Company research
Token Cat Ltd
CIK 1743340Updated Sep 25, 2026
SecurityTC · NASDAQ · adr
Name history
TuanChe Ltd · through Feb 21, 2025
TC price & chart
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NASDAQ:TC on TradingView ↗About the company
TuanChe Limited is a holding company with no material operations of its own. We currently conduct our operations through our WFOEs, the VIEs and their respective subsidiaries. Cash is transferred through our organization in the manner as follows: (1) we may transfer funds to our WFOEs through our Hong Kong subsidiary, TuanChe Information Limited, by additional capital contributions or shareholder loans, as the case may be; (2) our subsidiaries in China may provide loans to the VIEs, subject to statutory limits and restrictions; (3) the VIEs may pay service fees to our subsidiaries in China for services rendered by our subsidiaries in China; (4) our subsidiaries in China may pay service fees to the VIEs for services rendered by the VIEs; and (5) our subsidiaries in China may make dividends or other distributions to us through TuanChe Information Limited. We do not have cash management policies dictating how funds are transferred throughout our organization. We may encounter difficulties in our ability to transfer cash between subsidiaries in China and other subsidiaries largely due to various PRC laws and regulations imposed on foreign exchange. If we intend to distribute dividends …
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Recent filings
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Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 24,722,000Source | 6,048,000Source | 16,808,000Source | 34,111,000Source |
| Property, Plant and Equipment | — | — | — | — |
| GoodwillUSD | — | — | 6,417,000Source | 6,606,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 863,000Source | 1,347,000Source | 10,134,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 933,000Source | 1,748,000Source | 4,069,000Source | 7,245,000Source |
| Assets, CurrentUSD | 24,722,000Source | 5,213,000Source | 8,730,000Source | 25,180,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 23,649,000Source | 2,048,000Source | 2,251,000Source | 6,794,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 804,000Source | 1,469,000Source |
| Other Assets, NoncurrentUSD | — | — | 73,000Source | 76,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,806,000Source | 25,338,000Source | 14,063,000Source | 20,659,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -202,890,000Source | -194,690,000Source | -173,679,000Source | -166,754,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 8,151,000Source | -1,230,000Source | -1,167,000Source | -1,220,000Source |
| Stockholders' Equity Attributable to ParentUSD | — | -19,290,000Source | 2,745,000Source | 13,452,000Source |
| Additional Paid in Capital, Common StockUSD | 214,681,000Source | 181,289,000Source | 184,016,000Source | 188,040,000Source |
| Liabilities and EquityUSD | 24,722,000Source | 6,048,000Source | 16,808,000Source | 34,111,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,320,000Source | 14,115,000Source | 12,217,000Source | 15,740,000Source |
| Operating Lease, Liability, CurrentUSD | — | 463,000Source | 576,000Source | 753,000Source |
| Accounts Payable, CurrentUSD | 929,000Source | 1,901,000Source | 1,466,000Source | 1,981,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 461,000Source | 859,000Source | 1,087,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | 71,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | 171,000Source | 195,000Source |
| Deferred Revenue, NoncurrentUSD | — | — | 7,000Source | 3,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 1,370,000Source | 423,000Source | 224,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 323,000Source | — | — | -166,490,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,512,000Source | 3,890,000Source | 1,345,000Source | 1,491,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | -1,790,000Source | -2,879,000Source | 163,000Source |
| Increase (Decrease) in Accounts PayableUSD | 929,000Source | 475,000Source | -458,000Source | -2,308,000Source |
| Deferred Income Tax Expense (Benefit)CNY | — | — | — | -5,451,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -25,220,000Source | -4,755,000Source | -10,550,000Source | -15,901,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -701,000Source | -3,000Source | — | -31,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 3,000Source | — | 31,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 23,393,000Source | 4,131,000Source | 1,968,000Source | 13,228,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | -774,000Source | -8,572,000Source | -2,966,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 140,000Source | 1,417,000Source | 2,252,000Source | 11,141,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 64,000Source | 47,000Source | 31,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | -147,000Source | 10,000Source | -262,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | — | 304,000Source |
| DepreciationUSD | — | — | — | 310,000Source |
| Equity Method Investment, Other than Temporary ImpairmentCNY | — | — | 0Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -37,000Source | 64,000Source |
| Gain (Loss) on InvestmentsCNY | — | — | — | 26,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 7,005,000Source | — | — | -32,000Source |
| General and Administrative ExpenseUSD | 4,955,000Source | 7,275,000Source | 6,291,000Source | 9,382,000Source |
| GoodwillUSD | — | — | 6,417,000Source | 6,606,000Source |
| Goodwill, Impairment LossUSD | — | 6,242,000Source | 0Source | 10,128,000Source |
| Impairment of Intangible Assets, Finite-livedCNY | — | — | 0Source | — |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)CNY | — | — | -15,614,000Source | -15,614,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 6,081,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -5,758,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 7,005,000Source | 73,000Source | — | 26,000Source |
| Income Tax Expense (Benefit)CNY | — | — | 0Source | -790,000Source |
| Net Income (Loss) Attributable to ParentUSD | 323,000Source | -25,756,000Source | -11,687,000Source | -24,140,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | 2,270,000Source | — | -82,971,000Source | -24,140,000Source |
| Operating Costs and ExpensesCNY | — | — | 25,139,000Source | 16,677,000Source |
| Operating ExpensesUSD | 4,955,000Source | 16,923,000Source | 30,205,000Source | 33,630,000Source |
| Operating Lease, Impairment LossCNY | — | 3,509,000Source | 1,515,000Source | -438,000Source |
| Other Nonoperating Income (Expense)USD | — | 691,000Source | 2,471,000Source | 825,000Source |
| Proceeds from Issuance of Common StockUSD | 23,600,000Source | 974,000Source | — | 13,560,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueCNY | — | — | — | 183,188,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -4,931,000Source | -12,323,000Source | -17,047,000Source | -17,297,000Source |
| Other Nonoperating Income (Expense)USD | — | 691,000Source | 2,471,000Source | 825,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 6,081,000Source | -25,756,000Source | -11,687,000Source | -24,930,000Source |
| Income Tax Expense (Benefit)CNY | — | — | 0Source | -790,000Source |
| Net Income (Loss) Attributable to ParentUSD | 323,000Source | -25,756,000Source | -11,687,000Source | -24,140,000Source |
| Earnings Per Share, BasicUSD per share | — | -0.05Source | -0.2Source | -0.52Source |
| Earnings Per Share, DilutedUSD per share | — | -0.05Source | — | -0.52Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 569,105,909Source | 520,221,825Source | 406,802,365Source | 319,539,180Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 569,105,909Source | 520,221,825Source | 406,802,365Source | 319,539,180Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | — | 304,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -37,000Source | 64,000Source |
| Gain (Loss) on InvestmentsCNY | — | — | — | 26,000Source |
| General and Administrative ExpenseUSD | 4,955,000Source | 7,275,000Source | 6,291,000Source | 9,382,000Source |
| Goodwill, Impairment LossUSD | — | 6,242,000Source | 0Source | 10,128,000Source |
| Gross ProfitUSD | 24,000Source | 4,600,000Source | 13,158,000Source | 16,333,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 6,081,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY | — | -93,714,000Source | 79,805,000Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 0.01Source | — | -0.03Source | -0.08Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 0.01Source | — | -0.03Source | -0.08Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -5,758,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 7,005,000Source | 73,000Source | — | 26,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | -137,000Source | -20,000Source | -25,000Source |
| Investment Income, NetUSD | — | — | 26,000Source | 4,000Source |
| Marketing and Advertising ExpenseCNY | — | 16,800,000Source | 98,500,000Source | 57,600,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | 2,270,000Source | — | -82,971,000Source | -24,140,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicCNY | 42,535,000Source | — | — | — |
| Operating Costs and ExpensesCNY | — | — | 25,139,000Source | 16,677,000Source |
| Operating ExpensesUSD | 4,955,000Source | 16,923,000Source | 30,205,000Source | 33,630,000Source |
| Research and Development ExpenseUSD | — | 1,629,000Source | 1,587,000Source | 2,871,000Source |
| Selling and Marketing ExpenseUSD | — | 7,464,000Source | 22,114,000Source | 18,514,000Source |