Company: VSA
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001300
Chunk: 174

Company: VisionSys AI Inc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 174
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   ​        (1,835)   ​         (251)
Net cash (used in)/provided by financing activities from continuing operations                 ​   (24,105)   ​       (33,781)   ​         18,632   ​         2,553
Net cash provided by/(used in) financing activities from discontinued operations               ​     22,000   ​        (2,000)   ​        (7,792)   ​       (1,067)
Effect of foreign currency exchange rate changes on cash and cash equivalents                  ​      2,288   ​        (1,447)   ​             93   ​            13
Net decrease in cash and cash equivalents                                                      ​   (50,054)   ​       (84,115)   ​      (201,565)   ​      (27,613)
Cash, cash equivalents and restricted cash at the beginning of the year                        ​    424,021   ​        373,967   ​        289,852   ​        40,825
Cash, cash equivalents and restricted cash at end of the year                                  ​    373,967   ​        289,852   ​         88,287   ​        12,095
Less: Cash, cash equivalents and restricted cash of discontinued operations                    ​    175,438   ​         62,588   ​         41,768   ​         5,722
Cash, cash equivalents and restricted cash at the end of the year from continuing operations   ​    198,529   ​        227,264   ​         46,519   ​         6,373
​
Operating Activities
Net cash used in operating activities from continuing operations amounted to RMB105.0 million (US$14.4 million) in 2024. It was primarily due to (a) a net loss from continuing operations of RMB535.4 million, mainly adjusted by depreciation and amortization of RMB41.1 million, amortization of right-of-use asset of RMB87.8 million, bad debt provision of RMB72.4 million, impairment of goodwill of RMB49.4 million, impairment of long-lived assets of RMB 272.6 million, impairment of Long-term Investment of RMB20.6 million, and share based compensation expense of RMB1.3 million; (b) a decrease in operating lease liabilities of RMB81.2