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CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
¥ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flow from operating activities      
Profit before income taxes ¥ 19,854 ¥ 58,616 ¥ 26,188
Adjustments for:      
Depreciation of property and equipment 2,977 2,944 818
Amortization of intangible assets 1 2 0
Gain on disposal of property and equipment 0 (174) 0
Share-based compensation 111 75 689
Credit impairment losses 55,264 24,694 66,904
Operating profit before changes in working capital 78,207 86,157 94,599
Interest receivables 0 7,057 4,933
Loan receivables (102,263) (70,131) (79,577)
Prepaid expenses and others (2,250) 743 (555)
Advance from customers 0 0 (142)
Salary and benefit payable 2,399 3,850 (2,012)
Interest payable 18,399 12,584 1,310
Other payable 4,882 (25,183) 9,386
Net cash generated by/(used in) operating activities (626) 15,077 27,942
Income tax paid 0 0 (676)
Net cash generated by/(used in) operating activities (626) 15,077 27,266
Cash flow from investing activities      
Payment for intangible asset 0 0 (9)
Proceeds from disposal of property and equipment 0 195 0
Payment for property and equipment 0 (271) (18,376)
Net cash used in investing activities 0 (76) (18,385)
Cash flow from financing activities      
Proceeds received from related party loans 414 17,434 88,000
Repayments of related party loans 0 (14,693) (8,500)
Proceeds received from shareholders' loans 0 13,000 5,000
Repayments of shareholders' loans 0 (3,000) (5,000)
Proceeds received from loans payable 0 48,142 308,629
Repayments of loans payable 0 (79,345) (414,924)
Net cash (used in)/generated by financing activities 414 (18,462) (26,795)
Net decrease in cash, cash equivalents and restricted cash (212) (3,461) (17,914)
Cash and cash equivalents at beginning of year 132 3,188 21,717
Exchange losses on cash, cash equivalents and restricted cash 177 405 (615)
Cash, cash equivalents and restricted cash at end of year 97 132 3,188
Net cash generated by/(used in) operating activities include      
Interest received 100 3,307 98,185
Interest paid (200) (3,709) (25,769)
Foreclosure of a pledged property 0 0 (18,000)
Net cash (used in)/generated by financing activities      
Loans receivable novated to a related party to offset its related party loans to the Company ¥ 1,305 ¥ 40,216 ¥ 0