v3.25.2
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Operating activities:        
Net loss $ (20,115) ¥ (146,827) ¥ (412,374) ¥ (975,899)
Adjustments to reconcile net loss to net cash used in operating activities        
Allowance for doubtful accounts (531) (3,875) 16,456 25,589
Share-based compensation 1,960 14,304 22,238 107,462
Depreciation on Property and equipment and amortization of intangiable assets 1,046 7,634 8,775 13,893
Amortization of right - of- use of assets and interest on lease liabilities 1,160 8,468 4,516 8,823
Deferred tax expense (benefit) (54) (390) (429) (8,806)
Share of losses of equity method investments (3) 1,470 1,969
Gain from disposal of long-term investments (5,138)
Impairment loss of long-term investments 8,011 7,400
Losses (gains) from disposal of property and equipment 9 63 66 62
Investment income (1,625) (11,859) (563) (340)
Impairment loss of intangible assets 28,011
Impairment loss of goodwill 107,407
Losses (gains) from disposal of subsidiaries, net (55) (403) 2,739
Provision for U.S Class Action 83,575
Unrealized foreign exchange (gains) losses 509 3,717 (5,699) 9,666
Changes in operating assets and liabilities, net of effect of disposal of subsidiaries:        
Accounts receivable - third parties, net 5,284 38,573 (28,125) 1,234
Accounts receivable - related parties, net 5 34 (724) 216
Contract assets (1,783) (13,015) 26,675 (31,422)
Amounts due from related parties 104 760 (3,245) (105)
Prepayments and other current assets 236 1,726 (1,326) 27,591
Operating lease right-of-use assets (723) (5,276) (2,166) (25,165)
Other non-current assets (15) (111) 1,052 (1,452)
Accounts payable 1,063 7,756 (34,395) (24,589)
Contract liabilities (7,825) (57,116) 3,427 61,863
Amounts due to related parties (7) (51) (575) (14)
Operating lease liabilities (259) (1,890) (4,146) 16,610
Other non-current liabilities 3,063 (2,424)
Accrued expenses and other current liabilities (3,077) (22,459) (118,184) 3,974
Net cash used in operating activities (24,693) (180,240) (516,202) (567,270)
Investing activities:        
Cash paid for business combination (8,915) (116,396)
Cash paid for purchase of property and equipment (396) (2,892) (807) (5,825)
Cash paid for purchase of intangible assets (45) (328) (952) (980)
Cash paid for purchase of other equity investments (5,000)
Cash received from sale of short-term investments 49,022 357,825 24,663 64,833
Cash paid for purchase of short-term investments (30,419) (222,036) (28,187) (349,350)
Cash received from disposal of property and equipment 1 4 15
Cash Received from disposal of long-term investments 64,987
Cash paid for term deposits (170,410) (1,243,877) (938,458) (4,345,910)
Cash received from maturity of term deposits 215,298 1,571,532 1,308,935 5,040,269
Net cash provided by/(used in) investing activities 63,051 460,228 351,294 351,628
Financing activities:        
Repayment of long-term borrowings (8,004)
Repurchase of treasury stock (39,261)
Repayment for short-term bank borrowings (5,500)
Net cash provided by/(used in) financing activities (52,765)
Effect of foreign currency exchange rate changes on cash (1,633) (11,922) 20,092 138,795
Net increase/(decrease) in cash and restricted cash 36,725 268,066 (144,816) (129,612)
Cash and restricted cash at the beginning of the year 52,395 382,449 527,265 656,877
Cash and restricted cash at the end of the year 89,120 650,515 382,449 527,265
Supplemental information        
Interest paid 479
Income tax paid 2 11 93 368
Income tax refund $ (106) ¥ (774)