v3.26.1
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash flows from operating activities        
Net (loss)/income ¥ 2,270 $ 323 ¥ (187,991) ¥ (82,971)
Net (loss)/income from continuing operations 42,535 6,081 (94,272) (3,160)
Net loss from discontinued operations (40,265) (5,758) (93,719) (79,811)
Adjustment to reconcile net (loss)/income to net cash used in operating activities:        
Share-based compensation 24,560 3,512 28,394 9,546
Gain from disposal of subsidiary (48,986) (7,005)
Change in fair value of warrant liability (28,024) (4,007) 57,066 (20,732)
Changes in operating assets and liabilities-continuing operations:        
Accounts and notes receivable (6,522) (933) 9,797
Prepayment and other current assets (165,379) (23,649) (4,085)
Accounts payable 6,499 929
Advance from customers 189 27
Salary and welfare benefits payable 1,212 173 805
Other taxes payable (6,852) (980) 101 112
Other current liabilities 3,870 556 (7,409) 22,394
Net cash generated from/(used in) operating activities-continuing operations (176,898) (25,296) (5,518) 4,075
Net cash (used in)/generated from operating activities-discontinued operations 534 76 (29,204) (78,967)
Net cash used in operating activities (176,400) (25,220) (34,722) (74,892)
Cash flows from investing activities:        
Disposal of subsidiaries (4,904) (701)
Net cash used in investing activities-continuing operations (4,904) (701)
Net cash used in investing activities-discontinued operations (19)
Net cash used in investing activities (4,904) (701) (19)
Cash flows from financing activities:        
Proceeds of offering, net of listing fee 165,039 23,600 7,112
Net cash generated from financing activities-continuing operations 165,039 23,600 7,112
Net cash generated from/(used in) financing activities-discontinued operations (1,450) (207) 23,047 13,972
Net cash generated from financing activities 163,589 23,393 30,159 13,972
Effect of exchange rate changes on cash and cash equivalents 8,315 1,189 (1,071) 70
Net decrease in cash and restricted cash (9,364) (1,339) (5,653) (60,850)
Cash, cash equivalents and restricted cash at beginning of the year 10,340 1,479 15,993 76,843
Cash, cash equivalents and restricted cash at end of the year 976 140 10,340 15,993
Less: Cash, cash equivalents and restricted cash of discontinued operations at the end of the year 5,741 12,989
Cash and cash equivalent of continuing operations at the end of the year 976 140 4,599 3,004
Supplemental disclosures of cash flow information:        
Cash paid for interest expense from continuing operations
Cash paid for interest expense from discontinued operations (1,181) (169) (465) (337)
Supplemental schedule of non-cash investing and financing activities:        
Right-of-use assets obtained in exchange for new operating lease liabilities from continuing operations 1,080 2,813
Right-of-use assets disposed as reduction of operating lease liabilities due to lease termination from discontinued operations ¥ 71