Company: VSA
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001300
Chunk: 176

Company: VisionSys AI Inc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 176
---
 of the purchase of property and equipment, including computers and servers, of RMB34.7 million for the replacement of obsolete items and the proceeds of RMB0.5 million received from disposal of property and equipment.
Net cash used in investing activities from continuing operations was RMB28.8 million in 2022, consisting of purchase of property and equipment, including computers and servers, of RMB29.4 million for the replacement of obsolete items, partially offset by the proceeds of RMB0.6 million received from the disposal of property.

99

Financing Activities
Net cash provided by financing activities from continuing operations was RMB18.6 million (US$2.6 million) in 2024, which was primarily attributed to the repayment of bank borrowings of RMB26.3 million and the repurchase of treasury stock of RMB7.4 million. 
Net cash used in financing activities from continuing operations was RMB33.8 million in 2023, which was primarily attributed to the repayment of bank borrowings RMB30 million and the repurchase of treasury stock of RMB2.4 million.
Net cash used in financing activities from continuing operations was RMB24.1 million in 2022, which was primarily attributed to the repayment of bank borrowings RMB 30.0 million, the repurchase of treasury stock of RMB 17.1 million, and the prepayment of acquiring noncontrolling interests of RMB 7.1 million, partially offset by the proceeds from bank borrowings of RMB30.0 million.
Material Cash Requirements
Capital Expenditures
Our capital expenditures are primarily related to purchase of property and equipment, leasehold improvements and investments in computers, network equipment and software. Our capital expenditures were RMB29.4 million, RMB34.7 million and RMB65.6 million (US$9.0 million) in 2022, 2023 and 2024, respectively.
Contractual Obligations
The following table sets forth our contractual obligations as of December 31, 2024:
​

              ​                  ​      ​      ​       ​      ​      ​      ​      ​      ​      ​     ​     ​    ​        ​     
---------------------------------------------------------------------------------------------------------------------------------
​                                ​   Payment due by December 31,                                                                 
​                                ​   ​         ​    ​         ​    ​        ​    ​        ​    ​       ​    ​     ​    2030 and  
​                                    Total