Company: VSA
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001300
Chunk: 203

Company: VisionSys AI Inc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 8
Chunk 203
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631)          (879,818)             2,844,181  
  Equity                                                           (1,499,894)                                   (32,033)       (1,539,907)      7,065            1,558,088           (1,506,681)  
  Net revenues from continuing operations                          —                                               40,755         1,360,680      —                (1,591)               1,399,844  
  Net income/(loss)                                                83,520                                           1,255               482      17,064           (17,088)                 85,233  
  Net cash provided by/(used in) operating activities              (5,699)                                          7,722          (29,753)      17,088           (16,886)               (27,528)  
  Net cash provided by/(used in) investing activities              —                                               19,975          (37,684)      (5,000)          —                      (22,709)  
  Net cash (used in)/provided by financing activities              (16,996)                                         5,762             4,331      14,238           (9,440)                 (2,105)  

  [Reserved]  
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  Capitalization and Indebtedness  
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Not Applicable.

  Reasons for the Offer and Use of Proceeds  
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Not Applicable.

  Risk Factors  
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Summary of Risk Factors

An investment in our ADSs involves significant risks. Below is a summary of material risks we face, organized under relevant headings. With respect to the legal risks associated with being based in and having operations in mainland China, the laws, regulations and the discretion of mainland China governmental authorities discussed in this annual report are expected to apply to mainland China entities and businesses, rather than entities or businesses in Hong Kong which operate under a different set of laws from mainland China. These risks are discussed more fully in Item 3. Key Information - D. Risk Factors.

Risks Related to Our Business

  Uncertainties and risks accompany our strategy to divest our professional education business. Our strategy to divest is largely based on our management’s assessment of our core strengths, busin...  
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