XML 45 R28.htm IDEA: XBRL DOCUMENT

Principal Activities and Organization (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Principal Subsidiaries and Consolidated VIE

As of December 31, 2021, the Company’s principal subsidiaries and consolidated VIE are as follows:

Place of
incorporation

Date of incorporation

Equity
interest held

Principal activities

Subsidiaries

Techfish Limited

Hong Kong, China

February 14, 2014

100

Investment holding

Beijing Glorywolf Co., Ltd.
(“Glory”, or the “WFOE”)

Beijing, China

May 7, 2014

100

Online recruitment
assisting service

VIE

Beijing Huapin Borui Network Technology Co., Ltd. (“Huapin”)

Beijing, China

December 25, 2013

100

Online recruitment
assisting service

Schedule of variable interest entities

The following table set forth the assets, liabilities, results of operations and changes in cash and cash equivalents of the consolidated VIE and VIE’s subsidiaries taken as a whole, which were included in the Group’s consolidated financial statements with intercompany transactions

eliminated:


	As of December 31,
	2020		2021
	RMB		RMB
ASSETS
Current assets
Cash and cash equivalents		183,199		864,851
Short-term investments		525,506		864,557
Accounts receivable		6,999		1,002
Amounts due from Group companies		36,859		86,989
Amounts due from related parties		—		6,615
Prepayments and other current assets		146,244		487,598

Total current assets		898,807		2,311,612

Non-current assets
Property, equipment and software, net		191,242		368,381
Intangible assets, net		549		458
Right-of-use assets, net		144,063		301,288
Other non-current assets		—		4,000

Total non-current assets		335,854		674,127

Total assets		1,234,661		2,985,739


	As of December 31,
	2020		2021
	RMB		RMB
LIABILITIES
Current liabilities
Accounts payable		41,839		52,938
Deferred revenue		1,200,349		1,958,570
Other payables and accrued liabilities		415,273		626,151
Amounts due to Group companies		372,427		27,223
Operating lease liabilities, current		59,559		124,464

Total current liabilities		2,089,447		2,789,346

Non-current liabilities
Operating lease liabilities, non-current		76,373		178,844

Total liabilities		2,165,820		2,968,190


	For the year ended December 31,
	2019			2020			2021
	RMB			RMB			RMB
Total revenues		998,720			1,944,359			4,259,128
Cost of revenues		(133,553	)		(232,261	)		(554,575	)
Net ( loss ) /income		(464,373	)		(303,061	)		551,133


	For the year ended December 31,
	2019			2020			2021
	RMB			RMB			RMB
Net cash (used in)/generated from operating activities		(25,658	)		494,187			1,717,104
Net cash used in investing activities		(66,029	)		(632,568	)		(591,213	)
Net cash generated from/(used in) financing activities		103,596			260,484			(444,239	)

Net increase in cash and cash equivalents		11,909			122,103			681,652
Cash and cash equivalents at beginning of year		49,187			61,096			183,199

Cash and cash equivalents at end of year		61,096			183,199			864,851

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details