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 profit/(loss) ¥ 42,710 $ 6,106 ¥ (52,388) ¥ 97,046
Net profit from discontinued operations 17,774
Net profit/(loss) from continuing operations 42,710 6,106 (52,388) 79,272
Adjustments for:        
Depreciation of items of property and equipment 11,456 1,638 10,070 8,317
Amortization of right-of-use assets 13,310 1,903 14,802 15,296
Amortization of other intangible assets 1,625 232 1,793 3,263
Interest on lease liabilities 4,602 658 2,045 1,835
(Gain)/Loss on dissolution of subsidiaries and branches (4,844) (693) 8,820 (29,312)
Gain/(loss) from waive of other payables (13,005) (1,858)
Other payables from Distoken 25,185 3,601
Fair value (gains)/losses from financial assets at fair value through profit or loss (3,524) (504) 21,248 (36,500)
(Reversal)/provision for credit loss of trade receivables 3,288 470 1,827 (2,371)
Reversal of credit loss of other receivables (25,665) (3,670) (1,637) (9,590)
Foreign exchange differences, net (51) (7) (24) (3,783)
Gain on disposal of property and equipment (28,637) (4,095)
Shares issued in connection with reverse recapitalization (14,455) (2,067)
Loss from disposal of equity investment 59,018
Changes in operating assets and liabilities:        
Increase in accounts receivables (58,211) (8,324) (27,216) (140,792)
(Increase)/Decrease in prepayments, other receivables and other assets 2,477 354 (7,551) (2,493)
Decrease/(Increase) in inventories 1,618 231 (444) 5,039
(Increase)/Decrease in deferred tax assets, net 4,778 683 7,322 (35,469)
Increase/(Decrease) in contract liabilities 14,648 2,095 (19,290) 36,583
Increase/(Decrease) in accounts payables 3,795 543 (31,952) 64,728
Increase in other payables and accruals 45,776 6,546 29,440 82,363
(Decrease)/Increase in tax payable 7,118 1,018 1,627 (15,077)
Increase in right-of-use assets (12,379) (1,770) (1,091)
Payment in lease liabilities (9,621) (1,376) (11,247) (9,940)
Net cash flows generated from operating activities from continuing operations 11,994 1,714 6,263 10,278
Net cash flows generated from operating activities from discontinued operations 1,223
Total Net cash flows generated from operating activities 11,994 1,714 6,263 11,501
CASH FLOWS USED IN INVESTING ACTIVITIES        
Purchases of items of property and equipment (27) (4) (1,126) (94,652)
Purchases of items of intangible assets (116) (8,675)
Long-term investments (93,214) (13,329)
Net cash paid for business acquisitions (9,634)
Short-term investment 84,230
Net cash flows used in investing activities from continuing operations (93,241) (13,333) (10,876) (19,097)
Net cash flows used in investing activities from discontinued operations (3,508)
Total Net cash flows used in investing activities (93,241) (13,333) (10,876) (22,605)
CASH FLOWS USED IN FINANCING ACTIVITIES        
Proceeds from issuance of common stocks-cash 192,312 27,500
Payment for listing expenses (56,267) (8,046) (14,069) (46,442)
Dividends paid to non-controlling interests (1,269)
New bank and other borrowings 172,640 24,687 45,061 35,274
Repayment of bank and other borrowings (93,953) (13,435) (25,474) (9,000)
Repayment of advances from third parties (115,848) (16,566) (58,554) (96,500)
Net cash flows used in financing activities from continuing operations 98,884 14,140 (54,305) (116,668)
Net cash flows generated used in financing activities from discontinued operations (115,170)
Total Net cash flows generated used in financing activities 98,884 14,140 (54,305) (231,838)
Net (decrease)/increase in cash and cash equivalents from continuing operations 17,637 2,521 (58,918) (125,487)
Net decrease in cash and cash equivalents from discontinued operations (117,455)
Effect of foreign exchange rate changes, net 51 8 24 2,931
Cash and cash equivalents at beginning of year from continuing operations 126,531 18,094 185,425 307,981
Cash and cash equivalents at beginning of the year from discontinued operations 3,525 120,980
Less: cash and cash equivalents at beginning of the year from discontinued operations 3,525
Cash and cash equivalents at end of year 144,219 20,623 126,531 188,950
Less: cash and cash equivalents at end of the year from discontinued operations 3,525
Cash and cash equivalents at end of the year from continuing operations 144,219 20,623 126,531 185,425
Supplemental disclosures of cash flow information:        
Income taxes paid 2,355 337 5,939 9,467
Interest received 217 31 431 127
Interest expense ¥ 2,602 $ 372 ¥ 2,176 ¥ 3,171