v3.26.1
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
SCHEDULE OF BALANCE SHEETS

Balance sheets

 

           
    

December 31,

2024

    

December 31,

2025

 
    RMB    RMB 
           
ASSETS          
           
Cash and cash equivalents   850    4,843 
Amounts due from intra-Group entities   10,144,302    7,358,481 
Other receivables   2,457    1,308 
Prepaid expenses   89    236 
           
Total assets   10,147,698    7,364,868 
           
LIABILITIES AND SHAREHOLDERS’ DEFICIT          
           
Liabilities          
           
Other payables and other current liabilities   29,942    20,233 
Short-term borrowings   -    39,072 
Investment deficit in subsidiaries   10,391,493    7,448,541 
Amounts due to intra-Group entities   94,265    87,910 
           
Total liabilities   10,515,700    7,595,756 
           
Shareholders’ deficit          
           
Ordinary shares (US$0.0001 par value, 190,100,000,000 and 190,100,000,000 shares authorized as of December 31, 2024 and 2025, respectively; 56,354,853,138 Class A ordinary shares and 40,809,861 Class B ordinary shares issued and outstanding as of December 31, 2024; 64,892,337,575 Class A ordinary shares and 40,809,861 Class B ordinary shares issued and outstanding as of December 31, 2025)   39,816    45,922 
Additional paid-in capital   19,007,948    19,370,282 
Subscription receivable from shareholders   (60,467)   (21,165)
Accumulated other comprehensive income   227,718    234,630 
Accumulated deficit   (19,583,017)   (19,860,557)
Total shareholders’ deficit   (368,002)   (230,888)
           
Total liabilities and shareholders’ deficit   10,147,698    7,364,868 
SCHEDULE OF STATEMENT OF COMPREHENSIVE LOSS

Statements of comprehensive loss

 

  

For the fiscal

year ended

March 31,

  

For the nine

months ended

December 31,

  

For the year

ended

December 31,

 
   2024   2024   2025 
   RMB   RMB   RMB 
                
Operation expense               
General and administrative   (73,236)   (89,099)   (37,587)
Total operating expenses   (73,236)   (89,099)   (37,587)
                
Loss from operations   (73,236)   (89,099)   (37,587)
                
Share of losses of subsidiaries   (299,613)   (114,011)   (237,157)
Interest expense, net   (546)   (1,806)   (3,459)
Other income, net   12,746    604    1,859 
Foreign exchange gain/(loss)   38    -    (1,196)
Fair value impact of the issuance of senior convertible preferred shares   (11,776)   -    - 
Net loss   (372,387)   (204,312)   (277,540)
                
Deemed dividend to preferred shareholders due to triggering of a down round feature   (2,060,254)   -    - 
Net loss attributable to ordinary shareholders   (2,432,641)   (204,312)   (277,540)
                
Net loss   (372,387)   (204,312)   (277,540)
Other comprehensive income               
Foreign currency translation   4,905    2,628    6,912 
Total comprehensive loss   (367,482)   (201,684)   (270,628)
SCHEDULE OF STATEMENTS OF CASH FLOWS

Statements of cash flow

 

  

For the fiscal

year ended

March 31,

  

For the nine

months ended

December 31,

  

For the year

ended

December 31,

 
   2024   2024   2025 
   RMB   RMB   RMB 
                
Net cash used in operating activities   (11,150)   (3,719)   (12,322)
Net cash used in investing activities   (204,327)   (69,612)   (344,518)
Net cash generated from financing activities   153,269    71,953    360,845 
Effect of exchange rate changes on cash and cash equivalents   2,170    22    (12)
Net (decrease)/increase in cash and cash equivalents   (60,038)   (1,356)   3,993 
Cash and cash equivalents at beginning of the period   62,244    2,206    850 
Cash and cash equivalents at end of the period   2,206    850    4,843