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Consolidated Statements of Cash Flows - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
(Loss)/profit before tax ¥ (58,582) ¥ (11,592) ¥ 65,863
Adjustments for:      
Finance costs 7,684 10,105 3,242
Finance income (79) (1,621) (258)
Depreciation of property, plant and equipment 10,709 2,257 1,251
Depreciation of right-of-use assets 4,139 4,480 1,618
Amortisation of intangible assets 8,422 5,366 3,762
Loss on disposal of property, plant and equipment 1,112 4 41
Covid-19-related rent concessions from a lessor 0 (778) 0
Recognition of equity-settled share-based payment expenses 53,933 19,416 0
Share of loss of a joint venture 491 9 0
Impairment of an amount due from a related party 2,000 0 0
Impairment of trade receivables, net 18,653 34,983 2,282
Impairment of other receivables, net 0 257 806
Adjustments to reconcile (loss) profit including (loss)/profit before tax 48,482 62,886 78,607
Working capital adjustments:      
Decrease/(increase) in inventories (6,357) 859 (116)
Decrease/(increase) in trade receivables 51,965 (25,909) (67,359)
Increase in prepayments, other receivables and other assets (17,312) (6,050) (40,973)
Decrease/(increase) in amounts due from related parties 357 (663) (370)
(Decrease)/increase in trade payables 3,204 (7,655) 11,742
(Decrease)/increase in other payables and accruals (6,838) 2,011 42,364
(Decrease)/increase in contract liabilities (1,029) 8,416 1,047
Cash generated from operations 72,472 33,895 24,942
Income tax paid (7,782) (7,608) (7,554)
Net cash flows from operating activities 64,690 26,287 17,388
Cash flows from investing activities      
Interest received 63 45 258
Investment in a joint venture 0 (500) 0
Investment in an unlisted equity investment at fair value through profit or loss (1,000) 0 0
Acquisition of a subsidiary 0 1,073 0
Purchase of intangible assets (20,333) (10,145) (19,119)
Purchase of property, plant and equipment (16,382) (948) (3,511)
Advance to a related party (900) (18,498) 0
Repayment of advance to a related party 0 17,398 0
Repayment from a loan receivable 3,000 6,000 0
Increase in deposits paid for property, plant and equipment (41,560) (9,899) (9,956)
Increase in deposits paid for intangible assets (214,464) (106,082) (42,434)
Proceeds from disposal of items of property, plant and equipment 298 0 3
Receipt of the principal portion of net investments in subleases 73 219 521
Decrease in a pledged deposit 0 0 36,930
Net cash flows used in investing activities (291,205) (121,337) (37,308)
Cash flows from financing activities      
Acquisition of non-controlling interests 0 0 (10)
Proceeds from issuance of ordinary shares, net of issuance costs 292,958 90,406 0
Repurchase of shares (1,274) 0 0
Proceeds from bank borrowings 10,000 10,000 5,000
Repayment of bank borrowings (10,000) (5,000) (39,700)
Proceeds from other borrowings 23,000 0 50,000
Repayment of other borrowings (35,461) 0 0
Advance from a related party 0 7,177 0
Repayment of amount due to a related party (7,177) 0 0
Repayment from shareholders 0 105 0
Payment of the principal portion of lease liabilities (2,566) (2,162) (1,996)
Interest paid (9,639) (2,767) (1,492)
Net cash flows from financing activities 259,841 97,759 11,802
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 33,326 2,709 (8,118)
Cash and cash equivalents at beginning of year 25,719 23,010 31,128
CASH AND CASH EQUIVALENTS AT END OF YEAR ¥ 59,045 ¥ 25,719 ¥ 23,010