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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Cash flows from operating activities        
Net income ¥ 88,891 $ 13,949 ¥ 174,446 ¥ 293,830
Adjustment to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 72,148 11,322 54,271 23,577
Inventory write-down 8,103 1,272 22,577 15,661
Share-based compensation 47,405 7,439 72,203 43,168
Allowance for doubtful accounts 25,541 4,008 4,484 2,006
Loss from disposal of property and equipment 0     29
Deferred income tax benefits (21,115) (3,313) (1,492) (7,042)
Investment income (1,369) (215) (10,800) (4,654)
Changes in operating assets and liabilities:        
Accounts and notes receivable from third parties 99,877 15,673 (118,403) (206,477)
Accounts receivable from a related party 287,690 45,145 98,792 (446,963)
Inventories (145,079) (22,766) (43,937) (201,701)
Prepaid expenses and other current assets (76,193) (11,956) (23,543) (25,659)
Other receivables from related parties (266) (42) (64,103) 88,376
Amounts due to related parties (118,777) (18,639) 99,086 19,343
Interest received relating to the investment income recognized in previous year 2,785 437 8,089 361
Accounts and notes payable 67,737 10,629 (41,788) 494,678
Advances from customers (12,981) (2,037) 9,463 16,838
Income tax payables (7,619) (1,196) 17,440 23,323
Accrued expenses and other liabilities 3,202 503 421 122,550
Lease liabilities (11,012) (1,728) (8,392) (5,760)
Purchase of a land use right 0   (63,618)  
Net cash provided by operating activities 308,968 48,485 185,196 245,484
Cash flows from investing activities        
Purchase of equipment (99,448) (15,606) (47,509) (56,131)
Purchase of lease hold improvement (3,991) (626) (569) (7,874)
Purchase of intangible assets (6,733) (1,057) (2,365) (4,595)
Purchase of short-term investments (1,796,620) (281,929) (3,256,151) (812,086)
Maturity of short-term investments 1,663,489 261,038 2,874,162 670,190
Placement of short-term deposits (164,761) (25,855) (215,630) (270,457)
Maturities of short-term deposits 162,743 25,538 214,979 211,967
Placement of long-term deposits (30,000) (4,708)    
Maturities of long-term deposits 10,000 1,569    
Proceeds from disposal of property and equipment 0     30
Net cash used in investing activities (265,321) (41,636) (433,083) (268,956)
Cash flows from financing activities        
Dividend paid 0     (46,602)
Proceeds from exercise of vested share options 12,920 2,027 6,615 1,109
Receipt (repayment) of borrowing 16,106 2,527 (95,868) 95,868
Cash paid in relation to issuance of ordinary shares upon IPO 0     (2,637)
Capital injection in subsidiaries from non-controlling shareholders or investors 175 27   3,000
Purchase of non-controlling interests 0   (1,286) (2,196)
Repurchase of ordinary shares (12,068) (1,894) (54,600)  
Dividends paid by non-wholly owned subsidiaries to non-controlling interests 0   (1,236)  
Net cash provided by (used in) financing activities 17,133 2,687 (146,375) 48,542
Effect of exchange rate changes on cash and cash equivalents (12,703) (1,993) (34,034) 8,087
Net increase (decrease) in cash and cash equivalents and restricted cash 48,077 7,543 (428,296) 33,157
Cash and cash equivalents and restricted cash at the beginning of the year 574,709 90,186 1,003,005 969,848
Cash and cash equivalents and restricted cash at the end of the year 622,786 97,729 574,709 1,003,005
Cash and cash equivalents at the end of the year 586,955 92,106 504,108 972,438
Restricted cash at the end of the year 35,831 5,623 70,601 30,567
Supplemental disclosures of cash flow information:        
Cash paid for income tax (34,446) (5,405) (27,373) (28,909)
Cash paid for interest expense, net of amounts capitalized 0   (76) (995)
Acquisition of equipment in form of other payable ¥ 60,507 $ 9,495 ¥ 15,624 ¥ 5,997