Company: ZHIHF
Filing Date: 2025-04-15
Form Type: 20-F
Source: 0001410578-25-000729
Chunk: 183

Company: Zhihu Inc.
Filing Date: 2025-04-15
Form: 20-F
Item: Item 3
Chunk 183
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6 billion.

Financing Activities

For the year ended December 31, 2024, net cash used in financing activities was RMB403.9 million (US$55.3 million), which was primarily attributable to payment for repurchase of shares.

For the year ended December 31, 2023, net cash used in financing activities was RMB365.1 million, which was primarily attributable to payment for repurchase of shares.

For the year ended December 31, 2022, net cash used in financing activities was RMB108.4 million, which was primarily attributable to payment for repurchase of shares.

Material Cash Requirements

Other than the ordinary cash requirements for our operations, our material cash requirements as of December 31, 2024 and any subsequent interim period primarily include our capital expenditures and operating lease obligations, as well as cash requirements for potential investments. We intend to fund our existing and future material cash requirements with our existing cash balance and other financing alternatives. We will continue to make cash commitments, including capital expenditures, to support the growth of our business.

Capital Expenditures

Our capital expenditures are primarily incurred for purchases of property and equipment. Our total capital expenditures were RMB0.7 million in 2022, RMB8.9 million in 2023, and RMB2.7 million (US$374 thousand) in 2024. We intend to fund our future capital expenditures with our existing cash balance. We will continue to make capital expenditures to meet the expected growth of our business.

Contractual Obligations

The following table sets forth our contractual obligations as of December 31, 2024:

  Total                         Less than 1 year                 1–3 years                 3–5 years      More than 5 years  
  (RMB)              (US$)      (RMB)                 (US$)      (RMB)          (US$)      (RMB)          (RMB)              
  (in millions)                                                                                                              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  19.4               2.7        17.5                  2.4        1.9            0.3        —              —                  

Our operating lease obligations primarily represent the commitments under the lease agreements for our office premises. We lease our office facilities under non-cancelable operating leases with various expiration dates. The majority of our operating lease commitments are related to our