| PARENT ONLY FINANCIAL INFORMATION |
20. PARENT ONLY FINANCIAL INFORMATION
The following condensed parent company financial information
of Cloopen Group Holding Limited has been prepared using the same accounting policies as set out in the accompanying consolidated financial
statements. As of December 31, 2023, there were no material contingencies, significant provisions of long-term obligations, mandatory
dividend or redemption requirements of redeemable stocks or guarantees of Cloopen Group Holding Limited, except for those, which have
been separately disclosed in the consolidated financial statements.
(a) Condensed Balance Sheets
SCHEDULE
OF CONDENSED BALANCE SHEETS
| | |
2023 | | |
2024 | |
| | |
December 31, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | |
| Assets | |
| | | |
| | |
| Current assets | |
| | | |
| | |
| Cash | |
| 20,475 | | |
| 79,741 | |
| Term deposits | |
| 85,522 | | |
| 143,768 | |
| Short-term investments | |
| 39,197 | | |
| 39,536 | |
| Other current assets | |
| 13 | | |
| 81 | |
| Total current assets | |
| 145,207 | | |
| 263,126 | |
| Non-current asset: | |
| | | |
| | |
| Investments in and amounts due from subsidiaries and consolidated VIE and VIE’s subsidiaries | |
| 1,108,131 | | |
| 993,075 | |
| Total non-current asset | |
| 1,108,131 | | |
| 993,075 | |
| Total assets | |
| 1,253,338 | | |
| 1,256,201 | |
| Liabilities | |
| | | |
| | |
| Current liabilities | |
| | | |
| | |
| Accrued expenses and other current liabilities | |
| 52,372 | | |
| 181,624 | |
| Total current liabilities | |
| 52,372 | | |
| 181,624 | |
| Total liabilities | |
| 52,372 | | |
| 181,624 | |
| Shareholders’ equity: | |
| | | |
| | |
| Class A Ordinary Shares | |
| 195 | | |
| 195 | |
| Class B Ordinary Shares | |
| 17 | | |
| 17 | |
| Additional paid-in capital | |
| 11,210,542 | | |
| 11,225,945 | |
| Treasury stock | |
| (120,899 | ) | |
| (120,899 | ) |
| Accumulated other comprehensive loss | |
| (57,327 | ) | |
| (56,362 | ) |
| Accumulated deficit | |
| (9,831,562 | ) | |
| (9,974,319 | ) |
| Total shareholders’ equity | |
| 1,200,966 | | |
| 1,074,577 | |
| Total liabilities and shareholders’ equity | |
| 1,253,338 | | |
| 1,256,201 | |
(b) Condensed Statements of Comprehensive Loss
SCHEDULE
OF CONDENSED STATEMENTS OF COMPREHENSIVE LOSS
| | |
2022 | | |
2023 | | |
2024 | |
| | |
Year ended
December 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | | |
RMB | |
| Total operating expenses | |
| (238,074 | ) | |
| (89,953 | ) | |
| (32,074 | ) |
| Share of losses from subsidiaries and consolidated VIE and VIE’s subsidiaries | |
| (736,824 | ) | |
| (319,769 | ) | |
| (110,683 | ) |
| Income tax expense | |
| - | | |
| - | | |
| - | |
| Net loss | |
| (974,898 | ) | |
| (409,722 | ) | |
| (142,757 | ) |
| | |
| | | |
| | | |
| | |
| Net loss attributable to ordinary shareholders | |
| (974,898 | ) | |
| (409,722 | ) | |
| (142,757 | ) |
(c) Condensed Statements of Cash Flows
SCHEDULE
OF CONDENSED STATEMENTS OF CASH FLOWS
| | |
2022 | | |
2023 | | |
2024 | |
| | |
Year ended
December 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | | |
RMB | |
| Net cash provided by/(used in) operating activities | |
| (290,137 | ) | |
| (133,979 | ) | |
| 115,285 | |
| Net cash used in investing activities | |
| (335,194 | ) | |
| (569,407 | ) | |
| (486 | ) |
| Net cash used in financing activities | |
| (47,474 | ) | |
| - | | |
| - | |
| Effect of foreign currency exchange rate changes on cash | |
| 73,275 | | |
| 31,168 | | |
| 2,713 | |
| Net increase/(decrease) in cash | |
| (599,530 | ) | |
| (672,218 | ) | |
| 117,512 | |
| Cash at the beginning of the year | |
| 1,377,745 | | |
| 778,215 | | |
| 105,997 | |
| Cash at the end of the year | |
| 778,215 | | |
| 105,997 | | |
| 223,509 | |
|