v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Ordinary Shares
Common Class A
Ordinary Shares
Common Class B
Ordinary Shares
Additional Paid-in Capital
Treasury stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) Intra-entity foreign currency transaction loss
Retained Earnings
Non controlling Interests
Common Class A
Total
Beginning Balance at Dec. 31, 2020     $ 12,368 $ 542,122 $ (117,183) $ 6,331 $ 11,903 $ (5,572) $ 255,575 $ 695   $ 699,908
Beginning Balance (in shares) at Dec. 31, 2020 65,715,529 24,336,650                    
Net (loss) profit for the year                 (19,584)     (19,584)
Disposal of a non-controlling interests subsidiary                   $ (695)   (695)
Other comprehensive loss:                        
Foreign currency translation adjustments           34,089 34,089         34,089
Loss on intra-entity foreign transactions of long-term investment nature           756   756       756
Contribution from shareholder       166               166
Share-based compensation       2,137               2,137
Exercise of share options and vesting of unvested shares         5,896       (5,852)     44
Exercise of share options and vesting of unvested shares (in shares) 304,910                      
Ending Balance at Dec. 31, 2021     12,368 544,425 (111,287) 41,176 45,992 (4,816) 230,139     716,821
Ending Balance (in shares) at Dec. 31, 2021 66,020,439 24,336,650                    
Net (loss) profit for the year                 (75,562)     (75,562)
Other comprehensive loss:                        
Foreign currency translation adjustments           (47,413) (47,413)         (47,413)
Loss on intra-entity foreign transactions of long-term investment nature           (2,794)   (2,794)       (2,794)
Contribution from shareholder       159               159
Share-based compensation       586               586
Exercise of share options and vesting of unvested shares       3 4             7
Exercise of share options and vesting of unvested shares (in shares) 240                      
Ending Balance at Dec. 31, 2022     12,368 545,173 (111,283) (9,031) (1,421) (7,610) 154,577     591,804
Ending Balance (in shares) at Dec. 31, 2022 66,020,679 24,336,650                    
Net (loss) profit for the year                 (179,721)     (179,721)
Other comprehensive loss:                        
Foreign currency translation adjustments           (27,872) (27,872)         (27,872)
Loss on intra-entity foreign transactions of long-term investment nature           (505)   (505)       (505)
Contribution from shareholder       152               152
Repurchase of treasury stock (in shares)                     (7,065,058)  
Share-based compensation       39               39
Ending Balance at Dec. 31, 2023     $ 12,368 $ 545,364 $ (111,283) $ (37,408) $ (29,293) $ (8,115) $ (25,144)     $ 383,897
Ending Balance (in shares) at Dec. 31, 2023 66,020,679 24,336,650