| | | | | | |
| | | | Six Months Ended June 30, |
| | Note | | 2025 | | 2024 |
Net cash used in operating activities | | 21 | | (72,894) | | (39,832) |
Investing activities | | | | | | |
Purchases of property, plant and equipment | | | | (9,267) | | (10,108) |
Proceeds from disposal of property, plant and equipment | | | | 6 | | — |
Refund of leasehold land deposit | | | | — | | 426 |
Deposits in short-term investments | | | | (1,301,767) | | (991,056) |
Proceeds from short-term investments | | | | 730,118 | | 995,303 |
Proceeds from divestment of an equity investee | | 16 | | 608,503 | | — |
Acquisition of an intangible asset | | 20(i) | | (10,000) | | — |
Net cash generated from/(used in) investing activities | | | | 17,593 | | (5,435) |
Financing activities | | | | | | |
Proceeds from issuances of ordinary shares | | 13(i) | | 1,100 | | 228 |
Purchases of treasury shares | | 13(ii) | | — | | (36,064) |
Dividend paid to a non-controlling shareholder of a subsidiary | | 17(iii) | | — | | (1,000) |
Proceeds from bank borrowings | | | | 8,221 | | 8,466 |
Repayment of bank borrowings | | | | — | | (4,192) |
Net cash generated from/(used in) financing activities | | | | 9,321 | | (32,562) |
Net decrease in cash and cash equivalents | | | | (45,980) | | (77,829) |
Effect of exchange rate changes on cash and cash equivalents | | | | 2,741 | | (1,807) |
| | | | (43,239) | | (79,636) |
Cash and cash equivalents | | | | | | |
Cash and cash equivalents at beginning of period | | | | 153,958 | | 283,589 |
Cash and cash equivalents at end of period | | | | 110,719 | | 203,953 |