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FINANCIAL INFORMATION OF PARENT COMPANY - PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS (Details)
¥ in Thousands, $ in Thousands
1 Months Ended 12 Months Ended
Jan. 31, 2018
CNY (¥)
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash flows from operating activities:          
Net income (loss)   ¥ (408,916) $ (58,474) ¥ (73,642) ¥ 12,576
Adjustments for:          
Changes in fair value on other investments   300 40 7,160 (3,490)
Impairment on equity investments ¥ 1,300 41,629 6,000 0 0
Impairment on other investments   64,960 9,289    
Non-cash interest expense on convertible notes   16,252 2,324 30,289 25,967
Gain on extinguishment of convertible notes   (1,203) (172)    
Foreign currency exchange (gain) loss   (2,989) (427) 713 6,816
Gain on disposal of other investment   (3,400) (486)    
Changes in operating assets and liabilities:          
Change in prepayments and other current assets   2,016 288 (3,020) 673
Change in accrued expenses and other current liabilities   8,366 1,196 1,690 (21,213)
Increase/(Decrease) in interest payable       1,243 (2,432)
Net cash used in operating activities   (31,756) (4,540) (44,197) (46,320)
Cash flows from investing activities:          
Proceeds from disposal of other investment   3,400 486 5 5,163
Net cash provided by (used in) investing activities   1,115 159 (57,018) 4,470
Cash flows from financing activities:          
Proceeds from the issuance of convertible note   78,358 11,205   85,349
Proceeds from issuance of ordinary shares   31,504 4,505 17,783  
Net cash provided by financing activities   78,468 11,221 69,768 32,465
Effect of foreign exchange rate changes on cash and cash equivalents   (249) (36) (2,864) (3,457)
Net change in cash and cash equivalents   47,578 6,804 (34,311) (12,842)
Cash and cash equivalents, beginning of year   10,911 1,560 45,222 58,064
Cash and cash equivalents, end of year   58,489 8,364 10,911 45,222
Non-cash investing and financing activities:          
Conversion of convertible notes into ordinary shares   53,388 7,634 18,161 24,822
Restricted ordinary shares issued in exchange for investments       230,478  
Issuance of shares for acquisition of noncontrolling interest   15,000 2,145    
Non-cash unwind of investments and related share arrangements   3,877 554    
Cancellation of contingently redeemable shares   15,613 2,233    
Receipt of BTC from investors   33,937 4,853    
Receipt of USDT from investors   4,263 610    
Parent Company          
Cash flows from operating activities:          
Net income (loss)   (402,446) (57,549) (73,424) 20,003
Adjustments for:          
Share-based compensation expense   116,053 16,595 44,675 70,760
Impairment on advances and other assets   1,278 183    
Changes in fair value on other investments   278 40 0 0
Impairment on equity investments   32,130 4,595 0 0
Impairment on other investments   48,646 6,956    
Non-cash interest expense on convertible notes   16,252 2,324 30,289 25,967
Gain on extinguishment of convertible notes   (1,203) (172)    
Foreign currency exchange (gain) loss   394 56 148 (785)
Equity in loss (income) of subsidiaries and VIE   (52,428) (7,499) 10,173 (117,204)
Gain (loss) from change in fair value of conversion feature derivative, option assets and liabilities   5,733 820 (45,037) (23,171)
Gain on disposal of other investment   (3,400) (486)    
Changes in operating assets and liabilities:          
Change in prepayments and other current assets   (52) (7) (1,278) 0
Change in amounts due from intercompany   239,311 34,221 36,461 (15,563)
Change in accrued expenses and other current liabilities   (535) (76) 1,686 (11,952)
Increase/(Decrease) in interest payable   0 0 1,243 (2,432)
Net cash used in operating activities   11 1 4,936 (54,377)
Cash flows from financing activities:          
Proceeds from the issuance of convertible note         85,349
Proceeds from disposal of other investment       5 5,163
Repayments of convertible notes and interest-free loan   0 0 (34,390) (42,903)
Proceeds from issuance of ordinary shares       17,783  
Net cash provided by financing activities   0 0 (16,602) 47,609
Effect of foreign exchange rate changes on cash and cash equivalents   0 0 (298) 502
Net change in cash and cash equivalents   11 1 (11,964) (6,266)
Cash and cash equivalents, beginning of year   474 68 12,438 18,704
Cash and cash equivalents, end of year   485 69 474 12,438
Non-cash investing and financing activities:          
Conversion of convertible notes into ordinary shares   53,388 7,634 18,161 ¥ 24,822
Restricted ordinary shares issued in exchange for investments       230,478  
Put option liability   1,811 259 ¥ (1,923)  
Issuance of shares for acquisition of noncontrolling interest   15,000 2,145    
Non-cash unwind of investments and related share arrangements   3,877 554    
Cancellation of contingently redeemable shares   15,613 2,233    
Receipt of BTC from investors   33,937 4,853    
Receipt of USDT from investors   4,263 610    
Proceeds from issuance of ordinary shares   31,504 4,505    
Proceeds from convertible notes   ¥ 78,358 $ 11,205