XML 35 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements Of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 3,123,437 $ 427,910 ¥ 2,227,093 ¥ 411,900
Adjustments to reconcile net income to net cash (used in) provided by operating activities        
Depreciation and amortization 77,927 10,676 74,742 88,343
Share-based compensation 496,639 68,040 441,827 919,255
Allowance (reversal) for credit losses (507) (69) (767) 4,613
Provision for loans receivable 296,528 40,624 234,599 194,272
(Gain) loss from disposal of property and equipment 36 5 803 (483)
Net loss (gain) from disposal and deemed disposal of investments 2,239 307 (3,852) 879
Investment loss from forward contract 0 0 0 4,058
Share of loss in equity method investees 2,861 392 2,067 1,246
Unrealized losses (gains) from fair value changes of investments and derivative assets 20,904 2,864 (12,938) 63,390
Noncash lease expense 37,900 5,192 12,791 12,220
Impairment loss of long-term investments 352,742 48,325 0 0
Foreign exchange (gain) loss and others (18,925) (2,593) 2,149 (15,048)
Changes in operating assets and liabilities:        
Accounts receivable 3,811 522 (10,043) 14,069
Amounts due from related parties 0 0 0 7,075
Loans receivable (975,101) (133,588) (1,107,222) (1,065,054)
Prepayments and other current assets (252,755) (34,627) 163,248 (943,214)
Deferred tax assets 56,199 7,699 (107,591) (20,998)
Accounts payable 6,007 823 (2,733) (1,428)
Prepaid for freight listing fees and other service fees 22,268 3,051 86,837 78,844
Income tax payable 181,304 24,839 102,683 20,695
Other tax payable 113,779 15,588 63,020 82,839
Amounts due to related parties 0 0 (6,066) (6,252)
Accrued expenses and other current liabilities (605,177) (82,909) 295,622 158,236
Deferred tax liabilities (13,021) (1,784) (13,020) (14,153)
Operating lease liabilities (39,035) (5,348) (12,724) (8,824)
Other non-current liabilities (10,536) (1,443) 22,950 0
Other non-current assets 90,601 12,412 (183,829) (2,000)
Net cash (used in) provided by operating activities 2,970,125 406,908 2,269,646 (15,520)
Cash flows from investing activities:        
Purchases of short-term investments (2,224,164) (304,709) (11,617,682) (84,599,727)
Maturity of short-term investments 12,241,690 1,677,105 21,594,724 86,901,541
Purchases of long-term investments (12,217,802) (1,673,832) (9,261,359) 0
Purchases of convertible note issued by related parties (142,060) (19,462) 0 0
Maturity of forward contracts 0 0 0 (4,058)
Payments for investment in equity investees (3,000) (411) (63,000) (6,500)
Acquisition of subsidiaries, net of cash acquired 0 0 0 (76,586)
Return from dissolution of equity investments 0 0 0 1,502
Loans to a related party (35,523) (4,867) 0 0
Repayments of loans from a related party 35,515 4,866 0 0
Purchases of property and equipment, land use rights and intangible assets (74,967) (10,270) (100,344) (85,686)
Proceeds from disposal of property and equipment and intangible assets 675 92 1,400 735
Net cash provided by (used in) investing activities (2,419,636) (331,488) 553,739 2,131,221
Cash flows from financing activities:        
Repayments of short-term loans 0 0 0 (9,000)
Proceeds from exercise of share options 1 0 1 8
Payments of cash dividend (1,064,155) (145,789) 0 0
Cash paid for repurchase of ordinary shares (489,433) (67,052) (1,168,301) (884,360)
Taxes paid for employees through repurchase of ordinary shares (85,842) (11,760) (26,741) (508,015)
Cash prepaid for repurchase of ordinary shares 0 0 (179,784) 0
Proceeds prepaid by investors of a subsidiary 100,000 13,700 90,000 0
Capital contribution from redeemable non-controlling interests 19,684 2,697 111,823 71,192
Capital contribution from non-controlling interests 0 0 6,000 0
Net cash used in financing activities (1,519,745) (208,204) (1,167,002) (1,330,175)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 23,728 3,247 18,954 71,932
Net increase (decrease) in cash, cash equivalents and restricted cash (945,528) (129,537) 1,675,337 857,458
Cash and cash equivalents and restricted cash, beginning of the year 6,896,408 944,804 5,221,071 4,363,613
Total cash, cash equivalents, and restricted cash 5,950,880 815,267 6,896,408 5,221,071
The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows.        
Cash and cash equivalents 5,810,347 796,014 6,770,895 5,137,312
Restricted cash, current 100,533 13,773 115,513 83,759
Restricted cash, non-current 40,000 5,480 10,000 0
Total cash, cash equivalents, and restricted cash 5,950,880 815,267 6,896,408 5,221,071
Supplemental disclosure of cash flow information:        
Cash paid for interest (excluding interest paid to investors of consolidated trusts)       175
Income taxes paid 108,725 14,895 124,732 110,491
Supplemental disclosure of non-cash investing and financing activities:        
Acquisition of intangible assets and property and equipment through prior year prepayment 22,537 3,088    
Payables for purchase of intangible assets and property and equipment 18,729 2,566 28,238 7,505
Vesting of restricted shares of TYT (see note 18)     ¥ 8,050  
Repurchase of ordinary shares through prepayments made in prior year 178,990 24,522    
Capital contribution from redeemable non-controlling interests through proceeds prepaid in prior year 90,000 12,330    
Settlement of subscription receivables through surrender of ordinary shares held by the shareholder       1,310,140
Reclassification from non-controlling interests to redeemable non-controlling interests       ¥ 73,980
TYT Company [Member]        
Supplemental disclosure of non-cash investing and financing activities:        
Vesting of restricted shares of TYT (see note 18) ¥ 6,127 $ 839