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Parent only financial information
12 Months Ended
Dec. 31, 2024
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, 2024, 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,
20232024
RMBRMB
ASSETS
Current assets
Cash12,947 4,105 
Short-term investments 121,876 130,525 
Prepayments and other assets— 14,578 
Amounts due from related parties4,288,934 4,445,227 
Total current assets4,423,757 4,594,435 
Non-current assets
Long-term investments48,580 5,316 
Total non-current assets48,580 5,316 
Total assets4,472,337 4,599,751 
Current Liabilities
Convertible notes payable, current— 470,610 
Accrued expenses and other current liabilities64,924 99,057 
Amounts due to related parties180,698 170,768 
Share of losses in excess of investments in subsidiaries4,689,593 5,618,976 
Total current liabilities4,935,215 6,359,411 
Non-current liabilities
Convertible notes payable, non-current455,701 — 
Total non-current liabilities455,701  
Total liabilities5,390,916 6,359,411 
SHAREHOLDERS’ DEFICIT
Class A Ordinary Shares10 
Class B Ordinary Shares
Treasury Shares— (7,435)
Additional paid-in capital6,096,675 6,214,270 
Accumulated deficit(6,670,686)(7,603,001)
Accumulated other comprehensive loss(344,578)(363,505)
Total shareholders’ deficit(918,579)(1,759,660)
Total liabilities and shareholders’ deficit4,472,337 4,599,751 
(b)Condensed statements of comprehensive loss
Year end of December 31,
202220232024
RMBRMBRMB
General and administrative expenses(26,005)(24,089)(26,125)
Interest income6,565 5,411 11,644 
Interest expense(3,132)(25,608)(59,842)
Foreign currency exchange (losses)/gains(14,459)1,245 (91)
Change in fair value of an equity security(16,843)(22,451)(44,019)
Share of losses from subsidiaries (1,511,004)(875,014)(813,882)
Loss before income taxes(1,564,878)(940,506)(932,315)
Income tax expenses— — — 
Net loss(1,564,878)(940,506)(932,315)
(c)Condensed statements of cash flows
Year ended December 31,
202220232024
RMBRMBRMB
Net cash used in operating activities(22,893)(43,242)(46,203)
Net cash (used in)/provided by investing activities(734,299)(123,944)59,022 
Net cash provided by/(used in) financing activities729,767 59,177 (21,898)
Effect of foreign currency exchange rate changes on cash(12,308)1,934 237 
Net decrease in cash(39,733)(106,075)(8,842)
Cash at beginning of the year158,755 119,022 12,947 
Cash at end of the year119,022 12,947 4,105