Condensed Consolidated Statements of Income and Comprehensive Income ¥ in Thousands, $ in Thousands | 12 Months Ended |
Dec. 31, 2022 CNY (¥) ¥ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 CNY (¥) ¥ / shares shares |
Statement of Comprehensive Income [Abstract] | | | |
Live streaming - consumable virtual items revenue | ¥ 1,886,179 | $ 273,470 | ¥ 1,617,056 |
Live streaming - time based virtual item revenue | 27,683 | 4,014 | 32,905 |
Technical services and others | 39,395 | 5,712 | 19,397 |
Total revenue | 1,953,257 | 283,196 | 1,669,358 |
Cost of revenues | (1,670,068) | (242,137) | (1,364,902) |
Gross profit | 283,189 | 41,059 | 304,456 |
Sales and marketing expenses | (2,127) | (308) | (4,807) |
General and administrative expenses | (61,005) | (8,845) | (65,233) |
Research and development expenses | (67,538) | (9,792) | (70,039) |
(Provision for) recovery of doubtful accounts | (2,739) | (397) | 1,592 |
Income from operations | 149,780 | 21,717 | 165,969 |
Interest income, net | 2,506 | 363 | 3,962 |
Other income (loss), net | 11,443 | 1,659 | (90) |
Foreign exchange gain (loss), net | (1,493) | (216) | 105 |
Change in fair value of investment | 1,760 | 255 | 25,831 |
Change in fair value of warrant liabilities | 10,776 | 1,562 | 16,421 |
Investments income (loss) | 25,449 | 3,690 | (2,998) |
Change in fair value of contingent consideration | 13,071 | 1,895 | (33,584) |
Income before income taxes | 213,292 | 30,925 | 175,616 |
Income tax expense | (18,067) | (2,619) | (5,604) |
Net income | 195,225 | 28,306 | 170,012 |
Less: net income attributable to noncontrolling interest | 1,892 | 274 | |
Net income attributable to the Company’s shareholders | 193,333 | 28,032 | 170,012 |
Other comprehensive income - foreign currency translation adjustment | 955 | 138 | 2,313 |
Comprehensive income | 196,180 | 28,444 | 172,325 |
Less: comprehensive income attributable to non-controlling interests | 1,892 | 274 | |
Comprehensive income attributable to the Company’s shareholders | ¥ 194,288 | $ 28,170 | ¥ 172,325 |
Basic (in Shares) | 39,263,147 | 39,263,147 | 30,842,183 |
Diluted (in Shares) | 39,263,147 | 39,263,147 | 30,842,183 |
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 4.92 | $ 0.71 | ¥ 5.51 |
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 4.92 | $ 0.71 | ¥ 5.51 |
Net income attributable to the Company’s shareholders | ¥ 193,333 | $ 28,032 | ¥ 170,012 |
Change in fair value of contingent consideration | 13,071 | 1,895 | (33,584) |
Change in fair value of warrants liability | 10,776 | 1,562 | 16,421 |
Share based compensation | (11,954) | (1,733) | (31,857) |
Adjusted net income attributable to the Company’s shareholders* | ¥ 181,440 | $ 26,308 | ¥ 219,032 |
Adjusted net income per ordinary share | | | |
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 4.62 | $ 0.67 | ¥ 7.1 |
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 4.62 | $ 0.67 | ¥ 7.1 |