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Parent Company Only Condensed Financial Information
12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
26. Parent company only condensed financial information
The condensed financial information of the Company has been prepared in accordance with SEC Regulation
S-X
Rule
5-04
and Rule
12-04,
using the same accounting policies as set out in the Group’s consolidated financial statements, except that the Company uses the equity method to account for investments in its subsidiaries and VIE.
The subsidiaries did not pay any dividend to the Company for the years presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general- purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company.
The Company did not have significant capital and other commitments or guarantees as of December 31, 2022. The subsidiaries did not pay any dividend to the Company for the years presented.
The Condensed Financial Information of the Parent Company for the year ended December 31, 2020 has been revised to correct an immaterial error related to presentation of cash flows of amount due from subsidiary. Such cash flow was previously presented in error as cash flows from operating activities of the Parent Company and has been revised to cash flows from investing activities of the Parent Company. The impact of the above presentation error was not material to the previously issued financial statements taken as a whole.
 
Balance sheet
 
     As of December 31,  
     2021      2022  
     RMB      RMB      USD$
Note 2(f)
 
Assets
                          
Cash and cash equivalent
     16,291        5,613        814  
Amount due from related parties
     106        149        22  
Prepaid expense and other receivables
     291,666        316,172        45,839  
Long-term investments
     76,030        44,307        6,424  
    
 
 
    
 
 
    
 
 
 
Total assets
     384,093        366,241        53,099  
    
 
 
    
 
 
    
 
 
 
Liabilities and Shareholders’ equity
                          
Other payables and accrued expenses
     17,892        17,892        2,594  
Contract liabilities
     4,555        3,332        483  
Payroll and welfare payable
     1,582        4,138        600  
    
 
 
    
 
 
    
 
 
 
Total liabilities
     24,029        25,362        3,677  
    
 
 
    
 
 
    
 
 
 
Shareholders’ equity
                          
Class A common shares (US$0.00001 par value; 7,000,000,000 shares authorized as of December 31, 2021 and 2022, respectively; 894,456,046 shares issued as of December 31, 2021 and 2022, respectively; 886,166,726 shares and 873,068,986 shares outstanding as of December 31, 2021 and 2022, respectively)
     62        62        9  
Class B common shares (US$0.00001 par value; 800,000,000 shares authorized as of December 31, 2021 and 2022, respectively; 150,591,207 shares issued and outstanding as of December 31, 2021 and 2022, respectively)
     10        10        1  
Treasury stock (3,436,860 shares and 16,534,600 shares as of December 31, 2021 and December 31, 2022, respectively)
     (9,545      (15,306      (2,219
Additional
paid-in
capital
     896,772        904,935        131,203  
Accumulated other comprehensive loss
     (27,295      (17,695      (2,566
Accumulated deficit
     (499,940      (531,127      (77,006
    
 
 
    
 
 
    
 
 
 
Total shareholders’ equity
     360,064        340,879        49,422  
    
 
 
    
 
 
    
 
 
 
Total liabilities and shareholders’ equity
     384,093        366,241        53,099  
    
 
 
    
 
 
    
 
 
 
 
Statement of Comprehensive Income/(Loss)
 
     Year Ended December 31,  
     2020      2021      2022  
     RMB      RMB      RMB    
USD$
Note 2(f)
 
Operating revenue
                                  
Other income
     228        1,269        1,553       225  
    
 
 
    
 
 
    
 
 
   
 
 
 
Total operating revenue
     228        1,269        1,553       225  
    
 
 
    
 
 
    
 
 
   
 
 
 
Operating cost and expenses
                                  
General and administrative expenses
     (4,611      (5,994      (4,614     (670
    
 
 
    
 
 
    
 
 
   
 
 
 
Operating loss
     (4,383      (4,725      (3,061     (445
    
 
 
    
 
 
    
 
 
   
 
 
 
Other expense
                                  
Interest income
     11        4        —         —    
Unrealized exchange income
     421        —          —         —    
    
 
 
    
 
 
    
 
 
   
 
 
 
Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs
     (3,951      (4,721      (3,061     (445
    
 
 
    
 
 
    
 
 
   
 
 
 
Share of income/(loss) of subsidiaries and VIEs
     (14,341      (102,945      (28,126     (4,078
    
 
 
    
 
 
    
 
 
   
 
 
 
Net profit/(loss)
     (18,292      (107,666      (31,187     (4,523
    
 
 
    
 
 
    
 
 
   
 
 
 
Redeemable preferred shares redemption value accretion
     (4,274      —          —         —    
Allocation to redeemable preferred shares
     1,074        —          —         —    
    
 
 
    
 
 
    
 
 
   
 
 
 
Net profit/(loss) attributable to common shareholders
     (21,492      (107,666      (31,187     (4,523
    
 
 
    
 
 
    
 
 
   
 
 
 
Net profit/(loss)
     (18,292      (107,666      (31,187     (4,523
Foreign currency translation adjustment, net of tax
     (22,386      (5,323      9,600       1,392  
    
 
 
    
 
 
    
 
 
   
 
 
 
Total comprehensive income/(loss)
     (40,678      (112,989      (21,587     (3,131
    
 
 
    
 
 
    
 
 
   
 
 
 
 
Statement of cash flows
 
     Year Ended December 31,  
     2020      2021      2022  
     RMB      RMB      RMB     USD$  
Cash flows from operating activities:
                                  
Net profit/(loss)
     (18,292      (107,666      (31,187     (4,523
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
                                  
Unrealized exchange (income)/loss
     (421      —          —         —    
Share of income/(loss) of subsidiaries and VIEs
     14,341        102,945        28,126       4,078  
Interest income
     (11      —          —         —    
    
 
 
    
 
 
    
 
 
   
 
 
 
       (4,383      (4,721      (3,061     (445
    
 
 
    
 
 
    
 
 
   
 
 
 
Changes in operating assets and liabilities:
                                  
Increase/(decrease) in other payables and accrued expenses
     (1,340      (4,730      —         —    
Increase/(decrease) in contract liabilities
     —          4,555        (1,223     (177
(Increase)/decrease in prepaid expense and other receivables
     —          21        22,800       3,306  
(Increase)/decrease in accounts receivable and contract assets
     (216      216        —         —    
(Increase)/decrease in amount due from related parties
     (189      83        (43     (6
    
 
 
    
 
 
    
 
 
   
 
 
 
Net cash provided by/(used in) operating activities
     (6,128      (4,576      18,473       2,678  
    
 
 
    
 
 
    
 
 
   
 
 
 
Cash flows from investing activities:
                                  
Investments in subsidiaries and consolidated VIEs
     (245      (247      —         —    
Payments of inter-company balances
     (139,123      (161,216      (23,376     (3,389
    
 
 
    
 
 
    
 
 
   
 
 
 
Net cash provided by/(used in) investing activities
     (139,368      (161,463      (23,376     (3,389
    
 
 
    
 
 
    
 
 
   
 
 
 
Cash flows from financing activities:
                                  
Proceeds from initial public offering, net of issuance costs
     340,479        —          —         —    
Proceeds from exercise of options
     503        497        —         —    
Repurchase of Class A common shares
     (2,063      (3,003      (6,659     (965
    
 
 
    
 
 
    
 
 
   
 
 
 
Net cash provided by/(used in) financing activities
     338,919        (2,506      (6,659     (965
    
 
 
    
 
 
    
 
 
   
 
 
 
Effect of exchange rate changes on cash and cash equivalents
     (6,268      (2,381      884       128  
    
 
 
    
 
 
    
 
 
   
 
 
 
Net increase/(decrease) in cash and cash equivalents and restricted cash
     187,155        (170,926      (10,678     (1,548
Total cash and cash equivalents and restricted cash at beginning of year
     62        187,217        16,291       2,362  
    
 
 
    
 
 
    
 
 
   
 
 
 
Total cash and cash equivalents and restricted cash at end of year
     187,217        16,291        5,613       814