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Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2022
CNY (¥)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
CNY (¥)
Operating activities:        
Net loss $ (141,490) ¥ (975,899) ¥ (904,452) ¥ (425,237)
Adjustments to reconcile net loss to net cash used in operating activities        
Allowance for doubtful accounts 3,710 25,589 17,115 34,085
Share-based compensation 15,581 107,462 277,617 134,264
Depreciation on Property and equipment and amortization of intangiable assets 2,014 13,893 10,504 8,616
Amortization of right - of- use of assets and interest on lease liabilities 1,279 8,823
Deferred tax expense (benefit) (1,277) (8,806) 5,122 (74)
Share of losses of equity method investments 285 1,969 596
Change in fair value of long-term investments (47,247) (11,614)
Gain from disposal of long-term investments (745) (5,138)
Impairment loss of long-term investments 1,073 7,400 6,603
Losses (gains) from disposal of property and equipment 9 62 493 (76)
Investment income (49) (340) (12)
Impairment loss of intangible assets 4,061 28,011 136
Losses from disposal of intangible assets 24
Impairment loss of goodwill 15,573 107,407 149,092
Accretion of interest expenses on unsecured loans 1,894
Losses (gains) from disposal of subsidiaries, net 397 2,739 (2,899) 7,275
Change in fair value of warrant liabilities 29,011 61,454
Provision for U.S Class Action 12,117 83,575
Unrealized foreign exchange (gains) losses 1,401 9,666 6,696 (6,115)
Changes in operating assets and liabilities, net of effect of disposal of subsidiaries:        
Accounts receivable - third parties, net 179 1,234 34,342 (52,869)
Accounts receivable - related parties, net 31 216 13,420 (2,989)
Contract assets (4,556) (31,422) (6,647) (8,498)
Amounts due from related parties (15) (105) 3,942
Prepayments and other current assets 4,000 27,591 (15,497) (23,484)
Operating lease right-of-use assets (3,649) (25,165)
Other non-current assets (211) (1,452) 1,667 (1,089)
Accounts payable (3,565) (24,589) 28,206 (4,744)
Contract liabilities 8,969 61,863 94,962 55,628
Amounts due to related parties (2) (14) (3,472) 522
Operating lease right-of-use assets 2,408 16,610
Other non-current liabilities (351) (2,424) 3,334
Accrued expenses and other current liabilities 578 3,974 59,253 16,542
Net cash used in operating activities (82,245) (567,270) (238,079) (216,521)
Investing activities:        
Cash paid for business combination (16,876) (116,396) (203,164)
Cash paid for purchase of property and equipment (845) (5,825) (7,390) (3,402)
Cash paid for purchase of intangible assets (142) (980) (1,273) (2,667)
Cash paid for purchase of equity method investments (21,900)
Cash paid for purchase of other equity investments (20,000) (457)
Cash received from sale of short-term investments 9,400 64,833 2,512
Cash paid for purchase of short-term investments (50,651) (349,350) (127,514)
Cash received from disposal of property and equipment 30 62
Cash received from consolidation of subsidiaries 10,890
Cash received from disposal of a subsidiary 2,500
Cash Received from disposal of long-term investments 9,422 64,987 1,500
Cash from disposal of subsidiaries (1,024) (1,471)
Payment of interest free loans provided to related parties (3,950)
Collection of interest free loans provided to related parties   2,300 4,160
Cash paid for term deposits (630,098) (4,345,910) (3,375,933) (160,349)
Cash received from maturity of term deposits 730,770 5,040,269 1,926,418 69,762
Net cash provided by/(used in) investing activities 50,980 351,628 (1,814,560) (95,800)
Financing activities:        
Proceeds from IPO 2,195,827
Proceeds from issuance of Series F Redeemable Convertible Preferred Shares 598,662
Receive the Subscription receivables for Series C and E Redeemable Convertible Preferred Shares 336,179
Exercises of warrant F 219,667
Payment of issuance costs (5,549) (6,282)
Exercises share options 26,892
Repayment of long-term borrowings (1,161) (8,004) (106,092)
Payables to a VIE shareholder (230,087)
Cash paid to acquire subsidiaries' equity interests held by non-controlling shareholders, net (16,095)
Payment of initial public offering ("IPO") costs (8,146) (5,714)
Repurchase of treasury stock (5,692) (39,261) (68,894)
Proceeds from short-term bank borrowings 20,000
Repayment for short-term bank borrowings (797) (5,500) (21,140) (26,838)
Net cash provided by/(used in) financing activities (7,650) (52,765) 2,444,749 457,641
Effect of foreign currency exchange rate changes on cash 20,123 138,795 (36,235) (10,719)
Net increase/(decrease) in cash and restricted cash (18,792) (129,612) 355,875 134,601
Cash and restricted cash at the beginning of the year 95,238 656,877 301,002 166,401
Cash and restricted cash at the end of the year 76,446 527,265 656,877 301,002
Supplemental information        
Interest paid 69 479 291 1,608
Income tax paid 53 368 299 116
Income tax refund (33)
Non-cash investing and financing activities:        
Transfer of equity interest of subsidiaries at nil consideration 5,793
Issuance of ordinary shares as the consideration for purchase of non-controlling interests 20,621 27,025
Accrual for IPO Costs 275
Accrual for Series F financing issuance costs 5,549
Exercise of Series E Warrant ¥ 16,550