| SCHEDULE OF CONSOLIDATED FINANCIAL STATEMENTS |
SCHEDULE
OF CONSOLIDATED FINANCIAL STATEMENTS
| | |
2024 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| ASSETS | |
| | |
| |
| Current assets | |
| | | |
| | |
| Cash and cash equivalents | |
| 47,309 | | |
| 48,058 | |
| Restricted cash | |
| — | | |
| 24 | |
| Short-term investments | |
| — | | |
| 81,233 | |
| Accounts receivable | |
| 16,893 | | |
| 36,726 | |
| Prepayments and other current assets | |
| 45,893 | | |
| 35,897 | |
| Amounts due from inter-companies | |
| 160,413 | | |
| 181,880 | |
| Total current assets | |
| 270,508 | | |
| 383,818 | |
| Non-current assets | |
| | | |
| | |
| Long-term investments | |
| 51,090 | | |
| — | |
| Property and equipment, net | |
| 2,814 | | |
| 1,357 | |
| Operating lease right-of-use assets | |
| 44,164 | | |
| 24,982 | |
| Other non-current assets | |
| 4,600 | | |
| 3,062 | |
| Total non-current assets | |
| 102,668 | | |
| 29,401 | |
| Total assets | |
| 373,176 | | |
| 413,219 | |
| LIABILITIES | |
| | | |
| | |
| Current liabilities | |
| | | |
| | |
| Accounts payable | |
| 108,553 | | |
| 160,865 | |
| Deferred revenue | |
| 56,768 | | |
| 60,541 | |
| Amounts due to inter-companies | |
| 457,895 | | |
| 465,171 | |
| Operating lease liabilities, current | |
| 12,770 | | |
| 9,728 | |
| Accrued expenses and other current liabilities | |
| 30,035 | | |
| 24,053 | |
| Total current liabilities | |
| 666,021 | | |
| 720,358 | |
| Non-current liabilities | |
| | | |
| | |
| Operating lease liabilities, non-current | |
| 29,395 | | |
| 12,879 | |
| Total non-current liabilities | |
| 29,395 | | |
| 12,879 | |
| Total liabilities | |
| 695,416 | | |
| 733,237 | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
Year Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | |
| Total revenues | |
| 1,097,261 | | |
| 1,033,333 | | |
| 961,102 | |
| Net income (loss) | |
| 101,738 | | |
| 38,093 | | |
| (2,644 | ) |
| Net cash used in operating activities | |
| (79,526 | ) | |
| (54,081 | ) | |
| (44,071 | ) |
| Net cash provided by (used in) investing activities | |
| (68,853 | ) | |
| 59,755 | | |
| (41,820 | ) |
| Net cash provided by (used in) financing activities | |
| 101,641 | | |
| (72,672 | ) | |
| 86,664 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | |
| (46,738 | ) | |
| (66,998 | ) | |
| 773 | |
| Cash and cash equivalents at the beginning of the year | |
| 161,045 | | |
| 114,307 | | |
| 47,309 | |
| Cash, cash
equivalents and restricted cash at the end of the year | |
| 114,307 | | |
| 47,309 | | |
| 48,082 | |
|