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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 (¥)
Cash flows from operating activities:        
Net (loss)/income ¥ (134,515) $ (18,947) ¥ 86,504 ¥ (127,250)
Adjustment to reconcile net (loss)/income to net cash generated from/(used in) operating activities:        
Depreciation of property, equipment and leasehold improvement 13,200 1,862 18,056 19,225
Amortization of intangible assets 983 138 1,202 1,686
Amortization of right-of-use assets 16,903 2,381 14,557 10,329
Foreign exchange losses 1,488 210 1,052 738
Investment income (188) (26) (331)  
Interest expense     217  
Share-based compensation 26,755 3,768 29,233 37,359
Allowance for expected credit loss 90,789 12,787    
Losses/(gains) on disposal of property equipment (438) (62) 105  
Changes in operating assets and liabilities:        
Accounts receivable 1,637 231 3,225 1,903
Prepayments and other current assets (94,572) (13,320) 4,012 (15,935)
Accounts payable (10,648) (1,500) (26,961) 2,526
Deferred revenue (6,429) (906) 15,020 3,656
Salary and welfare payable 499 70 11,505 29,998
Taxes payable (549) (77) 537 1,691
Lease liabilities (18,057) (2,543) (15,169) (8,279)
Accrued expenses and other current liabilities 31 4 (5,997) 2,886
Other non-current liabilities (3,952) (557) (500) (959)
Net cash (used in)/generated from operating activities (117,000) (16,487) 136,267 (40,426)
Cash flows from investing activities:        
Purchase of property, equipment and leasehold improvement (5,961) (840) (11,691) (20,075)
Purchase of intangible assets (1,261) (178) (149) (855)
Purchase of short-term investments     (191,022)  
Maturities of short-term investments 111,022 15,637 80,000 73,022
Net cash received from disposal of property, equipment and leasehold improvement 1,853 261 79 9
Net cash generated from/(used in) investing activities 105,653 14,880 (122,783) 52,101
Cash flows from financing activities        
Proceeds from issuance of ordinary shares       183,188
Proceeds from exercise of vested share options 5 1 5 3
Proceeds from short-term loans 40,900 5,761 72,015 49,248
Repayments of short-term loans (114,878) (16,180) (67,249) (19,757)
Capital contributions from the non-controlling interest shareholders 2,299 324    
Net cash generated from/(used in) financing activities (71,674) (10,094) 4,771 212,682
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2,168 307 22,812 (6,063)
Net increase/(decrease) in cash, cash equivalents and restricted cash (80,898) (11,394) 41,067 218,294
Cash, cash equivalents and restricted cash at beginning of the year 578,515 81,482 537,448 319,154
Cash, cash equivalents and restricted cash at end of the year 497,617 70,088 578,515 537,448
Reconciliation to amounts on consolidated balance sheets:        
Cash, cash equivalents 494,965   568,192 533,293
Restricted cash 2,652   10,323 4,155
Total Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows 497,617   578,515 537,448
Supplemental disclosures of cash flow information:        
Cash paid for interest expense (2,051) (289) (2,227) (3,141)
Income taxes paid (495) (70) (100) (924)
Supplemental disclosures of non - cash activities:        
Right-of-use assets obtained in exchange for operating lease liabilities 6,127 863 13,505 34,988
Share-based compensation ¥ 26,755 $ 3,768 ¥ 29,233 ¥ 37,359