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Interim Condensed Consolidated Balance Sheets (Unaudited) - CNY (¥)
¥ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents ¥ 133,117 ¥ 243,392
Short-term investments 71,494 21,474
Accounts receivable, net 639,233 466,066
Prepayments and other current assets 52,912 49,321
Total current assets 896,756 780,253
Non-current assets:    
Restricted cash 5,000 5,000
Property, equipment and leasehold improvement, net 2,479 1,667
Intangible assets, net 7,000 8,050
Right-of-use assets 10,021 10,249
Goodwill 84,609 84,609
Other non-current assets 3,908 4,149
Total non-current assets 113,017 113,724
TOTAL ASSETS 1,009,773 893,977
Current liabilities    
Accounts payable 467,552 316,868
Short-term borrowings [1] 15,000 20,000
Contract liabilities 3,274 4,295
Salary and welfare benefits payable 73,313 73,609
Tax payable 875 950
Accrued expenses and other current liabilities 23,452 25,759
Short-term lease liabilities 4,730 3,951
Warrant 1 850
Total current liabilities 646,998 501,533
Non-current liabilities    
Deferred tax liabilities 1,750 2,013
Long-term lease liabilities 4,485 5,398
Deferred revenue 1,432 1,432
Warrant 2,921 5,419
Total non-current liabilities 10,588 14,262
TOTAL LIABILITIES 657,586 515,795
Commitments and contingencies (Note 19)
SHAREHOLDERS’ EQUITY :    
Ordinary shares (US$ 0.00001 par value, 5,000,000,000 and 5,000,000,000 shares (4,000,000,000 Class A ordinary shares and 1,000,000,000 Class B ordinary shares) authorized as of December 31, 2023 and June 30, 2024, respectively; 75,440,709 and 77,846,610 shares (59,250,106 Class A ordinary shares and ID="xdx_900_eus-gaap--CommonStockSharesIssu [2] 5 5
Treasury stock (1,025) (1,025)
Additional paid-in capital 2,518,989 2,491,873
Accumulated deficit (2,168,693) (2,113,821)
Accumulated other comprehensive income 2,911 1,150
TOTAL SHAREHOLDERS’ EQUITY: 352,187 378,182
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 1,009,773 893,977
Related Party [Member]    
Current liabilities    
Amounts due to related party ¥ 58,801 ¥ 55,251
[1] On June 14, 2023, the Group entered into an RMB10.0 million credit facility with the Bank of Beijing that will expire on June 13, 2025 to support its operations, which was guaranteed by Beijing Cheche. Under this credit facility, the Group drew down RMB4.0 million and RMB6.0 million on June 29, 2023, respectively. The loans of RMB 4.0 million and RMB6.0 million were repaid on June 13, 2024. There are no financial covenants for the credit facility.
[2] Shares outstanding for all periods reflect the adjustment for Reverse Recapitalization (Note 3).