| SUMMARY OF CONDENSED BALANCE SHEETS OF THE PARENT COMPANY |
Balance
sheets of the parent company
SUMMARY
OF CONDENSED BALANCE SHEETS OF THE PARENT COMPANY
| | |
As of
December 31, 2024 | | |
As of
December 31, 2025 | |
| | |
RMB | | |
RMB | |
| | |
| | |
| |
| ASSETS | |
| | | |
| | |
| Current assets: | |
| | | |
| | |
| Cash and cash equivalents | |
| 25,064 | | |
| 9,675 | |
| Short-term investment | |
| - | | |
| 40,480 | |
| Amounts due from the group companies | |
| 192,678 | | |
| 204,435 | |
| Prepaid expenses and other current assets | |
| 620 | | |
| 544 | |
| Total current assets | |
| 218,362 | | |
| 255,134 | |
| | |
| | | |
| | |
| Non-current assets: | |
| | | |
| | |
| Long-term investments | |
| 53,120 | | |
| 20,033 | |
| Investment in subsidiaries and VIE | |
| 807,681 | | |
| 661,365 | |
| Total non-current assets | |
| 860,801 | | |
| 681,398 | |
| | |
| | | |
| | |
| Total assets | |
| 1,079,163 | | |
| 936,532 | |
| | |
| | | |
| | |
| LIABILITIES AND EQUITY | |
| | | |
| | |
| | |
| | | |
| | |
| Current liabilities | |
| | | |
| | |
| Other payables and accruals | |
| 1,777 | | |
| 1,300 | |
| Total liabilities | |
| 1,777 | | |
| 1,300 | |
| | |
| | | |
| | |
| Shareholders’ equity | |
| | | |
| | |
| | |
| | | |
| | |
| Ordinary shares (US$0.000005 par value 20,000,000,000 shares authorized as of December 31, 2024 and 2025; 1,208,831,222 Class A ordinary shares and 949,960,000 Class B ordinary shares issued as of December 31, 2024 and 2025; 1,020,256,032 Class A ordinary shares and 949,960,000 Class B ordinary shares outstanding as of December 31, 2024 and 2025, respectively) | |
| 70 | | |
| 70 | |
| Ordinary shares (US$0.000005 par value 20,000,000,000 shares authorized as of December 31, 2024 and 2025; 1,208,831,222 Class A ordinary shares and 949,960,000 Class B ordinary shares issued as of December 31, 2024 and 2025; 1,020,256,032 Class A ordinary shares and 949,960,000 Class B ordinary shares outstanding as of December 31, 2024 and 2025, respectively) | |
| 70 | | |
| 70 | |
| Additional paid-in capital | |
| 7,293,445 | | |
| 7,328,615 | |
| Accumulated other comprehensive income | |
| 138,690 | | |
| 83,996 | |
| Less: Treasury stock (188,575,190 shares as of December 31, 2024 and 2025, respectively) | |
| (113,334 | ) | |
| (113,334 | ) |
| Accumulated deficit | |
| (6,241,485 | ) | |
| (6,364,115 | ) |
| Total shareholders’ equity | |
| 1,077,386 | | |
| 935,232 | |
| | |
| | | |
| | |
| Total liabilities and shareholders’ equity | |
| 1,079,163 | | |
| 936,532 | |
|
| SUMMARY OF CONDENSED STATEMENTS OF COMPREHENSIVE OR LOSS OF THE PARENT COMPANY |
Statements
of comprehensive loss of the parent company
SUMMARY
OF CONDENSED STATEMENTS OF COMPREHENSIVE OR LOSS OF THE PARENT COMPANY
| | |
Year Ended
December 31, 2023 | | |
Year Ended
December 31, 2024 | | |
Year
Ended
December
31, 2025 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Operation expense | |
| | | |
| | | |
| | |
| General and administrative | |
| (8,557 | ) | |
| (7,467 | ) | |
| (4,168 | ) |
| Total operating expenses | |
| (8,557 | ) | |
| (7,467 | ) | |
| (4,168 | ) |
| Share of loss of subsidiaries and VIE | |
| (151,117 | ) | |
| (135,507 | ) | |
| (146,238 | ) |
| Financial (loss)/income, net | |
| (518 | ) | |
| 21,872 | | |
| 12,339 | |
| Foreign exchange gain/(loss) | |
| - | | |
| 51 | | |
| (21 | ) |
| Other non-operating (loss)/income, net | |
| (4,232 | ) | |
| (1,347 | ) | |
| 235 | |
| | |
| | | |
| | | |
| | |
| Equity in loss/(income) of affiliates, net of tax | |
| (705 | ) | |
| (712 | ) | |
| 4,569 | |
| Net loss | |
| (165,129 | ) | |
| (123,110 | ) | |
| (133,284 | ) |
| | |
| | | |
| | | |
| | |
| Net loss attributable to ordinary shareholders | |
| (165,129 | ) | |
| (123,110 | ) | |
| (133,284 | ) |
| | |
| | | |
| | | |
| | |
| Net loss | |
| (165,129 | ) | |
| (123,110 | ) | |
| (133,284 | ) |
| Other comprehensive income | |
| | | |
| | | |
| | |
| Foreign currency translation | |
| 24,673 | | |
| 22,520 | | |
| (54,694 | ) |
| Total comprehensive loss | |
| (140,456 | ) | |
| (100,590 | ) | |
| (187,978 | ) |
|
| SUMMARY OF CONDENSED STATEMENTS OF CASH FLOWS OF THE PARENT COMPANY |
Statements
of cash flows of the parent company
SUMMARY
OF CONDENSED STATEMENTS OF CASH FLOWS OF THE PARENT COMPANY
| | |
Year Ended
December 31, 2023 | | |
Year Ended
December 31, 2024 | | |
Year Ended
December
31, 2025 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Net cash used in operating activities | |
| (8,557 | ) | |
| (7,174 | ) | |
| (3,575 | ) |
| Net cash generated from/(used in) investing activities | |
| 31,720 | | |
| (31,541 | ) | |
| (10,714 | ) |
| Net cash used in financing activities | |
| (25,334 | ) | |
| (805 | ) | |
| (719 | ) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | |
| 878 | | |
| 514 | | |
| (381 | ) |
| Net decrease in cash, cash equivalents and restricted cash | |
| (1,293 | ) | |
| (39,006 | ) | |
| (15,389 | ) |
| Cash, cash equivalents and restricted cash at beginning of the year | |
| 65,363 | | |
| 64,070 | | |
| 25,064 | |
| Cash, cash equivalents and restricted cash at end of the year | |
| 64,070 | | |
| 25,064 | | |
| 9,675 | |
|