Company: VSA
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001300
Chunk: 173

Company: VisionSys AI Inc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 173
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 and restricted cash. Our cash consists of cash in bank and deposits placed in third-party payment processors. Cash of the VIEs, in the amount of RMB2.5 million (US$0.3 million) as of December 31, 2024, can be used only to settle obligations of the VIEs. Cash equivalents consist of interest-bearing certificates of deposit with initial term of no more than three months when purchased. Time deposits, which mature within one year as of the balance sheet date, represent interest-bearing certificates of deposit with an initial term of greater than three months when purchased. The restricted cash primarily consists of tuition fees in the escrow account supervised by the state and provincial education bureaus.
We believe that our current cash, cash equivalents, time deposits, restricted cash and anticipated cash flow from operations will be sufficient to meet our anticipated cash needs, including our cash needs for working capital and capital expenditures, for at least the next 12 months.
See “Summary of Significant Accounting Policies—Cash, cash equivalents, time deposits and restricted cash” under note 2(e) to our audited consolidated financial statements included in this annual report for information regarding the currencies in which cash, cash equivalents, time deposits and restricted cash were held as of December 31, 2024.

98

The following table sets forth a summary of our cash flow for the periods indicated:
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​                                                                                              ​                                     For the Year Ended December 31
​                                                                                              ​       2022   ​           2023   ​                             2024
​                                                                                                       RMB                RMB                RMB               US$
​                                                                                              ​                                                     (in thousands)
Net cash provided by /(used in) operating activities from continuing operations                ​      1,046   ​         21,468   ​      (104,941)   ​      (14,378)
Net cash used in operating activities from discontinued operations                             ​   (28,574)   ​      (140,403)   ​       (16,514)   ​       (2,262)
Net cash used in investing activities from continuing operations                               ​   (28,818)   ​       (34,544)   ​       (89,208)   ​      (12,221)
Net cash provided by/(used in) investing activities from discontinued operations               ​      6,109   ​        106,592