Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 50

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 50
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1 million, (ii) an increase of prepaid expenses and other current assets of US$24.8 million due to the increase of advances to suppliers for the expansion of business, (iii) an increase of accounts receivable of US$3.0 million due to the increase of revenue, and partially offset by an increase of accounts payable of US$7.6 million primarily due to the growth of our eInsurance and technology service business. Net cash provided by operating activities for the nine months ended September 30, 2024 was US$1.2 million, as compared to net loss of US$61.6 million. The difference between net loss and net cash used in operating activities was primarily attributable to (i) an increase of accounts receivable of US$22.3 million due to the increase of sales, (ii) an increase of prepaid expenses and other current assets of US$10.1 million due to the increase of advances to suppliers for the expansion of business, offset by (i) a non-cash adjustment of share-based compensation of US$63.2 million, an increase of accounts payable of US$27.3 million, primarily due to the growth of our auto service business. Investing Activities Net cash used in investing activities for the nine months ended September 30, 2025 was US$9.0 million, primarily consisting of US$6.4 million in non-current assets purchase related to the development of cloud infrastructure and US$2.2 million in the acquisition of non-controlling interests. Net cash used in investing activities for the nine months ended September 30, 2024 was US$9.8 million, primarily consisting of US$9.3 million in non-current assets purchase related to the development of cloud infrastructure, and purchase of short-term investment of US$21.3 million, and offset by the proceeds from sale of short-term investment of US$21.3 million. 11 Financing Activities Net cash provided by financing activities for the nine months ended September 30, 2025 was US$16.3 million, consisting primarily of proceeds of short-term bank borrowings of US$86.6 million and proceeds from issuance of ordinary shares, net of issuance cost of US$41.6 million, and offset by repayments of from short-term bank borrowings of US$84.8 million, repurchase of shares of US$15.8 million and repayments of payables to a related party of US$11.4 million. In February 202