XML 59 R38.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Prepayments and Other Current Assets, Net (Tables)
12 Months Ended
Dec. 31, 2023
Schedule of prepayments and other current assets, net

 

As of December 31,

 

2022

 

2023

 

RMB

 

RMB

 

US$

Other receivables from advertisers

 

857,135

 

878,754

 

123,770

Advances to suppliers

 

137,419

 

139,772

 

19,686

Prepaid expenses

 

25,506

 

26,144

 

3,682

Inventories (i)

 

16,695

 

40,573

 

5,715

Receivable from third-party payment platform

 

51,014

 

29,573

 

4,165

Convertible loans

 

10,093

 

10,465

 

1,474

Others

 

72,371

 

68,975

 

9,715

Impairment of prepayments and inventory

 

(102,145)

 

(108,003)

 

(15,212)

Allowance for credit losses

 

(99,943)

 

(113,126)

 

(15,933)

Total

 

968,145

 

973,127

 

137,062

 

(i)
Inventories consist of materials and finished goods, as of December 31, 2022 and 2023, inventories net of impairment reserve were RMB4,283 and RMB28,042(US$3,950). For the years ended December 31, 2021, 2022 and 2023, the group recorded impairment reserve of RMB7,618, nil and RMB2,627(US$370) , respectively.
Schedule of movement in the allowance for credit losses

The movements in the allowance for credit losses were as follows:

 

Year ended December 31,

 

 

2022

 

 

2023

 

 

RMB

 

 

RMB

 

 

USD

 

Balance as of January 1

 

 

102,985

 

 

 

99,943

 

 

 

14,077

 

Addition

 

 

19,266

 

 

 

12,243

 

 

 

1,724

 

Amounts written off

 

 

(27,623

)

 

 

 

 

 

 

Foreign Exchange effect

 

 

5,315

 

 

 

940

 

 

 

132

 

Balance as of December 31

 

 

99,943

 

 

 

113,126

 

 

 

15,933