v3.26.1
TAXATION (Tables)
12 Months Ended
Dec. 31, 2025
TAXATION  
Schedule of current and deferred components of income tax expenses

For the year ended

December 31, 

2023

2024

2025

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

US$

(in thousands)

Current income tax expenses

21,666

12,012

6,387

913

Deferred income tax expenses

 

Total income tax expenses

 

21,666

12,012

6,387

913

Schedule of reconciliations of the differences between the statutory tax rate and the effective tax rate for enterprise income tax

For the year ended December 31, 

2023

2024

  ​ ​ ​

RMB

  ​ ​ ​

RMB

(in thousands)

Income before income tax

202,573

110,601

Income tax computed at the statutory tax rate of 25% of Chinese mainland

50,643

27,650

Effect of differing tax rates in different jurisdictions

2,740

795

Research and development super‑deduction

 

(29,192)

(13,223)

Shared‑based compensation expenses

 

2,359

688

Non‑deductible expenses

 

2,928

2,397

Effect of preferential tax rates and tax holiday in Chinese mainland

(28,489)

(19,704)

Change in valuation allowance

 

22,950

11,785

Others

 

(2,273)

1,624

Income tax expenses

 

21,666

12,012

For the year ended

 

December 31, 2025

 

  ​ ​ ​

RMB

  ​ ​ ​

US$

  ​ ​ ​

Percent

 

(in thousands, except for percentages)

 

Income tax computed at the statutory tax rate of 25% of Chinese mainland

 

25,447

 

3,639

 

25.0

%

Foreign tax effects

 

(232)

 

(33)

 

(0.2)

%

Research and development super‑deduction

 

(9,241)

 

(1,321)

 

(9.1)

%

Change in valuation allowance

 

(7,302)

 

(1,044)

 

(7.2)

%

Nontaxable or nondeductible items:

 

 

 

Shared‑based compensation expenses

 

171

 

24

 

0.2

%

Others

 

2,618

 

374

 

2.6

%

Effect of preferential tax rates and tax holiday in Chinese mainland

(9,912)

(1,417)

(9.7)

%

Other adjustments

 

Expired tax losses

2,717

 

389

 

2.7

%

Others

2,121

302

2.0

%

Income tax expenses

 

6,387

 

913

 

6.3

%

Schedule of components of the Group's deferred tax assets

As of December 31, 

2024

2025

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

US$

(in thousands)

Deferred tax assets

Tax losses carry forward

111,923

114,176

16,327

Deferred revenue and customer advances

 

33,902

26,178

3,743

Intangible assets acquired under common control

13,161

11,725

1,677

Lease liabilities

3,631

2,843

407

Others

 

3,188

3,253

465

Less: valuation allowance

 

(162,218)

(155,332)

(22,212)

3,587

2,843

407

Deferred tax liabilities

ROU assets

(3,587)

(2,843)

(407)

(3,587)

(2,843)

(407)

Presentation in the consolidated balance sheets

Deferred tax assets, net

Deferred tax liabilities, net

Net deferred tax assets, net