v3.25.2
Unaudited Interim Condensed Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 6 Months Ended
Jun. 30, 2025
CNY (¥)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
CNY (¥)
Cash flows from operating activities      
Net income/(loss) ¥ (39,182) $ (5,469) ¥ 16,411
Adjustments to reconcile net income/(loss) to net cash used in operating activities      
Depreciation and amortization 989 138 244
Amortization of right-of-use assets 759 106 224
Share-based compensation expenses 10
Gain on short-term investments (2,917) (407) (148)
Impairment loss for property, plant and equipment 10,108 1,411
Impairment loss for long-term equity investment 1,000
Share of loss from equity method investments, net of income tax 615 86
Impairment loss for short-term investments 20,549 2,869
Provision of credit losses of accounts receivable, prepayments and other assets 5,321 743 49,718
Accounts payable written off (16,483) (2,301) (78,426)
Property, plant and equipment written off 31 4
Loss on disposal of property, plant and equipment 344 48
Foreign currency exchange gain (524) (73) (72)
Gain on acquisition of subsidiaries (272)
Gain on disposal of subsidiaries (3,315) (463)
Changes in operating assets and liabilities      
Accounts receivable 11,763 1,642 29,912
Amount due from related parties (8,346) (1,165)
Prepayments and other assets 50,854 7,099 10,780
Inventories 316 44 6,485
Other non-current assets 649
Accounts payable (60,660) (8,468) (28,568)
Amounts due to related parties 6,075 848
Customers’ refundable fees 5,231 730 270
Accrued expenses and other payables (1,763) (246) (10,876)
Lease liabilities (809) (113) (162)
Income tax payables (191) (27) (3,045)
Net cash used in operating activities (21,235) (2,964) (5,866)
Cash flows from investing activities      
Purchase of property, plant and equipment (23,839) (3,328) (1,095)
Proceeds from disposal of property, plant and equipment 3,830 535
Investment in equity method investments (923) (129)
Cash received from/(paid for) acquisition of subsidiaries, net of cash acquired (305) (43) 218
Cash received from disposal of subsidiaries (1,162) (162)
Cash paid for short-term investments (64,194) (8,961) (176,802)
Proceeds from disposal of short-term investments 15,909 2,221 180,450
Net cash provided by/(used in) investing activities (70,684) (9,867) 2,771
Cash flows from financing activities      
Contribution from non-controlling shareholders 4,040 564 1,238
Proceeds from issuance of convertible promissory note, net of issuance costs 42,278 5,902
Net cash provided by financing activities 46,318 6,466 1,238
Effect of exchange rate changes on cash, cash equivalents and restricted cash 482 68 359
Net decrease in cash, cash equivalents and restricted cash (45,119) (6,297) (1,498)
Cash, cash equivalents and restricted cash at the beginning of the period 89,484 12,491 143,899
Cash, cash equivalents and restricted cash at the end of the period 44,365 6,194 142,401
Cash, cash equivalents and restricted cash      
Cash and cash equivalents 34,647   125,427
Restricted cash 9,718   16,974
Cash, cash equivalents and restricted cash at the end of the period 44,365   142,401
Supplemental disclosures of cash flow information      
Interest paid
Income tax paid (20) (3) (30)
Supplemental disclosure of non-cash flow information      
Lease liabilities arising from obtaining right-of-use assets ¥ 139 $ 19 ¥ 1,931