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Consolidated Statements of Cash Flows - CNY (¥)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Loss before taxation (including 73,846,000 gain on disposal of subsidiaries in 2023) ¥ (12,991,000) ¥ (5,441,000) ¥ (20,166,000)
Adjustments for      
Operating lease charge 484,000 1,266,000
Depreciation of property, plant and equipment 361,000 255,000 84,000
Fair value gain on unlisted financial assets (130,000)
Gain on disposal of subsidiaries (73,846,000)
Loan forgiveness by related party (1,160,000)
Loss on convertible note 1,267,000
Standstill fee on note payable 682,000
Reversal of bad debt of trade receivables (2,751,000) 10,148,000
Share based compensation 49,459,000 2,180,000 1,835,000
Interest expense on lease liability 25,000 51,000
Amortization of OID of convertible note 446,000 15,000
Operating cash flows before working capital changes (35,782,000) (5,363,000) (6,782,000)
Decrease in trade receivables 4,292,000 (5,374,000)
Decrease (Increase) in other receivables and prepayments (1,216,000) (898,000) (19,936,000)
Increase in loan receivable (36,780,000)
Increase (Decrease) in trade payables (3,079,000) 464,000 2,602,000
Increase (Decrease) in unearned revenue 192,000 (15,545,000) 15,545,000
Decrease in taxes payable 1,614,000 (958,000) (163,000)
Increase (Decrease) in accrued liabilities and other payables 731,000 (2,100,000) 2,712,000
Cash used in operations (74,320,000) (20,108,000) (11,396,000)
Interest paid
Income tax paid (144,000) (326,000) (41,000)
Net cash generated from operating activities from discontinued operations 14,118,000 4,982,000 3,314,000
Net cash used in operating activities (60,346,000) (15,452,000) (8,123,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of fixed assets (500,000) (22,000) (1,279,000)
Acquisition of intangible assets (6,000)
Decrease  in notes receivable 9,404,000
Decrease in available-for-sale financial asset 7,823,000 (8,393,000)
Decrease (Increase) in restricted cash 2,069,000 (2,069,000)
Cash disposed as a result of disposal of subsidiaries (256,000)
Net cash used in investing activities from discontinued operations
Net cash generated from (used in) investing activities 18,540,000 (10,490,000) (1,279,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for lease liabilities (358,000) (1,144,000)
Insurance of share capital for equity financing 58,929,000 5,724,000 29,586,000
Warrants exercised 10,258,000
Capital contribution from noncontrolling interest 2,450,000
Proceeds from promissory note 7,100,000 8,759,000
Due from related parties (9,344,000)
Advance from related parties 423,000
Net cash used in financing activities from discontinued operations (14,303,000) (14,303,000) (14,303,000)
Net cash generated from financing activities 42,805,000 2,272,000 24,397,000
NET INCREASE (DECREASE)  IN CASH & EQUIVALENTS 999,000 (23,670,000) 14,995,000
CASH & EQUIVALENTS (INCLUDING CASH CLASSIFIED AS HELD FOR SALE OF RMB 306,000), BEGINNING OF YEAR 4,242,000 27,880,000 12,344,000
EFFECT OF FOREIGN EXCHANGE RATE DIFFERENCES (1,433,000) 32,000 541,000
CASH & EQUIVALENTS, END OF YEAR 3,808,000 4,242,000 27,880,000
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS:      
Cash and cash equivalents 3,808,000 3,936,000 27,880,000
Cash and cash equivalents included in assets classified as held for sale ¥ 306,000