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CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net (loss)/income ¥ (89,247) ¥ 22,637 ¥ (90,609)
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation of property and equipment 1,733 1,772 2,563
Amortization of intangible assets 266 150 96
Share-based compensation expenses 4,672 13,886 15,018
Amortization of operating lease right-of-use assets, net 11,240 13,606 15,481
Amortization of right of use assets 11,240 13,606 15,481
Allowance for credit losses 28,210 (28,672) 9,853
Losses from disposal of property, equipment and software 42 25 73
Exchange (gains)/losses 21 (3) 68
Fair value changes of short-term investments (235) (618) (670)
Long-term investment income/(loss), net 8,079 (15,964)  
Share of (loss)/income from equity method investments 523 (51) 5,473
Disposal gain on a subsidiary (3,366) (38,019)  
Changes in operating assets and liabilities:      
Accounts receivable (38,816) 6,948 241,475
Receivables due from related parties 676 (608) (1,780)
Prepayments and other current assets 60 26,034 51
Accounts payable 6,911 (2,801) (8,375)
Salary and welfare payables (16,123) (3,584) 10,208
Taxes payable (4,713) (1,962) (5,988)
Deferred revenue (1,589) (3,672) 10,014
Amounts due to related parties (51) (1,016) 780
Accrued liabilities and other payables (5,065) 8,124 3,834
Lease liabilities (25,391) (1,201) (12,604)
Net cash (used in)/provided by operating activities (122,163) (4,989) 194,961
Cash flows from investing activities:      
Purchase of property and equipment (5,376) (1,065) (1,747)
Purchase of intangible assets (22) (591) (433)
Purchase of short-term investments (380,498) (457,490) (659,210)
Proceeds from maturities of short-term investments 345,904 534,978 689,084
Loan paid to related parties     (2,000)
Loan repayment from related parties   2,000  
Cash received from customer in relation to advertisement agent services 68,838 70,208 26,295
Cash paid on behalf of the customer in relation to advertisement agent services   (64,054) (179,036)
Net cash received upon disposal of a subsidiary 85    
Investment in long-term investments (9,500) (38,970) (30,950)
Cash paid to acquire non-controlling interests of subsidiaries   (1,705)  
Cash received from disposal of an equity investee 742    
Net cash provided/(used in) by investing activities 20,173 43,311 (157,997)
Cash flows from financing activities:      
Proceeds from bank loan 14,950 9,950 10,000
Repayment of bank loan (14,950) (5,000) (5,000)
Proceeds from employee options exercised     7
Share repurchase     (5,780)
Cash received from the sale of a noncontrolling interest 226    
Capital injection from non-controlling interest shareholders 255 174 750
Net cash used in financing activities 481 5,124 (23)
Effect of exchange rate changes on cash, cash equivalents and restricted cash held in foreign currencies 362 2,200 (822)
Net decrease in cash and cash equivalents (101,147) 45,646 36,119
Cash, cash equivalents and restricted cash at beginning of the year 142,611 96,965 60,846
Cash, cash equivalents and restricted cash at end of the year 41,464 142,611 96,965
Supplemental disclosures of cash flow information:      
Cash paid for income taxes, net of tax refund (93) (171) (306)
Supplemental schedule of non-cash investing and financing activities:      
Property and equipment purchases financed by other payable (1,336)   ¥ 107
Intangible assets purchases financed by other payable ¥ (1,073)    
The addition of long-term investment in Hangzhou Jialin   ¥ 40,000