2023 Q4 Form 20-F Financial Statement

#000149315224016957 Filed on April 29, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $1.474B $207.6M $766.6M
YoY Change 92.28% -72.92% 17.53%
Cost Of Revenue $1.055B $148.7M $551.4M
YoY Change 91.41% -73.04% 16.53%
Gross Profit $418.6M $58.95M $215.2M
YoY Change 94.5% -72.61% 20.16%
Gross Profit Margin 28.4% 28.4% 28.07%
Selling, General & Admin $193.3M $27.22M $103.7M
YoY Change 86.38% -73.75% 44.58%
% of Gross Profit 46.18% 46.18% 48.19%
Research & Development $157.5M $22.19M $79.87M
YoY Change 97.25% -72.22% 13.7%
% of Gross Profit 37.64% 37.64% 37.11%
Depreciation & Amortization $607.0K $3.346M
YoY Change -81.86%
% of Gross Profit 1.03% 1.55%
Operating Expenses $350.8M $49.41M $183.6M
YoY Change 91.11% -73.08% 29.3%
Operating Profit $67.72M $9.539M $31.62M
YoY Change 114.14% -69.84% -14.79%
Interest Expense -$893.0K $919.0K $63.00K
YoY Change -1517.46% 1358.73% -192.65%
% of Operating Profit -1.32% 9.63% 0.2%
Other Income/Expense, Net $3.478M $364.0K $4.130M
YoY Change -15.79% -91.19% 64.28%
Pretax Income $70.30M $70.30M $35.82M
YoY Change 96.28% 96.28% -9.46%
Income Tax -$7.880M -$7.880M -$595.0K
% Of Pretax Income -11.21% -11.21% -1.66%
Net Earnings $77.67M $77.67M $33.24M
YoY Change 133.69% 133.69% -11.64%
Net Earnings / Revenue 5.27% 37.41% 4.34%
Basic Earnings Per Share $0.99
Diluted Earnings Per Share $0.98 $0.99 $0.42
COMMON SHARES
Basic Shares Outstanding 78.06M shares 78.06M shares
Diluted Shares Outstanding 78.06M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.12M $30.12M $48.48M
YoY Change -37.86% -37.86%
Cash & Equivalents $4.243M $30.12M $48.47M
Short-Term Investments $0.00 $0.00 $4.000K
Other Short-Term Assets $173.1M $173.1M $44.51M
YoY Change 288.82% 288.82%
Inventory
Prepaid Expenses
Receivables $28.14M $28.14M $102.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $32.58M $231.3M $195.8M
YoY Change -83.36% 18.18%
LONG-TERM ASSETS
Property, Plant & Equipment $48.30M $48.38M $41.28M
YoY Change 17.0% 17.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.10M $12.10M $4.222M
YoY Change 186.67% 186.67%
Total Long-Term Assets $8.520M $60.49M $45.50M
YoY Change -81.28% 32.93%
TOTAL ASSETS
Total Short-Term Assets $32.58M $231.3M $195.8M
Total Long-Term Assets $8.520M $60.49M $45.50M
Total Assets $41.10M $291.8M $241.3M
YoY Change -82.96% 20.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.960M $35.22M $86.98M
YoY Change -94.3% -59.51%
Accrued Expenses $530.0K $2.435M $2.461M
YoY Change -78.46% -1.06%
Deferred Revenue $13.55M $24.71M
YoY Change -45.15%
Short-Term Debt $39.38M $39.38M $5.921M
YoY Change 565.11% 565.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.41M $95.23M $123.4M
YoY Change -89.13% -22.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $86.00K
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $86.00K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.41M $95.23M $123.4M
Total Long-Term Liabilities $0.00 $86.00K
Total Liabilities $13.41M $97.68M $125.4M
YoY Change -89.3% -22.1%
SHAREHOLDERS EQUITY
Retained Earnings $8.597M -$8.753M
YoY Change -198.22%
Common Stock $3.000K $3.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.34M $194.1M $115.9M
YoY Change
Total Liabilities & Shareholders Equity $41.10M $291.8M $241.3M
YoY Change -82.96% 20.96%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $77.67M $77.67M $33.24M
YoY Change 133.69% 133.69% -11.64%
Depreciation, Depletion And Amortization $607.0K $3.346M
YoY Change -81.86%
Cash From Operating Activities -$5.128M -$15.12M
YoY Change -66.08%
INVESTING ACTIVITIES
Capital Expenditures $12.10M $13.73M
YoY Change -11.86%
Acquisitions
YoY Change
Other Investing Activities $4.000K $30.55M
YoY Change -99.99%
Cash From Investing Activities -$1.703M $16.82M
YoY Change -110.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.143M 3.418M
YoY Change 21.21%
NET CHANGE
Cash From Operating Activities -$5.128M -15.12M
Cash From Investing Activities -$1.703M 16.82M
Cash From Financing Activities $4.143M 3.418M
Net Change In Cash -$2.689M 5.117M
YoY Change -152.55%
FREE CASH FLOW
Cash From Operating Activities -$5.128M -$15.12M
Capital Expenditures $12.10M $13.73M
Free Cash Flow -$17.23M -$28.85M
YoY Change -40.28%

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MinorityInterest
1936000
CY2023Q4 us-gaap Minority Interest
MinorityInterest
2449000
CY2023Q4 us-gaap Minority Interest
MinorityInterest
345000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
117793000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
196592000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27689000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
241252000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
291822000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
41101000 usd
CY2021 us-gaap Revenues
Revenues
652245000
CY2022 us-gaap Revenues
Revenues
766571000
CY2023 us-gaap Revenues
Revenues
1473958000
CY2023 us-gaap Revenues
Revenues
207603000 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
473153000
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
551373000
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
1055406000
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
148651000 usd
CY2021 us-gaap Gross Profit
GrossProfit
179092000
CY2022 us-gaap Gross Profit
GrossProfit
215198000
CY2023 us-gaap Gross Profit
GrossProfit
418552000
CY2023 us-gaap Gross Profit
GrossProfit
58952000 usd
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
33304000
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
55974000
CY2023 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
84917000
CY2023 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11960000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38428000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47733000
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
108376000
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15264000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
70246000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
79868000
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
157543000
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22189000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
141978000
CY2022 us-gaap Operating Expenses
OperatingExpenses
183575000
CY2023 us-gaap Operating Expenses
OperatingExpenses
350836000
CY2023 us-gaap Operating Expenses
OperatingExpenses
49413000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
37114000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
31623000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
67716000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
9539000 usd
CY2021 LGCL Financial Income Expenses Net
FinancialIncomeExpensesNet
-68000
CY2022 LGCL Financial Income Expenses Net
FinancialIncomeExpensesNet
63000
CY2023 LGCL Financial Income Expenses Net
FinancialIncomeExpensesNet
-893000
CY2023 LGCL Financial Income Expenses Net
FinancialIncomeExpensesNet
-126000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2514000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4130000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3478000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
490000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2446000
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4193000
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2585000
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
364000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
39560000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35816000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70301000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9903000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-243000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-595000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7880000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1110000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
39803000
CY2022 us-gaap Profit Loss
ProfitLoss
36411000
CY2023 us-gaap Profit Loss
ProfitLoss
78181000
CY2023 us-gaap Profit Loss
ProfitLoss
11013000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
294000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
269000
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
513000
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
72000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
39509000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
36142000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
77668000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
10941000 usd
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
568000
CY2021 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
1325000
CY2022 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2906000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37616000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33236000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
77668000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10941000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
39803000
CY2022 us-gaap Profit Loss
ProfitLoss
36411000
CY2023 us-gaap Profit Loss
ProfitLoss
78181000
CY2023 us-gaap Profit Loss
ProfitLoss
11013000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-81000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
148000
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
39722000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
36559000
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
78182000
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
11013000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
294000
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
269000
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
513000
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
72000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
39428000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
36290000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
77669000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10941000 usd
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78063300 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78063300 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78063300 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78063300 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78063300 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78063300 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78063300 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78063300 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-68599000
CY2021 us-gaap Profit Loss
ProfitLoss
39803000
CY2021 LGCL Deemed Dividend Under Modification
DeemedDividendUnderModification
-568000
CY2021 LGCL Accretion Of Subsidiarys Redeemable Preferred Shares To Redemption Value
AccretionOfSubsidiarysRedeemablePreferredSharesToRedemptionValue
-1325000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-81000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-30770000
CY2022 us-gaap Profit Loss
ProfitLoss
36411000
CY2022 LGCL Accretion Of Subsidiarys Redeemable Preferred Shares To Redemption Value
AccretionOfSubsidiarysRedeemablePreferredSharesToRedemptionValue
-2906000
CY2022 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
114910000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
148000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
117793000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
117793000
CY2023 us-gaap Profit Loss
ProfitLoss
78181000
CY2023 LGCL Cumulative Effect Period Of Adoption Accounting Standard Update
CumulativeEffectPeriodOfAdoptionAccountingStandardUpdate
617000
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
196592000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
196592000
CY2021 us-gaap Profit Loss
ProfitLoss
39803000
CY2022 us-gaap Profit Loss
ProfitLoss
36411000
CY2023 us-gaap Profit Loss
ProfitLoss
78181000
CY2023 us-gaap Profit Loss
ProfitLoss
11013000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1526000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3346000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4308000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
607000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
647000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
700000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
99000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5264000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
91000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11713000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1650000 usd
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
133000
CY2022 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
500000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22901000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
44918000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-63697000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8972000 usd
CY2021 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
59617000
CY2022 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-20548000
CY2023 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
125425000
CY2023 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
17666000 usd
CY2021 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-21000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
42000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1457000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
13000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2000 usd
CY2021 LGCL Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
702000
CY2022 LGCL Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
616000
CY2023 LGCL Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
7880000
CY2023 LGCL Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
1110000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
60126000
CY2022 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-16087000
CY2023 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-51767000
CY2023 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-7291000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
34381000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9828000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-11154000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1571000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
454000
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-393000
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6000
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1000 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
1624000
CY2022 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
191000
CY2023 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
940000
CY2023 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
132000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-222000
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-742000
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-105000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
821000
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-2333000
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1040000
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
145000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60625000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15120000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-36408000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5128000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
24137000
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13729000
CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12101000
CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1704000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
26802000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
82280000
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
4000
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
1000 usd
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
50647000
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
52232000
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
133000
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
500000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47849000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
16819000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12097000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1703000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
9089000
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
63256000
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
8909000 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
3168000
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
29796000
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
4197000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2503000
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4038000
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
569000 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
26500000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26500000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3418000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29422000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4143000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-81000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
148000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
39195000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5265000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19091000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2689000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4854000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44049000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49314000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6946000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44049000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49314000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
30223000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4257000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
415000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
30000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
919000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
129000 usd
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
568000
CY2021 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
1325000
CY2022 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2906000
CY2022 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
114910000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1430000
CY2023Q2 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
the Company’s board of directors approved to effect a one-for-two stock split of its ordinary shares (the “Stock Split”). As a result of the Stock Split, each ordinary share of US$0.00001 was automatically split to two issued and outstanding ordinary shares with par value of US$0.000005 each without any action on the part of the shareholder.
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zfd0pgKO1nne" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(b)</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zx4FIHvhczo3">Use of estimates</span></b></span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported periods in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but not limited to, the allowance for doubtful accounts receivable, useful life of software and equipment, the realization of deferred income tax assets, and valuation of redeemable preferred shares. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.00
CY2023Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.0999 pure
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
841000
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
100000
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
133000
CY2022 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
500000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
102762000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
28144000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16842000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23594000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
24706000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
13552000
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
662000
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1021000
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1326000
CY2023 LGCL Income Taxes Examination Description
IncomeTaxesExaminationDescription
The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB100 ($14.5). In the case of transfer pricing issues, the statute of limitation is ten years.
CY2023 LGCL Value Added Tax Percentage For Services
ValueAddedTaxPercentageForServices
0.06 pure
CY2021 LGCL Profit Appropriation To General Reserve Fund And Statutory Surplus
ProfitAppropriationToGeneralReserveFundAndStatutorySurplus
4497000
CY2022 LGCL Profit Appropriation To General Reserve Fund And Statutory Surplus
ProfitAppropriationToGeneralReserveFundAndStatutorySurplus
4800000
CY2023 LGCL Profit Appropriation To General Reserve Fund And Statutory Surplus
ProfitAppropriationToGeneralReserveFundAndStatutorySurplus
8491000
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
4000
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
133000
CY2022 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
500000
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
119604000
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
51738000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16842000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23594000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
102762000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
28144000
CY2021 LGCL Allowance For Credit Loss
AllowanceForCreditLoss
5264000
CY2022 LGCL Allowance For Credit Loss
AllowanceForCreditLoss
91000
CY2023 LGCL Allowance For Credit Loss
AllowanceForCreditLoss
11539000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4170000
CY2022Q4 LGCL Prepayment For Technology Outsourcing Service
PrepaymentForTechnologyOutsourcingService
12046000
CY2023Q4 LGCL Prepayment For Technology Outsourcing Service
PrepaymentForTechnologyOutsourcingService
94269000
CY2022Q4 LGCL Accounts Recharge For Recruitment Service
AccountsRechargeForRecruitmentService
11855000
CY2023Q4 LGCL Accounts Recharge For Recruitment Service
AccountsRechargeForRecruitmentService
60881000
CY2022Q4 LGCL Prepayment For Brand Promotion
PrepaymentForBrandPromotion
12294000
CY2023Q4 LGCL Prepayment For Brand Promotion
PrepaymentForBrandPromotion
8738000
CY2022Q4 LGCL Other Advance To Suppliers
OtherAdvanceToSuppliers
3358000
CY2023Q4 LGCL Other Advance To Suppliers
OtherAdvanceToSuppliers
1088000
CY2023Q4 LGCL Allowance Of Credit Losses
AllowanceOfCreditLosses
-174000
CY2022Q4 us-gaap Supplies
Supplies
39553000
CY2023Q4 us-gaap Supplies
Supplies
164802000
CY2023Q4 LGCL Allowance Of Credit Losses
AllowanceOfCreditLosses
-174000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1410000
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1141000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
204000
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
485000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1614000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1626000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45852000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
57963000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5356000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9664000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40496000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48299000
CY2021 us-gaap Depreciation
Depreciation
1526000
CY2022 us-gaap Depreciation
Depreciation
3346000
CY2023 us-gaap Depreciation
Depreciation
4308000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
5921000
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
39381000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
5921000
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
39381000
CY2022 us-gaap Interest Expense
InterestExpense
30000
CY2023 us-gaap Interest Expense
InterestExpense
919000
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0427 pure
CY2023Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0389 pure
CY2023Q4 us-gaap Other Borrowings
OtherBorrowings
17221
CY2023Q4 srt Bank Loans
BankLoans
17829
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
10000000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1719000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2349000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
333000
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
139000
CY2022Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
328000
CY2023Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
826000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
348000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
452000
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2728000
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3766000
CY2020Q3 us-gaap Share Price
SharePrice
1
CY2023 us-gaap Sale Of Stock Percentage Of Ownership Before Transaction
SaleOfStockPercentageOfOwnershipBeforeTransaction
0.08 pure
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.10 pure
CY2023 LGCL Deemed Divided
DeemedDivided
568000
CY2021 LGCL Accretion Of Redeemable Preferred Shares To Redemption Value
AccretionOfRedeemablePreferredSharesToRedemptionValue
1325000
CY2022 LGCL Accretion Of Redeemable Preferred Shares To Redemption Value
AccretionOfRedeemablePreferredSharesToRedemptionValue
2906000
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
83611000
CY2021 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
24500000
CY2021 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
2000000
CY2021 LGCL Temporary Equity Accretion Of Dividend
TemporaryEquityAccretionOfDividend
568000
CY2021 us-gaap Temporary Equity Accretion Of Interest
TemporaryEquityAccretionOfInterest
1325000
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
112004000
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
112004000
CY2022 us-gaap Temporary Equity Accretion Of Interest
TemporaryEquityAccretionOfInterest
2906000
CY2022 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
114910000
CY2022Q3 us-gaap Dividends
Dividends
50000
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5000000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Shares Issued
SharesIssued
39031650 shares
CY2022Q4 us-gaap Shares Issued
SharesIssued
39031650 shares
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.00001
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.00001
CY2022Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
400
CY2022Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
400
CY2023Q2 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
the Company’s board of directors approved to effect a one-for-two stock split of its ordinary shares (the “Stock Split”). As a result of the Stock Split, each ordinary share of US$0.00001 was automatically split to two issued and outstanding ordinary shares with par value of US$0.000005 each without any action on the part of the shareholder.
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
78063300 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78063300 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
78063300 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78063300 shares
CY2022Q4 us-gaap Assets Net
AssetsNet
82790000
CY2023Q4 us-gaap Assets Net
AssetsNet
91671000
CY2021 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
From January 1, 2021 to December 31, 2021, 12.5% of the first RMB 1.0 million of the assessable profit before tax is subject to preferential tax rate of 20% and the 50% of the assessable profit before tax exceeding RMB 1.0 million but not exceeding RMB 3.0 million is subject to preferential tax rate of 20%. From January 1, 2022 to December 31, 2022, 12.5% of the first RMB 1.0 million of the assessable profit before tax is subject to preferential tax rate of 20% and the 25% of the assessable profit before tax exceeding RMB 1.0 million but not exceeding RMB 3.0 million is subject to preferential tax rate of 20%. From January 1, 2023 to December 31, 2027, 25% of the first RMB 3.0 million of the assessable profit before tax is subject to the tax rate of 20% for the Company’s subsidiaries that are qualified as “Small Profit Enterprises
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
459000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
21000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-702000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-616000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7880000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-243000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-595000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7880000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
39560000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35816000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70301000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9890000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8954000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
17575000
CY2021 LGCL Income Tax Reconciliation Impact Of Preferential Tax Rates
IncomeTaxReconciliationImpactOfPreferentialTaxRates
-5255000
CY2022 LGCL Income Tax Reconciliation Impact Of Preferential Tax Rates
IncomeTaxReconciliationImpactOfPreferentialTaxRates
-2749000
CY2023 LGCL Income Tax Reconciliation Impact Of Preferential Tax Rates
IncomeTaxReconciliationImpactOfPreferentialTaxRates
-6711000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-6417000
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-8534000
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-18676000
CY2023 LGCL Income Tax Reconciliation Effect Of True Up To Tax Return
IncomeTaxReconciliationEffectOfTrueUpToTaxReturn
258000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1497000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
7000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-6000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
22000
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
10000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
48000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1705000
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-336000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-243000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-595000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7880000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5003000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10861000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2585000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4271000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7588000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
15132000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3366000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3029000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4222000
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
12103000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1661000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3366000
CY2022 LGCL Additions Of Valuation Allowance
AdditionsOfValuationAllowance
2170000
CY2023 LGCL Additions Of Valuation Allowance
AdditionsOfValuationAllowance
1085000
CY2022 LGCL Decrease Of Valuation Allowance
DecreaseOfValuationAllowance
-465000
CY2023 LGCL Decrease Of Valuation Allowance
DecreaseOfValuationAllowance
-1422000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3366000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3029000
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
34358000
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
67797000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5003000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10861000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3366000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3029000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
39509000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
36142000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
77668000
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
568000
CY2021 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
1325000
CY2022 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2906000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37616000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33236000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
77668000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78063300 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78063300 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78063300 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78063300 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78063300 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78063300 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
784000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
84000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
742000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
86000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
828000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
86000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y29D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y2M1D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
692000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
720000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
91000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
18000
CY2022 us-gaap Lease Cost
LeaseCost
783000
CY2023 us-gaap Lease Cost
LeaseCost
738000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
86000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
86000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
86000

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