CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2025
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2025
USD ($)
$ / shares
shares
|
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
|
|
| CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME | ||||
| Net revenues | ¥ 3,027,573 | $ 432,937 | ¥ 2,077,157 | ¥ 1,876,989 |
| Cost of revenues | (1,762,477) | (252,031) | (1,192,572) | (1,215,611) |
| Gross Profit | 1,265,096 | 180,906 | 884,585 | 661,378 |
| Operating expenses: | ||||
| Sales and marketing expenses | (191,990) | (27,454) | (193,032) | (148,798) |
| General and administrative expenses | (288,828) | (41,302) | (316,913) | (320,144) |
| Research and development expenses | (796,940) | (113,961) | (855,641) | (790,547) |
| Other operating income, net | 181,415 | 25,942 | 276,093 | 26,520 |
| Total operating expenses | (1,096,343) | (156,775) | (1,089,493) | (1,232,969) |
| (Loss) income from operations | 168,753 | 24,131 | (204,908) | (571,591) |
| Interest income | 130,237 | 18,624 | 104,401 | 99,813 |
| Interest expenses | (18,923) | (2,706) | (12,827) | (3,069) |
| Foreign exchange (loss) gain, net | 2,156 | 308 | 14,577 | (452) |
| Other income (loss), net | 184,566 | 26,393 | (2,476) | 34 |
| Net (loss) income before income tax and share of loss in equity method investments | 466,789 | 66,750 | (101,233) | (475,265) |
| Income tax expense | (30,835) | (4,409) | (1,130) | (658) |
| Share of loss in equity method investment | (74) | (11) | (13) | (45) |
| Net (loss) income | 435,880 | 62,330 | (102,376) | (475,968) |
| Net (loss) income attributable to ordinary shareholders of the Company | ¥ 435,880 | $ 62,330 | ¥ (102,376) | ¥ (475,968) |
| Net (loss) earnings per share: | ||||
| Basic (amounts per share) | (per share) | ¥ 3.13 | $ 0.45 | ¥ (0.79) | ¥ (3.81) |
| Diluted (amounts per share) | (per share) | ¥ 2.98 | $ 0.43 | ¥ (0.79) | ¥ (3.81) |
| Weighted average shares used in calculating net (loss) earnings per share: | ||||
| Basic (in shares) | 139,145,475 | 139,145,475 | 129,188,125 | 124,783,013 |
| Diluted (in shares) | 146,437,135 | 146,437,135 | 129,188,125 | 124,783,013 |
| Net Income (Loss) | ¥ 435,880 | $ 62,330 | ¥ (102,376) | ¥ (475,968) |
| Other comprehensive income (loss), net of tax of nil: | ||||
| Foreign currency translation adjustments | (50,446) | (7,214) | 18,535 | 42,048 |
| Comprehensive (loss) income | ¥ 385,434 | $ 55,116 | ¥ (83,841) | ¥ (433,920) |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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