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CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
¥ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities      
Profit (loss) before tax ¥ (500,370) ¥ (395,803) ¥ (30,344)
Adjustments for:      
Depreciation of property, plant and equipment 0 2,903 2,952
Amortization of intangible asset 0 1 0
Amortization of right-of-use asset 250 0 0
Credit impairment losses 0 373,647 42,420
Loss from disposal of discontinued operations and subsidiaries (497,532) 0 0
Operating profit/(loss) before changes in working capital (2,588) (19,252) 15,028
Loans receivable 0 (11,218) (43,400)
Trade receivable (12,568) 0 0
Prepaid expenses (1,386) (360) (3,781)
Trade payable 1,302 0 0
Salary and benefit payable 1,379 1,834 2,307
Interest payable 0 18,088 18,125
Income tax payable 1,711 0 0
Other payable 2,722 (109) 4,286
Lease liability 330 0 0
Cash flows from (used in) operating activities (9,098) (11,017) (7,435)
Cash flow from financing activities      
Proceeds received from issuance of share 0 7,792 0
Repayments of related party loans 0 0 (130)
Proceeds received from issuance of convertible notes 8,272 7,277 6,758
Repayments of convertible notes 0 284 0
Net cash provided by financing activities 8,272 14,785 6,628
Net (decrease)/increase in cash, cash equivalents and restricted cash (826) 3,768 (807)
Cash, cash equivalents and restricted cash at beginning of year 2,533 295 396
Exchange gain/(losses) on cash, cash equivalents and restricted cash (1,628) (1,530) 706
Cash, cash equivalents and restricted cash at end of year 79 2,533 295
Supplemental disclosure of non-cash flow:      
Operating lease right-of-use asset obtained in exchange for operating lease liabilities 443 0 0
Conversion of convertible notes 7,040 0 0
Share issuance ¥ 1,735 ¥ 0 ¥ 0