2023 Q2 Form 20-F Financial Statement

#000101376223007052 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 2022 Q2
Revenue $828.3M 3.081B cnies
YoY Change 7.44%
Cost Of Revenue $116.1M $53.99M
YoY Change -86.79%
Gross Profit $712.2M $371.0M
YoY Change -84.92%
Gross Profit Margin 85.98% 12.04%
Selling, General & Admin $611.0M $356.3M
YoY Change -85.28%
% of Gross Profit 85.79% 96.05%
Research & Development $53.60M $30.31M
YoY Change -88.92%
% of Gross Profit 7.53% 8.17%
Depreciation & Amortization $2.900M 3.714M cnies $10.59M
YoY Change -72.63% -64.95%
% of Gross Profit 0.41% 1.0%
Operating Expenses $664.7M $386.6M
YoY Change -85.65%
Operating Profit $47.50M -$15.67M
YoY Change -93.34%
Interest Expense $2.700M $14.60M
YoY Change 176.46%
% of Operating Profit 5.68%
Other Income/Expense, Net $6.200M $2.939M
YoY Change -80.43%
Pretax Income $56.40M -$11.99M
YoY Change -94.42%
Income Tax $3.700M 21.69M cnies
% Of Pretax Income 6.56%
Net Earnings $52.80M -108.5M cnies
YoY Change -58.1%
Net Earnings / Revenue 6.37% -3.52%
Basic Earnings Per Share -$1.26
Diluted Earnings Per Share $0.30 -$1.26
COMMON SHARES
Basic Shares Outstanding 103.9M shares
Diluted Shares Outstanding 103.9M shares

Balance Sheet

Concept 2023 Q2 2023 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $930.6M $930.6M
YoY Change 133.2%
Cash & Equivalents $105.4M $764.3M 266.4M cnies
Short-Term Investments $166.3M $166.3M
Other Short-Term Assets $112.4M 19.00K cnies
YoY Change 5.93%
Inventory
Prepaid Expenses
Receivables $1.689M $12.30M 1.937M cnies
Other Receivables $29.10M $53.40M
Total Short-Term Assets $152.9M $1.109B 564.0M cnies
YoY Change -72.89% 96.58%
LONG-TERM ASSETS
Property, Plant & Equipment 7.409M cnies $91.40M 5.169M cnies
YoY Change 43.34% 214.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.937M $23.40M 10.43M cnies
YoY Change -71.84% 124.35%
Total Long-Term Assets $15.83M $114.8M 39.52M cnies
YoY Change -59.94% 190.52%
TOTAL ASSETS
Total Short-Term Assets $152.9M $1.109B 564.0M cnies
Total Long-Term Assets $15.83M $114.8M 39.52M cnies
Total Assets $168.7M $1.223B 603.5M cnies
YoY Change -72.04% 102.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.563M $62.10M 45.18M cnies
YoY Change -81.05% 37.46%
Accrued Expenses 171.2M cnies $211.3M 108.6M cnies
YoY Change 57.62% 70.43%
Deferred Revenue 517.2M cnies 384.7M cnies
YoY Change 34.44%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $130.3M $944.8M 713.2M cnies
YoY Change -81.73% 32.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $52.80M $52.80M
YoY Change 242.08%
Total Long-Term Liabilities $7.288M $52.80M 15.44M cnies
YoY Change -52.78% 242.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.3M $944.8M 713.2M cnies
Total Long-Term Liabilities $7.288M $52.80M 15.44M cnies
Total Liabilities $137.6M $999.7M 728.7M cnies
YoY Change -81.12% 37.2%
SHAREHOLDERS EQUITY
Retained Earnings -$133.7M -861.2M cnies
YoY Change -84.47%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.85M $223.7M -789.3M cnies
YoY Change
Total Liabilities & Shareholders Equity $168.7M $1.223B 603.5M cnies
YoY Change -72.04% 102.73%

Cashflow Statement

Concept 2023 Q2 2023 2022 Q2
OPERATING ACTIVITIES
Net Income $52.80M -108.5M cnies
YoY Change -58.1%
Depreciation, Depletion And Amortization $2.900M 3.714M cnies $10.59M
YoY Change -72.63% -64.95%
Cash From Operating Activities $207.1M $32.49M $272.6M
YoY Change -24.04% -88.08%
INVESTING ACTIVITIES
Capital Expenditures $5.700M $794.0K $4.560M
YoY Change 25.0% -82.59%
Acquisitions
YoY Change
Other Investing Activities -$147.4M $6.000M -$104.0M
YoY Change 41.7% -105.77%
Cash From Investing Activities -$153.1M $28.00K -$108.6M
YoY Change 41.0% -100.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net 15.92M cnies
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 247.7M $34.16M 71.63M
YoY Change 245.81% -52.31%
NET CHANGE
Cash From Operating Activities 207.1M $32.49M 272.6M
Cash From Investing Activities -153.1M $28.00K -108.6M
Cash From Financing Activities 247.7M $34.16M 71.63M
Net Change In Cash 301.7M $68.66M 235.7M
YoY Change 28.01% -70.87%
FREE CASH FLOW
Cash From Operating Activities $207.1M $32.49M $272.6M
Capital Expenditures $5.700M $794.0K $4.560M
Free Cash Flow $201.4M $31.70M $268.1M
YoY Change -24.87% -88.18%

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CY2023 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
22379000 cny
CY2023 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
3086000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-530953000 cny
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-259068000 cny
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-130916000 cny
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18053000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-316037000 cny
CY2022 us-gaap Profit Loss
ProfitLoss
-233426000 cny
CY2023 us-gaap Profit Loss
ProfitLoss
-108652000 cny
CY2023 us-gaap Profit Loss
ProfitLoss
-14983000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1839000 cny
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
20343000 cny
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
2805000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1839000 cny
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20343000 cny
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2805000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-316037000 cny
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-231587000 cny
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-88309000 cny
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-12178000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-115000 cny
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-16000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-316037000 cny
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-231587000 cny
CY2022Q2 us-gaap Prepaid Taxes
PrepaidTaxes
690000 cny
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-88194000 cny
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12162000 usd
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-12.89
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.26
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-12.89
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.26
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41206648 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49270950 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103948398 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103948398 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41206648 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49270950 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103948398 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103948398 shares
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-28258000 cny
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
94028000 cny
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5638000 cny
CY2021 qsg Stock Issued Duringvalue Distribution To Parent Company
StockIssuedDuringvalueDistributionToParentCompany
23601000 cny
CY2021 us-gaap Profit Loss
ProfitLoss
-316037000 cny
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-279506000 cny
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-279506000 cny
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
-661173000 cny
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
291429000 cny
CY2022 qsg Parent Companys Contribution
ParentCompanysContribution
94978000 shares
CY2022 qsg Dividend To Parent Company Upon Disposal Of A Subsidiary To Shareholders
DividendToParentCompanyUponDisposalOfASubsidiaryToShareholders
-500000 cny
CY2022 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
2987000 cny
CY2022 us-gaap Profit Loss
ProfitLoss
-233426000 cny
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1839000 cny
CY2022 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
10365000 cny
CY2022 qsg Stock Issued During Value Deemed Dividends To Parent Company In Connection With The Sharebased Awards To Employees
StockIssuedDuringValueDeemedDividendsToParentCompanyInConnectionWithTheSharebasedAwardsToEmployees
-10365000 cny
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-789346000 cny
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-789346000 cny
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
235462000 cny
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9984000 cny
CY2023 qsg Automatic Conversion Of Preferred Shares Into Ordinary Shares Upon Ip Oin Dollars
AutomaticConversionOfPreferredSharesIntoOrdinarySharesUponIPOinDollars
686539000 cny
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
191632000 cny
CY2023 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
22379000 cny
CY2023 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
2250000 cny
CY2023 us-gaap Profit Loss
ProfitLoss
-108652000 cny
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
20343000 cny
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
225833000 cny
CY2021 us-gaap Profit Loss
ProfitLoss
-316037000 cny
CY2022 us-gaap Profit Loss
ProfitLoss
-233426000 cny
CY2023 us-gaap Profit Loss
ProfitLoss
-108652000 cny
CY2023 us-gaap Profit Loss
ProfitLoss
-14983000 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
629000 cny
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3000 cny
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
40000 cny
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
6000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
442000 cny
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-239000 cny
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-46000 cny
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-6000 usd
CY2021 us-gaap Depreciation
Depreciation
1397000 cny
CY2022 us-gaap Depreciation
Depreciation
4016000 cny
CY2023 us-gaap Depreciation
Depreciation
3714000 cny
CY2023 us-gaap Depreciation
Depreciation
512000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6025000 cny
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6579000 cny
CY2022 qsg Loss On Disposal Of Property Equipment And Intangible Assets
LossOnDisposalOfPropertyEquipmentAndIntangibleAssets
-124000 cny
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1771000 cny
CY2022 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
4891000 cny
CY2023 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
9195000 cny
CY2023 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1268000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
101830000 cny
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
291429000 cny
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
191632000 cny
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26428000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1266000 cny
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1446000 cny
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2084000 cny
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-287000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
98885000 cny
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-55351000 cny
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10268000 cny
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1416000 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
23202000 cny
CY2023 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
6108000 cny
CY2023 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
842000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
96774000 cny
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4480000 cny
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
21121000 cny
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2913000 usd
CY2021 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
8924000 cny
CY2022 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
14573000 cny
CY2023 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
60092000 cny
CY2023 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
8287000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
62137000 cny
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2633000 cny
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16916000 cny
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2333000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
54525000 cny
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
61046000 cny
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
62370000 cny
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
8601000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
2303000 cny
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5035000 cny
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1496000 cny
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
206000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
253573000 cny
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
99511000 cny
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
123622000 cny
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
17048000 usd
CY2021 qsg Increase Decrease From Advance From Customers
IncreaseDecreaseFromAdvanceFromCustomers
118992000 cny
CY2022 qsg Increase Decrease From Advance From Customers
IncreaseDecreaseFromAdvanceFromCustomers
17888000 cny
CY2023 qsg Increase Decrease From Advance From Customers
IncreaseDecreaseFromAdvanceFromCustomers
-6692000 cny
CY2023 qsg Increase Decrease From Advance From Customers
IncreaseDecreaseFromAdvanceFromCustomers
-923000 usd
CY2021 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
6647000 cny
CY2022 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
9203000 cny
CY2023 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
24761000 cny
CY2023 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
3415000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1942000 cny
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
4624000 cny
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
46274000 cny
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
6381000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6102000 cny
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2543000 cny
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
10866000 cny
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1500000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
79425000 cny
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
272636000 cny
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
235621000 cny
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
32493000 usd
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
434600000 cny
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
976700000 cny
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
2891452000 cny
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
398749000 usd
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
405600000 cny
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
873700000 cny
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
2863828000 cny
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
394940000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5822000 cny
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4560000 cny
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5756000 cny
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
794000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
29804000 cny
CY2021 us-gaap Proceeds From Lease Payment Sales Type And Direct Financing Leases Investing Activity
ProceedsFromLeasePaymentSalesTypeAndDirectFinancingLeasesInvestingActivity
1771000 cny
CY2022 us-gaap Proceeds From Lease Payment Sales Type And Direct Financing Leases Investing Activity
ProceedsFromLeasePaymentSalesTypeAndDirectFinancingLeasesInvestingActivity
4891000 cny
CY2023 us-gaap Proceeds From Lease Payment Sales Type And Direct Financing Leases Investing Activity
ProceedsFromLeasePaymentSalesTypeAndDirectFinancingLeasesInvestingActivity
9195000 cny
CY2023 us-gaap Proceeds From Lease Payment Sales Type And Direct Financing Leases Investing Activity
ProceedsFromLeasePaymentSalesTypeAndDirectFinancingLeasesInvestingActivity
1268000 usd
CY2022 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
14126000 cny
CY2023 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
2000000 cny
CY2023 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
276000 usd
CY2021 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2448000 cny
CY2022 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
129427000 cny
CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2243000 cny
CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
309000 usd
CY2021 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
2950000 cny
CY2022 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
109389000 cny
CY2023 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
24629000 cny
CY2023 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
3396000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62353000 cny
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-108581000 cny
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
201000 cny
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
28000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15917000 cny
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15917000 cny
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15917000 cny
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
235462000 cny
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
32472000 usd
CY2023 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9984000 cny
CY2023 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
1377000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2250000 cny
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
310000 usd
CY2021 qsg Increase Decrease In Distribution To Contribution From Predecessors
IncreaseDecreaseInDistributionToContributionFromPredecessors
37041000 cny
CY2022 qsg Increase Decrease In Distribution To Contribution From Predecessors
IncreaseDecreaseInDistributionToContributionFromPredecessors
-94978000 cny
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
52711000 cny
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
122833000 cny
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
36763000 cny
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
146182000 cny
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21093000 cny
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
71629000 cny
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
247696000 cny
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34159000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5642000 cny
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14336000 cny
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1977000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4021000 cny
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
241326000 cny
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
497854000 cny
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
68657000 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29122000 cny
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25101000 cny
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
266427000 cny
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36742000 usd
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29095000 cny
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25101000 cny
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
266427000 cny
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36742000 usd
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
27000 cny
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25101000 cny
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
266427000 cny
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
764281000 cny
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105399000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25101000 cny
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
266427000 cny
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
764281000 cny
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
105399000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
14761000 cny
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
22273000 cny
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
3072000 usd
CY2022 qsg Consideration Receivable As A Result Of Disposal Of Subsidiaries
ConsiderationReceivableAsAResultOfDisposalOfSubsidiaries
2000000 cny
CY2023 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
198000 cny
CY2023 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
27000 usd
CY2022 qsg Accretion Of The Companys Preferred Shares
AccretionOfTheCompanysPreferredShares
2987000 cny
CY2023 qsg Accretion Of The Companys Preferred Shares
AccretionOfTheCompanysPreferredShares
22379000 cny
CY2023 qsg Accretion Of The Companys Preferred Shares
AccretionOfTheCompanysPreferredShares
3086000 usd
CY2023 qsg Beneficial Interest Rate
BeneficialInterestRate
1 pure
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
360000 cny
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
615674000 cny
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
110640000 cny
CY2023 qsg Exclusive Consultancy And Service Agreements Term
ExclusiveConsultancyAndServiceAgreementsTerm
P10Y
CY2023 qsg Exclusive Consultancy And Service Agreements Extended Term
ExclusiveConsultancyAndServiceAgreementsExtendedTerm
P10Y
CY2023 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
1568000 cny
CY2023Q2 us-gaap Reorganization Value Cash In Excess Of Normal Operating Needs
ReorganizationValueCashInExcessOfNormalOperatingNeeds
155960000 cny
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><b><i>(c)</i></b></td><td style="text-align: justify"><b><i>Use of estimates</i></b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires the Group to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosure of contingent assets and liabilities at the balance sheet date, and the reported revenues and expense during the reporting period and disclosed in the consolidated financial statements and accompanying notes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">Significant accounting estimates reflected in the Group’s consolidated financial statements include revenue recognition based on the estimated average learning period of the learners, standalone selling price of each distinct performance obligation in revenue recognition, variable consideration in revenue recognition, provision of credit losses of receivables, fair value of short-term investments, incremental borrowing rate used in initial measurement of leases, depreciation and amortization of long-lived assets, impairment of long-lived assets, the valuation allowance of deferred tax assets, as well as the valuation and recognition of share-based compensation arrangements. Actual results could differ from those estimates and such differences may be material to the consolidated financial statements.</p>
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1937000 cny
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
12251000 cny
CY2022Q2 qsg Receivables From Third Party Payment
ReceivablesFromThirdPartyPayment
9456000 cny
CY2023Q2 qsg Receivables From Third Party Payment
ReceivablesFromThirdPartyPayment
22533000 cny
CY2023 us-gaap Description Of Difference Between Reported Amount And Reporting Currency Denominated Amount
DescriptionOfDifferenceBetweenReportedAmountAndReportingCurrencyDenominatedAmount
US$1.00=RMB7.2513
CY2023 us-gaap Property Plant And Equipment Basis Of Valuation
PropertyPlantAndEquipmentBasisOfValuation
Shorter of the lease term or estimated economic life
CY2023Q2 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
-446000 cny
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40514000 cny
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
267729000 cny
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
384729000 usd
CY2023 qsg Contract Liabilities Balance
ContractLiabilitiesBalance
517220000 cny
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
517213000 cny
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
-13000 cny
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
433000 cny
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-46000 cny
CY2021 us-gaap Revenues
Revenues
1759940000 cny
CY2022 us-gaap Revenues
Revenues
2867974000 cny
CY2023 us-gaap Revenues
Revenues
3081381000 cny
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1306501000 cny
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1590886000 cny
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1743473000 cny
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
-13000 cny
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
-59000 cny
CY2022Q2 qsg Prepaid Prepayments For Promotion Fees
PrepaidPrepaymentsForPromotionFees
86686000 cny
CY2023Q2 qsg Prepaid Prepayments For Promotion Fees
PrepaidPrepaymentsForPromotionFees
65832000 cny
CY2022Q2 qsg Prepaid Other Service Fees
PrepaidOtherServiceFees
13726000 cny
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
39449000 cny
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
111698000 cny
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
124922000 cny
CY2022Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
30974000 cny
CY2023Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
51645000 cny
CY2023Q2 qsg Value Added Tax Rate
ValueAddedTaxRate
0.06 pure
CY2023Q2 qsg Prepaid Other Service Fees
PrepaidOtherServiceFees
25281000 cny
CY2022Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
346667000 cny
CY2022 qsg Cash Cash Equivalents And Short Term Investmentspercentage
CashCashEquivalentsAndShortTermInvestmentspercentage
0.8687 pure
CY2023Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
625698000 cny
CY2023 qsg Cash Cash Equivalents And Short Term Investmentspercentage
CashCashEquivalentsAndShortTermInvestmentspercentage
0.6724 pure
CY2022 qsg Gross Accounts Receivable For Marketing Services
GrossAccountsReceivableForMarketingServices
23202000 cny
CY2023 qsg Gross Accounts Receivable For Marketing Services
GrossAccountsReceivableForMarketingServices
29116000 cny
CY2022 qsg Accounts Receivables Percentage
AccountsReceivablesPercentage
0.922 pure
CY2023 qsg Accounts Receivables Percentage
AccountsReceivablesPercentage
0.704 pure
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13000 cny
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
59000 cny
CY2023Q2 qsg Receivables From Live Ecommerce Business Platforms
ReceivablesFromLiveEcommerceBusinessPlatforms
1760000 cny
CY2022Q2 qsg Staff Advance Current
StaffAdvanceCurrent
192000 cny
CY2023Q2 qsg Staff Advance Current
StaffAdvanceCurrent
575000 cny
CY2022Q2 qsg Deposits Current
DepositsCurrent
4791000 cny
CY2023Q2 qsg Deposits Current
DepositsCurrent
3500000 cny
CY2023Q2 us-gaap Interest Receivable
InterestReceivable
3297000 cny
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
19000 cny
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
115560000 cny
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
136681000 cny
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10664000 cny
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11774000 cny
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5495000 cny
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4365000 cny
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5169000 cny
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7409000 cny
CY2021 us-gaap Depreciation
Depreciation
1397000 cny
CY2022 us-gaap Depreciation
Depreciation
4016000 cny
CY2023 us-gaap Depreciation
Depreciation
3714000 cny
CY2023Q2 us-gaap Short Term Investments
ShortTermInvestments
166303000 cny
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.016 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.118 pure
CY2021 qsg Permanent Differences
PermanentDifferences
-0.08 pure
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
78245000 cny
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
128097000 cny
CY2022Q2 qsg Other Accrued Expense Current
OtherAccruedExpenseCurrent
16807000 cny
CY2023Q2 qsg Other Accrued Expense Current
OtherAccruedExpenseCurrent
23501000 cny
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
12594000 cny
CY2023Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
18640000 cny
CY2022Q2 qsg Refund Liability Current
RefundLiabilityCurrent
615000 cny
CY2023Q2 qsg Refund Liability Current
RefundLiabilityCurrent
513000 cny
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
331000 cny
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
409000 cny
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
108592000 cny
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
171160000 cny
CY2023Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P12M
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23917000 cny
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
84009000 cny
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16331000 cny
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41092000 cny
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6566000 cny
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
52840000 cny
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
10036000 cny
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
21943000 cny
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
37484000 cny
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1415000 cny
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2730000 cny
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2272000 cny
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
11280000 cny
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
20854000 cny
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
25151000 cny
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22231000 cny
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28091000 cny
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
95206000 cny
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M3D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M19D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
44599000 cny
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
41659000 cny
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13086000 cny
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
99344000 cny
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5412000 cny
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
93932000 cny
CY2022Q2 us-gaap Short Term Investments
ShortTermInvestments
132632000 cny
CY2023 qsg Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset S Investment Made
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSInvestmentMade
87885000 cny
CY2023 qsg Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Redemption
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRedemption
36028000 cny
CY2023 qsg Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLoss
401000 cny
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
5965000 cny
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
58223000 cny
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.165 pure
CY2018Q2 us-gaap Development Profits Nonoperating
DevelopmentProfitsNonoperating
2000000 hkd
CY2018Q2 qsg Percentage Of Assessable Profits
PercentageOfAssessableProfits
0.165 pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.15 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.15 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.25 pure
CY2023 qsg Dividend Income Securitie Operating Tax Advantaged
DividendIncomeSecuritieOperatingTaxAdvantaged
0.10 pure
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2303000 cny
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19796000 cny
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23769000 cny
CY2021 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-1266000 cny
CY2022 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-1446000 cny
CY2023 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-2084000 cny
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1037000 cny
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18350000 cny
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21685000 cny
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022 qsg Permanent Differences
PermanentDifferences
-0.246 pure
CY2023 qsg Permanent Differences
PermanentDifferences
-0.355 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.189 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.088 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.262 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.003 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.084 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.249 pure
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4952000 usd
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.12
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.12
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
380000 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
790000 usd
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
18611000 usd
CY2022Q2 qsg Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deductible Temporary Difference Related To Advertising Expenses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeductibleTemporaryDifferenceRelatedToAdvertisingExpenses
35384000 usd
CY2023Q2 qsg Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deductible Temporary Difference Related To Advertising Expenses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeductibleTemporaryDifferenceRelatedToAdvertisingExpenses
44843000 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
48642000 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
49581000 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
84406000 usd
CY2023Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
113825000 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
84406000 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
94975000 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
18850000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
16766000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
16766000 usd
CY2023 qsg Other Transactions
OtherTransactions
11663000 cny
CY2021 qsg Other Transactions Net
OtherTransactionsNet
15093000 cny
CY2022 qsg Other Transactions Net
OtherTransactionsNet
19913000 cny
CY2023Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
259876000 cny
CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5693000 cny
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
65235000 cny
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
84406000 cny
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 qsg Government Grants
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CY2023 qsg Government Grants
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CY2022 qsg Fair Value Changes Of Shortterm Investments
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CY2023 qsg Fair Value Changes Of Shortterm Investments
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CY2021 qsg Other Transactions
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CY2022 qsg Other Transactions
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CY2023 qsg Other Transactions Net
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CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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22317118 shares
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CY2021Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
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21717118 shares
CY2021Q2 us-gaap Option Indexed To Issuers Equity Settlement Alternatives Shares At Fair Value
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CY2021Q2 qsg Vested Amount
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qsg Share Based Compensation Options Vested Rate
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CY2022Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
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21717118 shares
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CY2022Q2 qsg Vested Amount
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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7190000 shares
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CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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500000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
2298000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
3.77
CY2022Q2 qsg Granted Shares
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510500 shares
CY2022Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2023Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
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121750 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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P8Y5M12D
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P8Y11M1D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
2539000 cny
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
2319000 cny
CY2022 us-gaap Other Interest And Dividend Income
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CY2021Q2 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
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CY2022Q2 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
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CY2023Q2 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
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CY2021Q2 qsg Recognized Weighted Average Period
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P2Y8M12D
CY2022Q2 qsg Recognized Weighted Average Period
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P2Y4M20D
CY2023Q2 qsg Recognized Weighted Average Period
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P1Y5M15D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0 pure
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P10Y
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P10Y
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CY2018Q2 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
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CY2020Q3 us-gaap Option Contract Indexed To Equity Settlement Share Fair Value Per Share
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CY2023 qsg Restriction Of Ordinary Shares Held By The Founder Description
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In November 2020, these options were approved by the board to be exercised as 600,000 Class A ordinary shares, and the Founder agreed with Witty network to classify 150,000, out of the 600,000 Class A ordinary shares as additional Restricted Shares, with 50% of these shares vested on August 13, 2021 and 2022 respectively. In addition, the Founder further agreed with Witty network that 410,111 Class B ordinary shares of the previously granted Restricted Shares were vested immediately, while the remaining 13,510,660 Class B ordinary shares, being the unvested Restricted Shares, were also modified with 50% vested on August 13, 2021 and 2022 respectively. Such modification did not have any material impact on the fair value of these share options.
CY2022Q2 qsg Unvested Restricted Shares
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CY2022Q3 qsg Vested Restricted Shares
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CY2020Q3 us-gaap Shares Issued
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1640444 shares
CY2020Q3 us-gaap Shares Issued
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CY2020Q3 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
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CY2023Q2 us-gaap Shares Issued
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CY2022Q1 qsg Share Capital
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CY2022Q2 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
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CY2023Q1 us-gaap Capital Units Authorized
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CY2023Q1 qsg Option To Purchase Additional
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CY2023Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
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CY2023 qsg Deemed Preferred Share Issue Price Percentage
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CY2023Q2 qsg Preferred Stock Voting Power Outstanding Percentage
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CY2022 qsg Stock And Warrants Issued During Period Shares Preferred Stock And Warrants
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CY2022 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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661173000 cny
CY2022 us-gaap Temporary Equity Accretion To Redemption Value
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CY2022Q2 us-gaap Preferred Stock Shares Outstanding
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CY2022Q2 us-gaap Preferred Stock Value Outstanding
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664160000 cny
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
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CY2022Q2 us-gaap Preferred Stock Value Outstanding
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664160000 cny
CY2023 us-gaap Temporary Equity Accretion To Redemption Value
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CY2023 us-gaap Conversion Of Stock Shares Issued1
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CY2022Q2 us-gaap Common Stock Shares Issued
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CY2022Q2 us-gaap Common Stock Shares Outstanding
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CY2022Q2 us-gaap Preferred Stock Shares Issued
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Temporary Equity Other Changes
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22655000 cny
CY2021 qsg Allocation Of Deemed Dividends Due To Extinguishment Of Predecessors Preferred Shares
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CY2022 qsg Accretion Of The Companys Preferred Share
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CY2023 qsg Accretion Of The Companys Preferred Share
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Preferred Stock Redemption Premium
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CY2022 us-gaap Preferred Stock Redemption Premium
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CY2021 us-gaap Dividends
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CY2021 qsg Vested Shares
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CY2022 us-gaap Other General Expense
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CY2022 us-gaap Repayments Of Related Party Debt
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CY2022 us-gaap Proceeds From Related Party Debt
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CY2021 us-gaap Payments To Acquire Loans Receivable
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CY2022 us-gaap Payments To Acquire Loans Receivable
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CY2023 us-gaap Payments To Acquire Loans Receivable
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CY2021 us-gaap Proceeds From Collection Of Loans Receivable
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CY2022 us-gaap Proceeds From Collection Of Loans Receivable
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CY2023 us-gaap Proceeds From Collection Of Loans Receivable
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CY2022 qsg Disposal Of Subsidiaries To Related Parties
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CY2023 qsg Disposal Of Subsidiaries To Related Parties
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CY2022 qsg Cash Consideration For Disposal
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CY2023 qsg Cash Consideration For Disposal
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CY2022Q1 us-gaap Discontinued Operation Equity Method Investment Retained After Disposal Ownership Interest Prior To Disposal
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CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2023Q2 qsg Future Minimum Commitment Office Rentals Year One
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CY2023Q2 qsg Future Minimum Commitment Office Rentals
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CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2021 qsg Loss On Disposal Of Property Equipment And Intangible Assets
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CY2023 qsg Loss On Disposal Of Property Equipment And Intangible Assets
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CY2023 qsg Loss On Disposal Of Property Equipment And Intangible Assets
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CY2021 us-gaap Increase Decrease In Due From Related Parties Current
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