2024 Q2 Form 20-F Financial Statement

#000121390024073574 Filed on August 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 2023 Q2
Revenue $1.000B 3.795B cnies $828.3M
YoY Change 20.74% 23.17%
Cost Of Revenue $141.3M 550.3M cnies $116.1M
YoY Change 21.66% 919.28%
Gross Profit $858.8M 3.245B cnies $712.2M
YoY Change 20.59% 774.78%
Gross Profit Margin 85.88% 85.5% 85.98%
Selling, General & Admin $591.6M $373.3M $611.0M
YoY Change -3.17% 4.76%
% of Gross Profit 68.89% 11.5% 85.79%
Research & Development $21.21M $19.94M $53.60M
YoY Change -60.42% -34.23%
% of Gross Profit 2.47% 0.61% 7.53%
Depreciation & Amortization 4.546M cnies $2.900M
YoY Change 22.4% -72.63%
% of Gross Profit 0.14% 0.41%
Operating Expenses $612.9M $394.6M $664.7M
YoY Change -7.8% 2.07%
Operating Profit $246.0M $51.93M $47.50M
YoY Change 417.83% -431.44%
Interest Expense $2.151M $10.52M $2.700M
YoY Change -20.33% -27.95%
% of Operating Profit 0.87% 20.26% 5.68%
Other Income/Expense, Net $6.802M 28.97M cnies $6.200M
YoY Change 9.71% 885.54%
Pretax Income $244.9M $57.36M $56.40M
YoY Change 334.19% -578.29%
Income Tax $48.28M 31.33M cnies $3.700M
% Of Pretax Income 19.71% 54.62% 6.56%
Net Earnings $196.6M 385.5M cnies $52.80M
YoY Change 272.36% -455.2%
Net Earnings / Revenue 19.66% 10.16% 6.37%
Basic Earnings Per Share $2.34
Diluted Earnings Per Share $1.18 $2.27 $0.30
COMMON SHARES
Basic Shares Outstanding 165.0M shares
Diluted Shares Outstanding 170.0M shares

Balance Sheet

Concept 2024 Q2 2024 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.026B $1.026B $930.6M
YoY Change 10.26% 10.26%
Cash & Equivalents $107.3M $779.9M $105.4M
Short-Term Investments $246.2M $246.2M $166.3M
Other Short-Term Assets $275.7M $275.7M
YoY Change 145.29%
Inventory $873.0K $6.345M
Prepaid Expenses
Receivables $2.295M $16.68M $1.689M
Other Receivables 4.488M cnies $4.488M $29.10M
Total Short-Term Assets $182.9M $1.329B $152.9M
YoY Change 19.65% 19.91% -72.89%
LONG-TERM ASSETS
Property, Plant & Equipment 6.569M cnies $65.46M 7.409M cnies
YoY Change -11.34% -28.38% 43.34%
Goodwill 7.389M cnies
YoY Change
Intangibles
YoY Change
Long-Term Investments 3.002M cnies $9.010M
YoY Change
Other Assets $2.939M $22.21M $2.937M
YoY Change 0.07% -5.1% -71.84%
Total Long-Term Assets $13.30M $96.68M $15.83M
YoY Change -15.97% -15.79% -59.94%
TOTAL ASSETS
Total Short-Term Assets $182.9M $1.329B $152.9M
Total Long-Term Assets $13.30M $96.68M $15.83M
Total Assets $196.2M $1.426B $168.7M
YoY Change 16.3% 16.56% -72.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.541M $62.07M $8.563M
YoY Change -0.26% -0.05% -81.05%
Accrued Expenses 190.5M cnies $239.6M 171.2M cnies
YoY Change 11.3% 13.4% 57.62%
Deferred Revenue 385.2M cnies 517.2M cnies
YoY Change -25.52% 34.44%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $119.7M $869.6M $130.3M
YoY Change -8.16% -7.96% -81.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $28.35M $28.35M $52.80M
YoY Change -46.3% -46.3%
Total Long-Term Liabilities $5.502M $28.35M $7.288M
YoY Change -24.51% -46.3% -52.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.7M $869.6M $130.3M
Total Long-Term Liabilities $5.502M $28.35M $7.288M
Total Liabilities $125.2M $909.5M $137.6M
YoY Change -9.03% -9.02% -81.12%
SHAREHOLDERS EQUITY
Retained Earnings -$80.38M -$133.7M
YoY Change -39.89% -84.47%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.03M
YoY Change
Treasury Stock Shares
Shareholders Equity $71.07M $516.5M $30.85M
YoY Change
Total Liabilities & Shareholders Equity $196.2M $1.426B $168.7M
YoY Change 16.3% 16.56% -72.04%

Cashflow Statement

Concept 2024 Q2 2024 2023 Q2
OPERATING ACTIVITIES
Net Income $196.6M 385.5M cnies $52.80M
YoY Change 272.36% -455.2%
Depreciation, Depletion And Amortization 4.546M cnies $2.900M
YoY Change 22.4% -72.63%
Cash From Operating Activities $38.90M $207.1M
YoY Change 19.73% -24.04%
INVESTING ACTIVITIES
Capital Expenditures $501.0K $5.700M
YoY Change -36.9% 25.0%
Acquisitions $275.0K
YoY Change
Other Investing Activities -$129.1M -$147.4M
YoY Change -2252.42% 41.7%
Cash From Investing Activities -$18.27M -$153.1M
YoY Change -65353.57% 41.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.083M
YoY Change -74.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$17.92M 247.7M
YoY Change -152.45% 245.81%
NET CHANGE
Cash From Operating Activities $38.90M 207.1M
Cash From Investing Activities -$18.27M -153.1M
Cash From Financing Activities -$17.92M 247.7M
Net Change In Cash $2.175M 301.7M
YoY Change -96.83% 28.01%
FREE CASH FLOW
Cash From Operating Activities $38.90M $207.1M
Capital Expenditures $501.0K $5.700M
Free Cash Flow $38.40M $201.4M
YoY Change 21.15% -24.87%

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IncomeTaxExpenseBenefit
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2024 us-gaap Profit Loss
ProfitLoss
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CY2024 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2024 us-gaap Net Income Loss
NetIncomeLoss
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CY2024 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2022 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
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CY2023 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2024 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
385527000 cny
CY2024 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2024 us-gaap Profit Loss
ProfitLoss
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CY2024 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
20343000 cny
CY2024 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2024 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1839000 cny
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2024 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2024 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
52380000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2024 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
380658000 cny
CY2024 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52380000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.27
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103948398 shares
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103948398 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
291429000 cny
CY2022 qsg Parent Companys Contribution
ParentCompanysContribution
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CY2022 qsg Dividend To Parent Company Upon Disposal Of A Subsidiary To Shareholders
DividendToParentCompanyUponDisposalOfASubsidiaryToShareholders
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CY2022 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
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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
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CY2022 qsg Stock Issued During Value Deemed Dividends To Parent Company In Connection With The Sharebased Awards To Employees
StockIssuedDuringValueDeemedDividendsToParentCompanyInConnectionWithTheSharebasedAwardsToEmployees
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
235462000 cny
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023 qsg Automatic Conversion Of Preferred Shares Into Ordinary Shares Upon Ip Oin Dollars
AutomaticConversionOfPreferredSharesIntoOrdinarySharesUponIPOinDollars
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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
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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
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
225833000 cny
CY2024 qsg Repurchase Of American Depositary Shares
RepurchaseOfAmericanDepositaryShares
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CY2024 qsg Stock Issued During Period Value Exercise Of Share Optionsin Dollars
StockIssuedDuringPeriodValueExerciseOfShareOptionsinDollars
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CY2024 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27757000 cny
CY2024 qsg Adjustments To Additional Paid In Capital Disposal Of Noncontrolling Interests
AdjustmentsToAdditionalPaidInCapitalDisposalOfNoncontrollingInterests
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CY2024 us-gaap Profit Loss
ProfitLoss
385527000 cny
CY2024 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2024 us-gaap Profit Loss
ProfitLoss
385527000 cny
CY2024 us-gaap Profit Loss
ProfitLoss
53050000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3000 cny
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
40000 cny
CY2024 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2446000 cny
CY2024 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022 us-gaap Depreciation
Depreciation
4016000 cny
CY2023 us-gaap Depreciation
Depreciation
3714000 cny
CY2024 us-gaap Depreciation
Depreciation
4546000 cny
CY2024 us-gaap Depreciation
Depreciation
626000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6579000 cny
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
468000 cny
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
64000 usd
CY2024 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
10041000 cny
CY2024 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1382000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2024 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2024 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000 cny
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
4891000 cny
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
9195000 cny
CY2024 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
16004000 cny
CY2024 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2202000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
291429000 cny
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
191632000 cny
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
27757000 cny
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
3820000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12862000 cny
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1770000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-55351000 cny
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10268000 cny
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4377000 cny
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
602000 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
CY2024 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-24628000 cny
CY2024 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-3389000 usd
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
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
67624000 cny
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9305000 usd
CY2022 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
14573000 cny
CY2023 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
60092000 cny
CY2024 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
-25286000 cny
CY2024 qsg Increase Decrease Operating Lease Rightofuse Assets
IncreaseDecreaseOperatingLeaseRightofuseAssets
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CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2633000 cny
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16916000 cny
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-28000 cny
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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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
CY2024 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
14109000 cny
CY2024 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1941000 usd
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
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
11605000 cny
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1597000 usd
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
CY2024 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-124603000 cny
CY2024 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-17146000 usd
CY2022 qsg Increase Decrease In Advance From Customer
IncreaseDecreaseInAdvanceFromCustomer
17888000 cny
CY2023 qsg Increase Decrease In Advance From Customer
IncreaseDecreaseInAdvanceFromCustomer
-6692000 cny
CY2024 qsg Increase Decrease In Advance From Customer
IncreaseDecreaseInAdvanceFromCustomer
15415000 cny
CY2024 qsg Increase Decrease In Advance From Customer
IncreaseDecreaseInAdvanceFromCustomer
2121000 usd
CY2022 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
9203000 cny
CY2023 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
24761000 cny
CY2024 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
7858000 cny
CY2024 qsg Operating Lease Liabilities Current Portion
OperatingLeaseLiabilitiesCurrentPortion
1081000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
4624000 cny
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
46274000 cny
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-35851000 cny
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4933000 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6345000 cny
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
873000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2543000 cny
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
10866000 cny
CY2024 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
64000 cny
CY2024 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
9000 usd
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
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
282720000 cny
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38903000 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
976700000 cny
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
2891452000 cny
CY2024 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
5162236000 cny
CY2024 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
710347000 usd
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
CY2024 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
5025644000 cny
CY2024 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
691552000 usd
CY2024 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
6563000 cny
CY2024 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
903000 usd
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
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3639000 cny
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
501000 usd
CY2022 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
4891000 cny
CY2023 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
9195000 cny
CY2024 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
16004000 cny
CY2024 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
2202000 usd
CY2024 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1998000 cny
CY2024 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
275000 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
CY2024 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000 cny
CY2024 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000 usd
CY2022 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
129427000 cny
CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2243000 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
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
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-132784000 cny
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18271000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15917000 cny
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15917000 cny
CY2024 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 Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9984000 cny
CY2023 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
2250000 cny
CY2024 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-2250000 cny
CY2024 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-310000 usd
CY2024 qsg Payments For Repurchase Of American Depositary Shares
PaymentsForRepurchaseOfAmericanDepositaryShares
130409000 cny
CY2024 qsg Payments For Repurchase Of American Depositary Shares
PaymentsForRepurchaseOfAmericanDepositaryShares
17945000 usd
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2467000 cny
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
339000 usd
CY2022 qsg Increase Decrease In Distribution To Contribution From Predecessors
IncreaseDecreaseInDistributionToContributionFromPredecessors
-94978000 cny
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
122833000 cny
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
146182000 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
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130192000 cny
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17916000 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
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3934000 cny
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-541000 usd
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
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15810000 cny
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2175000 usd
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
105169000 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
105169000 usd
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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
780091000 cny
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107344000 usd
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
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
779931000 cny
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107322000 usd
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
160000 cny
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
22000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
14761000 cny
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
22273000 cny
CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
6861000 cny
CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
944000 usd
CY2022 qsg Consideration Receivable As A Result Of Disposal Of Subsidiaries
ConsiderationReceivableAsAResultOfDisposalOfSubsidiaries
2000000 cny
CY2023 qsg Changes In Payables For Purchase Of Property And Equipment
ChangesInPayablesForPurchaseOfPropertyAndEquipment
198000 cny
CY2024 qsg Changes In Payables For Purchase Of Property And Equipment
ChangesInPayablesForPurchaseOfPropertyAndEquipment
-198000 cny
CY2024 qsg Changes In Payables For Purchase Of Property And Equipment
ChangesInPayablesForPurchaseOfPropertyAndEquipment
-27000 usd
CY2022 qsg Accretion Of The Companys Preferred Shares
AccretionOfTheCompanysPreferredShares
2987000 cny
CY2023 qsg Accretion Of The Companys Preferred Shares
AccretionOfTheCompanysPreferredShares
22379000 cny
CY2024 qsg Investment In Preferred Shares By Strategic Resources
InvestmentInPreferredSharesByStrategicResources
-2445000 cny
CY2024 qsg Investment In Preferred Shares By Strategic Resources
InvestmentInPreferredSharesByStrategicResources
-336000 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
110640000 cny
CY2024 qsg Exclusive Consultancy And Service Agreements Term
ExclusiveConsultancyAndServiceAgreementsTerm
P10Y
CY2024 qsg Exclusive Consultancy And Service Agreements Extended Term
ExclusiveConsultancyAndServiceAgreementsExtendedTerm
P10Y
CY2023 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
1568000 cny
CY2024 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
9387000 cny
CY2022Q2 us-gaap Reorganization Value Cash In Excess Of Normal Operating Needs
ReorganizationValueCashInExcessOfNormalOperatingNeeds
155960000 cny
CY2024Q2 us-gaap Reorganization Value Cash In Excess Of Normal Operating Needs
ReorganizationValueCashInExcessOfNormalOperatingNeeds
141984000 cny
CY2024 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"> <td style="width: 0"></td><td style="width: 0.25in"><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"> 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, estimate of refund liabilities, recognition of breakage revenue from inactive learners, variable consideration in revenue recognition, provision of credit losses of receivables, inventory write down, fair value of short-term investments and long term investments, 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>
CY2024 us-gaap Description Of Difference Between Reported Amount And Reporting Currency Denominated Amount
DescriptionOfDifferenceBetweenReportedAmountAndReportingCurrencyDenominatedAmount
US$1.00=RMB7.2672
CY2024Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7389000 cny
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1017000 usd
CY2024 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
2652000 cny
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
365000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161467000 cny
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
267729000 cny
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
384729000 cny
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
517213000 cny
CY2024Q2 qsg Aggregate Amount Of Tranasaction Price
AggregateAmountOfTranasactionPrice
396592000 cny
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
385227000 cny
CY2022 us-gaap Revenues
Revenues
2867974000 cny
CY2023 us-gaap Revenues
Revenues
3081381000 cny
CY2024 us-gaap Revenues
Revenues
3795331000 cny
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1590886000 cny
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1743473000 cny
CY2024 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1956352000 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
CY2024 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
73812000 cny
CY2023Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
51645000 cny
CY2024Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
41687000 cny
CY2024Q2 qsg Value Added Tax Rate
ValueAddedTaxRate
0.06 pure
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
3515000 cny
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
604000 cny
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
279000 cny
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
3120000 cny
CY2024Q2 qsg Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Rightofuse Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseRightofuseAssets
166000 cny
CY2024Q2 us-gaap Goodwill
Goodwill
7389000 cny
CY2024Q2 qsg Business Combination Recognized Identifiable Asset Acquired And Liabilities Assumed Operating Lease Liabilities Current Portion
BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilitiesAssumedOperatingLeaseLiabilitiesCurrentPortion
149000 cny
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
13082000 cny
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
1842000 cny
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
CY2022Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
890644000 cny
CY2022 qsg Cash Cash Equivalents And Short Term Investmentspercentage
CashCashEquivalentsAndShortTermInvestmentspercentage
0.8678 pure
CY2023Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
29116000 cny
CY2024Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4488000 cny
CY2023 qsg Accounts Receivables Percentage
AccountsReceivablesPercentage
0.704 pure
CY2024 qsg Accounts Receivables Percentage
AccountsReceivablesPercentage
0.212 pure
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
59000 cny
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
97000 cny
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
12251000 cny
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
16676000 cny
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13000 cny
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
59000 cny
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
46000 cny
CY2024 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
38000 cny
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
59000 cny
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
97000 cny
CY2023Q2 qsg Receivables From Third Party Payment Platforms
ReceivablesFromThirdPartyPaymentPlatforms
22533000 cny
CY2024Q2 qsg Receivables From Third Party Payment Platforms
ReceivablesFromThirdPartyPaymentPlatforms
94138000 cny
CY2023Q2 qsg Prepayments For Promotion Fees
PrepaymentsForPromotionFees
65832000 cny
CY2024Q2 qsg Prepayments For Promotion Fees
PrepaymentsForPromotionFees
67163000 cny
CY2024Q2 qsg Receivable From An Issuer
ReceivableFromAnIssuer
58213000 cny
CY2023Q2 qsg Prepaid Other Service Fees
PrepaidOtherServiceFees
25281000 cny
CY2024Q2 qsg Prepaid Other Service Fees
PrepaidOtherServiceFees
21122000 cny
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
360000 cny
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
12358000 cny
CY2024Q2 qsg Receivables From Financial Institutions Security Account
ReceivablesFromFinancialInstitutionsSecurityAccount
11972000 cny
CY2023Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
3500000 cny
CY2024Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
5101000 cny
CY2023Q2 qsg Prepayments For Products Procurement
PrepaymentsForProductsProcurement
13543000 cny
CY2024Q2 qsg Prepayments For Products Procurement
PrepaymentsForProductsProcurement
974000 cny
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
5632000 cny
CY2024Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4508000 cny
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
136681000 cny
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
275549000 cny
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11774000 cny
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15354000 cny
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4365000 cny
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8785000 cny
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7409000 cny
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6569000 cny
CY2022 us-gaap Depreciation
Depreciation
4016000 cny
CY2023 us-gaap Depreciation
Depreciation
3714000 cny
CY2024 us-gaap Depreciation
Depreciation
4546000 cny
CY2023Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
128097000 cny
CY2024Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
75686000 cny
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23501000 cny
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
72846000 cny
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
18640000 cny
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
21201000 cny
CY2023Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
513000 cny
CY2024Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
19282000 cny
CY2023Q2 us-gaap Other Liabilities
OtherLiabilities
409000 cny
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
1493000 cny
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
171160000 cny
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
190508000 cny
CY2024Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P12M
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
84009000 cny
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
58889000 cny
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41092000 cny
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
49099000 cny
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
52840000 cny
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16989000 cny
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
21943000 cny
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
37484000 cny
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
44854000 cny
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2730000 cny
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2272000 cny
CY2024 us-gaap Short Term Lease Cost
ShortTermLeaseCost
227000 cny
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
20854000 cny
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
25151000 cny
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
48176000 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
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16258000 cny
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M19D
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y5M8D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
51305000 cny
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15793000 cny
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1435000 cny
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
68533000 cny
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2445000 cny
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
66088000 cny
CY2024Q2 qsg Receivable From An Issuer
ReceivableFromAnIssuer
58213 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
3002000 cny
CY2024Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
6008000 cny
CY2024Q2 us-gaap Long Term Investments
LongTermInvestments
9010000 cny
CY2024Q1 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
100000000 cny
CY2024Q2 qsg Partners Capital Account Initial Capital Contribution
PartnersCapitalAccountInitialCapitalContribution
3000000 cny
CY2018Q2 qsg Assessable Profits
AssessableProfits
2000000000 hkd
CY2018Q2 qsg Percentage Of Assessable Profits
PercentageOfAssessableProfits
0.165 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.25 pure
CY2024 qsg Dividend Income Securitie Operating Tax Advantaged
DividendIncomeSecuritieOperatingTaxAdvantaged
0.10 pure
CY2024 qsg Percentage Of Withholding Tax Of Dividend Payable
PercentageOfWithholdingTaxOfDividendPayable
0.05 pure
CY2024 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
263 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19796000 cny
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23769000 cny
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
18466000 cny
CY2022 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-1446000 cny
CY2023 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-2084000 cny
CY2024 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
12862000 cny
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18350000 cny
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21685000 cny
CY2024 us-gaap Income Tax Expense Benefit
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