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CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Cash used in operations ¥ (271,334) ¥ (637,746) ¥ (720,786)
Income tax paid (5,515) (10,715) (25,198)
Net cash used in operating activities (276,849) (648,461) (745,984)
Cash flows from investing activities      
Payments for property and equipment (6,113) (5,981) (22,066)
Payments for intangible assets (21,310) (31,488) (45,877)
Payments for financial assets measured at fair value through other comprehensive income (1,326,461) (1,867,657) (614,772)
Payments for Investment in Jointly controlled entities   (2,550)  
Payments for financial assets at fair value through profit or loss (882,752) (914,500) (2,706,721)
Proceeds for settlement of derivatives 19,263 40,342 16,491
Release of restricted cash and time deposits over three months, net 15,569 207,896 922,818
Proceeds from sales of property and equipment 533 699 9,467
Proceeds from disposal of subsidiaries - net 723,171    
Receipts of loans to related parties   1,600 1,900
Proceeds from sales of financial assets measured at fair value through other comprehensive income 1,217,277 1,991,143 193,495
Proceeds from disposal of investment in associate   199,200  
Proceeds from sales of financial assets at fair value through profit or loss 1,354,351 686,626 4,092,407
Interest received on financial assets at fair value through profit or loss 12,728 13,304 26,027
Net cash generated from investing activities 1,106,256 318,634 1,873,169
Cash flows from financing activities      
Proceeds from short-term borrowings   235,000 313,000
Proceeds from exercise of shares under share incentive scheme     1,161
Payments of lease liabilities (36,259) (60,922) (76,734)
Repayments of short-term borrowings (235,000) (273,000) (836,429)
Interest paid (8,064) (11,403) (20,072)
Transactions with non-controlling interests   (15,000)  
Payments for shares held for share incentive scheme   (88,280)  
Increase in restricted cash (2,929)    
Payments for shares repurchase     (74,992)
Net cash used in financing activities (282,252) (213,605) (694,066)
Net increase/(decrease) in cash and cash equivalents 547,155 (543,432) 433,119
Cash and cash equivalents at the beginning of the year 1,379,473 1,907,776 1,399,370
Effects of exchange rate changes on cash and cash equivalents 21,294 15,129 75,287
Cash and cash equivalents at the end of year ¥ 1,947,922 ¥ 1,379,473 ¥ 1,907,776