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Parent only financial information
12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Parent only financial information Parent only financial information
The following condensed financial statements of the Company have been prepared using the same accounting policies as set out in the accompanying consolidated financial statements. As of December 31, 2023, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of convertible redeemable preferred shares or guarantees of the Company, except for those, which have been separately disclosed in the consolidated financial statements.
(a)Condensed Balance Sheets
As of December 31,
20222023
RMBRMB
ASSETS
Current assets
Cash119,022 12,947 
Short-term investments  121,876 
Prepayments and other assets35 — 
Amounts due from related parties4,168,615 4,288,934 
Total current assets4,287,672 4,423,757 
Non-current assets
Long-term investments69,319 48,580 
Total non-current assets69,319 48,580 
Total assets4,356,991 4,472,337 
Current Liabilities
Accrued expenses and other current liabilities146,507 64,924 
Amounts due to related parties18,925 180,698 
Share of losses in excess of investments in subsidiaries3,948,086 4,692,424 
Total current liabilities4,113,518 4,938,046 
Non-current liabilities
Convertible notes payable439,869 455,701 
Total non-current liabilities439,869 455,701 
Total liabilities4,553,387 5,393,747 
SHAREHOLDERS’ DEFICIT
Class A Ordinary Shares
Class B Ordinary Shares
Additional paid-in capital5,919,660 6,093,685 
Accumulated deficit(5,730,180)(6,670,371)
Accumulated other comprehensive loss(385,886)(344,734)
Total shareholders’ deficit(196,396)(921,410)
Total liabilities and shareholders’ deficit4,356,991 4,472,337 
(b)Condensed statements of comprehensive loss
Year end of December 31,
202120222023
RMBRMBRMB
General and administrative expenses(17,660)(26,005)(24,089)
Interest income885 6,565 5,411 
Interest expense(514)(3,132)(25,608)
Foreign currency exchange gains (losses)12,478 (14,459)1,245 
Change in fair value of an equity security— (16,843)(22,451)
Share of losses from subsidiaries (1,170,450)(1,511,004)(874,699)
Loss before income taxes(1,175,261)(1,564,878)(940,191)
Income tax expenses— — — 
Net loss(1,175,261)(1,564,878)(940,191)
(c)Condensed statements of cash flows
Year ended December 31,
202120222023
RMBRMBRMB
Net cash used in operating activities(22,741)(22,893)(43,242)
Net cash used in investing activities(3,121,321)(734,299)(123,944)
Net cash provided by financing activities3,222,206 729,767 59,177 
Effect of foreign currency exchange rate changes on cash(17,660)(12,308)1,934 
Net increase (decrease) in cash60,484 (39,733)(106,075)
Cash at beginning of the year98,271 158,755 119,022 
Cash at end of the year158,755 119,022 12,947