| NET INCOME (LOSS) PER SHARE |
15.
NET INCOME (LOSS) PER SHARE
The
following table sets forth the basic and diluted net income (loss) per share computation and provides a reconciliation of the numerator
and denominator for the years presented:
SCHEDULE
OF BASIC AND DILUTED NET LOSS PER SHARE COMPUTATION
| | |
2023 | | |
2024 | | |
2025 | |
| | |
Year
Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | |
| Numerator: | |
| | |
| | |
| |
| Net income (loss) | |
| 110,499 | | |
| (146,480 | ) | |
| 109,429 | |
| Accretion
of Redeemable Convertible Preferred Shares | |
| (146,341 | ) | |
| (113,658 | ) | |
| — | |
| Numerator
for basic and diluted net income (loss) per share calculation | |
| (35,842 | ) | |
| (260,138 | ) | |
| 109,429 | |
| Denominator: | |
| | | |
| | | |
| | |
Denominator
for basic net income (loss) per share calculation | |
| 72,000,000 | | |
| 103,695,655 | | |
| 207,133,005 | |
| Dilutive effect of share-based
awards | |
| — | | |
| — | | |
| 1,421,147 | |
| Denominator for diluted net
income (loss) per share calculation | |
| 72,000,000 | | |
| 103,695,655 | | |
| 208,554,152 | |
| Net income (loss) per ordinary
share | |
| | | |
| | | |
| | |
| —Basic | |
| (0.50 | ) | |
| (2.51 | ) | |
| 0.53 | |
| —Diluted | |
| (0.50 | ) | |
| (2.51 | ) | |
| 0.52 | |
The
potentially dilutive securities that have not been included in the calculation of diluted net income (loss) per share as the exercise of options and vesting of the Class A restricted share units are contingent upon the occurrence of IPO
or their inclusion
would be anti-dilutive are as follows:
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| | |
2023 | | |
2024 | | |
2025 | |
| | |
Year Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| Preferred shares | |
| 121,079,448 | | |
| — | | |
| — | |
| Share options | |
| 2,404,681 | | |
| 4,322,839 | | |
| — | |
| Class A restricted share units | |
| 5,299,000 | | |
| 2,726,000 | | |
| — | |
| Potentially dilutive securities | |
| 5,299,000 | | |
| 2,726,000 | | |
| — | |
|