v3.26.3
Unaudited Interim Condensed Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 6 Months Ended
Jun. 30, 2026
CNY (¥)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
CNY (¥)
Cash flows from operating activities      
Net loss ¥ (34,484) $ (5,081) ¥ (39,182)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 12,422 1,831 989
Amortization of right-of-use assets 575 85 759
Gain on short-term investments (421) (62) (2,917)
Impairment loss for property, plant and equipment 1,461 215 10,108
Share of loss from equity method investments, net of income tax 180 27 615
Impairment loss for equity method investments 20,080 2,959
Impairment loss for short-term investments 20,549
Provision/(reversal) of allowance for credit losses (9,325) (1,374) 5,321
Accounts payable write-off benefit (16,483)
Amounts due to related parties write-off benefit (3,302) (487)
Property, plant and equipment written off 31
Loss on disposal of property, plant and equipment 46 7 344
Foreign currency exchange gain (7,205) (1,062) (524)
(Gain)/loss on disposal of subsidiaries 264 39 (3,315)
Changes in operating assets and liabilities      
Accounts receivable 23,354 3,442 11,763
Amounts due from related parties (455) (67) (8,346)
Prepayments and other assets (11,439) (1,686) 50,854
Inventories 84 12 316
Accounts payable (16,908) (2,492) (60,660)
Amounts due to related parties 41 6 6,075
Customers’ refundable fees (483) (71) 5,231
Accrued expenses and other payables (10,322) (1,523) (1,763)
Lease liabilities (552) (81) (809)
Income tax payables (285) (42) (191)
Net cash used in operating activities (36,674) (5,405) (21,235)
Cash flows from investing activities      
Purchase of property, plant and equipment (23,839)
Proceeds from disposal of property, plant and equipment 391 58 3,830
Investment in equity method investments (923)
Cash paid for acquisition of subsidiaries, net of cash acquired (2,413) (356) (305)
Cash advances made to related parties (200) (29)
Cash paid for disposal of subsidiaries (1,162)
Cash paid for short-term investments (4,757) (701) (64,194)
Proceeds from disposal of short-term investments 27,428 4,042 15,909
Net cash (used in)/provided by investing activities 20,449 3,014 (70,684)
Cash flows from financing activities      
Contribution from non-controlling shareholders 150 22 4,040
Proceeds from issuance of convertible promissory note, net of issuance costs 42,278
Net cash provided by financing activities 150 22 46,318
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,176 173 482
Net decrease in cash, cash equivalents and restricted cash (14,899) (2,196) (45,119)
Cash, cash equivalents and restricted cash at the beginning of the period 32,659 4,813 89,484
Cash, cash equivalents and restricted cash at the end of the period 17,760 2,617 44,365
Cash, cash equivalents and restricted cash      
Cash and cash equivalents 13,865   34,647
Restricted cash 3,895   9,718
Cash, cash equivalents and restricted cash at the end of the period 17,760   44,365
Supplemental disclosure of cash flow information      
Income tax paid (105) (15) (20)
Supplemental disclosure of non-cash flow information      
Lease liabilities arising from obtaining right-of-use assets ¥ 139