| SCHEDULE OF DISCONTINUED OPERATIONS |
The
following tables set forth the statements of operations and cash flows of discontinued operations which were included in the Group’s
consolidated financial statements for the years ended December 31, 2023 and 2024 (in thousands):
SCHEDULE
OF DISCONTINUED OPERATIONS
| | |
2023 | | |
2024 | |
| | |
For the year ended December 31, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | |
| Net revenues: | |
| | | |
| | |
| A related party | |
| 24,434 | | |
| 5,821 | |
| Third parties | |
| 830,216 | | |
| 293,050 | |
| Net revenues | |
| 830,216 | | |
| 293,050 | |
| Total net revenues | |
| 854,650 | | |
| 298,871 | |
| Cost of revenues | |
| (807,146 | ) | |
| (297,289 | ) |
| Gross profit | |
| 47,504 | | |
| 1,582 | |
| Operating expenses: | |
| | | |
| | |
| Research and development expenses | |
| (74,032 | ) | |
| (41,245 | ) |
| Selling and marketing expenses | |
| (187,156 | ) | |
| (54,681 | ) |
| General and administrative expenses | |
| (24,162 | ) | |
| (7,667 | ) |
| | |
| | | |
| | |
| Total operating expenses | |
| (285,350 | ) | |
| (103,593 | ) |
| | |
| | | |
| | |
| Other income, net | |
| 8,623 | | |
| 4,320 | |
| | |
| | | |
| | |
| Loss from operations | |
| (229,223 | ) | |
| (97,691 | ) |
| | |
| | | |
| | |
| Interest and investment income, net | |
| 13,062 | | |
| 3,846 | |
| Other non-operating loss | |
| (1,500 | ) | |
| - | |
| Loss before income tax expenses | |
| (217,661 | ) | |
| (93,845 | ) |
| Income tax credits | |
| 11,853 | | |
| 11,504 | |
| Net loss from discontinued operations | |
| (205,808 | ) | |
| (82,341 | ) |
| | |
2023 | | |
2024 | |
| | |
For the year ended December 31, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | |
| Net cash (used in) provided by discontinued operating activities | |
| (144,547 | ) | |
| 135,033 | |
| Net cash provided by discontinued investing activities | |
| 92,023 | | |
| 136,918 | |
| Net cash provided by (used in) discontinued financing activities | |
| 100,000 | | |
| (30,000 | ) |
|