| Additional Information - Condensed Financial Information of the Parent Company |
24. Additional Information - Condensed Financial Information
of the Parent Company
Condensed statements of operations and comprehensive loss:
| | |
For the year ended December 31, | |
| | |
2021 | | |
2022 | | |
2023 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Operating expenses: | |
| | |
| | |
| | |
| |
| Selling and marketing expenses | |
| (9 | ) | |
| - | | |
| - | | |
| - | |
| General and administrative expenses | |
| (6,701 | ) | |
| (20,637 | ) | |
| (24,540 | ) | |
| (3,456 | ) |
| Total operating
expenses | |
| (6,710 | ) | |
| (20,637 | ) | |
| (24,540 | ) | |
| (3,456 | ) |
| Interest income/(expenses), net | |
| 311 | | |
| (20 | ) | |
| 146 | | |
| 21 | |
| Change in fair value of warrant liability | |
| - | | |
| 11,219 | | |
| 20,732 | | |
| 2,920 | |
| Equity in loss of subsidiaries, VIEs and subsidiaries
of VIEs | |
| (96,058 | ) | |
| (157,586 | ) | |
| (77,289 | ) | |
| (11,242 | ) |
| Others, net | |
| 512 | | |
| 534 | | |
| 502 | | |
| 70 | |
| Net loss | |
| (101,945 | ) | |
| (166,490 | ) | |
| (80,449 | ) | |
| (11,687 | ) |
| Other comprehensive (loss)/income: | |
| | | |
| | | |
| | | |
| | |
| Foreign currency translation
adjustments | |
| (1,603 | ) | |
| (1,008 | ) | |
| 125 | | |
| 18 | |
| Total comprehensive
loss attributable to TuanChe Limited’s ordinary shareholders | |
| (103,548 | ) | |
| (167,498 | ) | |
| (80,324 | ) | |
| (11,669 | ) |
Condensed balance sheets:
| | |
As of December 31 | |
| | |
2022 | | |
2023 | |
| | |
RMB | | |
RMB | | |
US$ | |
| ASSETS | |
| | |
| | |
| |
| Current assets: | |
| | |
| | |
| |
| Cash and cash equivalents | |
| 57,168 | | |
| 3,004 | | |
| 423 | |
| Prepayment and other current assets | |
| 5,712 | | |
| 9,797 | | |
| 1,380 | |
| Receivables due from subsidiaries, VIEs and subsidiaries
of VIEs | |
| 121,957 | | |
| 135,144 | | |
| 19,035 | |
| Total current assets | |
| 184,837 | | |
| 147,945 | | |
| 20,838 | |
| Non-current assets: | |
| | | |
| | | |
| | |
| Investments in subsidiaries, VIEs and subsidiaries
of VIEs | |
| (53,080 | ) | |
| (113,494 | ) | |
| (15,985 | ) |
| Total non-current assets | |
| (53,080 | ) | |
| (113,494 | ) | |
| (15,985 | ) |
| TOTAL ASSETS | |
| 131,757 | | |
| 34,451 | | |
| 4,853 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| | | |
| | | |
| | |
| Current liabilities: | |
| | | |
| | | |
| | |
| Other taxes payable | |
| 6,643 | | |
| 6,755 | | |
| 951 | |
| Other current liabilities | |
| 4,752 | | |
| 1,519 | | |
| 214 | |
| Payables due to subsidiaries, VIEs and subsidiaries
of VIEs | |
| 2,710 | | |
| 2,741 | | |
| 386 | |
| Total current liabilities | |
| 14,105 | | |
| 11,015 | | |
| 1,551 | |
| Non-current liabilities: | |
| | | |
| | | |
| | |
| Warrant liability | |
| 24,376 | | |
| 3,952 | | |
| 557 | |
| Other non-current liabilities | |
| 492 | | |
| - | | |
| - | |
| Total non-current liabilities | |
| 24,868 | | |
| 3,952 | | |
| 557 | |
| TOTAL LIABILITIES | |
| 38,973 | | |
| 14,967 | | |
| 2,108 | |
| SHAREHOLDERS’ EQUITY | |
| | | |
| | | |
| | |
| Class A ordinary shares | |
| 235 | | |
| 236 | | |
| 33 | |
| Class B ordinary shares | |
| 35 | | |
| 35 | | |
| 5 | |
| Treasury stock | |
| (45,886 | ) | |
| (45,886 | ) | |
| (6,463 | ) |
| Additional paid-in capital | |
| 1,296,951 | | |
| 1,306,496 | | |
| 184,016 | |
| Accumulated loss | |
| (1,150,135 | ) | |
| (1,233,106 | ) | |
| (173,679 | ) |
| Accumulated other comprehensive loss | |
| (8,416 | ) | |
| (8,291 | ) | |
| (1,167 | ) |
| TOTAL SHAREHOLDERS’ EQUITY | |
| 92,784 | | |
| 19,484 | | |
| 2,745 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| 131,757 | | |
| 34,451 | | |
| 4,853 | |
Condensed statements of cash flows:
| | |
For the year ended December 31, | |
| | |
2021 | | |
2022 | | |
2023 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Net
cash (used in)/generated from operating activities | |
| (10,358 | ) | |
| (22,570 | ) | |
| 4,075 | | |
| 574 | |
| Cash flows from investing activities: | |
| | | |
| | | |
| | | |
| | |
| Cash paid for investments in subsidiaries, VIEs and
subsidiaries of VIEs | |
| (38,387 | ) | |
| (56,566 | ) | |
| (59,263 | ) | |
| (8,347 | ) |
| Cash received from maturity of
time deposits | |
| 45,674 | | |
| - | | |
| - | | |
| - | |
| Net cash
generated from/ (used in) investing activities | |
| 7,287 | | |
| (56,566 | ) | |
| (59,263 | ) | |
| (8,347 | ) |
| Cash flows from financing activities: | |
| | | |
| | | |
| | | |
| | |
| Proceeds of offering, net of issuance costs | |
| - | | |
| 93,526 | | |
| - | | |
| - | |
| Net cash
generated from financing activities | |
| - | | |
| 93,526 | | |
| - | | |
| - | |
| Effect of exchange rate changes
on cash and cash equivalents | |
| (1,619 | ) | |
| 967 | | |
| 1,024 | | |
| 144 | |
| Net (decrease)/increase
in cash and cash equivalents | |
| (4,690 | ) | |
| 15,357 | | |
| (54,164 | ) | |
| (7,629 | ) |
| Cash and cash equivalents at the beginning of year | |
| 46,501 | | |
| 41,811 | | |
| 57,168 | | |
| 8,052 | |
| Cash and
cash equivalents at the end of year | |
| 41,811 | | |
| 57,168 | | |
| 3,004 | | |
| 423 | |
Basis of presentation
The Company’s accounting
policies are the same as the Group’s accounting policies with the exception of the accounting for the investments in subsidiaries,
VIEs and subsidiaries of VIEs.
For the Company only
condensed financial information, the Company records its investments in subsidiaries, VIEs and subsidiaries of VIEs under the equity
method of accounting as prescribed in ASC 323, Investments-Equity Method and Joint Ventures. Such investments are presented on
the Condensed balance sheets as “Investments in subsidiaries, VIEs and subsidiaries of VIEs” and shares in the subsidiaries,
VIEs and subsidiaries of VIEs’ loss are presented as “Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs”
on the Condensed statements of operations and comprehensive loss. The parent company only condensed financial information should be read
in conjunction with the Group’ consolidated financial statements.
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