v3.26.1
Income Tax (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax [Abstract]  
Schedule of Current and Deferred Components of the Income Tax (Credit)/Expense

The current and deferred components of the income tax (credit)/expense are as follows:

 

   For the years ended December 31, 
   2023   2024   2025   2025 
   RMB   RMB   RMB   US$ 
Current   -    -    29    4 
Deferred (note 18)   (7,150)   10,425    6,911    988 
                     

Total income tax (credit)/expense for the year

   (7,150)   10,425    6,940    992 
Schedule of Reconciliation between the Income Tax Expense/(Credit)

Reconciliation between the income tax expense/(credit) computed by applying the statutory tax rate to loss before income tax and the actual provision for income tax is as follows:

  

   For the years ended December 31, 
   2023   2024   2025   2025 
   RMB   RMB   RMB   US$ 
Loss before tax   (932,862)   (395,255)   (1,236,047)   (176,753)
Income tax computed at the statutory tax rate   (244,549)   (70,114)   (287,881)   (41,166)
Lower tax rate for a specific entity   59,396    7,112    59,759    8,545 
Statutory income and expense   2,824    (17,534)   (12,900)   (1,845)
Items not subject to tax   (4,093)   (7,236)   (7,533)   (1,076)
Items not deductible for tax   9,192    24,045    49,582    7,091 
Research and development super-deduction   (67,525)   (75,135)   (48,919)   (6,995)
(Gain)/loss attributable to joint ventures   (269)   71    (78)   (11)
Provision to return   23,311    (35,342)   68,391    9,779 
Effect of tax rate changes on deferred taxes   (56,104)   (10,822)   (71,206)   (10,183)
Uncertain tax position   -    23,665    14,236    2,036 
Effect of withholding tax on the interest income of the Group’s HK subsidiary   -    -    29    4 
Tax loss expired   -    31,670    29,628    4,237 
Deductible temporary differences not recognized   33,235    71,465    49,919    7,138 
Tax losses not recognized   237,432    68,580    163,913    23,438 
Income tax (credit)/expense at the Group’s effective rate   (7,150)   10,425    6,940    992