v3.26.1
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
CNY (¥)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash flows from operating activities:        
Net (loss)/income $ 31,552 ¥ 220,649 ¥ (80,976) ¥ (134,515)
Adjustment to reconcile net (loss)/income to net cash generated from/(used in) operating activities:        
Depreciation of property, equipment and leasehold improvement 986 6,900 10,711 13,218
Amortization of intangible assets 109 759 661 983
Amortization of right-of-use assets 2,182 15,263 17,460 16,903
Foreign exchange losses 146 1,022 4,209 1,488
Investment income 142 996 (919) (188)
Share-based compensation 646 4,518 14,150 26,755
Impairment of right-of-use assets 159 1,112
Allowance for expected credit loss 10 69 90,789
Losses/(gains) on disposal of property, equipment and leasehold improvement 54 381 90 (438)
Changes in operating assets and liabilities:        
Accounts receivable 6 41 475 1,637
Prepayments and other current assets (2,317) (16,204) (432) (94,572)
Accounts payable 2,770 19,372 (3,805) (10,648)
Deferred revenue 1,041 7,280 1,712 (6,429)
Salary and welfare payable 6,340 44,337 (5,136) 499
Taxes payable 309 2,160 3,450 (549)
Lease liabilities (2,193) (15,339) (17,785) (18,057)
Accrued expenses and other current liabilities (1,898) (13,282) 29,666 31
Other non-current liabilities (3,952)
Net cash (used in)/generated from operating activities 40,044 280,000 (26,469) (117,045)
Cash flows from investing activities:        
Purchase of property, equipment and leasehold improvement (493) (3,448) (11,072) (5,961)
Purchase of intangible assets (96) (670) (1,099) (1,261)
Purchase of short-term investments (35,321) (247,000) (125,000)
Maturities of short-term investments 35,321 247,000 125,000 111,022
Proceeds from disposal of property, equipment and leasehold improvement 45 317 197 1,853
Net cash generated from/(used in) investing activities (544) (3,801) (11,974) 105,653
Cash flows from financing activities:        
Proceeds from exercise of vested share options 4 26 7 5
Proceeds from short-term loans 18,377 40,900
Repayments of short-term loans (1,028) (7,188) (11,188) (114,878)
Cash paid for repurchase of common shares (4,112) (28,756) (10,190)
Capital contributions from the non-controlling interest shareholders 2,299
Cash paid for dividends (4,330) (30,283)
Net cash used in financing activities (9,466) (66,201) (2,994) (71,674)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (471) (3,290) (3,017) 2,168
Net (decrease)/increase in cash, cash equivalents and restricted cash 29,563 206,739 (44,454) (80,898)
Cash, cash equivalents and restricted cash at beginning of the year 64,802 453,163 497,617 578,515
Cash, cash equivalents and restricted cash at end of the year 94,365 659,902 453,163 497,617
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 93,700 655,100 441,858 494,965
Restricted cash 693 4,844 11,305 2,652
Total Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows 94,365 659,902 453,163 497,617
Supplemental disclosures of cash flow information:        
Cash paid for interest expense (4) (28) (416) (2,051)
Cash paid for operating leases (2,385) (16,679) (17,754) (18,257)
Income taxes paid (259) (1,811) (1,861) (495)
Non-cash investing and financing activities:        
Right-of-use assets obtained in exchange for lease liabilities $ 3,898 ¥ 27,255 ¥ 16,277 ¥ 6,127