XML 69 R51.htm IDEA: XBRL DOCUMENT v3.24.1.u1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAXES

Summary of income (loss) before income taxes

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2021		2022		2023
PRC including Hong Kong and Taiwan	​	617	​	(483)	​	5,833
Germany		(632)		(410)		(463)
Other		(393)		(713)		(21)
Total		(408)		(1,606)		5,349

Schedule of tax expense (benefit)

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2021		2022		2023
Current Tax		555		475		1,175
Deferred Tax		(543)		(268)		29
Total		12		207		1,204

Schedule of a reconciliation between the effective income tax rate and PRC statutory income tax rate

​

​	​	​	​	​	​	​	​
​	​	Years Ended December 31,					​
​		2021		2022		2023	​
PRC statutory tax rate		25	%	25	%	25	%
Tax effect of non-deductible expenses and non-taxable income in determining taxable profit		(6)	%	(6)	%	2	%
Effect of different tax rate of group entities operating in other jurisdictions		(6)	%	(10)	%	(4)	%
Effect of change in valuation allowance		(24)	%	(15)	%	(0)	%
Effect of tax holiday		9	%	1	%	(1)	%
Effect of cash dividends		(8)	%	(6)	%	1	%
Effect of excess tax benefit of share-based rewards		7	%	(2)	%	(0)	%
Effective tax rate		(3)	%	(13)	%	23	%

Schedule of the aggregate amount and per share effect of the tax holidays

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2021		2022		2023
Aggregate amount		37		22		60
Per share effect—basic		0.01		0.01		0.02
Per share effect—diluted		0.01		0.01		0.02

Schedule of the principal components of the Group's deferred income tax assets and liabilities

​

​	​	​	​	​
​	​	As of December 31,
​		2022		2023
Deferred tax assets:
Net loss carryforward		1,678		1,289
Deferred revenue		349		454
Long-term assets		303		399
Bad debt provision		59		80
Accrued payroll		41		(10)
Other accrued expenses		(9)		74
Share-based compensation		31		33
Others		150		198
Valuation allowance		(731)		(675)
Total deferred tax assets, net of valuation allowance		1,871		1,842
Deferred tax liabilities:		​		​
Fair value adjustment for building, land use rights and identified intangible assets due to acquisition		1,596		1,593
Others		40		51
Total deferred tax liabilities	​	1,636		1,644
Net deferred tax assets	​	235	​	198
Analysis as:	​	​	​	​
Deferred tax assets	​	1,093	​	1,043
Deferred tax liabilities	​	858	​	845
Net deferred tax assets		235	​	198

Summary of movement of the valuation allowance

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2021		2022		2023
Balance at the beginning of the year	​	(369)	​	(466)	​	(731)
Provided		(151)		(338)		(145)
Reversed		37		41		165
Written off		17		32		36
Balance at the end of the year		(466)		(731)		(675)

Schedule of unrecognized tax benefits

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2021		2022		2023
Balance at the beginning of the year		50		60		65
Addition for tax positions		10		5		2
Balance at the end of the year		60		65		67

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

+ Details

Name:	us-gaap_SummaryOfIncomeTaxHolidayTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration