v3.26.1
Consolidated Statements Of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash flows from operating activities:        
Net Income (Loss) ¥ (55,300) $ (7,916) ¥ (346,626) ¥ (653,689)
Adjustments to reconcile net loss to net cash used in operating activities:        
Unrealized loss on foreign currency transactions 6,079 869 0 0
Depreciation and amortization 21,761 3,112 52,200 133,400
Allowance for credit losses 17,182 2,457 10,537 18,502
Impairment for long-lived assets 0 0 35,127 0
Impairment for equity-method investment 0 0 247 0
Inventory reserve 3,160 452 3,205 1,105
Loss (gain) on disposal of equipment (204) (29) 2,200 1,008
Share of loss from an equity method investee 0 0 93 361
Share-based compensation 13,876 1,984 155,622 260,719
Change in fair value of convertible note receivable 0 0 5,320 (215)
Non-cash operating lease expenses 24,437 3,494 26,494 35,196
Derecognition of right-of-use asset and lease liability 0 0 (148) (13)
Changes in operating assets and liabilities:        
Accounts receivable (30,985) (4,430) (32,626) (12,386)
Contract assets (2,241) (319) 5,827 (4,011)
Inventories 2,498 357 2,508 57,277
Prepayments and other current and non-current assets 6,447 922 19,282 12,353
Accounts payable 7,176 1,026 18,892 (31,124)
Deferred revenue (10,076) (1,441) (12,642) (17,096)
Accrued liabilities and other current liabilities (6,858) (981) (8,688) (19,247)
Customer deposits 0 0 (605) (606)
Deferred government grants (229) (33) (861) 427
Operating lease liabilities (25,120) (3,592) (27,619) (37,744)
Net cash used in operating activities (28,400) (4,068) (92,261) (255,783)
Cash flows from investing activities:        
Proceeds from disposal of equipment 858 123 1,565 84
Purchase of property and equipment (5,249) (751) (5,419) (8,104)
Purchase of intangible assets 0 0 (558) (1,280)
Net cash used in investing activities (4,391) (628) (4,412) (9,300)
Cash flows from financing activities:        
Refund of consideration for Employee Share Incentive Program 0 0 0 (41,855)
Purchase of treasury stock 0 0 (72) (6,977)
Proceeds from long-term borrowings 2,000 286 0 0
Repayment of long-term borrowings (100) (14) 0 0
Net cash (used in)/generated from financing activities 1,900 272 (72) (48,832)
Effect of exchange rate on cash, cash equivalents and restricted cash (10,140) (1,449) 3,691 3,863
Net decreases in cash, cash equivalents and restricted cash (41,074) (5,873) (93,054) (310,052)
Cash, cash equivalents and restricted cash at the beginning of year 522,162 74,668 615,216 925,268
Cash, cash equivalents and restricted cash at the end of year 481,088 68,795 522,162 615,216
Supplemental disclosures of cash flow information:        
Interest expense paid 30 4 0 0
Income tax expense paid 0 0 0 0
Supplemental disclosures of non-cash information:        
Purchase of property and equipment included in prepayments and other non-current assets 179 26 3,206 4,656
Purchase of property and equipment included in accounts payable 1,195 171 1,128 1,762
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 478,392 68,409 519,849 615,096
Restricted cash 2,696 386 2,313 120
Cash, cash equivalents and restricted cash at the end of year ¥ 481,088 $ 68,795 ¥ 522,162 ¥ 615,216