7Baggers
Quarterly
Annual
    Unit: USD2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 
      
    		             
      cash flows from operating activities
    		             
      net profit/
    		61,790,000             
      adjustments to reconcile net profit/(loss) to net cash from operating activities:
    		             
      loss/(gain) on disposal of property, plant and equipment
    		95,000             
      gain on debt restructuring
    		-389,000             
      depreciation of property, plant and equipment
    		7,985,000 7,615,000 7,530,000 7,442,000 7,470,000 7,498,000 4,846,000 4,905,000 4,892,000 4,650,000 4,784,000 5,067,000 5,310,000 
      amortization of land use right and intangible assets
    		192,000  194,000 193,000 194,000  194,000 194,000 205,000  137,000 140,000 143,000 
      noncash lease expenses
    		666,000 682,000 677,000 663,000 664,000 656,000 643,000 807,000 658,000 552,000 550,000 555,000 557,000 
      share-based compensation
    		703,000 551,000 6,301,000 12,123,000 11,865,000 13,330,000 15,862,000 17,850,000 17,929,000 17,883,000 19,275,000 25,520,000 28,130,000 
      changes in fair value of warrant and convertible loan
    		-43,160,000  -2,766,000           
      allowance of credit losses
    		1,358,000             
      product warranty
    		4,825,000 2,473,000 4,024,000 3,060,000 3,269,000 3,671,000 3,567,000 2,920,000 2,530,000 5,834,000 2,028,000 3,550,000 2,685,000 
      changes in operating assets and liabilities:
    		             
      notes receivable
    		-5,263,000 -2,674,000 -1,116,000 -299,000 10,577,000 -2,966,000 -2,564,000 1,532,000 -21,340,000 1,801,000 22,033,000 -7,179,000 -13,468,000 
      accounts receivable
    		-14,108,000 -9,366,000 -11,465,000 17,611,000 12,011,000 -20,848,000 -11,162,000 -22,042,000 32,293,000 -33,900,000 16,832,000 -30,602,000 8,746,000 
      inventories
    		15,783,000 3,598,000 -2,690,000 -17,795,000 16,341,000 -19,933,000 -37,863,000 -9,571,000 -7,039,000 -4,177,000 -23,611,000 -11,028,000 -4,878,000 
      prepaid expenses and other current assets
    		-2,402,000 949,000 -6,122,000 4,157,000 4,305,000 -1,625,000 -5,824,000 -5,985,000 -857,000 7,392,000 -5,453,000 4,275,000 -2,586,000 
      amounts due to related parties
    		-5,000             
      operating lease right-of-use assets
    		-654,000 41,000 107,000 -1,605,000 -323,000 142,000 262,000 -3,357,000 -2,493,000 -91,000 -24,000 -315,000 -18,945,000 
      other non-current assets
    		-1,388,000 -10,010,000 9,081,000 231,000 -275,000 106,000 -852,000 -89,000 288,000 -498,000 105,000 162,000 -51,000 
      notes payable
    		-4,150,000 -2,421,000 6,078,000 -14,610,000 1,042,000 22,563,000 -10,553,000 -14,581,000 -936,000 -6,452,000 705,000 9,846,000 9,391,000 
      accounts payable
    		-8,547,000 2,711,000 -16,718,000 -2,673,000 -27,843,000 15,176,000 41,629,000 15,727,000 -3,956,000 7,675,000 -1,337,000 9,413,000 -8,605,000 
      advance from customers
    		462,000 1,033,000 1,928,000 -431,000 -1,694,000 -11,464,000 1,483,000 211,000 -1,179,000 47,414,000 2,378,000 1,167,000 2,063,000 
      accrued expenses and other liabilities
    		-6,812,000 16,608,000 -20,720,000 -1,751,000 -10,623,000 7,976,000 -2,394,000 4,454,000 -3,434,000 -12,471,000 1,501,000 -7,539,000 -6,165,000 
      operating lease liabilities
    		-340,000 -738,000 -602,000 233,000 -500,000 -494,000 -604,000 2,125,000 1,239,000 -390,000 -449,000 -308,000 16,146,000 
      other non-current liabilities
    		528,000 -4,023,000 4,868,000 2,937,000 -126,000 635,000 -104,000 -107,000 -108,000 -104,000 -106,000 1,231,000 -75,000 
      net cash generated from operating activities
    		7,169,000             
      cash flows from investing activities
    		             
      purchases of property, plant and equipment
    		-2,346,000 -355,000 -14,180,000 -2,945,000 -10,241,000 -33,214,000 -59,944,000 -57,708,000 -35,922,000 -66,158,000 -16,807,000 -26,854,000 -41,061,000 
      proceeds on disposal of property, plant and equipment
    		14,000 175,000 9,650,000 28,000 152,000 770,000 231,000 308,000 340,000 2,000 1,000 1,000 1,000 
      proceeds from maturity of short-term investments
    		 0 0 0 5,564,000         
      net cash from investing activities
    		-2,332,000 -180,000 -4,530,000 -2,917,000 -4,525,000 -12,485,000 -59,719,000 -57,576,000 -35,825,000 -91,226,000 -16,806,000 -26,853,000 -41,060,000 
      cash flows from financing activities
    		             
      proceeds from borrowings
    		28,187,000  29,911,000 21,682,000 18,780,000  9,207,000 4,848,000 4,384,000  45,242,000   
      repayment of bank borrowings
    		-13,062,000 -34,424,000 -8,375,000 -10,929,000 -12,520,000 -7,833,000 -2,347,000   0 -7,150,000   
      repayment of bonds payable
    		-1,375,000             
      deferred payment related to purchases of property, plant and equipment
    		-4,287,000 -5,766,000            
      net cash generated from financing activities
    		9,463,000 -9,046,000 18,147,000 22,228,000 6,260,000 20,888,000 6,860,000 909,000 4,384,000     
      effect of exchange rate changes
    		-907,000 -2,241,000 2,295,000 -1,642,000 -5,251,000 -4,473,000 1,094,000 -3,652,000 470,000 2,736,000 -7,459,000 -4,461,000 598,000 
      increase/ (decrease) in cash, cash equivalents and restricted cash
    		13,393,000             
      net income
    		 -105,438,000 13,247,000 -78,441,000 -24,825,000 -24,591,000 -26,172,000 -26,078,000 -29,571,000 -33,698,000 -36,544,000 -44,182,000 -43,776,000 
      adjustments to reconcile net income to net cash from operating activities:
    		             
      loss /(gain) on disposal of property, plant and equipment
    		             
      interest expense
    		 0 1,626,000           
      amortization of land use rights and intangible assets
    		             
      changes in fair value of warrant liability and convertible loan
    		             
      write-down for obsolete inventories
    		 254,000 1,295,000           
      impairment income from long-lived assets
    		             
      amounts due from/to related parties
    		             
      net cash generated from (used in) operating activities
    		             
      purchase of short-term investments
    		     -5,541,000 -6,000 -176,000 -243,000     
      proceeds from bank borrowings
    		             
      convertible loan borrowed from a shareholder
    		             
      payment for debt issue costs
    		 0 0           
      cash, cash equivalents and restricted cash at beginning of the year
    		             
      cash, cash equivalents and restricted cash at end of the year
    		             
      reconciliation to amounts on consolidated balance sheets
    		             
      cash and cash equivalents
    		             
      restricted cash
    		             
      total cash, cash equivalents and restricted cash
    		             
      supplemental disclosure of cash flow information
    		             
      interest paid
    		             
      income tax paid
    		             
      non-cash investing and financing activities
    		             
      payable for purchase of property, plant and equipment
    		             
      loss on disposal of property, plant and equipment
    		      6,000 2,000 824,000  -2,000 1,000 12,000 
      (reversal)/ allowance of credit losses
    		  -992,000 177,000 578,000         
      impairment income from long-lived asset
    		  12,000           
      net cash from operating activities
    		     -4,953,000 -29,342,000 -29,842,000 -11,166,000  4,940,000 -38,621,000 -24,914,000 
      capex
    		     -33,214,000 -59,944,000 -57,708,000 -35,922,000  -16,807,000 -26,854,000 -41,061,000 
      free cash flows
    		     -38,167,000 -89,286,000 -87,550,000 -47,088,000  -11,867,000 -65,475,000 -65,975,000 
      convertible loan borrowing from a shareholder
    		  13,000,000           
      increase in cash, cash equivalents and restricted cash
    		  10,483,000           
      cash, cash equivalents and restricted cash at beginning of the period
    		  0 0 88,189,000  0 0 302,617,000  0 0 536,109,000 
      cash, cash equivalents and restricted cash at end of the period
    		  10,483,000 17,780,000 86,704,000  -81,107,000 -90,161,000 260,480,000  18,767,000 -73,801,000 470,733,000 
      loss/ (gain) on disposal of property, plant and equipment
    		   50,000 -34,000         
      net cash (used in) generated from operating activities
    		   111,000 2,031,000         
      changes in fair value of warrant liability
    		    -42,000 -84,000 42,000 0 -17,000 -58,000 -101,000 -1,255,000 435,000 
      decrease in cash, cash equivalents and restricted cash
    		    -1,485,000  -81,107,000 -90,161,000 -42,137,000  18,767,000 -73,801,000 -65,376,000 
      changes in fair value of bridge notes
    		             
      benefit from obsolete inventories
    		     2,685,000 0   1,641,000 1,229,000 1,448,000 471,000 
      impairment income from property, plant and equipment
    		     31,000 422,000   252,000 1,053,000 487,000 6,000 
      loans borrowing from related parties
    		             
      repayment of related party loans
    		             
      cash received from the trust account upon merger, net of transaction costs
    		             
      cash received from private investment in public equity
    		             
      payment to exited noncontrolling interests
    		             
      issuance of bridge notes
    		             
      allowance/(reversal) of credit losses
    		             
      reversal of credit losses
    		       262,000 -1,094,000    -545,000 
      adjustments to reconcile net income to net cash generated from/(used in) operating activities:
    		             
      (reversal)/allowance of doubtful accounts
    		             
      income tax payables
    		             
      net cash generated from/(used in) operating activities
    		             
      net cash (used in)/generated from financing activities
    		             
      payable for redemption of noncontrolling interest
    		             
      changes in fair value of convertible notes
    		             
      amount due from/to related parties
    		          0 0 85,000 
      merger and private investment in public equity (“pipe”) financing
    		             
      payment for transaction fee in connection with the merger
    		             
      issuance of convertible notes
    		             
      (reversal) allowance of credit losses
    		             
      net cash generated from (used in) financing activities
    		             
      loans to related party
    		             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.