← Cheche Group Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Net Income (Loss) Attributable to Parent | — | ($91.0m) | ($159.6m) | ($61.2m) | ($17.8m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($279.3m) | ($921.8m) | ($61.2m) | ($17.8m) | |
| Depreciation and amortization | — | $2.4m | $2.1m | $2.1m | $2.1m | |
| Amortization | — | $2.1m | $2.1m | $2.1m | $2.1m | |
| Amortization of Intangible Assets | — | $2.1m | $2.1m | $2.1m | $2.1m | |
| Depreciation | — | $1.2m | $1.0m | $1.1m | $473k | |
| Depreciation Expense | $1.7m | $1.2m | $1.0m | $1.1m | $473k | |
| Amortization of Intangibles | $2.2m | $2.1m | $2.1m | $2.1m | $2.1m | |
| Deferred Income Tax Expense (Benefit) | ($525k) | ($525k) | ($525k) | ($525k) | ($525k) | |
| Share-based Payment Arrangement, Noncash Expense | — | $16.2m | $110.0m | $33.9m | $24.4m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | $16k | ($7k) | ($46k) | ($816k) | ($90k) | |
| Income Tax Expense (Benefit) | ($525k) | ($521k) | ($363k) | ($291k) | ($406k) | |
| Other Nonoperating Income (Expense) | ($153k) | ($1.3m) | ($127k) | ($137k) | ($2.0m) | |
| Income Tax Expense | ($525k) | ($525k) | ($525k) | ($525k) | ($525k) | |
| Cash payments of interest expense | ($10.5m) | ($2.6m) | ($898k) | ($584k) | ($2.0m) | |
| Changes in operating assets and liabilities: | ||||||
| Additional Financial Items | ||||||
| Increase (Decrease) in Accounts Receivable | — | $116.0m | $65.6m | $519.6m | $162.1m | |
| Increase (Decrease) in Accounts Payable | — | $46.9m | $89.7m | $408.9m | $116.9m | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $11.2m | ($6.5m) | ($7.5m) | ($757k) | ($4.5m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $13.4m | ($2.5m) | ($2.8m) | $4.8m | |
| General and Administrative Expense | — | $69.3m | $139.4m | $107.9m | $75.8m | |
| Goodwill | — | $84.6m | $84.6m | $84.6m | $84.6m | |
| Investment Income, Interest | — | $1.9m | $5.4m | $6.0m | $3.2m | |
| Market Risk Benefit, Change in Fair Value, Gain (Loss) | — | ($6.5m) | ($7.5m) | — | — | |
| Operating Expenses | — | $258.3m | $308.0m | $3.5b | $181.2m | |
| Payments of Financing Costs | — | — | $5.0m | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $104k | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $8.7m | $900k | — | — | |
| Net Loss | ($146.5m) | ($91.0m) | ($159.6m) | ($61.2m) | ($17.8m) | |
| Non-Operating Income (Expense) | ($153k) | $196k | ($1.7m) | ($2.6m) | ($1.5m) | |
| Changes in fair value of amounts due to related party | $11.2m | $6.5m | $7.5m | $757k | $4.5m | |
| Stock-Based Compensation Expense | $18.5m | $16.2m | $110.0m | $33.9m | $24.4m | |
| Provision for Doubtful Accounts (CF) | $484k | $23k | $1.2m | $3.4m | ($1.2m) | |
| Foreign exchange losses/(gains) | ($2.1m) | ($13.4m) | $2.5m | $2.8m | ($4.8m) | |
| Accounts receivable | ($164.8m) | ($116.0m) | ($65.6m) | ($519.6m) | ($162.1m) | |
| Prepayments and other current assets | ($6.0m) | ($8.7m) | ($7.0m) | $2.7m | ($12.8m) | |
| Accounts payable | $96.4m | $46.9m | $89.7m | $408.9m | $116.9m | |
| Contract liabilities | $5.4m | ($7.8m) | $3.4m | ($2.5m) | ($737k) | |
| Salary and welfare benefits payable | $11.4m | $11.0m | $10.3m | $6.8m | $3.3m | |
| Tax payable | ($140k) | ($1.3m) | ($2.1m) | $11.1m | $10.6m | |
| Accrued expenses and other current liabilities | ($16.1m) | ($4.3m) | ($17.7m) | ($5.4m) | ($1.1m) | |
| Proceeds from Sale of PP&E | $52k | — | $22k | $12k | $48k | |
| Placement of short-term investments | ($63.8m) | ($182.5m) | ($42.7m) | ($186.5m) | ($16.8m) | |
| Cash repayments of short-term borrowings to bank (Note 10(1)) | ($20.0m) | ($20.0m) | — | ($20.0m) | ($52.0m) | |
| Cash repayments of amounts due to a related party (Note 21(a)(i)) | ($6.3m) | — | ($12.6m) | ($10.0m) | — | |
| Proceeds from Stock Issuance | — | ($137.2m) | — | — | $104k | |
| Accretions to preferred shares redemption value | ($101.5m) | $188.3m | $762.2m | — | — | |
| Right-of-use assets released due to termination of lease contracts | — | ($2.8m) | ($1.7m) | ($6.2m) | ($648k) | |
| Net Cash Provided by (Used in) Operating Activities | ($187.6m) | ($158.9m) | ($26.9m) | ($114.1m) | ($40.5m) | |
| Cash flows from investing activities: | ||||||
| Payments to Acquire Property, Plant, and Equipment | ($1.6m) | $1.2m | $549k | $1.7m | $75k | |
| Proceeds from Maturities of Investments | — | $211.4m | $56.1m | $172.5m | $52.2m | |
| Net cash generated from/(used in) investing activities | ($65.3m) | $27.7m | $12.8m | ($15.6m) | $35.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($65.3m) | $27.7m | $12.8m | ($15.6m) | $35.4m | |
| Cash flows from financing activities: | ||||||
| Proceeds from Debt Issuance | $10.0m | $10.0m | $20.0m | $5.0m | $10.0m | |
| Repayments of Long-term Debt | — | $11.8m | — | — | — | |
| Net cash generated from financing activities | $583.7m | ($159.0m) | $140.3m | $1.9m | $55.4m | |
| Net Cash Provided by (Used in) Financing Activities | — | ($159.0m) | $140.3m | $1.9m | $55.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.9m) | $42.8m | $2.2m | $1.9m | ($2.1m) | |
| Effect of Exchange Rate on Cash | ($1.9m) | $42.8m | $2.2m | $1.9m | ($2.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.9m) | ($247.4m) | $128.4m | ($125.9m) | $48.1m | |
| Net increase/(decrease) in cash and cash equivalents and restricted cash | $328.8m | ($247.4m) | $128.4m | ($125.9m) | $48.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $328.8m | $119.9m | $248.4m | $122.5m | $170.6m | |
| Cash, Cash Equivalents, and Short-term Investments | — | $39.8m | — | $53.2m | $82.7m | |
| Cash and cash equivalents and restricted cash at beginning of the year | $367.4m | $119.9m | $248.4m | $122.5m | $170.6m | |
| Restricted cash at end of the year | $5.0m | $5.0m | $5.0m | $5.0m | $26.1m | |
| Cash and cash equivalents at end of the year | $362.4m | $114.9m | $243.4m | $117.5m | $144.5m | |
| Supplemental disclosure of cash flow information: | ||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $2.6m | $898k | $584k | $2.0m | |
| Cash paid for income tax | ($3k) | ($4k) | ($162k) | ($234k) | ($119k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.