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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables)

12 Months Ended

Dec. 31, 2023

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Schedule of condensed balance sheets

​

​	​	​	​	​	​	​
​		As of December 31,
​		2022		2023		2023
​	​	RMB	​	RMB	​	US$
​	​	(in thousands, except for number of shares and per share data)
ASSETS
Current assets
Cash and cash equivalents		186,825	​	138,574	​	19,518
Amounts due from subsidiaries		282,687	​	315,959	​	44,502
Prepayments and other current assets	​	—	​	4,205	​	592
Total current assets		469,512	​	458,738	​	64,612
Non-current assets		​	​	​	​	​
Investments in subsidiaries, the VIE and VIE’s subsidiaries		306,751	​	506,526	​	71,343
Other non-current assets	​	2,382	​	2,422	​	341
Total non-current assets		309,133	​	508,948	​	71,684
Total assets		778,645	​	967,686	​	136,296
LIABILITIES		​	​	​	​	​
Current liabilities		​	​	​	​	​
Amounts due to subsidiaries and the VIE		2,092	​	5,973	​	841
Accrued expenses and other current liabilities		7,101	​	3,909	​	551
Total current liabilities		9,193	​	9,882	​	1,392
Total liabilities		9,193	​	9,882	​	1,392
SHAREHOLDERS’ EQUITY				​		​
Ordinary shares (par value of US$0.0001 per share, 700,000,000 Class A shares authorized as of December 31, 2022 and December 31, 2023; 125,122,382 Class A shares issued and 121,722,467 outstanding as of December 31, 2022; 125,122,382 Class A shares issued and 119,704,787 outstanding as of December 31, 2023; 200,000,000 Class B shares authorized, 144,000,000 Class B ordinary shares issued and outstanding as of December 31, 2022 and December 31, 2023; 100,000,000 shares (undesignated) authorized, nil shares (undesignated) issued and outstanding as of December 31, 2022 and December 31, 2023)		185	​	185	​	26
Additional paid-in capital		1,079,099	​	1,088,628	​	153,330
Treasury stock		(7,123)	​	(16,665)	​	(2,347)
Accumulated other comprehensive income		10,497	​	17,955	​	2,529
Accumulated deficit		(313,206)	​	(132,299)	​	(18,634)
Total shareholders’ equity		769,452	​	957,804	​	134,904
Total liabilities and shareholders’ equity		778,645	​	967,686	​	136,296

Schedule of condensed statements of results of operations and cash flows

​

​	​	​	​	​	​	​	​	​
​		For the year ended December 31,
​		2021		2022		2023		2023
​	​	RMB	​	RMB	​	RMB	​	US$
​	​	(in thousands)
Operating expenses
General and administrative expenses		(22,755)	​	(18,993)	​	(16,011)	​	(2,255)
Total operating expenses		(22,755)	​	(18,993)	​	(16,011)	​	(2,255)
Operating loss		(22,755)	​	(18,993)	​	(16,011)	​	(2,255)
Share of income (loss) from subsidiaries, the VIE and VIE’s subsidiaries		(15,874)	​	126,241	​	190,880	​	26,885
Other income, net		1,578	​	2,571	​	6,038	​	849
Income (loss) before income taxes		(37,051)	​	109,819	​	180,907	​	25,479
Income tax expenses		—	​	—	​	—	​	—
Net income (loss)		(37,051)	​	109,819	​	180,907	​	25,479
Total comprehensive income (loss)		(49,867)	​	154,993	​	188,365	​	26,529
​	​	​	​	​	​	​	​	​
Net cash used in operating activities		(15,837)	​	(18,992)	​	(15,968)	​	(2,249)
Net cash provided by (used in) investing activities		127,514	​	(1,655)	​	(25,483)	​	(3,589)
Net cash provided by (used in) financing activities		313	​	(6,956)	​	(9,448)	​	(1,331)
Effect of exchange rate changes on cash and cash equivalents		(3,787)	​	17,047	​	2,648	​	373
Net change in cash and cash equivalents		108,203	​	(10,556)	​	(48,251)	​	(6,796)
Cash and cash equivalents at the beginning of the year		89,178	​	197,381	​	186,825	​	26,314
Cash and cash equivalents at the end of the year		197,381	​	186,825	​	138,574	​	19,518

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- Definition

Tabular disclosure of condensed income statement and statement of cash flows.

+ References

No definition available.

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- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

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