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v3.24.3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2024 CNY (¥) | Jun. 30, 2024 USD ($) | Jun. 30, 2023 CNY (¥)
Operating activities: |  |  |
Net cash used in operating activities | ¥ (416,811) | $ (57,355) | ¥ (960,437)
Investing activities: |  |  |
Purchase of equipment and intangible assets | (56,236) | (7,738) | (48,004)
Cash paid for acquisition of equity investments | (53,900) | (7,417) | 0
Cash paid for asset acquisition of Suzhou Photon-Matrix, net of cash acquired | (45,185) | (6,218) | 0
Cash paid for acquisition of short-term investments | (294,000) | (40,456) | 0
Proceeds from redemption of short-term investments | 299,400 | 41,199 | 0
Loans and advances to related parties | (10,800) | (1,486) | (12,000)
Proceeds from disposal of equipment | 675 | 93 | 0
Cash collection of loans and advances to related parties | 17,700 | 2,436 | 8,500
Proceeds from sale of Zenseact | 0 | 0 | 792,063
Net cash provided by (used in) investing activities | (142,346) | (19,587) | 740,559
Financing activities: |  |  |
Proceeds from short-term borrowings | 580,000 | 79,811 | 480,000
Repayment for short-term borrowings | (180,000) | (24,769) | (480,000)
Payment for issuance costs of convertible notes | 0 | 0 | (3,396)
Borrowings from related parties | 449,000 | 61,784 | 300,000
Repayment of borrowings from related parties | (100,000) | (13,760) | 0
Cash paid for costs of the Merger | 0 | 0 | (64,632)
Net cash provided by financing activities | 749,000 | 103,066 | 231,972
Effect of foreign currency exchange rate changes on cash and restricted cash | (931) | (128) | 14,259
Net increase in cash and restricted cash | 188,912 | 25,996 | 26,353
Cash and restricted cash at the beginning of the period | 598,886 | 82,409 | 901,429
Cash and restricted cash at the end of the period | 787,798 | 108,405 | 927,782
Supplemental information: |  |  |
Income tax paid | 12,474 | 1,716 | 0
Interest paid | ¥ 64,220 | $ 8,837 | ¥ 30,063

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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4 + Details
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- Definition Amount, after refund, of cash paid to foreign, federal, state, and local jurisdictions as income tax. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-2A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-2 + Details
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