v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
¥ in Thousands, $ in Thousands
Share capital
CNY (¥)
Share capital
USD ($)
Additional paid-in capital
CNY (¥)
Additional paid-in capital
USD ($)
Other reserves
CNY (¥)
Other reserves
USD ($)
Accumulated losses
CNY (¥)
Accumulated losses
USD ($)
Total
CNY (¥)
Total
USD ($)
Non-controlling interests
CNY (¥)
Non-controlling interests
USD ($)
Subscription receivable
CNY (¥)
Subscription receivable
USD ($)
Warrant outstanding
CNY (¥)
Warrant outstanding
USD ($)
Treasury shares
CNY (¥)
Treasury shares
USD ($)
 [3]
CNY (¥)
USD ($)
Balance (in Dollars) ¥ 146,730   ¥ 6,358,600   ¥ (35,201)   ¥ (6,031,255)   ¥ 438,874                   ¥ 438,874  
Balance at Dec. 31, 2022 146,730   6,358,600   (35,201)   (6,031,255)   438,874                   438,874  
Balance at Dec. 31, 2023 165,183   7,196,341   (65,699)   (7,338,168)   (47,039)   ¥ 3,434   ¥ (4,696)           (43,605)  
Comprehensive loss                                        
Net loss for the year             (1,306,913)   (1,306,913)   (237)               (1,307,150)  
Other comprehensive income loss         (30,498)       (30,498)                   (30,498)  
Total comprehensive loss for the year         (30,498)   (1,306,913)   (1,337,411)   (237)               (1,337,648)  
Transactions with equity holders:                                        
Issuance of shares, net 7,175   128,247           130,726       (4,696)           130,726  
Share-based payments from the Company     393,825           393,825                   393,825  
Share-based payments from the controlling shareholder     5,251           5,251                   5,251  
Conversion of convertible bonds to shares 7,807   311,528           319,335                   319,335  
Exercise of options 3,471   (1,110)           2,361                   2,361  
Capital contributions from non-controlling shareholders                     4,279               4,279  
Non-controlling interests arising from business combination                     (608)               (608)  
Balance (in Dollars) 165,183   7,196,341   (65,699)   (7,338,168)   (47,039)   3,434   (4,696)           (43,605)  
Balance at Dec. 31, 2024 186,678   7,389,684   (97,194)   (8,251,652)   (754,455)   321   (4,696)   ¥ 29,587   ¥ (6,862)   (754,134)  
Comprehensive loss                                        
Net loss for the year             (913,484)   (913,484)   (958)               (914,442)  
Other comprehensive income loss         (31,495)       (31,495)                   (31,495)  
Total comprehensive loss for the year         (31,495)   (913,484)   (944,979)   (958)               (945,937)  
Transactions with equity holders:                                        
Issuance of shares, net 3,380   1,145           34,112           29,587       34,112 [1]  
Share-based payments from the Company     161,231           161,231                   161,231  
Share-based payments from the controlling shareholder     (810)           (810)                   (810)  
Conversion of convertible bonds to shares 1,982   27,803           29,785                   29,785 [2]  
Exercise of options 16,133   (8,159)           7,974                   7,974  
Capital contributions from non-controlling shareholders     12,133           12,133   (2,333)               9,800  
Acquisition of treasury shares                 (6,862)               (6,862)   (6,862)  
Disposal of subsidiaries                     178               178  
Balance (in Dollars) 186,678   7,389,684   (97,194)   (8,251,652)   (754,455)   321   (4,696)   29,587   (6,862)   (754,134)  
Balance at Dec. 31, 2025 239 $ 34 7,818,000 $ 1,117,960 47,162 $ 6,744 (8,690,607) $ (1,242,740) (933,983) $ (133,558) 41,309 $ 5,907 (138,363) $ (19,787) 29,587 $ 4,231 (1) $ 0 (892,674) $ (127,651)
Comprehensive loss                                        
Net loss for the year             (438,955)   (438,955)   (11,012)               (449,967) (64,345)
Other comprehensive income loss         144,356       144,356                   144,356 20,643
Total comprehensive loss for the year         144,356   (438,955)   (294,599)   (11,012)               (305,611) (43,702)
Transactions with equity holders:                                        
Issuance of shares, net 232,977   33,209           132,519       (133,667)       (133,667) [1]   132,519 [1]  
Share-based payments from the Company     (18,239)           (18,239)                   (18,239)  
Share-based payments from the controlling shareholder     734           734                   734  
Exercise of options 4,557   (4,500)           57                   57  
Capital contributions from non-controlling shareholders                     52,000               52,000  
Reduction of par value (423,973)   417,112                           6,861      
Balance (in Dollars) ¥ 239 $ 34 ¥ 7,818,000 $ 1,117,960 ¥ 47,162 $ 6,744 ¥ (8,690,607) $ (1,242,740) ¥ (933,983) $ (133,558) ¥ 41,309 $ 5,907 ¥ (138,363) $ (19,787) ¥ 29,587 $ 4,231 ¥ (1) $ 0 ¥ (892,674) $ (127,651)
[1] In March 2024, the Company issued to certain institutional investors 47,619,050 Class A ordinary shares together with warrants to purchase up to 47,619,050 Class A ordinary shares through a private placement for a total net proceeds of approximately RMB34.1 million, after deducting commissions and other offering expenses. The warrants were exercisable beginning six months following the date of issuance and will expire five years from the initial exercise date. The Company also issued warrants to initially purchase up to 2,380,950 Class A ordinary shares to a financial advisor in connection with this registered direct offering.
[2] During the year ended December 31, 2024, the Company issued 27,888,690 Class A ordinary shares upon the conversion of certain convertible bonds issued to LMR in aggregate (Note 18).
[3] Representing an amount with an absolute value of less than US$1,000 (including negative amounts).