2023 Q4 Form 20-F Financial Statement

#000121390024036648 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $428.3M $206.3M $533.8M
YoY Change -19.77% -27.14% 7.16%
Cost Of Revenue $374.1M $179.2M $528.9M
YoY Change -29.26% -26.0% 24.12%
Gross Profit $54.17M $27.15M $4.979M
YoY Change 987.91% -33.89% -93.09%
Gross Profit Margin 12.65% 13.16% 0.93%
Selling, General & Admin $22.44M $10.84M $10.64M
YoY Change 110.91% 18.4% -53.11%
% of Gross Profit 41.43% 39.92% 213.68%
Research & Development $17.45M $10.58M $13.82M
YoY Change 26.26% 8.05% -54.3%
% of Gross Profit 32.22% 38.98% 277.61%
Depreciation & Amortization $174.0K $4.000M
YoY Change 4.19%
% of Gross Profit 0.64% 80.34%
Operating Expenses $39.89M $21.42M $24.46M
YoY Change 63.08% 13.05% -53.79%
Operating Profit $14.28M $3.212M -$19.48M
YoY Change -173.28% -85.48% -201.87%
Interest Expense -$1.198M -$39.50M $25.11M
YoY Change -104.77% -239.96% -1067.33%
% of Operating Profit -8.39% -1229.73%
Other Income/Expense, Net $2.076M $1.049M $2.812M
YoY Change -26.17% -97.03% -103.33%
Pretax Income $3.355M -$3.732M $8.442M
YoY Change -60.26% -112.07% -112.43%
Income Tax $989.0K $1.194M $4.875M
% Of Pretax Income 29.48% 57.75%
Net Earnings $3.952M -$4.336M $3.971M
YoY Change -0.48% -115.32% -105.88%
Net Earnings / Revenue 0.92% -2.1% 0.74%
Basic Earnings Per Share -$0.11
Diluted Earnings Per Share $0.10 -$0.11 $0.10
COMMON SHARES
Basic Shares Outstanding 40.65M shares
Diluted Shares Outstanding 40.65M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.46M $237.0M $65.96M
YoY Change -8.34% 9.8% -76.42%
Cash & Equivalents $28.94M $205.5M $25.42M
Short-Term Investments $31.53M $31.53M 40.55M cnies
Other Short-Term Assets $11.08M $31.24M $16.70M
YoY Change -33.66% -54.52% -89.9%
Inventory
Prepaid Expenses $848.0K $1.403M
Receivables $36.76M $261.0M $45.91M
Other Receivables $355.0K $47.77M $1.115M
Total Short-Term Assets $81.27M $577.0M $94.07M
YoY Change -13.61% -11.07% -85.58%
LONG-TERM ASSETS
Property, Plant & Equipment $309.0K $14.35M $397.0K
YoY Change -22.17% -34.61% -76.28%
Goodwill $25.70M $25.05M
YoY Change 2.59% -72.79%
Intangibles $58.05M $60.76M
YoY Change -4.45% -74.24%
Long-Term Investments $254.4M $254.4M $234.2M
YoY Change 8.64% 8.64% 130.2%
Other Assets $8.105M $8.105M $5.290M
YoY Change 53.21% 53.21% -3.89%
Total Long-Term Assets $122.7M $871.5M $123.7M
YoY Change -0.78% 2.14% -71.68%
TOTAL ASSETS
Total Short-Term Assets $81.27M $577.0M $94.07M
Total Long-Term Assets $122.7M $871.5M $123.7M
Total Assets $204.0M $1.448B $217.8M
YoY Change -6.32% -3.57% -80.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.31M $73.18M $16.86M
YoY Change -38.85% -37.05% -80.36%
Accrued Expenses $50.35M $50.35M $32.87M
YoY Change 53.19% 53.19% -19.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $5.000M
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.97M $234.1M $38.50M
YoY Change -14.35% -11.83% -82.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.798M $4.798M $12.77M
YoY Change -62.44% -62.44%
Total Long-Term Liabilities $9.101M $4.798M $10.73M
YoY Change -15.18% -62.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.97M $234.1M $38.50M
Total Long-Term Liabilities $9.101M $4.798M $10.73M
Total Liabilities $42.08M $297.9M $49.23M
YoY Change -14.53% -12.75% -82.41%
SHAREHOLDERS EQUITY
Retained Earnings $88.57M $96.43M
YoY Change -8.15% -79.88%
Common Stock $3.465M
YoY Change -73.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.707M $2.390M
YoY Change 13.26%
Treasury Stock Shares
Shareholders Equity $162.1M $1.151B $168.3M
YoY Change
Total Liabilities & Shareholders Equity $204.0M $1.448B $217.8M
YoY Change -6.32% -3.57% -80.01%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $3.952M -$4.336M $3.971M
YoY Change -0.48% -115.32% -105.88%
Depreciation, Depletion And Amortization $174.0K $4.000M
YoY Change 4.19%
Cash From Operating Activities $14.46M $44.00M
YoY Change 73.33%
INVESTING ACTIVITIES
Capital Expenditures $69.00K $1.300M
YoY Change -77.88%
Acquisitions
YoY Change
Other Investing Activities -$66.70M -$32.00M
YoY Change -39.96%
Cash From Investing Activities -$9.462M -$33.20M
YoY Change -42.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $385.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$735.0K -11.50M
YoY Change -55.86%
NET CHANGE
Cash From Operating Activities $14.46M 44.00M
Cash From Investing Activities -$9.462M -33.20M
Cash From Financing Activities -$735.0K -11.50M
Net Change In Cash $4.250M -700.0K
YoY Change -144.65%
FREE CASH FLOW
Cash From Operating Activities $14.46M $44.00M
Capital Expenditures $69.00K $1.300M
Free Cash Flow $14.40M $42.70M
YoY Change 79.2%

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CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022 us-gaap Interest Income Other
InterestIncomeOther
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CY2023 us-gaap Interest Income Other
InterestIncomeOther
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CY2023 us-gaap Interest Income Other
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CY2022 us-gaap Other Nonoperating Income Expense
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
213292000 cny
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5604000 cny
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1194000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021 us-gaap Net Income Loss
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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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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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955000 cny
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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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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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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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
ComprehensiveIncomeNetOfTax
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CY2023 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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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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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
40649414 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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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
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Earnings Per Share Diluted
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Profit Loss
ProfitLoss
170012000 cny
CY2021 sj Stock Issued During Period Value Issuance Shares For Private Placement
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CY2021 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
4340000 cny
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021 sj Stock Issued During Period Value Shares To Be Issued For Achievement Of Earnout Target
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 sj Stock Issued During Period Value Shares Issued For Weiliantong Acquisition
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022 sj Stock Issued During Period Value Shares To Be Issued For Achievement Of Earnout Target
StockIssuedDuringPeriodValueSharesToBeIssuedForAchievementOfEarnoutTarget
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CY2022 sj Stock Issued During Period Value Shares To Be Issued For Weiliantong Acquisition
StockIssuedDuringPeriodValueSharesToBeIssuedForWeiliantongAcquisition
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CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
16482000 cny
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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955000 cny
CY2022 us-gaap Profit Loss
ProfitLoss
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 sj Stock Issued During Period Value Shares To Be Issued For Achievement Of Earnout Target
StockIssuedDuringPeriodValueSharesToBeIssuedForAchievementOfEarnoutTarget
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CY2023 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2023 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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Depreciation
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CY2022 us-gaap Depreciation
Depreciation
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CY2023 us-gaap Depreciation
Depreciation
1237000 cny
CY2023 us-gaap Depreciation
Depreciation
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CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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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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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 sj Change In Fair Value Of Contingent Considerations
ChangeInFairValueOfContingentConsiderations
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CY2022 sj Change In Fair Value Of Contingent Considerations
ChangeInFairValueOfContingentConsiderations
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CY2023 sj Change In Fair Value Of Contingent Considerations
ChangeInFairValueOfContingentConsiderations
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CY2023 sj Change In Fair Value Of Contingent Considerations
ChangeInFairValueOfContingentConsiderations
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CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2021 sj Change In Fair Value Of Investment In Marketable Security
ChangeInFairValueOfInvestmentInMarketableSecurity
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CY2022 sj Change In Fair Value Of Investment In Marketable Security
ChangeInFairValueOfInvestmentInMarketableSecurity
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CY2023 sj Change In Fair Value Of Investment In Marketable Security
ChangeInFairValueOfInvestmentInMarketableSecurity
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CY2023 sj Change In Fair Value Of Investment In Marketable Security
ChangeInFairValueOfInvestmentInMarketableSecurity
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CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
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CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
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CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
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CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
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CY2023 sj Impairment Of Longterm Investments
ImpairmentOfLongtermInvestments
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CY2023 sj Impairment Of Longterm Investments
ImpairmentOfLongtermInvestments
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7052000 cny
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
993000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
151657000 cny
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
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CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
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CY2023 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
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CY2023 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
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CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
18712000 cny
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
25503000 cny
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
15838000 cny
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
22397000 cny
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4203000 cny
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
592000 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
6392000 cny
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2335000 cny
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
329000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
3825000 cny
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1033000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5249000 cny
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57551000 cny
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14464000 usd
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
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CY2023 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
212000 cny
CY2023 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
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CY2022 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
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CY2023 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
3546000 cny
CY2023 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
499000 usd
CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
107000000 cny
CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2021 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
2153000 cny
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
493000 cny
CY2023 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
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 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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CY2023 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
1751000 cny
CY2023 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
247000 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
760000 cny
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
107000 usd
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
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CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
5000000 cny
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
704000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
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CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
1408000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16482000 cny
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2734000 cny
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
385000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15284000 cny
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 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
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1522000 cny
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021 sj Income Taxe Paid
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CY2022 sj Income Taxe Paid
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CY2023 sj Income Taxe Paid
IncomeTaxePaid
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CY2023 sj Income Taxe Paid
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CY2021 sj Conversion Of Convertible Notes And Rights
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CY2022 sj Recognition Of Contingent Consideration
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CY2022 sj Issuance Of Class A Ordinary Shares For Acquisition
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CY2021 sj Issuance Of Class A Ordinary Shares For Achievement Of Earnout Target
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CY2022 sj Issuance Of Class A Ordinary Shares For Achievement Of Earnout Target
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CY2023 sj Issuance Of Class A Ordinary Shares For Achievement Of Earnout Target
IssuanceOfClassAOrdinarySharesForAchievementOfEarnoutTarget
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CY2023 sj Issuance Of Class A Ordinary Shares For Achievement Of Earnout Target
IssuanceOfClassAOrdinarySharesForAchievementOfEarnoutTarget
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CY2022 sj Issuance Of Class B Ordinary Shares For Achievement Of Earnout Target
IssuanceOfClassBOrdinarySharesForAchievementOfEarnoutTarget
10855000 cny
CY2021 sj Shares To Be Issued For Achievement Of Earnout Target
SharesToBeIssuedForAchievementOfEarnoutTarget
128119000 cny
CY2022 sj Shares To Be Issued For Achievement Of Earnout Target
SharesToBeIssuedForAchievementOfEarnoutTarget
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CY2023 sj Shares To Be Issued For Achievement Of Earnout Target
SharesToBeIssuedForAchievementOfEarnoutTarget
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CY2023 sj Shares To Be Issued For Achievement Of Earnout Target
SharesToBeIssuedForAchievementOfEarnoutTarget
1403000 usd
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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25474000 cny
CY2023 us-gaap Stock Issued1
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CY2023 us-gaap Stock Issued1
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CY2023 sj Long Term Effective Term Year
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CY2023 sj Term Renewed
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CY2023 us-gaap Use Of Estimates
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CY2022Q4 us-gaap Marketable Securities
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CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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4502000 usd
CY2023Q4 us-gaap Marketable Securities
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31525000 usd
CY2023 sj Earn Out Liability Description
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As of December 31, 2022, Beelive has achieved 93.87% of the Beelive Earn-out Target 2022 and Weiliantong has achieved 100% of Weiliantong Earn-out Target 2022. As a result, 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. As of December 31, 2022, there was 995,118 earn-out shares required to be issued and the Company included it in the calculation of earnings per share. Upon issuance of this report, a total of 507,804 shares (540,960 * 93.87%) has been issued to Cosmic Soar, the previous shareholder of Beelieve and a total of 487,314 share has been issue to Wolter Global, the previous shareholder of Weilingtong.
CY2023Q4 sj Related Portion Of Earnout Liability
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CY2023Q4 us-gaap Excess Stock Shares Issued
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CY2022Q4 us-gaap Other Liabilities
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
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CY2021 us-gaap Revenues
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CY2022 us-gaap Revenues
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CY2023 us-gaap Revenues
Revenues
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CY2023 us-gaap Revenues
Revenues
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CY2021Q4 us-gaap Deferred Revenue
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CY2022Q4 us-gaap Deferred Revenue
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CY2023Q4 us-gaap Deferred Revenue
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CY2023Q4 us-gaap Deferred Revenue
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CY2022 us-gaap Other Income
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CY2023 us-gaap Other Income
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CY2023 us-gaap Other Income
OtherIncome
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CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4794000 cny
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2118000 cny
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1350000 cny
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
190000 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
14370000 cny
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
19261000 cny
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
18181000 cny
CY2023Q4 us-gaap Accrued Employee Benefits Current
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2561000 usd
CY2023Q4 us-gaap Derivative Basis Spread On Variable Rate
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CY2023 sj General Reserve Fund Rate
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CY2023 sj Reserve Fund Reached Percentage
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CY2023 sj Statutory Surplus Fund Percentage
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0.10 pure
CY2023 sj Surplus Fund Reached Percentage
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CY2023Q4 us-gaap Shares Issued
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CY2023 us-gaap Minority Interest Description
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CY2022 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
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CY2023 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
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CY2023 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
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CY2023Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
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CY2021 sj Business Acquisition Pro Forma Gross Profit
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CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2023Q4 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
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CY2022Q4 us-gaap Accounts Notes And Loans Receivable Net Current
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CY2023 sj Additions Accounts Receivables
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CY2022 sj Exchange Difference
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CY2023 sj Exchange Difference
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CY2023 sj Exchange Difference
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CY2023Q4 us-gaap Accounts Notes And Loans Receivable Net Current
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CY2023Q4 us-gaap Accounts Notes And Loans Receivable Net Current
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CY2022Q4 us-gaap Value Added Tax Receivable Current
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CY2023Q4 us-gaap Value Added Tax Receivable Current
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CY2023Q4 us-gaap Value Added Tax Receivable Current
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CY2023Q4 us-gaap Prepaid Expense Current
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CY2023Q4 us-gaap Prepaid Expense Current
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CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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30000000 cny
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2023Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Other Receivables
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CY2022Q4 us-gaap Other Assets Current
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CY2023Q4 us-gaap Other Assets Current
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CY2023Q4 us-gaap Other Assets Current
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CY2023Q3 us-gaap Common Unit Issuance Value
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us-gaap Line Of Credit Facility Interest Rate During Period
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CY2023 us-gaap Payments To Acquire Loans Receivable
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2021 us-gaap Depreciation
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CY2022 us-gaap Depreciation
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CY2023 us-gaap Depreciation
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CY2023 us-gaap Depreciation
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CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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412154000 cny
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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58051000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
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CY2022 us-gaap Cost Of Goods And Services Sold Amortization
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CY2023 us-gaap Cost Of Goods And Services Sold Amortization
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CY2023 us-gaap Cost Of Goods And Services Sold Amortization
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981000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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6967000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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981000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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CY2022 sj Long Term Investment Addition
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CY2022Q4 us-gaap Other Long Term Investments
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CY2023 sj Long Term Investment Addition
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CY2023 us-gaap Increase Decrease In Long Term Receivables Current
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CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2023 sj Long Term Investment Impairment
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CY2023 sj Long Term Investment Impairment
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CY2023Q4 us-gaap Other Long Term Investments
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CY2023Q4 us-gaap Other Long Term Investments
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CY2022Q3 us-gaap Minority Interest
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CY2022Q3 sj Amount Fully Paid
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CY2021Q4 sj Invested Amount
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CY2021Q4 sj Equity Investment Percentage
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CY2023Q1 sj Invested Amount
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CY2023 sj Invested Amount
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CY2023Q3 sj Invested Amount
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CY2023Q3 sj Invested Amount
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CY2023Q3 sj Equity Investment Percentage
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CY2023Q3 us-gaap Investments
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CY2023 sj Invested Amount
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CY2024Q1 sj Invested Amount
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CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023Q4 us-gaap Rental Properties
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CY2023Q4 us-gaap Rental Properties
RentalProperties
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CY2022Q4 us-gaap Prepaid Advertising
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CY2023Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
269000 cny
CY2023Q4 us-gaap Prepaid Advertising
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100000 shares
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CY2021 sj Description Of Earnout Liability
DescriptionOfEarnoutLiability
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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.
CY2023Q2 us-gaap Shares Issued
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995118 shares
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434093 shares
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
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P36D
CY2023 dei Amendment Flag
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false
CY2023 dei Document Fiscal Period Focus
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FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001753673

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0001213900-24-036648.txt Edgar Link pending
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