| 補充招股意向書 NO. 3 | 根據規則424(b)(3)提交 | |
| （截至2024年5月17日的招股意向書） | 登記 No. 333-274806 |
最多可發行13,663,325股A類普通股，以行使權證獲得
最多59,328,073股A類普通股和2,860,561份可購買A類普通股的認股權證，由出售股東提供
OF
CHECHE 集團公司
此招股說明書補充第3號旨在更新和補充2024年5月17日載明的招股說明書中的信息（隨時進行補充，構成我們在修訂及補充的F-1表格的註冊聲明的一部分，包括相關的《登記聲明》）333-274806號）（「註冊聲明」），與2024年9月30日向證券交易委員會（「SEC」）提交的6-k表格中的信息相結合（「6-K表格」）。因此，我們已將6-k表格附在這份招股說明書第3號補充中。
招股說明書及本招股補充文件第3號與我們發行的高達13,663,325股A類普通股（每股面值$0.00001）有關，包括（1）10,802,764股A類普通股，其股價爲$11.50，可通過行使購買權證行使，這些購買權證於2023年9月14日（「結束日期」）發行，以交換Prime Impact Acquisition I（「Prime Impact」）的公開權證所(即初次公開發行中發行的Prime Impact（「Prime Impact」）的每一份單位包含一股Prime Impact的A類普通股和一個可贖回權證）的公開權證的單位一部分以$10.0的價格;以及(2) 2,860,561股A類普通股，其股價爲$11.50，可通過行使購買權證行使，這些購買權證於結束日期發行給Prime Impact Cayman LLC（「贊助商」）以$860萬的總代價（代表一股贊助商權證的購買價格爲$3.0，考慮到與業務組合（如下所定義）有關而放棄2,860,561贊助商權證），這是與Prime Impact首次公開發行同時進行的私人定向增發中由贊助商購買的私人定向增發權證。公開權證和贊助商權證在此一起稱爲「權證」。 Prime Impact的一股A類普通股和1/3可贖回權證組成的單位每股售價爲US$10.0；和(2)在此交易日（結束日期）發行給Prime Impact凱門有限責任公司（「贊助商」）的以$860萬的總代價購買的私募放棄的權證的2,860,561股A類普通股。 商業組合（如下所定義）中放棄的2,860,561贊助商權證後，代表每份贊助商權證的美元價格爲3.0美元。
《招股說明書》和本《招股說明書補充協議3號》還涉及潛在的發行和銷售，由《招股說明書》中列名的出售安全持有人或其抵押人、受贈人、受讓人、受讓人或其他利益承繼人（作爲禮物、分配或其他非銷售相關的轉讓接收任何證券的）（統稱"出售安全持有人"）共最多（A） 59,328,073 股A類普通股，其中包括： (1) Cheche Technology Inc. ( "CCT" )的某些前股東擁有的共計49,692,232股A類普通股，未計算CCt當時股東之間的任何股份轉讓, 以每股人民幣0.0419元的價格被Tank Stone Ltd. 收購, 以每股約$6.4886的價格被CISG Holdings Ltd. 收購, 以每股人民幣1.3263元的價格被CICW Holdings Limited 收購, 以每股人民幣0.0347元的價格被Dongprosper Holdings Limited收購, 以每股人民幣6.7111元的價格被Ruiyuan Technology Holdings Limited 收購, 以每股人民幣5.4054元的價格被Series A投資的北京中元榮輝投資中心有限責任合夥企業及Series B投資的寧波石蔚企業管理合夥事務所收購, 以每股人民幣21.1516元的價格分別被Lian Jia Enterprises Limited和EAGLE ROVER LTD.收購, 以每股人民幣46.7232元的價格被United Gemini Holdings Limited收購，有關於Yong He及tencent n6006旗下公司以每股約$7.1608的價格收購， (2) 4,975,280股A類普通股發放給贊助商和Prime Impact的某些前董事（"贊助商股票"），於收盤日期，其中（i）4,341,052股贊助商股票是由贊助商以每股約$0.003的價錢交換來自Prime Impact 4,341,052股b類普通股，（ii）634,228股贊助商股票以$10.00的價格被贊助商購買； (3) 2,860,561股A類普通股可通過行使贊助商認股權發行；（4）1,800,000股A類普通股發行給某些投資者，於2023年9月11日的某些定向增發交易（"PIPE股份"），每股價格爲$10.00；及(B) 2,860,561股贊助商認股權證。我們註冊這些證券以滿足我們已授予的某些註冊權利，允許出售安全持有人從時間到時間出售證券，以在提供時確定的數量、價格和條件進行。在《招股說明書》中確定的註冊證券中註冊的證券被確定爲登記證券。
本招股說明書補充資料第3號更新並補充招股說明書中的信息，如無招股說明書以及其修訂或補充，本招股說明書補充資料第3號不完整，不能單獨使用，也不得單獨傳達或使用，必須與招股說明書結合使用。本招股說明書補充資料第3號應與招股說明書一併閱讀，如招股說明書與本招股說明書補充資料第3號的信息存在任何不一致，應依賴本招股說明書補充資料第3號的信息。
我們不會從賣方安全持有人出售註冊證券中獲得任何收益。如果權證以現金行使，我們將從行使權證中獲得收益。持有人行使權證和我們將獲得的任何現金收益取決於我們A類普通股的市場價格。根據2024年9月27日我們A類普通股的收盤價爲0.763美元，低於權證條款規定的每股11.50美元的行使價格，我們認爲持有人不太可能行使他們的權證，我們也不太可能從行使權證中獲得收益。我們將支付與註冊賣方安全持有人的銷售相關的費用，如《募集收益用途》一節中的更多詳細信息所述。
我們的A類普通股和購買A類普通股的權證分別在納斯達克證券交易所（「納斯達克」）上市，交易代碼分別爲「CCG」和「CCGWW」。2024年9月27日，我們在納斯達克的A類普通股收盤價爲0.763美元，權證收盤價爲0.0156美元。
投資我們的證券涉及高度風險。請參閱招股說明書第16頁開始的「風險因素」以及其他風險因素，這些因素包含在引用本文件的文件中，討論應該考慮的與投資我們的證券相關的信息。
美國證券交易委員會或其他監管機構尚未覈准或否決這些證券，也尚未確定本招股說明書是否真實或完整。任何相反陳述都屬於刑事犯罪。
本招股書補充章節日期爲2024年9月30日
美國
證券交易委員會
華盛頓，特區。20549
表格 6-K
外國私人發行人報告書
根據13a-16或15d-16規則執行
根據1934年證券交易法
2024年9月份
佣金 文件號碼001-41801
車車 集團公司
德盛合生財富廣場8樓
13-1 德勝門外大街
中國北京市西城區100088
(主執行辦公室地址)
請勾選以下項目，以表明註冊人是否將以20-F或40-F表單覆蓋申報年度報告。
20-F ☒ 40-F ☐
展示 指數
| 附件 99.1 — | 2023年12月31日和2024年6月30日的中期簡明合併財務報表（未經審計），以及截至2023年6月30日（未經審計）和2024年（未經審計）的前六個月 | |
| 附件 99.2— | 分銷計劃 | |
| 101.INS | 內聯 XBRL實例文件 - 該實例文件不會出現在交互式數據文件中，因爲其XBRL標記嵌入在內聯XBRL文檔中 | |
| 101.SCH | 內嵌XBRL分類擴展架構 | |
| 101.CAL | Inline XBRL分類擴展計算演示架構 | |
| 101.DEF | 內聯XBRL稅分類擴展定義鏈接 | |
| 101.LAB | Inline XBRL分類擴展標籤演示架構 | |
| 101.PRE | Inline XBRL分類擴展演示架構 | |
| 104 | 封面 頁互動數據文件（嵌入在內聯IXBRL文檔中） |
簽名
根據1934年證券交易法的要求，註冊名義人已授權下列人員代表該人簽署本報告。
| Cheche集團公司 | ||
| 通過： | /s/ 張磊 | |
| 名稱： | 張磊 | |
| 標題： | 首席執行官兼董事 | |
| 日期: 2024年9月30日 | ||
展示文件99.1
CHECHE 集團公司
指數 至未經審計的中期簡明合併財務報表
| F-1 |
CHECHE 集團公司
未經審計 中期簡明綜合資產負債表
（單位：千元，除股票和每股數據外）
| 單張債券 | Less: Accumulated depreciation and amortization 2023 | 截至6月30日 2024 | ||||||||
| 人民幣 | 人民幣 | |||||||||
| 資產 | ||||||||||
| 流動資產： | ||||||||||
| 現金及現金等價物 | ||||||||||
| 短期投資 | ||||||||||
| 2,687,823 | 4 | |||||||||
| 預付款及其他流動資產 | 5 | |||||||||
| 總計 當前資產 | ||||||||||
| 非流動資產： | ||||||||||
| 受限現金 | ||||||||||
| 資產、設備和 租賃改良，淨 | 6 | |||||||||
| 無形資產, 淨額 | 7 | |||||||||
| 租賃資產 | 8 | |||||||||
| 商譽 | 2 l) | |||||||||
| 其他非流動資產 | ||||||||||
| 總非流動資產 | ||||||||||
| 總資產 | ||||||||||
| 負債 | ||||||||||
| 流動負債 | ||||||||||
| 應付賬款 | ||||||||||
| 短期借款 | 9 | |||||||||
| 合同負債 | 2 n) | |||||||||
| 工資和福利待遇 應付款項 | ||||||||||
| 應交稅費 | 11 | |||||||||
| 應付關聯方款項 | 20 | |||||||||
| 應計費用及其他流動負債 | 12 | |||||||||
| 短期租賃負債總額 | 8 | |||||||||
| 權證 | 21 | |||||||||
| 流動負債合計 | ||||||||||
| 非流動負債 | ||||||||||
| 遞延稅款負債 | ||||||||||
| 開多期權負債 | 8 | |||||||||
| 遞延收入 | 2 s) | |||||||||
| 權證 | 21 | |||||||||
| 總非流動負債 | ||||||||||
| 總負債 開多 | ||||||||||
| 承諾和或有事項 （附註19） | ||||||||||
| F-2 |
CHECHE 集團公司
未經審計 期中簡明綜合資產負債表（續）
（單位：千元，除股票和每股數據外）
| 單張債券 | Less: Accumulated depreciation and amortization 2023 | 截至6月30日 2024 | ||||||||
人民幣 | 人民幣 | |||||||||
| 股東權益： | ||||||||||
| 普通股（美元 票面價值， 和框架。有關詳細信息，請參閱UBS集團報酬報告股份 (A類普通股和 B類普通股) 截至2023年12月31日 和2024年6月30日分別授權； 和框架。有關詳細信息，請參閱UBS集團報酬報告股份 (A類普通股和 B類普通股) 截至2023年12月 31日和2024年6月30日分別已發行並流通)* | ||||||||||
| 自家保管的股票 | ( | ) | ( | ) | ||||||
| 額外實收資本 | ||||||||||
| 累積赤字 | ( | ) | ( | ) | ||||||
| 累計 其他綜合收益 | ||||||||||
| 總股東權益： | ||||||||||
| 總負債、中間權益和股東權益： | ||||||||||
| * |
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-3 |
CHECHE 集團公司
未經審計 中期摘要合併財務報表
業務 和綜合損失
（單位：千元，除股票和每股數據外）
| 對於 截至6月30日的六個月 | ||||||||||
| 注意 | 2023 | 2024 | ||||||||
| 人民幣 | 人民幣 | |||||||||
| 淨收入 | 14 | |||||||||
| 成本和運營費用： | ||||||||||
| 收入成本 | 15 | ( | ) | ( | ) | |||||
| 銷售和營銷費用 | ( | ) | ( | ) | ||||||
| 一般和行政 開支 | ( | ) | ( | ) | ||||||
| 研究 和開發費用 | ( | ) | ( | ) | ||||||
| 總計 成本和運營費用 | ( | ) | ( | ) | ||||||
| 運營 損失 | ( | ) | ( | ) | ||||||
| 其他費用： | ||||||||||
| 利息收入 | ||||||||||
| 利息支出 | ( | ) | ( | ) | ||||||
| 外匯損失 | ( | ) | ( | ) | ||||||
| 政府補助 | ||||||||||
| 公允價值的變化 授權令 | ( | ) | ||||||||
| 公允價值的變化 應付給關聯方的款項 | 20 | ( | ) | ( | ) | |||||
| 其他， 網 | ||||||||||
| 損失 所得稅前 | ( | ) | ( | ) | ||||||
| 收入 稅收抵免 | 10 | |||||||||
| 網 損失 | ( | ) | ( | ) | ||||||
| 增生 至優先股贖回價值 | ( | ) | ||||||||
| 網 歸因於車臣普通股股東的虧損 | ( | ) | ( | ) | ||||||
| 網 損失 | ( | ) | ( | ) | ||||||
| 其他綜合收入/ （損失） | ||||||||||
| 外幣折算 調整，扣除零稅 | ||||||||||
| 公平 由於自身的信用風險而導致關聯方的金額價值變化 | 20 | ( | ) | ( | ) | |||||
| 總計 其他綜合收益 | ||||||||||
| 總計 綜合損失 | ( | ) | ( | ) | ||||||
| 增生 至優先股贖回價值 | 13 | ( | ) | |||||||
| 全面 歸因於車臣普通股股東的虧損 | ( | ) | ( | ) | ||||||
| 淨虧損可歸因於 車臣的每股普通股股東 | ||||||||||
| 基本 | ) | ) | ||||||||
| 稀釋 | ) | ) | ||||||||
| 加權平均數 普通股* | ||||||||||
| 基本 | ||||||||||
| 稀釋 | ||||||||||
| 基於股份的薪酬 費用包含在 | ( | ) | ( | ) | ||||||
| 收入成本 | ( | ) | ( | ) | ||||||
| 銷售和營銷費用 | ( | ) | ( | ) | ||||||
| 一般和行政 開支 | ( | ) | ( | ) | ||||||
| 研究和開發 開支 | ( | ) | ( | ) | ||||||
| * |
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-4 |
CHECHE 集團公司
未經審計 中期摘要合併財務報表
股東（缺少）/股權的變動
（單位：千元，除股票和每股數據外）
| 普通 股份* | 財政 股本* | 額外的 實收資本 | 其他綜合收益累計額 | 累積的 | 總費用 股東的 | |||||||||||||||||||||||||||||
| 股份 | 數量 | 股份 | 數量 | capital* | （損失）/收益 | 虧損 | 虧損 | |||||||||||||||||||||||||||
| 單張債券 | 人民幣 | 人民幣 | 人民幣 | 人民幣 | 人民幣 | 人民幣 | ||||||||||||||||||||||||||||
| 2023年1月的餘額 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||
| 淨虧損 | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| 股權酬金 | 17 a) | - | ||||||||||||||||||||||||||||||||
| 普通股份發行 | - | ( | ) | |||||||||||||||||||||||||||||||
| 優先股贖回價值增加 | 13 | - | - | ( | ) | ( | ) | ( | ) | |||||||||||||||||||||||||
| 外幣翻譯調整 | - | - | ||||||||||||||||||||||||||||||||
| 由於自身信用風險引起的相關方應付款項的公允價值變動 | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| 2023年6月30日的股東權益（赤字）餘額 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||
| 普通股份 | 庫存股 | 額外的 實收資本 | 其他綜合收益累計額 | 累積的 | 總費用 股東的 | |||||||||||||||||||||||||||||
| 股份 | 數量 | 股份 | 數量 | 資本 | 其他綜合收益（稅後淨額） | 虧損 | 股東權益 | |||||||||||||||||||||||||||
| 單張債券 | 人民幣 | 人民幣 | 人民幣 | 人民幣 | 人民幣 | 人民幣 | ||||||||||||||||||||||||||||
| 2024年1月餘額 | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| 淨虧損 | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| 股權酬金 | 17 a) | - | ||||||||||||||||||||||||||||||||
| 外幣翻譯調整 | - | - | ||||||||||||||||||||||||||||||||
| 由於自身信用風險導致相關方到期金額的公允價值變動 | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| 2024年6月30日餘額 | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| * |
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-5 |
車車集團公司
未經審計的現金流量表摘要S
（單位：千元，除股票和每股數據外）
| （除非另有說明，金額爲百萬美元） | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 經營活動產生的現金流量： | ||||||||
| 淨虧損 | ( | ) | ( | ) | ||||
| 調整淨損失爲經營活動中使用的淨現金: | ||||||||
| 物業、設備和租賃改善的折舊 | ||||||||
| 使用權資產的攤銷 | ||||||||
| 無形資產攤銷 | ||||||||
| 權證公允價值變動 | ( | ) | ||||||
| 與關聯方應付款項公允價值變動 | ||||||||
| 股份報酬支出 | ||||||||
| 預計信貸損失準備金提供 | ||||||||
| 匯率期貨損失 | ||||||||
| 處置固定資產、設備和租賃改良支出損失 | ||||||||
| 遞延所得稅 | ( | ) | ( | ) | ||||
| 營運資產和負債變動: | ||||||||
| 應收賬款 | ( | ) | ( | ) | ||||
| 預付款項及其他 流動資產 | ( | ) | ||||||
| 應付賬款 | ||||||||
| 合同負債 | ( | ) | ||||||
| 工資和福利待遇 應付款項 | ( | ) | ||||||
| 應交稅費 | ( | ) | ( | ) | ||||
| 應計費用和其他流動負債 | ( | ) | ( | ) | ||||
| 租賃負債 | ( | ) | ( | ) | ||||
| 經營活動中的淨現金流出 | ( | ) | ( | ) | ||||
| 投資活動現金流量: | ||||||||
| 購買房產、設備和租賃改良 | ( | ) | ( | ) | ||||
| 處置房產、設備和無形資產所得款項 | ||||||||
| 向第三方提供的貸款（注5） | ( | ) | ||||||
| 短期投資的配置 | ( | ) | ( | ) | ||||
| 來自短期投資到期的現金 | ||||||||
| 投資活動產生的淨現金/(使用) | ( | ) | ||||||
| 籌資活動現金流量： | ||||||||
| 從銀行短期借款收到的現金(註釋9) | ||||||||
| 還銀行短期借款的現金(註釋9) | ( | ) | ||||||
| 籌資活動產生的淨現金/(使用) | ( | ) | ||||||
| 外匯匯率變動對現金及現金等價物的影響 | ||||||||
| 現金及現金等價物和受限現金的淨增加/(減少) | ( | ) | ||||||
| 期初現金及現金等價物和受限現金 | ||||||||
| 期末現金及現金等價物和受限現金 | ||||||||
| 與合併資產負債表金額的調節 | ||||||||
| 期末受限現金 | ||||||||
| 期末現金及現金等價物餘額 | ||||||||
| 現金流量信息的補充披露 | ||||||||
| 支付利息支出的現金 | ( | ) | ( | ) | ||||
| 所得稅已付現金 | ( | ) | ( | ) | ||||
| 非現金投資和籌資活動的補充明細表 | ||||||||
| 優先股贖回價值的累積 | ||||||||
| 用於交換的租賃資產 | ||||||||
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-6 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (所有數額以千爲單位，除分股和每股數據外） |
1. 組織及主要業務
車車科技集團股份有限公司（以下簡稱「公司」或「車車集團」）於2023年1月在開曼群島註冊成立，爲一家有限責任公司。該公司是一個控股公司，主要通過其子公司、可變利益實體（VIE）及VIE的子公司（統稱爲「集團」）開展業務。車車科技股份有限公司（「CCT」）是該公司的全資子公司。車車科技（香港）有限公司（「車車HK」）是CCT的全資子公司。保大方科技有限公司（「保大方」）是車車HK的全資子公司。車車科技（寧波）有限公司（「車車寧波」）是一家外商獨資企業（「WFOE」）。該集團通過WFOE與駐中國 VIE簽訂的一系列合同協議，在中華人民共和國（簡稱「中國」或「中華人民共和國」）開展業務。該集團主要從事在中國提供保險交易服務、軟件即服務（saas-雲計算）和技術服務以及其他服務的業務。
以下列出了公司的合併子公司、VIE及VIE子公司如下:
| 百分比 的 | ||||||
| 直接 或 | ||||||
| 地點 和 | 間接 | |||||
| 年份 的 | 經濟條件。 | 主要 | ||||
| 子公司 | 成立 | 所有權 | 活動 | |||
| Cheche 科技有限公司（「CCT」） | ||||||
| Cheche 科技（香港）有限公司（「Cheche HK」） | ||||||
| 車車科技（寧波）有限公司（下稱「車車寧波」或「外商獨資企業」或「WFOE」或「VIE架構的主要受益人」） | ||||||
| 寶大方科技有限公司（「寶大方」） |
| 百分比 的 | ||||||
| 直接 或 | ||||||
| 地方 和 | 間接 | |||||
| 年 的 | 經濟條件。 | 主要 | ||||
| VIE | 成立 | 利息 | 活動 | |||
北京車車科技有限公司（「北京車車」） |
| 百分比 的 | ||||||
| 地點 和 | 直接 或 | |||||
| 年 of | 間接 | |||||
| 成立年份/ | 經濟條件。 | 主要 | ||||
| VIE的子公司 | 公司經營 | 利息 | 活動 | |||
| Cheche保險銷售服務有限公司（「Cheche保險」） | ||||||
| 匯財保險券商有限公司 | ||||||
| 車車 至行（寧波）汽車服務有限公司。 |
| * |
| F-7 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
2023年9月14日（「 交割日」），公司完成了與Prime Impact Acquisition I的業務組合（「業務組合」），Cheche Group於2023年9月18日開始在納斯達克證券交易所上市。在交割日，公司根據於2023年1月29日簽訂的《業務組合協議》與Prime Impact完成了業務組合，參與方包括Prime Impact、公司、Cheche Merger Sub Inc.（「Merger Sub」）和CCt。根據業務組合協議，業務組合分兩步進行。2023年9月14日，（1）Prime Impact與公司合併（「初始合併」），公司作爲上市實體倖存於初始合併；（2）緊接着初始合併，Merger Sub與CCt合併（「收購合併」），合併合併及業務組合協議規定的所有其他交易共同構成「業務組合」，CCt倖存爲公司的全資子公司。
業務合併根據美國通用會計準則被視爲反向資本重組（「反向資本重組」）。由於業務合併，CCt被認定爲財務承購方。這一決定主要基於CCt的股東構成了公司表決權的多數，並有能力提名公司董事會成員，CCT在收購前的業務構成了唯一的持續經營，CCT的高級管理層構成了集團高級管理層的大多數。因此，就會計目的而言，後合併公司的財務報表代表了CCt的財務報表的延續。Prime Impact被視爲會計目的上的「被收購」公司。由於Prime Impact不符合會計目的上的「業務」定義，反向資本重組被視爲CCt出資以換取Prime Impact淨資產，附帶資本重組。Prime Impact的淨資產以歷史成本列示，未記錄商譽或其他無形資產。未經審計的中期簡明合併財務報表反映了（i）反向資本重組關閉前CCt的歷史經營結果；（ii）公司和CCt在反向資本重組完成後的合併結果；（iii）CCt的資產和負債按其歷史成本列示；以及（iv）公司在所有報告期內的權益結構。與反向資本重組有關的交易成本支付給Prime Impact作爲業務合併協議的一部分被確認爲是對以發行給Prime Impact的股份換取的淨收益的減少的權益。
根據適用於此情況的指引，所有比較期間的股權結構已經進行了追溯調整，以反映與逆向資本重組交易相關聯的向CCT股東發行的公司普通股數量，直至交易截止日期。因此，逆向資本重組之前與CCt可轉換贖回優先股和普通股相關的普通股、相應的資本金額和每股收益已被追溯調整爲反映業務組合協議規定的交換比率的股票。與逆向資本重組一起，公司的普通股經歷了
通過VIE進行合同安排
中國的法律和法規對外國投資在增值電信業務方面設置了一定的限制。爲了遵守中國的法律法規，集團通過VIE和VIE子公司在中國開展業務。中國業務大部分營收、營業成本、費用和淨虧損都是通過VIE和VIE子公司直接或間接產生的。爲進行VIE及其子公司的業務運營，公司依賴於其全資子公司車車寧波、VIE及其股東之間的一系列合同安排。
以下是公司全資子公司Cheche寧波、北京 Cheche及其股東（也是指定股東）目前有效的合同安排摘要。
| F-8 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
VIE（可變利益實體）的合約安排（續）
| i) | 股權質押協議 利益質押協議 |
根據簽訂的股權質押協議，WFOE、VIE和VIE的提名股東之間達成協議，VIE的提名股東將其在VIE中的所有股權質押給WFOE，以確保提名股東充分履行其在獨家選擇權協議、獨家業務合作協議和授權書下的義務。WFOE將有權在質押期間收取質押股權所產生的分紅派息。如果提名股東違反股權質押協議中各自的合同義務，作爲質權人的WFOE將有權利，包括但不限於根據該股權轉化爲貨幣價值或從拍賣或轉讓該股權所得到的款項進行支付。VIE的提名股東不得轉讓其質押的股權、設定或允許任何會損害WFOE利益的負擔，未經WFOE事先書面同意。質押權利將在向市場監管管理部門（原國家工商行政管理總局，現更名爲國家市場監督管理總局）登記質權後生效，股權質押協議將在所有義務完全履行後繼續有效。WFOE根據中華人民共和國民法典，依法完成了在國家市場監督管理總局的註冊登記。
| ii) | 獨家 選擇協議 |
根據CCt、WFOE、VIE和指定股東之間簽訂的獨家期權協議，指定股東無條件授予WFOE或其指定方，以其唯一決定權購買VIE中指定股東持有的全部或部分股權，在符合中國法律規定的前提下，價格爲初始出資額或適用中國法律允許的最低金額。WFOE享有以其唯一決定權從VIE處購買VIE全部或部分資產和業務的選擇權，在符合中國法律規定的前提下，價格爲中國法律規定的最低購買價。指定股東應將WFOE支付的與購買的股權或已購買業務資產有關的任何收益匯入WFOE。WFOE或其指定方有權自行決定何時行使該選擇權，無論部分還是全部。VIE支付給其指定股東的任何股息和其他資本分配應全額返還給WFOE。在正常業務運作中，如果VIE需要任何形式的合理財務支持，CCt將爲VIE提供無限的財務支持。如果VIE遭受任何損失，導致無法償還CCt的任何貸款，那麼CCt應無條件原諒對VIE的任何貸款，前提是VIE提供足夠證據證明其損失及無法償還。本獨家期權協議在指定股東持有的VIE全部股權已按照本獨家期權協議被轉讓給WFOE和/或WFOE指定的任何其他人之前有效。
| iii) | 獨家 業務合作協議 |
根據WFOE和VIE之間簽訂的獨家業務合作協議，WFOE受僱於VIE，專門提供技術和諮詢服務，包括但不限於技術和軟件許可、設計、開發、維護和更新技術、業務和管理諮詢，以及營銷和推廣服務。WFOE可以任命或指定其關聯公司或其他合格方提供獨家業務合作協議涵蓋的服務。作爲回報，VIE同意支付與VIE累計盈利後的淨利潤相等的服務費。
| F-9 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
VIE（可變利益實體）的合同安排（續）
| iv) | 授權書 權 |
根據外商獨資企業（WFOE）、可變利益實體（VIE）和指定股東之間簽訂的授權協議，指定股東不可撤銷地任命 WFOE 爲其代理人，代表每位股東行使其在 VIE 中所擁有的任何和所有權益，包括但不限於行使投票權和任命董事和執行官等權利。該協議將在相關指定股東持有 VIE 中任何股權利益的期間保持有效且不可撤銷。
| v) | 配偶 同意書 |
VIE的已婚提名股東的每個配偶簽署了一份配偶同意函，無條件且不可撤銷地同意，他們配偶名下持有並註冊的VIE的股權將根據股權質押協議和授權書進行處置。每個配偶同意不主張對其配偶名下持有的VIE的股權的任何權利。此外，如果配偶以任何理由取得其配偶名下持有的VIE的股權，他們同意受合同安排約束。
《股權質押協議》、《獨家選擇權協議》、《獨家業務合作協議》、《授權書》和《配偶同意函》已經進行修改，以反映在VIE實體中股東持股的變化。在各自的日期上，這些協議的其他重要條款和條件未作任何更改或修改。對於集團對北京車車的有效控制沒有影響，集團繼續對北京車車進行合併。
與VIE結構相關的風險
集團的業務主要通過VIE及其子公司進行，其中公司是最終的主要受益人。 公司已經得出結論，即(i) VIE的所有權結構目前不違反任何適用的中國法律法規，(ii) 每個VIE的合同協議根據其條款和適用的中國法律法規目前是有效的、約束力的和可執行的。然而，中國法律體系中的不確定性可能導致相關監管機構認爲當前的VIE合同協議和法律結構違反了現行或未來的中國法律法規。
2019年3月15日，全國人民代表大會通過了《中華人民共和國外商投資法》，該法於2020年1月1日生效，連同實施細則和相關法規。《外商投資法》並未明確將合同安排列爲一種外商投資形式，但在「外國投資」的定義下包括外國投資者通過法律或行政法規規定的手段或國務院規定的其他方式進行的投資。尚不清楚集團的公司結構是否會被視爲違反外商投資規定，因爲該集團目前正在利用合同安排來經營某些業務，外國投資者禁止或受限於投資。如果可變利益實體也屬於外商投資實體的定義範疇，那麼集團使用與VIE的合同安排以及通過VIE開展業務的能力可能會受到嚴重限制。
| F-10 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
與VIE結構相關的風險（續）
此外，如果集團的公司架構和與VIE的合同安排被發現違反任何現行或未來的中國法律法規，集團在中國業務可能會受到相關中國監管機構的影響：
| ● | 吊銷集團PRC實體的營業執照和/或經營許可證; | |
| ● | 徵收罰款; | |
| ● | 沒收他們認爲通過非法經營獲得的任何收入，或者施加集團可能無法遵守的其他要求; | |
| ● | 終止或對集團經營施加限制或苛刻條件; | |
| ● | 對收入的收取權進行限制; | |
| ● | 關閉集團的服務器或封鎖集團的網站或移動應用程序; | |
| ● | 對集團進行所有權結構或業務重新組織，包括終止與VIE的合同安排和註銷VIE的股權抵押，從而影響整合的能力，從VIE及其子公司獲取經濟利益; | |
| ● | 限制或禁止利用融資活動的收益來資助VIE及其子公司的業務和運營; | |
| ● | 採取其他監管或執法行動可能對集團業務造成不利影響。 |
對這些處罰中的任何一項實施可能會對集團開展業務的能力產生重大不利影響。此外，如果對任何這些處罰的實施導致集團喪失直接控制可變利實體活動的權利或獲得其經濟利益的權利，則集團將不再能夠合併該可變利實體。管理層認爲基於當前事實和情況，集團喪失此類能力的可能性較小。然而，中國大陸法律法規的解釋和實施以及對其在合同法律性、約束力和可執行力方面的適用取決於中國大陸主管機關的裁量權，因此不能保證相關中國大陸主管機關會就合同安排的合法性、約束力和可執行性問題立場與集團一致。與此同時，由於中國大陸法律體系繼續快速發展，這可能導致中國大陸法律法規和政策或現行法律法規和政策解釋和適用的變化，這可能會限制集團可用於執行合同安排的法律保護，如果可變利實體或其 股東未能根據這些安排履行義務。此外，可變利實體的股東是創始人、董事會主席兼首席執行官擁有實際利益的中國大陸控股實體。公司與可變利實體之間的合同協議的可執行性和因此牽涉的利益取決於股東執行合同的能力。可變利實體的股東，有時也是公司的股東，在未來可能存在與公司利益衝突或未能履行合同義務的風險。鑑於可變利實體的重要性和重要性，如果這些合同未被執行，公司將會遭受重大負面影響。
| F-11 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
與VIE結構相關的風險（續）
集團的運營依賴於VIE履行與集團的合同協議，並且合同協議的可執行性和因此相關的好處也取決於VIE的股東授權行使VIE需要股東批准的所有事項的表決權。公司相信，與行使股東投票權的授權有關的協議按照其條款和當前有效的適用中華人民共和國法律法規對各方約束力和存在的可能性，即可能由於上述風險和不確定性而再也無法成爲VIE的主要受益方並對VIE進行合併的情況，是遙遠的。
根據合同協議，公司可以（1）行使VIE的股東權利，並有權指導最重要地影響VIE及其子公司經濟績效的活動，（2）吸收預計的幾乎所有損失並收取預計的VIE及其子公司的剩餘收益；以及（3）在中華人民共和國法律允許的情況下，擁有購買VIE及其子公司的全部或部分股權以及/或資產的獨家看漲期權。因此，公司被視爲VIE的最終主要受益人，並將VIE的財務業務運營結果、資產和負債合併在公司的綜合基本報表中。因此，公司認爲VIE中沒有資產僅可用於償還VIE的義務，除了VIE的實收資本約人民幣
截至本報告日期，
| F-12 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
與VIE結構相關的風險（續）
在消除VIE與其子公司之間的公司間交易後，VIE的上述未經審計的中期簡明合併財務信息分別爲2023年12月31日和2024年6月30日以及截至2023年和2024年6月30日的六個月的伴隨未經審計的中期簡明合併財務報表中包含如下：
| 截至2021年12月31日, | 截至6月30日 | |||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 資產 | ||||||||
| 流動資產： | ||||||||
| 現金及現金等價物 | ||||||||
| 開空投資 | ||||||||
| 2,687,823 | ||||||||
| 預付款項和其他流動資產 | ||||||||
| 應收來自集團內公司的金額 | ||||||||
| 總計 當前資產 | ||||||||
| 非流動資產： | ||||||||
| 受限現金 | ||||||||
| 資產、設備和 租賃改良，淨 | ||||||||
| 無形資產, 淨額 | ||||||||
| 租賃資產 | ||||||||
| 商譽 | ||||||||
| 總非流動資產 | ||||||||
| 總資產 | ||||||||
| 負債 | ||||||||
| 流動負債: | ||||||||
| 應付賬款 | ||||||||
| 短期借款 | ||||||||
| 合同負債 | ||||||||
| 工資和福利待遇 應付款項 | ||||||||
| 應交稅費 | ||||||||
| 應付關聯方款項 | ||||||||
| 應計費用及其他流動負債 | ||||||||
| 短期租賃負債總額 | ||||||||
| 應付關聯公司款項 | ||||||||
| 流動負債合計 | ||||||||
| 非流動負債: | ||||||||
| 遞延稅款負債 | ||||||||
| 開多期權負債 | ||||||||
| 遞延收入 | ||||||||
| 應付關聯公司款項 | ||||||||
| 總非流動負債 | ||||||||
| 負債合計（不向主要受益人追索） | ||||||||
| F-13 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
與VIE結構相關的風險（續）
截至六個月結束， 6月30日 | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 淨收入 | ||||||||
| - 從外部方面賺取 | ||||||||
| - 從集團內公司賺取 | ||||||||
| 總收入 | ||||||||
| 營收成本和營業費用 | ||||||||
| - 來自外部方交易產生的費用 | ( | ) | ( | ) | ||||
| - 來自集團內部交易產生的費用 | ( | ) | ( | ) | ||||
| 營收成本和營業費用總額 | ( | ) | ( | ) | ||||
| 淨虧損 | ( | ) | ( | ) | ||||
截至六個月結束 6月30日 | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 經營活動產生的現金流量： | ||||||||
| 與集團內公司交易產生的淨現金 | ||||||||
| 與外部方交易提供的淨現金/(使用) | ( | ) | ||||||
| 經營活動產生的淨現金 | ||||||||
| 與外部方交易中使用的淨現金 | ( | ) | ( | ) | ||||
| 投資活動使用的淨現金 | ( | ) | ( | ) | ||||
| 與集團內公司交易中使用的淨現金 | ( | ) | ( | ) | ||||
| 與外部方交易中產生的/(使用的)淨現金 | ( | ) | ||||||
| 籌資活動中的淨現金流出 | ( | ) | ( | ) | ||||
| 現金及現金等價物淨增加/(減少) | ( | ) | ||||||
| 流動性 |
自成立以來，該集團已經遭受了持續的營運虧損，包括人民幣淨損失
| F-14 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
1. 組織和主要活動（續）
流動性 (續)
在過去，集團主要依賴運營現金來源和來自投資者的非運營融資來資助其業務運營和業務發展。集團作爲持續經營實體的能力取決於管理層成功執行業務計劃的能力，其中包括增加收入的同時控制營業費用，生成運營現金流，並繼續獲得外部融資支持。集團一直通過發行優先股持續獲得外部投資者的融資支持。有關集團優先股融資活動和信貸安排的詳細信息，請參閱第13條和第9條註釋。2023年9月，公司成功完成業務合併並籌集了總金額爲美元的原始收益，包括從Prime Impact Cayman LLC、World Dynamic Limited和Goldrock Holdings Limited融資的美元。此外，集團可以調整業務擴張的步伐並控制集團的營業費用。基於以上考慮，集團認爲現金及現金等價物和經營現金流足以滿足資助計劃中的運營和其他承諾的現金需求，至少從未經審計的中期摘要合併財務報表發佈之日起的下一個十二個月。集團的未經審計的中期摘要合併財務報表是基於公司作爲持續經營實體編制的，該情況考慮到資產的實現和負債的清算將在正常經營過程中進行。
2 重要會計政策
a) 做法的基礎
附帶的未經審計的中期簡明綜合財務報表已根據美國通用會計準則（「美國通用會計原則」）編制，用於中期財務信息。因此，這些報表不包括美國通用會計準則要求的所有信息和附註，以提供完整的財務報表。根據《S-X條例》第10條的規定，通常包含在按照美國通用會計準則編制的年度財務報表中的某些信息和註釋披露已被壓縮或省略。
未經審計的中期簡明合併財務報表已根據審計年度合併財務報表的同一基礎編制，並在管理層意見中反映了所有調整，其中僅包括必要的正常循環調整，以便公允表述截至2024年6月30日的公司財務狀況以及其截至2024年6月30日和2023年6月30日結束的六個月的運營和現金流量的結果。截至2024年6月30日結束的六個月的結果並不一定代表2024年12月31日結束的年度、任何其他中期期間或任何未來年度或期間所期望的結果。這些未經審計的中期簡明合併財務報表應與截至2023年12月31日的年度審計合併財務報表以及包含在本文件中的附註一起閱讀。
重分類
爲使以往期間金額符合當前期間的呈現方式，公司將人民幣的技術服務收入作了重新分類。
本集團在編制附註的未經審計的中期摘要合併基本報表時，遵循的重要會計政策截至2024年6月30日的及2023年6月30日結束的六個月總結如下。
| F-15 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2 重要會計政策（續）
b) 合併原則
未經審計的中期簡明合併基本報表包括公司、其子公司、 VIE及VIE的子公司的基本報表，公司是VIE的主要受益人。
子公司是指公司在直接或間接上控制超過半數表決權、有權任命或罷免大多數董事會成員、或在董事會會議上投票表決獲得多數票、或根據股東或股權持有人之間的法規或協議就被投資者的財務和經營政策擁有管理權。
一個整體的可變利益實體是指公司或其子公司，通過合同安排，擁有指導最顯著影響該實體經濟績效的權力，承擔並享有通常與實體所有權相關聯的風險和回報，因此該公司或其子公司是該實體的主要受益人。
所有板塊公司、其子公司、VIE及VIE子公司之間的所有交易和餘額，在合併時已予以清除。
c) 估計的使用
根據美國通用會計準則，編制集團未經審計的中期簡明合併財務報表需要管理層作出涉及資產和負債金額報告、資產負債表日的待披露性負債、財務報表期間未經審計的簡明合併財務報表和附註的估計和假設。重要的會計估計包括，但不限於，應收賬款的當前預期信貸損失、商譽減值、欠關聯方的金額的公允價值、普通股和優先股和認股權證，以及股權報酬成本的估值和確認。實際結果可能與這些估計有所不同，因此，差異可能對未經審計的中期簡明合併財務報表具有重大影響。
d) 功能貨幣和外幣翻譯
該集團以人民幣（「RMB」）作爲報告貨幣。公司及其在開曼群島和香港設立的境外子公司的功能貨幣爲美元（「US$」）。集團在中國內地的實體的功能貨幣爲人民幣。
在未經審計的中期簡明合併基本報表中，公司和其他設在中國以外地區的實體的財務信息已轉換爲人民幣。資產和負債以資產負債表日的匯率轉換，股本金額以歷史匯率轉換，收入、支出、利潤和損失以期間平均匯率轉換。轉換調整以外幣翻譯調整的形式報告，並作爲其他全面損失的組成部分顯示在未經審計的中期簡明合併損益表和綜合損失中。
以非本幣計價的外幣交易以交易當日的匯率折算成本幣。以外幣計價的貨幣資產和負債以資產負債表日的適用匯率折算成本幣。因外匯交易而產生的淨收益和淨損失計入未經審計的中期損益綜合表的外匯收益中。
| F-16 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. 重要會計政策（續）
e) 公允價值計量
會計準則定義公允價值爲在計量日期按順序交易在市場參與者之間出售資產或轉讓債務時將收到的價格或支付的價格。確定要記錄爲公允價值的資產和負債的公允價值測量時，集團考慮將進行交易的主要或最有利市場，並考慮市場參與者在定價資產或負債時將使用的假設。
會計指南建立了一個公平價值層次結構，要求實體在衡量公允價值時最大化使用可觀察的輸入，並最小化使用不可觀察的輸入。 金融工具在公平價值層次結構中的分類基於對公允價值衡量中最重要的輸入的最低級別。 會計指南確定了三個可用於衡量公允價值的輸入級別：
●一級適用於在活躍市場上有相同資產或負債的報價的資產或負債
●二級適用於資產或負債，具有除在一級中包含的報價之外的其他輸入之外 對於資產或負債，這些輸入是可觀察的，例如活躍市場中類似資產或負債的報價 或市場上相同資產或負債的報價成交量不足或交易不頻繁（不太活躍的市場） 或者模型導出的估值，其中重要輸入是可觀察的或者可以主要地從可觀察市場數據推導或證實。
●三級適用於存在無法觀察的輸入對於資產或負債的估值方法而言，這些輸入對於資產或負債的公平價值的測量是重要的。
集團的金融工具包括現金及現金等價物、受限現金、短期投資、應收賬款、其他應收款（包括在「預付款項及其他流動資產」中）、應付賬款、短期借款、合同負債和其他應付款（包括在「預提費用及其他流動負債」中），其賬面價值接近其公允價值。租賃負債按攤銷成本以反映貨幣時間價值的折現率計量。
f) 現金、現金等價物和受限制的現金
現金及現金等價物主要包括手頭現金、存放在中國大型信譽良好的銀行的活期存款，以及高度流動的投資，可迅速轉換爲已知金額的現金，並具有自購買之日起三個月或更短期限的原始到期日。截至2023年12月31日和2024年6月30日，美元計價的銀行現金約爲約合美元
如
截至 2023 年 12 月 31 日和 2024 年 6 月 30 日，該集團的總資產約爲人民幣
| F-17 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. 重要會計政策（續）
g) 短期投資
開空期投資代表超過三個月但不超過一年的銀行存款。截至2023年12月31日和2024年6月30日，集團擁有約人民幣
h) 應收賬款的預計信用損失
集團應收賬款和其他應收款（包括「預付款及其他流動資產」）在會計準則Codification (「ASC」) 326的範圍內。爲了估計當前預期信用損失，集團已經確定了其客戶以及相關應收賬款和其他應收款的相關風險特徵，這些特徵包括公司提供的服務的規模、類型或這些特徵的組合。
應收賬款按風險特徵相似的方式分組。對於每個池，集團考慮過去的收款經驗、客戶收款趨勢的任何變化、客戶的信用價值、一般區間在30至180天的合同和習慣付款條件、當前經濟狀況，以及對未來經濟狀況的預期（外部數據和宏觀經濟因素）。當確定無法收回且恢復可能性被認爲很小時（即所有收款方式已耗盡）應收賬款餘額被覈銷（即計入壞賬準備）。
應收賬款以發票金額記賬，不帶利息。截至2023年12月31日和2024年6月30日，集團的應收賬款主要包括來自保險交易服務客戶的應收款項。集團記錄了分別爲截至2023年6月30日和2024年6月30日的六個月期間的當前預期信貸損失費用約人民幣
i) 房地產、設備和租賃改良，淨值
資產、設備和租賃改良按照成本減少累計折舊和減值計提金額確認。折舊按照以下估計使用年限採用直線法計算：
| 租賃改善 | |
| 傢俱和辦公設備 | |
| 電子設備及其他設備 |
維護和修理支出會在發生時支出。出售資產、設備和租賃改善項目所產生的盈利或虧損是淨銷售收入和相關資產的賬面價值之間的差額，將在未經審計的中期綜合損益表中確認。
| F-18 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. 重要會計政策（續）
j) 無形資產, 淨額
無形資產主要包括軟件、許可證、代理協議和渠道關係。無形資產按成本減累計攤銷和已記錄的任何減值計提。在業務組合中獲得的許可證、代理協議和渠道關係最初會按收購日的公允價值確認。可辨認的無形資產按收購成本減去累計攤銷和減值損失（如果有）計量。有限使用壽命的無形資產如果出現減值因子則會進行減值測試。有限使用壽命的無形資產的攤銷會使用直線法，在其估計的可用壽命內進行，可用壽命如下：
| 軟件 | |
| 許可證 | |
| 代理 協議 | |
| 渠道 關係 |
執照包括保險券商許可證，其預計的有用壽命爲
k) Impairment of long-lived assets
長期資產或資產組，包括有限使用壽命的無形資產，在發生事件或情況變化時進行減值評估（例如市場條件發生重大不利變化，可能影響資產的未來使用），這些事件表明資產的賬面價值可能無法完全收回，或者資產的有用壽命比集團最初估計的要短。當發生這些事件時，集團通過比較資產的賬面價值與預計從使用資產和最終處置資產中產生的未來未折現現金流的估計來評估長期資產的減值。如果預期未來未折現現金流的總和小於資產的賬面價值，集團將根據資產的賬面價值超過資產的公允價值所產生的減值虧損確認減值損失。在給定的任何期間內，未確認任何減值損失。
l) 商譽
商譽 代表的是購買價格超出已收購資產和負債公允價值的額外部分。 泛華控股集團在2023年12月31日和2024年6月30日的商譽與其2017年10月收購車車保險（先前名爲「泛華時代銷售服務有限公司」或「泛華時代」）有關。 根據ASC 350《商譽及其他無形資產》，記錄的商譽金額不攤銷，而是根據需要每年或更頻繁地進行攤銷測試。
| F-19 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. 重要會計政策（續）
l) 善意 （續）
商譽不攤銷，但需要至少每年一次在報告單元水平上進行減值測試，在資產負債表日（集團的爲12月31日）進行，並且在年度測試之間，如果發生會導致報告單元的公允價值可能低於其賬面價值的事件或情況時。這些事件或情況包括股價、業務環境、法律因素、財務表現、競爭或影響報告單元的事件的重大變化。商譽減值測試的應用需要判斷，包括報告單元的識別，資產和負債的分配給報告單元，商譽分配給報告單元，以及確定每個報告單元的公允價值。使用貼現現金流量法估計報告單元的公允價值也需要重大判斷，包括未來現金流的估計，這取決於內部預測，估計公司業務的長期增長率和確定公司加權平均資本成本。用於計算報告單元的公允價值的估計因營業結果和市場狀況的變化而年年更改。這些估計和假設的變化可能會嚴重影響公允價值的確定和報告單元的商譽減值。
管理層已確定集團代表企業中監測商譽的最低層級。從2020年1月1日開始，公司採納了ASU 2017-04，簡化了商譽減值會計，通過消除減值測試的第二步，且根據FASB的規定，集團可以選擇首先進行定性評估，然後根據需要，或直接進行定量評估。用於確定減值的定量商譽減值測試，將報告單位的公允價值與其賬面價值（包括商譽）進行比較。如果報告單位的賬面價值大於零且其公允價值超過其賬面價值，則認爲報告單位的商譽未受損。根據減值評估，管理層確定截至2023年6月30日和2024年無需記錄任何減值損失。截至2023年12月31日和2024年6月30日，商譽爲人民幣
m) 權證
公司不使用衍生工具來對沖現金流、市場或外幣風險。 公司評估所有財務工具，包括已發行的股權購買認股權證，以判斷這些工具是否屬於衍生工具或包含符合嵌入式衍生工具的特徵，根據ASC 480和FASB ASC主題815，「衍生工具和對沖」(「ASC 815」)。 衍生工具的分類，包括這些工具是否應記錄爲負債還是權益，將在每個報告期末進行評估。 因此，公司將認定認股證券爲負債計入公允價值，並在每個報告期調整認股證券至公允價值。 直至行使爲止，這些負債將在每個資產負債表日期重新計量，任何公允價值的變動將被記錄在公司未經審計的中期企業損益綜合表中。
n) 營業收入確認
營業收入 是指集團在一般業務活動過程中預計有權獲得的交易價格，以換取合同中承諾的服務，並扣除增值稅（「VAT」）。 主要需要列入賬目的服務包括 保險交易服務、saas-雲計算和技術服務以及其他服務。
| F-20 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. Significant Accounting Policies (Continued)
n) Revenue recognition (Continued)
The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, the Group applies the following steps:
| ● | Step 1: Identify the contract(s) with a customer | |
| ● | Step 2: Identify the performance obligations in the contract | |
| ● | Step 3: Determine the transaction price | |
| ● | Step 4: Allocate the transaction price to the performance obligations in the contract | |
| ● | Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation |
Insurance Transaction Services Income
營業收入的主要來源是來自保險承保人和保險中介直接進行的保險交易服務費，這取決於被保險人支付的保費的百分比。保險承保人或保險中介支付的服務費率應該基於與這些承保人或保險中介簽訂的服務合同中規定的條款，適用於通過集團在中國大陸的在線平台和移動應用程序銷售的每份保險單。集團確定這些保險承保人或保險中介是其在這些協議中的客戶。承保所獲得的保險交易服務費收入是在公司履行績效義務時確認的。這是在簽署的保險單生效並保費由保險承保人從被保險人那裏收取時發生的。
saas-雲計算 和技術服務收入
該集團爲特定保險公司或保險中介提供saas-雲計算服務。這種基於雲的服務允許保險公司或保險中介使用集團自行開發的saas-雲計算管理系統，而無需佔有其軟件。該集團已確定保險公司或保險中介爲客戶，最初在收到服務費用時將其記錄爲合同負債，然後在服務期內按直線法確認營業收入，通常爲一年。
該集團還爲第三方公司提供技術服務。該集團爲爲他們開發軟件收取第三方公司的服務費。技術服務收入在完成每項服務時，根據成本分攤的進度衡量方法確認。
其他 服務
本集團爲第三方公司提供客戶服務。本集團通過向第三方公司的客戶提供諮詢服務來履行其履約義務，並從這些第三方公司收取服務費。客戶服務收入按合同期間直線攤銷，通常在提供服務的合同期間內，即通常在1年之內確認。
| F-21 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. 重要會計政策（續）
n) 營業收入確認（續）
合同 餘額和應收賬款
合同負債主要包括客戶預付款，這些款項是收到的預付款，用於雲計算和技術服務在合同履行之前。所呈現的期間內合同負債的增加是由於集團客戶付款的增加，這與雲計算和技術服務收入增長保持一致。由於相關合同通常具有較短的持續期限，大多數履約義務在一年內得到滿足。
2023年6月30日至2024年6月30日的六個月內，集團確認的營業收入金額爲人民幣
在2023年和2024年截至6月30日的六個月內，集團沒有任何安排，已經在過去年度完成履行義務，但在當前期間確認相應的營業收入。
應收賬款主要代表從保險交易服務客戶處到期的金額，當集團已履行其履約義務並擁有收款的無條件權利時。這些賬款按淨可變現價值計量。更多信息請參閱附註4。
實用權宜措施
集團已選用以下實用救濟措施，依據ASC 606主題規定允許使用：
(i) 支付條款和條件因合同類型而異，儘管條款通常包括預付款要求或一年內支付。小組已確定，其合同通常不包括重大的融資要素。
與客戶簽訂合同的成本在發生時作爲費用支出，並且攤銷期限將爲一年或更短。
o) 營業收入成本
作爲營業成本記錄的金額，涉及爲了生成營業收入而發生的直接費用，主要包括 i) 轉介合作伙伴的成本，ii) 支付給第三方支付平台的服務費，iii) 攤銷和折舊費用，iv) 工資和福利待遇，v) 雲服務費，和 vi) 稅收及附加稅等其他費用。這些成本按發生在未經審計的中期簡明合併營業活動和綜合損益表中列示。
p) 研發費用
研發費用主要包括工資和福利、股權激勵費用以及爲開發和增強公司在線平台（包括saas-雲計算平台）和移動應用程序而發生的外包開發費用。
q) Selling and marketing expenses
Selling and marketing expenses consist primarily of advertising and promotional expenses, salary and welfare benefits, share-based compensation expenses to the Group’s sales and marketing personnel, and amortization expenses. Advertising and promotional expenses consist primarily of costs for the promotion of corporate image, online platform and mobile applications. The Group expenses all advertising and promotional expenses as incurred and classifies them under selling and marketing expenses..
| F-22 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
2. Significant Accounting Policies (Continued)
r) General and administrative expenses
General and administrative expenses consist primarily of share-based compensation expenses, salary and welfare benefits, professional service fees, amortization expenses and related expenses for employees involved in general corporate functions, including finance, legal and human resources; and costs associated with use by these functions of facilities and equipment, such as traveling and general expenses.
s) Government grants
Government grants mainly represent subsidies and tax refunds for operating a business in certain jurisdictions and fulfilment of specified tax payment obligations. Government grants are recognized where there is reasonable assurance that the grant will be received, and all attached conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the periods that the related costs, for which it is intended to compensate, are expensed. When the grant relates to an asset, it is recognized as income in equal amounts over the expected useful life of the related asset.
Deferred
government grants included RMB
t) Leases
The Group determines if an arrangement is a lease and determines the classification of the lease, as either operating or finance, at commencement. The Group has operating leases for office buildings and has no finance leases as of December 31, 2023 and June 30, 2024. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the lease payments over the lease term at commencement date.
As the Group’s leases do not provide an implicit rate, an incremental borrowing rate is used based on the information available at the commencement date, to determine the present value of lease payments. The incremental borrowing rate approximates the rate the Group would pay to borrow in the currency of the lease payments for the weighted-average life of the lease.
經營租賃ROU資產還包括在租賃開始前支付的任何租金，但不包括租賃激勵和初始直接成本（如果有）。租賃條款可能包括在集團合理確定將行使該選擇權時延長或終止租約的選項。最低租金支付的租賃費用應在租賃期內按直線法確認。
集團的租賃協議包含租賃和非租賃元件，這些元件根據它們的相對獨立價格分開覈算。
公司選擇利用短期租賃認定豁免條款，並對符合條件的租賃合同不確認經營租賃使用權（"ROU"）資產或經營租賃負債。
| F-23 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. 重要會計政策（續）
基於股份的補償費用來源於以股份爲基礎的獎勵，包括購買普通股的期權和受限制的股份。對於授予給員工和非員工的購買普通股期權被確定爲歸類爲權益獎勵的情況，相關的基於股份的補償費用將根據它們的授予日期公允價值在未經審計的中期摘要綜合損益表中確認，這些公允價值是使用二項式期權定價模型計算得出的。公允價值的確定受普通股的公允價值以及關於許多複雜和主觀變量的假設的影響，包括普通股公允價值的預期波動率、實際和預期僱員股票期權行使行爲、無風險利率和預期分紅等。普通股的公允價值是使用收入法進行評估的，同時考慮市場性缺乏的折現率，因爲授予時底層獎勵的股票尚未公開交易。基於股份的補償費用的記錄按照直線法從估計的放棄中記錄，以滿足服務期要求，只有預計最終會成熟的股份獎勵才將被記錄爲費用。
v) 員工福利
中華人民共和國 貢獻計劃
中國集團全職員工參與了政府規定的個人帳戶式養老基金計劃，根據該計劃向員工提供一定的養老金福利、醫療保健、員工住房基金和其他福利。中國勞工法規要求中國子公司、VIE及集團VIE子公司根據員工工資的一定比例向政府繳納這些福利的費用，最高繳納金額由當地政府規定。集團對這些福利沒有超過已繳納的部分的法律義務。員工福利福利餘額總額，包括估計的未支付金額，截至2023年12月31日和2024年6月30日約爲人民幣
w) 稅收
所得稅
目前的所得稅按照財務報告的收入/(虧損)進行計提，調整爲與所得稅目的不可徵或不可抵扣的收入和費用項目，符合相關稅收司法管轄區的法規。遞延稅款資產和負債是爲了未來的稅務後果而確認的，這些稅務後果可歸因於財務報表現有資產和負債的賬面價值與其各自稅基之間的暫時差異，以及任何稅損和稅貸項。遞延稅款資產和負債使用預計適用於暫時差異預計將在其中年份中收回或結算的應納稅所得的頒佈稅率進行衡量。稅率變更或稅法變更對遞延稅款資產和負債的影響將在通過未經審計的中期簡明綜合損益綜合會計報表中的稅率變更或稅法頒佈期間被確認。如果認爲遞延稅款資產的一部分或全部不會實現，則提供一項估值準備金來減少遞延稅款資產的金額。
| F-24 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
2. Significant Accounting Policies (Continued)
w) Taxation (Continued)
Uncertain tax positions
In
order to assess uncertain tax positions, the Group applies a more likely than not threshold and a two-step approach for the tax position
measurement and financial statement recognition. Under the two-step approach, the first step is to evaluate the tax position for recognition
by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained, including
resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that
is more than
x) Related parties
Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation.
Net loss per share is computed in accordance with ASC 260, Earnings per Share. The two-class method is used for computing earnings per share in the event the Group has net income available for distribution. Under the two-class method, net income is allocated between ordinary shares and participating securities based on dividends declared (or accumulated) and participating rights in undistributed earnings as if all the earnings for the reporting period had been distributed. The Company’s preferred shares are participating securities because they are entitled to receive dividends or distributions on an as converted basis. For the periods presented herein, the computation of basic loss per share using the two-class method is not applicable as the Group is in a net loss position and net loss is not allocated to other participating securities because in accordance with their contractual terms they are not obligated to share in the losses.
Basic net loss per share is computed using the weighted average number of ordinary shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of ordinary shares and potential ordinary shares outstanding during the period under treasury stock method. Potential ordinary shares include options to purchase ordinary shares and preferred shares, unless they were anti-dilutive. The computation of diluted net loss per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect (i.e. an increase in earnings per share amounts or a decrease in loss per share amounts) on net loss per share.
z) Statutory reserves
In
accordance with China’s Company Laws, the Company’s VIE and subsidiaries of VIE in the PRC must make appropriations from
their after-tax profit, if any (as determined under the accounting principles generally acceptable in the People’s Republic of
China (“PRC GAAP”)), after offsetting accumulated losses from prior years, to non-distributable reserve funds including (i)
statutory surplus fund and (ii) discretionary surplus fund. The appropriation to the statutory surplus fund must be at least 10% of the
after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the statutory surplus fund has reached
| F-25 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
2. Significant Accounting Policies (Continued)
z) Statutory reserves (Continued)
Pursuant
to the laws applicable to China’s Foreign Investment Enterprises, the Company’s subsidiaries that are foreign investment
enterprises in China have to make appropriations from their after-tax profit (as determined under PRC GAAP) to reserve funds including
(i) general reserve fund, (ii) enterprise expansion fund and (iii) staff bonus and welfare fund. The appropriation to the general reserve
fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the general
reserve fund has reached
截至2023年6月30日和2024年6月30日的六個月內，集團未撥任何金額作爲法定儲備金，因爲公司的子公司、VIE和VIE的子公司在2023年12月31日和2024年6月30日時處於累積遞減的位置。
aa) 綜合虧損
全面虧損被定義爲在一段時間內在交易和其他事件和情況中導致集團赤字的所有變化，不包括由股東投資和向股東分配而產生的交易。根據未經審計的中期簡明綜合資產負債表呈現的其他綜合收入，包括累計外幣翻譯調整。
bb) 業務分部報告
集團在確定可報告的經營部門時採用管理方法。管理方法考慮了集團首席經營決策者（「CODM」）用於作出經營決策、分配資源和評估業績的內部組織和報告，作爲確定集團可報告部門的依據。管理層已確定，根據FASB ASC Topic 280《段報告》，集團只運營一個部門。
cc) 專注和風險
外幣 貨幣兌換匯率風險
該集團的營運交易主要以人民幣結算。人民幣不能自由兌換成外匯。人民幣的價值受中央政府政策以及國際經濟和政治發展的影響。在中國大陸，某些外匯交易法律規定必須通過授權的金融機構按中國人民銀行（「PBOC」）設定的匯率進行交易。在中國大陸，集團以人民幣以外的貨幣匯款必須通過中國人民銀行或其他中國境內外匯監管機構進行處理，需要提供特定的支持文件以實現匯款。截至2023年12月31日和2024年6月30日，該集團以人民幣計量的現金及現金等價物，以及限制性人民幣現金分別爲人民幣
信用風險和集中風險
潛在使集團面臨信用風險集中的金融工具包括現金及現金等價物、受限現金和應收賬款。截至2023年12月31日和2024年6月30日，集團的現金及現金等價物以及受限現金通常爲無擔保，並高度集中在中國的幾家主要金融機構，管理層認爲這些金融機構信用質量高，持續監控這些金融機構的信用狀況。應收賬款通常爲無擔保，一般來自公司保險交易服務業務所產生的營業收入。
| F-26 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2. 重要會計政策（續）
cc) 專注度和風險（續）
Concentration of customers and suppliers
There was nil and nil customer which individually accounted for 10% or more of the Group’s total operating revenue, nil and one customer which individually accounted for 10% or more of the Group’s total accounting receivable for the six months ended June 30, 2023 and 2024.
There was and supplier which individually accounted for more than 10% of the Group’s total costs and expenses for the six months ended June 30, 2023 and 2024.
dd) 最近發佈的會計公告
該集團符合《2012年初創企業衆籌法案》（"JOBS法案"）修訂版的「新興成長型企業」（EGC）的資格要求。作爲EGC，該集團在私人公司要求遵守這些新的或修訂後的會計準則之前，不需要遵守任何新的或修訂後的財務會計準則。
最近 尚未採納的會計準則
2023年10月，FASB發佈了ASU 2023-06《披露改進：回應SEC的披露更新和簡化倡議的準則修訂》。ASU 2023-06修改了準則中各個話題的披露或呈現要求。其中一些修訂代表了對現行要求的澄清或技術修正。由於修訂的話題種類繁多，一系列實體可能會受到一個或多個修訂的影響。許多修訂讓用戶更容易比較受SEC現有披露要求約束的實體與之前不受SEC要求約束的實體。此外，修訂將準則中的要求與SEC的規定保持一致。對於受SEC現有披露要求約束的實體以及要準備進行出售或發行證券的實體而需要向SEC提交或提供財務報表但這些證券不存在轉讓約束的，每項修訂的生效日期將是SEC自《S-X條例》或《S-K條例》中刪除相關披露的日期，其中禁止提前採納。對於其他所有實體，修訂將在兩年後生效。此更新中的修訂應該以遠景方式應用。對於所有實體，如果到2027年6月30日爲止，SEC尚未從《S-X條例》或《S-K條例》中刪除適用的要求，相關修訂的待定內容將從準則中刪除，並不會對任何實體生效。本集團目前正在評估這項標準對其合併財務報表和相關披露可能產生的影響。
2023年11月，FASB發佈了會計準則更新（ASU）2023-07，「分部報告（第280號）：改進可報告分部披露」。該準則提供指導，以改善關於上市實體可報告分部的披露，並滿足投資者就可報告分部支出的額外、更詳細信息的要求。該準則對於2023年12月15日後開始的財政年度和2024年12月15日後開始的財政年度間隔期間生效。允許提前採用，並且該準則中的披露要求以追溯的方式應用。集團目前正在評估該準則對其合併財務報表和相關披露可能產生的影響。
2023年12月，FASB發佈了ASU 2023-09「所得稅（主題740）：改進所得稅披露」。該標準要求在有效稅率和所交所得稅的調解中進行所得稅分解披露。對於公衆企業，此標準於2024年12月31日之後的年度期間生效。對於非上市企業，此標準將於2025年12月15日之後的年度期間生效。允許提前採納，並要求以前瞻性地應用本標準，可選擇以溯及既往方式應用本標準。公司目前正在評估該標準可能對其合併財務報表和相關披露產生的影響。
| F-27 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
2 重要會計政策（續）
dd) 最近發佈的會計公告（續）
在2024年3月，證監會通過了覆蓋氣候相關披露的規則，要求註冊人在其SEC文件中提供某些與氣候相關的披露。該規則要求註冊人披露策略、治理、風險管理、目標和目標、溫室氣體排放以及財務報表效應。2024年4月4日，證監會自願暫停其終極氣候規則，等待美國第八巡迴法院對其進行司法審查。本集團目前正在評估此標準可能對其合併財務報表和相關披露產生的影響。
3. 反向股本重組
在結束日期，（i）Prime Impact將其已發行和流通的 A類和 B類普通股轉換爲 公司的A類普通股，並（b）其
在2023年9月11日，Prime Impact、CCt和公司與全球機構投資者簽署了某些認購協議和備用協議，用於私人投資公共權益（「PIPE」），與業務合併相關。根據這些協議，公司發行了 ; ; 和 A類普通股給Prime Impact Cayman LLC（"贊助方"）；World Dynamic Limited；和Goldrock Holdings Limited，分別以每股美元的價格。 贊助方的款項是與支付某些Prime Impact交易費用有關的，與業務合併相關。公司承擔了與上述PIPE融資交易相關的人民幣百萬融資成本，這些成本直接與這些交易相關且是增量的。
| F-28 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
3. 反向資本重組（續）
逆向資本重組完成後立即發行的普通股數量如下：
| 股數 | ||||
| 2022年12月31日，CCT的普通股股本 | ||||
| 發行給優先股東的CCT普通股（附註13） | ||||
| 逆向資本重組前CCT的普通股股本 | ||||
| CCT普通股的轉換 (1) | ||||
| CCT可轉讓可贖回優先股的轉換 (1) | ||||
| Prime Impact的A類普通股的轉換 (2) | ||||
| Prime Impact的B類普通股的轉換 (2) | ||||
| 可轉換的普通股份 | ||||
| 屬於Prime Impact Cayman LLC的普通股份(3) | ||||
| 屬於World Dynamic Limited的普通股份(3) | ||||
| 歸屬於Goldrock Holdings Limited的普通股份(3) | ||||
| 倒向資本重組和PIPE交易結束時的普通股總數 | ||||
| (1) | |
| (2) |
| (3) |
4. 應收賬款，淨額
應收賬款淨額包括以下內容：
| 2023年12月31日 | 2024年6月30日 | |||||||
| 人民幣 | 人民幣 | |||||||
| 應收賬款總額： | ||||||||
| 減：預期信用損失撥備 | ( | ) | ( | ) | ||||
| 應收賬款，淨額 | ||||||||
以下表格總結了集團針對預期信用損失的準備金的變動情況：
| 截至6月30日的六個月 | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 期初餘額 | ( | ) | ( | ) | ||||
| 加法 | ( | ) | ( | ) | ||||
| 沖銷 | ||||||||
| 期末餘額 | ( | ) | ( | ) | ||||
| F-29 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
5. Prepayments and other current assets
The following is a summary of prepayments and other current assets:
| December 31, 2023 | June 30, 2024 | |||||||
| RMB | RMB | |||||||
| Deductible Value Added Tax (“VAT”) | ||||||||
| Loan to a third party (i) | ||||||||
| Service fees (ii) | ||||||||
| Rental and other deposits | ||||||||
| Rental expense for other leases with period less than one year | ||||||||
| Staff advance | ||||||||
| Others | ||||||||
| Balance at the end of the year | ||||||||
| (i) |
| (ii) |
6. Property, equipment and leasehold improvement, net
The following is a summary of property, equipment and leasehold improvement, net:
| December 31, 2023 | June 30, 2024 | |||||||
| RMB | RMB | |||||||
| Leasehold improvement | ||||||||
| Furniture and office equipment | ||||||||
| Electronic equipment and others | ||||||||
| Total property, equipment and leasehold improvement | ||||||||
| Less: accumulated depreciation | ( | ) | ( | ) | ||||
| Property, equipment and leasehold improvement, net | ||||||||
Depreciation
expenses were RMB
| F-30 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
7. Intangible assets, net
The following table summarizes the Group’s intangible assets, net:
| December 31, 2023 | June 30, 2024 | |||||||
| RMB | RMB | |||||||
| Gross carrying amount | ||||||||
| Software | ||||||||
| Licenses | ||||||||
| Agency agreements | ||||||||
| Channel relationship | ||||||||
| Total intangible assets | ||||||||
| Less: accumulated amortization | ||||||||
| Software | ( | ) | ( | ) | ||||
| Licenses | ( | ) | ( | ) | ||||
| Agency agreements | ( | ) | ( | ) | ||||
| Channel relationship | ( | ) | ( | ) | ||||
| Total intangible assets, net | ||||||||
Amortization
expense for the six months ended June 30, 2023 and 2024 were RMB
The estimated amortization expenses for each of the following periods are as follows:
| June 30, 2024 | ||||
| RMB | ||||
| Remainder of 2024 | ||||
| 2025 | ||||
| 2026 | ||||
| 2027 | ||||
| Total | ||||
8. Leases
The Group’s lease payments for office space leases include fixed rental payments and do not consist of any variable lease payments that depend on an index or a rate. As of December 31, 2023 and June 30, 2024, there was no leases that have not yet commenced.
The following represents the aggregate right-of-use assets and related lease liabilities as of December 31, 2023 and June 30, 2024:
| December 31, 2023 | June 30, 2024 | |||||||
| RMB | RMB | |||||||
| Operating lease right-of-use assets | ||||||||
| Short-term operating lease liabilities | ( | ) | ( | ) | ||||
| Long-term operating lease liabilities | ( | ) | ( | ) | ||||
| Total operating leased liabilities | ( | ) | ( | ) | ||||
| F-31 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
8. Leases (Continued)
The weighted average lease term and weighted average discount rate as of December 31, 2023 and June 30, 2024 were as follows:
| December 31, 2023 | June 30, 2024 | |||||||
| RMB | RMB | |||||||
| Weighted average lease term: | ||||||||
| Operating leases | ||||||||
| Weighted average discount rate: | ||||||||
| Operating leases | % | % | ||||||
The components of lease expenses for the six months ended June 30, 2023 and 2024 were as follows:
| For the six months ended June 30, | ||||||||
| 2023 | 2024 | |||||||
| RMB | RMB | |||||||
| Operating lease cost | ||||||||
| Cost of other leases with period less than one year | ||||||||
| Total | ||||||||
Supplemental cash flow information related to leases for the six months ended June 30, 2023 and 2024 were as follows:
| For the six months ended June 30, | ||||||||
| 2023 | 2024 | |||||||
| RMB | RMB | |||||||
| Cash paid for amounts included in the measurement of lease liabilities: | ||||||||
| Operating cash flows for operating leases | ||||||||
| Supplemental noncash information: | ||||||||
| Right-of-use assets obtained in exchange for lease obligations | ||||||||
Maturities of lease liabilities at December 31, 2023 and June 30, 2024, respectively:
| December 31, 2023 | June 30, 2024 | |||||||
| RMB | RMB | |||||||
| 2024/Remainder of 2024 | ||||||||
| 2025 | ||||||||
| 2026 | ||||||||
| 2027 | ||||||||
| Total remaining undiscounted lease payments | ||||||||
| Less: interest | ( | ) | ( | ) | ||||
| Total present value of operating lease liabilities | ||||||||
| Less: short-term operating lease liabilities | ( | ) | ( | ) | ||||
| Long-term operating lease liabilities | ||||||||
| F-32 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
9. Short-term borrowings
The following table summarizes the Group’s outstanding short-term borrowings as of December 31, 2023 and June 30, 2024, respectively
| December 31, 2023 | June 30, 2024 | |||||||
| RMB | RMB | |||||||
| Bank borrowings | ||||||||
| (1) | Bank borrowings |
| Maturity date | Principal amount | Interest rate per annum | December
31, 2023 | June
30, 2024 | ||||||||||||||
| Bank of Beijing (i) | % | |||||||||||||||||
| Bank of Beijing (i) | % | |||||||||||||||||
| Bank of Beijing (i) | % | |||||||||||||||||
| Bank of Beijing (ii) | % | |||||||||||||||||
| Industrial Bank Co., Ltd (iii) | % | |||||||||||||||||
| Bank of Beijing (iv) | % | |||||||||||||||||
| Total short-term borrowings | ||||||||||||||||||
| (i) |
| (ii) |
| (iii) |
| (iv) |
| F-33 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
10. Taxation
| a) | Income taxes |
Cayman Islands
Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, upon payments of dividends by the Company in the Cayman Islands to its shareholders, no Cayman Islands withholding tax will be imposed.
Hong Kong
Subsidiary
incorporated in Hong Kong is subject to Hong Kong profits tax at a rate of
China
Under
the Enterprise Income Tax Law of the PRC, the Company’s Chinese subsidiaries, VIE and subsidiaries of VIE are subject to an income
tax of
Composition of Income Tax Expense
The Company is not subject to income or capital gains tax under the current laws of the Cayman Islands. There are no other taxes likely to be material to the Company levied by the government of the Cayman Islands.
The components of loss before income taxes are as follows (in thousands):
| 對於 截至6月30日的六個月 | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 所得稅支出前的虧損 | ||||||||
| 來自中國的損失 大陸業務 | ( | ) | ( | ) | ||||
| 損失 來自非中國大陸的業務 | ( | ) | ( | ) | ||||
| 扣除收入前的總虧損 運營稅收支出 | ( | ) | ( | ) | ||||
| 適用於中國大陸的所得稅優惠 運營 | ||||||||
| 已推遲 稅 | ||||||||
| 所得稅小計 適用於中國大陸業務的福利 | ||||||||
| 非中國大陸預扣稅 稅收支出 | ( | ) | ( | ) | ||||
| 總計 運營所得稅優惠 | ||||||||
| F-34 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
10. 稅收（續）
| b) | 代扣個人所得稅 |
企業所得稅（EIT）法律還對分紅派息徵收預提所得稅
在分公司、VIE、VIE子公司的未分配盈餘中，集團公司將覈算與支付這些未分配盈餘移回相關的預期代扣稅。截至2023年12月31日和2024年6月30日，公司並未記錄任何其在中國積累虧損的子公司、VIE及VIE子公司的代扣稅。
11. Tax payable
The
Group’s subsidiaries, VIE and subsidiaries of VIE incorporated in China are subject to
以下是截至2023年12月31日和2024年6月30日應付稅款總結：
| 十二月 2023 年 31 日 | 六月 2024 年 30 日 | |||||||
| 人民幣 | 人民幣 | |||||||
| 應付增值稅 | ||||||||
| 個人所得稅應付賬款 | ||||||||
| 建築稅應付賬款 | ||||||||
| 教育發展應付賬款 | ||||||||
| 其他 | ||||||||
| 總計 | ||||||||
12. 應計費用及其他流動負債
以下是截至2023年12月31日和2024年6月30日的應計費用和其他流動負債摘要:
| 十二月 2023 年 31 日 | 六月 2024 年 30 日 | |||||||
| 人民幣 | 人民幣 | |||||||
| 專業服務費 | ||||||||
| 退款責任 | ||||||||
| 應計費用 | ||||||||
| 與其他服務費相關的應付賬款 | ||||||||
| 其他 | ||||||||
| 總計 | ||||||||
| F-35 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
13. 優先股
在逆向重組之前，CCt被授權發行普通股和優先股。Ruiyuan Technology Holdings Limited（「睿元」）持有的A輪、B輪、C輪、D1輪、D2輪、D3輪和Pre-A輪可轉換可贖回優先股在其重新指定後合稱爲「優先股」。「Ordinary Shares」”）指的是由Cicw Holdings Limited（「Cicw Holdings」）持有的Seed優先股和睿元在其重新指定之前持有的Pre-A優先股，沒有贖回權、轉股權和清算權，因此在實質上被稱爲「普通股」。
系列 Pre-A融資
2015年7月，北京車車發行股票。 紅壁人民幣
2019年1月，在重組中，CCt發行了普通股 股份給深圳瑞元指定的瑞源。
2019年10月， 股普通股股權轉讓給集思光電，交易價值人民幣
A輪融資
2016年7月，北京車城發行了 和頁面。 股份給北京中雲榮輝投資中心有限合夥”（中雲榮輝”）和杭州順映股權投資企業有限合夥”（杭州順映”），對價爲人民幣
2018年11月22日，CCt與中雲榮輝和杭州順穎簽署了優先股份和認股權購買協議。CCt在重組過程中向中雲榮輝和杭州順穎發行了認股權，使他們有權購買 和 各自的A類可轉讓可贖回優先股股票。這些認股權於2019年5月23日行使。
2019年5月23日，CCt發行了 和頁面。 A系列優先股給中韻榮輝和寧波石偉企業管理合夥（有限合夥）(「寧波石偉」)(由杭州順穎指定)，價款爲人民幣相當於美元
系列 B輪融資
2017年8月，北京車車發行 , , 和頁面。 股份給中雲融匯、杭州舜盈、湖州中澤嘉盟股權投資合夥企業有限責任公司（「湖州中澤」）和珠海橫琴華榮至富投資管理有限公司（「珠海橫琴」），代價爲人民幣
2018年11月22日，CCt與中雲榮輝和杭州順穎簽署了優先股份和認股權購買協議。CCt在重組過程中向中雲榮輝和杭州順穎發行了認股權，使他們有權購買 和 可轉換贖回優先股b系列股份的股票，分別。這些認股權於2019年5月23日行使。
2019年1月，在重組過程中，CCt發行了b系列優先股給Eagle Rover Ltd。 和頁面。 （「湖州中澤BVI」）和聯嘉企業有限公司（「珠海橫琴BVI」），由湖州中澤和珠海橫琴分別指定。
2019年5月23日，CCt發行了 和頁面。 B系列優先股股份給中雲榮輝和寧波世威（由杭州順穎指定），對等人民幣等值的美元。
| F-36 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
13. 優先股（續）
C輪融資
2019年1月，CCt發行了C系列優先股。 白象公司以價格爲美元的考慮發行了C系列優先股。
2021年4月，CCt發行了C系列優先股 向永和Ct有限公司出售C系列優先股，交易金額爲美元
2022年1月，CCt收到了一封來自White Elephant的贖回請求函（「函件」），因爲集團未能完成2022年1月18日之前對CCt普通股的QIPO（定義爲：（i）在CCt股票首次掛牌及公開發行普通股的隱含估值達到美元或更高，在香港聯合交易所或NASDAQ或被認可的證券交易所或經紀行報價系統上的全面稀釋和換股基礎上的所有普通股佔比至少；或（ii）任何由當時已發行和流通的優先股持有人中至少2/3同意的公開發行；或（iii）任何由當時已發行和流通的優先股持有人中至少2/3同意的SPAC交易）定義爲於2022年1月18日之前的贖回事件，根據2021年7月26日日期的CCt公司修訂和重新制定的《共同備忘錄和章程》。在2022年11月，根據2022年11月3日日期的CCt公司修訂和重新制定的《現有M&A》的第19(a)(i)條款，將贖回事項（i）更改爲「CCt未能在2024年1月18日之前完成QIPO」，並且在函件，集團和White Elephant同意並簽署了一份股份回購協議，根據該協議，CCt公司以美元從White Elephant回購其 股票系列C優先股，回購金額爲百萬美元。支付給White Elephant的約定贖回金額低於截至2022年11月贖回日根據原始合同條款按照其擠壓至贖回金額的系列C優先股的賬面價值。從White Elephant回購這些系列C優先股的交易已於2022年11月完成。 全部普通股的至少的一個全面稀釋和換股基礎上刊載於香港聯合交易所或納斯達克或被認可的證券交易所或交易商報價系統的所有普通股中的百分比，否則；或（ii）當時已發行和流通的優先股持有人中至少有2/3同意的任何公開發行；或（iii）當時已發行和流通的優先股持有人中至少有2/3同意的任何SPAC交易）。 美元百萬美元的代價與White Elephant回購其C系列優先股。
系列 D1融資
2021年6月，CCt發行了D2系列優先股。 向聯合雙子控股有限公司出售了人民幣。百萬美元。
系列 D2融資
2021年6月，CCt發行了D2系列優先股。 和頁面。 目的是提供給永和Ct有限公司和永和SI有限公司，分別以金額爲美元的形式。 百萬美元和美元 在2022年2月，永和Ct有限公司將其股份以無條件轉讓給永和CarTech有限公司。 沒有任何條件。
系列 D3融資
2021年7月，CCt發行了D3系列優先股。 和頁面。 以美元對Image Digital Investment（HK）Limited和TPP Fund II Holding Limited進行了交易。 百萬美元和美元2024年4月30日和2023年4月30日的六個月內的外匯重新計量淨收益分別爲$百萬。
優先股的關鍵術語如下：
轉換 正確
每一份優先股在首次公開募股（QIPO）結束時將按當時生效的轉換價格自動轉換爲普通股。如果發行不構成QIPO，則優先股持有人有權選擇是否轉換。在轉換優先股時不會發行任何部分普通股。CCt將支付現金，金額等於持有人否則有權獲得的任何部分普通股乘以當時生效的轉換價格，適用於任何該系列優先股。
| F-37 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
13. 優先股（續）
每隻優先股的轉換比例應通過將發行價除以當時轉換價格來確定。 初始轉換價格應等於每股普通股的發行價。 除非滿足以下條件，否則不得就任何一系列優先股對轉換價格進行調整：1）額外普通股的每股對價低於CCt發行或視爲發行的額外普通股的轉換價格; 2）盡調發行的C系列、D1系列、D2系列和D3系列優先股的原始發行價高於 QIPO設定價格的百分之
贖回 正確
優先股股東在發生以下任何事件時應享有贖回權：(i) CCt未能在2022年1月18日之前完成QIPO（「QIPO日期」）；(ii) 股份購買協議、股東協議和備忘錄及章程（「交易文件」）未能獲得必要的公司程序和授權，來自集團公司、創始人和創始人控股公司的授權；(iii) 任何集團公司、創始人和創始人控股公司違反任何交易文件中的任何擔保、契約、義務，或（iv）任何集團公司、創始人和創始人控股公司違反任何適用法律，導致CCT主要業務停止至少三個月；(v) 任何集團公司的業務的不當運營和/或非法活動，其中任何一個已經導致任何集團公司造成重大損失；(vi) 與VIE的任何合同安排已經終止，宣告無效或無效，或無法使CCt根據國際財務報告準則或美國通行的會計準則合併國內公司的財務結果；(vii) 創始人被判犯有刑事犯罪；(viii) 集團公司從事與目前業務不同的業務（每個「贖回事件」）；然後，任何優先股的股東請求時均應可贖回。
根據CCt於2022年11月3日修訂和重新制訂的備忘錄和章程，優先股東同意將QIPO日期作爲贖回事件的一部分更改爲2024年1月18日。2023年2月23日，優先股東進一步同意將QIPO日期修改爲2025年1月18日。在同一日期，集團與現有優先股東簽訂了股份轉讓協議，並向現有優先股東轉讓。 , , , , , , , , , 和頁面。在QIPO之前，包括瑞源、中雲榮輝、寧波時偉、湖州中澤BVI、珠海橫琴BVI、永和Ct有限公司、永和卡車有限公司、聯合雙子控股有限公司、永和SI有限公司、圖像數碼投資（香港）有限公司和TPP基金II控股F有限公司在內的現有優先股東，分別持有CCt的普通股以面值轉讓，涉及與優先股相關的QIPO日期修改。
優先股的贖回價格應等於（i）資本出資的原始投資額加上按照採用每日複利十厘計算的金額;或（ii）資本出資的原始投資額加上集團從發行日起至贖回日的累計淨利潤乘以該投資者從發行日至贖回日一直持有的CCt股份比例的平均額;或（iii）由第三方估值人員確定的待贖回資本出資的公允市場價。
股息 權利
不得分配其他財產或現金的分紅或任何其他形式的分紅，除非優先股已經全部支付了分紅。
| F-38 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
13. Preferred shares (Continued)
Liquidation right
After setting aside or paying in full of the Series D3 preference amount, the Series D2 preference amount, the Series D1 preference amount, the Series C preference amount, the Series B preference amount, the Series A preference amount and the Series Pre-A preference amount, the remaining assets of the Group available for distribution to members, if any, shall be distributed to the holders of the Preferred Shares and Ordinary Shares on a pro rata basis, based on the number of ordinary shares then held by each holder on an as-converted basis.
Voting right
Each of Preferred Shares confers the right to receive notice of, attend and vote at any general meeting of members.
Accounting of Preferred Shares
集團已將∮優先股分類爲綜合資產負債表中的中間權益，因爲在一定日期後持有方可以隨時選擇贖回，並在發生某些 CCT 無法控制的特定清算事件時有條件地可以贖回。如上所述的轉換特性，最初分別按其公允價值計量，優先股的初始賬面價值根據殘餘基礎分配，扣除發行成本。
由於優先股在特定日期後可以由持有人隨時贖回，因此，在每個報告期，CCT按照原始發行中規定的最早贖回日期，記錄了對優先股的增值至贖回價值。儘管所有優先股在QIPO上市後會自動轉換，但QIPO的有效性不受CCT控制，並且在會計目的上，QIPO的有效日期前不被視爲可能發生。因此，CCT在截至2023年6月30日的六個月內繼續確認對優先股的增值。優先股的增值金額爲人民幣
此外，集團記錄對優先股的增值，其增值計從發行日至最早贖回日期。這些增值記錄在留存收益中，或者在沒有留存收益的情況下，通過額外的實收資本支出來進行沖銷。一旦額外實收資本用盡，額外的費用將通過增加累計赤字來記錄。每次優先股發行時，按照發行日的公允價值減去發行成本予以確認。
優先股的規定被視爲待定的贖回規定，不僅由CCT獨立控制。因此，在反向重組之前，相關餘額被列在綜合資產負債表的中間部分，而不在永久股本內。作爲反向重組交易的一部分，如附註3所述，優先股根據CCT當時有效的備忘錄和章程轉換成一定數量的CCt普通股，然後CCt將從優先股中轉換而成的普通股轉換成公司的A類普通股。截至2023年12月31日，公司沒有未償的優先股。
普通股轉換爲優先股的會計處理
集團認爲，上述從普通股重新指定爲優先股的重新分類實質上等同於普通股東出資後取消這些普通股，並同時以無償方式發行預設股。因此，集團將取消的這些普通股的票面價值錄入爲額外資本公積金，並將預設股的公允價值記錄爲被視爲分配給優先股東的分配利潤，或在沒有留存收益的情況下，通過對額外資本公積金進行衝減，或在額外資本公積金耗盡後，通過增加累積虧損來予以覈銷。
| F-39 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
13. 優先股（續）
以下是截至2023年6月30日止六個月，集團優先股的活動摘要：
| 平衡
截至當時 2023 年 1 月 1 日 | 增生 至優先股贖回價值 | 平衡
截至當時 2023 年 6 月 30 日 | ||||||||||
| Pre-A 系列首選 股份 | ||||||||||||
| 股票數量 | ||||||||||||
| 金額 | ||||||||||||
| A系列優先股 | ||||||||||||
| 股票數量 | ||||||||||||
| 金額 | ||||||||||||
| b 系列優先股 | ||||||||||||
| 股票數量 | ||||||||||||
| 金額 | ||||||||||||
| C系列優先股 | ||||||||||||
| 股票數量 | ||||||||||||
| 金額 | ||||||||||||
| D1 系列優先股 | ||||||||||||
| 股票數量 | ||||||||||||
| 金額 | ||||||||||||
| D2 系列優先股 | ||||||||||||
| 股票數量 | ||||||||||||
| 金額 | ||||||||||||
| D3 系列優先股 | ||||||||||||
| 股票數量 | ||||||||||||
| 金額 | ||||||||||||
| 總計 股票數量* | ||||||||||||
| 總計 金額 | ||||||||||||
| * |
| F-40 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
14. 細分信息
經營部門被定義爲企業的組成部分，其關於財務信息是可以得到的，由首席經營決策者（「CODM」）或決策小組定期評估，以決定如何分配資源並評估績效。公司得出結論，集團的CODm是董事會主席兼首席執行官張磊先生。
根據ASC 280-10， 分部報告：整體CODm在決定分配資源和評估整個集團績效時審查合併運營結果；因此，集團只有一個經營部門。
關鍵收入流如下：
對於 六個月結束了 六月 30， | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 保險交易服務 收入 | ||||||||
| SaaS 和技術服務收入 | ||||||||
| 其他 | ||||||||
| 總計 | ||||||||
絕大部分收入來源於中國，在中國爲客戶提供服務。此外，集團的長期資產幾乎全部位於中國。因此，不設立地理區域分部。
15. 營收成本
作爲營業成本錄入的金額，涉及爲了產生營業收入而發生的直接費用，主要包括轉介費用、支付給第三方支付平台的服務費、攤銷和折舊費用、工資和福利津貼、雲服務費、稅費和附加費以及其他費用。這些成本根據發生的情況被計入未經審計的中期簡明綜合損益表中。以下表格顯示了截至2023年6月30日和2024年6月30日的集團營業成本。
對於 六個月結束了 六月 30， | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 推薦合作伙伴的費用 | ||||||||
| 服務費已支付給第三方付款 平台 | ||||||||
| 工資和福利待遇 | ||||||||
| 攤銷和折舊 | ||||||||
| 雲服務費 | ||||||||
| 稅收和附加費 和其他人 | ||||||||
| 總計 | ||||||||
| F-41 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
16. 員工福利
公司的子公司，VIE和在中國設立的VIE的子公司參與了政府強制實施的多僱主確定性繳費計劃，在此計劃下向員工提供養老、醫療、住房和其他福利。中國勞動法規要求公司的中國子公司、VIE和VIE的子公司按照合格僱員的月度基本薪酬的一定比例向當地勞動局繳納月度的繳費。有關的當地勞動局負責履行所有養老福利責任；因此，集團除了月度繳納外沒有進一步的承諾。以下表格列出了截至2023年6月30日和2024年6月30日的六個月內集團的僱員福利支出：
對於 六個月結束了 六月 30， | ||||||||
| 2023 | 2024 | |||||||
| 人民幣 | 人民幣 | |||||||
| 捐款 加入醫療和養老金計劃 | ||||||||
| 其他 員工福利 | ||||||||
| 總計 | ||||||||
在截至2023年6月30日的六個月內，「醫療和養老金計劃的供款」和「其他僱員福利」的數額已經修訂，以更正披露過程中的公式錯誤。這些錯誤僅涉及披露，並不影響先前報告的未經審計的中期綜合經營成果、財務狀況或現金流量。
此次披露的修訂對先前報告的員工福利支出的影響如下：
| 對於
六個月結束了 6月30日 | ||||||||||||
| 2023 | ||||||||||||
| 如 之前曾報道 | 調整 | 如 已修訂 | ||||||||||
| 人民幣 | 人民幣 | 人民幣 | ||||||||||
| 捐款 加入醫療和養老金計劃 | ||||||||||||
| 其他 員工福利 | ||||||||||||
| 總計 | ||||||||||||
| F-42 |
車車科技公司 未經審計的中期簡明合併財務報表註解 (續) (所有數額以千爲單位，除分股和每股數據外） |
| (a) | 股票期權計劃的描述 |
2019 激勵計劃
2020年1月，公司允許向相關董事、高管、高級管理人員、員工以及集團非僱員（"2019激勵計劃"）發放期權和受限股份。期權獎勵的行權價格由董事會確定。
2019年激勵計劃授予的股票期權合同期爲10年，將在（i）與集團終止服務後3個月內，或（ii）授予日期之第十週年到期，以較早者爲準。
根據2019年激勵計劃授予的股票期權將在授予後立即獲得權益。
2019年激勵計劃下授予的限制性股票可以選擇立即授予即刻生效的條件；或每年週年日授予%； 每季度授予%，總共四年；或 每年週年日授予%，總共兩年。
2023 Incentive Plan
In September 2023, the Company permitted the grant of options, restricted shares or any other type of awards to relevant directors, employees and non-employees of the Group (the “2023 Incentive Plan”). Option awards are granted with an exercise price determined by the Board of Directors.
In accordance with ASC 718 Stock Compensation, the Group recorded share-based compensation expense on the grant date of the equity interests to its employees equal to the estimated fair-value of such equity interests at the measurement date. The share-based compensation expense was recorded in cost of revenues, selling and marketing expenses, general and administrative expenses and research and development expenses on the unaudited interim condensed consolidated statements of operations and comprehensive loss.
Stock option replacement (the “Replacement”)
On
January 1, 2023 and July 1, 2023, a total of and vested options were replaced by and restricted shares of CCT, which were converted
into restricted shares of the Company upon the completion of the Reverse Recapitalization (Note 3). The restricted shares awards are
subject to the original vesting schedule of the replaced share options. The Company concluded the cancellation and replacement of awards
is a modification, and determined the modification is a probable-to-probable (Type I) modification. The Company has recognized the portion
of incremental value of RMB
| F-43 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
17. Share-based compensation (Continued)
| (b) | Valuation assumptions |
For the six months ended June 30, | ||||||||
| Options* | 2023 | 2024 | ||||||
| Fair value per share (US$) | * | ~ | ||||||
| Discount rate (after tax) | * | |||||||
| Risk-free interest rate | * | %-% | ||||||
| Expected volatility | * | %-% | ||||||
| Contractual term (in years) | * | |||||||
| Discount for lack of marketability (“DLOM”) | * | |||||||
| * |
For the six months ended June 30, | ||||||||
| Restricted shares | 2023 | 2024 | ||||||
| Fair value per share (US$) | ||||||||
| Discount rate (after tax) | % | |||||||
| Discount for lack of marketability (“DLOM”) | % | |||||||
The
expected volatility at the grant date and each option valuation date was estimated based on the annualized standard deviation of the
daily return embedded in historical share prices of comparable peer companies with a time horizon close to the expected expiry of the
term of the options. The weighted average volatility is the expected volatility at the grant date weighted by number of options. The
Company has never declared or paid any cash dividends on its shares, and the Group does not anticipate any dividend payments in the foreseeable
future. The contractual term is the contract life of the options. The Group estimated the risk-free interest rate based on the market
yield of US Government Bonds with maturities of
| F-44 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
17. Share-based compensation (Continued)
| (c) | Stock options activities |
| Number of Options Outstanding* | Weighted Average exercise price | Weighted average remaining contractual life | Aggregated intrinsic value | |||||||||||||||||||||
| Employees | Consultant | Total | ||||||||||||||||||||||
| (in thousands) | (in thousands) | (in thousands) | US$ | (in years) | RMB in thousands | |||||||||||||||||||
| Outstanding at January 1, 2023 | ||||||||||||||||||||||||
| Replacement | ( | ) | ( | ) | ||||||||||||||||||||
| Forfeited | ( | ) | ( | ) | ||||||||||||||||||||
| Outstanding at June 30, 2023 | ||||||||||||||||||||||||
| Exercisable as of June 30, 2023 | ||||||||||||||||||||||||
| Outstanding at January 1, 2024 | ||||||||||||||||||||||||
| Replacement | ( | ) | ( | ) | ||||||||||||||||||||
| Granted | ||||||||||||||||||||||||
| Forfeited | ( | ) | ( | ) | ||||||||||||||||||||
| Outstanding at June 30, 2024 | ||||||||||||||||||||||||
| Exercisable as of June 30, 2024 | ||||||||||||||||||||||||
| * |
The weighted average grant date fair value of options granted for the six months ended June 30, 2023 and 2024 were RMB (US$) and RMB (US$) per option, respectively. No options were exercised for the six months ended June 30, 2023 and 2024.
| F-45 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
17. Share-based compensation (Continued)
| (d) | Restricted shares activities |
The following table sets forth the summary of restricted share activities for the six months ended June 30, 2023 and 2024:
| Number of Restricted Shares Granted* | Weighted-Average Grant Date Fair Value | |||||||
| (in thousands) | (US$) | |||||||
| Unvested as of January 1, 2023 | ||||||||
| Awarded | ||||||||
| Vested | ( | ) | ||||||
| Forfeited | ( | ) | ||||||
| Outstanding at June 30, 2023 | ||||||||
| Unvested as of January 1, 2024 | ||||||||
| Replacement | ||||||||
| Awarded | ||||||||
| Vested | ( | ) | ||||||
| Forfeited | ( | ) | ||||||
| Outstanding at June 30, 2024 | ||||||||
| * |
For the six months ended June 30, 2023 and 2024, the Company had potential ordinary shares, including preferred shares before the QIPO, restricted shares and share options granted. As the Group incurred losses for the six months ended June 30, 2023 and 2024, these potential preferred shares, restricted shares and shares options granted were anti-dilutive and excluded from the calculation of diluted net loss per share of the Company.
Considering that the holders of preferred shares have no contractual obligation to participate in the Company’s losses, any losses from the Group should not be allocated to preferred shares.
| F-46 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
18. Net loss per share (Continued)
| For the six months ended June 30, | ||||||||
| 2023 | 2024 | |||||||
| Numerator: | ||||||||
| Net loss | ( | ) | ( | ) | ||||
| Less: accretions to preferred shares redemption value | ( | ) | ||||||
| Net loss attributable to Cheche’s ordinary shareholders | ( | ) | ( | ) | ||||
| Denominator: | ||||||||
| Weighted average number of ordinary shares outstanding, basic | ||||||||
| Weighted average number of ordinary shares outstanding, diluted* | ||||||||
| Basic net loss per share attributable to Cheche’s ordinary shareholders | ( | ) | ( | ) | ||||
| Diluted net loss per share attributable to Cheche’s ordinary shareholders | ( | ) | ( | ) | ||||
| * |
19. Commitments and Contingencies
| (a) | Commitments |
The
Group leases office space under non-cancelable operating lease agreements, which expire at various dates through June 30, 2024. As of
December 31, 2023 and June 30, 2024, future minimum lease of RMB
| (b) | Litigation |
As of December 31, 2023 and June 30, 2024, the Group was not involved in any legal or administrative proceedings that may have a material adverse impact on the Group’s business, financial position results of operations, or cash flows.
20. Related Party Balances and Transactions
The table below sets major related parties of the Group and their relationships with the Group:
| Entity or individual name | Relationship with the Group | |
| Fanhua Group |
| F-47 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
20. Related Party Balances and Transactions (Continued)
The outstanding balance due to related parties as of December 31, 2023 and June 30, 2024 were as follows:
| As of | As of | |||||||
| Balances with related parties | December 31, 2023 | June 30, 2024 | ||||||
| RMB | RMB | |||||||
| Amounts due to related parties | ||||||||
| Fanhua Group (i) | ||||||||
| (i) |
The
Group issued a convertible loan in the principal amount of RMB
In
2021, the Group repaid the aggregated principal amount of RMB
In
2023, the Group repaid the aggregated amount of RMB
As
of June 30, 2024, the balance of the Corporate borrowings from Fanhua Group was RMB
The
Group elected fair value option to account for the Convertible Loan and the Corporate borrowings from Fanhua Group, and recognized loss/(gain)
under “Changes in fair value of amounts due to related party” and “Fair value changes of amounts due to related party
due to own credit risk” in the unaudited interim condensed consolidated statements of operations and comprehensive loss of RMB
The Group engaged an independent valuation firm to assist the management in its assessment of fair value of the Corporate borrowings at each end of reporting period. The fair value measurements of the Corporate borrowings are based on significant inputs not observable in the market, and thus represent Level 3 fair value measurements. The Group utilized the following assumptions to estimate the fair value of the Corporate borrowings:
| As of | As of | |||||||
| December 31, 2023 | June 30, 2024 | |||||||
| Discount rate | % | % | ||||||
| F-48 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
20. Related Party Balances and Transactions (Continued)
(i) Corporate borrowings from Fanhua Group (Continued)
The movement of Corporate borrowings from Fanhua Group is as follows:
| Corporate Borrowings | ||||
| RMB | ||||
| Balance as of January 1, 2023 | ||||
| Change in fair value | ||||
| Change in other comprehensive income | ||||
| Balance as of June 30, 2023 | ||||
| Balance as of January 1, 2024 | ||||
| Change in fair value | ||||
| Change in other comprehensive income | ||||
| Others | ||||
| Balance as of June 30, 2024 | ||||
21. Fair Value Measurement
Assets and liabilities measured at fair value on a nonrecurring basis
As of December 31, 2023 and June 30, 2024, the Company had no financial assets or financial liabilities that are measured at fair value on non-recurring basis. The Company measured its non-financial assets, such as its property, equipment and leasehold improvements, intangible assets, goodwill on a nonrecurring basis whenever events or changes in circumstances indicate that the carrying value may no longer be recoverable.
Assets and liabilities measured at fair value on a recurring basis
The Company measured the Corporate borrowings from Fanhua Group and warrant at fair value on a recurring basis. As the Company’s Corporate borrowings from Fanhua Group and warrant are not traded in an active market with readily observable prices, the Company uses significant unobservable inputs to measure the fair value of the Corporate borrowings from Fanhua Group and warrant. They are categorized in the Level 3 valuation hierarchy based on the significance of unobservable factors in the overall fair value measurement. The Company did not transfer any assets or liabilities in or out of level 3 during the six months ended June 30, 2023 and 2024.
The following table summarizes the Company’s financial liabilities measured and recorded at fair value on recurring basis as of December 31, 2023 and June 30, 2024:
| As of December 31, 2023 | ||||||||||||||||
Active Market (Level 1) | Observable Input (Level 2) | Unobservable Input (Level 3) | Total | |||||||||||||
| RMB | RMB | RMB | RMB | |||||||||||||
| Liabilities: | ||||||||||||||||
| Warrant | ||||||||||||||||
| Corporate borrowings from Fanhua Group | ||||||||||||||||
| As of June 30, 2024 | ||||||||||||||||
Active Market (Level 1) | Observable Input (Level 2) | Unobservable Input (Level 3) | Total | |||||||||||||
| RMB | RMB | RMB | RMB | |||||||||||||
| Liabilities: | ||||||||||||||||
| Warrant | ||||||||||||||||
| Corporate borrowings from Fanhua Group | ||||||||||||||||
| F-49 |
CHECHE GROUP INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (All amounts in thousands, except for share and per share data) |
21. Fair Value Measurement (Continued)
Warrant
根據掛牌市場價格對Prime Impact轉換的權證進行估值，確定爲一級衡量標準。 根據二項式期權定價模型對CCT轉換的權證進行估值，確定爲三級衡量標準。管理層負責確定公正價值並評估多種因素。這一估值涉及複雜和主觀的判斷以及公司對估值日期的最佳估計。與權證公正價值估值有關的二項式期權定價模型的重要輸入包括：權證到期日、估值日期的每股公平市值、行使價、無風險利率、股息率、預計行使時間，以及波動率。
泛華控股集團的企業借款
集團將泛華控股集團的企業借款分類爲流動負債，並按公允價值計量。集團將使用原則的公允價值作爲估值技術，劃分爲公允價值衡量的第三級。一般而言，在報告日期之前的期間，對於泛華控股集團的企業借款，活躍市場中沒有報價，也沒有其他直接或間接可觀察的市場輸入。爲了判斷公允價值，集團必須使用折現現金流量法和盈利預測作爲非可觀察輸入，而非活躍市場中的相同或類似資產或負債的報價，或者其他可觀察或可以通過可觀察市場數據在資產或負債的實質完整期內予以證實的輸入。
22. 後續事件
2024年7月，集團收到了寶禾彙總的人民幣本金
2024年8月，該集團償還了人民幣的累計本金
2024年8月，集團與泛華控股集團簽訂了另一份補充協議，將企業向泛華控股集團的債務剩餘期限延長至2026年10月26日。
23. 限制淨資產。
根據中國大陸法律法規，中國大陸公司只能根據其留存收益支付股利，如有的話，按照中國大陸會計準則和法規確定。此外，公司的中國大陸子公司、VIE及VIE的子公司只能在經股東批准後分派股利，且須符合中國大陸分配普通風險準備基金和法定義務剩餘利潤基金的要求。普通風險準備基金和法定義務剩餘利潤基金要求，在支付任何股利之前，應先留存稅後淨利潤的百分之幾。
| F-50 |
附件99.2
管理層的財務狀況和經營結果分析
除非上下文另有要求，在本節中所有提及的「我們」、「我們」或「我們」，是指車車科技公司及其子公司，包括車車科技公司（「CCT」）、寶達方科技有限公司、車車科技（寧波）有限公司（「外資獨資企業」）及將來可能擁有的其他中華人民共和國設立的子公司，以及我司外資獨資企業的合同安排，通常稱爲VIE結構，涉及一個具有可變利益實體（「VIE」）及其子公司（統稱爲「關聯實體」）。您應將本節中有關經營業績和財務狀況的討論和分析與本報告其它地方包括的未經審計的合併財務報表及相關附註一起閱讀。請查看「附件99.1—2023年12月31日和2024年6月30日期間未經審計的中期合併財務報表，以及截至2023年和2024年6月30日期間的六個月」。本討論包含基於當前計劃、期望和信念的前瞻性陳述，涉及風險和不確定性。由於各種因素（包括我們在年度報告中描述的「風險因素」），我們實際的業績可能與這些前瞻性聲明中預期的業績大不相同。此前瞻性聲明均基於2023年12月31日年度報告文件，該文件於2024年4月29日提交給美國證券交易委員會（SEC）。
概述
我們是一家在開曼群島法律下成立的有限責任豁免公司，沒有實質性業務。我們主要通過WFOE在中國開展業務，並通過與關聯實體的合同安排（通常稱爲VIE架構）進行業務。我們是一家保險科技公司，主要在車險交易服務方面運營獨立的技術賦能平台。憑藉在車險交易服務方面的領先地位，我們已經發展成爲一個全國領先的平台，擁有全國範圍的網絡，爲數字保險交易和保險saas概念在中國提供全套服務和產品。我們提供統一的基於雲的平台，爲生態系統中的每個參與者提供相當大的價值主張，包括保險公司、保險中介、第三方平台、推薦合作伙伴和消費者。這些參與者在我們的平台上訪問和使用我們的旗艦數字保險交易產品Easy-Insur（車保易）和NEV保險解決方案，以及保險saas開發方案Digital Surge（澎湃保）和Sky Frontier（天境）。這些產品設計並以不同形式編程，包括移動端、網頁、微信和第三方應用。我們平台的開放架構還實現了這些產品與我們生態系統參與者採用的衆多應用程序、系統和其他產品的互操作性。
我們的淨收入分別爲2023年和2024年截至6月30日的人民幣161040萬和163900萬。我們的淨損失分別爲2023年和2024年截至6月30日的人民幣7220萬和5490萬。我們記錄的調整後淨損失分別爲2023年和2024年截至6月30日的人民幣2780萬和2440萬。有關我們非通用會計準則措施的詳細描述，請參閱「-非通用財務指標」。
下表列出了我們的未經審計的中期摘要綜合損益合併報表，包括絕對金額，以及所示期間。這些信息源自我們的未經審計的中期摘要綜合財務報表，並應一起閱讀。任何期間的經營業績並不一定能反映出任何未來期間可能出現的結果。
| 截至6月30日的六個月 | ||||||||
| 2023 | 2024 | |||||||
| （以千元人民幣計） | ||||||||
| 淨收入 | 1,610,371 | 1,638,986 | ||||||
| 成本和運營費用： | ||||||||
| 收入成本 | (1,551,979 | ) | (1,574,285 | ) | ||||
| 銷售和營銷費用 | (47,755 | ) | (41,661 | ) | ||||
| 一般和管理費用 | (49,694 | ) | (61,753 | ) | ||||
| 研究和開發費用 | (31,303 | ) | (18,525 | ) | ||||
| 總成本和運營費用 | (1,680,731 | ) | (1,696,224 | ) | ||||
| 其他費用： | ||||||||
| 利息收入 | 1,483 | 3,257 | ||||||
| 利息支出 | (541 | ) | (440 | ) | ||||
| 外匯損失 | (6,334 | ) | (1,055 | ) | ||||
| 政府補助 | 7,240 | 234 | ||||||
| 認股權證公允價值的變化 | (127 | ) | 3,376 | |||||
| 應付關聯方金額公允價值的變動 | (3,836 | ) | (3,286 | ) | ||||
| 其他，淨額 | 29 | 180 | ||||||
| 所得稅前虧損 | (72,446 | ) | (54,972 | ) | ||||
| 所得稅抵免 | 258 | 100 | ||||||
| 淨虧損 | (72,188 | ) | (54,872 | ) | ||||
| 非公認會計准則指標： | ||||||||
| 調整後淨虧損 (1) | (27,763 | ) | (24,441 | ) | ||||
| (1) | Adjusted net loss is defined as net loss adjusted for the impact of share-based compensation expenses, amortization of intangible assets, and changes in fair value of amounts due to a related party related to the acquisition of Cheche Insurance Sales & Services Co., Ltd. (previously named Fanhua Times Sales and Service Co., Ltd), change in fair value of warrants, listing related professional service fees and dispute resolution expenses. Adjusted net loss is not a measure required by, or presented in accordance with, U.S. GAAP. The use of the non-GAAP measure has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for analysis of, our results of operations or financial condition as reported under U.S. GAAP. For further details, see “—Non-GAAP Financial Measure.” |
Non-GAAP Financial Measures
We use adjusted net loss, a non-GAAP financial measure, in evaluating our results of operations and for financial and operational decision-making purposes. Adjusted net loss represents net loss excluding share-based compensation expenses, amortization of intangible assets, and changes in fair value of amounts due to a related party related to the acquisition of Cheche Insurance Sales & Services Co., Ltd. (previously named Fanhua Times Sales and Service Co., Ltd), change in fair value of warrants, listing related professional service fees and dispute resolution expenses. Such adjustments have no impact on income tax.
We present the non-GAAP financial measure because it is used by our management to evaluate our operating performance and formulate business plans. Adjusted net loss enables our management to assess our results of operations without considering the impact of share-based compensation expenses, amortization of intangible assets, and changes in fair value of amounts due to a related party related to the acquisition of Cheche Insurance Sales & Services Co., Ltd. (previously named Fanhua Times Sales and Service Co., Ltd), change in fair value of warrants, listing related professional service fees and dispute resolution expenses. We believe that adjusted net loss helps identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that are included in net loss. We also believe that the use of such non-GAAP measure facilitates investors’ assessment of our operating performance. Adjusted net loss should not be considered in isolation or construed as an alternative to net loss or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review the reconciliation of our historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted net loss presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure. Investors are encouraged to compare the historical non-GAAP financial measures with the most directly comparable GAAP measures. We mitigate these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating our performance.
The following tables set forth a reconciliation of our adjusted net loss to net loss for the periods indicated.
| Six Months Ended June 30, | ||||||||
| 2023 | 2024 | |||||||
| (RMB in thousands) | ||||||||
| Net loss | (72,188 | ) | (54,872 | ) | ||||
| Add: | ||||||||
| Share-based compensation expense | 33,875 | 27,116 | ||||||
| Amortization of intangible assets related to acquisition | 1,050 | 1,050 | ||||||
| Listing related professional expenses | 5,537 | - | ||||||
| Changes in fair value of warrant | 127 | (3,376 | ) | |||||
| Changes in fair value of amounts due to related party | 3,836 | 3,286 | ||||||
| Dispute resolution expenses | - | 2,355 | ||||||
| Adjusted net loss | (27,763 | ) | (24,441 | ) | ||||
Six Months Ended June 30, 2024 Compared to Six Months Ended June 30, 2023
Net revenues. Our net revenues increased by 1.8%, from RMB1,610.4 million in the six months ended June 30, 2023 to RMB1,639.0 million in the six months ended June 30, 2024.The growth was driven by the increase in insurance transactions conducted through our platform by referral partners and third-party platform partners.
Cost of revenues. Our cost of revenues increased by 1.4%, from RMB1,552.0 million in the six months ended June 30, 2023 to RMB1,574.3 million in the six months ended June 30, 2024, which was consistent with the growth of business volume and net revenues.
Selling and marketing expenses. Our selling and marketing expenses decreased by 12.8%, from RMB47.8 million in the six months ended June 30, 2023 to RMB41.7 million the six months ended June 30, 2024, primarily due to the decreases in share-based compensation to our marketing staff and marketing expenses. As a result, selling and marketing expenses as a percentage of net revenues decreased from 3.0% in the six months ended June 30, 2023 to 2.5% in the six months ended June 30, 2024. Excluding the impact of share-based compensation expenses to our marketing staff, the percentage would decrease from 2.4% in the six months ended June 30, 2023 to 2.3% in the six months ended June 30, 2024.
General and administrative expenses. Our general and administrative expenses increased by 24.3%, from RMB49.7 million in the six months ended June 30, 2023 to RMB61.8 million in the six months ended June 30, 2024, primarily due to the increases in share-based compensation, post-listing professional service fees, and dispute resolution expenses. As a result, general and administrative expenses as a percentage of net revenues increased from 3.1% in the six months ended June 30, 2023 to 3.8% in the six months ended June 30, 2024. Excluding the impact of share-based compensation, listing-related professional service fees and dispute resolution expenses, the percentage would increase from 1.8% in the six months ended June 30, 2023 to 2.3% in the six months ended June 30, 2024.
Research and development expenses. Our research and development expenses decreased by 40.8%, from RMB31.3 million in the six months ended June 30, 2023 to RMB18.5 million in the six months ended June 30, 2024, mainly driven by decreased share-based compensation expenses and staff costs. As a result, research and development expenses as a percentage of net revenues decreased from 1.9% in the six months ended June 30, 2023 to 1.1% in the six months ended June 30, 2024. Excluding the impact of share-based compensation expenses, the percentage would decrease from 1.4% in the six months ended June 30, 2023 to 1.0% in the six months ended June 30, 2024.
Net loss. As a result of the foregoing, we incurred a net loss of RMB54.9 million in the six months ended June 30, 2024, as compared to a net loss of RMB72.2 million in the six months ended June 30, 2023.
Liquidity and Capital Resources
In the six months ended June 30, 2023, our principal source of liquidity was cash generated from investing activities and short-term borrowings from banks. In the six months ended June 30, 2024, our principal source of liquidity was cash generated from financing activities in 2023.
As of December 31, 2023 and June 30, 2024, we had cash and cash equivalents of RMB243.4 million and RMB133.1 million, respectively. As of December 31, 2023 and June 30, 2024, we had amounts due to related party of RMB55.3 million and RMB58.8 million, respectively.
We believe that we will be able to meet our financing needs for the next twelve months from the date of this this current report, with cash balances of approximately RMB133.1 million and short-term investments of approximately RMB71.5 million as of June 30, 2024, respectively. However, we may require additional funding due to changing business conditions or other future developments, including any investments or acquisitions we may pursue. If our existing cash resources are insufficient to meet our working capital requirements, we may seek to issue equity or equity-linked securities or debt securities or obtain financing from banks and other third parties. The sale of equity or equity-linked securities would result in additional dilution to our shareholders, while the incurrence of indebtedness could subject us to operating and financial covenants that restrict our operations and ability to pay dividends to our shareholders. There is no assurance that we will be successful in raising funds, obtaining sufficient funding on terms acceptable to us, or if at all, which could have a material adverse effect on our business, financial condition and results of operations. See “Item 3. Key Information— D. Risk Factors — Risks Related to Our Securities — The issuance of additional share capital in connection with financings, acquisitions, investments, our equity incentive plans or otherwise will dilute all other shareholders” of the Annual Report.
The following table sets forth a summary of our cash flows for the periods indicated:
| Six Months Ended June 30, | ||||||||
| 2023 | 2024 | |||||||
| (RMB in thousands) | ||||||||
| Net cash used in operating activities | (7,591 | ) | (44,675 | ) | ||||
| Net cash generated from/(used in) investing activities | 20,204 | (61,462 | ) | |||||
| Net cash generated from/(used in) financing activities | 20,000 | (5,000 | ) | |||||
| Effect of foreign exchange rate changes on cash and cash equivalents | 2,394 | 862 | ||||||
| Net increase/(decrease) in cash, cash equivalents and restricted cash | 35,007 | (110,275 | ) | |||||
| Cash and cash equivalents, and restricted cash at beginning of the period | 119,945 | 248,392 | ||||||
| Cash and cash equivalents, and restricted cash at end of the period | 154,952 | 138,117 | ||||||
Operating Activities
Net cash used in operating activities for the six months ended June 30, 2024 was RMB44.7 million, primarily due a net loss of RMB54.9 million, as adjusted by (1) adjustments primarily consisting of share-based compensation expense of RMB27.1 million, changes in fair value of amounts due to related party of RMB3.3 million, amortization of right-of-use asset of RMB2.8 million, partially offset by changes in fair value of warrant of RMB3.4 million, and (2) net cash outflow of RMB23.5 million from changes in operating assets and liabilities, primarily due to an increase of RMB174.6 million in accounts receivable, a decrease of RMB2.2 million in accrued expenses and other current liabilities, partially offset by an increase of RMB150.7 million in account payable, and a decrease of RMB4.1 million in prepayments and other current assets.
Net cash used in operating activities for the six months ended June 30, 2023 was RMB7.6 million, primarily due to a net loss of RMB72.2 million, as adjusted by (1) adjustments primarily consisting of share-based compensation expense of RMB33.9 million, foreign exchange losses of RMB6.3 million, amortization of right-of-use asset of RMB4.5 million, and changes in fair value of amounts due to related party of RMB3.8 million, and (2) net cash inflow of RMB14.2 million from changes in operating assets and liabilities, primarily driven by an increase of RMB54.0 million in accounts payable and an increase of salary and welfare benefits payable of RMB3.5 million, partially offset by an increase of RMB27.3 million in accounts receivable, a decrease of RMB9.9 million in accrued expenses and other current liabilities, and a decrease of RMB4.8 million in lease liabilities.
Investing Activities
Net cash used in investing activities for the six months ended June 30, 2024 was RMB61.5 million, primarily due to (1) the placement of short-term investments of RMB85.7 million, and (2) loan provide to a third party of RMB10.0 million, partially offset by the cash received from maturities of short-term investments of RMB35.6 million.
Net cash generated from investing activities for the six months ended June 30, 2023 was RMB20.2 million, primarily due to the cash received from maturities of short-term investments of RMB34.8 million, partially offset by the placement of short-term investments of RMB14.5 million.
Financing Activities
Net cash used in financing activities for the six months ended June 30, 2024 was RMB5.0 million, primarily due to cash repayment of short-term borrowings to bank of RMB20.0 million, partially offset by cash received from short-term borrowings from bank of RMB15.0 million.
Net cash generated from financing activities for the six months ended June 30, 2023 was RMB20.0 million, primarily due to the cash received from short-term borrowings from banks.
Capital Expenditures
We incur capital expenditures primarily for purchases of property and equipment. Our capital expenditures were RMB0.2 million and RMB1.4 million in the six months ended June 30, 2023 and 2024, respectively. We will continue to incur capital expenditures to support the growth of our business.
Financial Information Related to the VIEs
The following table presents the unaudited condensed consolidating balance sheet information relating to Cheche Group Inc., and CCT (collectively, the “Parent Company”), WFOE, CCT’s subsidiaries (other than WFOE), the VIE and its subsidiaries for the periods and as of the dates presented.
Selected Condensed Consolidating Statements of Operations Data
| Six months ended June 30, 2024 | ||||||||||||||||||||||||
Parent Company | Other subsidiaries | WFOE | VIE and its subsidiaries | Eliminations | Consolidated totals | |||||||||||||||||||
| (RMB in thousands) | ||||||||||||||||||||||||
| Net revenues | - | 261,759 | 743 | 1,381,944 | (5,460 | ) | 1,638,986 | |||||||||||||||||
| Earned from third-party customers | - | 261,759 | - | 1,377,227 | - | 1,638,986 | ||||||||||||||||||
| Earned from the intra-Group transactions(1) | - | - | 743 | 4,717 | (5,460 | ) | - | |||||||||||||||||
| Cost of revenues | - | (250,424 | ) | (592 | ) | (1,327,986 | ) | 4,717 | (1,574,285 | ) | ||||||||||||||
| Arising from non intra-Group transactions | - | (245,707 | ) | (592 | ) | (1,327,986 | ) | - | (1,574,285 | ) | ||||||||||||||
| Arising from the intra-Group transactions(1) | - | (4,717 | ) | - | - | 4,717 | - | |||||||||||||||||
| Selling and marketing expenses | - | (7,533 | ) | - | (34,871 | ) | 743 | (41,661 | ) | |||||||||||||||
| Arising from non intra-Group transactions | - | (7,533 | ) | - | (34,128 | ) | - | (41,661 | ) | |||||||||||||||
| Arising from the intra-Group transactions(1) | - | - | - | (743 | ) | 743 | - | |||||||||||||||||
| General and administrative expenses | (12,411 | ) | (9,593 | ) | (156 | ) | (39,593 | ) | - | (61,753 | ) | |||||||||||||
| Research and development expenses | - | (8,190 | ) | - | (10,335 | ) | - | (18,525 | ) | |||||||||||||||
| Total operating costs and expense | (12,411 | ) | (275,740 | ) | (748 | ) | (1,412,785 | ) | 5,460 | (1,696,224 | ) | |||||||||||||
| Operating loss | (12,411 | ) | (13,981 | ) | (5 | ) | (30,841 | ) | - | (57,238 | ) | |||||||||||||
| Share of loss from other subsidiaries(2) | (48,672 | ) | - | - | - | 48,672 | - | |||||||||||||||||
| Share of loss of the WFOE(2) | - | (35,354 | ) | - | - | 35,354 | - | |||||||||||||||||
| Share of loss of the VIE(2) | - | - | (35,394 | ) | - | 35,394 | - | |||||||||||||||||
| Interest income from VIE(3) | 900 | 38 | 42 | - | (980 | ) | - | |||||||||||||||||
| Interest expense to WFOE(3) | - | - | - | (42 | ) | 42 | - | |||||||||||||||||
| Interest expense to Parent(3) | - | - | - | (900 | ) | 900 | - | |||||||||||||||||
| Interest expense to other subsidiaries(3) | - | - | - | (38 | ) | 38 | - | |||||||||||||||||
| Others, net | 5,474 | 625 | 3 | (3,836 | ) | - | 2,266 | |||||||||||||||||
| Loss before income taxes | (54,709 | ) | (48,672 | ) | (35,354 | ) | (35,657 | ) | 119,420 | (54,972 | ) | |||||||||||||
| Income tax expense | (163 | ) | - | - | 263 | - | 100 | |||||||||||||||||
| Net loss | (54,872 | ) | (48,672 | ) | (35,354 | ) | (35,394 | ) | 119,420 | (54,872 | ) | |||||||||||||
| Six months ended June 30, 2023 | ||||||||||||||||||||||||
Parent Company | Other subsidiaries | WFOE | VIE and its subsidiaries | Eliminations | Consolidated totals | |||||||||||||||||||
| (RMB in thousands) | ||||||||||||||||||||||||
| Net revenues | - | 71,226 | 852 | 1,545,299 | (7,006 | ) | 1,610,371 | |||||||||||||||||
| Earned from third-party customers | - | 71,226 | 135 | 1,539,010 | - | 1,610,371 | ||||||||||||||||||
| Earned from the intra-Group transactions(1) | - | - | 717 | 6,289 | (7,006 | ) | - | |||||||||||||||||
| Cost of revenues | - | (74,611 | ) | (2,786 | ) | (1,480,871 | ) | 6,289 | (1,551,979 | ) | ||||||||||||||
| Arising from non intra-Group transactions | - | (68,322 | ) | (2,786 | ) | (1,480,871 | ) | - | (1,551,979 | ) | ||||||||||||||
| Arising from the intra-Group transactions(1) | - | (6,289 | ) | - | - | 6,289 | - | |||||||||||||||||
| Selling and marketing expenses | - | (11,933 | ) | - | (35,822 | ) | - | (47,755 | ) | |||||||||||||||
| General and administrative expenses(1) | (5,560 | ) | (7,820 | ) | (214 | ) | (36,817 | ) | 717 | (49,694 | ) | |||||||||||||
| Research and development expenses | - | (9,660 | ) | - | (21,643 | ) | - | (31,303 | ) | |||||||||||||||
| Total operating costs and expense | (5,560 | ) | (104,024 | ) | (3,000 | ) | (1,575,153 | ) | 7,006 | (1,680,731 | ) | |||||||||||||
| Operating loss | (5,560 | ) | (32,798 | ) | (2,148 | ) | (29,854 | ) | - | (70,360 | ) | |||||||||||||
| Share of loss from other subsidiaries(2) | (67,132 | ) | - | - | - | 67,132 | - | |||||||||||||||||
| Share of loss of the WFOE(2) | - | (38,082 | ) | - | - | 38,082 | - | |||||||||||||||||
| Share of loss of the VIE(2) | - | - | (35,985 | ) | - | 35,985 | - | |||||||||||||||||
| Interest income from VIE(3) | 873 | 324 | 50 | - | (1,247 | ) | - | |||||||||||||||||
| Interest expense to WFOE(3) | - | - | - | (50 | ) | 50 | - | |||||||||||||||||
| Interest expense to Parent(3) | - | - | - | (873 | ) | 873 | - | |||||||||||||||||
| Interest expense to other subsidiaries(3) | - | - | - | (324 | ) | 324 | - | |||||||||||||||||
| Others, net | (369 | ) | 3,428 | 1 | (5,146 | ) | - | (2,086 | ) | |||||||||||||||
| Loss before income taxes | (72,188 | ) | (67,128 | ) | (38,082 | ) | (36,247 | ) | 141,199 | (72,446 | ) | |||||||||||||
| Income tax expense | - | (4 | ) | - | 262 | - | 258 | |||||||||||||||||
| Net loss | (72,188 | ) | (67,132 | ) | (38,082 | ) | (35,985 | ) | 141,199 | (72,188 | ) | |||||||||||||
Selected Condensed Consolidating Balance Sheets Data
| As of June 30, 2024 | ||||||||||||||||||||||||
Parent Company | Other subsidiaries | WFOE | VIE and its subsidiaries | Eliminations | Consolidated totals | |||||||||||||||||||
| (RMB in thousands) | ||||||||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||
| Current assets: | ||||||||||||||||||||||||
| Cash and cash equivalents | 42,757 | 18,711 | 1,186 | 70,463 | - | 133,117 | ||||||||||||||||||
| Short-term investments | 64,141 | 7,127 | - | 226 | - | 71,494 | ||||||||||||||||||
| Accounts receivable, net | - | 110,291 | - | 528,942 | - | 639,233 | ||||||||||||||||||
| Prepayments and other current assets | 1,093 | 3,746 | 216 | 47,857 | - | 52,912 | ||||||||||||||||||
| Amount due from Parent(4) | - | - | - | 2,990 | (2,990 | ) | - | |||||||||||||||||
| Amount due from other subsidiaries (4) | - | - | - | 178 | (178 | ) | - | |||||||||||||||||
| Amount due from VIE and its subsidiaries(4) | 879 | 164,157 | 18,056 | - | (183,092 | ) | - | |||||||||||||||||
| Total current assets | 108,870 | 304,032 | 19,458 | 650,656 | (186,260 | ) | 896,756 | |||||||||||||||||
| Non-current assets: | ||||||||||||||||||||||||
| Restricted cash | - | - | - | 5,000 | - | 5,000 | ||||||||||||||||||
| Amount due from other subsidiaries(4) | 458,475 | - | - | - | (458,475 | ) | - | |||||||||||||||||
| Amount due from VIE and its subsidiaries(4) | 184,692 | 40,000 | - | - | (224,692 | ) | - | |||||||||||||||||
| Property, equipment and leasehold improvement, net | - | 282 | - | 2,197 | - | 2,479 | ||||||||||||||||||
| Intangible assets, net | - | - | - | 7,000 | - | 7,000 | ||||||||||||||||||
| Right-of-use assets | - | 1,716 | - | 8,305 | - | 10,021 | ||||||||||||||||||
| Goodwill | - | - | - | 84,609 | - | 84,609 | ||||||||||||||||||
| Other non-current assets | 3,908 | - | - | - | - | 3,908 | ||||||||||||||||||
| Total non-current assets | 647,075 | 41,998 | - | 107,111 | (683,167 | ) | 113,017 | |||||||||||||||||
| Total assets | 755,945 | 346,030 | 19,458 | 757,767 | (869,427 | ) | 1,009,773 | |||||||||||||||||
| LIABILITIES AND INVESTED EQUITY/SHAREHOLDERS’EQUITY | ||||||||||||||||||||||||
| Current liabilities: | ||||||||||||||||||||||||
| Accounts payable | - | 124,832 | - | 342,720 | - | 467,552 | ||||||||||||||||||
| Short-term borrowings | - | 10,000 | - | 5,000 | - | 15,000 | ||||||||||||||||||
| Contract liabilities | - | 3,271 | - | 3 | - | 3,274 | ||||||||||||||||||
| Salary and welfare benefits payable | - | 16,330 | 639 | 56,344 | - | 73,313 | ||||||||||||||||||
| Tax payable | - | 356 | - | 519 | - | 875 | ||||||||||||||||||
| Amounts due to related party | - | - | - | 58,801 | - | 58,801 | ||||||||||||||||||
| Accrued expenses and other current liabilities | 8,062 | 1,030 | - | 14,360 | - | 23,452 | ||||||||||||||||||
| Short-term lease liabilities | - | 1,367 | - | 3,363 | - | 4,730 | ||||||||||||||||||
| Warrant | 1 | - | - | - | - | 1 | ||||||||||||||||||
| Amount due to other subsidiaries(4) | - | - | - | 164,157 | (164,157 | ) | - | |||||||||||||||||
| Amount due to VIE and its subsidiaries(4) | 2,990 | 178 | - | - | (3,168 | ) | - | |||||||||||||||||
| Amount due to parent(4) | - | - | - | 879 | (879 | ) | - | |||||||||||||||||
| Amount due to WOFE(4) | - | - | - | 6,456 | (6,456 | ) | - | |||||||||||||||||
| Deficit in other subsidiaries(5) | 389,784 | - | - | - | (389,784 | ) | - | |||||||||||||||||
| Deficit in WOFE(5) | - | 119,975 | - | - | (119,975 | ) | - | |||||||||||||||||
| Deficit in VIE and its subsidiaries(5) | - | - | 138,794 | - | (138,794 | ) | - | |||||||||||||||||
| Total current liabilities | 400,837 | 277,339 | 139,433 | 652,602 | (823,213 | ) | 646,998 | |||||||||||||||||
| Non-current liabilities: | ||||||||||||||||||||||||
| Deferred tax liabilities | - | - | - | 1,750 | - | 1,750 | ||||||||||||||||||
| Long-term lease liabilities | - | - | - | 4,485 | - | 4,485 | ||||||||||||||||||
| Amount due to parent(4) | - | 458,475 | - | 184,692 | (643,167 | ) | - | |||||||||||||||||
| Amount due to other subsidiaries(4) | - | - | - | 40,000 | (40,000 | ) | - | |||||||||||||||||
| Amount due to WFOE(4) | - | - | - | 11,600 | (11,600 | ) | - | |||||||||||||||||
| Deferred revenue | - | - | - | 1,432 | - | 1,432 | ||||||||||||||||||
| Warrant | 2,921 | - | - | - | - | 2,921 | ||||||||||||||||||
| Total non-current liabilities | 2,921 | 458,475 | - | 243,959 | (694,767 | ) | 10,588 | |||||||||||||||||
| Total liabilities | 403,758 | 735,814 | 139,433 | 896,561 | (1,517,980 | ) | 657,586 | |||||||||||||||||
| Total shareholders’ equity | 352,187 | (389,784 | ) | (119,975 | ) | (138,794 | ) | 648,553 | 352,187 | |||||||||||||||
| Total liabilities, mezzanine equity and shareholders’ equity | 755,945 | 346,030 | 19,458 | 757,767 | (869,427 | ) | 1,009,773 | |||||||||||||||||
| As of December 31, 2023 | ||||||||||||||||||||||||
Parent Company | Other subsidiaries | WFOE | VIE and its subsidiaries | Eliminations | Consolidated totals | |||||||||||||||||||
| (RMB in thousands) | ||||||||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||
| Current assets: | ||||||||||||||||||||||||
| Cash and cash equivalents | 119,033 | 36,769 | 1,260 | 86,330 | - | 243,392 | ||||||||||||||||||
| Short-term investments | - | 21,248 | - | 226 | - | 21,474 | ||||||||||||||||||
| Accounts receivable, net | - | 20,125 | - | 445,941 | - | 466,066 | ||||||||||||||||||
| Prepayments and other current assets | 1,118 | 6,671 | (163 | ) | 41,695 | - | 49,321 | |||||||||||||||||
| Amount due from Parent(4) | - | - | - | 2,972 | (2,972 | ) | - | |||||||||||||||||
| Amount due from WFOE(4) | - | - | - | 1,603 | (1,603 | ) | - | |||||||||||||||||
| Amount due from VIE and its subsidiaries(4) | 1,520 | 159,709 | - | - | (161,229 | ) | - | |||||||||||||||||
| Total current assets | 121,671 | 244,522 | 1,097 | 578,767 | (165,804 | ) | 780,253 | |||||||||||||||||
| Non-current assets: | ||||||||||||||||||||||||
| Restricted cash | - | - | - | 5,000 | - | 5,000 | ||||||||||||||||||
| Amount due from other subsidiaries(4) | 455,638 | - | - | - | (455,638 | ) | - | |||||||||||||||||
| Amount due from VIE and its subsidiaries(4) | 182,652 | 41,438 | 20,381 | - | (244,471 | ) | - | |||||||||||||||||
| Property, equipment and leasehold improvement, net | - | 446 | - | 1,221 | - | 1,667 | ||||||||||||||||||
| Intangible assets, net | - | - | - | 8,050 | - | 8,050 | ||||||||||||||||||
| Right-of-use assets | - | 3,182 | - | 7,067 | - | 10,249 | ||||||||||||||||||
| Goodwill | - | - | - | 84,609 | - | 84,609 | ||||||||||||||||||
| Other non-current assets | 4,149 | - | - | - | - | 4,149 | ||||||||||||||||||
| Total non-current assets | 642,439 | 45,066 | 20,381 | 105,947 | (700,109 | ) | 113,724 | |||||||||||||||||
| Total assets | 764,110 | 289,588 | 21,478 | 684,714 | (865,913 | ) | 893,977 | |||||||||||||||||
| LIABILITIES AND INVESTED | ||||||||||||||||||||||||
| EQUITY/SHAREHOLDERS’EQUITY | ||||||||||||||||||||||||
| Current liabilities: | ||||||||||||||||||||||||
| Accounts payable | - | 33,245 | 76 | 283,547 | - | 316,868 | ||||||||||||||||||
| Short-term borrowings | - | 10,000 | - | 10,000 | - | 20,000 | ||||||||||||||||||
| Contract liabilities | - | 3,669 | - | 626 | - | 4,295 | ||||||||||||||||||
| Salary and welfare benefits payable | - | 15,093 | 638 | 57,878 | - | 73,609 | ||||||||||||||||||
| Tax payable | - | 325 | 1 | 624 | - | 950 | ||||||||||||||||||
| Amounts due to related party | - | - | - | 55,251 | - | 55,251 | ||||||||||||||||||
| Accrued expenses and other current liabilities | 11,310 | 2,564 | 381 | 11,504 | - | 25,759 | ||||||||||||||||||
| Short-term lease liabilities | - | 1,647 | - | 2,304 | - | 3,951 | ||||||||||||||||||
| Warrant | 850 | - | - | - | - | 850 | ||||||||||||||||||
| Amount due to other subsidiaries(4) | - | - | - | 157,128 | (157,128 | ) | - | |||||||||||||||||
| Amount due to VIE and its subsidiaries(4) | 2,972 | 2,581 | 1,603 | - | (7,156 | ) | - | |||||||||||||||||
| Amount due to parent(4) | - | - | - | 1,520 | (1,520 | ) | - | |||||||||||||||||
| Deficit in other subsidiaries(5) | 365,377 | - | - | - | (365,377 | ) | - | |||||||||||||||||
| Deficit in WOFE(5) | - | 129,355 | - | - | (129,355 | ) | - | |||||||||||||||||
| Deficit in VIE and its subsidiaries(5) | - | - | 148,134 | - | (148,134 | ) | - | |||||||||||||||||
| Total current liabilities | 380,509 | 198,479 | 150,833 | 580,382 | (808,670 | ) | 501,533 | |||||||||||||||||
| Non-current liabilities: | ||||||||||||||||||||||||
| Deferred tax liabilities | - | - | - | 2,013 | - | 2,013 | ||||||||||||||||||
| Long-term lease liabilities | - | 848 | - | 4,550 | - | 5,398 | ||||||||||||||||||
| Amount due to parent(4) | - | 455,638 | - | 182,652 | (638,290 | ) | - | |||||||||||||||||
| Amount due to other subsidiaries(4) | - | - | - | 41,438 | (41,438 | ) | - | |||||||||||||||||
| Amount due to WFOE(4) | - | - | - | 20,381 | (20,381 | ) | - | |||||||||||||||||
| Deferred revenue | - | - | - | 1,432 | - | 1,432 | ||||||||||||||||||
| Warrant | 5,419 | - | - | - | - | 5,419 | ||||||||||||||||||
| Total non-current liabilities | 5,419 | 456,486 | - | 252,466 | (700,109 | ) | 14,262 | |||||||||||||||||
| Total liabilities | 385,928 | 654,965 | 150,833 | 832,848 | (1,508,779 | ) | 515,795 | |||||||||||||||||
| Total shareholders’ equity | 378,182 | (365,377 | ) | (129,355 | ) | (148,134 | ) | 642,866 | 378,182 | |||||||||||||||
| Total liabilities, mezzanine equity and shareholders’ equity | 764,110 | 289,588 | 21,478 | 684,714 | (865,913 | ) | 893,977 | |||||||||||||||||
Summary Condensed Consolidating Cash Flows Data
| Six months ended June 30, 2024 | ||||||||||||||||||||||||
Parent Company | other subsidiaries | WFOE | VIE and its subsidiaries | Eliminations | Consolidated totals | |||||||||||||||||||
| (RMB in thousands) | ||||||||||||||||||||||||
| Net cash provided by/received from transactions with intra-group companies(1) | - | (82,000 | ) | (7,612 | ) | 89,612 | - | - | ||||||||||||||||
| Other operating activities | (12,703 | ) | (21,484 | ) | (863 | ) | (9,625 | ) | - | (44,675 | ) | |||||||||||||
| Net cash (used in)/provided by operating activities | (12,703 | ) | (103,484 | ) | (8,475 | ) | 79,987 | - | (44,675 | ) | ||||||||||||||
| Repayment of the investments in and loans from VIE and its subsidiaries(6) | - | 71,021 | 8,400 | - | (79,421 | ) | - | |||||||||||||||||
| Purchase of property, equipment and leasehold improvement | - | (9 | ) | - | (1,433 | ) | - | (1,442 | ) | |||||||||||||||
| Loan provide to a third party | - | - | - | (10,000 | ) | - | (10,000 | ) | ||||||||||||||||
| Placement of short-term investments | (64,274 | ) | (21,380 | ) | - | - | - | (85,654 | ) | |||||||||||||||
| Proceeds from short-term investments | - | 35,634 | - | - | - | 35,634 | ||||||||||||||||||
| Net cash provided by/(used in) investing activities | (64,274 | ) | 85,266 | 8,400 | (11,433 | ) | (79,421 | ) | (61,462 | ) | ||||||||||||||
| Repayment to other subsidiaries(6) | - | - | - | (71,021 | ) | 71,021 | - | |||||||||||||||||
| Repayment to WFOE | - | - | - | (8,400 | ) | 8,400 | - | |||||||||||||||||
| Cash received from short-term borrowings from bank | - | 10,000 | - | 5,000 | - | 15,000 | ||||||||||||||||||
| Cash repayments of short-term borrowings to bank | - | (10,000 | ) | - | (10,000 | ) | - | (20,000 | ) | |||||||||||||||
| Net cash provided by/(used in) financing activities | - | - | - | (84,421 | ) | 79,421 | (5,000 | ) | ||||||||||||||||
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 701 | 160 | 1 | - | - | 862 | ||||||||||||||||||
| Net decrease in cash and cash equivalents and restricted cash | (76,276 | ) | (18,058 | ) | (74 | ) | (15,867 | ) | - | (110,275 | ) | |||||||||||||
| Cash, cash equivalents and restricted cash at the beginning of the period | 119,033 | 36,769 | 1,260 | 91,330 | - | 248,392 | ||||||||||||||||||
| Cash, cash equivalents and restricted cash at the end of the period | 42,757 | 18,711 | 1,186 | 75,463 | - | 138,117 | ||||||||||||||||||
| (1) | Represents the elimination of the intercompany licensing and other services charge at the consolidation level. In the six months ended June 30, 2024, the total amount of the service fees that charged by VIE under the relevant agreements was RMB4.7 million. In the six months ended June 30, 2024, the total amount of the service fees that the other subsidiaries paid to VIE under the relevant agreements was RMB89.6 million. |
| (2) | Represents the elimination of incurrence of losses by parent company, other subsidiaries and WFOE for their respective subsidiaries, WFOE and VIE and its subsidiaries. |
| (3) | Represents the elimination of interest income / expense from intercompany loans at the consolidation level. |
| (4) | Represents the elimination of intercompany balances among CCT, other subsidiaries, WFOE and the VIE and its subsidiaries. The balances as of June 30, 2024 were related to intercompany loans and prepayment related service charges under certain service agreements. |
| (5) | Represents the elimination of the deficit in other subsidiaries, WOFE and VIE and its subsidiaries by parent company, other subsidiaries and WFOE. |
| (6) | Represents the elimination of intra-group investments and loans related cash activities among other subsidiaries, WFOE, and the VIE and its subsidiaries. During the six months ended June 30, 2024, (i) the repayment of the investments in and loans from VIE and its subsidiaries to other subsidiaries was RMB71.0 million, and (ii) the repayment of the investments in and loans from VIE and its subsidiaries to WOFE was RMB8.4 million. |
| Six months ended June 30, 2023 | ||||||||||||||||||||||||
Parent Company | other subsidiaries | WFOE | VIE and its subsidiaries | Eliminations | Consolidated totals | |||||||||||||||||||
| (RMB in thousands) | ||||||||||||||||||||||||
| Net cash provided by/received from transactions with intra-group companies(1) | - | (40,400 | ) | 2,274 | 38,126 | - | - | |||||||||||||||||
| Other operating activities | (11,992 | ) | (15,463 | ) | (2,542 | ) | 22,406 | - | (7,591 | ) | ||||||||||||||
| Net cash (used in)/provided by operating activities | (11,992 | ) | (55,863 | ) | (268 | ) | 60,532 | - | (7,591 | ) | ||||||||||||||
| Repayment of the investments in and loans from other subsidiaries(6) | 11,128 | - | - | - | (11,128 | ) | - | |||||||||||||||||
| Repayment of the investments in and loans from VIE and its subsidiaries(6) | - | 15,000 | - | - | (15,000 | ) | - | |||||||||||||||||
| Purchase of property, equipment and leasehold improvement | - | (67 | ) | - | (104 | ) | - | (171 | ) | |||||||||||||||
| Placement of short-term investments | - | (14,452 | ) | - | - | - | (14,452 | ) | ||||||||||||||||
| Proceeds from short-term investments | - | 34,823 | - | - | - | 34,823 | ||||||||||||||||||
| Proceeds from disposal of fixed assets, intangible assets and other long-term assets | - | - | - | 4 | - | 4 | ||||||||||||||||||
| Net cash provided by/(used in) investing activities | 11,128 | 35,304 | - | (100 | ) | (26,128 | ) | 20,204 | ||||||||||||||||
| Repayment to parent company(6) | - | (11,128 | ) | - | - | 11,128 | - | |||||||||||||||||
| Repayment to other subsidiaries | - | - | - | (15,000 | ) | 15,000 | - | |||||||||||||||||
| Cash received from short-term borrowings to third parties | - | 10,000 | - | 10,000 | - | 20,000 | ||||||||||||||||||
| Net cash provided by/(used in) financing activities | - | (1,128 | ) | - | (5,000 | ) | 26,128 | 20,000 | ||||||||||||||||
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 22 | 2,372 | - | - | - | 2,394 | ||||||||||||||||||
| Net (decrease) /increase in cash and cash equivalents and restricted cash | (842 | ) | (19,315 | ) | (268 | ) | 55,432 | - | 35,007 | |||||||||||||||
| Cash, cash equivalents and restricted cash at the beginning of the period | 1,008 | 98,624 | 419 | 19,894 | - | 119,945 | ||||||||||||||||||
| Cash, cash equivalents and restricted cash at the end of the period | 166 | 79,309 | 151 | 75,326 | - | 154,952 | ||||||||||||||||||
| (1) | Represents the elimination of the intercompany licensing and other services charge at the consolidation level. In the six months ended June 30, 2023, the total amount of the service fees that charged by VIE under the relevant agreements was RMB6.3 million. In the six months ended June 30, 2023, the total amount of the service fees that the other subsidiaries paid to VIE under the relevant agreements was RMB38.1 million. |
| (2) | Represents the elimination of incurrence of losses by parent company, other subsidiaries and WFOE for their respective subsidiaries, WFOE and VIE and its subsidiaries. |
| (3) | Represents the elimination of interest income/expense from intercompany loans at the consolidation level. |
| (4) | Represents the elimination of intercompany balances among CCT, other subsidiaries, WFOE and the VIE and its subsidiaries. The balances as of December 31, 2023 were related to intercompany loans and prepayment related service charges under certain service agreements. |
| (5) | Represents the elimination of the deficit in other subsidiaries, WOFE and VIE and its subsidiaries by parent company, other subsidiaries and WFOE. |
| (6) | Represents the elimination of intra-group investments and loans related cash activities among CCT, other subsidiaries, and the VIE and its subsidiaries. During the six months ended June 30, 2023, (i) the repayment of the investments in and loans from other subsidiaries to CCT was RMB11.1 million, and (ii) the repayment of the investments in and loans from VIE and its subsidiaries to CCT was RMB15.0 million. |
Contractual Obligations
The following table sets forth our contractual obligations and commitments as of June 30, 2024.
| Payments Due by | ||||||||||||
| Total | 2024-2027 | Thereafter | ||||||||||
| (RMB in thousands) | ||||||||||||
| Operating lease commitments | 11,305 | 11,305 | - | |||||||||
| Amounts due to related party | 60,596 | 60,596 | - | |||||||||
| Total contractual obligations | 71,901 | 71,901 | - | |||||||||
Off-Balance Sheet Arrangements
We have not entered, and does not expect to enter, into any off-balance sheet arrangements. We have also not entered into any financial guarantees or other commitments to guarantee the payment obligations of third parties. In addition, we have not entered into any derivative contracts indexed to equity interests and classified as shareholders’ equity.
Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or that engages in leasing, hedging or research and development services with us.
Risk Factors
This section includes material updates in certain risks relating to us since April 29, 2024, the date of the Annual Report. This section is a supplement to and should be read in conjunction with the section titled “Risk Factors” included in the Annual Report.
Misconduct or other improper activities by, or regulatory penalties imposed on, our employees, ecosystem participants and other third-party service providers could materially and adversely affect our business and reputation and hinder our securities trading or capital-raising activities, which would in turn cause the value of our securities to significantly decline or be worthless.
Our employees, ecosystem participants and other third-party service providers may engage in misconduct or other improper activities, which could subject us to financial losses or regulatory sanctions and damage our reputation. Misconduct could include unauthorized activities resulting in unknown risks or losses, improper use of confidential or private information, or fraudulent and other illegal or improper activities. It is not always possible to deter misconduct that occurs on our platform, and the precautions that we take to prevent and detect this activity may not be effective in all cases.
For example, we cooperate with referral partners to attract potential insurance purchasers to our platform. These referral partners help consumers purchase insurance policies through our platform. As a result, consumers may associate these referral partners with us and hold us accountable for their misconduct. We are also subject to the risk of fraudulent activities by consumers, who may provide us with inaccurate or misleading information or engage in other improper activities through our platform. Furthermore, our SaaS solution products offered to insurance carriers and insurance intermediaries are used in a wide variety of network environments. Such SaaS solution products may be intentionally misused or abused by customers, their employees or third parties who access or use our solution products. Misconduct or other improper activities by our employees and ecosystem participants could damage our brand and reputation, discourage ecosystem participants from using our services and require us to take additional steps to reduce improper and illegal activities on our platform, which could significantly increase our costs.
We also engage third-party service providers for certain professional services, such as audit, legal, tax, and consultancy services. If any of such third-party service providers is subject to regulatory penalties or is found in violation of any applicable rules and regulations, their ability to provide services to us could be materially and adversely affected. For example, on September 13, 2024, the Chinese regulators have imposed administrative penalties on our auditor for works unrelated to us. Such administrative penalties include a six-month suspension on certain business operations of our auditor in mainland China. We may not be able to find alternative third-party service providers on a timely basis or on terms favorable to us, to the extent necessary or desirable, which may have a material adverse effect on our operations and the trading price of our securities. In addition, if we encounter difficulties in locating or transitioning to a replacement auditor if and when it is necessary or desirable, we may be unable to comply with the SEC disclosure requirements, including those under the Securities Exchange Act of 1934 (the “Exchange Act”), in a timely manner. As a result, our ability to facilitate an orderly trading market of our securities or offer securities to investors in capital raising activities could be significantly limited or completely hindered, which would in turn cause the value of our securities to significantly decline or be worthless.
Cautionary Statement Regarding Forward-Looking Statements
This current report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this current report, including statements regarding our future financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other similar expressions. Forward-looking statements include, without limitation, our expectations concerning the outlook for our business, plans and goals for future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning our possible or assumed future results of operations as set forth in this Form 6-K.
Forward-looking statements involve a number of risks, uncertainties and assumptions, and actual results or events may differ materially from those projected or implied in those statements. Important factors that could cause such differences include, but are not limited to:
| ● | the outcome of any legal proceedings that have been or may be instituted against us; | |
| ● | the ability to maintain the listing of the Class A Ordinary Shares on the Nasdaq; | |
| ● | our markets are rapidly evolving and may decline or experience limited growth; | |
| ● | our ability to retain and expand our customer base; | |
| ● | our ability to compete effectively in the markets in which we operate; | |
| ● | our relationships with insurance carriers, referral partners and consumers; | |
| ● | failure to maintain and enhance our brand; | |
| ● | failure to prevent security breaches or unauthorized access to our or our third-party service providers’ data; | |
| ● | the rapidly changing and increasingly stringent laws, contractual obligations and industry standards relating to privacy, data protection and data security; | |
| ● | risks related to our corporate structure, in particular the VIE structure; and | |
| ● | the other matters described in the section titled “Risk Factors” of the Annual Report. |
We caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available to us as of the date a forward-looking statement is made. Forward-looking statements set forth herein speak only as of the date of this current report. We do not undertake any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that we will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, in our public filings with the SEC, which are accessible at www.sec.gov, and which you are advised to consult.