v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' (DEFICIT) EQUITY
¥ in Thousands, $ in Thousands
Class A
Ordinary shares
CNY (¥)
shares
Class B
Ordinary shares
CNY (¥)
shares
Additional paid-in capital
CNY (¥)
Subscription receivables
CNY (¥)
Accumulated deficit
CNY (¥)
Accumulated other comprehensive (loss) income
CNY (¥)
CNY (¥)
USD ($)
Beginning balance at Dec. 31, 2022 ¥ 19 ¥ 20   ¥ (310,227) ¥ (2,831,381) ¥ (3,608) ¥ (3,145,177)  
Beginning balance (in shares) at Dec. 31, 2022 | shares 30,033,379 30,949,701            
Balance as of ending (in shares) at Dec. 31, 2023 | shares 30,033,379 96,995,110            
Net Income (Loss)         (475,968)   (475,968)  
Foreign currency translation           42,048 42,048  
Share-based compensation     ¥ 233,958       233,958  
Issuance of ordinary shares for initial public offering ("IPO")   ¥ 7 1,193,290       1,193,297  
Issuance of ordinary shares for initial public offering ("IPO") (in shares) | shares   10,125,118            
Reclassification of redeemable shares to ordinary shares upon IPO   ¥ 39 5,986,871       5,986,910  
Reclassification of redeemable shares to ordinary shares upon IPO (in shares) | shares   54,551,513            
Issuance of ordinary shares upon the exercise of share options and vesting of restricted share units   ¥ 1 9,743       9,744  
Issuance of ordinary shares upon the exercise of share options and vesting of restricted share units (in shares) | shares   1,368,778            
Settlement of subscription receivables in connection the 2021 reorganization       17,506     17,506  
Balance as of ending at Dec. 31, 2023 ¥ 19 ¥ 67 7,423,862 (292,721) (3,307,349) 38,440 3,862,318  
Beginning balance (in shares) at Dec. 31, 2022 | shares 30,033,379 30,949,701            
Balance as of ending (in shares) at Dec. 31, 2023 | shares 30,033,379 96,995,110            
Balance as of ending (in shares) at Dec. 31, 2024 | shares 30,015,905 101,143,806            
Net Income (Loss)         (102,376)   (102,376)  
Foreign currency translation           18,535 18,535  
Share-based compensation     117,199       117,199  
Issuance of ordinary shares upon the exercise of share options and vesting of restricted share units   ¥ 3 36,052       36,055  
Issuance of ordinary shares upon the exercise of share options and vesting of restricted share units (in shares) | shares   4,131,222            
Conversion of Class A Ordinary shares into Class B Ordinary shares (in shares) | shares (17,474) 17,474            
Balance as of ending at Dec. 31, 2024 ¥ 19 ¥ 70 7,577,113 (292,721) (3,409,725) 56,975 3,931,731  
Beginning balance (in shares) at Dec. 31, 2023 | shares 30,033,379 96,995,110            
Balance as of ending (in shares) at Dec. 31, 2024 | shares 30,015,905 101,143,806            
Balance as of ending (in shares) at Dec. 31, 2025 | shares 26,998,861 129,146,306            
Net Income (Loss)         435,880   435,880 $ 62,330
Foreign currency translation           (50,446) (50,446) (7,214)
Share-based compensation     114,652       114,652  
Issuance of ordinary shares for initial public offering ("IPO")   ¥ 16 4,206,240       4,206,256  
Issuance of ordinary shares for initial public offering ("IPO") (in shares) | shares   22,482,500            
Issuance of ordinary shares upon the exercise of share options and vesting of restricted share units   ¥ 2 27,958       27,960  
Issuance of ordinary shares upon the exercise of share options and vesting of restricted share units (in shares) | shares   2,502,956            
Conversion of Class A Ordinary shares into Class B Ordinary shares ¥ (2) ¥ 2            
Conversion of Class A Ordinary shares into Class B Ordinary shares (in shares) | shares (3,017,044) 3,017,044            
Settlement of subscription receivables in connection the 2021 reorganization       ¥ 292,721     292,721  
Balance as of ending at Dec. 31, 2025 ¥ 17 ¥ 90 ¥ 11,925,963   ¥ (2,973,845) ¥ 6,529 ¥ 8,958,754 $ 1,281,084
Beginning balance (in shares) at Dec. 31, 2024 | shares 30,015,905 101,143,806            
Balance as of ending (in shares) at Dec. 31, 2025 | shares 26,998,861 129,146,306