← RLX Technology Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $40.9m |
($31.2m)
-176.33%
|
($287k)
+99.08%
|
$47.7m
+16736.93%
|
($19.6m)
-141.11%
|
$317.7m
+1718.47%
|
$209.0m
-34.23%
|
$75.3m
-63.98%
|
$75.6m
+0.46%
|
$131.8m
+74.37%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $40.9m |
($31.2m)
-176.33%
|
($287k)
+99.08%
|
$47.7m
+16736.93%
|
($128.1m)
-368.29%
|
$2.0b
+1683.22%
|
$1.4b
-28.94%
|
$534.3m
-62.93%
|
$551.8m
+3.28%
|
$854.1m
+54.77%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $47.7m | ($19.6m) | $318.3m | $204.2m | $76.2m | $77.3m | $133.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $535k | ($4.7m) | $938k | $1.7m | $1.8m | — | |
| Amortization of Intangible Assets | — | — | $0 | $776k | $520k | $749k | $778k | $1.3m | $1.7m | $4.2m | — | |
| Depreciation | $955k | $857k | $1.1m | $2.4m | $3.0m | $6.4m | $11.0m | $5.3m | $3.8m | $4.4m | $53.4m | |
| Depreciation of property, equipment and leasehold improvement | — | — | $0 | $2.4m | $19.7m | $40.9m | $76.0m | $37.6m | $27.7m | $30.9m | $56.5m | |
| Amortization of right-of-use assets | — | — | $37k | $10.3m | $39.4m | $67.9m | $83.1m | $50.1m | $35.5m | $31.2m | — | |
| Amortization of offering cost of warrants | — | — | — | — | $0 | $12.6m | $0 | $1.5m | $0 | — | — | |
| Amortization of right of use assets | — | — | $0 | $0 | $1.4m | $1.9m | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $11.0m | ($1.7m) | ($2.4m) | ($5.6m) | $633k | $1.3m | ($391k) | ($1.7m) | |
| Deferred income tax | $1.7m | $0 | ($511k) | $11.0m | ($11.3m) | ($15.6m) | ($38.9m) | $4.5m | $9.7m | ($2.7m) | ($1.7m) | |
| Deferred tax benefit | ($1.2m) | $0 | $0 | $0 | $0 | ($426k) | ($624k) | $0 | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $52.7m | $142.4m | $35.0m | $24.1m | $51.1m | $50.6m | $26.6m | $282.3m | |
| Share-based Payment Arrangement, Expense | — | — | — | $52.7m | $929.1m | $223.3m | $166.2m | $362.9m | $369.7m | $186.2m | $282.3m | |
| Share-based compensation expenses | $2.1m | $2.0m | $6.8m | $52.7m | $929.1m | $223.3m | $166.2m | $362.9m | $369.7m | $186.2m | $282.3m | |
| Deemed dividend to shareholders in connection with the share-based awards to employees of Relx Inc. | — | — | — | — | — | $325.4m | ($80.6m) | $396.4m | ($426.0m) | ($15.0m) | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $0 | $1.0m | $0 | $4.0m | $0 | $0 | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $0 | $0 | $37.0m | |
| Impairment of other non-current assets | — | — | — | — | — | — | $12.6m | $72k | — | — | — | |
| Impairment loss on goodwill and intangible assets | — | — | — | — | $0 | $0 | $2.3m | $10.0m | $0 | $0 | — | |
| Impairment loss of investment in unconsolidated entity | $0 | $0 | $4.0m | $0 | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | $16.5m | $5.6m | $30.5m | $57.9m | $30.3m | $13.7m | $16.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | $17.9m | — | — | — | $111.5m | |
| Receivables from online payment platforms | — | — | ($4.6m) | ($5.0m) | $8.7m | ($9.1m) | $7.0m | ($3.9m) | $2.2m | $5.5m | — | |
| Accounts receivable | $14.7m | ($245k) | $12.0m | ($40.5m) | $18.4m | $18.3m | $3.8m | ($496k) | ($12.2m) | $1.7m | $111.5m | |
| Other receivables | ($1.8m) | $4.6m | ($1.7m) | ($929k) | ($287k) | ($338k) | $286k | ($1.3m) | $32k | ($531k) | — | |
| Other receivables-related parties | — | — | — | — | — | $0 | $0 | ($64k) | ($276k) | $208k | — | |
| Accounts receivable-related party | — | — | — | ($3.4m) | $0 | $3.4m | $0 | — | — | — | $111.5m | |
| Increase (Decrease) in Inventories | — | — | — | $207.8m | $16.8m | $54.8m | ($40.4m) | $5.5m | $3.0m | $7.9m | ($29.6m) | |
| Inventory Write-down | — | — | — | $2.6m | — | $14.0m | $26.1m | $5.0m | $3.3m | $5.3m | — | |
| Inventory write-downs | — | — | — | $2.6m | — | $89.1m | $179.7m | $35.7m | $24.3m | $37.0m | — | |
| Inventories | $1.2m | $3.6m | ($14.2m) | ($207.8m) | ($109.8m) | ($349.0m) | $278.5m | ($39.1m) | ($21.7m) | ($55.1m) | ($29.6m) | |
| Allowance (reversal) for slow moving inventories | $2.4m | $0 | $65k | $65k | $57k | $655k | $266k | $485k | $887k | ($1.3m) | — | |
| Inventories transferred to and used as fixed assets | $1.0m | $0 | $0 | $0 | $410k | $303k | $0 | ($65k) | $0 | — | — | |
| Increase (Decrease) in Accounts Payable | — | — | — | $481.8m | $147.2m | ($26.8m) | — | — | — | — | $495.6m | |
| Accounts payable | ($9.6m) | $812k | ($2.7m) | ($400k) | $8.2m | ($2.1m) | ($5.5m) | ($1.7m) | ($604k) | $1.9m | $495.6m | |
| Other payables | $713k | ($189k) | ($180k) | ($862k) | ($14k) | $5.7m | ($6.3m) | $2.3m | ($3.0m) | $3.4m | — | |
| Other payables-related parties | — | — | — | ($921k) | $2.2m | ($2.6m) | $969k | $352k | ($293k) | $628k | — | |
| Accrued expenses and other current liabilities | — | — | $1.2m | $22.5m | $86.1m | $193.9m | ($173.3m) | ($29.9m) | $819k | ($13.3m) | — | |
| Accrued interest income from loans to third parties | — | — | — | — | $0 | $0 | ($271k) | ($8.0m) | ($7.0m) | ($5.3m) | — | |
| Accrued interest income from short-term investment | — | — | — | — | — | $0 | $0 | ($2.9m) | ($885k) | ($17k) | — | |
| Accrued expenses | — | — | $0 | $0 | $9k | ($984k) | — | — | — | — | $28.2m | |
| Deferred revenue | ($1.9m) | $853k | ($1.2m) | $0 | — | — | — | — | — | — | — | |
| Prepayments and other current assets | — | — | ($6.3m) | ($97.1m) | $29.1m | ($408.4m) | $357.9m | $29.9m | ($2.2m) | ($77.6m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($286k) |
($7.4m)
-2483.91%
|
($977k)
+86.76%
|
$338.1m
+34708.50%
|
$396.8m
+17.36%
|
$282.4m
-28.83%
|
$70.6m
-75.01%
|
$28.0m
-60.35%
|
$117.0m
+318.21%
|
$157.9m
+34.95%
|
$1.3b
+737.50%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $0 | $82k | $2.0m | $5.2m | ($641k) | ($178k) | ($421k) | ($752k) | ($26k) | ($2.8m) | |
| Payments to Acquire Property, Plant, and Equipment | ($181k) | ($638k) | ($29k) | $85.0m | $1.9m | $20.5m | $5.6m | $4.0m | $1.4m | $16.8m | ($88.7m) | |
| Loss (gain) from disposal of equipment | ($41k) | ($36k) | ($78k) | $0 | ($89k) | $20k | $49k | ($13k) | — | — | — | |
| Proceeds from disposal of equipment | $60k | $52k | $32k | $0 | $900 | $0 | $0 | $32k | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | ($787k) | $89k | ($297k) | ($311k) | ($45.5m) | |
| Purchase of short-term investments | — | — | — | ($40.0m) | ($5.4b) | ($14.3b) | ($14.9b) | ($8.7b) | ($9.8b) | ($13.5b) | — | |
| Proceeds from maturities of short-term investments | — | — | — | — | $3.0b | $9.7b | $13.4b | $8.4b | $13.3b | $14.3b | — | |
| Sale of short-term investments | — | — | — | — | $973.0m | $2.5b | $2.7b | $320.0m | $300.9m | $87.2m | — | |
| Purchase of long-term investments | — | — | — | ($5.0m) | — | ($8.0m) | ($3.5b) | ($430.8m) | — | ($330k) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | $85.7m | ($599.1m) | |
| Net cash generated from/(used in) investing activities | ($121k) | $12.5m | ($397k) | ($497.8m) | ($1.8b) | ($7.9b) | ($4.1b) | $2.1b | $3.0b | ($822.2m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($121k) | ($86k) | — | ($497.8m) | ($277.8m) | ($1.2b) | ($599.2m) | $294.5m | $413.5m | ($117.6m) | ($3.1b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of short-term borrowings | $0 | ($1.3m) | ($4.9m) | $0 | ($1.0m) | ($3.4m) | ($530k) | $0 | $0 | — | — | |
| Proceeds from short-term borrowings-related parties | — | — | — | $5.0m | $17.4m | $18.4m | $11.1m | $15.0m | $10.0m | — | — | |
| Repayments of short-term borrowings-related parties | — | — | — | ($5.0m) | ($16.2m) | ($15.9m) | ($14.8m) | ($9.0m) | ($10.0m) | — | — | |
| Repayments of long-term borrowings-related party | $0 | $0 | ($372k) | ($684k) | ($748k) | ($817k) | ($893k) | ($1.5m) | $0 | — | — | |
| Proceeds from short-term borrowings | $530k | $1.1m | $4.6m | $1.1m | $200k | $3.7m | $0 | — | — | — | — | |
| Proceeds from long-term borrowings-related party | $0 | $0 | $10.0m | $0 | — | — | — | — | — | — | — | |
| AR and short-term borrowings-related parties offset | $200k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Repayment of short-term borrowings | $0 | ($1.3m) | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $20.0m | $72.5m | $140.4m | $80.7m | $26.3m | — | |
| Proceeds from warrants issued with common stock | — | — | — | $0 | $0 | $212.1m | $0 | $17.5m | — | — | — | |
| Issuance of common stock in exchange of shares of FGS, net of issuance costs | — | $0 | $0 | $21.4m | $0 | $1.7m | $0 | — | — | — | $0 | |
| Cancellation of common stock issued prior years in exchange of shares of FGS , net of issuance costs | — | — | — | $0 | $0 | ($1.7m) | $0 | — | — | — | — | |
| Issuance of common stock in exchange of shares of Starry, net of issuance costs | — | — | — | $0 | $0 | $27.7m | $0 | — | — | — | $0 | |
| Issuance of unvested common stock to senior managers | $0 | $56k | $0 | — | — | — | — | — | — | — | — | |
| Issuance of common stock to redeem warrants | $0 | $0 | — | — | — | — | — | — | — | — | $0 | |
| Dividends paid | — | — | — | $36 | — | — | — | $13 | $12 | $13 | $0 | |
| Payments of Dividends | — | — | — | $36 | — | — | — | $13 | $12 | $13 | $0 | |
| Dividends Payable, Current | — | — | — | — | — | — | — | $0 | $0 | $68 | — | |
| Dividend income | — | — | — | — | — | — | ($640k) | ($640k) | ($1.3m) | — | — | |
| Dividend from investment | — | — | — | — | — | — | — | $640k | $1.3m | — | — | |
| Dividend paid | — | — | — | ($36.0m) | — | — | — | ($92.4m) | ($88.8m) | ($91.5m) | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($15k) | ($46k) | — | $93k | $569k | ($24k) | ($225k) | — | |
| Other financing activities | — | — | — | ($15k) | ($298k) | — | $640k | $4.0m | ($176k) | ($1.6m) | — | |
| Net cash (used in) provided by financing activities | ($10.2m) |
($3.1m)
+69.78%
|
$76.9m
+2598.85%
|
$3.5m
-95.39%
|
$33.2m
+837.11%
|
$394.0m
+1085.46%
|
($10.0m)
-102.54%
|
$56.4m
+663.87%
|
$45.0m
-20.15%
|
($3.3m)
-107.27%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | $576.4m |
$26.8m
-95.35%
|
$1.6b
+5698.94%
|
($69.2m)
-104.45%
|
($168.1m)
-142.87%
|
($92.9m)
+44.73%
|
($40.4m)
+56.47%
|
$2.0b
+4947.01%
|
|
| Net increase/(decrease) in cash, cash equivalents and restricted cash | — | $2.0m | $68.2m | $415.9m | $970.7m | $3.8b | ($3.9b) | $1.1b | $3.2b | ($99.3m) | — | |
| Net increase (decrease) in cash | ($10.5m) | $2.0m | $41.5m | — | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $415.9m | $148.8m | $589.2m | ($568.4m) | $159.3m | $441.7m | ($14.2m) | $4.6b | |
| Cash, cash equivalents and restricted cash at the beginning of the year | — | — | $68.2m | $484.1m | $1.5b | $5.2b | $1.3b | $2.4b | $5.6b | $5.5b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $74.2m | $223.0m | $817.5m | $186.9m | $340.9m | $773.3m | $792.9m | $4.6b | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | — | — | ($14k) | ($805k) | $19.3m | ($78.7m) | $203.1m | $34.3m | $30.0m | ($99.0m) | — | |
| Restricted cash at the end of the year | — | — | $38k | $348.5m | $340.8m | $500k | $20.6m | $29.8m | $50.9m | $177.9m | — | |
| Effect of exchange rate fluctuation on cash and restricted cash | $63k | ($16k) | $1.8m | $1.4m | ($84k) | $224k | $10.3m | $27.7m | $1.7m | ($8.6m) | — | |
| Restricted cash | — | — | — | — | $0 | $0 | $0 | $732k | $849k | $8k | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | $3.5m | $1.2m | $198k | $165k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $903k | $571k | $868k | $1.5m | $1.4m | $1.7m | $203k | $1.2m | $24k | $225k | — | |
| Income Taxes Paid, Net | $142k | $284k | $379k | $27.9m | $1.7m | $74.0m | $107.8m | $10.5m | $5.6m | $12.2m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | $2.4m | $208k | ($844k) | $81k | ($1.9m) | $427k | — | |
| General and Administrative Expense | — | — | — | $133.2m | $118.3m | $105.6m | $83.6m | $70.1m | $70.7m | $48.2m | — | |
| Goodwill | — | — | — | — | — | — | — | $9.4m | $8.2m | $81.1m | $37.0m | |
| Income Tax Expense (Benefit) | — | — | — | $25.9m | $35.3m | $99.1m | $53.9m | $7.1m | $12.9m | $17.0m | — | |
| Operating Expenses | — | — | — | $524.6m | $232.1m | $215.5m | $180.0m | $124.6m | $114.2m | $122.3m | — | |
| Proceeds from Contributions from Parent | — | — | — | $644.9m | $220.6m | $0 | $0 | $0 | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $61k | — | $1.6m | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $402k | $3.6m | $227k | $554k | $327k | — | |
| Loss on disposal of long-term assets | — | — | — | — | — | $4.1m | $1.2m | $3.0m | $5.5m | $180k | — | |
| Interest expense | — | — | — | — | — | — | $1.4m | — | $176k | $6.4m | — | |
| Foreign exchange (gain) /loss | — | — | — | — | ($15.4m) | ($1.3m) | $5.8m | ($586k) | $14.1m | ($3.0m) | — | |
| Unrealized investment income | — | — | — | — | ($4.3m) | ($15.8m) | ($68.9m) | ($378.1m) | ($91.3m) | ($45.5m) | — | |
| Provision for credit losses | — | — | — | $0 | $0 | $2.6m | $25.0m | $1.6m | $4.0m | $2.3m | — | |
| Accounts and notes receivable | — | — | ($11.1m) | ($27.7m) | $18.7m | $5.9m | ($37.4m) | $27.0m | ($19.3m) | ($37.3m) | — | |
| Amounts due from related parties | — | — | — | — | — | ($1.9m) | ($3.2m) | ($113.6m) | ($227.4m) | $135.9m | — | |
| Amounts due to related parties | — | — | $313k | — | — | — | $423k | $60.4m | ($42.5m) | ($598k) | — | |
| Other non-current assets | — | — | — | ($1.5m) | $1.5m | ($17.6m) | $11.2m | $2.2m | ($4.7m) | ($3.9m) | — | |
| Accounts and notes payable | — | — | $17.2m | $481.8m | $960.8m | ($170.9m) | ($1.0b) | ($30.1m) | $192.1m | ($55.6m) | — | |
| Contract liabilities | — | — | $538k | $17.9m | $302.0m | ($33.8m) | ($211.4m) | ($25.8m) | ($39.0m) | ($605k) | — | |
| Salary and welfare benefits payable | $134k | $1.6m | $4.1m | $38.2m | $137.2m | ($9.2m) | ($42.6m) | ($88.5m) | $34.5m | $16.5m | — | |
| Taxes payable | $790k | ($79k) | $5.6m | ($2.9m) | $360.9m | $234.1m | ($490.6m) | ($36.9m) | $49.0m | $6.9m | — | |
| Lease liabilities | — | — | ($37k) | ($7.7m) | ($39.2m) | ($62.1m) | ($80.7m) | ($59.7m) | ($42.5m) | ($23.1m) | — | |
| Purchase of intangible assets | — | — | ($368k) | ($7.4m) | ($4.9m) | ($7.9m) | ($5.9m) | ($4.2m) | ($2.2m) | ($992k) | — | |
| Purchase of short-term bank deposits | — | — | — | ($287.7m) | ($2.0b) | ($3.2b) | ($18.5b) | ($4.8b) | ($1.1b) | ($2.3b) | — | |
| Purchase of long-term bank deposits | — | — | — | — | — | ($4.1b) | ($8.8b) | ($782.3m) | ($180.0m) | ($380.0m) | — | |
| Proceeds from maturities of short-term bank deposits | — | — | — | — | $1.7b | $1.1b | $16.0b | $9.7b | $2.7b | $2.8b | — | |
| Proceeds from maturities of long-term bank deposits | — | — | — | — | — | $637.6m | $9.6b | $240.0m | $10.0m | — | — | |
| Purchase of long-term investment securities | — | — | — | — | — | — | ($3.5b) | ($2.3b) | ($2.0b) | ($1.0b) | — | |
| Acquisition of subsidiaries - net of cash acquired (not under common control) | — | — | — | $0 | $0 | $472k | $0 | ($169.1m) | — | ($599.1m) | — | |
| Capital contribution from non-controlling interest | $0 | $0 | $3.7m | $850k | $405k | $389k | $0 | $11.1m | — | — | — | |
| Proceeds from bank loans | $500k | $0 | $45k | $2.5m | $9.5m | $16.0m | $198.6m | $13.5m | $40.0m | $92.1m | — | |
| Repayments of bank loans | ($7.5m) | $0 | ($45k) | $0 | ($2.5m) | ($10.5m) | ($200.0m) | ($11.0m) | ($11.6m) | ($99.0m) | — | |
| Proceeds from exercise of employees' share options | — | — | — | — | — | — | $23.9m | $8.8m | $1.4m | $1.2m | — | |
| Funds provided by related parties | — | — | — | — | — | $0 | $0 | $41.1m | — | — | — | |
| Cash payments for repurchase of shares | — | — | — | — | — | ($127.5m) | ($500.4m) | ($996.6m) | ($589.4m) | ($183.9m) | — | |
| Cash and cash equivalents at the end of the year | $12.3m | $1.8m | $68.2m | $135.5m | $1.1b | $5.2b | $1.3b | $2.4b | $5.6b | $5.4b | — | |
| (Gain) loss in fair value changes of warrants liability | $0 | $0 | — | — | $0 | ($35.4m) | ($174.5m) | ($6.1m) | $934k | ($6k) | — | |
| Allowance for (net recovery of) credit losses | $14.5m | $1.8m | ($841k) | $611k | $2.2m | $8.2m | ($659k) | ($9.0m) | $4.1m | ($2.9m) | — | |
| Restricted shares issued for management and employees | — | — | ($15.5m) | $21.3m | $7.9m | $6.1m | $39.3m | $26.2m | $22.4m | $10.3m | — | |
| Restricted shares issued for services | $2.3m | $8.4m | $3.1m | $846k | $34k | $0 | $8.9m | $5.8m | $1.1m | — | — | |
| Notes receivable | ($455k) | ($1.5m) | $2.1m | $922k | ($1.1m) | ($2.1m) | ($4.5m) | $7.1m | $2.4m | $1.3m | — | |
| Purchase advances | $4.9m | ($10.5m) | ($297k) | $5.8m | $1.2m | ($899k) | $865k | ($2.6m) | ($2.4m) | ($5.1m) | — | |
| Contract costs | — | — | ($127k) | $7.6m | ($26.9m) | ($21.9m) | $15.4m | ($14.2m) | ($4.4m) | ($364k) | — | |
| Prepaid expense | $716k | ($718k) | $319k | $317k | ($5k) | $143k | ($274k) | $70k | ($51k) | $12k | — | |
| Prepaid expense - related parties | — | — | — | ($218k) | $218k | ($433k) | $158k | $275k | $0 | — | — | |
| Purchase of land use right | — | — | — | — | — | — | $0 | $0 | ($15.0m) | — | — | |
| Repayments of loans to third parties | — | $14.2m | $435k | $1.0m | $11.2m | $5.2m | $171.4m | $40.1m | $117.5m | $100.5m | — | |
| Payments made for loans to third parties | — | ($1.1m) | ($2.0m) | ($4.0m) | ($9.5m) | ($51.6m) | ($171.1m) | ($103.1m) | ($196.4m) | ($140.5m) | — | |
| Payments and prepayments for construction in progress | $0 | $0 | ($9.2m) | ($4.6m) | ($3.8m) | $0 | $0 | $0 | ($219k) | ($8.9m) | — | |
| Proceeds from warrants issued with ordinary shares | — | — | — | — | — | — | — | $17.5m | $0 | — | — | |
| Proceeds from sale of ordinary shares, net of issuance costs | $172k | $0 | $65.0m | $0 | $26.1m | $81.1m | $0 | $28.2m | $77.7m | ($2.5m) | — | |
| Proceeds from sale of prefunded warrants, net of issuance costs | — | — | — | $0 | $0 | $30.3m | $93k | $3.8m | $0 | — | — | |
| Redemption of warrants | — | — | — | — | — | — | $0 | $0 | ($32.6m) | $0 | — | |
| Capital contribution by controlling shareholders | — | — | — | — | — | — | — | $0 | $0 | $100k | — | |
| Cash | — | — | — | — | $4.5m | $30.3m | $344.0m | $104.1m | $110.0m | $98.9m | $1.3b | |
| Right-of-use assets obtained in exchange for operating lease obligations | — | — | $0 | $0 | $1.2m | $7.2m | $938k | $75k | $8.3m | — | — | |
| Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement | — | — | — | — | — | $0 | $0 | $62k | $61k | $1.9m | — | |
| Payable for construction in progress | $0 | $0 | $3.1m | $5.7m | $733k | $0 | — | $0 | $0 | $7.3m | — | |
| Capital contribution receivable due from non-controlling Interest | — | — | — | $0 | $0 | $50.0m | $0 | $0 | $0 | $724k | — | |
| Income from investment in unconsolidated entity | — | $0 | $0 | $960k | ($463k) | $267k | ($15k) | $0 | $0 | — | — | |
| Cancellation of shares issued to Starry Lab | — | — | — | — | $0 | $0 | ($27.7m) | $0 | — | — | — | |
| Other payable due to non-controlling interest converted into capital contribution | — | — | — | — | $0 | $0 | $1.1m | $0 | — | — | — | |
| Remeasurement gain of previously held equity interests in connection with step acquisition | — | — | — | $0 | $0 | ($979k) | $0 | — | — | — | — | |
| Interest expenses related to convertible notes | — | — | — | $0 | $0 | $430k | $0 | — | — | — | — | |
| Proceeds from stock issuance for warrants exercised | — | — | — | $0 | $0 | $21.1m | $0 | — | — | — | — | |
| Proceeds from issuance of convertible notes | — | — | — | $0 | $0 | $42.0m | $0 | — | — | — | — | |
| Conversion of convertible notes to 9,225,338 shares of ordinary shares | — | — | — | $0 | $0 | $42.4m | $0 | — | — | — | — | |
| Payable for issuance cost of common share | — | — | $0 | $0 | $375k | $0 | — | — | — | — | — | |
| Operating lease liabilities | — | — | $0 | $0 | ($1.4m) | ($2.8m) | — | — | — | — | — | |
| Advance from customers | — | — | $28k | ($38k) | $3.4m | $4.2m | — | — | — | — | — | |
| Investment in unconsolidated entity | $0 | $0 | ($4.0m) | ($4.2m) | $0 | — | — | — | — | — | — | |
| Refund of capital contribution by a non-controlling shareholder | — | $0 | $0 | ($200k) | $0 | — | — | — | — | — | — | |
| Investment payable in exchange of interest of FGS | — | $0 | $0 | $6.4m | $0 | — | — | — | — | — | — | |
| Reversal of interest expense | — | — | $0 | $0 | ($81k) | — | — | — | — | — | — | |
| Payments for land use right | $0 | $0 | ($1.4m) | $0 | — | — | — | — | — | — | — | |
| Shares issued to settle salary payable | $0 | $0 | $1.6m | $0 | — | — | — | — | — | — | — | |
| Restricted shares issued for management | $3.6m | $12.9m | $14.6m | $11.6m | — | — | — | — | — | — | — | |
| Loss from warrants redemption | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Income tax benefit | $546k | $308k | — | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.