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CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Loss before taxation ¥ (89,841,000) ¥ (193,062,000) ¥ (9,445,000)
Adjustments for      
Operating lease charge 14,067,000 13,082,000 12,187,000
Depreciation of property, plant and equipment 96,000 12,000 12,000
Amortization of prepaid expenses     2,677,000
Write down of inventories ( reversal of inventory provision) (99,237,000) (2,301,000) (56,766,000)
Bad debt provision of trade receivables 125,554,000 150,268,000 68,661,000
Share based compensation 1,835,000 1,135,000 627,000
Interest expense on lease liability 2,166,000 2,746,000 315,000
Operating cash flows before working capital changes (45,360,000) (28,120,000) 18,268,000
Increase in inventories 119,850,000 115,395,000 18,817,000
Increase in trade receivables (75,499,000) (74,714,000) (21,570,000)
Decrease (Increase) in other receivables and prepayments (19,936,000) 1,191,000 (40,000)
Decrease in trade payables (461,000) (15,826,000) (1,753,000)
Decrease(Increase) in unearned revenue 15,545,000 (619,000) 619,000
Decrease (Increase) in taxes payable (1,756,000) 2,922,000 (5,502,000)
Decrease (Increase) in accrued liabilities and other payables (465,000) (497,000) (2,552,000)
Cash generated from (used in) operations (8,082,000) (268,000) 6,287,000
Income tax paid (41,000) (45,000)  
Net cash generated from (used in) operating activities (8,123,000) (313,000) 6,287,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of fixed assets (1,279,000) (46,000)  
Decrease in restricted cash   2,785,000 (1,066,000)
Net cash generated from (used in) investing activities (1,279,000) 2,739,000 (1,066,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for lease liabilities (15,447,000) (14,841,000) (13,902,000)
Insurance of share capital for equity financing 29,586,000 16,045,000 5,033,000
Warrants exercised 10,258,000   2,948,000
Advance from related parties   131,000 14,000
Net cash generated from (used in) financing activities 24,397,000 1,335,000 (5,907,000)
NET INCREASE IN CASH & EQUIVALENTS 14,995,000 3,761,000 (686,000)
CASH & EQUIVALENTS, BEGINNING OF YEAR 12,344,000 8,212,000 9,016,000
EFFECT OF FOREIGN EXCHANGE RATE DIFFERENCES 541,000 371,000 (118,000)
CASH & EQUIVALENTS, END OF YEAR ¥ 27,880,000 ¥ 12,344,000 ¥ 8,212,000