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(LOSS) EARNING PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
(LOSS) EARNING PER SHARE  
Schedule of basic and diluted (loss) earnings per share

For the nine months 

ended September 30, 

    

2023

    

2024

RMB

RMB

Numerator:

 

  

 

  

Net (loss) income

 

(173,881)

 

244,973

Net income attributable to noncontrolling interest

 

(27,167)

 

(50,677)

Less: Net income attributable to convertible note holders based on their participating rights

(16,001)

Adjusted net (loss) income attributable to ordinary shareholders - Basic

 

(201,048)

 

178,295

Reversal of net income attributable to convertible promissory notes

16,001

Adjust for changes in the fair value of financial liabilities

 

(21,718)

 

2,537

Adjust for gain on debt extinguishment

 

 

(246,175)

Adjust for interest for convertible promissory notes

 

2,370

 

22,723

Adjusted net loss attributable to ordinary shareholders -Diluted

 

(220,396)

 

(26,619)

Denominator:

 

  

 

  

Weighted average number of shares outstanding—basic

 

888,724,901

 

1,588,659,647

Weighted average number of shares outstanding—diluted

 

899,884,241

 

1,730,216,309

(Loss) earning per share—basic

 

(0.23)

 

0.11

(Loss) earning per share—diluted

 

(0.24)

 

(0.02)