v3.26.3
Unaudited Condensed Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
CNY (¥)
Jun. 30, 2025
CNY (¥)
Cash flows from operating activities      
Net (loss)/income from continuing operations $ (28,134) ¥ (190,886) ¥ 28,169
Adjustment to reconcile net (loss)/income to net cash used in operating activities:      
Share-based compensation 3,641 24,702 8,992
Depreciation and amortization 81 552
Impairment and expected credit loss 24,358 165,270
Change in fair value of warrant liability (681) (4,621) (42,069)
Changes in operating assets and liabilities-continuing operations:      
Accounts and notes receivable 213 1,448
Due from related parties (2) (14)
Other receivable (1) (7) (159,116)
Prepayment and other current assets (484) (3,283) (1,208)
Contract liabilities 1,072 7,274
Accounts payable (868) (5,889)
Due to related parties 32 216
Salary and welfare benefits payable 25 173 1,403
Other taxes payable 4 28
Lease liability 3 21
Other current liabilities 3,534 23,968 (4,864)
Net cash (used in)/provided by operating activities-continuing operations 2,793 18,952 (168,693)
Net cash used in operating activities-discontinued operations (807)
Net cash (used in)/provided by operating activities 2,793 18,952 (169,500)
Cash flows from investing activities:      
Purchases of property, plant and equipment (9) (61)
Net cash used in investing activities-continuing operations (9) (61)
Net cash used in investing activities-discontinued operations
Net cash used in investing activities (9) (61)
Cash flows from financing activities:      
Proceeds of offering, net of listing fee 165,296
Net cash provided by financing activities-continuing operations 165,296
Net cash used in financing activities-discontinued operations (1,101)
Net cash provided by financing activities 164,195
Effect of exchange rate changes on cash and cash equivalents 14 70 47
Net (decrease)/increase in cash and restricted cash 2,798 18,961 (5,258)
Cash, cash equivalents and restricted cash at beginning of the period 140 976 10,340
Cash, cash equivalents and restricted cash at end of the period 2,938 19,937 5,082
Less: Cash, cash equivalents and restricted cash of discontinued operations at the end of the period 4,107
Cash and cash equivalent of continuing operations at the end of the period 2,938 19,937 975
Supplemental disclosures of cash flow information:      
Cash paid for interest expense from continuing operations
Cash paid for interest expense from discontinued operations (764)
Supplemental schedule of non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for new operating lease liabilities from continuing operations 389 2,639
Ordinary shares issued with subscription consideration receivable 121,670 825,542
Shares and options issued in exchange for prepaid services 43,027 291,944
Ordinary shares issued upon cashless exercise of warrants $ 505 ¥ 3,429