7% and 21.6% of the Company’s accounts payable as of December 31, 2019. For the year ended December 31, 2020, one vendor accounted for 30.8% of the Company’s total purchases and three vendors accounted for 13.1%, 10.4% and 10.0% of the Company’s accounts payable as of December 31, 2020. For the year ended December 31, 2021, one vendor accounted for 19.6% of the Company’s total purchases and one vendor accounted for 10.9%, of the Company’s accounts payable as of December 31, 2021.

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
ACQUISITION	4. ACQUISITION 4.1 Acquisition of Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) On January 10, 2020, the Company entered into a purchase agreement with the shareholder of LXZ to acquire 100% equity interest in LXZ with a cash consideration of RMB 200 (US$31). LXZ is engaged in operating its own live streaming platform. The Company believes the acquisition of LXZ helps to enrich its product line, expand its user base and capitalize on the growth potential in the lives streaming market. The operating results of LXZ for the years ended December 31, 2019 and 2020 were not significant to the Company. The operating results of LXZ have been included in the consolidated financial statements since the acquisition. The Company’s acquisition of LXZ was accounted for as business combination in accordance with ASC 805. Acquisition-related costs incurred for the acquisitions are not material. The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition based on a valuation performed by an independent valuation firm engaged by the Company. Amount RMB USD Cash acquired 23 4 Accounts receivable, net 8 1 Intangible assets, net 239 37 Accounts and other payables (70 ) (11 ) Total consideration 200 31 The intangible assets are mainly attributable to a license and software acquired through the acquisition, which are generally amortized over 3 years. 4.2 Acquisition of BeeLive On August 10, 2020, the Company signed an Equity Acquisition Framework Agreement (the “BeeLive Acquisition Agreement”) to acquire 100% equity interest in Sciscape International Limited which holds the platform BeeLive International and 100% equity interest in Tianjin Guangju Dingfei Technology Co., Ltd. which holds BeeLive Chinese (MiFeng). Pursuant to the Agreement, the Company is required to pay (i) a cash consideration of RMB50.0 million (US$7.4 million) and (ii) RMB250.0 million in Class A ordinary shares (approximately 5.4 million Class A ordinary shares) to be issued by the Company. 30% of share consideration payments are subject to certain performance conditions (i.e. earn-out provisions as discussed below) and requirements over the following three years (earn-out arrangement). The fair value of purchase price including the consideration for earn-out arrangement was RMB264,755, based on a valuation performed by an independent valuation firm engaged by the Company. Tianjin Guangju Dingfei Technology Co., Ltd. subsequently changed its name to Sixiang Mifeng (Tianjin) Technology Co. and Sciscape International Limited changed its name to Scienjoy BeeLive Limited (together “BeeLive”). BeeLive is a global live streaming platform that initially launched in China in November 2016. To date, BeeLive International offers Arabic language live streaming product in the Middle East and Thai language live streaming product in Southeast Asia. The Company believes that this acquisition will provide users with an increasingly vibrant and interactive social experience and drive the Company’s expansion of the user base both in China and around the world. The Company’s acquisition of BeeLive was accounted for as business combination in accordance with ASC 805. Acquisition-related costs incurred for the acquisitions are not material. The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition based on a valuation performed by an independent valuation firm engaged by the Company. For the year ended December 31, 2020 and 2021, the first and second portion of earn-out shares of 540,960 and 540,960 achieved the performance requirement. Amount RMB USD Cash acquired 10,129 1,552 Accounts receivable, net 29,330 4,495 Prepayment 7,390 1,132 Amounts due from related parties 21,840 3,347 68,689 10,526 Property and equipment, net 426 65 Intangible assets, net 240,610 36,875 Deferred tax asset 7,577 1,161 Goodwill 92,069 14,110 Total assets 409,371 62,737 Current liabilities 77,079 11,813 Loan payable – non-current portion 7,400 1,134 Deferred tax liability 60,137 9,216 Total liabilities 144,616 22,163 Total consideration 264,755 40,574 The intangible assets are mainly attributable to Trademark and license as well as software acquired through the acquisition, which are generally amortized over 5-10 years, except that the license acquired for Beelive platform is determined to have an infinite useful life and is not subject to amortization. BeeLive began its international markets during the second half of 2019 and launched its Arabic language live streaming product in the Middle East and its Thai language live streaming product in Southeast Asia since mid of 2019. The following table summarizes unaudited pro forma results of operations for the year ended December 31, 2019 assuming that acquisition of BeeLive occurred as of January 1, 2019. The pro forma results have been prepared for comparative purpose only based on management’s best estimate and do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred as of the beginning of period: For the For the (Unaudited) (Unaudited) RMB USD Pro forma revenue 1,280,228 196,204 Pro forma gross profit 204,450 31,333 Pro forma income from operations 155,767 23,872 Pro forma net income 151,747 23,256 As of December 31, 2019, BeeLive’s own assets and liabilities were not significant. The assets and liabilities on the pro-forma balance sheets as of December 31, 2019 was substantially the financial position of the Company.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2021
Credit Loss, Additional Improvements [Abstract]
ACCOUNTS RECEIVABLE, NET	5. ACCOUNTS RECEIVABLE, NET Accounts receivable and allowance for doubtful accounts consist of the following: As of December 31, 2020 2021 2021 RMB RMB USD Accounts receivable 232,027 208,522 32,722 Less: allowance for doubtful accounts (3,813 ) (2,215 ) (348 ) Accounts receivable, net 228,214 206,307 32,374 An analysis of the allowance for doubtful accounts is as follows: For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Balance, beginning of year 9,432 10,266 3,813 599 Bad debt allowances from acquisition - 1,800 - - Additions (recovery) 834 (8,253 ) (1,592 ) (250 ) Exchange difference - - (6 ) (1 ) Balance, end of year 10,266 3,813 2,215 348 Two unrelated distributors accounted for 23.7% and 20.6% of the Company’s accounts receivable as of December 31, 2021, respectively. Two unrelated distributors accounted for 67.9% and 14.2% of the Company’s accounts receivable as of December 31, 2020, respectively.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2021
Prepaid Expenses and Other Current Assets [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	6. Prepaid expenses and other current assets Prepaid expenses and other current assets consist of the following: As of December 31, 2020 2021 2021 RMB RMB USD VAT recoverable 6,754 12,454 1,954 Prepaid expense 6,919 8,553 1,342 Prepayment for property and equipment - 19,000 2,982 Investment disposal receivable(1) - 30,000 4,708 Advance to Weiliantong(2) - 86,858 13,630 Loan receivable(3) - 8,000 1,255 Other receivables 80 500 78 Subtotal: 13,753 165,365 25,949 Less: allowance for doubtful accounts - - - Prepaid expenses and other current assets, net 13,753 165,365 25,949 (1) The Company invested RMB 30,000 in Tianjing Yieryi Technology Co., Ltd (“TJ YEY”) for its 12% equity interest on August 17, 2021. As part of the Framework Agreement signed on December 29, 2021 (Note 17), one of the shareholders of Yieryi bought such equity interest back from the Company for RMB 30,000. (2) The balance represented advance of RMB 86,858 to Beijing Weiliantong Technology Co., Ltd. (“Weiliantong”) related to the acquisition (Note 17), which was subsequently offset against acquisition consideration. (3) The balance represented a working capital loan to Jiada Hexin (Beijing) Technology Co., Ltd. The loan was from October 20, 2021 to December 31, 2022 with annual interest rate of 2.4% from October 20, 2021 to December 31, 2021 and annual interest rate of 6.0% from January 1, 2022 to December 31, 2022. An analysis of the allowance for doubtful accounts is as follows: For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Balance, beginning of year - - - - Additions 20 - - - Write off (20 ) - - - Balance, end of year - - - -

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	7. PROPERTY AND EQUIPMENT, NET Property and equipment, including those held under capital leases, consists of the following: As of December 31, 2020 2021 2021 RMB RMB USD At cost: Computer and transmission equipment 6,640 7,472 1,172 Furniture, fixtures and office equipment 427 584 92 Total 7,067 8,056 1,264 Less: accumulated depreciation (5,711 ) (6,382 ) (1,001 ) Property and equipment, net 1,356 1,674 263 For the years ended December 31, 2019, 2020 and 2021, depreciation expense was RMB655, RMB555 and RMB745 (US$117), respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	8. INTANGIBLE ASSETS Intangible assets, consists of the following: As of December 31, 2020 2021 2021 RMB RMB USD At cost: Trademark 26,718 26,956 4,230 Patent 33 122 19 Copyright 97 140 22 Software 6,804 6,995 1,098 License acquired 207,835 207,600 32,577 Total 241,487 241,813 37,946 Less: accumulated depreciation (1,853 ) (5,943 ) (933 ) Intangible assets, net 239,634 235,870 37,013 For the years ended December 31, 2019, 2020 and 2021, amortization expense was RMB26, RMB1,749 and RMB 4,090 (US$642), respectively. The estimated annual amortization expense for each of the five succeeding fiscal years is as follow: Amortization Amortization Twelve months ending December 31, RMB USD 2022 4,112 645 2023 4,033 633 2024 4,033 633 2025 3,501 549 2026 2,763 434 Thereafter 9,828 1,542 Total 28,270 4,436

Long Term Investment

Long Term Investment	12 Months Ended
	Dec. 31, 2021
Long-Term Investments [Abstract]
LONG TERM INVESTMENT	9. LONG TERM INVESTMENT Equity Cost method Total Cost method RMB RMB RMB US$ Balance as of January 1, 2021 - 5,000 5,000 785 Additions 75,000 54,725 129,725 20,356 Share of loss in equity method investee (2,998 ) - (2,998 ) (470 ) Disposal - (30,000 ) (30,000 ) (4,708 ) Impairment - - - - Balance as of December 31, 2021 72,002 29,725 101,727 15,963 (i) Investments of RMB 5,000 held by the Company as of December 31, 2020 comprised of 1.76% equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. In the past, the Company hold the equity interest in QS through a LP fund (“Zhengrui”). Through a restructure completed on December 25, 2020, the Company directly owns the equity interest in QS. On May 27, 2021, the Company invested RMB 10,000 for 4.44% equity interest in Qingdao Weilai JingChanye Investment Fund LP (“QD”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. On March 8, 2021, the Company invested RMB 8,000 for 13.79% equity interest in Jiada Hexin (Beijing) Technology Co., Ltd. (“Jiada”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. On December 8, 2021, the Company invested RMB 2,925 for 19.50% equity interest in Liujiaoshou Drink Co., Ltd., in which the Company does not have significant influence and such investment do not have readily determinable fair values. On December 8, 2021, the Company invested RMB 3,800 for 19.00% equity interest in Beijing Dunengmaihuo Culture Media Co., Ltd., in which the Company does not have significant influence and such investment do not have readily determinable fair values. On August 17, 2021, the Company invested RMB 30,000 in Tianjing Yieryi Technology Co., Ltd (“TJ YEY”) for its 12% equity interest on August 17, 2021. As part of the Framework Agreement signed on December 29, 2021 (Note 17), one of the shareholders of Yieryi bought such equity interest back from the Company for RMB 30,000. (ii) On October 9, 2021, the Company signed an investment agreement to invest up to RMB 150,000 into Qingdao Sixiang Zhuohong Private Equity LP (“Qingdao LP”), which further invests in broadcaster, IT, Big Data, Artificial Intelligence and logistic industry. The Qingdao LLP is managed by two unrelated general partners (GPs). The Company, as a Limited partner, neither participate in the daily operation of Qingdao LP, nor has the exclusive rights to control the partnership meeting and investment decisions. As a result, the Company considers it has significant influence on this investment based on its voting power. As of December 31, 2021, the Company invested RMB 75,000 into Qingdao LLP and the company had shares of loss of RMB 2,998 for the year ended December 31, 2021. As of December 31, 2021, the Company believes there was no material market environment change or any other factor that indicating the fair value of the above investments was less than its carrying value, hence, the Company concluded there is no impairment of the above investments.

Long Term Deposits and Other As

Long Term Deposits and Other Assets	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
LONG TERM DEPOSITS AND OTHER ASSETS	10. Long term deposits and other Assets Long term deposits and other assets consist of the following: As of December 31, 2020 2021 2021 RMB RMB USD Rent deposits 572 418 66 Advertising deposits 810 734 115 Long term deposits and other assets 1,382 1152 181

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES Enterprise income tax British Virgin Islands Under the current laws of the British Virgin Islands, the Company incorporated in the British Virgin Islands is not subject to tax on income or capital gain. Additionally, the British Virgin Islands does not impose a withholding tax on payments of dividends to shareholders. Cayman Islands Under the current laws of the Cayman Islands, the subsidiary of the Company incorporated in the Cayman Islands is not subject to tax on income or capital gain. Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders. Hong Kong Under the current Hong Kong Inland Revenue Ordinance, the subsidiary of the Company in Hong Kong is subject to 16.5% Hong Kong profit tax on its taxable income generated from operations in Hong Kong. Additionally, payments of dividends by the subsidiary incorporated in Hong Kong to the Company are not subject to any Hong Kong withholding tax. The PRC The Company’s subsidiaries and the VIE that are each incorporated in the PRC are subject to Corporate Income Tax (“CIT”) on the taxable income as reported in their respective statutory financial statements adjusted in accordance with the new PRC Enterprise Income Tax Laws (“PRC Income Tax Laws”) effective from January 1, 2008. Pursuant to the PRC Income Tax Laws, the Company’s PRC subsidiaries and the VIE are subject to a CIT statutory rate of 25%. Under the PRC Income Tax Laws, an enterprise which qualifies as a High and New Technology Enterprise (“the HNTE”) is entitled to a preferential tax rate of 15% provided it continues to meet HNTE qualification standards on an annual basis. SG qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2024. HX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. LH qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2016 to 2022. CX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of CX expired in July 2021. Under the PRC Income Tax Laws, during the period from January 1, 2010 to December 31, 2020, an enterprise which established in region of Holgus X and Kashgar Times is entitled to a preferential tax rate of 0% in five consecutive years since the first-year income generated from operations provided it continues to meet the conditions within the required scope. Holgus X qualifies for the conditions and entitled for tax-exempt from 2017 to 2021. Kashgar Times qualifies for the conditions and entitled for tax-exempt from 2016 to 2020. Holgus H qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. Kashgar Lehong qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. For the years ended December 31, 2019, 2020 and 2021, total tax saving for the preferential tax rate were RMB33,227, RMB 39,876 and RMB34,561 (US$5,423), respectively, the impacts on basic EPS were RMB1.7, RMB1.7 and RMB1.1 (US$0.2), respectively, and the impacts on dilutive EPS were RMB1.7, RMB1.5 and RMB1.1 (US$0.2), respectively. Uncertain tax positions The Company evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of December 31, 2020 and 2021, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest or penalty related to potential underpaid income tax expenses for the years ended December 31, 2019, 2020 and 2021, and also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2021. The income tax expenses comprise: For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Current income tax expense 6,814 5,459 5,285 829 Deferred income tax expense (benefit) (191 ) 1,945 319 50 Income tax expenses 6,623 7,404 5,604 879 A reconciliation of the differences between the statutory tax rate and the effective tax rate for EIT for the years ended December 31, 2019, 2020 and 2021 is as follows: For the years ended December 31, 2019 2020 2021 Income tax computed at PRC statutory tax rate 25.0 % 25.0 % 25.0 % Effect of tax-preferential entities (21.2 )% (22.2 )% (23.2 )% Non-deductible expenses 0.5 % 1.2 % 1.2 % Income tax expense 4.3 % 4.0 % 3.2 % The components of deferred taxes are as follows: As of December 31, 2020 2021 2021 RMB RMB USD Deferred tax assets: Allowance for doubtful accounts 633 171 27 Net operating losses carried forward 5,021 4,181 656 5,654 4,352 683 Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are recoverable, management believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax assets for the Company. Thus, there were no valuation allowances as of December 31, 2019, 2020 and 2021 for the deferred tax assets. The components of deferred liabilities are as follows: As of December 31, 2020 2021 2021 RMB RMB USD Deferred tax liabilities Intangible assets acquired through acquisition 59,729 58,746 9,219 59,729 58,746 9,219

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	12. RELATED PARTY BALANCES AND TRANSACTIONS In addition to the information disclosed elsewhere in the financial statements, the principal related parties with which the Company had transactions during the years presented are as follows: Name of Related Parties Relationship with the Company Mr. He Xiaowu Chief Executive Officer and Chairman of the Board Sixiang Times (Beijing) Technology Co., Ltd. Where the Company’s executive is one of the major shareholders Beijing Junwei Technology Co., Ltd. Controlling shareholder of SG and HX Beijing WanPu Century Technology Co Ltd Subsidiary company of Beijing NQ Mobile Inc., which was holding company of Sixiang Times (Beijing) Technology Co., Ltd Lavacano Holdings Limited Where Mr. He Xiaowu acted as director ENMOLI INC Where Mr. He Xiaowu acted as director Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) Controlled by a direct relative of CEO For the years ended December 31, 2019, 2020 and 2021, significant related party transactions were as follows: For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Beijing WanPu Century Technology Co Ltd Market promotion expenses 16 - - - Sixiang Times (Beijing) Technology Co., Ltd. Rental and service fees 986 2,106 531 83 ENMOLI INC Interest expense - - 480 75 Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) Interest income - - 462 72 As of December 31, 2020 and 2021, the amounts due from related parties are as follows: 2020 2021 2021 RMB RMB USD Amount due from related parties Lavacano Holdings Limited 7 7 1 Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) . (1) 1,052 165 Total 7 1,059 166 1) The balance represented loan receivable balance from Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership). The loan was interest free and due on December 31, 2022.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	13. SHAREHOLDERS’ EQUITY Ordinary Shares The Company is authorized to issue an unlimited number of no par value Class A ordinary shares and 2,925,058 Class B ordinary shares. As of December 31, 2019, there was 2,461,983 Class A ordinary shares remain issued and outstanding. After redemption of 212,633 Class A ordinary shares prior to the SPAC transaction on May 7, 2020, the number of outstanding Class A ordinary shares became 2,249,350. In connection with the SPAC Transaction, the Company issued approximately 19.4 million Class A ordinary shares including 3 million shares as part of earn-out consideration that was issued to the previous owners of Scienjoy Inc. At the closing of the SPAC Transaction, a convertible promissory note of RMB4,038 (US$619) with the related rights previously issued to the shareholder’s of Scienjoy, Inc. was automatically converted into 63,250 Class A ordinary shares. At the closing of the SPAC Transaction, the Company issued 402,983 Class A ordinary shares to settle deferred underwriting commission of RMB14,131 (US$ 2,166) in connection of the Company’s initial public offering on February 8, 2019. The effective conversion price was US$ 5.0 per Class A ordinary shares based on the volume weighted average price of the Company’s Class A ordinary shares prior to the SPAC Transaction, as a result, the fair value of Class A ordinary shares issued approximated the carrying value of deferred underwriting commission payable settled. Prior to the SPAC Transaction, the Company issued certain Public Rights and Private Rights in connection with its previous initial public offering and private placement. All these outstanding public rights and private rights were converted into 602,000 Class A ordinary shares upon the completion of the SPAC Transaction. Prior to the closing of the SPAC Transaction, the Company issued 533,000 Class A ordinary shares to the financial advisors and underwriter with fair value of RMB18,713 (US$ 2,868) based on share price of U$5.0 per ordinary share at the time of the transaction. In connection of the acquisition of BeeLive, the Company issued 3,786,719 Class A ordinary shares to the original shareholders of BeeLive as 70% of total RMB250 million (or equivalent to RMB175 million) worth share consideration (Note 4), which was calculated based on US$ 6.68 per share based on the 15 days average closing price of the Company’s Class A ordinary shares prior to the acquisition. The fair value of the shares issued approximated RMB175 million (US$ 26.8 million) as part of the purchase consideration. For the year ended December 31, 2021 the Company issued 108,230 Class A ordinary shares to White Lion Capital LLC. The gross proceeds were RMB664,670. On November 8, 2021, the Company’s 2021 annual general meeting of shareholders (the “AGM”) approved the following shareholders’ resolutions: (i) the adoption of a dual-class share structure, pursuant to which the Company’s authorized share capital shall be re-classified and re-designed into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one (1) vote and each Class B ordinary share being entitled to ten (10) votes at a meeting of the shareholders or on any resolution of shareholders; and (ii) the authorization to the Company to issue up to 50,000,000 Class A Preferred Shares with such designations, powers, preferences and relative, participation, optional and other rights, if any, and such qualifications, limitations and restrictions as the directors may determine among other matters. Additionally, together with the adoption of a dual-class share structure, 2,625,058 Class A ordinary shares held by Heshine Holdings Limited have been converted into 2,626,058 Class B ordinary shares. As of December 31, 2021, the Company had 28,219,583 Class A ordinary shares and 2,625,058 Class B ordinary shares issued and outstanding. Warrants As of December 31, 2020, there were 6,020,000 warrants outstanding and exercisable, consisting of 5,750,000 public warrants issued in connection with the Company’s initial public offering and 270,000 private warrants issued for a private placement simultaneously with the closing of the initial public offering. Two warrants are exercisable for one Class A ordinary shares. All these warrants were issued and outstanding before the SPAC Transaction and 96,300 warrants have been exercised for the year ended December 31, 2021. The Public Warrants became exercisable upon the completion of the SPAC Transaction on May 7, 2020 with exercise price of US$11.5 per full share. The Public Warrants will expire five years from February 5, 2019 (or February 5, 2024). The Company may call the warrants for redemption (excluding the Private Warrants), in whole and not in part, at a price of $0.01 per warrant: ● at any time while the Public Warrants are exercisable, ● upon not less than 30 days’ prior written notice of redemption to each Public Warrant holder, ● if, and only if, the reported last sale price of the Class A ordinary shares equals or exceeds $16.50 per share, for any 20 trading days within a 30-trading day period ending on the third trading day prior to the notice of redemption to Public Warrant holders, and ● if, and only if, there is a current registration statement in effect with respect to the issuance of the Class A ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis”. The exercise price and number of Class A ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. The Public Warrants may only be exercised for a whole number of shares, meaning that the Public Warrants must be exercised in multiples of two. However, the warrants will not be adjusted for issuances of Class A ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. The private warrants are identical to the public warrants with the exercise price of US$ 11.5 per full share and expiration by February 4, 2024, except that the private warrants and the Class A ordinary shares issuable upon the exercise of the private warrants will not be transferable, assignable or salable until after the completion of the SPAC Transaction, subject to certain limited exceptions. The private warrants may only be exercised for a whole number of shares, meaning that the private warrants must be exercised in multiples of two. Additionally, the private warrants will be exercisable on a cashless basis and will be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the private warrants are held by someone other than the initial purchasers or their permitted transferees, the private warrants will be redeemable by the Company and exercisable by such holders on the same basis as the public warrants. A summary of warrants activity for the year ended December 31, 2021 is as follows: Number of Weighted Expiration Public warrants assumed from Wealthbridge’s initial Public Offering on February 5, 2019 5,750,000 Private warrants assumed from Wealthbridge’s private placement on February 5, 2019 270,000 Balance of warrants outstanding as of December 31, 2020 6,020,000 3.1 years February 4, 2024 Additional warrants upon exercise of UPO 100,000 Exercised (96,300) Balance of warrants outstanding as of December 31, 2021 6,023,700 Balance of warrants exercisable as of December 31, 2021 6,023,700 2.1 years February 4, 2024 As of December 31, 2021, the Company had warrants exercisable for 3,011,850 Class A ordinary shares with weighted average life of 2.1 years and expired on February 4, 2024. Unit Purchase Option On February 8, 2019, the Company sold to Chardan, for $100, an option to purchase up to 375,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $4,312,500) exercisable on the completion of the SPAC Transaction on May 7, 2020. On February 20, 2019, in connection with the underwriters’ election to exercise the over-allotment option in full, the Company issued Chardan an option to purchase up to an additional 56,250 Units exercisable at $11.50 per Unit for no additional consideration. Each Unit consists of one ordinary share, one redeemable warrant and one right (together “UPO”). The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires February 5, 2024. For the year ended December 31, 2021, 100,000 UPO have been exercised for 110,000 shares. As of December 31, 2021, the Company had UPO units exercisable for 530,000 Class A ordinary shares with weighted average life of 2.1 years and expiring on February 5, 2024. Liability Classified Warrants All of the Company’s outstanding warrants contain a contingent cash payment feature and therefore were accounted for as a liability and are adjusted to fair value at each balance sheet date. The change in fair value of the warrant liability is recorded as change in fair value of warrant liabilities in the consolidated statements of operations and comprehensive loss (Note 2). The Company accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Initial Public Offering resulting in a charge directly to shareholders’ equity. The Company estimated the fair value of the unit purchase option is approximately $1,286,000, or $2.98 per Unit, using the Black-Scholes option-pricing model. The fair value of the unit purchase option granted to the underwriters was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 2.44% and (3) expected life of five years. The option and such units purchased pursuant to the option, as well as the Class A ordinary shares underlying such units, the rights included in such units, the Class A ordinary shares that are issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)(1) of FINRA’s NASDAQ Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of Class A ordinary shares at a price below its exercise price. Dividend Prior to the SPAC Transaction, Scienjoy Inc. declared a dividend of approximately RMB 333,090 by July 2018, of which approximately RMB228,500 (US$33,200) was paid in 2018 and approximately RMB104,590 (US$15,023) was subsequently paid in 2019, respectively. Capital distribution During the year ended December 31, 2019, 2020 and 2021, the Company distributed RMB32,328, nil nil Shares to be issued As of December 31, 2020, the earn-out liability related to SPAC Earn-out Target 2020 and Beelive Earn-out Target 2020 were met. As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company. On March 25, 2021, the Company issued 3,540,960 Class A ordinary shares for this achievement of earnout target. As of December 31, 2021, the earn-out liability related to SPAC Earn-out Target 2021 and Beelive Earn-out Target 2021 were met. As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB128,119 as shares to be issued in the equity of the Company. 2021 Equity Incentive Plan On August 3, 2021, the Employee Share Option Committee (the “ESOP Committee”) of the Company approved a resolution which appointed the Chief Executive Officer and Chief Financial Officer as Authorized Officer of ESOP Committee. The ESOP Committee approved the granting of 2,048,690 Restricted Share Units (“RSU”) under the 2021 Equity Incentive Plan. As of December 31, 2021, 2,053,783RSUs were issued.

Statutory Reserves And Restrict

Statutory Reserves And Restricted Net Assets	12 Months Ended
	Dec. 31, 2021
Restrictions for Consolidated and Unconsolidated Subsidiaries [Abstract]
STATUTORY RESERVES AND RESTRICTED NET ASSETS	14. STATUTORY RESERVES AND RESTRICTED NET ASSETS The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s subsidiaries. In accordance with the PRC Regulations on Enterprises with Foreign Investment and the articles of association of the Company’s PRC subsidiaries, a foreign-invested enterprise established in the PRC is required to provide certain statutory reserves, namely general reserve fund, the enterprise expansion fund and staff welfare and bonus fund which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A foreign-invested enterprise is required to allocate at least 10% of its annual after-tax profit to the general reserve until such reserve has reached 50% of its respective registered capital based on the enterprise’s PRC statutory accounts. Appropriations to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the board of directors for all foreign-invested enterprises. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. WXBJ was established as a foreign-invested enterprise and, therefore, is subject to the above mandated restrictions on distributable profits. As of December 31, 2020 and 2021, the Company had appointed RMB18,352 and RMB31,775 (US$ 4,986), respectively in its statutory reserves. Foreign exchange and other regulations in the PRC may further restrict the Company’s VIE from transferring funds to the Company in the form of dividends, loans and advances. Amounts restricted include paid-in capital, additional paid-in capital and statutory reserves of the Company’s PRC Subsidiaries and the equity of VIE, as determined pursuant to PRC generally accepted accounting principles. As of December 31, 2020 and 2021, restricted net assets of the Company’s PRC subsidiaries and VIE were RMB196,090 and RMB 240,092 (US$ 37,676).

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	15. COMMITMENTS AND CONTINGENCIES (a) Operating Leases Commitments The Company leases facilities in the PRC under non-cancelable operating leases expiring on different dates. Total rental expense under all operating leases was RMB1,855, RMB 5,221 and RMB5,424 (US$ 851) for the years ended December 31, 2019, 2020 and 2021, respectively. As of December 31, 2021, the Company had future minimum lease payments under non-cancelable operating leases with initial terms of one-year or more in relation to office premises consist of the following: RMB USD Twelve months ending December 31, 2022 4,815 756 2023 4,395 690 2024 4,374 686 2025 365 57 Total 13,949 2,189 (b) Capital and Other Commitments The Company did not have significant capital and other commitments as of December 31, 2020 and 2021. (c) Contingencies From time to time, the Company is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements.

Condensed Financial Information

Condensed Financial Information of The Parent Company	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY	16. C ONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY The Company performed a test on the restricted net assets of consolidated subsidiary in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial statements for the parent company. The subsidiary did not pay any dividend to the Company for the years presented. For the purpose of presenting parent only financial information, the Company records its investment in its subsidiary under the equity method of accounting. Such investment is presented on the separate condensed balance sheets of the Company as “Investment in subsidiary” and the income of the subsidiary is presented as “share of income of subsidiary”. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The Company did not have other commitments or guarantees as of December 31, 2020 and 2021. PARENT COMPANY BALANCE SHEETS As of December 31, 2020 2021 2021 RMB RMB USD ASSETS Current assets Cash and cash equivalents 183 373 59 Prepaid expenses and other current assets 392 1,317 207 Amounts due from subsidiaries 236,403 25,995 4,079 Total current assets 236,978 27,685 4,345 Non-current assets Investments in subsidiaries and consolidated VIE 359,394 805,136 126,343 TOTAL ASSETS 596,372 832,821 130,688 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Accrued expenses and other current liabilities - 2,414 379 Warrant liabilities 29,558 10,324 1,620 Current portion of contingent consideration – earn-out liability 92,183 10,638 1,669 Total current liabilities 121,741 23,376 3,668 Non-current liabilities Contingent consideration – earn-out liability 15,116 - - Total liabilities 136,857 23,376 3,668 Shareholders’ equity Ordinary share, no par value, unlimited Class A ordinary shares and 2,925,058 Class B ordinary shares authorized, 27,037,302 Class A ordinary shares and Nil Class B ordinary shares issued and outstanding as of December 31, 2020; 28,219,583 Class A ordinary shares and 2,625,058 Class B ordinary shares issued and outstanding as of December 31, 2021, respectively Class A ordinary shares (96,349 ) 140,196 22,000 Class B ordinary shares 13,041 2,046 Shares to be issued 200,100 128,119 20,105 Statutory reserves 18,352 31,775 4,986 Retained earnings 322,610 479,199 75,197 Accumulated other comprehensive income 14,802 17,115 2,686 Total shareholder’s equity 459,515 809,445 127,020 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 596,372 832,821 130,688 PARENT COMPANY STATEMENT OF INCOME For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Equity income of subsidiaries 149,918 184,869 267,436 41,967 General administrative expense and others - 1,395 33,473 5,252 Research and development expenses - - 13,946 2,188 Change in fair value of warrant liabilities - 3,904 16,421 2,577 Change in fair value of contingent consideration - (14,068 ) 33,584 5,270 Net income 149,918 176,100 170,012 26,680 Other comprehensive income - foreign currency translation adjustment - 14,802 2,313 363 Comprehensive income attributable to the Company’s shareholders 149,918 190,902 172,325 27,043 PARENT COMPANY STATEMENT OF CASH FLOWS For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Cash flows from operating activities Net income 149,918 176,100 170,012 26,680 Equity in earning of subsidiaries (149,918 ) (184,869 ) (267,436 ) (41,967 ) Change in fair value of warrant liabilities - (3,904 ) 16,421 2,577 Change in fair value of contingent consideration - 14,068 33,584 5,270 Share Based Compensation - - 31,857 4,999 Changes in operating assets and liabilities Prepaid expense and other current assets - (392 ) (925 ) (145 ) Accrued expenses and other current liabilities - - 2,414 379 Net cash provided by operating activities - 1,003 (14,073 ) (2,207 ) Cash flows from investing activities Proceeds from subsidiaries 136,953 - - - Net cash provided by investing activities 136,953 - - - Cash flows from financing activities Dividends distribution to shareholders (104,590 ) - - - Capital distribution due to reorganization (32,328 ) - - - Due to related parties - (26,590 ) 14,263 2,237 Net cash acquired in the reverse recapitalization - 32,659 - - Payment of listing costs - (6,924 ) - - Net cash used in financing activities (136,918 ) (855 ) 14,263 2,237 Net increase in cash and cash equivalents 35 148 190 30 Cash and cash equivalents at beginning of the year - 35 183 29 Cash and cash equivalents at end of the year 35 183 373 59

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS On December 29, 2021, the Company entered into an Equity Acquisition Framework Agreement (the “Framework Agreement”) with Golden Shield Enterprises Limited (“Golden Shield”), Beijing Weiliantong Technology Co., Ltd. (“Weiliantong”), Tianjin Yieryi Technology Co., Ltd. (“Yieryi”), Wolter Global Investment Limited (“Wolter Global”) and Qingdao Weilaijin Industry Investment Fund Partnership (Limited Partnership) (“Weilaijin”), which is one of the shareholders of Yieryi. Pursuant to the Framework Agreement, the Company, or its affiliates designated by the Company, will acquire all of the outstanding equity interests of (i) Weiliantong from Yieryi and (ii) Golden Shield from Wolter Global (the “Acquisitions”). Yieryi and Wolter Global are under common control. The transaction contemplated under the Framework Agreement was closed on January 1, 2022 (the “Closing”), after signing of the Equity Interest Transfer Agreement and the Share Transfer Agreement described below. The Company acquired 100% of the issued and outstanding securities of Weiliantong and Golden Shield for an aggregate consideration of RMB280 million (approximately US$43.8 million), including RMB100 million (approximately US$15.6 million) in cash and RMB180 million (approximately US$28.2 million) in the Company’s Class A ordinary shares. The cash consideration includes RMB13.8 million (approximately US$2.2 million) cash to Yieryi and repayment of (i) the outstanding loans of Yieryi in an aggregate amount of RMB77.4 million (approximately US$12.1 million) and (ii) a third-party loan incurred by Weiliantong in an amount of RMB8.8 million (approximately US$1.4 million). The shares consideration consists of RMB20.8 million (approximately US$3.3 million) in the Company’s Class A ordinary shares to be issued to Weilaijin, a shareholder of Yieryi, and RMB159.2 million (approximately US$24.9 million) in the Company’s Class A ordinary shares to be issued to Wolter Global. As part of the transaction, at the Closing, Zhihui Qiyuan (Beijing) Science and Technology Co., Ltd. (“QY”), a VIE of the Company, entered into an Equity Interest Transfer Agreement with Yieryi, pursuant to which Yieryi will transfer all of the equity interest held by it in Weiliantong to QY. Additionally as part of the transaction, at the Closing, Scienjoy Inc., a wholly owned subsidiary of the Company, entered into a Share Transfer Agreement with Wolter Global, pursuant to which Scienjoy Inc. will acquire all of the issued and outstanding equity interest of Golden Shield from Wolter Global. As part of the transaction, on December 29, 2021, one of the shareholders of Yieryi, entered into an Equity Interest Purchase and Sale Agreement with Zhihui Qiyuan (Hainan) Investment Co., Ltd. (“QYHN”), VIE of the Company, pursuant to which such shareholder shall pay RMB30 million (approximately US$4.7 million) to purchase the 12% equity interest of Yieryi from QYHN. In January 2022, the Company set up a new subsidiary, Sixiang Zhihui (Zhejiang) Culture Technology Co., Ltd. for general corporate purpose. In January 2022, SG consummated the acquisition of the 100% equity interest in Chuangda Zhihui (Beijing) Technology Co., Ltd. (“CDZH”) and its wholly owned subsidiary, Beijing Huayi Dongchen Technology Co., Ltd. (“HYDC”) from its original shareholders for a cash consideration of RMB100,000 (US$15,692). We believe the acquisition of CDZH and HYDC will help to enrich our product line, expand our user base and capitalize on the growth potential in the live streaming market.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of presentation and principles of consolidation	(a) Basis of presentation and principles of consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”). The consolidated financial statements include the financial statements of the Company and its subsidiaries, and its VIE and VIE’s subsidiaries over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE are eliminated upon consolidation.
Business combinations	(b) Business combinations The Company accounts for all business combinations under the purchase method of accounting in accordance with ASC 805, Business Combinations (“ASC 805”). The purchase method of accounting requires that the consideration transferred to be allocated to net assets including separately identifiable assets and liabilities the Company acquired, based on their estimated fair value. The consideration transferred in an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total of the cost of the acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the identifiable net assets of the acquiree, the difference is recognized directly in earnings. The determination and allocation of fair values to the identifiable net assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable judgment from management. Although the Company believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from forecasted amounts and the differences could be material.
Use of estimates	(c) Use of estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Areas where management uses subjective judgment include, but are not limited to revenue recognition, estimating the useful lives of long-lived assets and intangible assets, valuation assumptions in performing asset impairment tests of long-lived assets, fair value of warrant liabilities and contingent liability, allowance for doubtful accounts, and valuation of deferred taxes and deferred tax assets. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.
Foreign currency	(d) Foreign currency The functional currency of the Company is in US dollars and the functional currency of the Company’s subsidiaries and VIEs are Renminbi (“RMB”), as determined based on the criteria of Accounting Standards Codification (“ASC”) 830 (“ASC 830”) “Foreign Currency Matters”. The reporting currency of the Company is also the RMB. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange in place at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into the functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statement of operations. Assets and liabilities of the Company translated from their respective functional currencies to the reporting currency at the exchange rates at the balance sheet dates, equity accounts are translated at historical exchange rates and revenues and expenses are translated at the average exchange rates in effect during the reporting period. The resulting foreign currency translation adjustment are recorded in other comprehensive income (loss).
Convenience translation	(e) Convenience translation Translations of balances in the consolidated balance sheets, consolidated statements of income and consolidated statements of cash flows from RMB into USD (or “US$”) as of and for the year ended December 31, 2021 are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB 6.3726, representing the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York on the last trading day of December 31, 2021. No representation is made that the RMB amounts represent or could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate.
Accounts receivable and allowance for doubtful accounts	(f) Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the historical carrying amount net of allowance for doubtful accounts. Accounts are considered overdue after 180 days. The Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for doubtful accounts taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the debtors as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances for each account may require the Company to use substantial judgment in assessing its collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable.
Property and equipment	(g) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation using the straight-line method over their estimated useful lives, once the asset is placed in service. The estimated useful lives are as follows: Computer and transmission equipment 3 years Furniture, fixtures and office equipment 5 years Repair and maintenance costs are charged to expense when incurred, whereas the cost of betterments that extend the useful life of property and equipment are capitalized as additions to the related assets. Retirement, sale and disposals of assets are recorded by removing the cost and related accumulated depreciation with any resulting gain or loss reflected in the consolidated statements of income. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.
Intangible assets	(i) Intangible assets Intangible assets are carried at cost less accumulated amortization and any impairment. License for Beelive platform is determined to have an infinite useful life and is not subject to amortization and tested for impairment at least annually. Intangible assets with a finite useful life are amortized using the straight-line method over the estimated economic life of the intangible assets as follows: Trademark 10 years Patent 10 years Copyright 10 years Software 3 to 10 years Licenses acquired 3 years to infinite life
Impairment of long-lived assets	(j) Impairment of long-lived assets The Company evaluates its long-lived assets or asset group, including property and equipment and intangible assets including license that has an infinite useful life, for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates for impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Fair value is generally determined by discounting the cash flows expected to be generated by the assets, when the market prices are not readily available for the long-lived assets. No impairment of long-lived assets was recognized for the years ended December 31 2019, 2020 and 2021.
Goodwill	(k) Goodwill Goodwill represents the excess of cost over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Goodwill is not subject to amortization but is monitored annually for impairment or more frequently if there are indicators of impairment. Management considers the following potential indicators of impairment: significant underperformance relative to historical or projected future operating results, significant changes in the Company’s use of acquired assets or the strategy of the Company’s overall business, significant negative industry or economic trends and a significant decline in the Company’s stock price for a sustained period. The Company performs its impairment test on annual basis. Currently, the Company’s goodwill is evaluated at the entity level as it has been determined there is one operating segment comprised of one reporting unit. When assessing goodwill for impairment the Company first performs a qualitative assessment to determine whether it is necessary to perform a quantitative analysis. If the Company determines it is unlikely that the reporting unit fair value is less than its carrying value then no quantitative assessment is performed. If the Company cannot determine that it is likely that the reporting unit fair value is more than its carrying value, then the Company performs a quantitative assessment. Based on the qualitative assessment performed for the year ended December 31, 2021, the Company determined it was unlikely that it’s reporting unit fair value was less than its carrying value and no quantitative assessment was required.
Long term investment	(l) Long term investment ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The main provisions require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value through earnings, unless they qualify for a measurement alternative. The Company adopted the new financial instruments accounting standard from January 1, 2020. Equity Investments with Readily Determinable Fair Values Equity investments with readily determinable fair values are measured and recorded at fair value using the market approach based on the quoted prices in active markets at the reporting date. Equity investments without readily determinable fair values After the adoption of this new accounting standard, the Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment, adjusted for subsequent observable price changes on a nonrecurring basis, and report changes in the carrying value of the equity investment in current earnings. Changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. Reasonable efforts shall be made to identify price changes that are known or that can reasonably be known. Equity investments accounted for using the equity method The Company accounts for its equity investment over which it has significant influence but does not own a majority equity interest or otherwise control, using the equity method. The Company adjusts the carrying amount of the investment and recognizes investment income or loss for its share of the earnings or loss of the investee after the date of investment. The Company assesses its equity investment for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the entity, including current earnings trends and undiscounted cash flows, and other entity-specific information. The fair value determination, particularly for investments in a privately held entity, requires judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investment and determination of whether any identified impairment is other-than-temporary.
Fair value of financial instruments	(m) Fair value of financial instruments ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived from or corroborated by observable market data. ● Level 3 — inputs to the valuation methodology are unobservable. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, accounts receivable, other receivables included in prepaid expenses and other current assets, accounts payables, balances with related parties and other current liabilities, approximate their fair values because of the short-term maturity of these instruments. Contingent consideration – earn-out liability (i) Earn-out liability from SPAC transaction In connection with SPAC transaction, the previous shareholders of Scienjoy Inc. may be entitled to receive earnout shares as follows: (1) if Scienjoy Inc.’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, the previous owners of Scienjoy Inc will be entitled to receive 3,000,000 Class A ordinary shares of the Company (“SPAC Earn-out Target 2020”); and (2) if Scienjoy Inc.’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, the previous owners of Scienjoy Inc. will be entitled to receive 3,000,000 Class A ordinary shares of the Company. Notwithstanding the net income before tax achieved by the post-transaction company for any period, the previous owners of Scienjoy Inc. will receive (i) 3,000,000 earn-out shares if the share price of the Company is higher than $20.00 for any sixty days in any period of ninety consecutive trading days between May 8, 2021 and May 7, 2022, and (ii) 3,000,000 earnout shares if the share price of the Company is higher than $25.00 for any sixty days in any period of ninety consecutive trading between May 8, 2022 and May 7, 2023. Upon the closing of the SPAC Transaction, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from May 8, 2020 to December 31, 2021 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, December 31, Risk-free interest rate 0.14 % 0.10 % 0.38 % Share price $ 8.92 $ 8.66 $ 5.68 Probability 20% - 50% 10 % 20%-50% (ii) Earn-out liability from BeeLive acquisition In connection with the acquisition of Beelive (Note 4), the previous shareholders of BeeLive may be entitled to receive earnout shares as follows: (i) if the BeeLive Company’s total annual revenue is no less than RMB 336.6 million in Year 2020,the previous shareholder will be entitled to received additional 540,960 Class A ordinary shares (“Beelive Earn-out Target 2020”); (ii) if the BeeLive Companies’ total annual revenue is no less than RMB 460.6 million in Year 2021, the previous shareholder will be entitled to received additional 540,960 Class A ordinary shares; and (iii) if the BeeLive Companies’ total annual revenue is no less than RMB 580.9 million in Year 2022, the previous shareholder will be entitled to received additional 540,960 Class A ordinary shares. If the total annual revenue of BeeLive Company in a particular performance year does not reach the target revenue as specified above, but is equal to or more than 80% of the target revenue, the previous shareholder will be entitled to a reduced number of the earn-out shares. Upon the closing of the BeeLive acquisition, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from the acquisition date to December 31, 2021 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: August 10, December 31, December 31, Risk-free interest rate 0.12 - 0.14 % 0.11% - 0.13 % 0.38 % Share price $ 6.2 $ 8.66 $ 5.68 Probability 20% - 50 % 20% - 50 % 20% - 50 % The aggregated contingent considerations for the earn-out liabilities were approximate RMB107.3 million as of December 31, 2020, including current portion of earn-out liability of RMB92.2 million and non-current portion of earn-out liability of RMB15.1 million. The aggregated contingent considerations for the earn-out liabilities were approximate RMB10.6 million as of December 31, 2021, including current portion of earn-out liability of RMB10.6 million. The Company measures contingent consideration – earn-out liability at fair value on a recurring basis as of the dates of acquisition and December 31, 2021. The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: As of December 31, 2021 Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ - ¥ - Earn-out liability from BeeLive acquisition - - 10,638 10,638 ¥ - ¥ - ¥ 10,638 ¥ 10,638 At the dates of the transactions Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 266,828 ¥ 266,828 Earn-out liability from BeeLive acquisition - - 39,755 39,755 Total ¥ - ¥ - ¥ 306,583 ¥ 306,583 As of December 31, 2021, the earn-out liability related to SPAC Earn-out Target 2021 and Beelive Earn-out Target 2021 were met. As a result, the Company classified the related portion of earn-out liability in aggregated of RMB128,119 as shares to be issued in the equity of the Company. As of December 31, 2021, there was 3,540,960 earn-out shares required to be issued and the Company included it in the calculation of earnings per share. The Company did not transfer any assets or liabilities in or out of Level 3 during the years ended December 31, 2020 and 2021. The following is a reconciliation of the beginning and ending balances for contingent consideration measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2020 and 2021: Balance Balance at January 1, 2020 ¥ - Contingent consideration resulting from SPAC Transaction 266,828 Contingent consideration resulting from BeeLive acquisition 39,755 Fair value change 14,068 Exchange difference (13,252 ) Reclassification to shares to be issued (200,100 ) Balance at December 31, 2020 ¥ 107,299 Fair value change 33,584 Exchange difference (2,126 ) Reclassification to shares to be issued (128,119 ) Balance at December 31, 2021 ¥ 10,638 Less: Contingent consideration – earn-out liability – non-current portion ¥ - Contingent consideration – earn-out liability –current portion ¥ 10,638 Warrant liabilities The Company’s warrants assumed from SPAC acquisition on May 7,2020, the date of the closing of SPAC Transaction, that have complex terms, such as a clause in which the warrant agreements contain a cash settlement provision whereby the holders could settle the warrants for cash upon a fundamental transaction that is considered outside of the control of management are considered to be a derivative as contemplated in ASC 815-40. The warrant is recorded as derivative liability on the consolidated balance sheet upon the SPAC transaction and is adjusted to its fair value at the end of each reporting period, with the change being recorded as other expense or gain in accordance with ASC 820. The warrant liabilities were measured and recorded on a recurring basis. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, December 31, Risk-free interest rate 0.23 % 0.18 % 0.75 % Share price $ 8.92 $ 8.66 $ 5.68 Volatility 37 % 38 % 53 % The following table sets forth the establishment of the Company’s Level 3 warrant liabilities, as well as a summary of the changes in the fair value:
Revenue recognition	(n) Revenue recognition On January 1, 2019, the Company adopted ASC 606, “Revenue from Contracts with Customers” using the modified retrospective method applied to those contracts which were not completed as of January 1, 2019. Results for reporting periods beginning after January 1, 2019 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 605. Based on the Company’s assessment, the adoption of ASC 606 did not result in any adjustment on the Company’s consolidated financial statements, and there were no material differences between the Company’s adoption of ASC 606 and its historic accounting under ASC 605. Revenues are recognized when control of the promised virtual items or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those virtual items or services. Revenue is recorded, net of sales related taxes and surcharges. Live streaming The Company is principally engaged in operating its own live streaming platforms, which enable broadcasters and viewers to interact with each other during live streaming. The Company is responsible for providing a technological infrastructure to enable the broadcasters, online users and viewers to interact through live streaming platforms. All the platforms can be accessed for free. The Company mainly derives the revenue from sales of virtual items in the platforms. The Company has a recharge system for users to purchase the Company’s virtual currency then purchase virtual items for use. Users can recharge via various online third-party payment platforms, including WeChat Pay, AliPay and other payment platforms. Virtual currency is non-refundable and often consumed soon after it is purchased. The Company designs, creates and offers various virtual items for sales to users with pre-determined stand-alone selling price. Virtual items are categorized as consumable and time-based items. Consumable items are consumed upon purchase and use while time-based items could be used for a fixed period of time. Users can purchase and present consumable items to broadcasters to show support for their favorite broadcasters, or purchase time-based virtual items for one or multiple months for a monthly fee, which provide users with recognized status, such as priority speaking rights or special symbols over a period of time. The Company shares a portion of the sales proceeds of virtual items (“revenue sharing fee”) with broadcasters and talent agencies in accordance with their revenue sharing arrangements. Broadcasters, who do not have revenue sharing arrangements with the Company, are not entitled to any revenue sharing fee. The Company also utilizes third-party payment collection channels, which charges the payment handling cost for users to purchase the virtual currency directly from it. The payment handling costs are recorded in cost of sales. The Company evaluates and determines that it is the principal and views users to be its customers, because the Company controls the virtual items before they are transferred to users. Its control is evidenced by the Company’s sole ability to monetize the virtual items before they are transferred to users, and is further supported by the Company being primarily responsible to the users for the delivery of the virtual items as well as having full discretion in establishing pricing for the virtual items. Accordingly, the Company reports live streaming revenues on a gross basis with the amounts billed to users recorded as revenues and revenue sharing fee paid to broadcasters and related agencies recorded as cost of revenues. Sales proceeds are initially recorded as deferred revenue and recognized as revenue based on the consumption of the virtual items. The Company has determined that each individual virtual item represents a distinct performance obligation. Accordingly, live streaming revenue is recognized immediately when the consumable virtual item is used, or in the case of time-based virtual items, revenue is recognized over the fixed period on a straight-line basis. The Company does not have further obligations to the user after the virtual items are consumed. The Company’s live streaming virtual items are generally sold without right of return and the Company does not provide any other credit and incentive to its users. Unconsumed virtual currency is recorded as deferred revenue. The Company also cooperates with independent third-party distributors to sell virtual currency through annual distribution agreements with these distributors. Third-party distributors purchase virtual currency from the Company with no refund provision according to the annual distribution agreements, and they are responsible for selling the virtual currency to end users. They may engage their own sales representatives, which are referred to as “sales agents” to directly sell to individual end users. The Company has no control over such “sales agents”. The Company has discretion to determine the price of the virtual currency sold to its third-party distributors, but has no discretion as to the price at which virtual currency is sold by its third-party distributors to the sales agents. Technical Services The Company generated technical revenues from providing technical development and advisory, which accounts for only approximately 1% or less of revenue for the years ended December 31, 2020 and 2021. As the amount was immaterial, and short-term in nature which is usually less than six months, the Company recognizes revenue when service were rendered and accepted by customers. Practical expedients and exemptions The Company’s contracts have an original duration of one year or less. Accordingly, the Company does not disclose the value of unsatisfied performance obligations. Revenue by types and platforms The following table sets forth types of our revenue for the periods indicated: For the years ended December 31, 2020 2021 2021 Amounts in thousands of RMB and USD RMB RMB USD Live streaming - consumable virtual items revenue 1,187,431 1,617,056 253,751 Live streaming - time based virtual item revenue 29,596 32,905 5,164 Technical services 5,156 19,397 3,044 Total revenue 1,222,183 1,669,358 261,959 As of December 31, 2021, we operated four brands of live streaming platforms, consisting of: Showself Live Streaming, Lehai Live Streaming, Haixiu Live Streaming and BeeLive Live Stream (including BeeLive Chinese version – Mifeng). The following table sets forth our revenue by platforms for the periods indicated: For the years ended December 31, 2020 2021 2021 Amounts in thousands of RMB and USD RMB RMB USD Showself 549,763 595,004 93,369 Lehai 180,112 242,910 38,118 Haixiu 321,468 326,661 51,260 Beelive 165,684 485,386 76,168 Technical services 5,156 19,397 3,044 TOTAL 1,222,183 1,669,358 261,959 Contract balances Contract balances include accounts receivable and deferred revenue. Accounts receivable primarily represent cash due from distributors and are recorded when the right to consideration is unconditional. The allowance for doubtful accounts reflects the best estimate of probable losses inherent to the account receivable balance. Deferred revenue primarily includes unconsumed virtual currency and unamortized revenue from time-based virtual items in the Company’s platforms, where there is still an obligation to be provided by the Company, which will be recognized as revenue when all of the revenue recognition criteria are met. Due to the generally short-term duration of the relevant contracts, all performance obligations are satisfied within one year.
Government subsidies	(o) Government subsidies Government subsidies are primarily referred to the amounts received from various levels of local governments from time to time which are granted for general corporate purposes and to support its ongoing operations in the region. The grants are determined at the discretion of the relevant government authority and there are no restrictions on their use. The government subsidies are recorded as other income in the period the cash is received.
Cost of revenues	(p) Cost of revenues Amounts recorded as cost of revenue relate to direct expenses incurred in order to generate revenue. Such costs are recorded as incurred. Cost of revenues consists primarily of (i) revenue sharing fees and content costs, including payments to various broadcasters, and content providers, (ii) bandwidth costs, (iii) salaries and welfare, (iv) depreciation and amortization expense for servers and other equipment, and intangibles directly related to operating the platform, (v) user acquisition costs (vi) payment handling costs, and (vii) other costs.
Research and development expenses	(q) Research and development expenses Research and development expenses primarily consist of (1) salaries and benefits expenses incurred for research and development personnel, and (2) rental, general expenses and depreciation expenses associated with the research and development activities. Expenditures incurred during the research phase are expensed as incurred and no research and development expenses were capitalized as of December 31, 2020 and 2021.
Sales and marketing expenses	(i) Sales and marketing expenses Sales and marketing expenses consist primarily of advertising and market promotion expenses. The advertising and market promotion expenses amounted to RMB3,350, RMB 9,588 and RMB 4,794 (US$ 752) for the years ended December 31, 2019, 2020 and 2021, respectively.
Employee benefits	(s) Employee benefits The full-time employees of the Company’s PRC subsidiaries are entitled to staff welfare benefits including medical care, housing fund, unemployment insurance and pension benefits, which are government mandated defined contribution plans. These entities are required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. The total amounts for such employee benefits were RMB6,951, RMB5,797 and RMB 14,370 (US$2,255) for the years ended December 31, 2019, 2020 and 2021, respectively.
Leases	(t) Leases Leases are classified at the inception date as either a capital lease or an operating lease. The Company did not enter into any leases whereby it is the lessor for any of the periods presented. As the lessee, a lease is a capital lease if any of the following conditions exists: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property’s estimated remaining economic life, or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A lease involving integral equipment is a capital lease only if condition (a) or (b) exists. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease.
Income taxes	(u) Income taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. The Company follows the liability method in accounting for income taxes in accordance to ASC topic 740 (“ASC 740”), Income Taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. A valuation allowance would be recorded against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The guidance on accounting for uncertainties in income taxes prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Guidance was also provided on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Significant judgment is required in evaluating the Company’s uncertain tax positions and determining its provision for income taxes. The Company recognizes interests and penalties, if any, under accrued expenses and other current liabilities on its balance sheet and under other expenses in its statement of comprehensive loss. The Company did not recognize any interest and penalties associated with uncertain tax positions as of December 31, 2020 and 2021. As of December 31, 2020 and 2021, the Company did not have any significant unrecognized uncertain tax positions.
Value added tax (“VAT”)	(v) Value added tax (“VAT”) Revenue represents the invoiced value of service, net of VAT. The VAT is based on gross sales price and VAT rates range up to 13%, depending on the type of service provided. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in tax payable. All of the VAT returns filed by the Company’s subsidiaries in China, have been and remain subject to examination by the tax authorities for five years from the date of filing.
Statutory reserves	(w) Statutory reserves The Company’s PRC entities are required to make appropriations to certain non-distributable reserve funds. In accordance with the laws applicable to China’s Foreign Investment Enterprises, the Company’s subsidiaries registered as WFOEs have to make appropriations from its after-tax profit (as determined under the Accounting Standards for Business Enterprises as promulgated by the Ministry of Finance of the People’s Republic of China (“PRC GAAP”) to reserve funds including general reserve fund and staff bonus and welfare fund. The appropriation to the general reserve fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the reserve fund has reached 50% of the registered capital of the Company. Appropriation to the staff bonus and welfare fund is at the Company’s discretion. In addition, in accordance with the Company Laws of the PRC, the Company’s entities registered as PRC domestic companies must take appropriations from its after-tax profit as determined under the PRC GAAP to non-distributable reserve funds including a statutory surplus fund and a discretionary surplus fund. The appropriation to the statutory surplus fund must be at least 10% of after-tax profits as determined under the PRC GAAP. Appropriation is not required if the surplus fund has reached 50% of the registered capital of the Company. Appropriation to the discretionary surplus fund is made at the discretion of the Company. The use of the general reserve fund, statutory surplus fund and discretionary surplus fund are restricted to the off-setting of losses or increasing capital of the respective company. The staff bonus and welfare fund is liability in nature and is restricted to fund payments of special bonus to staff and for the collective welfare of employees. All these reserves are not allowed to be transferred to the Company in terms of cash dividends, loans or advances, nor can they be distributed except under liquidation.
Earnings per share	(x) Earnings per share The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Contingently issuable shares were not included in the computation of diluted shares outstanding if they were not issuable should the end of the reporting period have been the end of the contingency period. For the years ended December 31, 2019, the dilutive shares included 602,000 issuable shares from public and private placement rights, which was fully issued for the year ended December 31, 2020. For the years ended December 31, 2020, there was 3,540,960 contractual issuable shares related to SPAC and Beelive Earn-out Target 2020 achieved as of December 31, 2020, which was fully issued for the year ended December 31, 2020. For the years ended December 31, 2021, there was 3,540,960 contractual issuable shares related to SPAC and Beelive Earn-out Target 2021 achieved as of December 31, 2021.
Segment reporting	(y) Segment reporting The Company follows ASC 280, “ Segment Reporting.”
Recent accounting pronouncements	(z) Recent accounting pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This update will require the recognition of a right-of-use asset and a corresponding lease liability, initially measured at the present value of the lease payments, for all leases with terms longer than 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the statement of comprehensive income and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the statement of cash flows. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018 and requires a modified retrospective approach to adoption. Early adoption is permitted. In September 2017, the FASB issued ASU No. 2017-13, which to clarify effective dates that public business entities and other entities were required to adopt ASC Topic 842 for annual reporting. A public business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’s filing with the SEC adopting ASC Topic 842 for annual reporting periods beginning after December 15, 2019, and interim reporting periods within annual reporting periods beginning after December 15, 2020. ASU No. 2017-13 also amended that all components of a leveraged lease be recalculated from inception of the lease based on the revised after-tax cash flows arising from the change in the tax law, including revised tax rates. The difference between the amounts originally recorded and the recalculated amounts must be included in income of the year in which the tax law is enacted. In November 2019, the FASB issued ASU No. 2019-10, by which to defer the effective date for all other entities by an additional year. As an emerging growth company, the Company has not early adopted this update and it will become effective on January 1, 2021. In June 2020, the FASB issued ASU No. 2020-05, “Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) Effective Dates for Certain Entities” (“ASU 2020-05”) in response to the ongoing impacts to businesses in response to the coronavirus (COVID-19) pandemic. ASU 2020-05 provides a limited deferral of the effective dates for implementing previously issued ASU 606 and ASU 842 to give some relief to businesses and the difficulties they are facing during the pandemic. ASU 2020-05 affects entities in the “all other” category and public Not-For-Profit entities that have not gone into effect yet regarding ASU 2016-02, Leases (Topic 842). Entities in the “all other” category may defer to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on its consolidated financial statements and related disclosures. As of December 31, 2021, the Company has RMB 13,949 (US$2,189) of future minimum operating lease commitments that are not currently recognized on its consolidated balance sheets. Therefore, the Company would expect changes to its consolidated balance sheets for the recognition of these and any additional leases entered into in the future upon adoption. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which requires the Company to measure and recognize expected credit losses for financial assets held and not accounted for at fair value through net income. In November 2018, April 2019 and May 2019, the FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments — Credit Losses,” “ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments — Credit Losses,” “Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” and “ASU No. 2019-05, Financial Instruments — Credit Losses (Topic 326): Targeted Transition Relief,” which provided additional implementation guidance on the previously issued ASU. The ASU is effective for fiscal years beginning January 1, 2020. The ASU requires a modified retrospective adoption method. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-17 (“ASU 2018-17”), Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities. The updated guidance requires entities to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety when determining whether a decision-making fee is a variable interest. The amendments in this update are effective for non-public business entities for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021, with early adoption permitted. These amendments should be applied retrospectively with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, to simplify the accounting for income taxes. The new guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. This ASU will became effective for the Company’s annual and interim periods beginning in January 1, 2021, and early adoption is permitted. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) (“ASU 2020-01”), which is intended to clarify the interaction of the accounting for equity securities under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. ASU 2020-01 is effective for the Company beginning January 1, 2021. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) (“ASU 2020-06”). ASU 2020-06 simplifies the guidance for certain financial instruments with characteristics of both debt and equity, including convertible instruments and contracts on an entity’s own equity, by reducing the number of accounting models for convertible instruments. It also amends guidance in ASC Topic 260, Earnings Per Share, relating to the computation of earnings per share for convertible instruments and contracts on an entity’s own equity. ASU 2020-06 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2021, with early adoption permitted for fiscal years that begin after December 15, 2020. The Company is in the process of assessing the impact the adoption of ASU 2020-06 will have on the financial statements. In October 2021, the FASB issued ASU No. 2021-08, "'Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers" (" -08"). This ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. The amendments are effective for the Company beginning after December 15, 2023, and are applied prospectively to business combinations that occur after the effective date. The Company does not expect the adoption of ASU 2021-04 will have a material effect on the consolidated financial statements. Except for the above-mentioned pronouncements, there are no new recent issued accounting standards that will have a material impact on the consolidated financial position, statements of operations and cash flows.

Organization and Principal Ac_2

Organization and Principal Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of subsidiaries	Subsidiaries Date of Place of Percentage of Principal Scienjoy Inc. March 2, 2017 Cayman Islands 100% Holding Company Scienjoy International Limited (“Scienjoy HK”) May 18, 2017 Hong Kong 100% Holding Company Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WXBJ”) October 17, 2017 The PRC 100% Holding Company Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) July 5, 2018 The PRC 100% Holding Company Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”) May 9, 2017 The PRC 100% Live streaming platform Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”) March 2, 2016 The PRC 100% Live streaming platform Scienjoy BeeLive Limited (formerly known as Sciscape International Limited, “SIL”) December 18, 2017 Hong Kong 100% Live streaming platform Kashgar Sixiang Lehong Information Technology Co., Ltd (“Kashgar Lehong”) July 23, 2020 The PRC 100% Information technology Holgus Sixiang Haohan Internet Technology Co., Ltd.(“Holgus H”) (a wholly owned subsidiary of ZH) December 11, 2020 The PRC 100% Information technology Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) (a wholly owned subsidiary of ZH) December 23, 2020 The PRC 100% Live streaming platform VIEs Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) January 22, 2019 The PRC 100% Holding Company Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”) October 28, 2011 The PRC 100% Live streaming platform Hai Xiu (Beijing) Technology Co., Ltd. (“HX”) April 18, 2016 The PRC 100% Live streaming platform Beijing Le Hai Technology Co., Ltd. (“LH”) June 16, 2015 The PRC 100% Live streaming platform Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) July 18, 2018 The PRC 100% Live streaming platform Sixiang Mifeng (Tianjin) Technology Co., Ltd (“DF”, formerly known as Tianjin Guangju Dingfei Technology Co., Ltd) August 8, 2016 The PRC 100% Live streaming platform Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of DF) September 22, 2016 The PRC 100% Live streaming platform Zhihui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) (a wholly owned subsidiary of QY) March 2, 2021 The PRC 100% Live streaming platform Shanhai Weilan (Beijing) Technology Co., Ltd (“SHWL”) (a wholly owned subsidiary of SG) September 27, 2021 The PRC 100% Live streaming platform Shihuai (Beijing) Technology Co., Ltd (“SH”) (a wholly owned subsidiary of SG) September 29, 2021 The PRC 100% Live streaming platform Huayu Hefeng (Qingdao) Technology Co., Ltd (“HYHF”) (a wholly owned subsidiary of SG) September 29, 2021 The PRC 100% Live streaming platform
Schedule of consolidated financial statements of balance sheets	As of December 31, 2020 2021 2021 RMB RMB USD ASSETS Current assets Cash and cash equivalents 72,179 71,308 11,190 Accounts receivable, net 183,555 122,480 19,220 Prepaid expenses and other current assets 11,728 157,724 24,750 Amounts due from related parties - 1,052 165 Amounts due from inter-companies (1) 130,987 139,621 21,910 Total current assets 398,449 492,185 77,235 Non-current assets Property and equipment, net 1,195 1,312 206 Intangible assets, net 239,609 235,688 36,985 Goodwill 92,069 92,069 14,448 Deferred tax assets 5,004 3,717 583 Long term deposits and other assets 950 950 149 Long term investments 5,000 251,827 39,517 Total non-current assets 343,827 585,563 91,888 TOTAL ASSETS 742,276 1,077,748 169,123 LIABILITIES Current liabilities Accounts payable 58,713 64,535 10,127 Deferred revenue 35,259 29,258 4,591 Accrued salary and employee benefits 16,069 13,585 2,132 Accrued expenses and other current liabilities 8,921 5,184 813 Income tax payable 8,581 8,801 1,381 Interest payable - 41 6 Amounts due to inter-companies (1) 248,127 309,098 48,504 Current portion of contingent consideration – earn-out liability 16,365 10,638 1,669 Total current liabilities 392,035 441,140 69,223 Non-current liabilities Deferred tax liabilities 59,729 58,746 9,219 Contingent consideration – earn-out liability 15,116 - - Total non-current liabilities 74,845 58,746 9,219 TOTAL LIABILITIES 466,880 499,886 78,442
Schedule of consolidated statements of income	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Net revenues 700,729 940,783 1,198,273 188,035 Third party customers 635,855 936,551 1,164,317 182,707 Inter-companies 64,874 4,232 33,956 5,328 Net (loss) income 36,982 45,722 102,042 16,013
Schedule of consolidated statements of cash flow activities	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Net cash provided by operating activities 60,234 270,927 70,255 11,025 Net cash used in investing activities (5,347 ) (323,670 ) (250,714 ) (39,342 ) Net cash provided by (used in) financing activities (28,682 ) 80,247 179,585 28,181

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Summary of Significant Accounting Policies (Tables) [Line Items]
Schedule of estimated useful lives	Computer and transmission equipment 3 years Furniture, fixtures and office equipment 5 years
Schedule of estimated economic life of intangible assets	Trademark 10 years Patent 10 years Copyright 10 years Software 3 to 10 years Licenses acquired 3 years to infinite life
Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price	August 10, December 31, December 31, Risk-free interest rate 0.12 - 0.14 % 0.11% - 0.13 % 0.38 % Share price $ 6.2 $ 8.66 $ 5.68 Probability 20% - 50 % 20% - 50 % 20% - 50 %
Schedule of fair value hierarchy for assets and liabilities measured	As of December 31, 2021 Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ - ¥ - Earn-out liability from BeeLive acquisition - - 10,638 10,638 ¥ - ¥ - ¥ 10,638 ¥ 10,638 At the dates of the transactions Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 266,828 ¥ 266,828 Earn-out liability from BeeLive acquisition - - 39,755 39,755 Total ¥ - ¥ - ¥ 306,583 ¥ 306,583
Schedule of fair value recurring basis using significant unobservable inputs	Balance Balance at January 1, 2020 ¥ - Contingent consideration resulting from SPAC Transaction 266,828 Contingent consideration resulting from BeeLive acquisition 39,755 Fair value change 14,068 Exchange difference (13,252 ) Reclassification to shares to be issued (200,100 ) Balance at December 31, 2020 ¥ 107,299 Fair value change 33,584 Exchange difference (2,126 ) Reclassification to shares to be issued (128,119 ) Balance at December 31, 2021 ¥ 10,638 Less: Contingent consideration – earn-out liability – non-current portion ¥ - Contingent consideration – earn-out liability –current portion ¥ 10,638
Schedule of types revenue	For the years ended December 31, 2020 2021 2021 Amounts in thousands of RMB and USD RMB RMB USD Live streaming - consumable virtual items revenue 1,187,431 1,617,056 253,751 Live streaming - time based virtual item revenue 29,596 32,905 5,164 Technical services 5,156 19,397 3,044 Total revenue 1,222,183 1,669,358 261,959
Schedule of revenue platforms	For the years ended December 31, 2020 2021 2021 Amounts in thousands of RMB and USD RMB RMB USD Showself 549,763 595,004 93,369 Lehai 180,112 242,910 38,118 Haixiu 321,468 326,661 51,260 Beelive 165,684 485,386 76,168 Technical services 5,156 19,397 3,044 TOTAL 1,222,183 1,669,358 261,959
Warrant liabilities [Member]
Summary of Significant Accounting Policies (Tables) [Line Items]
Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price	May 7, December 31, December 31, Risk-free interest rate 0.14 % 0.10 % 0.38 % Share price $ 8.92 $ 8.66 $ 5.68 Probability 20% - 50% 10 % 20%-50% May 7, December 31, December 31, Risk-free interest rate 0.23 % 0.18 % 0.75 % Share price $ 8.92 $ 8.66 $ 5.68 Volatility 37 % 38 % 53 %
Schedule of fair value recurring basis using significant unobservable inputs	Balance Balance at January 1, 2020 ¥ - Warrant liabilities resulting from SPAC Transaction 36,121 Fair value change (3,904 ) Exchange difference (2,659 ) Balance as of December 31, 2020 ¥ 29,558 Fair value change (16,421 ) Exercised (115 ) Exchange difference (2,698 ) Balance as of December 31, 2021 ¥ 10,324

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2021
Acquisition (Tables) [Line Items]
Schedule of pro forma results of operations	For the For the (Unaudited) (Unaudited) RMB USD Pro forma revenue 1,280,228 196,204 Pro forma gross profit 204,450 31,333 Pro forma income from operations 155,767 23,872 Pro forma net income 151,747 23,256
Lixiaozhi (Chongqing) Internet Technology Co., Ltd. [Member]
Acquisition (Tables) [Line Items]
Schedule of fair value of the identifiable assets acquired and liabilities	Amount RMB USD Cash acquired 23 4 Accounts receivable, net 8 1 Intangible assets, net 239 37 Accounts and other payables (70 ) (11 ) Total consideration 200 31
BeeLive [Member]
Acquisition (Tables) [Line Items]
Schedule of fair value of the identifiable assets acquired and liabilities	Amount RMB USD Cash acquired 10,129 1,552 Accounts receivable, net 29,330 4,495 Prepayment 7,390 1,132 Amounts due from related parties 21,840 3,347 68,689 10,526 Property and equipment, net 426 65 Intangible assets, net 240,610 36,875 Deferred tax asset 7,577 1,161 Goodwill 92,069 14,110 Total assets 409,371 62,737 Current liabilities 77,079 11,813 Loan payable – non-current portion 7,400 1,134 Deferred tax liability 60,137 9,216 Total liabilities 144,616 22,163 Total consideration 264,755 40,574

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Credit Loss, Additional Improvements [Abstract]
Schedule of accounts receivable and allowance for doubtful accounts	As of December 31, 2020 2021 2021 RMB RMB USD Accounts receivable 232,027 208,522 32,722 Less: allowance for doubtful accounts (3,813 ) (2,215 ) (348 ) Accounts receivable, net 228,214 206,307 32,374
Schedule of analysis of the allowance for doubtful accounts	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Balance, beginning of year 9,432 10,266 3,813 599 Bad debt allowances from acquisition - 1,800 - - Additions (recovery) 834 (8,253 ) (1,592 ) (250 ) Exchange difference - - (6 ) (1 ) Balance, end of year 10,266 3,813 2,215 348

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Prepaid Expenses and Other Current Assets [Abstract]
Schedule of prepaid expenses and other current assets	As of December 31, 2020 2021 2021 RMB RMB USD VAT recoverable 6,754 12,454 1,954 Prepaid expense 6,919 8,553 1,342 Prepayment for property and equipment - 19,000 2,982 Investment disposal receivable(1) - 30,000 4,708 Advance to Weiliantong(2) - 86,858 13,630 Loan receivable(3) - 8,000 1,255 Other receivables 80 500 78 Subtotal: 13,753 165,365 25,949 Less: allowance for doubtful accounts - - - Prepaid expenses and other current assets, net 13,753 165,365 25,949 (1) The Company invested RMB 30,000 in Tianjing Yieryi Technology Co., Ltd (“TJ YEY”) for its 12% equity interest on August 17, 2021. As part of the Framework Agreement signed on December 29, 2021 (Note 17), one of the shareholders of Yieryi bought such equity interest back from the Company for RMB 30,000. (2) The balance represented advance of RMB 86,858 to Beijing Weiliantong Technology Co., Ltd. (“Weiliantong”) related to the acquisition (Note 17), which was subsequently offset against acquisition consideration. (3) The balance represented a working capital loan to Jiada Hexin (Beijing) Technology Co., Ltd. The loan was from October 20, 2021 to December 31, 2022 with annual interest rate of 2.4% from October 20, 2021 to December 31, 2021 and annual interest rate of 6.0% from January 1, 2022 to December 31, 2022.
Schedule of analysis of the allowance for doubtful accounts	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Balance, beginning of year - - - - Additions 20 - - - Write off (20 ) - - - Balance, end of year - - - -

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	As of December 31, 2020 2021 2021 RMB RMB USD At cost: Computer and transmission equipment 6,640 7,472 1,172 Furniture, fixtures and office equipment 427 584 92 Total 7,067 8,056 1,264 Less: accumulated depreciation (5,711 ) (6,382 ) (1,001 ) Property and equipment, net 1,356 1,674 263

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	As of December 31, 2020 2021 2021 RMB RMB USD At cost: Trademark 26,718 26,956 4,230 Patent 33 122 19 Copyright 97 140 22 Software 6,804 6,995 1,098 License acquired 207,835 207,600 32,577 Total 241,487 241,813 37,946 Less: accumulated depreciation (1,853 ) (5,943 ) (933 ) Intangible assets, net 239,634 235,870 37,013
Schedule of estimated annual amortization expense	Amortization Amortization Twelve months ending December 31, RMB USD 2022 4,112 645 2023 4,033 633 2024 4,033 633 2025 3,501 549 2026 2,763 434 Thereafter 9,828 1,542 Total 28,270 4,436

Long Term Investment (Tables)

Long Term Investment (Tables)	12 Months Ended
	Dec. 31, 2021
Long-Term Investments [Abstract]
Schedule of long term investment	Equity Cost method Total Cost method RMB RMB RMB US$ Balance as of January 1, 2021 - 5,000 5,000 785 Additions 75,000 54,725 129,725 20,356 Share of loss in equity method investee (2,998 ) - (2,998 ) (470 ) Disposal - (30,000 ) (30,000 ) (4,708 ) Impairment - - - - Balance as of December 31, 2021 72,002 29,725 101,727 15,963

Long Term Deposits and Other _2

Long Term Deposits and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of long term deposits and other assets	As of December 31, 2020 2021 2021 RMB RMB USD Rent deposits 572 418 66 Advertising deposits 810 734 115 Long term deposits and other assets 1,382 1152 181

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of income tax expenses	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Current income tax expense 6,814 5,459 5,285 829 Deferred income tax expense (benefit) (191 ) 1,945 319 50 Income tax expenses 6,623 7,404 5,604 879
Schedule of reconciliation of differences between the statutory tax rate and the effective tax rate	For the years ended December 31, 2019 2020 2021 Income tax computed at PRC statutory tax rate 25.0 % 25.0 % 25.0 % Effect of tax-preferential entities (21.2 )% (22.2 )% (23.2 )% Non-deductible expenses 0.5 % 1.2 % 1.2 % Income tax expense 4.3 % 4.0 % 3.2 %
Schedule of components of deferred taxes	As of December 31, 2020 2021 2021 RMB RMB USD Deferred tax assets: Allowance for doubtful accounts 633 171 27 Net operating losses carried forward 5,021 4,181 656 5,654 4,352 683
Schedule of components of deferred liabilities	As of December 31, 2020 2021 2021 RMB RMB USD Deferred tax liabilities Intangible assets acquired through acquisition 59,729 58,746 9,219 59,729 58,746 9,219

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of significant related party transactions	Name of Related Parties Relationship with the Company Mr. He Xiaowu Chief Executive Officer and Chairman of the Board Sixiang Times (Beijing) Technology Co., Ltd. Where the Company’s executive is one of the major shareholders Beijing Junwei Technology Co., Ltd. Controlling shareholder of SG and HX Beijing WanPu Century Technology Co Ltd Subsidiary company of Beijing NQ Mobile Inc., which was holding company of Sixiang Times (Beijing) Technology Co., Ltd Lavacano Holdings Limited Where Mr. He Xiaowu acted as director ENMOLI INC Where Mr. He Xiaowu acted as director Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) Controlled by a direct relative of CEO
Schedule of significant related party transactions	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Beijing WanPu Century Technology Co Ltd Market promotion expenses 16 - - - Sixiang Times (Beijing) Technology Co., Ltd. Rental and service fees 986 2,106 531 83 ENMOLI INC Interest expense - - 480 75 Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) Interest income - - 462 72
Schedule of amount due from or due to related parties	2020 2021 2021 RMB RMB USD Amount due from related parties Lavacano Holdings Limited 7 7 1 Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) . (1) 1,052 165 Total 7 1,059 166

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of warrants activity	Number of Weighted Expiration Public warrants assumed from Wealthbridge’s initial Public Offering on February 5, 2019 5,750,000 Private warrants assumed from Wealthbridge’s private placement on February 5, 2019 270,000 Balance of warrants outstanding as of December 31, 2020 6,020,000 3.1 years February 4, 2024 Additional warrants upon exercise of UPO 100,000 Exercised (96,300) Balance of warrants outstanding as of December 31, 2021 6,023,700 Balance of warrants exercisable as of December 31, 2021 6,023,700 2.1 years February 4, 2024

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments under non-cancelable operating	RMB USD Twelve months ending December 31, 2022 4,815 756 2023 4,395 690 2024 4,374 686 2025 365 57 Total 13,949 2,189

Condensed Financial Informati_2

Condensed Financial Information of The Parent Company (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Schedule of balance sheets	As of December 31, 2020 2021 2021 RMB RMB USD ASSETS Current assets Cash and cash equivalents 183 373 59 Prepaid expenses and other current assets 392 1,317 207 Amounts due from subsidiaries 236,403 25,995 4,079 Total current assets 236,978 27,685 4,345 Non-current assets Investments in subsidiaries and consolidated VIE 359,394 805,136 126,343 TOTAL ASSETS 596,372 832,821 130,688 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Accrued expenses and other current liabilities - 2,414 379 Warrant liabilities 29,558 10,324 1,620 Current portion of contingent consideration – earn-out liability 92,183 10,638 1,669 Total current liabilities 121,741 23,376 3,668 Non-current liabilities Contingent consideration – earn-out liability 15,116 - - Total liabilities 136,857 23,376 3,668 Shareholders’ equity Ordinary share, no par value, unlimited Class A ordinary shares and 2,925,058 Class B ordinary shares authorized, 27,037,302 Class A ordinary shares and Nil Class B ordinary shares issued and outstanding as of December 31, 2020; 28,219,583 Class A ordinary shares and 2,625,058 Class B ordinary shares issued and outstanding as of December 31, 2021, respectively Class A ordinary shares (96,349 ) 140,196 22,000 Class B ordinary shares 13,041 2,046 Shares to be issued 200,100 128,119 20,105 Statutory reserves 18,352 31,775 4,986 Retained earnings 322,610 479,199 75,197 Accumulated other comprehensive income 14,802 17,115 2,686 Total shareholder’s equity 459,515 809,445 127,020 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 596,372 832,821 130,688
Schedule of statements of income	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Equity income of subsidiaries 149,918 184,869 267,436 41,967 General administrative expense and others - 1,395 33,473 5,252 Research and development expenses - - 13,946 2,188 Change in fair value of warrant liabilities - 3,904 16,421 2,577 Change in fair value of contingent consideration - (14,068 ) 33,584 5,270 Net income 149,918 176,100 170,012 26,680 Other comprehensive income - foreign currency translation adjustment - 14,802 2,313 363 Comprehensive income attributable to the Company’s shareholders 149,918 190,902 172,325 27,043
Schedule of statements of cash flows	For the years ended December 31, 2019 2020 2021 2021 RMB RMB RMB USD Cash flows from operating activities Net income 149,918 176,100 170,012 26,680 Equity in earning of subsidiaries (149,918 ) (184,869 ) (267,436 ) (41,967 ) Change in fair value of warrant liabilities - (3,904 ) 16,421 2,577 Change in fair value of contingent consideration - 14,068 33,584 5,270 Share Based Compensation - - 31,857 4,999 Changes in operating assets and liabilities Prepaid expense and other current assets - (392 ) (925 ) (145 ) Accrued expenses and other current liabilities - - 2,414 379 Net cash provided by operating activities - 1,003 (14,073 ) (2,207 ) Cash flows from investing activities Proceeds from subsidiaries 136,953 - - - Net cash provided by investing activities 136,953 - - - Cash flows from financing activities Dividends distribution to shareholders (104,590 ) - - - Capital distribution due to reorganization (32,328 ) - - - Due to related parties - (26,590 ) 14,263 2,237 Net cash acquired in the reverse recapitalization - 32,659 - - Payment of listing costs - (6,924 ) - - Net cash used in financing activities (136,918 ) (855 ) 14,263 2,237 Net increase in cash and cash equivalents 35 148 190 30 Cash and cash equivalents at beginning of the year - 35 183 29 Cash and cash equivalents at end of the year 35 183 373 59

Organization and Principal Ac_3

Organization and Principal Activities (Details) - CNY (¥) ¥ in Thousands	1 Months Ended		12 Months Ended
	Jan. 29, 2019	Nov. 16, 2018	Dec. 31, 2021	Dec. 29, 2021	Dec. 31, 2020	May 07, 2020	Jan. 28, 2019	Jul. 24, 2018	Jul. 18, 2018	Jan. 01, 2018
Organization and Principal Activities (Details) [Line Items]
Equity transfer agreements, description	On May 7, 2020, the Company, formerly known as Wealthbridge Acquisition Limited (“Wealthbridge”), consummated the transactions (the “SPAC Transaction”) contemplated by the Share Exchange Agreement (the “Share Exchange Agreement”) dated as of October 28, 2019, pursuant to which the Company acquired 100% of the issued and outstanding equity interests of Scienjoy Inc. and changed its name to Scienjoy Holding Corporation. Upon the closing of the Transaction, the Company acquired 100% of the issued and outstanding equity interests of Scienjoy Inc. in exchange for approximately in aggregated of 19.4 million Class A ordinary shares, including 3 million Class A ordinary shares as part of earn-out consideration that was issued to the previous owners of Scienjoy Inc. (Note -2). Scienjoy Inc. was determined to be the accounting acquirer given that the original shareholders of Scienjoy Inc. effectively controlled the combined entity after the Transaction. The Transaction is not a business combination because Wealthbridge was not a business. The transaction is accounted for as a reverse recapitalization, which is equivalent to the issuance of shares by Scienjoy Inc. for the net monetary assets of Wealthbridge, accompanied by a recapitalization. Scienjoy Inc. is determined as the predecessor, and the historical financial statements of Scienjoy Inc. became the Company’s historical financial statements, with retrospective adjustments to give effect of the reverse recapitalization. The share and per share data is retrospectively restated to give effect to the reverse recapitalization.  (b)Reorganization  On January 1, 2018, Tongfang Investment Fund Series SPC (“TF”) completed the acquisition of a 65% equity interest in Sixiang Times (Beijing) Technology Co., Ltd (“Sixiang Times”) from NQ Mobile Inc. Through the acquisition of Sixiang Times, TF acquired a controlling position in Holgus Sixiang Information Technology Co., Ltd (“Holgus X”), Kashgar Sixiang Times Internet Technology Co., Ltd (“Kashgar Times”), Beijing Sixiang Shiguang Technology Co., Ltd (“SG”), Hai Xiu (Beijing) Technology Co., Ltd (“HX”) and Beijing Le Hai Technology Co., Ltd (“LH”). On May 18, 2017, Scienjoy Inc. established its wholly owned subsidiary in Hong Kong, Scienjoy International Limited (“Scienjoy HK”), as a holding company holding all of the outstanding shares of Sixiang Wuxian (Beijing) Technology Co., Ltd (“WXBJ”) which was established in PRC on October 17, 2017 under the laws of the People’s Republic of China as a holding company holding all of the equity interest of Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”),which was incorporated on July 5, 2018. Scienjoy Inc. established ZH (through WXBJ), as a holding company for purpose of holding all of the outstanding equity interest of Holgus X and	Sixiang Times and other minority shareholders respectively entered into certain equity transfer agreements with Sixiang Huizhi (Beijing) Technology Culture Co., Ltd. (“HZ”) and Tianjin Sihui Peiying Technology Co., Ltd. (“SY”), and transfer 100% equity interest in SG to HZ, and transfer 100% equity interest in HX and LH to HZ and SY accordingly. Both HZ and SY were ultimately controlled by TF.On January 28, 2019, HZ and SY executed equity transfer agreement with Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”). Pursuant to the agreement, 100% equity interest in SG, HX and LH were transferred to QY which is ultimately controlled by TF. In consideration of the transfer, Scienjoy Inc. paid RMB 32,000 to the former shareholders of SG, HX and LH. On January 29, 2019, Scienjoy Inc., through its wholly owned subsidiary WXBJ, entered into a series of contractual arrangements (VIE Agreements) with QY and its respective shareholders, and in substance controlled all equity shares, risk and reward of SG, HX and LH through QY accordingly as a primary beneficiary of QY. On January 29, 2019, Scienjoy Inc. completed its reorganization of entities under the common control of the founders. Scienjoy, Scienjoy HK, WXBJ and ZH were established as holding Companies. WXBJ holds 100% of equity interests of ZH which holds 100% of equity interest in Kashgar Times and Holgus X. WXBJ is the primary beneficiary of QY which holds 100% equity interest in SG, HX and LH. These transactions were between entities under common control, and therefore accounted for in a manner similar to the pooling of interest method. Under the pooling-of-interests method, combination between two businesses under common control is accounted for at carrying amounts with retrospective adjustment of prior period financial statements, and the equity accounts of the combining entities are combined and the difference between the consideration paid and the net assets acquired is reflected as an equity transaction (i.e., distribution to parent company). As opposed to the purchase method of accounting, no intangible assets are recognized in the transaction, and no goodwill is recognized as a result of the combination.  (c)Recent developments  In December 2019, a novel strain of coronavirus (COVID-19) surfaced. COVID-19 has spread rapidly to many parts of the PRC and other parts of the world in the first half of 2020, which has caused significant volatility in the PRC and international markets. In the year ended December 31, 2020, the COVID-19 pandemic did not have a material net impact on the Company’s financial positions and operating results. The extent of the impact on the Company’s future financial results will be dependent on future developments such as the length and severity of the crisis, the potential resurgence of the crisis, future government actions in response to the crisis and the overall impact of the COVID-19 pandemic on the global economy and capital markets, among many other factors, all of which remain highly uncertain and unpredictable. Given this uncertainty, the Company is currently unable to quantify the expected impact of the COVID-19 pandemic on its future operations, financial condition, liquidity and results of operations if the current situation continues. On March 2, 2021, the Company’s VIE, Zhihui Qiyuan (Beijing) Technology Co., Ltd. established a wholly owned subsidiary Zhihui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) in Hainan, PRC to provide information technology service. On September 27, 2021, the Company’s VIE, Beijing Sixiang Shiguang Technology Co., Ltd. established a wholly owned subsidiary Shanhai Weilan (Beijing) Technology Co., Ltd (“SHWL”) in Beijing, PRC to provide information technology service. On September 29, 2021, the Company’s VIE, Beijing Sixiang Shiguang Technology Co., Ltd. established a wholly owned subsidiary Shihuai (Beijing) Technology Co., Ltd (“SH”) in Beijing, PRC to provide information technology service. On September 29, 2021, the Company’s VIE, Beijing Sixiang Shiguang Technology Co., Ltd. established a wholly owned subsidiary Huayu Hefeng (Qingdao) Technology Co., Ltd (“HYHF”) in Shandong, PRC to provide information technology service. On April 28, 2022, Scienjoy HK established a wholly owned subsidiary Sixiang Wuxian (Zhejiang) Culture Technology Co. Ltd. (“WXZJ ”) in Zhejiang, PRC to provide information technology service.  (d)Organization  Subsidiaries of the Company and VIEs where the Company is the primary beneficiary include the following:  Subsidiaries  Date of incorporation  Place of incorporation  Percentage of direct/indirect ownership  Principal activities Scienjoy Inc.  March 2, 2017  Cayman Islands  100%  Holding Company Scienjoy International Limited (“Scienjoy HK”)  May 18, 2017  Hong Kong  100%  Holding Company Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WXBJ”)  October 17, 2017  The PRC  100%  Holding Company Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”)  July 5, 2018  The PRC  100%  Holding Company Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”)  May 9, 2017  The PRC  100%  Live streaming platform Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”)  March 2, 2016  The PRC  100%  Live streaming platform Scienjoy BeeLive Limited (formerly known as Sciscape International Limited, “SIL”)  December 18, 2017  Hong Kong  100%  Live streaming platform Kashgar Sixiang Lehong Information Technology Co., Ltd (“Kashgar Lehong”)  July 23, 2020  The PRC  100%  Information technology Holgus Sixiang Haohan Internet Technology Co., Ltd.(“Holgus H”) (a wholly owned subsidiary of ZH)  December 11, 2020  The PRC  100%  Information technology Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) (a wholly owned subsidiary of ZH)  December 23, 2020  The PRC  100%  Live streaming platform VIEs             Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”)  January 22, 2019  The PRC  100%  Holding Company Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”)  October 28, 2011  The PRC  100%  Live streaming platform Hai Xiu (Beijing) Technology Co., Ltd. (“HX”)  April 18, 2016  The PRC  100%  Live streaming platform Beijing Le Hai Technology Co., Ltd. (“LH”)  June 16, 2015  The PRC  100%  Live streaming platform Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”)  July 18, 2018  The PRC  100%  Live streaming platform Sixiang Mifeng (Tianjin) Technology Co., Ltd (“DF”, formerly known as Tianjin Guangju Dingfei Technology Co., Ltd)  August 8, 2016  The PRC  100%  Live streaming platform Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of DF)  September 22, 2016  The PRC  100%  Live streaming platform Zhihui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) (a wholly owned subsidiary of QY)  March 2, 2021  The PRC  100%  Live streaming platform Shanhai Weilan (Beijing) Technology Co., Ltd (“SHWL”) (a wholly owned subsidiary of SG)  September 27, 2021  The PRC  100%  Live streaming platform Shihuai (Beijing) Technology Co., Ltd (“SH”) (a wholly owned subsidiary of SG)  September 29, 2021  The PRC  100%  Live streaming platform Huayu Hefeng (Qingdao) Technology Co., Ltd (“HYHF”) (a wholly owned subsidiary of SG)  September 29, 2021  The PRC  100%  Live streaming platform  On January 29, 2019, the Company completed its reorganization of entities under the common control of the founders. Scienjoy, Scienjoy HK, WXBJ and ZH were established as holding Companies. WXBJ holds 100% of equity interests of ZH which holds 100% of equity interest in Kashgar Times and Holgus X. WXBJ is the primary beneficiary of QY which holds 100% equity interest in SG, HX and
Aggregated of ordinary shares (in Shares)			108,230
Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) [Member]
Organization and Principal Activities (Details) [Line Items]
Consideration amount (in Yuan Renminbi)							¥ 32,000
Exclusive Business Cooperation Agreements [Member]
Organization and Principal Activities (Details) [Line Items]
Effective term, year			20 years
Term extended			1 year
Class A Ordinary Shares [Member]
Organization and Principal Activities (Details) [Line Items]
Aggregated of ordinary shares (in Shares)			28,219,583		27,037,302
Business Combination [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage			100.00%	100.00%		100.00%
Business Combination [Member] | Sixiang Times [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage										65.00%
Business Combination [Member] | Holgus [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest, percentage									100.00%
Business Combination [Member] | Kashgar [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest, percentage								100.00%
Business Combination [Member] | Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage	100.00%
Equity interest, percentage							100.00%
Business Combination [Member] | WXBJ [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage	100.00%
Business Combination [Member] | Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage	100.00%
Share Exchange Agreement [Member] | Class A Ordinary Shares [Member]
Organization and Principal Activities (Details) [Line Items]
Aggregated of ordinary shares (in Shares)						19,400,000
Consideration of ordinary shares (in Shares)						3,000,000
Share Exchange Agreement [Member] | Business Combination [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage						100.00%
Kashgar [Member]
Organization and Principal Activities (Details) [Line Items]
Consideration amount (in Yuan Renminbi)								¥ 10,000
Exclusive Option Agreements [Member]
Organization and Principal Activities (Details) [Line Items]
Effective term, year			20 years
Term extended			1 year
Renewal extension, term year			1 year
Exclusive Business Cooperation Agreements [Member]
Organization and Principal Activities (Details) [Line Items]
Renewal extension, term year			1 year

Organization and Principal Ac_4

Organization and Principal Activities (Details) - Schedule of subsidiaries	12 Months Ended
	Dec. 31, 2021
Scienjoy Inc. [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	Cayman Islands
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Mar. 2, 2017
Scienjoy International Limited (“Scienjoy HK”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	Hong Kong
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	May 18, 2017
Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WXBJ”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Oct. 17, 2017
Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Jul. 5, 2018
Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	May 9, 2017
Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Mar. 2, 2016
Scienjoy BeeLive Limited (formerly known as Sciscape International Limited, “SIL”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	Hong Kong
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Dec. 18, 2017
Kashgar Sixiang Lehong Information Technology Co., Ltd (“Kashgar Lehong”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Information technology
Date of incorporation	Jul. 23, 2020
Holgus Sixiang Haohan Internet Technology Co., Ltd.(“Holgus H”) (a wholly owned subsidiary of ZH) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Information technology
Date of incorporation	Dec. 11, 2020
Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) (a wholly owned subsidiary of ZH) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Dec. 23, 2020
Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Jan. 22, 2019
Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Oct. 28, 2011
Hai Xiu (Beijing) Technology Co., Ltd. (“HX”) [Memebr]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Apr. 18, 2016
Beijing Le Hai Technology Co., Ltd. (“LH”) [Mmeber]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Jun. 16, 2015
Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Jul. 18, 2018
Sixiang Mifeng (Tianjin) Technology Co., Ltd (“DF”, formerly known as Tianjin Guangju Dingfei Technology Co., Ltd) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Aug. 8, 2016
Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of DF) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Sep. 22, 2016
Zhihui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) (a wholly owned subsidiary of QY) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Mar. 2, 2021
Shanhai Weilan (Beijing) Technology Co., Ltd (“SHWL”) (a wholly owned subsidiary of SG) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Sep. 27, 2021
Shihuai (Beijing) Technology Co., Ltd (“SH”) (a wholly owned subsidiary of SG) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Sep. 29, 2021
Huayu Hefeng (Qingdao) Technology Co., Ltd (“HYHF”) (a wholly owned subsidiary of SG) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Sep. 29, 2021

Organization and Principal Ac_5

Organization and Principal Activities (Details) - Schedule of consolidated financial statements of balance sheets - Subsidiaries [Member] ¥ in Thousands, $ in Thousands		Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Current assets
Cash and cash equivalents		¥ 71,308	$ 11,190	¥ 72,179
Accounts receivable, net		122,480	19,220	183,555
Prepaid expenses and other current assets		157,724	24,750	11,728
Amounts due from related parties		1,052	165
Amounts due from inter-companies	[1]	139,621	21,910	130,987
Total current assets		492,185	77,235	398,449
Non-current assets
Property and equipment, net		1,312	206	1,195
Intangible assets, net		235,688	36,985	239,609
Goodwill		92,069	14,448	92,069
Deferred tax assets		3,717	583	5,004
Long term deposits and other assets		950	149	950
Long term investments		251,827	39,517	5,000
Total non-current assets		585,563	91,888	343,827
TOTAL ASSETS		1,077,748	169,123	742,276
Current liabilities
Accounts payable		64,535	10,127	58,713
Deferred revenue		29,258	4,591	35,259
Accrued salary and employee benefits		13,585	2,132	16,069
Accrued expenses and other current liabilities		5,184	813	8,921
Income tax payable		8,801	1,381	8,581
Interest payable		41	6
Amounts due to inter-companies	[1]	309,098	48,504	248,127
Current portion of contingent consideration – earn-out liability		10,638	1,669	16,365
Total current liabilities		441,140	69,223	392,035
Non-current liabilities
Deferred tax liabilities		58,746	9,219	59,729
Contingent consideration – earn-out liability				15,116
Total non-current liabilities		58,746	9,219	74,845
TOTAL LIABILITIES		¥ 499,886	$ 78,442	¥ 466,880
[1]	Amount due from/to inter-companies consist of intercompany receivables/payables to the other companies within the Company.

Organization and Principal Ac_6

Organization and Principal Activities (Details) - Schedule of consolidated statements of income - Subsidiaries [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Organization and Principal Activities (Details) - Schedule of consolidated statements of income [Line Items]
Net revenues	¥ 1,198,273	$ 188,035	¥ 940,783	¥ 700,729
Third party customers	1,164,317	182,707	936,551	635,855
Inter-companies	33,956	5,328	4,232	64,874
Net (loss) income	¥ 102,042	$ 16,013	¥ 45,722	¥ 36,982

Organization and Principal Ac_7

Organization and Principal Activities (Details) - Schedule of consolidated statements of cash flow activities - Subsidiaries [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Organization and Principal Activities (Details) - Schedule of consolidated statements of cash flow activities [Line Items]
Net cash provided by operating activities	¥ 70,255	$ 11,025	¥ 270,927	¥ 60,234
Net cash used in investing activities	(250,714)	(39,342)	(323,670)	(5,347)
Net cash provided by (used in) financing activities	¥ 179,585	$ 28,181	¥ 80,247	¥ (28,682)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) ¥ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)¥ / sharesshares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2019CNY (¥)	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares
Summary of Significant Accounting Policies (Details) [Line Items]
Convenience Price (in Yuan Renminbi per share) | ¥ / shares	¥ 6.3726
Accounts considered overdue term	180 years				180 years
Earn-out liabilities | ¥			¥ 107,300
Current portion of earn out liability | ¥			92,200
Non current portion of earnout liability | ¥			15,100
Earn-out liabilities (in Dollars) | $						$ 10,600
Current portion of earn-out liability (in Dollars) | $						$ 10,600
Related portion of earn-out liability | ¥	¥ 128,119
Earn-out shares issued (in Shares) | shares	3,540,960				3,540,960
Technical development and advisory Rate	1.00%	1.00%
Advertising and market promotion expenses	¥ 4,794	$ 752	9,588	¥ 3,350
Amount of employee benefits	¥ 14,370		¥ 5,797	¥ 6,951	$ 2,255
Estimated remaining economic life percentage	75.00%				75.00%
VAT rates range	13.00%				13.00%
General reserve fund rate	10.00%	10.00%
Reserve fund reached percentage	50.00%	50.00%
Statutory surplus fund percentage	10.00%	10.00%
Surplus fund reached percentage	50.00%	50.00%
Dilutive shares issued (in Shares) | shares	602,000	602,000
Earnings per share contractual issuable shares (in Shares) | shares	3,540,960	3,540,960
Future minimum operating lease commitments	¥ 13,949	$ 2,189
SPAC and Beelive [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Earn-out shares issued (in Shares) | shares			3,540,960			3,540,960

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives	12 Months Ended
	Dec. 31, 2020
Computer and transmission equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	3 years
Furniture, fixtures and office equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets	12 Months Ended
	Dec. 31, 2020
Trademark [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Patent [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Copyright [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Software [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	3 years
Software [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Licenses acquired [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	3 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price - $ / shares	May 07, 2020	Dec. 31, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.14%	0.38%	0.10%
Share price	$ 8.92	$ 5.68	$ 8.66
Probability			$ 0.10
Warrant [Member]
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.23%	0.75%	0.18%
Share price	$ 8.92	$ 5.68	$ 8.66
Volatility	37.00%	53.00%	38.00%
Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.12%		0.11%
Volatility	20.00%	20.00%	20.00%
Probability	$ 0.20	$ 0.50
Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.14%		0.13%
Volatility	50.00%	50.00%	50.00%
Probability	$ 0.50	$ 0.20

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price - $ / shares	May 07, 2020	Dec. 31, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.14%	0.38%	0.10%
Share price (in Dollars per share)	$ 6.2	$ 5.68	$ 8.66
Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.12%		0.11%
Probability	20.00%	20.00%	20.00%
Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.14%		0.13%
Probability	50.00%	50.00%	50.00%

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	¥ 10,638	¥ 306,583
Quoted price in active markets for identical assets Level 1 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total
Significant other observable inputs Level 2 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total
Significant unobservable inputs Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	10,638	306,583
Earn-out liability from SPAC transaction [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total		266,828
Earn-out liability from SPAC transaction [Member] | Quoted price in active markets for identical assets Level 1 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total
Earn-out liability from SPAC transaction [Member] | Significant other observable inputs Level 2 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total
Earn-out liability from SPAC transaction [Member] | Significant unobservable inputs Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total		266,828
Earn-out liability from BeeLive acquisition [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	10,638	39,755
Earn-out liability from BeeLive acquisition [Member] | Quoted price in active markets for identical assets Level 1 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total
Earn-out liability from BeeLive acquisition [Member] | Significant other observable inputs Level 2 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total
Earn-out liability from BeeLive acquisition [Member] | Significant unobservable inputs Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	¥ 10,638	¥ 39,755

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details) - Schedule of fair value recurring basis using significant unobservable inputs ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2021USD ($)
Schedule of fair value recurring basis using significant unobservable inputs [Abstract]
Balance	¥ 107,299
Contingent consideration resulting from SPAC Transaction		266,828
Contingent consideration resulting from BeeLive acquisition		39,755
Fair value change	33,584	14,068
Exchange difference	(2,126)	(13,252)
Reclassification to shares to be issued	(128,119)	(200,100)
Balance	10,638	107,299
Less: Contingent consideration – earn-out liability – non-current portion		15,116
Contingent consideration – earn-out liability –current portion	¥ 10,638	¥ 92,183	$ 1,669

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Details) - Schedule of fair value recurring basis using significant unobservable inputs - Warrant liabilities [Member] - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	¥ 29,558
Warrant liabilities resulting from SPAC Transaction		36,121
Fair value change	¥ (16,421)	(3,904)
Exercised (in Shares)	(115)
Exchange difference	¥ (2,698)	(2,659)
Balance	¥ 10,324	¥ 29,558

Summary of Significant Accou_11

Summary of Significant Accounting Policies (Details) - Schedule of types revenue ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Principal Transaction Revenue [Line Items]
Total revenue	¥ 1,669,358	$ 261,959	¥ 1,222,183	¥ 914,626
Technical services [Member]
Principal Transaction Revenue [Line Items]
Total revenue	19,397	3,044	5,156
Live streaming - consumable virtual items revenue [Member]
Principal Transaction Revenue [Line Items]
Total revenue	1,617,056	253,751	1,187,431
Live streaming - time based virtual item revenue [Member]
Principal Transaction Revenue [Line Items]
Total revenue	¥ 32,905	$ 5,164	¥ 29,596

Summary of Significant Accou_12

Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	¥ 1,669,358	$ 261,959	¥ 1,222,183	¥ 914,626
Technical services [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	19,397	3,044	5,156
Showself [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	595,004	93,369	549,763
Lehai [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	242,910	38,118	180,112
Haixiu [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	326,661	51,260	321,468
Beelive [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	¥ 485,386	$ 76,168	¥ 165,684

Concentration of Risk (Details)

Concentration of Risk (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019
Concentration of Risk (Details) [Line Items]
Credit risk financial instruments	¥ 238,792	$ 37,472	¥ 222,609
Customer description	For the years ended December 31,2019, 2020 and 2021, no customer individually represents greater than 10% of the total revenue.	For the years ended December 31,2019, 2020 and 2021, no customer individually represents greater than 10% of the total revenue.	For the years ended December 31,2019, 2020 and 2021, no customer individually represents greater than 10% of the total revenue.	For the years ended December 31,2019, 2020 and 2021, no customer individually represents greater than 10% of the total revenue.
Vendors [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage				1.00%
Purchases [Member] | Vendors [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage	19.60%	19.60%	30.80%	37.20%
Accounts Payable [Member] | Vendors [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage	10.90%	10.90%
Accounts Payable [Member] | Vendors Two [Member] | Maximum [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage				30.70%
Accounts Payable [Member] | Vendors Two [Member] | Minimum [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage				21.60%
Accounts Payable [Member] | Vendors Three [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage			10.00%
Accounts Payable [Member] | Vendors Three [Member] | Maximum [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage			13.10%
Accounts Payable [Member] | Vendors Three [Member] | Minimum [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage			10.40%

Acquisition (Details)

Acquisition (Details) ¥ in Thousands, $ in Thousands	Aug. 10, 2020USD ($)	Jan. 10, 2020CNY (¥)	Jan. 10, 2020USD ($)	Dec. 31, 2021shares	Dec. 29, 2021	Dec. 31, 2020shares	May 07, 2020
Acquisition (Details) [Line Items]
intangible assets amortized term		3 years	3 years
First portion of earn-out shares | shares				540,960		540,960
Minimum [Member]
Acquisition (Details) [Line Items]
Business acquisition of intangible assets amortized term				5 years
Maximum [Member]
Acquisition (Details) [Line Items]
Business acquisition of intangible assets amortized term				10 years
Business Combination [Member]
Acquisition (Details) [Line Items]
Acquire equity interest rate				100.00%	100.00%		100.00%
Cash consideration		¥ 200	$ 31
Business Combination [Member] | Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) [Member]
Acquisition (Details) [Line Items]
Acquire equity interest rate		100.00%	100.00%
Business Combination [Member] | BeeLive [Member]
Acquisition (Details) [Line Items]
Acquire equity interest rate	100.00%
Business Combination [Member] | Tianjin Guangju Dingfei Technology Co., Ltd. [Member]
Acquisition (Details) [Line Items]
Acquire equity interest rate	100.00%
BeeLive [Member]
Acquisition (Details) [Line Items]
Cash consideration | $	$ 7,400
Business combination of description	(i) a cash consideration of RMB50.0 million (US$7.4 million) and (ii) RMB250.0 million in Class A ordinary shares (approximately 5.4 million Class A ordinary shares) to be issued by the Company. 30% of share consideration payments are subject to certain performance conditions (i.e. earn-out provisions as discussed below) and requirements over the following three years (earn-out arrangement). The fair value of purchase price including the consideration for earn-out arrangement was RMB264,755, based on a valuation performed by an independent valuation firm engaged by the Company. Tianjin Guangju Dingfei Technology Co., Ltd. subsequently changed its name to Sixiang Mifeng (Tianjin) Technology Co. and Sciscape International Limited changed its name to Scienjoy BeeLive Limited (together “BeeLive”).

Acquisition (Details) - Schedul

Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities - Jan. 10, 2020 - Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) [Member] ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities [Line Items]
Cash acquired	¥ 23	$ 4
Accounts receivable, net	8	1
Intangible assets, net	239	37
Accounts and other payables	(70)	(11)
Total consideration	¥ 200	$ 31

Acquisition (Details) - Sched_2

Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities - Jan. 10, 2020 - BeeLive [Member] ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities [Line Items]
Cash acquired	¥ 10,129	$ 1,552
Accounts receivable, net	29,330	4,495
Prepayment	7,390	1,132
Amounts due from related parties	21,840	3,347
Current Assets	68,689	10,526
Property and equipment, net	426	65
Intangible assets, net	240,610	36,875
Deferred tax asset	7,577	1,161
Goodwill	92,069	14,110
Total assets	409,371	62,737
Current liabilities	77,079	11,813
Loan payable – non-current portion	7,400	1,134
Deferred tax liability	60,137	9,216
Total liabilities	144,616	22,163
Total consideration	¥ 264,755	$ 40,574

Acquisition (Details) - Sched_3

Acquisition (Details) - Schedule of pro forma results of operations - 12 months ended Dec. 31, 2019 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Schedule of pro forma results of operations [Abstract]
Pro forma revenue	¥ 1,280,228	$ 196,204
Pro forma gross profit	204,450	31,333
Pro forma income from operations	155,767	23,872
Pro forma net income	¥ 151,747	$ 23,256

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details)	Dec. 31, 2021	Dec. 31, 2020
Distributor One [Member]
Accounts Receivable, Net (Details) [Line Items]
Accounts receivables, percentage	23.70%	67.90%
Distributor Two [Member]
Accounts Receivable, Net (Details) [Line Items]
Accounts receivables, percentage	20.60%	14.20%

Accounts Receivable, Net (Det_2

Accounts Receivable, Net (Details) - Schedule of accounts receivable and allowance for doubtful accounts - Accounts Receivable [Member] ¥ in Thousands, $ in Thousands	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	¥ 208,522	$ 32,722	¥ 232,027
Less: allowance for doubtful accounts	(2,215)	(348)	(3,813)
Accounts receivable, net	¥ 206,307	$ 32,374	¥ 228,214

Accounts Receivable, Net (Det_3

Accounts Receivable, Net (Details) - Schedule of analysis of the allowance for doubtful accounts ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Schedule of analysis of the allowance for doubtful accounts [Abstract]
Balance, beginning of year	¥ 3,813	$ 599	¥ 10,266	¥ 9,432
Bad debt allowances from acquisition			1,800
Additions (recovery)	(1,592)	(250)	(8,253)	834
Exchange difference	(6)	(1)
Balance, end of year	¥ 2,215	$ 348	¥ 3,813	¥ 10,266

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - CNY (¥)	1 Months Ended		2 Months Ended	12 Months Ended
	Dec. 29, 2021	Aug. 17, 2021	Dec. 31, 2021	Dec. 31, 2022
Tianjing Yieryi Technology Co., Ltd (“TJ YEY”) [Member]
Prepaid Expenses and Other Current Assets (Details) [Line Items]
Invested amount		¥ 30,000
Equity interest, percentage		12.00%
Equity interest purchased	¥ 30,000
Beijing Weiliantong Technology Co., Ltd. (“Weiliantong”) [Member]
Prepaid Expenses and Other Current Assets (Details) [Line Items]
Advance paid			¥ 86,858
Jiada Hexin (Beijing) Technology Co., Ltd. [Member]
Prepaid Expenses and Other Current Assets (Details) [Line Items]
Annual interest rate			2.40%
Jiada Hexin (Beijing) Technology Co., Ltd. [Member] | Subsequent Event [Member]
Prepaid Expenses and Other Current Assets (Details) [Line Items]
Annual interest rate				6.00%

Prepaid Expenses and Other Cu_4

Prepaid Expenses and Other Current Assets (Details) - Schedule of prepaid expenses and other current assets ¥ in Thousands, $ in Thousands		Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Schedule of prepaid expenses and other current assets [Abstract]
VAT recoverable		¥ 12,454	$ 1,954	¥ 6,754
Prepaid expense		8,553	1,342	6,919
Prepayment for property and equipment		19,000	2,982
Investment disposal receivable	[1]	30,000	4,708
Advance to Weiliantong	[2]	86,858	13,630
Loan receivable	[3]	8,000	1,255
Other receivables		500	78	80
Subtotal:		165,365	25,949	13,753
Less: allowance for doubtful accounts
Prepaid expenses and other current assets, net		¥ 165,365	$ 25,949	¥ 13,753
[1]	The Company invested RMB 30,000 in Tianjing Yieryi Technology Co., Ltd (“TJ YEY”) for its 12% equity interest on August 17, 2021. As part of the Framework Agreement signed on December 29, 2021 (Note 17), one of the shareholders of Yieryi bought such equity interest back from the Company for RMB 30,000.
[2]	The balance represented advance of RMB 86,858 to Beijing Weiliantong Technology Co., Ltd. (“Weiliantong”) related to the acquisition (Note 17), which was subsequently offset against acquisition consideration.
[3]	The balance represented a working capital loan to Jiada Hexin (Beijing) Technology Co., Ltd. The loan was from October 20, 2021 to December 31, 2022 with annual interest rate of 2.4% from October 20, 2021 to December 31, 2021 and annual interest rate of 6.0% from January 1, 2022 to December 31, 2022.

Prepaid Expenses and Other Cu_5

Prepaid Expenses and Other Current Assets (Details) - Schedule of analysis of the allowance for doubtful accounts ¥ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Schedule of analysis of the allowance for doubtful accounts [Abstract]
Balance, beginning of year
Additions				20
Write off				(20)
Balance, end of year

Property and Equipment, Net (De

Property and Equipment, Net (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Property, Plant and Equipment [Abstract]
Depreciation expense	¥ 745	$ 117	¥ 555	¥ 655

Property and Equipment, Net (_2

Property and Equipment, Net (Details) - Schedule of property and equipment, net ¥ in Thousands, $ in Thousands	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Property, Plant and Equipment [Line Items]
Total cost	¥ 8,056	$ 1,264	¥ 7,067
Less: accumulated depreciation	(6,382)	(1,001)	(5,711)
Property and equipment, net	1,674	263	1,356
Computer and transmission equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	7,472	1,172	6,640
Furniture, fixtures and office equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	¥ 584	$ 92	¥ 427

Intangible Assets (Details)

Intangible Assets (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	¥ 4,090	$ 642	¥ 1,749	¥ 26

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets ¥ in Thousands, $ in Thousands	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
At cost:
Total cost	¥ 241,813	$ 37,946	¥ 241,487
Less: accumulated depreciation	(5,943)	(933)	(1,853)
Intangible assets, net	235,870	37,013	239,634
Trademark [Member]
At cost:
Total cost	26,956	4,230	26,718
Patent [Member]
At cost:
Total cost	122	19	33
Copyright [Member]
At cost:
Total cost	140	22	97
Software [Member]
At cost:
Total cost	6,995	1,098	6,804
License acquired [Member]
At cost:
Total cost	¥ 207,600	$ 32,577	¥ 207,835

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of estimated annual amortization expense - Dec. 31, 2021 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Schedule of estimated annual amortization expense [Abstract]
2022	¥ 4,112	$ 645
2023	4,033	633
2024	4,033	633
2025	3,501	549
2026	2,763	434
Thereafter	9,828	1,542
Total	¥ 28,270	$ 4,436

Long Term Investment (Details)

Long Term Investment (Details) - CNY (¥) ¥ in Thousands	Dec. 08, 2021	Oct. 09, 2021	Mar. 08, 2021	Aug. 17, 2021	May 27, 2021	Dec. 31, 2021	Dec. 29, 2021	Dec. 31, 2020
Long Term Investment (Details) [Line Items]
Invested amount						¥ 75,000
Equity interest amount							¥ 30,000
Shares of loss						¥ 2,998
Zhejiang Qusu Technology Co., Ltd [Member]
Long Term Investment (Details) [Line Items]
Investments amount								¥ 5,000
Equity investment percentage								1.76%
Qingdao Weilai JingChanye Investment Fund LP [Member]
Long Term Investment (Details) [Line Items]
Equity investment percentage					4.44%
Invested amount					¥ 10,000
Jiada Hexin (Beijing) Technology Co., Ltd. [Member]
Long Term Investment (Details) [Line Items]
Equity investment percentage			13.79%
Invested amount			¥ 8,000
Liujiaoshou Drink Co., Ltd., [Member]
Long Term Investment (Details) [Line Items]
Equity investment percentage	19.50%
Invested amount	¥ 2,925
Beijing Dunengmaihuo Culture Media Co., Ltd., [Member]
Long Term Investment (Details) [Line Items]
Equity investment percentage	19.00%
Invested amount	¥ 3,800
Tianjing Yieryi Technology Co., Ltd [Member]
Long Term Investment (Details) [Line Items]
Equity investment percentage				12.00%
Invested amount				¥ 30,000
Qingdao Sixiang Zhuohong Private Equity LP [Member]
Long Term Investment (Details) [Line Items]
Invested amount		¥ 150,000

Long Term Investment (Details)

Long Term Investment (Details) - Schedule of long term investment - 12 months ended Dec. 31, 2021 ¥ in Thousands, $ in Thousands		CNY (¥)		USD ($)
Long Term Investment (Details) - Schedule of long term investment [Line Items]
Balance as of January 1, 2021		¥ 5,000
Additions		129,725
Share of loss in equity method investee		(2,998)
Disposal		(30,000)
Impairment
Balance as of December 31, 2021		101,727
Equity investments accounted for using the equity method [Member]
Long Term Investment (Details) - Schedule of long term investment [Line Items]
Balance as of January 1, 2021	[1]
Additions	[1]	75,000
Share of loss in equity method investee	[1]	(2,998)
Disposal	[1]
Impairment	[1]
Balance as of December 31, 2021	[1]	72,002
Cost method investments without readily determinable fair value [Member]
Long Term Investment (Details) - Schedule of long term investment [Line Items]
Balance as of January 1, 2021		5,000	[2]	$ 785
Additions		54,725	[2]	20,356
Share of loss in equity method investee			[2]	(470)
Disposal		(30,000)	[2]	(4,708)
Impairment			[2]
Balance as of December 31, 2021		¥ 29,725	[2]	$ 15,963
[1]	On October 9, 2021, the Company signed an investment agreement to invest up to RMB 150,000 into Qingdao Sixiang Zhuohong Private Equity LP (“Qingdao LP”), which further invests in broadcaster, IT, Big Data, Artificial Intelligence and logistic industry. The Qingdao LLP is managed by two unrelated general partners (GPs). The Company, as a Limited partner, neither participate in the daily operation of Qingdao LP, nor has the exclusive rights to control the partnership meeting and investment decisions. As a result, the Company considers it has significant influence on this investment based on its voting power. As of December 31, 2021, the Company invested RMB 75,000 into Qingdao LLP and the company had shares of loss of RMB 2,998 for the year ended December 31, 2021. As of December 31, 2021, the Company did not consider there was any facts indicating the fair value of the above investments was less than it carrying value.
[2]	Investments of RMB 5,000 held by the Company as of December 31, 2020 comprised of 1.76% equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. In the past, the Company hold the equity interest in QS through a LP fund (“Zhengrui”). Through a restructure completed on December 25, 2020, the Company directly owns the equity interest in QS. The Company invested RMB 10,000 for 4.44% equity interest in Qingdao Weilai JingChanye Investment Fund LP (“QD”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. The Company invested RMB 8,000 for 13.79% equity interest in Jiada Hexin (Beijing) Technology Co., Ltd. (“Jiada”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. The Company invested RMB 2,925 for 19.50% equity interest in Liujiaoshou Drink Co., Ltd., in which the Company does not have significant influence and such investment do not have readily determinable fair values. The Company invested RMB 3,800 for 19.00% equity interest in Beijing Dunengmaihuo Culture Media Co., Ltd., in which the Company does not have significant influence and such investment do not have readily determinable fair values. The Company invested RMB 30,000 in Tianjing Yieryi Technology Co., Ltd (“TJ YEY”) for its 12% equity interest on August 17, 2021. As part of the Framework Agreement signed on December 29, 2021 (Note 17), one of the shareholders of Yieryi bought such equity interest back from the Company for RMB 30,000.

Long Term Deposits and Other _3

Long Term Deposits and Other Assets (Details) - Schedule of long term deposits and other assets ¥ in Thousands, $ in Thousands	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Schedule of long term deposits and other assets [Abstract]
Rent deposits	¥ 418	$ 66	¥ 572
Advertising deposits	734	115	810
Long term deposits and other assets	¥ 1,152	$ 181	¥ 1,382

Income Taxes (Details)

Income Taxes (Details)	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Income Taxes (Details) [Line Items]
Tax percentage	3.20%	3.20%	4.00%	4.30%
Statutory rate percentage	25.00%	25.00%	25.00%	25.00%
Income tax law, description	Under the PRC Income Tax Laws, an enterprise which qualifies as a High and New Technology Enterprise (“the HNTE”) is entitled to a preferential tax rate of 15% provided it continues to meet HNTE qualification standards on an annual basis. SG qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2024. HX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. LH qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2016 to 2022. CX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of CX expired in July 2021. Under the PRC Income Tax Laws, during the period from January 1, 2010 to December 31, 2020, an enterprise which established in region of Holgus X and Kashgar Times is entitled to a preferential tax rate of 0% in five consecutive years since the first-year income generated from operations provided it continues to meet the conditions within the required scope. Holgus X qualifies for the conditions and entitled for tax-exempt from 2017 to 2021. Kashgar Times qualifies for the conditions and entitled for tax-exempt from 2016 to 2020. Holgus H qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. Kashgar Lehong qualifies for the conditions and entitled for tax-exempt from 2020 to 2025.	Under the PRC Income Tax Laws, an enterprise which qualifies as a High and New Technology Enterprise (“the HNTE”) is entitled to a preferential tax rate of 15% provided it continues to meet HNTE qualification standards on an annual basis. SG qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2024. HX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. LH qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2016 to 2022. CX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of CX expired in July 2021. Under the PRC Income Tax Laws, during the period from January 1, 2010 to December 31, 2020, an enterprise which established in region of Holgus X and Kashgar Times is entitled to a preferential tax rate of 0% in five consecutive years since the first-year income generated from operations provided it continues to meet the conditions within the required scope. Holgus X qualifies for the conditions and entitled for tax-exempt from 2017 to 2021. Kashgar Times qualifies for the conditions and entitled for tax-exempt from 2016 to 2020. Holgus H qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. Kashgar Lehong qualifies for the conditions and entitled for tax-exempt from 2020 to 2025.
Preferential tax rate	¥ 34,561,000	$ 5,423,000	¥ 39,876,000	¥ 33,227,000
Hong Kong [Member]
Income Taxes (Details) [Line Items]
Tax percentage	16.50%	16.50%
Corporate Income Tax [Member]
Income Taxes (Details) [Line Items]
Statutory rate percentage	25.00%	25.00%
Basic EPS [Member]
Income Taxes (Details) [Line Items]
Preferential tax rate	¥ 1,100	$ 200	1,700	1,700
Dilutive EPS [Member]
Income Taxes (Details) [Line Items]
Preferential tax rate	¥ 1,100	$ 200	¥ 1,500	¥ 1,700

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of income tax expenses ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Schedule of income tax expenses [Abstract]
Current income tax expense	¥ 5,285	$ 829	¥ 5,459	¥ 6,814
Deferred income tax expense (benefit)	319	50	1,945	(191)
Income tax expenses	¥ 5,604	$ 879	¥ 7,404	¥ 6,623

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of reconciliation of differences between the statutory tax rate and the effective tax rate	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of reconciliation of differences between the statutory tax rate and the effective tax rate [Abstract]
Income tax computed at PRC statutory tax rate	25.00%	25.00%	25.00%
Effect of tax-preferential entities	(23.20%)	(22.20%)	(21.20%)
Non-deductible expenses	1.20%	1.20%	0.50%
Income tax expense	3.20%	4.00%	4.30%

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of components of deferred taxes ¥ in Thousands, $ in Thousands	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Deferred tax assets:
Allowance for doubtful accounts	¥ 171	$ 27	¥ 633
Net operating losses carried forward	4,181	656	5,021
Total	¥ 4,352	$ 683	¥ 5,654

Income Taxes (Details) - Sche_4

Income Taxes (Details) - Schedule of components of deferred liabilities ¥ in Thousands, $ in Thousands	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Deferred tax liabilities
Intangible assets acquired through acquisition	¥ 58,746	$ 9,219	¥ 59,729
Total	¥ 58,746	$ 9,219	¥ 59,729

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship	12 Months Ended
	Dec. 31, 2021
Mr. He Xiaowu [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Chief Executive Officer and Chairman of the Board
Sixiang Times (Beijing) Technology Co., Ltd [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Where the Company’s executive is one of the major shareholders
Beijing Junwei Technology Co., Ltd.[Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Controlling shareholder of SG and HX
Beijing WanPu Century Technology Co Ltd [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Subsidiary company of Beijing NQ Mobile Inc., which was holding company of Sixiang Times (Beijing) Technology Co., Ltd
Lavacano Holdings Limited [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Where Mr. He Xiaowu acted as director
ENMOLI INC [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Where Mr. He Xiaowu acted as director
Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Controlled by a direct relative of CEO

Related Party Balances and Tr_4

Related Party Balances and Transactions (Details) - Schedule of significant related party transactions ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Beijing WanPu Century Technology Co Ltd [Member]
Related Party Transaction [Line Items]
Market promotion expenses				¥ 16
Sixiang Times (Beijing) Technology Co., Ltd. [Member]
Related Party Transaction [Line Items]
Rental and service fees	531	83	2,106	986
ENMOLI INC [Member]
Related Party Transaction [Line Items]
Interest expense	480	75
Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) [Member]
Related Party Transaction [Line Items]
Interest income	¥ 462	$ 72

Related Party Balances and Tr_5

Related Party Balances and Transactions (Details) - Schedule of amount due from or due to related parties ¥ in Thousands, $ in Thousands		Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Related Party Balances and Transactions (Details) - Schedule of amount due from or due to related parties [Line Items]
Amount due from related parties		¥ 1,059	$ 166	¥ 7
Lavacano Holdings Limited [Member
Related Party Balances and Transactions (Details) - Schedule of amount due from or due to related parties [Line Items]
Amount due from related parties		7	1	¥ 7
Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership) [Member]
Related Party Balances and Transactions (Details) - Schedule of amount due from or due to related parties [Line Items]
Amount due from related parties	[1]	¥ 1,052	$ 165
[1]	The balance represented loan receivable balance from Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partnership). The loan was interest free and due on December 31, 2022.

Shareholders' Equity (Details)

Shareholders' Equity (Details)

May 07, 2020shares

Feb. 08, 2019CNY (¥)shares

Feb. 08, 2019USD ($)shares

Dec. 31, 2021USD ($)$ / sharesshares

Dec. 31, 2020CNY (¥)shares

Dec. 31, 2019CNY (¥)shares

Dec. 31, 2018CNY (¥)

Dec. 31, 2021CNY (¥)shares

Dec. 31, 2021USD ($)$ / sharesshares

Dec. 31, 2019USD ($)shares

Dec. 31, 2018USD ($)

Jul. 31, 2018CNY (¥)

Shareholders' Equity (Details) [Line Items]

Ordinary stock, shares issued

108,230

108,230

Convertible promissory note

¥ 4,038,000

$ 619,000

Converted ordinary shares

63,250

Conversion price (in Dollars per share) | $ / shares

$ 5

SPAC Transaction, description

Prior to the closing of the SPAC Transaction, the Company issued 533,000 Class A ordinary shares to the financial advisors and underwriter with fair value of RMB18,713 (US$ 2,868) based on share price of U$5.0 per ordinary share at the time of the transaction.

Original shareholders, percentage

70.00%

Total cash equivalent (in Yuan Renminbi) | ¥

175,000,000

Average closing price term

15 days

Fair value amount

¥ 175,000,000

26,800,000

Gross proceeds Amount (in Dollars) | $

$ 664,670

Annual general meeting of shareholders description

(i) the adoption of a dual-class share structure, pursuant to which the Company’s authorized share capital shall be re-classified and re-designed into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one (1) vote and each Class B ordinary share being entitled to ten (10) votes at a meeting of the shareholders or on any resolution of shareholders; and (ii) the authorization to the Company to issue up to 50,000,000 Class A Preferred Shares with such designations, powers, preferences and relative, participation, optional and other rights, if any, and such qualifications, limitations and restrictions as the directors may determine among other matters. Additionally, together with the adoption of a dual-class share structure, 2,625,058 Class A ordinary shares held by Heshine Holdings Limited have been converted into 2,626,058 Class B ordinary shares.

Warrants issued exercised shares

96,300

96,300

Warrants outstanding exercised shares

96,300

96,300

Warrants expiration date

Feb. 4, 2024

Feb. 4, 2024

Warrants exercisable, shares

3,011,850

3,011,850

Weighted average life

2 years 1 month 6 days

Unit purchase option, description

the Company sold to Chardan, for $100, an option to purchase up to 375,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $4,312,500) exercisable on the completion of the SPAC Transaction on May 7, 2020. On February 20, 2019, in connection with the underwriters’ election to exercise the over-allotment option in full, the Company issued Chardan an option to purchase up to an additional 56,250 Units exercisable at $11.50 per Unit for no additional consideration. Each Unit consists of one ordinary share, one redeemable warrant and one right (together “UPO”). The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires February 5, 2024. For the year ended December 31, 2021, 100,000 UPO have been exercised for 110,000 shares. As of December 31, 2021, the Company had UPO units exercisable for 530,000 Class A ordinary shares with weighted average life of 2.1 years and expiring on February 5, 2024.

the Company sold to Chardan, for $100, an option to purchase up to 375,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $4,312,500) exercisable on the completion of the SPAC Transaction on May 7, 2020. On February 20, 2019, in connection with the underwriters’ election to exercise the over-allotment option in full, the Company issued Chardan an option to purchase up to an additional 56,250 Units exercisable at $11.50 per Unit for no additional consideration. Each Unit consists of one ordinary share, one redeemable warrant and one right (together “UPO”). The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires February 5, 2024. For the year ended December 31, 2021, 100,000 UPO have been exercised for 110,000 shares. As of December 31, 2021, the Company had UPO units exercisable for 530,000 Class A ordinary shares with weighted average life of 2.1 years and expiring on February 5, 2024.

Receipt of cash payament (in Dollars) | $

$ 100

Unit purchase option (in Dollars) | $

$ 1,286,000

Expected volatility, percentage

35.00%

Rsk-free interest rate, percentage

2.44%

Expected life

5 years

Dividend declared

¥ 104,590

¥ 228,500

$ 15,023

$ 33,200

¥ 333,090

Capital distribution (in Yuan Renminbi) | ¥

¥ 32,328

Earn-out liability, description

As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB128,119 as shares to be issued in the equity of the Company.

As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company.

Warrant [Member]

Shareholders' Equity (Details) [Line Items]

Warrants outstanding and exercisable (in Dollars) | $

$ 6,020,000

Warrants, description

The Public Warrants became exercisable upon the completion of the SPAC Transaction on May 7, 2020 with exercise price of US$11.5 per full share. The Public Warrants will expire five years from February 5, 2019 (or February 5, 2024).

Warrants per share price (in Dollars per share) | $ / shares

$ 0.01

Exercise price (in Dollars per share) | $ / shares

$ 11.5

Warrants expiration date

Feb. 4, 2024

Feb. 4, 2024

Initial Public Offering [Member]

Shareholders' Equity (Details) [Line Items]

Ordinary stock, shares issued

402,983

402,983

Converted ordinary shares

602,000

Deferred underwriting commission

¥ 14,131,000

$ 2,166,000

Public warrants, shares

5,750,000

Private Placement [Member]

Shareholders' Equity (Details) [Line Items]

Private warrants, shares

270,000

Warrant [Member]

Shareholders' Equity (Details) [Line Items]

Ordinary per share price (in Dollars per share) | $ / shares

$ 16.5

Class B Ordinary Shares [Member]

Shareholders' Equity (Details) [Line Items]

Ordinary stock, shares authorized

2,925,058

2,925,058

Ordinary stock, shares issued

2,625,058

2,625,058

Class A Ordinary Shares [Member]

Shareholders' Equity (Details) [Line Items]

Ordinary stock, shares authorized

2,925,058

2,925,058

Ordinary stock, shares issued

27,037,302

28,219,583

28,219,583

Ordinary stock, shares outstanding

2,625,058

2,625,058

Common Stock [Member]

Shareholders' Equity (Details) [Line Items]

Ordinary stock, shares issued

2,461,983

19,400,000

19,400,000

2,461,983

Ordinary stock, shares outstanding

2,249,350

2,461,983

2,461,983

Redemption of ordinary shares

212,633

Earn-out consideration shares

3,000,000

3,000,000

Business Combination [Member]

Shareholders' Equity (Details) [Line Items]

Per share price (in Dollars per share) | $ / shares

$ 2.98

BeeLive [Member]

Shareholders' Equity (Details) [Line Items]

Ordinary stock, shares issued

3,786,719

3,786,719

Total cash equivalent (in Yuan Renminbi) | ¥

¥ 250,000,000

BeeLive [Member] | Business Combination [Member]

Shareholders' Equity (Details) [Line Items]

Per share price (in Dollars per share) | $ / shares

$ 6.68

Shareholders' Equity (Details)

Shareholders' Equity (Details) - Schedule of warrants activity $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares
Schedule of warrants activity [Abstract]
Public warrants assumed from Wealthbridge’s initial Public Offering on February 5,2019	5,750,000
Private warrants assumed from Wealthbridge’s private placement on February 5,2019	270,000
Balance of warrants outstanding as of December 31, 2020	6,020,000
Balance of warrants outstanding as of December 31, 2020	3 years 1 month 6 days
Balance of warrants outstanding as of December 31, 2020	Feb. 4, 2024
Additional warrants upon exercise of UPO (in Dollars) | $	$ 100,000
Exercised	(96,300)
Balance of warrants outstanding as of December 31, 2021	6,023,700
Balance of warrants exercisable as of December 31, 2020	6,023,700
Balance of warrants exercisable as of December 31, 2020	2 years 1 month 6 days
Balance of warrants exercisable as of December 31, 2020	Feb. 4, 2024

Statutory Reserves And Restri_2

Statutory Reserves And Restricted Net Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Restrictions for Consolidated and Unconsolidated Subsidiaries [Abstract]
Percentage of after tax profit, transferred annually by PRC subsidiaries to general reserve fund	10.00%	10.00%
Annual after-tax profit to the general reserve, percentage	50.00%	50.00%
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	¥ 31,775	$ 4,986	¥ 18,352
Restricted net assets	¥ 240,092	$ 37,676	¥ 196,090

Commitments and Contingencies_2

Commitments and Contingencies (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Commitments and Contingencies Disclosure [Abstract]
Rental expense under operating leases	¥ 5,424	$ 851	¥ 5,221	¥ 1,855

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of future minimum lease payments under non-cancelable operating - Dec. 31, 2021 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Schedule of future minimum lease payments under non-cancelable operating [Abstract]
2022	¥ 4,815	$ 756
2023	4,395	690
2024	4,374	686
2025	365	57
Total	¥ 13,949	$ 2,189

Condensed Financial Informati_3

Condensed Financial Information of The Parent Company (Details) - Schedule of balance sheets - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2021USD ($)
Current assets
Cash and cash equivalents	¥ 373		¥ 183	$ 59
Prepaid expenses and other current assets	1,317		392	207
Amounts due to subsidiaries	25,995		236,403	4,079
Total current assets	27,685		236,978	4,345
Non-current assets
Investments in subsidiaries and consolidated VIE	805,136		359,394	126,343
TOTAL ASSETS	832,821		596,372	130,688
Current liabilities
Accrued expenses and other current liabilities	2,414			379
Warrant liabilities	10,324	$ 1,620	29,558
Current portion of contingent consideration – earn-out liability	10,638		92,183	1,669
Total current liabilities	23,376		121,741	3,668
Non-current liabilities
Contingent consideration – earn-out liability			15,116
Total liabilities	23,376		136,857	3,668
Shareholders’ equity
Class A ordinary shares	140,196		(96,349)	22,000
Class B ordinary shares	13,041			2,046
Shares to be issued	128,119		200,100	20,105
Statutory reserves	31,775		18,352	4,986
Retained earnings	479,199		322,610	75,197
Accumulated other comprehensive income	17,115		14,802	2,686
Total shareholder’s equity	809,445		459,515	127,020
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	¥ 832,821		¥ 596,372	$ 130,688

Condensed Financial Informati_4

Condensed Financial Information of The Parent Company (Details) - Schedule of statements of income - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Condensed Statement of Income Captions [Line Items]
Equity income of subsidiaries	¥ 267,436	$ 41,967	¥ 184,869	¥ 149,918
General administrative expense and others	33,473	5,252	1,395
Research and development expenses	13,946	2,188
Change in fair value of warrant liabilities	16,421	2,577	3,904
Change in fair value of contingent consideration	33,584	5,270	(14,068)
Net income	170,012	26,680	176,100	149,918
Other comprehensive income - foreign currency translation adjustment	2,313	363	14,802
Comprehensive income attributable to the Company’s shareholders	¥ 172,325	$ 27,043	¥ 190,902	¥ 149,918

Condensed Financial Informati_5

Condensed Financial Information of The Parent Company (Details) - Schedule of statements of cash flows - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Cash flows from operating activities
Net income	¥ 170,012	$ 26,680	¥ 176,100	¥ 149,918
Equity in earning of subsidiaries	(267,436)	(41,967)	(184,869)	(149,918)
Change in fair value of warrant liabilities	16,421	2,577	(3,904)
Change in fair value of contingent consideration	33,584	5,270	14,068
Share Based Compensation	31,857	4,999
Changes in operating assets and liabilities
Prepaid expense and other current assets	(925)	(145)	(392)
Accrued expenses and other current liabilities	2,414	379
Net cash provided by operating activities	(14,073)	(2,207)	1,003
Cash flows from investing activities
Proceeds from subsidiaries				136,953
Net cash provided by investing activities				136,953
Cash flows from financing activities
Dividends distribution to shareholders				(104,590)
Capital distribution due to reorganization				(32,328)
Due to related parties	14,263	2,237	(26,590)
Net cash acquired in the reverse recapitalization			32,659
Payment of listing costs			(6,924)
Net cash used in financing activities	14,263	2,237	(855)	(136,918)
Net increase in cash and cash equivalents	190	30	148	35
Cash and cash equivalents at beginning of the year	183	29	35
Cash and cash equivalents at end of the year	¥ 373	$ 59	¥ 183	¥ 35

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended		12 Months Ended
	Dec. 29, 2021CNY (¥)	Dec. 29, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2021USD ($)	Dec. 29, 2021USD ($)	May 07, 2020
Subsequent Events (Details) [Line Items]
Aggregate consideration amount			¥ 280,000,000	$ 43,800,000
Aggregate consideration cash amount	¥ 100,000		¥ 100,000,000				$ 15,692
Description of framework agreement			the outstanding loans of Yieryi in an aggregate amount of RMB77.4 million (approximately US$12.1 million) and (ii) a third-party loan incurred by Weiliantong in an amount of RMB8.8 million (approximately US$1.4 million). The shares consideration consists of RMB20.8 million (approximately US$3.3 million) in the Company’s Class A ordinary shares to be issued to Weilaijin, a shareholder of Yieryi, and RMB159.2 million (approximately US$24.9 million) in the Company’s Class A ordinary shares to be issued to Wolter Global	the outstanding loans of Yieryi in an aggregate amount of RMB77.4 million (approximately US$12.1 million) and (ii) a third-party loan incurred by Weiliantong in an amount of RMB8.8 million (approximately US$1.4 million). The shares consideration consists of RMB20.8 million (approximately US$3.3 million) in the Company’s Class A ordinary shares to be issued to Weilaijin, a shareholder of Yieryi, and RMB159.2 million (approximately US$24.9 million) in the Company’s Class A ordinary shares to be issued to Wolter Global
Shareholders transaction pay amount | ¥					¥ 175,000,000
Common Class A [Member]
Subsequent Events (Details) [Line Items]
Aggregate consideration amount			¥ 180,000,000	$ 28,200,000
Aggregate consideration cash amount | $						$ 15,600,000
Yieryi [Member]
Subsequent Events (Details) [Line Items]
Aggregate consideration cash amount			¥ 13,800,000			$ 2,200,000
Shareholders transaction pay amount	¥ 30,000,000	$ 4,700,000
Equity interest rate	12.00%						12.00%
Business Combination [Member]
Subsequent Events (Details) [Line Items]
Percentage of acquire	100.00%		100.00%			100.00%	100.00%	100.00%