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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Dec. 31, 2021
CNY (¥)
Operating activities:        
Net (loss) income from operations ¥ 10,354 $ 1,459 ¥ 85,233 ¥ (475,780)
Less: net income/(loss) from discontinuing operations (11,980) (1,687) 87,295 33,508
Net (loss)/income from continuing operations 22,334 3,146 (2,062) (509,288)
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities of continuing operations:        
Depreciation and amortization 46,880 6,603 67,704 71,550
Amortization of operating lease right-of-use asset 121,299 17,085 136,875 149,744
Bad debt provision     378  
Loss on disposal of property and equipment 1,306 184 636 934
Deferred income tax expense (9,844) (1,386) (18,300) 115,788
Share based compensation expense 2,743 386 11,384 14,113
Investment (income) loss 4,315 608 (2,572) (1,375)
Foreign currency exchange loss, net 901 127 325 267
Changes in operating assets and liabilities:        
Amounts due from related parties 29 4 45 (708)
Prepaid expenses and other current assets (18,850) (2,654) 7,770 3,559
Other non-current assets 1,962 276 13,751 (3,330)
Accounts payable (531) (75) 1,083 (283)
Amounts due to related parties     (2) (81)
Income taxes payable 1,824 257 3,796 486
Deferred revenue (104,341) (14,696) (109,339) 77,015
Accrued expenses and other current liabilities 99,463 14,009 32,529 157,290
Operating lease liabilities (147,705) (20,804) (142,636) (145,929)
Other non-current liabilities (317) (45) (319) (315)
Net cash (used in)/provided by operating activities from continuing operations 21,468 3,025 1,046 (70,563)
Net cash provided by/ (used in) operating activities from discontinued operation (140,403) (19,775) (28,574) 79,173
Net cash provided by/ (used in) operating activities (118,935) (16,750) (27,528) 8,610
Investing activities:        
Purchase of property and equipment and intangible assets (34,709) (4,889) (29,401) (46,910)
Proceeds from disposal of property and equipment 457 64 583 954
Proceeds from disposal of long-term investments 8 1    
Purchase of time deposits (300) (42)   (2)
Net cash (used in)/provided by investing activities from continuing operations (34,544) (4,866) (28,818) (45,958)
Net cash provided by investing activities from discontinued operation 106,592 15,013 6,109 79,651
Net cash provided by/ (used in) investing activities 72,048 10,147 (22,709) 33,693
Financing activities:        
Proceeds from bank borrowing     30,000 30,000
Repayment of bank borrowings (30,000) (4,225) (30,000) (10,710)
Issuance of Class A ordinary shares in connection with exercise of share options 227 32 107 3,947
Prepayments of acquire noncontrolling interests (1,580) (223) (7,109)  
Repurchase of treasury shares (2,428) (342) (17,103)  
Net cash provided by/ (used in) financing activities from continuing operations (33,781) (4,758) (24,105) 23,237
Net cash provided by/ (used in) financing activities from discontinued operation (2,000) (283) 22,000  
Net cash provided by/ (used in) financing activities (35,781) (5,041) (2,105) 23,237
Changes in cash, cash equivalents and restricted cash (82,668) (11,644) (52,342) 65,540
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash (1,447) (203) 2,288 (67)
Net change in cash, cash equivalents and restricted cash (84,115) (11,847) (50,054) 65,473
Cash, cash equivalents and restricted cash at the beginning of the year 373,967 52,672 424,021 358,548
Cash and cash equivalents 279,757   356,237 423,766
Restricted cash 10,095   17,730 255
Cash, cash equivalents and restricted cash at the end of the year 289,852 40,825 373,967 424,021
Supplemental disclosure of cash flow information from continuing operations:        
Income taxes paid 229 32 45  
Interest paid 626 88 1,340 463
Non-cash investing and financing activities from continuing operations:        
Accrual for purchase of equipment 3,986 561 3,727 6,064
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities ¥ 132,001 $ 18,592 ¥ 80,403 ¥ 144,601