2022 Q4 Form 20-F Financial Statement

#000121390023033466 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $533.8M $283.2M $498.2M
YoY Change 7.16% -83.04% 9.63%
Cost Of Revenue $528.9M $242.1M $426.1M
YoY Change 24.12% -82.26% 13.75%
Gross Profit $4.979M $41.06M $72.06M
YoY Change -93.09% -86.51% -9.7%
Gross Profit Margin 0.93% 14.5% 14.47%
Selling, General & Admin $10.64M $9.153M $22.69M
YoY Change -53.11% -86.63% 51.27%
% of Gross Profit 213.68% 22.29% 31.49%
Research & Development $13.82M $9.792M $30.25M
YoY Change -54.3% -86.02% 174.96%
% of Gross Profit 277.61% 23.85% 41.97%
Depreciation & Amortization $4.000M $167.0K
YoY Change -96.55%
% of Gross Profit 80.34% 0.41%
Operating Expenses $24.46M $18.95M $52.94M
YoY Change -53.79% -86.32% 103.6%
Operating Profit -$19.48M $22.11M $19.13M
YoY Change -201.87% -86.68% -64.45%
Interest Expense $25.11M $28.22M -$2.596M
YoY Change -1067.33% 4.91% -619.2%
% of Operating Profit 127.62% -13.57%
Other Income/Expense, Net $2.812M $35.29M -$84.46M
YoY Change -103.33% -304.54% -13.55%
Pretax Income $8.442M $30.93M -$67.93M
YoY Change -112.43% -82.39% 56.53%
Income Tax $4.875M $2.619M -$440.0K
% Of Pretax Income 57.75% 8.47%
Net Earnings $3.971M $28.31M -$67.49M
YoY Change -105.88% -83.35% 52.01%
Net Earnings / Revenue 0.74% 10.0% -13.55%
Basic Earnings Per Share $0.71
Diluted Earnings Per Share $0.10 $0.71 -$2.188M
COMMON SHARES
Basic Shares Outstanding 39.26M shares
Diluted Shares Outstanding 39.26M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.96M $215.8M $279.7M
YoY Change -76.42% -22.84% 24.44%
Cash & Equivalents $25.42M $175.3M $240.9M
Short-Term Investments 40.55M cnies $40.55M $38.79M
Other Short-Term Assets $16.70M $68.68M $165.4M
YoY Change -89.9% -45.88% 1098.62%
Inventory
Prepaid Expenses $1.403M 8.553M cnies
Receivables $45.91M $316.7M $206.3M
Other Receivables $1.115M $47.60M $1.059M
Total Short-Term Assets $94.07M $648.8M $652.5M
YoY Change -85.58% -0.57% 39.81%
LONG-TERM ASSETS
Property, Plant & Equipment $397.0K $21.94M $1.674M
YoY Change -76.28% 1210.87% 19.57%
Goodwill $25.05M 92.07M cnies
YoY Change -72.79%
Intangibles $60.76M 235.9M cnies
YoY Change -74.24%
Long-Term Investments $234.2M $234.2M $101.7M
YoY Change 130.2% 130.2% 1934.54%
Other Assets $5.290M $5.290M $5.504M
YoY Change -3.89% -3.89% -21.37%
Total Long-Term Assets $123.7M $853.2M $436.8M
YoY Change -71.68% 95.32% 26.58%
TOTAL ASSETS
Total Short-Term Assets $94.07M $648.8M $652.5M
Total Long-Term Assets $123.7M $853.2M $436.8M
Total Assets $217.8M $1.502B $1.089B
YoY Change -80.01% 37.88% 34.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.86M $116.3M $85.80M
YoY Change -80.36% 35.49% 27.87%
Accrued Expenses $32.87M $32.87M $40.71M
YoY Change -19.28% -19.28% 33.49%
Deferred Revenue
YoY Change
Short-Term Debt $5.000M $5.000M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.50M $265.5M $221.2M
YoY Change -82.59% 20.06% -20.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.77M $12.77M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $10.73M $12.77M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.50M $265.5M $221.2M
Total Long-Term Liabilities $10.73M $12.77M $0.00
Total Liabilities $49.23M $341.4M $279.9M
YoY Change -82.41% 21.98% -20.55%
SHAREHOLDERS EQUITY
Retained Earnings $96.43M 479.2M cnies
YoY Change -79.88%
Common Stock $3.465M 13.04M cnies
YoY Change -73.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.390M
YoY Change
Treasury Stock Shares
Shareholders Equity $168.3M $1.161B $809.4M
YoY Change
Total Liabilities & Shareholders Equity $217.8M $1.502B $1.089B
YoY Change -80.01% 37.88% 34.19%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $3.971M $28.31M -$67.49M
YoY Change -105.88% -83.35% 52.01%
Depreciation, Depletion And Amortization $4.000M $167.0K
YoY Change -96.55%
Cash From Operating Activities $44.00M $8.345M
YoY Change -92.82%
INVESTING ACTIVITIES
Capital Expenditures $1.300M $312.0K
YoY Change -122.46%
Acquisitions
YoY Change
Other Investing Activities -$32.00M -$111.1M
YoY Change -2.32%
Cash From Investing Activities -$33.20M -$16.42M
YoY Change -85.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.50M -$1.665M
YoY Change -110.89%
NET CHANGE
Cash From Operating Activities 44.00M $8.345M
Cash From Investing Activities -33.20M -$16.42M
Cash From Financing Activities -11.50M -$1.665M
Net Change In Cash -700.0K -$9.519M
YoY Change -157.83%
FREE CASH FLOW
Cash From Operating Activities $44.00M $8.345M
Capital Expenditures $1.300M $312.0K
Free Cash Flow $42.70M $8.033M
YoY Change -93.17%

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ForeignExchangeGainlossNet
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CY2022 us-gaap Fair Value Adjustment Of Warrants
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ChangeInFairValueOfContingentConsideration
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Profit Loss
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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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 Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Earnings Per Share Diluted
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CY2020 us-gaap Stock Issued During Period Value Issued For Services
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IssuanceOfOrdinarySharesToUnderwriterAndAdvisors
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StockIssuedDuringExerciseOfWarrantsinDollars
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022 sj Shares Issued For Weiliantong Acquisition
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CY2022 sj Shares To Be Issued For Weiliantong Acquisition
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Depreciation
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CY2022 us-gaap Depreciation
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2020 us-gaap Provision For Doubtful Accounts
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CY2020 sj Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
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ChangeInFairValueOfContingentConsideration
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ChangeInFairValueOfContingentConsideration
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ChangeInFairValueOfContingentConsideration
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CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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UnrealizedGainLossOnDerivatives
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UnrealizedGainLossOnDerivatives
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CY2022 us-gaap Fair Value Adjustment Of Warrants
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CY2022 us-gaap Fair Value Adjustment Of Warrants
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CY2021 us-gaap Gain Loss On Investments
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CY2022 us-gaap Gain Loss On Investments
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CY2022 us-gaap Gain Loss On Investments
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CY2021 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Deposit Other Assets
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CY2021 us-gaap Increase Decrease In Deposit Other Assets
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CY2022 us-gaap Increase Decrease In Deposit Other Assets
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CY2022 us-gaap Increase Decrease In Deposit Other Assets
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CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Deferred Revenue
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IncreaseDecreaseInDeferredRevenue
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CY2022 us-gaap Increase Decrease In Deferred Revenue
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CY2022 us-gaap Increase Decrease In Deferred Revenue
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CY2020 us-gaap Increase Decrease In Employee Related Liabilities
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CY2022 us-gaap Increase Decrease In Employee Related Liabilities
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CY2022 us-gaap Increase Decrease In Employee Related Liabilities
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CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Other Payments To Acquire Businesses
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CY2021 us-gaap Payments To Acquire Longterm Investments
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CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2022 us-gaap Payments To Acquire Longterm Investments
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PaymentsToAcquirePropertyPlantAndEquipment
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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CY2020 sj Net Cash Acquired In The Reverse Recapitalization
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CY2022 us-gaap Payments For Repurchase Of Equity
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CY2020 us-gaap Payments Of Stock Issuance Costs
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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87417000 cny
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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16179000 cny
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Extinguishment Of Debt Gain Loss Income Tax
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CY2022 us-gaap Extinguishment Of Debt Gain Loss Income Tax
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CY2022 us-gaap Extinguishment Of Debt Gain Loss Income Tax
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CY2020 sj Conversion Of Convertible Notes And Rights
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CY2021 sj Conversion Of Convertible Notes And Rights
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CY2020 sj Recognition Of Contingent Consideration
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CY2022 sj Recognition Of Contingent Consideration
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CY2022 sj Recognition Of Contingent Consideration
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CY2020 sj Issuance Of Ordinary Shares For Bee Live Acquisition
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CY2022 sj Issuance Of Ordinary Shares For Bee Live Acquisition
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CY2022 sj Issuance Of Ordinary Shares For Bee Live Acquisition
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CY2020 sj Issuance Of Ordinary Shares For Settlement Of Underwriting Fee
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CY2020 sj Issuance Of Ordinary Shares To Underwriter And Advisor
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CY2021 sj Issuance Of Class A Ordinary Shares For Achievement Of Earnout Targetin Dollars
IssuanceOfClassAOrdinarySharesForAchievementOfEarnoutTargetinDollars
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CY2022 sj Issuance Of Class A Ordinary Shares For Achievement Of Earnout Targetin Dollars
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CY2022 sj Issuance Of Class A Ordinary Shares For Achievement Of Earnout Targetin Dollars
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CY2022 sj Issuance Of Class B Ordinary Shares For Achievement Of Earnout Targetin Dollars
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CY2022 sj Issuance Of Class B Ordinary Shares For Achievement Of Earnout Targetin Dollars
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CY2020 sj Shares To Be Issued For Achievement Of Earnout Target
SharesToBeIssuedForAchievementOfEarnoutTarget
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CY2021 sj Shares To Be Issued For Achievement Of Earnout Target
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CY2022 sj Shares To Be Issued For Achievement Of Earnout Target
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CY2022 sj Shares To Be Issued For Achievement Of Earnout Target
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CY2022 sj Shares To Be Issued For Weiliantong Acquisition
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CY2022 sj Shares To Be Issued For Weiliantong Acquisition
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q1 sj Company Acquired Issued Percentage
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1 pure
CY2022Q1 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
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CY2022Q1 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
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CY2022Q4 us-gaap Variable Interest Entity Ownership Percentage
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CY2022 us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><span style="font-size: 10pt"><b><i>(c) Use of estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Areas where management uses subjective judgment include, but are not limited to revenue recognition, estimating the useful lives of long-lived assets and intangible assets, valuation assumptions in performing asset impairment tests of long-lived assets, fair value of warrant liabilities and contingent liability, allowance for doubtful accounts, and valuation of deferred taxes and deferred tax assets. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements. </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
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CY2022 us-gaap Revenue Recognition Long Term Contracts
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><span style="font-size: 10pt"><b><i>(m) Long term investment</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The main provisions require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value through earnings, unless they qualify for a measurement alternative. The Company adopted the new financial instruments accounting standard from January 1, 2020.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><i>Equity Investments with Readily Determinable Fair Values</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>Equity investments with readily determinable fair values are measured and recorded at fair value using the market approach based on the quoted prices in active markets at the reporting date.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><i>Equity investments without readily determinable fair values</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>After the adoption of this new accounting standard, the Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment, adjusted for subsequent observable price changes on a nonrecurring basis, and report changes in the carrying value of the equity investment in current earnings. Changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. Reasonable efforts shall be made to identify price changes that are known or that can reasonably be known.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><i>Equity investments accounted for using the equity method</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company accounts for its equity investment over which it has significant influence but does not own a majority equity interest or otherwise control, using the equity method. The Company adjusts the carrying amount of the investment and recognizes investment income or loss for its share of the earnings or loss of the investee after the date of investment. The Company assesses its equity investment for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the entity, including current earnings trends and undiscounted cash flows, and other entity-specific information. The fair value determination, particularly for investments in a privately held entity, requires judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investment and determination of whether any identified impairment is other-than-temporary. </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2022Q4 us-gaap Other Liabilities
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
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CY2022 us-gaap Marketing And Advertising Expense
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CY2022 us-gaap Marketing And Advertising Expense
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CY2021Q4 us-gaap Accrued Employee Benefits Current
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CY2022Q4 us-gaap Accrued Employee Benefits Current
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CY2022Q4 us-gaap Accrued Employee Benefits Current
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CY2022 sj General Reserve Fund Rate
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CY2022 sj Reserve Fund Reached Percentage
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CY2022 sj Statutory Surplus Fund Percentage
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CY2022 sj Surplus Fund Reached Percentage
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CY2022 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
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CY2022 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
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CY2022Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
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CY2022Q4 us-gaap Deposits With Other Federal Home Loan Banks
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CY2022 us-gaap Concentration Risk Customer
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CY2021 us-gaap Concentration Risk Customer
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CY2020 us-gaap Concentration Risk Customer
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CY2020 sj Number Of Vendors
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CY2022Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
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CY2022 sj Additions Accounts Receivables
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CY2022 sj Exchange Difference
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CY2022 sj Exchange Difference
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CY2021Q4 us-gaap Value Added Tax Receivable Current
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CY2022Q4 us-gaap Value Added Tax Receivable Current
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CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Other Assets Current
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us-gaap Line Of Credit Facility Interest Rate During Period
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020 us-gaap Amortization Of Intangible Assets
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6961000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1009000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6961000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1009000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6434000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
933000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5688000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
825000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
5066000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
735000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
16345000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2370000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47455000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6881000 usd
CY2020Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
5000000 cny
CY2020Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
785000 usd
CY2021 sj Long Term Investment Addition
LongTermInvestmentAddition
129725000 cny
CY2021 sj Long Term Investment Addition
LongTermInvestmentAddition
20356000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2998000 cny
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-470000 usd
CY2021 sj Long Term Investment Disposal
LongTermInvestmentDisposal
-30000000 cny
CY2021 sj Long Term Investment Disposal
LongTermInvestmentDisposal
-4708000 usd
CY2021Q4 sj Other Long Term Investment
OtherLongTermInvestment
101727000 cny
CY2021Q4 sj Other Long Term Investment
OtherLongTermInvestment
15963000 usd
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
101727000 cny
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
14748000 usd
CY2022 sj Long Term Investment Addition
LongTermInvestmentAddition
107000000 cny
CY2022 sj Long Term Investment Addition
LongTermInvestmentAddition
15514000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
25449000 cny
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3690000 usd
CY2022Q4 sj Other Long Term Investment
OtherLongTermInvestment
234176000 cny
CY2022Q4 sj Other Long Term Investment
OtherLongTermInvestment
33952000 usd
CY2022Q4 us-gaap Investments
Investments
234176000 cny
CY2021 sj Invested Amount
InvestedAmount
75000000 cny
CY2022 sj Invested Amount
InvestedAmount
75000000 cny
CY2022 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
25449000 cny
CY2021Q4 us-gaap Rental Properties
RentalProperties
418000 cny
CY2022Q4 us-gaap Rental Properties
RentalProperties
684000 cny
CY2022Q4 us-gaap Rental Properties
RentalProperties
99000 usd
CY2021Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
734000 cny
CY2022Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
269000 cny
CY2022Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
39000 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
1152000 cny
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
953000 cny
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
138000 usd
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
5221000 cny
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
5424000 cny
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
6398000 cny
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
928000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19209000 cny
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2785000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7174000 cny
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1040000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12773000 cny
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1852000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
19947000 cny
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2892000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7911000 cny
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1147000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8360000 cny
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1212000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4210000 cny
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
610000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
707000 cny
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
103000 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
21188000 cny
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3072000 usd
CY2022Q4 us-gaap Interest Portion Of Minimum Lease Payments Sale Leaseback Transactions
InterestPortionOfMinimumLeasePaymentsSaleLeasebackTransactions
1241000 cny
CY2022Q4 us-gaap Interest Portion Of Minimum Lease Payments Sale Leaseback Transactions
InterestPortionOfMinimumLeasePaymentsSaleLeasebackTransactions
180000 usd
CY2022Q4 sj Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
19947000 cny
CY2022Q4 sj Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
2892000 usd
CY2022Q3 us-gaap Capital Leases Indemnification Agreements Description
CapitalLeasesIndemnificationAgreementsDescription
the Company entered into a loan agreement with Bank of Hangzhou to obtain a loan of RMB5,000 (US$725) for a term of one year and at a fixed rate of 4.5% per annum. The loan was guaranteed by WXZJ.
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.032 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.012 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.006 pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.04 pure
CY2022 sj Income Tax Law Description
IncomeTaxLawDescription
Under the PRC Income Tax Laws, an enterprise which qualifies as a High and New Technology Enterprise (“the HNTE”) is entitled to a preferential tax rate of 15% provided it continues to meet HNTE qualification standards on an annual basis. SG qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2024. HX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. LH qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2016 to 2024. WLT qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. CX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of CX expired in July 2021. Under the PRC Income Tax Laws, during the period from January 1, 2010 to December 31, 2030, an enterprise which established in region of Holgus and Kashgar is entitled to a preferential tax rate of 0% in five consecutive years and a preferential tax rate of 9% for the next five years since the first-year income generated from operations provided it continues to meet the conditions within the required scope. Holgus X qualifies for the conditions and entitled for a preferential tax rate of 0% from 2017 to 2021 and a preferential tax rate of 9% from 2022 to 2026. Kashgar Times qualifies for the conditions and entitled for a preferential tax rate of 0% from 2016 to 2020 and a preferential tax rate of 9% from 2021 to 2025. Holgus H qualifies for the conditions and entitled for a preferential tax rate of 0% from 2020 to 2025 and a preferential tax rate of 9% from 2026 to 2030. Kashgar Lehong qualifies for the conditions and entitled for a preferential tax rate of 0% from 2020 to 2025 and a preferential tax rate of 9% from 2026 to 2030.
CY2020 sj Preferential Tax Rate
PreferentialTaxRate
39876000 cny
CY2021 sj Preferential Tax Rate
PreferentialTaxRate
34561000 cny
CY2022 sj Preferential Tax Rate
PreferentialTaxRate
33892000 cny
CY2022 sj Preferential Tax Rate
PreferentialTaxRate
4914000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5459000 cny
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5285000 cny
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19469000 cny
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2822000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1945000 cny
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
319000 cny
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1402000 cny
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-203000 usd
CY2020 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
7404000 cny
CY2021 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
5604000 cny
CY2022 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
18067000 cny
CY2022 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
2619000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
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
CY2020 sj Effective Income Tax Rate Reconciliation Of Taxpreferential Entities
EffectiveIncomeTaxRateReconciliationOfTaxpreferentialEntities
-0.222 pure
CY2021 sj Effective Income Tax Rate Reconciliation Of Taxpreferential Entities
EffectiveIncomeTaxRateReconciliationOfTaxpreferentialEntities
-0.232 pure
CY2022 sj Effective Income Tax Rate Reconciliation Of Taxpreferential Entities
EffectiveIncomeTaxRateReconciliationOfTaxpreferentialEntities
-0.159 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.012 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.085 pure
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
171000 cny
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
630000 cny
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
91000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4181000 cny
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3707000 cny
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
538000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4352000 cny
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4337000 cny
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
629000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
58746000 cny
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
61236000 cny
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
8878000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
58746000 cny
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
61236000 cny
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
8878000 usd
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
96300 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6023700 shares
CY2021 sj Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3
P2Y1M6D
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1059000 cny
CY2022Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1115000 cny
CY2022Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
162000 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
4038000 cny
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
619000 usd
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
63250 shares
CY2022 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
5
CY2022 sj Description Of Spac Transaction
DescriptionOfSPACTransaction
Prior to the closing of the SPAC Transaction, the Company issued 533,000 Class A ordinary shares to the financial advisors and underwriter with fair value of RMB18,713 (US$ 2,868) based on share price of U$5.0 per ordinary share at the time of the transaction. 
CY2022 sj Original Shareholders Percentage
OriginalShareholdersPercentage
0.70 pure
CY2022 sj Average Closing Price Term
AverageClosingPriceTerm
P15D
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
108230 shares
CY2021Q4 sj Gross Proceeds Amount
GrossProceedsAmount
664670 cny
CY2022 sj Annual General Meeting Of Shareholders Description
AnnualGeneralMeetingOfShareholdersDescription
(i) the adoption of a dual-class share structure, pursuant to which the Company’s authorized share capital shall be re-classified and re-designed into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one (1) vote and each Class B ordinary share being entitled to ten (10) votes at a meeting of the shareholders or on any resolution of shareholders; and (ii) the authorization to the Company to issue up to 50,000,000 Class A Preferred Shares with such designations, powers, preferences and relative, participation, optional and other rights, if any, and such qualifications, limitations and restrictions as the directors may determine among other matters. Additionally, together with the adoption of a dual-class share structure, 2,625,058 Class A ordinary shares held by Heshine Holdings Limited have been converted into 2,625,058 Class B ordinary shares.
CY2022Q4 us-gaap Cash
Cash
127000000 cny
CY2022Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
127000 cny
CY2022Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
18000 usd
CY2022Q4 sj Aggregate Common Shares
AggregateCommonShares
794120 shares
CY2019Q1 sj Public Warrants Assumed From Wealthbridges Initial Public Offering
PublicWarrantsAssumedFromWealthbridgesInitialPublicOffering
5750000 shares
CY2019 sj Private Warrants Assumed From Wealthbridges Private Placement
PrivateWarrantsAssumedFromWealthbridgesPrivatePlacement
270000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6020000 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y1M6D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2024-02-04
CY2021 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
100000000 usd
CY2021 sj Share Based Compensation Arrangement By Share Based Payments Award Expiration Dates
ShareBasedCompensationArrangementByShareBasedPaymentsAwardExpirationDates
2024-02-04
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6023700 shares
CY2022 sj Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3
P1Y1M6D
CY2022 sj Share Based Compensation Arrangement By Share Based Payments Award Expiration Dates
ShareBasedCompensationArrangementByShareBasedPaymentsAwardExpirationDates
2024-02-04
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6023700 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y1M6D
CY2022 sj Share Based Compensation Arrangement By Share Based Payment Awards Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate
2024-02-04
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
3011850 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y1M6D
CY2022Q4 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2024-02-04
CY2019Q1 sj Description Of Unit Purchase Option
DescriptionOfUnitPurchaseOption
the Company sold to Chardan, for $100, an option to purchase up to 375,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $4,312,500) exercisable on the completion of the SPAC Transaction on May 7, 2020. On February 20, 2019, in connection with the underwriters’ election to exercise the over-allotment option in full, the Company issued Chardan an option to purchase up to an additional 56,250 Units exercisable at $11.50 per Unit for no additional consideration. Each Unit consists of one ordinary share, one redeemable warrant and one right (together “UPO”). The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires February 5, 2024. For the year ended December 31, 2021, 100,000 UPO have been exercised for 110,000 shares. As of December 31, 2022, the Company had UPO units exercisable for 530,000 Class A ordinary shares with weighted average life of 1.1 years and expiring on February 5, 2024.
CY2022 us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
100 usd
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1286000 usd
CY2022 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
0.35 pure
CY2022 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
0.0244 pure
CY2022 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term1
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1
P5Y
CY2020 sj Description Of Earnout Liability
DescriptionOfEarnoutLiability
As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company.
CY2021 sj Description Of Earnout Liability
DescriptionOfEarnoutLiability
As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB128,119 as shares to be issued in the equity of the Company.
CY2022 sj Description Of Earnout Liability
DescriptionOfEarnoutLiability
As a result, there was 995,118 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB13,106 as shares to be issued in the equity of the Company.
CY2022Q4 sj Issuance Total
IssuanceTotal
507804 shares
CY2021Q4 sj Issuance Total
IssuanceTotal
540960 shares
CY2022Q4 sj Issuances Total
IssuancesTotal
0.9387 pure
CY2022Q4 sj Total Shares
TotalShares
487314 shares
CY2022Q4 sj Appropriation To General Reserve Percentage Of Profit Net Of Tax
AppropriationToGeneralReservePercentageOfProfitNetOfTax
0.10 pure
CY2022Q4 sj General Reserve Fund Maximum Threshold As Percentage Of Registered Capital
GeneralReserveFundMaximumThresholdAsPercentageOfRegisteredCapital
0.50 pure
CY2021Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
31775000 cny
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
39208000 cny
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
5685000 usd
CY2021Q4 us-gaap Other Restricted Assets
OtherRestrictedAssets
240092000 cny
CY2020 sj Stock Issued During Period Value Appropriation To Statutory Reserves
StockIssuedDuringPeriodValueAppropriationToStatutoryReserves
cny
CY2022Q4 us-gaap Other Restricted Assets
OtherRestrictedAssets
394521000 cny
CY2022Q4 us-gaap Other Restricted Assets
OtherRestrictedAssets
57200000 usd
CY2022 dei Entity Registrant Name
EntityRegistrantName
Scienjoy Holding Corp
CY2022 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
cny
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
cny
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
cny
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
cny
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
cny
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
cny
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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