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Net loss per share
12 Months Ended
Dec. 31, 2025
Net loss per share  
Net loss per share

21.Net loss per share

Basic and diluted net income per share for the years ended December 31, 2023, 2024 and 2025 are calculated as follows:

  ​ ​ ​

For the years ended December 31, 

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

RMB

Numerator:

 

  ​

 

  ​

 

  ​

Net loss attributable to ordinary shareholders

 

(204,519)

 

(47,955)

 

(112,591)

Numerator for basic and diluted net loss per share

 

(204,519)

 

(47,955)

 

(112,591)

Denominator:

 

 

 

Denominator for basic calculation—weighted average number of Class A and Class B ordinary shares outstanding

 

243,025,428

 

231,533,388

 

228,840,636

Denominator for diluted calculation

 

243,025,428

 

231,533,388

 

228,840,636

Net loss per ordinary share

 

 

 

—Basic

 

(0.84)

 

(0.21)

 

(0.49)

—Diluted

 

(0.84)

 

(0.21)

 

(0.49)

Net loss per ADS*

 

 

 

—Basic

 

(0.84)

 

(0.21)

 

(0.49)

—Diluted

 

(0.84)

 

(0.21)

 

(0.49)

*Each ADS represents one Class A ordinary share.

The share options and restricted share units were excluded in the computation of diluted loss per share for the years ended December 31, 2023, 2024 and 2025 because the inclusion of such share awards would be anti - dilutive.