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Intangible assets, net
 12 Months Ended
Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible assets, net Intangible assets, net
Intangible assets, net consisted of the following:
As of December 31,
20232024
RMBRMB
Software121,950 164,369 
Distribution and licensing rights143,725 185,363 
Trademark139 270 
Patent2,655 2,655 
Developed technology (refer to Note 3.c)— 138,569 
Intangible assets268,469 491,226 
Less: accumulated amortization(86,183)(177,871)
Less: impairment(2,945)(3,578)
Intangible assets, net179,341 309,777 
In November 2023, the Group entered into a licensing agreement with Hubei Xingji Meizu Group Co., Ltd., (“Xingji Meizu”), a related party. Pursuant to the licensing agreement, the Group obtained a non-exclusive license under certain software of Xingji Meizu to develop and sell this software worldwide for three years. The consideration is due by instalment in three years of RMB50,000 each year. The Group recognized RMB143,725 software license rights based on the present value of the consideration and amortized it over three years.
Amortization of intangible assets was allocated as follows:
Year ended December 31,
202220232024
RMBRMBRMB
Cost of revenues— 7,985 48,160 
Selling, general and administrative expenses9,987 10,047 8,882 
Research and development expenses14,045 13,808 34,422 
Total depreciation expenses24,032 31,840 91,464 
Impairment loss on obsolete and damaged intangible assets was allocated as follows:
Year ended December 31,
202220232024
RMBRMBRMB
Selling, general and administrative expenses— 2,662 648 
Research and development expenses— 283 — 
Total impairment loss— 2,945 648 
Estimated amortization expenses relating to the existing intangible assets with finite lives for the next five years is as follows:
As of December 31,
RMB
2025101,054 
202685,668 
202730,450 
202818,220 
202917,934