v3.26.1
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
CNY (¥)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash flows from operating activities        
Net (loss) income $ 20,297 ¥ 141,929 ¥ 62,344 ¥ (89,333)
Net loss from discontinued operations   82,341 205,808
Net loss from discontinued operations 82,341 205,808
Adjustment to reconcile net income to net cash (used in) provided by operating activities:        
Depreciation and amortization 6,024 42,127 28,978 36,941
Inventory write-down 56 390 (10,079) 9,363
Share-based compensation 2,013 14,080 16,450 106
Allowance (recovery of allowance) for credit losses (184) (1,288) (4,359) 1,242
Loss of disposal of property and equipment 200 1,401 364 1,378
Deferred income tax expenses (benefits) 195 1,363 (4,773) 2,044
Investment loss (income) 1,457 10,189 (50) 462
Gain on early termination of right-of-use asset (6) (44)
Foreign currency exchange losses (gains), net 325 2,272 (225)
Changes in operating assets and liabilities:        
Accounts and notes receivable from third parties (46) (321) 18,264 11,677
Accounts receivable from related parties 36,068 252,227 (588,030) (4,370)
Inventories (2,137) (14,944) 55,057 13,841
Prepaid expenses and other current assets (9,598) (67,123) 22,497 (7,448)
Other receivables from related parties 1,578 11,034 452,950 5,217
Amounts due to related parties (34) (239) (2,609) 1,089
Accounts and notes payable (36,361) (254,273) 454,697 (148,737)
Advances from customers (198) (1,384) (18,296) (7,102)
Income tax payables (1,198) (8,377) 8,088 1,124
Accrued expenses and other liabilities 3,972 27,774 8,666 12,667
Lease liabilities (308) (2,155) (1,280) (4,650)
Net cash provided by continuing operating activities 22,115 154,638 580,995 41,319
Net cash (used in) provided by discontinued operating activities 135,033 (144,547)
Net cash (used in) provided by operating activities 22,115 154,638 716,028 (103,228)
Cash flows from investing activities        
Purchase of equipment (5,886) (41,164) (28,606) (103,372)
Purchase of lease hold improvement (25) (175) (928) (415)
Purchase of intangible assets (47) (330) (653)
Purchase of short-term investments (30,804) (215,416) (87,430) (39,694)
Maturity of short-term investments 27,640 193,291 34,241 28,973
Disposal of property and equipment 60 420 416 898
Placement of long-term investments (572) (4,000)
Placement of long-term deposits (24,310) (170,000)
Maturities of long-term deposits 21,450 150,000
Placement of short-term deposits (121,225) (847,737) (406,828) (176,686)
Maturities of short-term deposits 100,420 702,247 470,459
Cash receipt from disposals of discontinued operations 65,000
Cashout due to the unconsolidated of discontinued operations (348,136)
Net cash used in continuing investing activities (33,299) (232,864) (301,812) (290,949)
Net cash provided by discontinued investing activities 136,918 92,023
Net cash used in investing activities (33,299) (232,864) (164,894) (198,926)
Cash flows from financing activities        
Proceeds from exercise of vested share options 49 344 110 19
Receipt of borrowing 5,880 41,118 58,513 49,091
Repayment of borrowing (11,388) (79,636) (59,998) (27,128)
Dividend Paid (6,000) (41,959)
Purchase of non-controlling interests (1,105) (7,728)
Capital injection in subsidiaries from an investor or a non-controlling shareholder 1,000 115
Repurchase of ordinary shares (2,525) (17,659) (4,283) (6,440)
Net cash provided by (used in) continuing financing activities (15,089) (105,520) (4,658) 15,657
Net cash provided by (used in) discontinued financing activities (30,000) 100,000
Net cash provided by (used in) financing activities (15,089) (105,520) (34,658) 115,657
Effect of exchange rate changes on cash and cash equivalents (1,819) (12,704) 14,649 9,643
Net (decrease) increase in cash and cash equivalents and restricted cash (28,092) (196,450) 531,125 (176,854)
Cash and cash equivalents and restricted cash at the beginning of the year 166,947 1,167,480 636,355 813,209
Cash and cash equivalents and restricted cash at the end of the year 138,855 971,030 1,167,480 636,355
Less: cash, cash equivalents and restricted cash held for sales at end of the year (411,028)
Cash, cash equivalents and restricted cash of continuing operations, end of the year 138,855 971,030 1,167,480 225,327
Cash and cash equivalents of continuing operations at the end of the year 115,342 806,599 1,026,188 206,405
Restricted cash of continuing operations at the end of the year 23,513 164,431 141,292 18,922
Supplemental disclosures of cash flow information:        
Cash paid for income tax, net (2,954) (20,657) (2,226) (187)
Cash paid for interest expense (853) (5,968) (5,734) (5,644)
Acquisition of equipment in form of other payable 375 2,624 40,183 50,158
Obtaining a right-of-use asset in exchange for a lease liability 144 1,006
Decrease in a right-of-use asset due to remeasurement of lease terms $ 128 ¥ 896